Monthly Archive: March 2011

Mar 12 2011

MAJOR CHANGES TO LEASE ACCOUNTING

Major changes are being proposed for lease accounting and those entities that prepare their financial statements in accordance with generally accepted accounting principles (GAAP) should be monitoring the changes that are being proposed.  The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) initiated a joint project in 2010 and issued an …

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Mar 12 2011

The importance of an automated Lease Management process

The importance of an automated Lease Management process During challenging economic times like these, it is critically important that property lease documents and its data be easily accessible and accurately represented by the managers of the property.   Property owners and managers that are not strategically using a well-defined repeatable process and lease abstracting software to …

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