Thought Leadership
5 Things to Know. Right. Now. About ASC 842 / IFRS 16 / GASB 87 Adoption
If your firm is adopting the lease accounting standard for the first time, there is an endless sea of information available to learn from. It can be overwhelming to sift through the technical and practical guides, some of which contradict each other when it comes to...
Year End Lease Administration in a 2020 World
This year, it is more important than ever to prepare for year-end lease administration activities. During a year where some leases were modified for pandemic related reasons, some lease assets are impaired, expenses for health and safety efforts increased, physical...
Preparing for Potential Disruption – Three Concerns
Heightened concern over the spread of coronavirus is building worldwide consistent with the increase in number of confirmed cases. The virus has been reported in the Chicago area and proactively, like many other firms, we are taking steps to confirm that we are able...
National Retail Tenants Association “Expanding Knowledge Conference”
There are just a few days until we head out to the 2018 NRTA Expanding Knowledge Conference in Houston, Texas. From Sunday Sept. 30th until Wednesday, Oct. 3rd, we'll be at Booth #11 at the Houston Marriott Marquis for one of our favorite annual events. Furthermore,...
Denise Hinkle quoted in Forbes article about What World-Class Companies Know About Lease Administration
The best lease administrators have a tripod of essential skills in their arsenal. The first is the ability to read and interpret legal language in a lease. Lease administrators need to interpret what is being conveyed by the lease language and understand that the...
Good Help is Hard to Find
Finding top tier talent. It is a task that is either very easy or very difficult, depending on who you are as a company and what specifically you are looking for. For us at Scribcor Global Lease Administration, the perfect fit requires a combination of skills –...
The Real Lease Accounting Challenge and Opportunity – Equipment Leases
Recently, we have been having a great deal of discussion around equipment leasing and the effect of the new accounting standards on that segment of business activity. Our work with our real estate client teams has naturally focused on the accounting changes for real...
Let’s Get It Right – Negotiated Lease Charges vs. Reality
We all know how much time, energy and money is invested in crafting a commercial lease. The process can be drawn out and arduous. But at the end of the negotiations, the lease is drawn up and signed by the landlord and tenant. The tenant takes occupancy of their...
T-Minus Six Quarters
Recently I attended a conference presented by Financial Executives International in Philadelphia. There were two accounting topics presented during the two-day conference – one on the new Revenue Recognition Standard (ASC 606) and the second on the new Lease...