Lease Accounting: Market Impacts. Lease Accounting. Simplified.
|
|
- Maximillian McDaniel
- 5 years ago
- Views:
Transcription
1 Market Impacts Lease Accounting. Simplified.
2 Market Impacts Agenda Lease Accounting: All leases on balance sheet for tenants. 6 Resulting Predictions Why we believe it will be true. How the market will adapt. Marc Maiona Founder / President 28 Years CRE Leasing
3 Different Tenants Will See Different Future What is the tenant s real motivator? What part of your firm s financial statement results do you care most about --- what drives financial decision making for your firm? Are you balance sheet or P&L driven? If it s the P&L, is it the entire P&L or really just EBITDA that drives decisions?
4 Different Tenants Will See Different Future Why it matters When I know what part of your financial results are most important to your firm, I can design and negotiate your leases to improve the results you care most about. Your existing leases can often be restructured to improve that portion of your financial results you care most about.
5 Different Tenants Will Care About Different Impacts What are the impacts? Debt / liabilities on balance sheet Shareholder equity concerns Debt-to-Equity impacts EBITDA performance Net Income early in lease term Net Income later in lease term Net Income at adoption date
6 Not All Rent Is Created Equal 1 NNN Lease Structures Will Be Preferred If Not Required
7 Not All Rent Is Created Equal What will tenants ask for? Can landlords win, too? NNN charges not subject to capitalization Gross / Modified Gross Leases: Remove service components Property Taxes & Insurance in Gross Leases are not services. Which tenants care? Which buildings have an advantage?
8 Tenants Already Shifting Strategies 2 Tenants Will Shift To Longer Initial Lease Term
9 Tenants Already Shifting Strategies Renewal Options and Reasonably Certain What constitutes a significant economic incentive? Discounts Penalties Tenant improvement values / remaining useful life Strategic value 10 year lease treated as 20 year deal for accounting Look what happens to the financials is it good or bad?
10 Go Ahead, Touch The Third Rail 3 EBITDA Focused Tenants Will Prefer Finance Leases
11 Go Ahead, Touch The Third Rail EBITDA Focused Companies: The Third Rail Goes Away Operating Leases = Bad for EBITDA Capital Leases = Good for EBITDA Realization that all leases come on balance sheet. Can dramatically improve EBITDA performance potentially even just via favorable renewal options.
12 Subleasing Before and After Rules Change 4 Subleases Will Accelerate & Then Be More Painful
13 Subleasing Before and After Rules Change Subleases the math changes. Loss Calculation Tomorrow Today PV of Head Lease Rents - PV of Sublease Rent + Write off of LHI Asset - Deferred Rent Credit Liability Reduces size of loss for sublessor = Loss on sublease is larger on day 1 of sublease. How big of a difference can timing have on financial performance?
14 Should I Stay or Should I Go? 5 Early Renewal vs. Relocation Decisions Will Change
15 Should I Stay or Should I Go? How Amendments May Change Stay or Go Decisions When do you have to book the impact? Amendments = Ink on paper New Leases = Possession
16 What Language Are You Speaking? 6 Deals Will Require Greater Financial Literacy
17 What Language Are You Speaking? What CFOs hear Vacancy Rates Absorption Market conditions Construction activity Expiration date Availability What CFOs care about Net Income EBITDA Shareholder Equity Debt / Equity Regulatory Capital Assets & Liabilities
18 Marc Maiona (949) LeaseCalcs, Inc. All Rights Reserved
LeaseCalcs: Expand Without Reducing Profits? Yes!
LeaseCalcs: Expand Without Reducing Profits? Yes! Marc A. Maiona July 8, 2014 Can you Expand Without Reducing Profits? Yes, it is possible! Thinking a bit more strategically can yield a P&L neutral expansion.
More informationLeaseCalcs: How to ruin EBITDA results: Renew your lease.
LeaseCalcs: How to ruin EBITDA results: Renew your lease. Marc A. Maiona June 20, 2015 Your client just renewed their lease and wrecked EBITDA in the process If You Care About EBITDA, You Shouldn t Renew.
