Questions
Questions and the resulting answers are a great way to find what you need to know to do your job and advance your career. If you're looking for answers to a specific question, try a keyword search from the header of any page. For example, you could search for “non-profit accounting” or browse our questions section for a wider variety of accounting questions and answers of interest to you.
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Recent Active Questions
(Event Questions at Proformative)
If I have business units located in "poor connectivity" locations will the cloud still be an effective tool to utilize? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve...
If I have business units located in "poor connectivity" locations will the cloud still be an effective tool to utilize? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve...
(Event Questions at Proformative)
How secure are cloud provider servers in regards to data security, disaster planning, recovery, etc? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve Compliance Efficiency and Streamline...
How secure are cloud provider servers in regards to data security, disaster planning, recovery, etc? This question was asked by an attendee during the Proformative webinar “Best in Class Finance: How to Improve Controls, Achieve Compliance Efficiency and Streamline...
(CEO at 360 Thought Leadership Consulting)
Recent actions by the Yahoo CEO have brought the issue or workplace flexibility into the news. How do you establish a corporate culture in today's world?
Recent actions by the Yahoo CEO have brought the issue or workplace flexibility into the news. How do you establish a corporate culture in today's world?
(Finance Executive at Withheld)
Our company recently faced fire accident. we have insurred Gross Profit i.e business interruption insurrance. Can someone please explain how insurance people will calculate this figure which is related to business interruption. REGARDS
Our company recently faced fire accident. we have insurred Gross Profit i.e business interruption insurrance. Can someone please explain how insurance people will calculate this figure which is related to business interruption. REGARDS
Anonymous
(VP, Corp Dev)
We are hiring a summer intern to work for us this summer. Would it be problematic to pay him a stipend as an independent contractor or do we have to put him on the payroll? Thanks.
(Treasurer at OGS)
(Manager of Financial Services at Park Water Company)
I was looking for some accounts payable best practices ideas about setting stronger controls over our AP vendor files and found the table of contents to BNA's 2006 publication "Master Vendor File Maintenance, Audit & Control, Best Practices". It...
I was looking for some accounts payable best practices ideas about setting stronger controls over our AP vendor files and found the table of contents to BNA's 2006 publication "Master Vendor File Maintenance, Audit & Control, Best Practices". It...
(Finance Director - Accounting & Planning at Newark/element 14)
Our marketing team would like to be able to track Actuals vs. Forecast/Budget at an individual project level basis. They currently use Excel spreadsheets, which are difficult to maintain. So I was wondering if there was an off-the-shelf tool that they might be...
Our marketing team would like to be able to track Actuals vs. Forecast/Budget at an individual project level basis. They currently use Excel spreadsheets, which are difficult to maintain. So I was wondering if there was an off-the-shelf tool that they might be...
Anonymous
(Sr Controller)
We are implementing a new financial software package and we need to develop an Implementation Plan and Timeline. Wondering if anyone would be able to advise where we could get a general plan from that we can tweak so that it meets our needs. Hoping to not have...
(Manager, Management Consulting at MorganFranklin)
I am looking for guidance on implementing metadata and data quality software tools at an international bank. The process has already started and the software tools have been selected. We have started the project by: Engaging the stakeholders Defining the...
I am looking for guidance on implementing metadata and data quality software tools at an international bank. The process has already started and the software tools have been selected. We have started the project by: Engaging the stakeholders Defining the...
(CFO at RCM Industries, Inc.)
We currently run 4 mfg plants of similar size ($25 MM sales, 200 ee's each) in 3 states with a controller and related accounting functions at each plant reporting into a corporate CFO at the parent. We have a centralized computer system so there is no reason we...
We currently run 4 mfg plants of similar size ($25 MM sales, 200 ee's each) in 3 states with a controller and related accounting functions at each plant reporting into a corporate CFO at the parent. We have a centralized computer system so there is no reason we...
Anonymous
(CFO)
We have an exiting employee who has stock options. We are buying out his vested options, for cash, at just under the 409A valuation price. It's called out as a repurchase - but I think I would treat it as a cashless exercise and deduct tax from the proceeds...
Anonymous
(Assistant Controller)
(CPA, CMA at Diane D. White, CPA, CMA)
I have expensed software development and maintenance costs of a web-based information provider start-up LLC (sole owner) throughout its first three years of operation. The sole-owner LLC doesn't sell or license software per se. Its IT expenditures are...
I have expensed software development and maintenance costs of a web-based information provider start-up LLC (sole owner) throughout its first three years of operation. The sole-owner LLC doesn't sell or license software per se. Its IT expenditures are...
(Event Questions at Proformative)
What are the best practices of leveraging your auditors expertise and knowledge on debt compliance? This question was asked by an attendee during the Proformative webinar "Best Practices in Debt Compliance & Case Study" held on March 28, 2013. Join the...
What are the best practices of leveraging your auditors expertise and knowledge on debt compliance? This question was asked by an attendee during the Proformative webinar "Best Practices in Debt Compliance & Case Study" held on March 28, 2013. Join the...
Anonymous
(Controller)
I have been asked to prepare the statement of cash flows for our Company. In the past I had prepared the cash flow using the USD balance sheets, but now I've been asked to prepare the cash flow in the local currencies first and then translate them to USD to include the...
(Associate Editor at Proformative)
First off, a big "thank you" to the folks who have shared their experiences and are listed below! At Proformative, sharing knowledge and experiences for the benefit of others is central to our mission. As you know, this usually happens here in our Q/A forum...
First off, a big "thank you" to the folks who have shared their experiences and are listed below! At Proformative, sharing knowledge and experiences for the benefit of others is central to our mission. As you know, this usually happens here in our Q/A forum...
(Project Manager at DocuSoft NG)
Hello All,my company has just concluded on a BPM project in preparation for an ERP implementation. Outcome from the BPM project proved the need to implement an ERP inorder to achieve the level of efficiency required. Next phase is to do an RFI/RFP. I need help with...
Hello All,my company has just concluded on a BPM project in preparation for an ERP implementation. Outcome from the BPM project proved the need to implement an ERP inorder to achieve the level of efficiency required. Next phase is to do an RFI/RFP. I need help with...
Anonymous
(Manager)
Would appreciate an overview, as I have no experience with it.
