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Accounting Changes for Modifying Existing Lease Arrangements

Post-pandemic reevaluation of commercial real estate assets has ongoing accounting issues.

By Erik Sherman | August 30, 2021 at 04:50 AM

In the wake of the pandemic, companies are finding they need to reevaluate their commercial real portfolios. This is the second in a series of three articles looking at some accounting advice from Deloitte. The first article can be found here.

Perhaps nothing changes, but allocation of resources could well change after a review. Maybe businesses decide they need less office space with people working at home, or perhaps a company has people working remotely and chooses to obtain distributed temporary or flexible space rather than single large buildings for hundreds or thousands of employees. 

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