More informationLeaseCalcs: Blend and Extend Failure
LeaseCalcs: Blend and Extend Failure Marc A. Maiona June 6, 2016 Blend and extend failure reduced rent but reduced profits, too. Will your blend and extend strategy help or hurt profitability? Roughly
More informationLeaseCalcs: The Great Wall
LeaseCalcs: The Great Wall Marc A. Maiona June 22, 2016 The Great Wall: Companies reporting under IFRS are about to hit the wall due to new lease accounting standards. Every company that reports under
More informationThe Balance of Probabilities
The Balance of Probabilities Global Lease Accounting Changes David Brown, Head of Lease Administration APAC Sylvia Koh, Head of Corporate Consulting, APAC November 2010 Are you ready for the impact? Balance
More informationLease Accounting and Loan Covenants: What is the Impact?
Lease Accounting and Loan Covenants: What is the Impact? Monday June 26, 2017 9:15 AM 10:30 AM Presented by: Charlie Shannon Partner Moss Adams LLP 8750 N. Central Expressway, Suite 300 Dallas, TX 75231
More information«Sind Sie bereit? Noch 15 Monate bis zur Umsetzung des neuen IFRS-Standards zur Bilanzierung von Mietverträgen.» Guten Morgen und herzlich
«Sind Sie bereit? Noch 15 Monate bis zur Umsetzung des neuen IFRS-Standards zur Bilanzierung von Mietverträgen.» Guten Morgen und herzlich willkommen! Kirsten Rust Head Tenant and Landlord Representation
More informationEdison Electric Institute and American Gas Association New Lease Standard
Edison Electric Institute and American Gas Association New Lease Standard May 16, 2016 Disclaimer The information contained herein is of a general nature and is not intended to address the circumstances
More informationMONITORDAILY SPECIAL REPORT. Lease Accounting Project Update as of May 25, 2011 Prepared by Bill Bosco, Leasing 101
MONITORDAILY SPECIAL REPORT Lease Accounting Project Update as of May 25, 2011 Prepared by Bill Bosco, Leasing 101 The high volume of comment letters (780+) and numerous outreach meetings had common criticisms
More informationTHE ART OF BUSINESS VALUATION
BUSINESS VALUATIONS GROWING THE ART OF BUSINESS VALUATION Douglas A. Michel, CPA/ABV, CVA & Alex E. Kummer, CPA, CVA, Clark Schaefer Hackett THE VALUE OF YOUR BUSINESS Steve Lumley, LGI CFO BUY SELL AGREEMENTS
More informationLEASE TACTICS BLUEPRINT
LEASE TACTICS BLUEPRINT www.cbre.com/florida FOR MORE INFORMATION PLEASE CONTACT Traci Jenks, CCIM Senior Associate 904.633.2613 traci.jenks@cbre.com CBRE, Inc. Licensed Real Estate Broker LEASE TACTICS
More informationGot too Much Space? Sublease it.
Got too Much Space? Sublease it. Vincent Bajardi, CCIM Senior Advisor (314) 719-2069 vbajardi@gundakercommercial.com For those of us who have been in the real estate business during challenging economic
More informationPerspective on FASB lease accounting changes Occupiers, owners and investors weigh in at JLL seminar
Perspective on FASB lease accounting changes Occupiers, owners and investors weigh in at JLL seminar San Francisco, CA June 2010 Lease accounting overhaul to change financial reporting standards June 2010
More informationCome On and Take a Free Ride: Free Rent Concessions
Sensible Solutions for Leasing During Challenging Times Come On and Take a Free Ride: Free Rent Concessions Presented by Larry Haber Colgate Real Estate Advisors LLC Chief Executive Officer Attorney &
More informationValuation techniques to improve rigour and transparency in commercial valuations
Valuation techniques to improve rigour and transparency in commercial valuations WHY BOTHER? Rational Accurate Good theory is good practice RECESSION. Over rented properties Vacant Properties Properties
More informationMARKET SUMMARY MICHIGAN, METRO DETROIT AREA FOURTH QUARTER 2016 P LAN T E M OR AN CRES A. pmcresa.com
FOURTH QUARTER 2016 MICHIGAN, METRO DETROIT AREA MARKET SUMMARY P LAN T E M OR AN CRES A 26300 NORTHWESTERN HIGHWAY SOUTHFIELD, MI 48076 248.223.3500 pmcresa.com Connect with us for more information: Subscribe
More informationTALES FROM THE TRENCHES BY BARRY C. MCGUIRE July, 2015
AGREEMENTS FOR SALE: DEFINITION AND OPPORTUNITIES Mortgages are impossible to assume in Canada (even in Alberta) without first qualifying for the mortgage. An Agreement for Sale (AFS) is a seller financing
More informationFoundations of Real Estate Management Module 1: Real Estate Administration
Session 1: A Day in the Life of a Real Estate Manager (60 minutes) Describe and discuss the principal forms of real estate ownership, the basic ownership strategies, and the main types of ownership interests.
