FRS 12: Guidance on implementation for corporate real estate managers
Howard Cooke
(Managing Director, Fraser Corporate Real Estate Ltd, 5‐11 Theobald’s Road, London WC1X 8SH, UK; Tel: +44 (0)20 7312 1950; Fax: +44 (0)20 7404 7411; e‐mail: hc@frasercre.com)
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Abstract
Financial Reporting Standard 12 was introduced in 1999 with no guidance notes on how to deal with property. The key points of this paper consider how real estate needs to be dealt with: corporate real estate managers need to assess liability, before considering whether it is material; the sums to be discounted; and annual reviews needed.
Keywords
Citation
Cooke, H. (2004), "FRS 12: Guidance on implementation for corporate real estate managers", Journal of Corporate Real Estate, Vol. 6 No. 4, pp. 309-324. https://doi.org/10.1108/14630010410812450
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited