Key Process Decisions: Above/Below Market Adjustments
Including above/below market adjustments
in a separate accounting schedule:
▪ Concluded adjustment entered in the
Favorable (Unfavorable) Lease field in a
separate accounting schedule within the
lease record
▪ Separate schedule includes an opening
ROU asset adjustment and go-forward
amortization entries
▪ Best practice: unique Expense Type to
differentiate from lease accounting
schedule
▪ Allows for ongoing lease accounting entries
while valuations are in process
▪ Need to maintain two lease schedules in a
record
− Can consolidate into one schedule upon
remeasurement
RSM | 20
