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  • Oracle Cloud. Engineered for Heroes...at Cloud Expo East

    - by Gene Eun
    Even though it's been a few weeks since Cloud Expo East in New York City, I couldn't resist posting a couple of pictures of the Oracle Cloud/Iron Man 3 advertising that we ran at the event. It was pretty cool seeing those big digital ads in front of the Javits Center and the courtesy cars driving around Manhattan. Definitely eye-catching. Enjoy! Learn more about what makes Oracle Cloud engineered for heroes at oracle.com/ironman3. By the way...yes, those cars are hybrids!

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  • Agilist, Heal Thyself!

    - by Dylan Smith
    I’ve been meaning to blog about a great experience I had earlier in the year at Prairie Dev Con Calgary.  Myself and Steve Rogalsky did a session that we called “Agilist, Heal Thyself!”.  We used a format that was new to me, but that Steve had seen used at another conference.  What we did was start by asking the audience to give us a list of challenges they had had when adopting agile.  We wrote them all down, then had everybody vote on the most interesting ones.  Then we split into two groups, and each group was assigned one of the agile challenges.  We had 20 minutes to discuss the challenge, and suggest solutions or approaches to improve things.  At the end of the 20 minutes, each of the groups gave a brief summary of their discussion and learning's, then we mixed up the groups and repeated with another 2 challenges. The 2 groups I was part of had some really interesting discussions, and suggestions: Unfinished Stories at the end of Sprints The first agile challenge we tackled, was something that every single Scrum team I have worked with has struggled with.  What happens when you get to the end of a Sprint, and there are some stories that are only partially completed.  The team in question was getting very de-moralized as they felt that every Sprint was a failure as they never had a set of fully completed stories. How do you avoid this? and/or what do you do when it happens? There were 2 pieces of advice that were well received: 1. Try to bring stories to completion before starting new ones.  This is advice I give all my Scrum teams.  If you have a 3-week sprint, what happens all too often is you get to the end of week 2, and a lot of stories are almost done; but almost none are completely done.  This is a Bad Thing.  I encourage the teams I work with to only start a new story as a very last resort.  If you finish your task look at the stories in progress and see if there’s anything you can do to help before moving onto a new story.  In the daily standup, put a focus on seeing what stories got completed yesterday, if a few days go by with none getting completed, be sure this fact is visible to the team and do something about it.  Something I’ve been doing recently is introducing WIP (Work In Progress) limits while using Scrum.  My current team has 2-week sprints, and we usually have about a dozen or stories in a sprint.  We instituted a WIP limit of 4 stories.  If 4 stories have been started but not finished then nobody is allowed to start new stories.  This made it obvious very quickly that our QA tasks were our bottleneck (we have 4 devs, but only 1.5 testers).  The WIP limit forced the developers to start to pickup QA tasks before moving onto the next dev tasks, and we ended our sprints with many more stories completely finished than we did before introducing WIP limits. 2. Rather than using time-boxed sprints, why not just do away with them altogether and go to a continuous flow type approach like KanBan.  Limit WIP to keep things under control, but don’t have a fixed time box at the end of which all tasks are supposed to be done.  This eliminates the problem almost entirely.  At some points in the project (releases) you need to be able to burn down all the half finished stories to get a stable release build, but this probably occurs less often than every sprint, and there are alternative approaches to achieve it using branching strategies rather than forcing your team to try to get to Zero WIP every 2-weeks (e.g. when you are ready for a release, create a new branch for any new stories, but finish all existing stories in the current branch and release it). Trying to Introduce Agile into a team with previous Bad Agile Experiences One of the agile adoption challenges somebody described, was he was in a leadership role on a team he had recently joined – lets call him Dave.  This team was currently very waterfall in their ALM process, but they were about to start on a new green-field project.  Dave wanted to use this new project as an opportunity to do things the “right way”, using an Agile methodology like Scrum, adopting TDD, automated builds, proper branching strategies, etc.  The problem he was facing is everybody else on the team had previously gone through an “Agile Adoption” that was a horrible failure.  Dave blamed this failure on the consultant brought in previously to lead this agile transition, but regardless of the reason, the team had very negative feelings towards agile, and was very resistant to trying it out again.  Dave possibly had the authority to try to force the team to adopt Agile practices, but we all know that doesn’t work very well.  What was Dave to do? Ultimately, the best advice was to question *why* did Dave want to adopt all these various practices. Rather than trying to convince his team that these were the “right way” to run a dev project, and trying to do a Big Bang approach to introducing change.  He would be better served by identifying problems the team currently faces, have a discussion with the team to get everybody to agree that specific problems existed, then have an open discussion about ways to address those problems.  This way Dave could incrementally introduce agile practices, and he doesn’t even need to identify them as “agile” practices if he doesn’t want to.  For example, when we discussed with Dave, he said probably the teams biggest problem was long periods without feedback from users, then finding out too late that the software is not going to meet their needs.  Rather than Dave jumping right to introducing Scrum and all it entails, it would be easier to get buy-in from team if he framed it as a discussion of existing problems, and brainstorming possible solutions.  And possibly most importantly, don’t try to do massive changes all at once with a team that has not bought-into those changes.  Taking an incremental approach has a greater chance of success. I see something similar in my day job all the time too.  Clients who for one reason or another claim to not be fans of agile (or not ready for agile yet).  But then they go on to ask me to help them get shorter feedback cycles, quicker delivery cycles, iterative development processes, etc.  It’s kind of funny at times, sometimes you just need to phrase the suggestions in terms they are using and avoid the word “agile”. PS – I haven’t blogged all that much over the past couple of years, but in an attempt to motivate myself, a few of us have accepted a blogger challenge.  There’s 6 of us who have all put some money into a pool, and the agreement is that we each need to blog at least once every 2-weeks.  The first 2-week period that we miss we’re eliminated.  Last person standing gets the money.  So expect at least one blog post every couple of weeks for the near future (I hope!).  And check out the blogs of the other 5 people in this blogger challenge: Steve Rogalsky: http://winnipegagilist.blogspot.ca Aaron Kowall: http://www.geekswithblogs.net/caffeinatedgeek Tyler Doerkson: http://blog.tylerdoerksen.com David Alpert: http://www.spinthemoose.com Dave White: http://www.agileramblings.com (note: site not available yet.  should be shortly or he owes me some money!)

