APPA Library

"The Next Reporting Change"
Author: Watson, James R.
Published In: Facilities Manager
Date: May/June 2006

Perspective column. Discusses reporting changes, including the Financial Accounting Standards Board Statement No. 123, Accounting for Stock-Based Compensation, which mandated that expense recognition for the fair value of employee stock options be the preferable approach to pension accounting, and Executive Order 13327, which requires all federal agencies to improve real property inventory data and establish performance goals for facility maintenance operations. Stresses that campus chief financial officers now have the opportunity to regain the trust of corporate investors by not only following the letter of financial laws, but by taking the additional steps of embracing the concept of investment stewardship shareholders have made in the facility asset.

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