Bricsnet recently announced the release of a “Readiness Package” to assist clients in determining the effects that proposed new accounting standards will have on their real estate portfolios.

Read the full story

The new lease accounting standard will increase the contribution and profile of corporate real estate in the financial reporting of companies. Companies with a large numbers of real estate and/or equipment leases will be particularly affected by the new standard. Several industries will add more than $1 billion of obligations to their balance sheets.

Read the full story

The U.S.–based Financial Accounting Standards Board (FASB) and the European–based International Accounting Standards Board (IASB) are jointly preparing a new standard for lease accounting. For many years, there has been general agreement in the accounting and investment communities that a revised lease accounting standard was needed.

Read the full story

Facility executives and managers are typically responsible for the operations and maintenance of the most valuable assets and third largest expense in your organization. They manage these building assets over their lifecycle with the challenge to reduce maintenance expenses, deliver high–quality service and provide environments that support  the business mission. And therefore must accomplish these [...]

Read the full story

Guest post by Larry Simpson. The real estate footprint boundaries of large companies and real estate owners have expanded, subsequently the challenge to measure, manage, report and reduce energy and carbon data efficiently and accurately to support portfolio-wide sustainability strategies have increased.

Read the full story

Real estate and facility assets consume more than 70 percent of electricity. According to the Crossing the Sustainability Chasm report recently published by TRIRIGA, an IBM company, 91 percent of organizations who achieve their sustainability goals invest in improving facility energy efficiency. The benefits are substantial since energy efficiency retrofits can reduce energy use by [...]

Read the full story

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 [...]

Read the full story

A new report from TRIRIGA finds that although the majority of the world’s largest corporations have set environmental and energy reduction goals, two-thirds failed to achieve them. TRIRIGA evaluated survey data from 130 sustainability-focused executives and professionals from large corporations as well as government agencies, and found three clear tactics used by ‘Achievers’ – a [...]

Read the full story