This interactive half day session will provide an introduction to a range of property accounting principles which impacts decisions around owned and leased assets. The session is crucial for tenants/ occupiers (and their advisors) but also property accountants looking to understand tenant/occupier drivers and strategies and owners wanting to understand how tenants account for property costs. The session will cover the following issues; Introduction to some key accounting principles (balance sheet, EBIT, EBITDA & Cashflow) What are the accounting priorities of different tenants. WACC rates and discount rates – Risk and impact on yield Different accounting standards IFRS v’s GAAP Leasehold Assets – impact on balance sheet and depreciation (IFRS16) Freehold and Capital assets – impact on balance sheet and depreciation Owned v Lease analysis Treatment of incentives on balance sheet, P&L and cashflow. Write downs and provisioning Make Good Provisioning Financial analysis and accounting of a property transaction incl. Purchase, lease, sublease, disposal, lease surrender The session is led by Mark Daniel MRICS – Mark is a Chartered Surveyor with more than 25 years of experience in the corporate real estate industry. Mark focuses on advising large Australian organisations on both the development and implementation of real estate strategies, transactions, feasibilities and property systems. FAQs How can I contact the organiser with any questions? Should you required further information regarding this training session, please don’t hesitate to contact the Training team on TrainingAustralasia@rics.org Can I update my registration information? Yes, you can update the information on your order by clicking your order on the Tickets page. First, access the account menu, then select «Tickets.» Second, select your order. Third, select “Edit” to update your information. Once you’re done, select “Save” to save changes. Is it ok if the name on my ticket or registration doesn’t match the person who attends? It is advisable to provide accurate information for attendees as certificates are based on information you provided. Reschedule or Cancellation of Training Due to the nature of training, we may require to reschedule or cancel due to unforeseen circumstances. We will do our best to email all attendees as soon as possible, should this occur. Should a reschedule or cancellation occur, RICS will not be responsible for any costs, damages or expenses (i.e. travel) etc… that you may suffer or incur.
