Accounting Policies & Processes

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Anonymous Member
Anonymous
(Regional Finance Director)
My predecessors established a very vague asset policy which I am now revising to include additional information. However, they bumped the asset threshold from $1,000 to $5,000 and...
Anonymous Member
Anonymous
(Controller)
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...
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Nell Ma
(Controller at DeepSky)
My company just wrapped up fund raise through Reg A; since there is no par value, means there is no add'l paid-in-capital. Question is for the expense that was occured related to...
Anonymous Member
Anonymous Member
Anonymous
(EVP- CAO & CFO)
What is best practices around grossing up a sales spiff (e.g. trip to Aruba) as a %?  What happens if you have a sales staff that cross many brackets?
Anonymous Member
Anonymous
(Financial Reporting Manager)
Our company provides hosted SaaS which we recognize under ASU 2009-13 via BESP. Currently, we capitalize "direct & incremental costs" - such as commission to the sales...
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Anonymous

We have entered into a partnership with a company offering a Software-as-a-Service to us.  We can request that they customize the software for us.  If it is something that is...
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Jeff Sheffler
(Controller at IFF)
We have received grant funds to purchase and rehab real estate (condos or single family homes) to rent out to qualifying individuals.  Part of the proceeds received include a...
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Len Green
(Performance Improvement Consultant and E.. at BT Partners, LLP)
Our research with MSFT resellers indicates that, out the box, NAV does not support the automation of intercompany due to/from entries when processing interco transactions (e.g. a...
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Allan Kaplan
(CFO at Euclid Systems Corporation)
We are in the process of negotiating a development license where a big pharma company would pay the costs of continuing R&D on our project.  Can someone provide guidance on...
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Thomas Sabath
(Controller)
Where is the proper place on the Balance Sheet for the GL account of Factored Receivables. Contra-Receivable or Short Term Lilablity?
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Eddie Price
(CFO at Shoe Sensation)
My company is working with a consultant to generate Work Opportunity Tax Credits.  50% of the fee is paid at time of service, 50% is deferred until credit is utilized.  both...
Anonymous Member
Anonymous
(CFO)
Our company prepaid a significant amount of court related costs to a German court. I am looking for guidance on whether to expense or record as a prepaid expense.
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Bill Quinn
(CFO at Large at CFO-at-Large, LLC)
I have a near-term opportunity to land a relatively-small construction client for part-time CFO services.  I have worked in construction although such experience is a...
Anonymous Member
Anonymous
(Accountant)
Every year, we use to give gift cards to our mail carrier, UPS and Fedex carriers for their service during the year. Should those expenses be treated as "Sales expenses"? Or...
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Kathie Lee
(Director at Ravix Consulting)
My client is an internet website service company that offers products/services for the real estate industry.  Their R/D cycle/style is to do a series of short, iterative projects...
Anonymous Member
Anonymous

Let's say a company discounts a $600 item to $300 for Cyber Monday.  Is it recorded as $600 in revenue or $300?  Then, if it were $600, is $300 added to a sales discount...