LEED, ADA and FASB
LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN is a green building certification program that recognizes best-in-class building strategies and practices. To receive LEED certification, building projects have to satisfy prerequisites and earn points to achieve different levels of the certification. Prerequisites and credits differ for each rating system mentioned below:
BD+C: Building design and construction
ID+C: Interior design and construction
O+M: Building Operations and Maintenance
ND: Neighbourhood development
AMERICAN DISABILITY ACT was a legislation that passed in 1990 that prohibits discrimination against people with disabilities stating that private employers, state and local governments, employment agencies and labor unions are prohibited from discriminating against a disabled person in employment, transportation, public accommodations, communications and government activities. As such employers and in our case building owners, landlords and developers are required to make reasonable accommodations in order for the disabled person to perform their job function.
FINANCIAL ACCOUNTING STANDARDS BOARD concerns proper accounting techniques for Leases: Sale-Leaseback Transactions Involving Real Estate, Sales-Type Leases of Real Estate, Definition of the Lease Term, and Initial Direct Costs of Direct Financing Leases.
Governed under the FASB is: accounting for Leases,that define the lease term, the accounting by a lessor for sales-type leases of real estate that provide for the transfer of title, and the accounting for initial direct costs of direct financing leases.