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Unlocking Hidden Value for Shareholders

As I approach a milestone birthday I am amused by how the arc of my career has come full circle. As a brand new IBM sales trainee in 1980 my first assignment was to create a rent vs own analysis to convince companies that were renting rooms full of the IBM 029 card punch machines … Continued

“Are We Sure These Numbers Are Right?”

The irony has not escaped us that on April Fool’s Day 2019, all of the public companies around the world, reporting on a calendar year basis, will be preparing for their first quarterly financial reports under the new Lease Accounting standards (ASC 842 and IFRS 16).

Lease Accounting- Avoiding a False Start

With the initial transition date for the new Lease Accounting Standards less than two years away, a large number of companies are already in their comparative “look back” period. For US based, calendar year, public companies, the period of dual tracking between the current and future standards commenced January 1, 2017. For many of the … Continued

Moneyballing Corporate Real Estate

In Michael Lewis’ book “Moneyball”, which was made into a motion picture, he recounts the transformation of the Oakland A’s, a low budget major league baseball team using advanced analytics, rather than traditional “gut instincts” of baseball men, in evaluating players and building rosters. Theo Epstein became one of the most successful practitioners of this … Continued

Lessons Learned from Early FASB Adopters

An interesting finding came out of a recent survey by one of the Big Four accounting firms. Only 8% of 13,000 questioned said they have a good understanding of the recently announced changes to the Lease Accounting Standard. With 92% somewhere between “general understanding” and “haven’t started”, the impending IASB/FASB deadline is going to seem … Continued