The Financial Accounting Standards Board (FASB) has issued an Exposure Draft that proposes a framework for the board to consider when it develops future financial standards. It consists of a proposed chapter for the conceptual framework on financial reporting that would cover the display of line items, totals and subtotals on the financial statements.
This offers NAREIT member companies an opportunity to give the board input on how to develop a conceptual framework for financial statement presentation requirements that could better communicate the performance of REITs.
NAREIT members interested in participating on a task force that will evaluate the proposal and assess whether NAREIT should develop a response should contact Christopher Drula, NAREIT vice president for financial standards, at firstname.lastname@example.org by Sept. 15.
(Contact: Christopher Drula at email@example.com)