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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:

Journal of Corporate Real Estate

ISSN: 1463-001X

Article publication date: 1 October 2004



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.



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.



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Copyright © 2004, Emerald Group Publishing Limited

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