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I am on my path to become a CPA, And Im not sure if I could get a job easily with no experience, but if somehow I manage to get a job, then how much should I expect to get paid? P.S- I have a master's degree in Commerce, my grades are not that high though, just about...
Wayne Spivak(President & CFO at SBAConsulting.com)
On which side the aisle are you? I found an academic paper "EARNINGS SMOOTHING: FOR GOOD OR EVIL?*" by Peter Demerjian, et.al. that in their abstract, once you cut away for double-talk, they state good managers, smoothing is good. bad managers, well its bad. http://papers....
What is the most time draining activity that you do that prevents you focusing on high value output?
James Myers(Director at FP&A Strategy Consulting)
In preparation for a webinar on Finance Productivity Hacks, I’m doing research on some of the low value add activities that are draining our precious time as Finance professionals. We hear the expression: “doing more with less”, but it isn’t always...
Chris Shumate(Corporate Accountant at Empire Corporation of Tennessee, Inc.)
There are many paths to the CFO seat. But what seems to be the best path? What path did you take to get to the CFO seat? Even if you're not in that seat now, or have never sat in it, what path are you taking to get there?
Bryan Fritz(Taoist Finance Officer at Howlett Farms)
The Proformative community is great because it allows us all to develop ourselves as human beings and finance professionals much faster than if we did it alone. There is so much experience in this network of professionals to share with others. If you could share one thing...
James Myers(Director at FP&A Strategy)
We're doing some research for a Proformative webinar where we want to share the best productivity hacks for finance, accounting and related professionals. Please give me any and all suggestions which will benefit all Proformative users who see this thread, as well as...
We are a corporation 100% owned by an investment company ("Parent") and we recently closed a term loan with the bank. The Parent has provided full guaranty on the loan in the event of default. In exchange for this guaranty, the Parent is...
Does DCF even make sense for startup company investments? If so, what discount rate would you apply?
Mark Stokes(CFO at Private)
I have a board member who wants me to run a DCF of an investment in a new product we are considering. My concern is that, like many startup endeavors, the assumptions will be SWAGs and that the DCF will not actually answer many questions for us and may actually mis-guide us...
Tim Williams(CFO at Private)
As I have been invited more and more to the "strategic party" with our C-Suite I am getting a first- hand look at the focus and lack of quality information we have in defining and leveraging key business performance metrics (corporate performance metrics)...
Hello My company is considering subsidizing housing for interns. According to our tax accountant if the employment is temporary ( i.e. lasts less than a year) and the employee is away from his/her "tax home" it would not be reportable as income . The guidelines...
Michael Dunn(Director of Finance at CaliCo Design)
It seems that every time we do a bottom-up budget, it a) takes a long time because we get inputs from across our company and have to roll it all up, and b) the bottom-up gets crushed by the top-down because regardless of how the numbers roll up, the CEO or the Board are...
We are currently audited by PwC but I want to explore using a less expensive firm for 2009. Any recommendations?
B Wool(owner at Self)
I obtained a promissory note in return for a business loan of which the debtor has since defaulted. I obtained a summary judgement which has since been vacated due to inadequate notice to the Debtor. It now seems it is a duck in a dry pond. Can I write this off as a...
Jennifer Detrano(President/Founder at JD Business Services, LLC)
Wondering how to account for a novation of a business line versus a rebranding of a business? What are the differences in accounting treatment for transferring positions? Any advice would be greatly appreciated.
Mark Sphar(Chief Accounting Officer at Veracity Payment Solutions)
All, I am updating our corporate travel policy and there is some questions around language regarding alcohol consumption during working hours as well as after hours (at a company event). Can someone share their company's policy around this? Thanks Mark
The following was a question posed by a CFO during a recent Revenue Recognition webinar: EITF 08-1 is only applicable to companies delivering hardware and software, or equipment containing software, but not a software only company - correct ? The webinar speakers will...
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