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  • WebCenter Customer Spotlight: Global Village Telecom Ltda

    - by me
    Author: Peter Reiser - Social Business Evangelist, Oracle WebCenter  Solution SummaryGlobal Village Telecom Ltda. (GVT)  is a leading Brazilian telecommunications company, developing solutions and providing services for corporate and end users. GVT is located in Curitiba, Brazil, employs 6,000 people and has an annual revenue of around US$1 billion.  GVT business objectives were to improve corporate communications, accelerate internal information flow, provide continuous access to the all business files and  enable the company’s leadership to provide information to all departments in real time. GVT implemented Oracle WebCenter Content to centralize the company's content and they built  a portal to share and find content in real-time. Oracle WebCenter Content enabled GVT to quickly and efficiently integrate communication among all company employees—ensuring that GVT maintain a competitive edge in the market. Human Resources reduced the time required for issuing internal statements to all staff from three weeks to one day. Company OverviewGlobal Village Telecom Ltda. (GVT)  is a leading telecommunications company, developing solutions and providing services for corporate and end users. The company offers diverse innovative products and advanced solutions in conventional fixed telephone communications, data transmission, high speed broadband internet services, and voice over IP (VoIP) services for all market segment. GVT is located in Curitiba, Brazil, employs 6,000 people and have an  annual revenue of around US$1 billion.   Business ChallengesGVT business objectives were to improve corporate communications, accelerate internal information flow, provide continuous access to the all business files and enable the company’s leadership to provide information to all departments in real time. Solution DeployedGVT worked with the Oracle Partner IT7 to deploy Oracle WebCenter Content to securely centralize the company's content such as growth indicators, spreadsheets, and corporate and descriptive project schedules. The solution enabled real-time information sharing through the development of Click GVT, a portal that currently receives 100,000 monthly impressions from employee searches. Business ResultsGVT gained a competitive edge in the communications market by accelerating internal information flow, streamlining the content standardizing information and enabled real-time information sharing and discovery. Human Resources  reduced the time required for issuing  internal statements to all staff from three weeks to one day. “The competitive nature of telecommunication industry demands rapid information in the internal flow of the company. Oracle WebCenter Content enabled us to quickly and efficiently integrate communication among all company employees—ensuring that we maintain a competitive edge in the market.” Marcel Mendes Filho, Systems Manager, Global Village Telecom Ltda. Additional Information Global Viallage Telecom Ltda Customer Snapshot Oracle WebCenter Content

