Budgeting for New Lease Accounting
by Kelly Clark; Director of Marketing, CoStar Real Estate Manager
How much should companies expect ASC 842 and IFRS 16 compliance to cost?
When the FASB and IASB issued new lease accounting guidance in early 2016, companies immediately recognized that compliance would be a costly challenge. Collecting data on leased assets for balance sheet reporting would be an arduous task, by itself. Creating the impact analysis would add untold hours to weary accounting departments who have been confronting revenue recognition for some time already. Estimating the time and expenses for meeting the new standards is a dizzying project, even for the most seasoned financial leaders. read more
Conference, Curriculum Committees to Meet
The curriculum and conference committees are scheduled to meet in 3 weeks to begin planning for our September conference in Houston, TX. Feedback from both groups is very positive. Unofficial word is that there will be more discussion groups than in previous years. Stay tuned for more information!
Analysis: Holiday Sales Surpass Forecasts, Reflecting Consumer Rebound
Based on CPG’s primary research tracking America’s 50 largest retailers through field surveys across benchmark shopping venues nationwide for the holiday period, consumers are spending at a pace not seen since before the recession. Drawing on results of the November-December research CGP estimates that total holiday spending reached a record $672 billion, fractionally above CGP mid-December forecast of $671 billion, a 5.7% year-0ver-year increase. read more
U.S. department store stocks jump on holiday spending record
CHICAGO (Reuters) - Shares of U.S. department stores jumped on Tuesday as Mastercard Inc. said shoppers spent over $800 billion during the season, more than ever before, boosted by growing consumer confidence, rising employment and early discounts. read more
Bringing visibility into facilities management
via CSA Daybreaker, 12/191/17 edition
When customers decide where to shop, they consider cleanliness and store safety just as much as price, merchandise variety and ease of store navigation.
However, as retailers rely on third parties to manage their facilities’ maintenance and repairs, oftentimes tasks are not completed accurately — according to agreement criteria — or might be overlooked altogether. By adopting an automated facilities management solution, retailers can maintain the highest level of cleanliness and safety without stretching their already razor-thin margins. read more