Leasing may soon have to be justified on economic terms alone.
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 | July 25, 2006 09:16 pm
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 | July 14, 2006 10:15 am© CFO Publishing Corporation 2009. All rights reserved.