Freedom and Flexibility for the Workforce, Profitability and Sustainability for the Workplace

FASB Leasing Changes Delayed

Companies now have a bit more breathing room and time to prepare for the FASB 13 changes after an announcement in April 2011 that the Board is delaying the June target date for finalizing and releasing the new standards.  FASB and IASB have determined they need more time to review feedback they received from stakeholders to ensure the final standards are of the highest quality, according to their podcast announcement.

Read the podcast transcript here

This delay is good news for companies still working to determine the best ways to prepare for the new lease reporting standards.  The fear of possibly adding hundreds of billions of dollars in assets to the balance sheet is top of mind for most companies.  Office vacancy rates and under-utilization directly contribute to impaired assets. The closer you get to a perfect efficiency measurement of revenue-per-square-foot, the less impact those impaired assets will have when the accounting rules change.

How to prepare for and reduce the impact of the new FASB reporting standards

OnBoard

Office hoteling and conference room booking

Commander BI

Office space real estate reduction

AgilWork

Training for how to work in the mobile workplace

Services

Expertise and support for workplace change

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