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  • Post 12.04 Update, stuck on splash screen

    - by Lawrence
    I updated to 12.04 a couple of weeks ago and I haven't started up Ubuntu until now. On start up the computer gets stuck on the splash screen. I am a beginner in all of this linux mechanics. I've seen many people post about relatively the same problem but I have a hard time following. I am using Wubi and running it along side Windows Starter on a Toshiba netbook. Thanks for bearing with my unfamiliarity haha,

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  • 12.04 boots fine, with graphical splash screen, but then Monitor "out of range"

    - by Jim Bednar
    I see dozens of posts from people whose monitors are saying "out of range" under Ubuntu; seems like there are some serious problems in Ubuntu with autodetection of monitor capabilities. :-( But none of the many, many suggestions I found have solved my problem, and right now I can't use anything graphical on this machine! History: I installed Ubuntu 12.04 on my HP Proliant Microserver N40L, which worked reasonably at the default resolution across several reboots. At some point I noticed that the proprietary video driver was not in use, and tried to install one to get better window-drawing speeds, but it failed with some sort of error, and I gave up on that. A few weeks later when I next rebooted, it showed the usual BIOS screen and various boot loading screens (including GRUB), and then the usual purple Ubuntu splash screen with the dots showing that things were loading, but when it finished booting the monitor went black and eventually showed "Out of range" (with no other information). Given that there were several weeks between reboots (it's a server, after all), I've no idea if it was some system update, trying to install the proprietary drivers, or something else that caused the problem. Anyway, the system has booted fine, as I can do Ctrl-Alt-F1 to get a text prompt and can log in there. But Ctrl-Alt-F7 goes back to the out of range error. Some posters said to try Ctrl-Alt-- (minus) to cycle through resolutions until one works, but that didn't have any visible effect. Many, many others said it was a grub problem, which seems unlikely given that grub's screen looks fine, but I tried editing /etc/default/grub to set a particular resolution (trying many of them) and running update-grub, with no apparent effect. Rebooting into failsafe mode works the same as regular mode. Replacing xorg.conf with xorg.conf.failsafe works the same too. I'm at my wits' end! Isn't there anything I can do to convince Ubuntu to choose a mode that the monitor supports? E.g. the one that it is using for the splash screen? I don't need great resolution on this machine, just anything that works!!!!! Help!!!!!! Please!!!!

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  • Settings are not being saved

    - by Gavin Panella
    Several weeks ago I updated a Facebook and Google accounts in Empathy to use per-application passwords. However, it forgets these passwords on each reboot and I have to enter them again. However, settings in Edit with Emacs in Chromium do not persist either, so I think this is more than a bug in Empathy. I tried mv ~/.gconf ~/.gconf.bak, but that didn't work. What other common denominators are there that might be at the root of this?

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  • Kernel error during upgrade due to "/etc/default/grub: Syntax error: newline unexpected"

    - by Patrick - Developer
    Summary: linux-image-3.5.0-2-generic upgrade to linux-image-3.5.0-3-generic The default Ubuntu 12.04 update is generating the following error for weeks (the link below). Obs.: I'm using default update of Ubuntu 12.04 ie, apt-get update. log error: https://gist.github.com/3036775 Overall he is trying to do the following: upgrade the "linux-image-3.5.0-2-generic upgrade to linux-image-3.5.0-3-generic" and the error always, always. What to do?

