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FASB To Reconsider Changes

The Financial Accounting Standards Board (FASB) will be reconsidering the current accounting standards for leases over the next year, with a possible decision to be announced in 2008. The new regulations could dramatically affect the financial underpinning of sale-leaseback transactions as well as valuations for other real estate transactions.

By Erika Morphy | Updated on August 30, 2006

Erika Morphy is co-editor of Debt and Equity Journal, from which this article is excerpted.

Norwalk, CT—The Financial Accounting Standards Board (FASB) will be reconsidering the current accounting standards for leases over the next year, with a possible decision to be announced in 2008. The new regulations could dramatically affect the financial underpinning of sale-leaseback transactions as well as valuations for other real estate transactions.

The consideration of this issue–which has been formally added to FASB’s agenda–will be conducted jointly with the International Accounting Standards Board (IASB) to reflect similar changes that are underway in other countries.

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