Tim Reason, CFO Magazine
August 1, 2005
This and the added calculations will make things more "interesting" for us Finance staff in the RE industry.
Posted by NGONI MAREYA | Jul 25, 2006 9:16 PM ET
Once you've booked assets & liabilities for each of your office/retail space leases (and restated your prior periods), I suppose you would also have to hire a real estate appraiser every year for each lease, in order to determine whether you need to book an impairment charge against any of your office/retail space lease assets, due to declines (if applicable) in the real estate market? Sounds like a pretty onerous change, which would affect a huge number of companies.
Posted by Paul Moore | Jul 14, 2006 10:15 AM ET