Getting In Front Of Lease Accounting Rules Changes
The recently announced Financial Accounting Standards Board changes to lease accounting won’t be in effect for three to four more years, but their potential impact on commercial real estate portfolios could be significant. New business could be the result — moving multi-year leases around on the balance sheet could tip said balances enough to prompt a round of property purchases or consolidations. Complying with the new changes could mean that and more for landlords — and the professional services that go with compliance are sure to be in a bit greater demand as the rules burn into business plans.
Talking a bit about potential impacts and timeframes is NAR Commercial Regulatory Policy Representative Stephanie Spear, who appears in a quick video outlining the changes potentials from the perspective of the commercial real estate industry.
CCIM Professional Education on FASB Lease Accounting Changes
It’s no surprise that CCIM Institute is on the case with instructor-led education on the lease changes and their connections to commercial property. After the jump, check out the course offerings by instructor Peter Barnett, PwC’s Director Of Real Estate.