More informationLease Accounting Changes: Pain or Gain for Equipment Lessors?
Corporate Finance & Restructuring Lease Accounting Changes: Pain or Gain for Equipment Lessors? By Pablo Wangermann Alison Mason Bill Trent In August 2010, the International Accounting Standards Board
More informationImpact of lease accounting changes to corporate real estate
Impact of lease accounting changes to corporate real estate Overview In February 2016, the Financial Accounting Standards Board (FASB) issued its long-awaited revision to lease accounting Accounting Standards
More information47.1% of organizations concerned about their ability to implement
Leases: Not Just for the 1 Lease Standard - Statistics 10 year project In 2014, $3.0 trillion in off-balance sheet lease commitments 47.1% of organizations concerned about their ability to implement 2
More informationSection 12 Accounting for Leases Accounting by the Lessor and Lessee
Section 12 Accounting for Leases Accounting by the Lessor and Lessee 15-1 A lease is an agreement in which the lessor conveys the right to use property, plant, or equipment, usually for a stated period
More informationTHE NEW LEASE ACCOUNTING STANDARD
THE NEW LEASE ACCOUNTING STANDARD May 30, 2018 BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part
More informationLeases: A Comprehensive Update on the Joint Project
The Dbriefs Financial Reporting series presents: Leases: A Comprehensive Update on the Joint Project Bob Uhl, Deloitte & Touche LLP Trevor Farber, Deloitte & Touche LLP James Barker, Deloitte & Touche
More informationLease Accounting: Gather your data now and understand tax implications. Tuesday, December 5, 2017
Lease Accounting: Gather your data now and understand tax implications Tuesday, December 5, 2017 Presenters Chris Stephenson Principal, Business Consulting & Technology chris.stephenson@us.gt.com Rebekah
More informationWhy IFRS 16 matters to the shipping industry
www.pwc.no Why IFRS 16 matters to the shipping industry October 2017 Executive summary New lease standard to be effective 1 January 2019. Early implementation permitted together with IFRS 15 (effective
More informationMULTIPLE CHALLENGES REAL ESTATE APPRAISAL INDUSTRY FACES QUALITY CONTROL. Issues. Solution. By, James Molloy MAI, FRICS, CRE
REAL ESTATE APPRAISAL INDUSTRY FACES MULTIPLE CHALLENGES By, James Molloy MAI, FRICS, CRE QUALITY CONTROL Third-party real estate appraisal firms are production-driven businesses designed to complete assignments
More informationIMPACTS OF NEW LEASE ACCOUNTING STANDARD WHAT DOES IT MEAN TO ME? Jessica Richter, CPA.CITP, CISA Jamie Becker June 11, 2018
IMPACTS OF NEW LEASE ACCOUNTING STANDARD WHAT DOES IT MEAN TO ME? Jessica Richter, CPA.CITP, CISA Jamie Becker June 11, 2018 3 AGENDA ASC 842 Leases, ASU 2016-02 What s new Comparison with today s rules
More informationReport on 2018 Second Quarter Operating and Financial Results
Report on 2018 Second Quarter Operating and Financial Results Forward-Looking Statements This press release includes "forward-looking statements." These statements are subject to a number of risks, uncertainties
More informationNew Accounting Rules for Revenue and Leases
New Accounting Rules for Revenue and Leases CFMA Education Summit March 22, 2017 Presented by: Carole McNees, CPA, Partner, Plante & Moran, PLLC Recently released standards New guidance from the Financial
More informationFinancial Literacy Course. East High School Module 7
Financial Literacy Course East High School Module 7 What will you learn about? Your Housing Choices What is a Mortgage The Difference Between Renting and Owning Your Transportation Choices Your Housing
More informationKPMG s CFO. Webcast. Administrative
KPMG s CFO Financial Forum Webcast A Detailed Look at the FASB/IASB Revised Leases Exposure Drafts Part I (Scope, Definition, and Lease Classification) June 13, 2013 Administrative CPE regulations require
More informationGASB 87: Leases. Hosted By: Ben Lindekugel, Executive Director Association of Washington Public Hospital Districts
GASB 87: Leases Hosted By: Ben Lindekugel, Executive Director Association of Washington Public Hospital Districts November 6, 2018 Presented By Tom Dingus, CPA, Partner Dingus, Zarecor & Associates PLLC
More informationCountdown to MFRS 16 Are you ready?
