Not-So-Impending Doom   Finalizing the changes is taking much longer than anticipated. This means the effective date of the changes will be pushed off farther into the future, giving companies more time to deal with the impact. As you have  probably heard, extensive public comment over the proposed changes in the Boards’ original August 2010 Exposure [...]

Tags: Commercial Leasing, FAS 13, FASB, Financial Accounting Standards Board, IASB, Jason Aster, KBA, KBA Lease Services, Lease Accounting, Lease Audit, lease auditing, lease audits, Lease Tips, Leasing, Marc Betesh, Real Estate, real estate leasing, real estate operating expenses, Update, visual lease

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It’s the end of April, and you should have received your operating expense and tax reconciliations from 2011. But you face a problem: the receipt of these statements starts the clock on when you must notify your landlord of errors. If you don’t, your statements are “deemed” conclusive and binding, regardless of how blatant or obvious errors may be.

This article will show you how to deal with this costly restriction and to avoid it in the future.

Tags: AECRE, building occupancy, building operating expenses, CAM, Common Area Maintenance, CoreNet, DLA Piper, FASB, IASB, Lease Accounting, Lease Audit, lease audit rights, lease auditing, LeaseTips, Marc Betesh, Michael Meyer, office lease, Operating Expenses, Pass-throughs, real estate operating expenses, Real Estate Tax, robert nash, Schulte Roth, SIOR, Speaking

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Don’t miss the discussion between Andrew Zezas of SIOR NJ and Marc Betesh of KBA Lease Services. Together they outline the upcoming changes to lease accounting under GAAP and their potential impact on commercial real estate, developers and occupants.

Tags: FASB, IASB, Lease Accounting, Marc Betesh, SIOR

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FASB and IASB announced on July 21, 2011 that they will re-expose the lease accounting proposal containing their revisions and tentative decisions thus far, further delaying final implementation of these highly controversial rules.

Tags: FASB, IASB, Lease Accounting

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According to industry chatter, it is looking quite likely that the FASB plans to continue to re-deliberate crucial issues based on the steady flow of industry opinion and data received from comment letters, roundtables and outreach initiatives.

Tags: FASB, Lease Accounting

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Duke Long interviews Marc Betesh, President and CEO of KBA Lease Services, about upcoming FASB changes at Corenet’s Chicago conference.

Tags: CoreNet, Duke Long, FASB, Marc Betesh

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Realtor magazine, the official magazine of the National Association of Realtors, talks FASB with Marc Betesh.

In the article, titled The Facts On FASB, Realtor Magazine’s Mariwyn Evans questions FASB’s proposed changes to lease accounting rules.

Tags: FASB, Lease Accounting, Marc Betesh

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Duke Long interviews Marc Betesh about upcoming FASB changes at Corenet’s Chicago conference. 

Tags: blog, CoreNet, Duke Long, FASB, Lease Accounting, Marc Betesh

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 Tomorrow’s webinar will explore the underlying theory behind the proposed FASB changes.  IFMA, a professional association for facility management professionals,  and KBA Lease Services, a nationwide lease auditing firm, will outline the potential ramifications and offer advice as to best prepare for the impact. Topics Include: Why the Changes Were Proposed What Will Change [...]

Tags: FASB, IASB, Lease Accounting, Lease Audit, Marc Betesh, Press Release

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The process of accommodating many of the suggestions from the public roundtable and workgroup meetings is underway and significant positive changes to some of the more controversial and costly proposals have already been tentatively agreed to.

Tags: FASB, IASB, Lease Accounting

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