Over the past few years, FASB and the IASB have been determining a way to best treat leases so that investors and others who use financial statements can get an accurate picture of an entity’s financial health. The planned changes to lease accounting have placed a renewed importance on a company’s ability to manage and report on their real estate.
See the full article titled N.J. corporate real estate: Keeping up with the latest FASB changes to lease accounting standards.