MacRo LTD Blog

Landlords Likely Exempted from New Lease Accounting Rules

The following excerpt is from CoStar news article by Randyl Drummer.

Frederick Commercial Real EstateNew accounting standards changes requiring companies to capitalize real estate and equipment leases on their balance sheets will not apply to commercial property owners and landlords.

“The International Accounting Standards Board (IASB) and the U.S.-based Financial Accounting Standards Board (FASB) signaled at their meetings Oct. 19-20 that they will exclude lessors and owners of investment properties from the proposed rules. The panels expect to issue a revised exposure draft of the lease accounting standard in the first half of next year, with adoption of a final standard targeted for the second half of 2012.”

Click Here to read the complete article.

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