FASB租赁会计建议

8月17日, 2010, 财务会计准则委员会(FASB), an independent body that establishes accounting standards for the private sector that are recognized by the Securities and Exchange Commission as authoritative, issued an Exposure Draft detailing proposed changes to standards governing how landlords and tenants account for their leases. The proposed changes are intended to increase transparency for investors by, 在其他方面, requiring that the full long-term payments associated with the leases be shown on the balance sheet of the tenant as liabilities. Renewal options and contingent rents would be included when calculating liability under lease agreements. Operating leases would be capitalized and represented as current liabilities. Under the Final Rule, the standards for public companies must be implemented by 2019.

问题

8月17日, 2010, 财务会计准则委员会(FASB), an independent body that establishes accounting standards for the private sector that are recognized by the Securities and Exchange Commission as authoritative, issued an Exposure Draft detailing proposed changes to standards governing how landlords and tenants account for their leases. The proposed changes are intended to increase transparency for investors by, 在其他方面, requiring that the full long-term payments associated with the leases be shown on the balance sheet of the tenant as liabilities. Renewal options and contingent rents would be included when calculating liability under lease agreements. Operating leases would be capitalized and represented as current liabilities. 

The business community and the real estate industry in particular were concerned that the proposed changes would have a negative impact upon businesses, without achieving the goals of increased transparency for the investor community. The proposed standards would dramatically increase the level of debt that appears on some corporate balance sheets, without there being any real change in the economic condition of the tenant. This could create disincentives to tenants to enter into long-term leases, 加大项目融资难度.

NAIOP,美国.S. 商会, and associations representing insurance and financial services, 等, 签署了一份 联盟的信 setting forth specific concerns and urging a delay in implementation of final standards. NAIOP也提交了自己的申请 评论信 于2010年12月10日被送交美国财务会计准则委员会. 最终规则由FASB于2016年2月发布, and the standards for public companies must be fully implemented by 2019.

位置

NAIOP反对FASB改变租赁会计准则. The standards would have a negative effect on the duration of lease terms, lessen the availability of capital for real estate development, 会计的复杂性增加, and add substantial administrative costs for compliance with the new standards. FASB should undertake a comprehensive review of the economic impact that such a change would have on the commercial real estate industry before final implementation of the rule is required.

状态

5月16日, 2013, FASB及其国际同行, the International Accounting Standards Board (IASB) issued a Revised Exposure Draft of the leasing standards.  While some revisions were made by FASB in response to concerns raised by the real estate community, leases would still have to be carried on company balance sheets. FASB has issued he Final Rule, and public companies must implement the standards by 2019.

谈话要点

  • FASB's lease accounting standard would result in lessees incentivized to choose shorter lease terms, 没有续约选择或或有租金规定. To do otherwise would increase their front-end costs and reduce their earnings, 对他们的股票价值产生了负面影响.
  • Lessees would have to document and disclose their future renewal intentions and what rents they expect to pay, 影响他们与房东的谈判姿态.
  • Property developers work hard to attract creditworthy tenants and sign them to long-term leases in order to obtain better financing and valuation terms. 因为这些标准鼓励短期租赁, they could lead to a reduction in the availability of capital for both lessees and lessors.
  • 投资者(如养老基金), 保险公司, and others) choose real estate in order to match assets to their long-term obligations, and shortened lease terms will undermine the attractiveness of real estate assets for these purposes.
  • The proposed standards 会计的复杂性增加 and subjectivity. Lessees will need to estimate the likelihood of lease renewals and the exercise of options that may take years if not decades into the future under existing lease arrangements. They will also have to estimate payments and contingent rents that are not true current liabilities.
  • Administrative and operating cost increases will be substantial. Lessees and lessors of investment real estate with a multitude of lease transactions will face added costs in terms of changes or additions to their information technology systems, increased complexity in their financial accounting and reporting processes and their internal controls.

资源

Text of the Revised Exposure Draft is available on FASB website at www.美财会委.org

The Economic Impact of the current IASB and FASB Exposure Draft on Leases 

NAIOP 2010年12月10日给FASB的评论信 

2010年12月8日给FASB的信 

联系

拉齐奥苏亚雷斯
政府事务高级副总裁
, ext. 115