New Accounting Decision Delayed to 2013
For at least two years there has been a lot of concern in the commercial real estate world about coming changes to the accounting standards in the US. A switch to Global Standards potentially meant a change in the way many US companies will need to handle leases on their balance sheets. The projected change was expected to be in 2013. Well, it looks like not even a decision will be made until 2013 with the actual changes not being effective for a couple years thereafter.
See attached Wall Street Journal Article: Delays in Accounting Changes