WordPress - Web publishing software
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WordPress - Web publishing software
Copyright 2003-2010 by the contributors
WordPress is released under the GPL
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February 21, 2010
Lucernex expert Jim Duport discusses GAAP sublease accounting.
GAAP Sublease Accounting
Summary of GAAP/FASB Accounting for a Loss Associated with a Sublease
Our interpretation of GAAP sublease analysis according to FASB accounting rules is as follows:
Overview: Start by determining the net present value of all rental costs including write-offs of depreciation and subleasing costs, offset by the sublease income (the NPV write-off). The Income Statement (Profit & Loss statement) is then charged the NPV write-off and it is charged an interest expense based on a declining balance of the NPV write-off, the accretion interest expense. The declining balance is determined by taking the net monthly costs (including sublease income) and the interest expense and deducting that cost from the NPV write-off.
Steps are as follows:
February 14, 2010
Lucernex expert Jim Duport describes the important of the P&L statement and compares use of Cash flow analysis vs P&L analysis.
Intended for Corporate Real Estate Managers and Tenant Rep Brokers.
Importance of P&L?
First and foremost, in a corporation the cost charged to a manager’s budget is the PreTax P&L, not the Cash Flow. Since performance evaluations and bonuses are based on budgets, it is important to know how the impact of an action (e.g. leasing space) impacts the budget.
Profit & Loss (P&L) is what companies use when reporting financial results. A company’s P&L is perhaps more important than its Cash Flow. It shows whether or not a business has achieved its primary objective – earning a profit.
You have probably heard people say, “Profitability is key.” Profitability is different from Cash Flow. Profitability is the number reported to Wall Street and quoted in newspapers in earnings per share (EPS).
February 10, 2010
Lucernex expert and President Joe Valeri (see Joe’s management summary here) provides a start to the conversation.
The term “Integrated Workplace Management Systems” or “IWMS” was coined by Michael Bell formerly of The Gartner Group. This new term was then used as the basis for producing an IWMS market assessment including a Gartner Magic Quadrant. This type of assessment is commonly produced by Gartner to compare technology vendors in many industries. Without a common term, in this case IWMS, there would have been no way to ‘lump’ a bunch of vendors together into a comparison document. In reality, at the time the term was coined, the vendors thrown into the IWMS bucket were very dissimilar and often addressed very different markets. Since then, however, using the IWMS blueprint provided in the IWMS market analysis containing the Magic Quadrant, the vendors have actually enhanced their products, changed messaging and in some cases merged to better fit the image of “IWMS”. While features of the vendors have grown more similar, they remain different in some very important ways, most notably their expertise in specific customer bases and specific functionality that addresses that base.
February 5, 2010
Replace Accruent SLM, IWMS, SLIM, REM with Lx Retail
Accruent’s Store Lifecycle Management (SLM) product sold to dozens of retailer and corporate users since 2004 came about due to a license sold to Accruent by Lucernex in 2003 allowing Accruent to market the Lucernex IWMS solution under the Accruent name. The core of the Accruent solution remains, in large part, the 3.81 version of Lx Retail. Lucernex has since updated the location performance management software and is now at version 9.0 having made vast improvements in the capability. The former creator of SLIM, Ken Brown, is now in charge of Lucernex product design and development after selling the SLIM product and his company, National Facilities Group, to Accruent in 2003. As a result Lucernex can provide the smoothest transition for current Accruent clients.
No first year software cost!!
To make this easy to budget, Lucernex will convert any Accruent client to Lx Retail and charge no first year fee for the software. In addition, as a conversion from Accruent is really more of a simple upgrade into the newer version of Lucernex, our professional services team will charge a simple cost plus 20% for the project.
No one can convert you from Accruent faster, cheaper or more accurately than Lucernex!
Please use our Product Information page if you are interested in talking to an Lucernex representative about our Accruent upgrade.
February 4, 2010
Lucernex expert and EVP Ken Brown’s (see Ken’s management summary here) article written for IWMSNews: See the article here
While no one can say for sure, it appears based on the recent positive GDP announcement, that the U.S. economy has bottomed out and we are now in the midst of what may be a longer and slower recovery when compared to past economic recessions. The events of the past 24 months have forced growth-minded real estate companies to re-examine or retool their business models to optimize efficiencies and harness opportunities. Economists believe future growth is expected to come from overseas markets, especially Asia and the “BRIC” nations (Brazil, Russia, India, and China).