May 1, 2012

What a CFO needs to know about the new FASB rent accounting rules!

Lucernex Real Estate Solutions Strategist, Mike Hammerslag, MS(RE), MBA, CPM® (see Mike’s management summary here), discusses what CFO’s need to know about the new FASB rules.

Time, Resources, Processes, and Impact … New Systems, New Rules … More SOX!

Some people refer to the moment in time when everything is finally laid out before them by all their constituents and the pieces all finally fall into place as an “Aha Moment.” That “Moment” is closer than you think; that moment is NOW!
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July 6, 2011

Tentativeness meets Progress

Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses recent progress by FASB / IFRS.

I have blogged previously about the tentative nature of the efforts between the FASB / IFRS. To some of you this has may have appeared harsh, while to others, it likely seemed an accurate view of FASB/IFRS positioning. In my reading of changes to the FASB/IFRS position, it true that FASB and IFRS are making progress. The most recent accomplishments from the recent meetings of these two groups are:
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May 6, 2011

CoreNet … “There is no opportunity like a crisis!”

Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses his recent trip to CoreNet’s annual conference.

Good Morning! I have just returned from the CoreNet Global Summit in Chicago and I am glad to report that it was a fantastic event.

Perhaps the highlight for me was none other than the Monday morning keynote speech by Greg Lindsay. Mr. Lindsay did the finest presentation on agglomeration (under the guise of changing social dynamics) that I have ever seen! And remember that compliment comes from a former academic who actually taught the topic for 10 years. (more…)

April 11, 2011

“Tentative” – The FASB IASB word of choice!

Manager of Lucernex Lease Analysis products, Mike Hammerslag, discusses the current state of the upcoming FASB changes.

A little more than two (2) years ago the Boards published their Discussion Paper, Leases: Preliminary Views. Fast forward to today and a known calendaring of the Final Document due date of 2Q-2011 or put another way June 30, 2011, and it seems that we are less then ninety (90) days away from knowing the outcome. So doesn’t it seem odd that so much is still “tentative.”
Now I must admit we do occasionally see that one or the other or sometimes both of the Boards “affirmed the decision in the leases Exposure Draft,” but is certainly feels like there are too many “tentative(s)” with less than 90 days until decision time! (more…)