3/29/2018 | By Nareit Staff
Kristen Naughton, senior director of financial reporting and technical accounting at Aimco (NYSE: AIV), participated in a video interview at Nareit's REITwise: 2018 Law, Accounting & Finance Conference in Hollywood, Florida.
Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 180 communities in 22 states and the District of Columbia.
Naughton commented on Aimco’s efforts to implement the Financial Accounting Standards Board’s (FASB) new Revenue from Contracts with Customers standard, which is now in effect for public companies.
Naughton also discussed the impact of changes in how partial sales of real estate are treated; whether REITs must account for non-lease components if they haven’t adopted the FASB lease standard; and whether disclosures are required in advance of adopting the FASB lease standard.