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How the New Revenue-Recognition Standards Affect CRE

IRVINE, CA—The FASB recently changed revenue-recognition standards, introducing many new aspects that will take effect over the next two years. Haskell & White’s Hogi Kurniawan explains to GlobeSt.com how they impact developers and brokers.

Hogi Kurniawan Kurniawan: “The updated guidelines put a greater emphasis on details, judgment and disclosures aiming to improve comparability and increase consistency across industries.”

IRVINE, CA—The Financial Accounting Standards Board recently changed revenue-recognition standards, introducing many new aspects that will take effect over the next two years. GlobeSt.com spoke with accounting firm Haskell & White’s senior audit manager Hogi Kurniawan about the new standards and how they will impact commercial real estate developers and brokers over the next two years.

GlobeSt.com: Please explain the new revenue recognition standards that are sure to impact the real estate industry next year.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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