Click on the link below and read the best explanation I have seen on the proposed changes to GAAP and how it will affect companies. I am not an accountant and have been plodding through a number of white papers to understand this issue. KBA Lease Services breaks down the issue in a concise, clear manner. I strongly urge business owners both large and small to take a moment to read this article.
Lease Accounting Changes under GAAP and How It Affects Commercial Real Estate
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Thank you for your voicing your opinion on our blog posting. The details of the pending changes are complex and the implications are huge. The more education we can provide the better for our colleagues and clients.