Accounting Policies & Processes
Recent Activity
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 leger?
(CFO at Private)
Anonymous
(Controller)
Would love to get an insight on fixed asset policy you have seen out there in your companies or with your clients. More specifically, what determins whether you expense or capitalize an asset? I'm re-writing our policy right now, and trying to decide what it...
(CFO at Private)
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 people, 3rd party costs, etc - and then amortize them over the revenue generating life of...
Anonymous
(accounting)
Example : rebuilding the network infratructure .The project includes servers, WIFI stations, phones etc... all under your current policy level . Capitalize as a group? Should a group of assets threshold also be specified in the policy or is there any specific accounting...
Anonymous
(Assistant Controller)
We have a contract in which we incurred freight costs against. The agreement is that the partner will allow our company to deduct the amount of the freight costs from payments owed to them. The payments are less than the incurred costs. Can anyone provide...
(SAP Manager at AAA)
Anonymous
(Corporate Controller)
My company is going thru a "right-sizing" exercise and we are looking for updated benchmarks for IT, marketing, finance and HR spend as a % of net sales. I know that this is oversimplifying but would like as many sources as possible when I present to...
Anonymous
(Consultant)
Could someone explain to me how accrued revenue and revenue write-offs are accounted, when considering pure time & material assignments as well as assignments where there is a mixture of fixed-fee billing and (extra) time billed?
