Reflecting Operating Leases On The Balance Sheet

Law360, New York (July 19, 2011, 3:48 PM EDT) -- After several months of speculation, the consensus among real estate and accounting professionals is that tenants will be required to report operating leases on their balance sheets in coming years. This major change in treatment will be prompted by changes anticipated to be made to the rules of the U.S. Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (the governing body for G20 companies and U.S. companies whose financial statements are being used outside of the U.S.).

The purpose of this change...
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