TUCSON LUNCH & LEARN: PRESENTED BY CRETucson NEW ACCOUNTING RULES 101 Will Affect Your Business!
Presented by Commercial Real Estate Group of Tucson LLC and Beach Fleishcman PLLC
New FASB rules will require you to report COMMERCIAL REAL ESTATE OPERATING LEASES on your balance sheet as an UPFRONT LIABILITY. The new rules affect FINANCIAL STATEMENTS STARTING as early as 2017.
The BAD News: Adds new massive liability, affecting • the valuation of your business • ability to attract investors • ability to get bank loans • current bank loans
The GOOD News: Reduces P&L pressure in a lease amendment Saves profits in an expansion Adds leverage to lease renewal negotiations.
FIRST STEPS– GET YOUR COMPANY READY! 1. Determine if your lease is covered. 2. Talk with Commercial Real Estate Group of Tucson to create a corporate real estate strategy that best responds to accounting changes. 3. Prepare new financial statements for reporting under the new rules.
Watch a video introduction to this critically important topic HERE.
Register today for this critically important training!
University of Phoenix, Room 116, 300 S Craycroft Rd, Tucson, AZ 85711
Wednesday May 10, 2017
11:30 AM to 1:00 PM
- Members, no cost, Non-Members $15.00
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