Bricsnet recently announced the release of a “Readiness Package” to assist clients in determining the effects that proposed new accounting standards will have on their real estate portfolios.

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The new lease accounting standard will increase the contribution and profile of corporate real estate in the financial reporting of companies. Companies with a large numbers of real estate and/or equipment leases will be particularly affected by the new standard. Several industries will add more than $1 billion of obligations to their balance sheets.

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The U.S.–based Financial Accounting Standards Board (FASB) and the European–based International Accounting Standards Board (IASB) are jointly preparing a new standard for lease accounting. For many years, there has been general agreement in the accounting and investment communities that a revised lease accounting standard was needed.

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Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses the current state of the upcoming FASB changes. A little more than two (2) years ago the Boards published their Discussion Paper, Leases: Preliminary Views. Fast forward to today and a known calendaring of the Final Document due date of 2Q-2011 or put another way June [...]

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As covered in a previous TRIRIGA Insights post, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working together on a major revamp of lease accounting rules. An exposure draft released in August 2010, details proposed changes to lease accounting rules that effectively remove the distinction between operating leases [...]

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2010 became one of the most important years in corporate real estate history, marked by the IASB/FASB’s proposed changes to the lease accounting standard.  If finalized as proposed, the new lease accounting standard will require real estate and finance professionals to report leased assets on the balance sheet.

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Lucernex real estate finance expert Jim Duport (see Jim’s management summary here), after completing an upgrade to our core financial engine to support the new proposed FASB / GAAP rules, discusses renewal options under the new FASB.

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Lucernex real estate finance expert Jim Duport (see Jim’s management summary here), after completing an upgrade to our core financial engine to support the new proposed FASB / GAAP rules, discusses questions surrounding how renewal option probability will be calculated under the new FASB rules. This is the third in a series of Blogs by [...]

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