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  • OBIEE 11.1.1.5.0 Bundle Patch 2 is available

    - by mshahi
    Oracle BI EE 11.1.1.5.0 Bundle Patch 2 is available. The Patch number is 13611078 and it can be downloaded from Oracle Support (you can download it without password). This patch currently is available on Microsoft Windows x64 (64 bit), Linux x86 - 64 bit, IBM AIX on Power System (64 bit) and Oracle Solaris Sparc (64 bit). Remaining four platforms Win32, Linux32, HP-Itanium, and Solaris x86-64 are expected 3-4 weeks later. This Patch has thoroughly been tested and signed off by BI QA Team.  Important things to know: 1. All the customers are advised to apply this patch as it contains around 248 bug fixes. Please read the README file for all the bug fixes contained in this patch.   2. This patch can be applied via opatch. Please follow the standard process of applying this patch using opatch, i.e. stop all BI System processes via opmnctl, Stop WLS Managed and Admin Servers, Apply Patch, Start WLS Admin and Managed Servers, Check if all the J2EE applications are running fine, Start all BI System Processes via opmnctl command, and verify your fixes. It is advised to test this patch on Non Productions Instances first, run all the required tests / regressions and then move it to Production.    3. This Bundle Patch is cumulative to 11.1.1.5.0 BP1 (13562882) which was released in January 2012 on Linux x86 - 64 bit which contained around 64 bug fixes. Customers who have applied 11.1.1.5.0 BP1, will get expected OPatch conflict message, they can safely roll back BP1 prior to installing this BP2 or let opatch roll back BP1 during its application process.   4. Customer who have applied some one off patches and these one off patches are also part of 11.1.1.5.0 BP2, they can also roll back their existing one off patches after confirming that their fixes are part of BP2.    5. This Bundle Patch is not cumulative on top of 11.1.1.5.0, meaning this bundle patch does not contain all the one off fixes that were delivered on top of 11.1.1.5.0. All the remaining one off fixes delivered so far, will be available in next scheduled bundle patch i.e. 11.1.1.5.0 BP3. Please check the README file and let support know if your existing fixes are not part of BP2, so that support can open One Off Backport (OOB) request to have them included in next patch i.e. BP3.   6. 11.1.1.5.0 BP3 is in planning stages, and dates for it's availability will be announced in next couple of weeks.

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  • Are there any drawbacks to the Major.Minor.YMDD.Build version strategy?

    - by Chu
    I'm trying to come up with a good version strategy to fit our specific needs. We've proposed settling on this and I wanted to ask the question to see if anyone's experience would suggest avoiding this or altering it in any way. Here's our proposal: Versions are released in this format: MAJOR.MINOR.YMDD.BN. Here it is broken out: MAJOR & MINOR are typical; we'll increase MINOR when we feel code and new feature sets warrants it; once every few months most likely. MAJOR will increase ~yearly. YMDD: Y will be the last digit of the current year, so "1" for 2011, "2" for 2012, etc. A non-padded month will be used to keep the number smaller (9 instead of 09 for example). DD of course is the day, padded with a zero for days under 10. BN: BN is the build number and increases by one anytime we make a change to a branch of the code represented by the build, for example: If were to make a build today, our release would be version 5.0.1707.1. I release to QA today and 3 days from now QA finds that a change broke the save functionality on a page. Instead of me changing our current development code, I'd go back to the code that I used to create version 5.0.1707.1, make the fix there, then increase the BN portion of the version and would then re-release 5.0.1707.2 back to QA. In short, anytime a change is made to a branched version that isn't the active dev branch, we'd use the original version number and increase only the BN portion (even if the change happened 3 days, 3 weeks or 3 months from the initial release of that version). Anytime we make a new release from our Active dev branch, we'd come up with a new version based on the M/D of the release using the outlined strategy. We do this once every 2-3 weeks. Are there holes or pitfalls with this? If so, what are they? Thanks EDIT To clarify one point that I didn't get out very well - Oct/Nov/Dec will be two digits, it's only the year that won't be. So 9 for Sept, 10 for Oct, 11 for Nov, etc.