Volume 6 - Issue 3 8 June 018 Countdown to MFRS 16 Are you ready? MFRS 16 sets a new turning point for lease accounting. With the requirement for most operating leases to be recognized on the balance sheet,
More informationHERE WE GO AGAIN. THE NEW LEASE STANDARD (ASC TOPIC 842) February Internal Audit, Risk, Business & Technology Consulting
HERE WE GO AGAIN THE NEW LEASE STANDARD (ASC TOPIC 842) February 2018 Internal Audit, Risk, Business & Technology Consulting PRESENTERS Edna Lopez Protiviti Managing Director edna.lopez@protiviti.com Scott
More informationIFRS 16 Leases. PICPA IFRS: New Standards and Updates Dubai. 28 April 2017
IFRS 16 Leases PICPA IFRS: New Standards and Updates Dubai 28 April 2017 1 More transparent lease accounting IFRS 16 will bring most leases on-balance sheet from 2019. All companies that lease assets for
More informationGetting to the Point Communicating Effectively in the Commercial Real Estate Market
Getting to the Point Communicating Effectively in the Commercial Real Estate Market Mark Jewell, President RealWinWin, Inc. mjewell@realwinwin.com National Conference on Building Commissioning 2 June 2009
More informationRefurbishment of. Apartments how do you calculate? Refurbishment costs and life expectancy. Refurbishment Costs. Life expectancy
Refurbishment of Apartments how do you calculate? Alexander Krüger, 2009-04-14 To calculate a refurbishment of an apartment sounds pretty simple you have costs and the advantage of increase in rental income.
More informationSelected Issues in Port Container Leasing
Selected Issues in Port Container Leasing AAPA Port Real Estate Issues Workshop Seattle, WA September 18, 2018 Tom Tanaka Deputy General Counsel Port of Seattle 1 Topics In the context of container terminal
More informationCPE regulations require online participants to take part in online questions
KPMG s CFO Financial Forum Webcast FASB/IASB Revised Lease Accounting Exposure Drafts A Detailed Look Part III: Lessor Accounting June 25, 2013 Administrative CPE regulations require online participants
More informationRetail Properties: Characteristics and Analysis Clifford J. Bogart CCIM. Welcome to Today s Simulcast!
Welcome to Today s Simulcast! Please Note: Remember to sign in (and don t forget to sign out)! Sit as close to the front as possible in the assigned seating area. Read and sign MetroTex Course Policies
More informationLeasing and Lease Form. Leasing and Lease Forms. Title Issues [p. 751] Ground Lease
Leasing and Lease Forms Residential: negotiation from standard form lease (provided by L) is nonexistent Commercial: No standard lease (term variation) In some cases, T may control form Market conditions
More informationHeadline Verdana Bold The evolutions of leases accounting under IFRS 16 Mariano Bruno, Carlo Laganà, Giuseppe Ambrosio, Deloitte & Touche S.p.A.
