CoreNet Global has published a new whitepaper entitled Real Estate Technology Disconnect? Industry platforms appear to lack integration with company systems, a factor that could inhibit lease accounting changes.
By Jack Heine
CRE and Finance Must Assess Current Systems’ Capability to Avoid Financial Reporting Chaos in FY2013 The new FASB and IASB lease reporting standards, currently in the final stages of review and still subject to modifications (see Note #2), will place significant new demands on CRE and Financial reporting systems. Some estimates place compliance as early as FY2013.