ATLANTA—New FASB rules take effect for 2019 for public companies and 2020 for private companies. But commercial real estate tenants should be thinking about the change now, because the standards will also require a “look-back” at lease costs for two previous years.
GlobeSt.com caught up with Nailah Tatum, a Tallahassee-based real estate lawyer with the Bryant Miller Olive law firm, to understand the wide-ranging impacts of the new rules in part two of this exclusive interview. You can still read part one: What Real Estate Tenants Need to Know About FASB Accounting Standards.
GlobeSt.com: Why is the FASB making this change?
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