Curated Content Articles

Articles selected by the Scribcor Global team.

Office Building Owners Drown in Tide of Sublease Space

Companies throughout the U.S. are flooding the market with office space to sublease as landlords already face weak demand as firms embrace hybrid work models. Read the rest of the story on WSJ's website.

FASB Improves Discount Rate Guidance for Lessees that are not Public Business Entities

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves discount rate guidance for lessees that are not public business entities—including private companies, not-for-profit organizations, and employee benefit plans. ...

Retail Tenants and Landlords Evaluate Potential New Rent Arrangements due to COVID-19’s Impact on Sales

Many retailers are demanding better terms from landlords as the COVID-19 pandemic slows sales, such as paying a percentage of their sales as rent rather than a fixed monthly or quarterly fee. To offset some of the new risks, landlords are seeking to include a portion...

IASB Proposes Coronavirus Relief on How Companies Account for Their Rent Concessions

Under the current ASC 842 lease accounting rules, rent concessions and other lease modifications could trigger the remeasurement of right of use assets and lease liabilities for each lease affected.  If you report under the international standard IFRS 16, help is...