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  • Elantech multitouch breaks after sleep and unknown events

    - by levesque
    EDIT: I previously thought this was related to mouse, but I have been experiencing these issues without a mouse plugged-in during the past weeks. I therefore rewrote the description. The two-finger scrolling on my UX31 works just fine, but sometimes it stops working, the cause is unknown. Multitouch also breaks whenever I go in sleep mode. Logging out and back in fixes the issue, till it happens again (sleep, or the unknown source) Does this sound familiar to anyone here?

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  • Paid Website Code Review

    - by clifgray
    I have written a pretty extensive webapp and it is going to go live in the next fews weeks and before I really publicize it I want to get some professionals to review it for optimization and best practices. Is there any online service or way to find local software engineers who would be willing to do this? Just to give some specifics that may be helpful, my site is on Google App Engine and written in Python and it is tough to find someone with extensive experience in that area.

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  • Fetch as Google error 403

    - by Bojan Vidanovic
    2 weeks ago, google cant access my website anymore, in webmaster tools i cant fetch any page, i always get error 403, and the website has been completly disapperard form the google search results. I cant figure how suddendly it cant see it anymore, i've checked .htaccess and there nothing that blocks google crawlers, and robots.txt is fine to. Anyway the site is accesibly normaly for users. Anyone had this problems? please help!

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  • Starting this week: Dublin, Maidenhead, and London

    - by KKline
    This might be most most overcommitted four-week period of time ever in my life. I’m tired just thinking about it! Not only am I traveling internationally and speaking over the next few weeks, I’m also helping on two book projects, learning some new applications from Quest Software, and helping on a small Transact-SQL refactoring project. Swag on hand? I’ve got a special printing of 500 video training DVDs for this trip: SQL Server Training on DMVs Performance Monitor and Wait Events Plus, I’ll have...(read more)

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  • Featured partner: Avanttic achieves Exadata and Exalogic OPN Specialization

    - by Javier Puerta
    Avanttic is a an Oracle Platinum Partner with headquarters in Barcelona (Spain). Their strategy is based on two key pillars: technological specialization and employee development. The technological specialization translates into their motto: "100% Oracle".   In the last weeks Avanttic has achieved all the prerequisites to become OPN Specialized in Exadata and in Exalogic, reaching a total of 13 specializations around the Oracle Technology stack. Congratulations, Avanttic!

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  • Blog on hiatus once more

    - by Steven Chan
    I am off for a much-needed vacation, so this blog is going on hiatus until mid-June.  You're welcome to post comments and questions; they'll be reviewed and approved for publication in my absence.  However, I won't be publishing any new articles until my return.See you in a few weeks.

