Valuation for financial reporting - FASB/ IFRS Update & Lease Accounting
Length: 60 minutes
Accounting standards setters and policymakers around the globe are in the midst of a broad-reaching convergence project which may result in expanded use of “fair value” accounting. Such a change would likely have a dramatic impact on financial reporting of real estate assets, investments and acquisitions. Webinar participants will learn about the existing practices and convergences that are underway, as well as how auditors and investors will likely view the work of third-party subject matter experts like appraisers.
Also, FASB and IASB are engaged in a “Lease Accounting” project whereby lessors and lessees would be required to report leases (including real estate) on corporate balance sheets. Real estate industry participants have expressed concerns about the cost of compliance and the necessity of the proposal. This webinar will deliver real estate industry perspectives on the proposed lease accounting rule and alternatives that may garner support.