The Impact on Corporate Real Estate of FASB Changes to Lease Accounting Standards

Over the past few years, there has been much discussion about how real estate and other leases will be reported in a company's annual financial statements under generally accepted accounting principles (GAAP). The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), the accounting industry’s two primary governing boards, have been determining a way to best treat leases so that investors and other who use financial statements can get an accurate picture of an entities financial health.  With this emphasis on improved lease accounting and reporting companies will need help to manage these intricacies.