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  • Java EE 8 update

    - by delabassee
    Planning for Java EE 8 is now well underway. As you know, a few weeks ago, we conducted a three part Java EE 8 Community Survey (you can find the final summary here). The data gathered have been very influential for the next steps. You can now expect over the coming weeks and months to see updates on the various specifications that compose the Java EE platform. Some Specification Leads are busy gathering additional feedback regarding what they should focus their efforts on (e.g. CDI 2 survey). Other Specification Leads have already publicly exposed what they think should be one of the focus for the evolution of the specification they lead.  For example, adding Server-Senet Events (SSE) support in JAX-RS is being discussed here and adding MVC support is being discussed here. Please remember that the fact we are now discussing any feature does not insure that it will be included in the proposal, nor in any particular update to Java EE. We can expect additional enhancements, changes and evolutions as we get closer to the finalisation of the different specifications... and there is still a long way to go with these specification proposals! Linda DeMichiel, Java EE Co-Specification Lead, has recently posted a draft proposal for the Java EE 8 Platform specification. Linda's goal is to recruit people and companies supporting this proposal before submitting it to the JCP.  This draft proposal is very interesting reading as it contains relevant information on the plans for Java EE 8 such as : The themes: Support for the latest web standards (eg. HTTP 2.0)  Continue to work on ease of development Improve the infrastructure for cloud support Alignment with Java SE 8 New JSRs to be added to the platform: J-Cache Java API for JSON Binding Java Configuration Plans for the Web Profile Plans on technologies to prune in Java EE 8, ... So if you haven't done it yet, I really encourage you to read the Java EE 8 draft proposal! Our goal for the Java EE 8 specification is for it to be finalized in the second half of 2016. It is important to note that we are in the early days of Java EE 8 and at this stage everything (themes, content, timing, etc.) is preliminary. Everything still needs to be discussed, challenged and agreed within the different Java Community Process (JCP) Experts Groups (EGs). Some EGs that still need to be formed! It could also means that the roadmap will have to be adjusted to follow the progress being made in the different EGs. This is also a good occasion to remind you that participation within those upcoming JCP Experts Groups is encouraged. Contributing in an EG is an effective lever to influence what Java EE 8 will become! Finally, as things get more concrete, we will share details on how to engage in the different Java EE 8 related Adopt-a-JSR initiatives, another way to contribute. You can also read other posts related to Java EE 8, here at The Aquarium blog. Just look for articles with the 'javaee8' tag.

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  • Learning GNU Text Utilities

    <b>Linux.com:</b> "A few weeks ago we looked at some of the GNU utilities that you can use to work with files, check MD5/SHA1 sums and check your disk usage. This time around I want to cover some of the utilities that you'll use for working with text files."

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  • Parallel Computing Features Tour in VS2010

    Just realized that I have not linked from here to a screencast I recorded a couple weeks ago that shows the API, parallel debugger and concurrency visualizer in VS2010. Take a few minutes to watch the VS2010 Parallel Computing Features Tour. Comments about this post welcome at the original blog.

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  • Replace a failed drive in Linux RAID

    <b>Tech Republic:</b> "A few weeks ago I had the distinct displeasure of waking up to a series of emails indicating that a series of RAID arrays on a remote system had degraded. The remote system was still running, but one of the hard drives was pretty much dead."

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  • .com.au backordered domain: Do I have to return it if the original owner asks for it?

    - by vDog
    I was contacted by the original owner of a domain to give him the domain that I backordered a few weeks ago. The domain was abandoned for about 2 months before I bought it to eliminate the competition of my client but now I am faced with a threat that he will take this matter to court and AUDA (.au domain administration limited). Am I supposed to handover the domain that I have bought legally? I would like to know my rights in this situation.

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  • Free Windows Azure training in Reading, UK on the 25th of May for partners

    - by Eric Nelson
    The 6 weeks of Windows Azure training is full (500 registration in around a week) but it turns out we have a few places free on the 25th if you can make it to Reading. 14 places when I last checked (today, 5th May). Register now if you can make it. Workshop Outline Module 1: Windows Azure Platform overview Module 2: Introduction to Windows Azure Module 3: Building services using Windows Azure Module 4: Windows Azure storage Module 5: Building applications using SQL Azure Module 6: Introduction to .NET Services Module 7: Building applications using the .NET Service Bus

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  • Cron job running successfully suddenly reports script is not found

