By Richard Parent, Executive Vice President, Gumbiner Savett Inc.

Accounting for asset impairment has become a big issue, and understanding and applying the accounting rules and principles can be challenging.

By Richard Parent, Gumbiner Savett Inc.

It is estimated that for the four-year period from 2009 to 2013, green building will support 7.9 million U.S. jobs and pump $554 million into the economy. By 2015, it’s estimated that the green share of the largest non-residential retrofit and renovation will more than triple.

By Richard Parent, Gumbiner Savett Inc.

Available sources of bank financing are scarce and the lack of meaningful job growth and high unemployment are adding to the depressed state of the market.

By Richard Parent, Gumbiner & Savett Inc.

According to the National Association of Realtors, home sale contracts signed in June 2010 were down 18.6 percent from June 2009, but up 10.4 percent in October 2010. Some of the decline can be attributed to the May 1 expiration of the first-time home buyer credit created by the Housing and Economic Recovery Act of 2008.

By Richard Parent, Gumbiner & Savett Inc.:
On Aug. 17, 2010, the Financial Accounting Standards Board published jointly with the International Accounting Standards Board a proposal for public comment that is expected to make significant changes to the financial reporting for lease contracts. The board is requesting feedback on the proposed standard by Dec. 15, 2010, and it is anticipated to go into effect sometime in 2012.