HOW WILL THE FASB AND IASB RULES IMPACT YOUR COMPANY?

The International Council of Shopping Centers (ICSC) has the scoop:

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been working jointly for years to develop a new model for the recognition of assets and liabilities arising under lease contracts as part of the global effort to establish uniform corporate financial accounting standards. These efforts to reconsider the standards under FAS 13 and IAS 17 are based on long held views regarding the proper theoretical treatment of operating leases and other off balance sheet arrangements.

Click here for the rest of the article.

© 2007-2012 Building Owners and Managers Association of California (BOMA Cal)