SHIPPING AND THE LAW 7^ Edition 25-26 October 2016 NAPLES Headline Verdana Bold The evolutions of leases accounting under IFRS 16 Mariano Bruno, Carlo Laganà, Giuseppe Ambrosio, Deloitte & Touche S.p.A.
More informationGoing global. Trouble ahead. Ongoing major projects. Where next?
Where now for IFRS? Gavin Aspden FCA ICAEW Director, Qualifications Going global Trouble ahead Ongoing major projects Where next? 1 Going global Trouble ahead Ongoing major projects Where next? IFRS jurisdictions
More informationFour (4) Factors in Investment Definition: Investment
Introductions Your name Where you work Your job responsibilities How long you have been in the industry What you hope to get from this class Chapter 1: Investments Agenda 2 Investments Adding Value to
More informationQuantifying Financial Benefits & Bankability of LEED Projects. February 14, 2012
Quantifying Financial Benefits & Bankability of LEED Projects February 14, 2012 Quantifying Financial Benefits & Bankability of LEED Projects How to Sell it to the Owner Marc Lopata, PE, LEED AP; Microgrid
More informationTypical Valuation Approaches and How to Deal With Them
Typical Valuation Approaches and How to Deal With Them January, 2018 Anthony F. DellaPelle, Esq., CRE Shareholder, McKirdy, Riskin, Olson & DellaPelle, P.C. Morristown, New Jersey Christian F. Torgrimson,
More informationLease Accounting: Are you prepared?
Lease Accounting: Are you prepared? In this paper, Savills Studley describes the importance of being prepared for the financial reporting changes for leases under the new FASB standards. For most companies,
More informationVolume II Edition I Why This is a Once in a Lifetime Opportunity for Investors
www.arizonaforcanadians.com Volume II Edition I Why This is a Once in a Lifetime Opportunity for Investors In This Edition How to make great investment returns in a soft market U.S. Financing for Canadians
More informationIFRS 16 Leases Breakfast Briefing Deloitte Financial Reporting Advisory
IFRS 16 Leases Breakfast Briefing Deloitte Financial Reporting Advisory Introduction & Agenda Session # Topic Sub-Topic 1 Overview of IFRS 16 - Introduction - Definition of a lease - Measurement of asset
More informationInterim statement from the Board of Directors for the first quarter of 2015
Regulated information - under embargo until 05/05/2015, 8 a.m. Antwerp, 5 May 2015 Interim statement from the Board of Directors Acquisition of a modern logistics site of approximately 52.000 m² in a prime
More informationAUSPL CONFERENCE 2013
AUSPL CONFERENCE 2013 Tom Samra Vice President, USPS Facilities April 2013 AGENDA POStPLAN USPS FACILITIES REORGANIZATION EMCOR REAL ESTATE TAX ABATEMENT PROGRAM AUSPL/USPS COOPERATIVE OPPORTUNITIES 2
More informationLease accounting 2019 IFRS and US GAAP Preparing for a smooth landing
Lease accounting 2019 IFRS and US GAAP Preparing for a smooth landing What s next? Q4 2017 Summary As you may already be aware, the accounting standards for lease accounting will change. This means that
More informationLike-Kind Exchange and Fixed Asset Conference
www.pwc.com Like-Kind Exchange and Fixed Asset Conference Upcoming Changes in Lease Accounting October 29, 2010 Ryan J. Dent, Senior Manager Today s agenda Introduction The future of lease accounting The
More informationEnd of Mortgage Workshop for HSA Co-ops
2017 CHASEO Fall Education Event November 25, 2017 End of Mortgage Workshop for HSA Co-ops Keith Moyer, Facilitator Workshop Agenda Introductions Historical context Funding model review Moving forward
More informationShipping insights briefing
TRANSPORT Shipping insights briefing A view of the future: 2017 bigger balance sheets! kpmg.com Nearly two and a half years ago we issued a Shipping Insights Briefing, highlighting proposed changes to
More informationAccounting and Auditing Update. Paul Lundy
Accounting and Auditing Update Paul Lundy Leases: Not Just for the Footnotes Anymore Significant Financial Statement Impact New lease standard generally requires all leases to be capitalized and recognized
More informationSubleasing Risks and Rewards: IF IT SOUNDS TOO GOOD TO BE TRUE, THEN IS IT?
