Almost every organization is evaluating brick and mortar office utilization and layout, and many are rightsizing or relocating leased spaces. This session covers the accounting treatment most often observed in practice when real estate footprints need to be adjusted. The goal is to explain and illustrate through examples the most frequently used accounting terms and show the financial statement outcome. Broad topics will include termination, abandonment, and impairment accounting.
Learning Objectives:
Understand the differences between and the financial statement outcome of the three most common accounting outcomes of shrinking real estate footprints:
- Termination
- Abandonment
- Impairment
