lease accounting

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lease accounting

Sep 14

2010

Proposed Lease Accounting Changes Could Impact Commercial Real Estate

Posted by Marty Koenig in leasing , lease accounting , debt financing , colorado cfo , CFO , business funding , budgeting , bank loan , bank lending , bank financing

By Keith McAslan, Partner, CxO To Go

Introduction:

The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their “exposure draft” requiring companies to record nearly all leases on their balance sheets as a “right to use” asset, and a corresponding “future lease payment - liability”. What does this mean to your business in layman terms? This proposal in essence does away with operating leases; all leases (unless immaterial) would be capitalized using the present value of the minimum lease payments. Therefore, businesses who in the past had off-balance sheet lease obligations, must now record these obligations on their balance sheet.

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