Sensible Solutions for Leases During Challenging Times Subleasing Risks and Rewards: IF IT SOUNDS TOO GOOD TO BE TRUE, THEN IS IT? www.freeleaseanalysis.com Presented by Larry Haber Colgate Real Estate
More informationThe Financial Accounting Standards Board
V A L U A T I O N How the New Leases Standard May Impact Business Valuations By Judith H. O Dell, CPA, CVA The Financial Accounting Standards Board issued the 485 page Leases Standard (Topic 842) in February,
More informationLEASE FINANCING. Types of Leases
LEASE FINANCING Types of Leases Operating Leases Financial Leases or Capital Leases Sale-and-Leaseback Arrangements Combination Leases Synthetic Leases Operating Leases Payments include maintenance and
More informationChapter 15 Leases 15-1
Chapter 15 Leases 1. Why Leasing sometimes makes more sense 2. The accounting issues in recording a lease transaction 3. The types of contractual provisions in lease 4. The lease classification: capital
More informationLease Update. June 2017 Addison, Texas
Lease Update June 2017 Addison, Texas William Bill Schneider CPA, CGMA Bill is an Audit Director at AT&T. AT&T delivers advanced mobile services, next-generation TV, highspeed internet and smart solutions
More informationProcess. Thomas Dvorsky Director, Office of Electric, Gas and Water New York State Public Service Commission May 23, 2011
Electric Distribution Rate Setting Process Thomas Dvorsky Director, Office of Electric, Gas and Water New York State Public Service Commission May 23, 2011 Rate Case Schedule NY Public Service Law Requires
More informationDefinitions. CPI is a lease in which base rent is adjusted based on changes in a consumer price index.
Annualized Rental Income is rental revenue under our leases on Operating Properties on a straight-line basis, which includes the effect of rent escalations and any tenant concessions, such as free rent,
More informationFASB s 2013 Proposal on Accounting for Leases
FASB s 2013 Proposal on Accounting for Leases Frequently Asked Questions September 2013 The project on lease accounting is a joint project of the FASB and the International Accounting Standards Board.
More informationIFRS industry insights
IFRS Global Office September 2011 IFRS industry insights The Leases Project An update for the consumer business industry The tentative decision to limit the extent to which variable payments are estimated
More informationPreview of the New Exposure Draft of the Lease Accounting Project Key elements and commentary
Preview of the New Exposure Draft of the Lease Accounting Project Key elements and commentary Prepared by Bill Bosco, Leasing 101 www.leasing-101.com The Financial Accounting Standards Board (FASB) and
More informationThe Progressive Lease Option Blueprint
The Progressive Lease Option Blueprint Step No.1 Identify Landlord Seller & Property Find motivated seller or landlord who for some reason wants to move to a smaller house or wants to simply walk away
More informationThe New Lease Accounting Standard. Hunter Mink, CPA, CCIFP Brian Rosenberg, CPA, MBA
The New Lease Accounting Standard Hunter Mink, CPA, CCIFP Brian Rosenberg, CPA, MBA 1 Agenda Introduction Lease Identification and Classification Lessee Accounting Other Considerations Disclosures Impact
More informationBRIEFING SEPTEMBER needed to execute a business strategy is quickly becoming a priority for
BUSINESS CFO ROUNDTABLE BRIEFING SPECIAL EDITION UPDATE NAVIGATING THE PROPOSED LEASE STANDARD Corporate real estate considers the implications of right-of-use assets SEPTEMBER 2010 CONTENTS Executive
More informationFree Rent Concessions! in a Commercial Lease! Come On & Take a Free Ride
Free Rent Concessions! in a Commercial Lease! Come On & Take a Free Ride All Rights Reserved. POWERED BY! Table of Contents Introduction Free Rent Considerations Free Rent for an Existing Tenant Free Rent
