Lease Accounting White Paper Now Available

A few weeks ago we made a post referencing a white paper published by PricewaterhouseCoopers about the impact the changes being made to FAS13 lease accounting standards coming into effect January, 2012 will have on corporate real estate.

The new standard will shift from rents being reported as operating expenses to being capitalized as future rent obligations putting millions/billions onto the balance sheet and bringing all occupancy costs beyond rent into the cross hairs of the CFO/controllers purview.

Don’t wait to get the memo, get a copy of the white paper by going to >>> http://www.pwc.com/us/en/asset-management/real-estate/publications/real-estate-lease-accounting.jhtml.

Don’t delay, go get the paper and begin planning now for the impact these changes will have on you and your CRE department. Once you’ve read it, be sure your next call is to your company’s CFO to request a meeting to discuss the impact.

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2 Responses to Lease Accounting White Paper Now Available

  1. […] Newses Japan – ALL wrote an interesting post today. Here’s a quick excerptA few weeks ago we made a post referencing a white paper published by PricewaterhouseCoopers about the impact the changes being made to FAS13 lease baccounting/b standards coming into effect January, 2012 will have on corporate real estate … […]

  2. CNG Working Session – FAS 13 / IAS 17 Lease Accounting

    Under the sponsorship of the CoreNet Global – Strategy and Portfolio Planning Community, the Value Creation / Optimizing Capital Taskforce

    Tuesday, June 29, 2010
    10:00 a.m. Eastern/7:00 a.m. Pacific
    Please click here to join the webinar.

    Join us for a facilitated conference call and webcast working session to address the planned convergence of lease accounting, its ramifications, and the Corporate Real Estate community response.

    This will be a large group discussion including major corporate occupiers, subject matter experts, corporate real estate finance, equipment leasing, lease administration, accounting / consultants, etc. (please see below).

    Agenda is as follows:
    1. Discussion agenda:
    a. Are the proposed Lease Accounting changes going to happen, how, and when?
    i. Highlights as currently understood
    ii. Identified problematic issues (e.g., quarterly subjective reviews)
    b. How important is the change to financial reporting?
    i. Within peer groups
    ii. As compared to strategy / economics
    iii. What about process implications
    c. Degree of Corporate RE preparation needed
    i. SARBOX implications
    d. What should Corp RE be telling FASB/SEC and IASB/EU?
    i. Prioritized and desired changes (e.g., keep straight-lining)
    ii. Note other efforts: ELFA, ICSC
    iii. Acknowledge that CNG is not a PAC
    e. How should Corp RE work with corporate finance to effect changes?

    Webinar is hosted by Michael Anderson, CoreNet Global’s Manager of Research and Knowledge Center
    Audio conference information:
    U.S. & Canada
    Call-in toll-free number: 1-866-520-9093
    Conf Code: 4045893239, Followed by #

    International Toll Free International Call In numbers by country: https://www.intercallonline.com/portlets/scheduling/viewNumbers/listNumbersByCode.do?confCode=4045893239
    Conf Code: 4045893239

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