Real estate footprints are changing now more than ever. Right sizing square footage and shifting locations sometimes trigger abandonment, impairment, or termination lease accounting rules. Growing through mergers and acquisitions triggers business combination lease accounting rules. Choosing to utilize flexible office space can impact assets and liabilities on the balance sheet.
Knowledge is power. Knowing the impact of real estate transactions on financial statements can help inform decisions.
After completing this course, you will be able to:
- Describe the differences between termination, impairment, and abandonment lease accounting rules
- Analyze the P&L impacts of discontinuing the use of a leased asset
- List key components of business combination lease accounting rules
- Determine if a flexible office arrangement needs to be presented on the balance sheet
CPE Credit Information
Subject Area: Accounting
Course Level: Overview
Instructional Method: Group Internet Based
Prerequisites: None
Advanced Preparation: None
