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Category Archives: General News

A CMMS that communicates

Wouldn’t it be nice if your plant and/or machinery could communicate with you, letting you know vital information in real time? Whether it’s a broken pump or machine failure, or information on temperature, humidity, vibration, etc., Real Asset Management’s maintenance …

What new changes to lease accounting would mean

For numerous businesses across all industries, the leasing of real estate and equipment are part of daily operations, and recent proposed changes to lease accounting could affect businesses across the board. As businesses currently are not required to account for …

Businesses should prepare for an active hurricane season in 2013

On May 23rd, the National Oceanic and Atmospheric Administration (NOAA) forecast a 70 percent chance that between 13-20 storms will form in the Atlantic Ocean this hurricane season. There is a strong likelihood that many of these could strengthen to …

Don’t have a CMMS in place? Here’s why you should consider making the switch.

Here at eight compelling reasons on why you need to consider implementing a Computerized Maintenance Management System. New management drive to save time and money. T Cards & paper based systems are cumbersome and not scalable. Work orders and scheduled …

Core Features of a Comprehensive CMMS

The following are essential, core features of any best-of-breed Computerized Maintenance Management System. When searching for a new solution and provider, ensure that at the very least, all these boxes are ticked. Putting in the work to thoroughly review the …

FASB responds to reviews of its accounting standard for business combinations

After mixed reviews of its accounting standard for business combinations, the Financial Accounting Standards Board (FASB) has announced that it will consider findings from the Financial Accounting Foundation’s Post-Implementation Review Report issued in May. Whether or not FASB will respond with …

Is your healthcare organization well positioned for changes within the healthcare sector?

The healthcare sector is set to see rapid changes over the coming years as a result of shifting demographics, an ageing population in the developed world, advances in medicine and more access to care in developing countries, combined with new …

Recent Fitch Ratings report notes short term leases may come on balance sheet

A new report from Fitch Ratings, Scrutinizing Topical Accounting Issues, notes progress on some joint projects between U.S. GAAP and IFRS. The two boards are working together on a new standard for lease contracts, and despite delays, there looks to …

Hints of a new approach to lease accounting

IASB and FASB have published their exposure draft for new leasing rules which aim to reform how companies account for their lease contracts. The objective for this new approach is to enable investors and other users of financial statements to …

Risk assessment: A crucial step in choosing a solution provider

Before purchasing new fixed asset management software, conduct risk analyses on the suppliers’ plans during the initial stages of evaluation. This crucial step should inform a final decision that has taken all risk factors into account, saving time and money …

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