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Taking a new approach to financial statements

By: Language: English Series: RICS Commercial Property Journal ; May-June 2011, 12-13(2)Publication details: 2011Subject(s): Summary: Examines the work that corporate real estate teams will need to do in advance of the International Accounting Standards Board,s forthcoming final version of it new standard on lease accounting which when implemented will have a significant impact on the financial statements of corporate occupiers. Covers what is changing, the collection and validation of lease data, the data requirements, assessing the impact on financial statements, strategic justification, and the timeline and immediate actions needed.

Examines the work that corporate real estate teams will need to do in advance of the International Accounting Standards Board,s forthcoming final version of it new standard on lease accounting which when implemented will have a significant impact on the financial statements of corporate occupiers. Covers what is changing, the collection and validation of lease data, the data requirements, assessing the impact on financial statements, strategic justification, and the timeline and immediate actions needed.