    - by Ted B
    What might cause cron to suddenly report a file it is supposed to run is "not found," when the file hasn't been touched, and in fact, the entire system hasn't been touched since it last ran successfully? I have a cronjob schedule I define by doing sudo crontab -e In it, I have dozens of cron jobs that run successfully.. I do not have a PATH specified, and I use absolute paths to call all my scheduled scripts, setting the PATH in them as needed. I do not specify a SHELL in the crontab. All scripts identify the shell as their first line. Without me touching the system, a particular job defined in the middle of other jobs will suddenly stop running. To debug this, I added an output redirection to a log file. In that, the output clearly shows the output of the script successfully running time after time for weeks, and then suddenly the following appears: /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found /bin/sh: /home/iupress/bin/sync-email_images: not found If I do the ls command, copying and pasting that exact path from the error message, it clearly reports the file is still there (no surprise). Yet the log continues to report that file is "not found" until I take action. I can run the script manually and it runs just fine. If I do sudo crontab -e and save the file, the job runs on the next scheduled time, putting its output in the log, no longer reporting the script is "not found". It seems to me the contents of the script trying to be run are irrelevant since cron doesn't even process the file because it is "not found". I have a job scheduled below the one that is encountering this problem that I know is continuing to run, because I have its output mailed to me. So I know cron is running and continues to run at least one other job, even after it suddenly reports this job's script is "not found". All my lines end with a newline. I had no periods in the crontab until I added the redirection to a log file. I have now added a PATH specification, but left the absolute paths in the jobs. Unfortunately, I have no idea if and when this problem will occur. It will likely be weeks from now. By the way, I am running a script to syncronize the clock, and I see the time is exactly what it should be.

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  • Upgrade Workshops in Bucharest, Athens and Warsaw

    - by Mike Dietrich
    Finally travel time is not over yet. There are 3 more workshops Upgrade, Migrate & Consolidate to Oracle Database 12c due to happen within the next few weeks:. June 17 in Bucharest, Romaniain the Radisson Blu Hotel - Register here!. July 10 in Athens, Greece in the Pentelikon Hotel - Register here!. July 15 in Warsaw, Poland in the Marriot Warsaw Hotel - Register here!. - CU there - Mike 

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  • Seven Accounting Changes for 2010

    - by Theresa Hickman
    I read a very interesting article called Seven Accounting Changes That Will Affect Your 2010 Annual Report from SmartPros that nicely summarized how 2010 annual financial statements will be impacted.  Here’s a Reader’s Digest version of the changes: 1.  Changes to revenue recognition if you sell bundled products with multiple deliverables: Old Rule: You needed to objectively establish the “fair value” of each bundled item. So if you sold a dishwasher plus installation and could not establish the fair value of the installation, you might have to delay recognizing revenue of the dishwasher days or weeks later until it was installed. New Rule (ASU 2009-13): “Objective” proof of each service or good is no longer required; you can simply estimate the selling price of the installation and warranty. So the dishwasher vendor can recognize the dishwasher revenue immediately at the point of sale without waiting a few weeks for the installation. Then they can recognize the estimated value of the installation after it is complete. 2.  Changes to revenue recognition for devices with embedded software: Old Rule: Hardware devices with embedded software, such as the iPhone, had to follow stringent software revrec rules. This forced Apple to recognize iPhone revenues over two years, the period of time that software updates were provided. New Rule (ASU 2009-14): Software revrec rules no longer apply to these devices with embedded software; these devices can now follow ASU 2009-13. This allows vendors, such as Apple, to recognize revenue sooner. 3.  Fair value disclosures: Companies (both public and private) now need to spend extra time gathering, summarizing, and disclosing information about items measured at fair value, such as significant transfers in and out of Level 1(quoted market price), Level 2 (valuation based on observable markets), and Level 3 (valuations based on internal information). 4.  Consolidation of variable interest entities (a.k.a special purpose entities): Consolidation rules for variable interest entities now require a qualitative, not quantitative, analysis to determine the primary beneficiary. Instead of simply looking at the percentage of voting interests, the primary beneficiary could have less than the majority interests as long as it has the power to direct the activities and absorb any losses.  5.  XBRL: Starting in June 2011, all U.S. public companies are required to file financial statements to the SEC using XBRL. Note: Oracle supports XBRL reporting. 6.  Non-GAAP financial disclosures: Companies that report non-GAAP measures of performance, such as EBITDA in SEC filings, have more flexibility.  The new interpretations can be found here: http://www.sec.gov/divisions/corpfin/guidance/nongaapinterp.htm.  7.  Loss contingencies disclosures: Companies should expect additional scrutiny of their loss disclosures, such as those from litigation losses, in their annual financial statements. The SEC wants more disclosures about loss contingencies sooner instead of after the cases are settled.

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