15 Things You'll Need to Know About Every Lease for New FASB Standards

Posted by Amber Bigler Newman

10/8/15 6:31 PM

fasb lease accounting standardsThe final new FASB lease accounting standards are expected to be announced anytime between now and the end of the year.

Companies that don’t begin preparing now will find themselves in the position of scrambling to avoid damaging penalties and likely use up a great deal of time and money. This can be avoided, but the window of opportunity to be proactive is closing quickly.

There's no way around it, complying with the new standards is going to be challenging for most companies. One thing that you can start doing right away to smooth the implementation of the new standards is gather the data you'll need. Capitalizing  a lease under the new FASB guidelines will require the following 15 pieces of information about each lease longer than 12 months, including existing leases:

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Topics: FASB

AMTdirect is Hitting the Road for the NRTA Annual Conference

Posted by Amber Bigler Newman

8/31/15 6:02 PM

We’re proud to be a platinum sponsor of the National Retail Tenants Association’s 2015 Annual Conference in Orlando on September 27 – 29th.  It will be here before we know it, so we are working hard to deliver an educational, entertaining and fun experience for everyone that drops by our booth.

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Topics: Retail, FASB, Events

Playing a Little Golf for a Great Cause

Posted by Amber Bigler Newman

8/13/15 5:20 PM

AMTdirect is proud to be a sponsor of Ace & TJ's Grin Kids, a Charlotte non-profit organization that enhances the lives of terminally ill and chronically handicapped children ages 5 through 12, by taking them and their entire family on a once in a life time trip to Disney World.

Each year, we are delighted to be involved with the organization’s Charity Weekend including a silent auction and golf tournament.

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Topics: AMTdirect Team

Real Estate Management Software vs. Excel

Posted by Amber Bigler Newman

7/21/15 6:42 PM

I am a huge fan of Microsoft Excel. For three years I worked at a start-up that made Excel spreadsheets available to multiple users at once in the cloud. I once built a spreadsheet that housed all my family meal recipes, I could select what I wanted to cook for the week then run a macro to get my grocery list.  I’m an Excel kind of a girl.

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Topics: Lease Administration, Corporate Real Estate, Technology

Busted! 5 Myths about Lease Administration Software

Posted by Amber Bigler Newman

7/16/15 7:38 PM

We get it. Selling lease administration software is not easy. But unfortunately, some who do it have allowed a series of incorrect assumptions to grow roots in the minds of their prospects. We think it’s time to pull the weeds.

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Topics: Lease Administration, Technology

Now is the Time to Prepare for the New FASB Lease Accounting Standards

Posted by Amber Bigler Newman

7/10/15 5:50 PM

The new lease accounting standard proposed by the Financial Accounting Standards Board (FASB) profoundly changes the rules that govern accounting for real estate and equipment leases. Under the proposed new rules, companies would be required to recognize the assets and liabilities resulting from leases (including existing leases) of more than 12 months in duration based on the present value of lease payments. The change will result in very real consequences for corporate financial statements.  Although the standards aren’t expected to be finalized until the third quarter of 2015, and they likely won’t go into effect until 2018, now is the window of opportunity for CFOs and corporate real estate teams to prepare to minimize the impact.

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Topics: Real Estate Accounting, Lease Administration, FASB, Corporate Real Estate

AMTdirect Insights Blog

Your home for great information about what's going on at AMTdirect, trends in corporate real estate, industry specific analysis and posts from our favorite guests.