“Coming together is a beginning, staying together is progress, and working together is success.” Henry Ford
As we say goodbye to 2011 and hello to 2012, we would like to take this opportunity to thank all of you for making this past year a success and to wish you a prosperous and profitable new year.
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The potential changes in lease accounting rules coming in 2012 will have seismic consequences for the balance sheets of public companies. Operating leases will likely be replaced by capital leases, resulting in the shift of trillions of dollars to balance sheets of companies worldwide. With all leases for commercial real estate being capitalized in this way, the debt of most companies will increase dramatically.
The International Accounting Standards Board (IASB) and the U.S.-based Financial Accounting Standards Board (FASB) have made extensive changes to the exposure draft, released in August 2010. The boards said the changes would result in a more consistent approach to lease accounting and would improve the quality of financial information available to investors.
They released an Exposure Draft of the Proposed Accounting Standards Update on October 14th with an invitation for comments by Dec. 13th: “The Board invites individuals and organizations to send written comments on all matters in this Exposure Draft of a proposed Accounting Standards Update. Responses from those wishing to comment on the Exposure Draft must be received in writing by December 13, 2011. Interested parties should submit their comments by email to director@fasb.org, File Reference No. 2011-190. Those without email should send their comments to ―Technical Director, File Reference No. 2011-190, FASB, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116.‖ Do not send responses by fax.”
A schedule of the proposed Proposed Accounting Standards Update documents can be found on the FASB website.
Rest assured that we are closely monitoring this process and are working to make sure REportfolio will have the tools necessary to comply with the new regulations when they’re officially released next year.
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Posted by facilitywizard
HOUSTON, Oct 16, 2011 (BUSINESS WIRE) — Kinder Morgan, Inc. (NYSE: KMI) and El Paso Corporation (NYSE: EP) today announced a definitive agreement whereby KMI will acquire all of the outstanding shares of EP in a transaction that will create the largest midstream and the fourth largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines. The total purchase price, including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P. (NYSE: EPB) is approximately $38 billion.
The combined enterprise, including the associated master limited partnerships, Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and EPB, will represent the largest natural gas pipeline network in the US, the largest independent transporter of petroleum products in the US, the largest transporter of CO2 in the US and the largest independent terminal owner/operator in the US. Click here for the complete press release.
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Posted by facilitywizard
Here are a few of my favorite Steve Jobs quotes:
“At Apple we come at everything asking, ‘How easy is this going to be for the user? How great is it going to be for the user?’”
“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple.”
“An adult looks at a computer and says, ‘what does it do?’ A child looks at a computer and says, ‘What can I do with it?’”
We would be nowhere close to where we are today without Steve Jobs’ vision, passion and relentless focus on the experience of the end user. He will be missed, but everything we do will continue to be touched by his genius.
Thank you Steve Jobs for setting the bar so high.
– Dave Johnson, President/CEO
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If you couldn’t make it to Vegas, pack up your golf clubs and join us in sunny Phoenix for IFMA’s World Workplace 2011 Conference & Expo on October 26-28.
IFMA’s World Workplace Conference & Expo is the largest, most longstanding and well-respected annual conference and exposition for facility management and related professions. Each year offers a new experience, addressing challenges and strategies that are universal to every facility type, shape and size.
A fully customizable experience, attendees can choose sessions under specific topic tracks and learning levels; spend time on the expo floor talking to vendors and attending exhibitor-presented sessions; and take advantage of the many networking and learning activities scheduled throughout the week.
Stop by our booth, #1935, for some delicious chocolate and a personal tour of the latest versions of Workorderama, REportfolio and Projecto. Be sure to check out our new iPad app!
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Posted by facilitywizard
We don’t ever need an excuse to go to Vegas but if you do, tell your boss you need to meet with us at the Facility Decisions Conference & Expo in the Mirage Events Center, October 11-12.
Facility Decisions is a FREE 2-day conference and trade show for all facility professionals. It’s vital that you invest a little time, away from your office/facility, to benefit from new ideas, innovative solutions and powerful networking. Attend Facility Decisions and you will return to the office with fresh ideas, contacts and products that will increase your productivity and save money. If you’re still doing business the way things were done 35 years ago, you need Facility Decisions.
Stop by our booth, #507, to say “Hello” and get a personal demo of the latest versions of Workorderama, REportfolio and Projecto along with a preview of our new Workorderama iPad app.
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Posted by facilitywizard
On September 10th, Dave Johnson rode his bicycle 100 miles down California’s Pacific Coast Highway from Carmel to the Hearst Castle in San Simeon in an event called the Best Buddies Challenge. Dave completed the course in just 8 hours and 30 minutes. Click on the photo below to watch a brief video Dave took while riding along this incredibly scenic route.
The event raised money for an organization called Best Buddies International, to help sponsor and enrich the lives of people with intellectual and developmental disabilities. Best Buddies is a non-profit organization that assists people with these disabilities by pairing them up with volunteers in one-to-one friendships to help them find jobs in their community. Way to go, Dave!
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There are many occasions when you’ll want to create a very specific Found Set based on multiple criteria. This is not only possible but in fact quite easy to do using the magical Wizard Find button.
In the Workorderama example below, we want to find all of the Electrical type work orders for Center 1 and Center 2. Simply click the Find button and enter the Type Electrical and Building Center 1. Next go to the Requests menu and select Add New Request.
This creates a second line where we enter Type Electrical and Building Center 2. Hit Return and it will generate a list of Electrical work orders for Center 1 and Center 2. It’s that simple. You can create as many additional lines as you want.
And once you have your Found Set just the way you want it, you can go to Reports and print all of the standard reports for that data.
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Posted by facilitywizard
We’re exhibiting at the APPA 2011 Conference & Exposition in Atlanta’s Downtown Hilton on July 16th and 17th. APPA is the premiere association for educational facilities professionals, dedicated to maintaining, protecting and promoting the quality of educational facilities. APPA represents more than 1,500 learning institutions serving over 4,700 individuals.
Over 40 conference sessions will offer the latest practices, innovative solutions and practical guidance, with a focus on the following this year in Atlanta:
Please stop by our booth, #601, for a personal tour of the latest versions of Workorderama™, Projecto™ and REportfolio™ plus a sneak preview of our iPad applications!
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As part of our continuous effort to increase the level of service to our clients, Facility Wizard Hosting operations migrated to a new SAS70 Type II Audit data center on Saturday, May 7, 2011. The facility, along with our newly upgraded IT infrastructure, provides state-of-the-art performance, security, data protection and uptime for our hosted applications. For more information, please visit CoreLink’s Web site.
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