More informationLease Options 101. Edward O Daniel
Lease Options 101 Edward O Daniel Agenda Introduction to lease options Sandwich lease options Learn multiple ways to profit in the deal Handling the paperwork involved Scenarios Property owner selling
More informationNew leases standard ASC 842 Lessee - operating leases. Itai Gotlieb, Partner, Professional Practice July 2017
ASC 842 Lessee - operating leases Itai Gotlieb, Partner, Professional Practice July 2017 Overview Under Accounting Standards Codification (ASC) 842, Leases, lessees recognize assets and liabilities for
More informationWORKFORCE HOUSING DEED OF TRUST
THIS INSTRUMENT PREPARED BY VIRGINIA BEACH CITY ATTORNEY'S OFFICE WORKFORCE HOUSING DEED OF TRUST THIS WORKFORCE HOUSING DEED OF TRUST is made this day of,, by and between, ( Eligible Buyer ), GRANTOR,
More informationGearing up for change New IFRS on Leases
Gearing up for change New IFRS on Leases In a nutshell The changes Lessee accounting Effective date: 1 January 2019 Limited changes to scope of IAS 17 Enhanced guidance on identifying a lease Lessor accounting
More informationLease Accounting Standard Update ASU Presented by: Nicholas Hoefel, CPA Manager, Audit Services Group
Lease Accounting Standard Update ASU 2016-02 Presented by: Nicholas Hoefel, CPA Manager, Audit Services Group 1 Overview Introduction Background and current environment Effective dates and transition Key
More informationTo download more slides, ebook, solutions and test bank, visit CHAPTER 21 ACCOUNTING FOR LEASES
CHAPTER 21 ACCOUNTING FOR LEASES IFRS questions are available at the end of this chapter. TRUE-FALSE Conceptual Answer No. Description T 1. Benefits of leasing. F 2. Accounting for long-term leases. F
More informationHouston office market Sublease and activity overview
Houston office market Sublease and activity overview July, 2016 What you need to know about the current state of the Houston office sublease market 1. 2. 3. 11.7 million square feet of sublease space now
More informationHouston office market Sublease and activity overview
Houston office market Sublease and activity overview September, 2016 What you need to know about the current state of the Houston office sublease market 1. 2. 3. 11.9 million square feet of sublease space
More informationPRACTICAL TIPS FOR IMPLEMENTING THE NEW LEASE ACCOUNTING STANDARD
PRACTICAL TIPS FOR IMPLEMENTING THE NEW LEASE ACCOUNTING STANDARD SHAUNA WATSON, VP, GLOBAL HEAD OF TECHNICAL ACCOUNTING MICHAEL ALLEN, PARTNER, TRANSACTION ADVISORY SERVICES 1. Overview of Accounting
More informationNEW LEASE ACCOUNTING STANDARD
NEW LEASE ACCOUNTING STANDARD Accounting Standards Update (ASU) 2016-02, Leases & GASB 87, Leases LEASES Leases: Why a New Leases Standard? 1 IMPLEMENTATION TIMELINE January 2016 IASB issued IFRS 16, Leases
More informationOKI Solar Ready Workshop Frisch s Education Center Cincinnati Zoo
OKI Solar Ready Workshop Frisch s Education Center Cincinnati Zoo Approach to Solar Energy PPA Project Finance John Merritt PNC Energy Capital, LLC 3/6/15 Solar Energy Projects: An Attractive Investment
More informationHOME PRICES OVER THE LAST YEAR
HOME PRICES OVER THE LAST YEAR Every quarter, the Federal Housing Finance Agency (FHFA) reports on the year-over-year changes in home prices. Below, you will see that prices are up year-over-year in every
More informationReleased: February 8, 2011
Released: February 8, 2011 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 10 Topics for Home Buyers, Sellers, and Owners 13 Brought to you by: KW Research Commentary Gradual
More informationOperating Leasing and IFRS 16
Operating Leasing and IFRS 16 How IFRS 16 affects lessees? How can simplifications benefit lessees? Why operating leasing remains attractive? How Autohellas Hertz can support you? Q&A Question Who is affected?
