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Chris Dubrowski, a partner at Deloitte LLP, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
Dubrowski said the Financial Accounting Standards Board (FASB) is working to address differences between how acquisitions of operating properties are treated domestically and internationally.
Russell Golden, chair of the Financial Accounting Standards Board (FASB), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
Golden addressed the question of whether the proliferation of financial reporting that doesn’t adhere to Generally Accepted Accounting Principles (GAAP) reporting means that the GAAP income statement needs to be examined.
Chris Dubrowski, partner at Deloitte LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Dubrowski outlined how companies are preparing for the new revenue recognition standard issued by the Financial Accounting Standards Board (FASB). He acknowledged the difficulty in understanding new rules until they are applied to actual transactions. “I’m telling people to think about the different ways you recognize revenue within a REIT and think about whether those might be impacted,” he said.
