White Paper: The same lease will have different accounting impacts for different companies?!?

The long awaited, and greatly debated, changes to lease accounting standards under GAAP and IFRS are upon us. As CRE teams and their colleagues in corporate finance move toward implementing these new standards, many are surprised by the financial statement outcomes.

LeaseCalcs’ latest white paper, as published in Corporate Real Estate Journal, explains why two identical leases will yield very different accounting impacts for different companies, and – more importantly – how those differences affect balance sheet, shareholder equity, net income and EBITDA outcomes.

The paper discusses why despite the fact that the FASB’s and IASB’s stated intentions were to achieve consistency and transparency in lease accounting, neither objective was really achieved. CRE executives looking to make an impact with the C-Suite need to understand these nuances in order to adjust strategies going forward.

The forthcoming Part 2 of this paper will focus on steps CRE directors, their advisors and counterparts in finance can take to optimize various financial impacts in light of the new standards.

Are you ready for the new lease accounting standards?

Recent surveys from the Big 4 show companies expect implementation of the new lease accounting standards to cost millions and take months, if not more than a year, to complete.

LeaseCalcs’ customers are proving them wrong!

In eight minutes, you’ll learn how LeaseCalcs’ customers:

• Negotiate better leases
• Improve accounting processes
• Make their corporate real estate, finance and accounting teams more efficient
• Automate journal entries, all mapped to their ERP system(s)
• Get real estate and equipment lease functionality in one platform

What makes LeaseCalcs so different?

LeaseCalcs was developed in response to the challenges brought on by the new standards from the FASB and IASB, and is already in use by some of the largest global companies to handle current and new lease accounting, under GAAP or IFRS – or both!

Ready to learn more?

View the video or schedule a demo to get a personalized insight and see how LeaseCalcs will help you save tremendous amounts of time and money while you comply with the new accounting standards.

LeaseCalcs’ game changing upgrade, RE:Port, is now a part of the Broker Edition

RE:Port is the new game changing upgrade to LeaseCalcs’ Broker Edition, giving brokers the unique opportunity to add even more value to their clients through our robust, yet intuitive, portfolio-wide financial reporting, analytics, lease accounting and administration tools.

RE:Port enables brokers to support clients with smaller lease portfolios with the same tools the “big” tenants use to manage and administer all of their leases, without an additional cost. RE:Port packs powerful portfolio-wide dashboards, analytics and insights, giving brokers a whole new way to collaborate with clients in real time and automatically generates lease abstracts, critical date alerts and even creates the custom reports clients need to get deals approved, all while solving the challenges of the new lease accounting rules.

Unlock the next level of lease accounting

If you are an existing subscriber to the Broker Edition of LeaseCalcs, you already have the RE:Port capability added to your account, at no additional charge. To activate RE:Port and all of its value, all you need to do is follow a few simple steps best described in this video:

Still not a LeaseCalcs subscriber, but interested in learning more?

Imagine knowing in minutes how any deal impacts your client’s earnings, EBITDA and shareholder equity. What if you could easily adjust the negotiations to improve the outcome?

Let’s talk! Schedule a live demo of LeaseCalcs at your own convenience and learn how LeaseCalcs is a true differentiator for brokers all around the world.

Home of the “Wicked Smart” Brokers

Following a couple days in Boston, I’m reminded Boston draws the best and brightest college students to Harvard, MIT and many other great universities. But Boston’s commercial real estate brokers are smart, too! Why?

All 5 of the 5 largest brokerage firms in Boston (not to mention several others), use LeaseCalcs to provide their clients with better analyses, advice and financial insight on their transactions. Along the way they’re helping their clients deal with the new lease accounting standards and getting better market intelligence for themselves.

Now that’s smart!

Lease accounting is a hot topic at Cresa’s Spring Meeting in Phoenix

Honored to be spending a few days in Phoenix with our friends at Cresa for their annual Spring Meeting. We provided education and training around the way the new lease accounting standards from the FASB & IASB will affect their clients and their deals.

Smart brokers never stop learning and adapting, and Cresa has the knowledge and the technology – LeaseCalcs – to be able to help companies deal with this sea change in lease accounting.

What’s Your Competitive Advantage?

We were in Boston and Denver last week with existing and new LeaseCalcs subscribers — Avison Young Transwestern, and Colliers International, and were reminded of a great rivalry in sports.

Commercial real estate brokerage isn’t all that different from the NFL; key players, special teams, position players and exceptional strategy determine the winners. LeaseCalcs helps these firms, and others like CBRE, Cushman & Wakefield, JLL, Newmark Grubb Knight Frank, etc., elevate their game and win more often. Get LeaseCalcs to win more often!

Save the Date: FEI’s “The New Lease Accounting Standard Conference: What You Need to Know”