September 24, 2012/Real Estate and Construction
Real Estate Monitor – Fall 2012
As the condition of the global economy continues to cause uncertainty across all industries, The Counselors of Real Estate, an international professional association of top real estate executives, asked its members to identify the top 10 broad structural issues that will define the real estate industry over the next 10-30 years. They are briefly described below
September 24, 2012/Not-For-Profit
Nonprofit Standard – Fall 2012
GASB Statement No. 60, Accounting and Financial Reporting for Service Concession Arrangements (SCA) will apply to governments that have another entity operating a public asset. An SCA is an arrangement between a transferor (a government) and an operator (governmental or nongovernmental entity) in which (1) the transferor conveys to an operator the right and related obligation to provide services through the use of infrastructure or another public asset, (2) the operator collects fees from third parties and is compensated by fees, (3) the transferor determines what services the operator is required to provide, to whom and at what price and (4) the transferor is entitled to significant residual interest in the service utility of the asset at the end of the agreement. Examples include toll roads, convention facilities or a parking garage.
