Three Hidden Real Estate Lease Accounting Challenges
Published October 30, 2018
The functionality of dedicated real estate lease management systems has been evolving over the past three decades, and corporations are increasingly availing themselves of these specialized systems to centralize and consolidate management of their real estate leases, so accessing the data required to transition real estate leases to the new lease accounting standards should be fairly simple, right? While these systems will certainly help, many companies are finding that the accounting for real estate assets is trickier than expected. There are three big challenges that companies with large real estate lease obligations are encountering when transitioning to the new standard.