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
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
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.
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.
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 [...]
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.
KBA has received numerous responses to our latest Lease Tip, The Impact on Corporate Real Estate of Lease Accounting Changes under GAAP. We are preparing to provide comments to the FASB/IASB exposure draft regarding the following aspects of the changes and would like to invite you to join us. LET YOUR VOICE BE HEARD BY [...]
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