Apparently the FASB is getting close to a publication on US lease accounting. If you visit www.monitordaily.com  and go to the articles section (see the top navigation bar) and read the "Lease Accounting Project Update" article by Bill Bosco you will get a pretty good overview of what is happening. You can comment on the article as it is never too late to influence the Board.

We are in the process of listing our book on AMAZON, BLURB and other book retailers. We look forward to seeing this accomplished.

Book Description:
PAMS-DCF explains in detail starting from basic concepts, what "Discounted Cash Flow Analysis" is, why it is needed, and what its pitfalls are. It discusses and supports with examples the various issues surrounding yield analysis, including leveraged lease analysis, multiple yield scenarios, extended yield methods, and the concepts and methods used in portfolio summary yield techniques. It is a walk through the temples of high finance from a mathematical standpoint. PAMS-DCF (see WWW.PAMSDCF.COM) was written to accompany a software system that is available separately. As a stand-alone book the codifying and clarification of concepts is uniquely enlightening.The book contains many examples and reports, a glossary and a complete outline and index.The appendix for those interested, delves in detail into the mathematical issues of multiple rate scenarios.The book alone is an outstanding learning tool.The book and software together provide an affordable, powerful and easily mastered business tool. An eye-opening must-read book for anyone considering a career in finance, leasing, economics, business or banking.

Cost $ 29.95

On another note, we have broken ground on an Excel based accounting system that will permit cash, income and balance sheet reporting of a portfolio. Excel offers a virtual database functionality that lends itself to small and intermediate size companies in lending and leasing. We are looking at a six month development horizon hopefully.