CRE and finance roles in the impact of lease accounting changes: Whose baby is it?

Sylvia Koh and Ming Lee Chua

Corporate Real Estate Journal, 2017, vol. 7, issue 2, 161-169

Abstract: The dust has finally settled on the long-awaited changes in how companies must account for leases in their financial statements in a bid to improve financial transparency. This paper explores how the corporate real estate community needs to engage with its internal finance teams as well as prepare the real estate portfolio to be ready for transition when the changes go live in 2019. While it is no surprise that finance will take on the heavy lifting to comply with the new standard, corporate real estate professionals have a critical role to play as well and inaction is not an option.

Keywords: lease accounting changes; preparation; financial reporting; corporate real estate; leases (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2017:v:7:i:2:p:161-169

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