More informationPlease Don t Go. Long-Term Resident Retention #APARTMENTALIZE. Wednesday, June 13, :30 PM 1:30 PM. Sponsored by
Please Don t Go Long-Term Resident Retention Wednesday, June 13, 2018 12:30 PM 1:30 PM Sponsored by Meet the Experts Anna Geary Alexandra Jackiw Mindy Price Lori Valenti-Webb Jamie Matusek President President
More informationBUSINESS PROPERTY LEASES
What is a lease? Freephone 0800 083 8018 BUSINESS PROPERTY LEASES 1 FACTSHEET 3 (2018) A lease is a legal agreement, drawn up in writing, which allows you to occupy and use a property for a certain length
More informationFarmland Leasing Update. Mykel Taylor Kansas State University January 9, 2017
Farmland Leasing Update Mykel Taylor Kansas State University January 9, 2017 Returns over Total Costs ($/ac) Net Farm and Ranch Income $230,000 $180,000 Net Income Per Operator Dryland Crop Cowherd $130,000
More informationREAL ESTATE PERSPECTIVE ON NEW LEASE ACCOUNTING STANDARDS
VALUATION & ADVISORY REAL ESTATE PERSPECTIVE ON NEW LEASE ACCOUNTING STANDARDS BY JOHN CORBETT, MAI, ASA, FRICS AND MARC R. SHAPIRO, MAI, MRICS INTRODUCTION The Financial Accounting Standards Board (FASB)
More informationAchieved record annual revenues of $110.0 million for 2018, representing an increase of 5.8%
Clipper Realty Inc. Announces Fourth Quarter and Full-Year 2018 Results Reports Record Annual Revenues, Record Annual Income from Operations and Record Quarterly and Annual Adjusted Funds from Operations
More informationAnalyst Presentation 12 February 2018
Analyst Presentation 12 February 2018 Disclaimer This presentation is not an offer or an invitation to sell or exchange securities, or a recommendation to subscribe, buy or sell ANF Immobilier securities.
More informationINVESTOR PRESENTATION MAY 2013
INVESTOR PRESENTATION MAY 2013 Forward-Looking Statements This presentation includes forward-looking statements. These statements are subject to a number of risks, uncertainties and other factors that
More informationIAG Conference Accounting Update Emerging issues in the public sector 20 November 2014 Michael Crowe Yannick Maurice
www.pwc.com.au IAG Conference Accounting Update Emerging issues in the public sector 20 November 2014 Michael Crowe Yannick Maurice Agenda Introduction Key topics o Fair value o PPP Projects Refinancing
More informationRESI Update 4 th Quarter 2016
RESI Update 4 th Quarter 2016 Supplemental Investor Information George Ellison, CEO Robin Lowe, CFO 2017 Altisource Residential Corporation. All rights reserved. Forward Looking Statements This presentation
More informationCFA Level 1. Financial Reporting and Analysis. Non-current Liabilities
CFA Level 1 Financial Reporting and Analysis Non-current Liabilities 2011, Associate Professor Ole Sørensen, Ph.d. Side 1 Coupon Bonds Promises two types of payments: periodic interest payments and a lumpsum
More informationWho Are We? OUR MISSION
Who Are We? In Integrity Investments LLC is a professional, full service real estate solutions firm that buys and sells properties throughout the Northen Nevada and Denver area. We specialize in buying
More informationPREVIEW OF CHAPTER 21-2
21-1 PREVIEW OF CHAPTER 21 21-2 Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 21 Accounting for Leases LEARNING OBJECTIVES After studying this chapter, you should be able to: 21-3
More informationInside the Locked Box
July 2012 Capital Agenda Insights Inside the Locked Box Boardroom issues Are you considering an acquisition or divestment in the short-to-medium term? Could your transaction be subject to unexpected value
More informationLA Area Chamber of Commerce Energy & Environment Committee
LA Area Chamber of Commerce Energy & Environment Committee Green retrofits are the single most important measure that corporations and real estate owners can take to reduce their operating costs, raise
More informationOn the Horizon: Leases and Fiduciary Responsibilities
On the Horizon: Leases and Fiduciary Responsibilities Dean Michael Mead, Research Manager Florida School Finance Officers Association November 11, 2015 The views expressed in this presentation are those
More information