Technical Accounting

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Eddie Price
(CFO at Shoe Sensation)
trying to create two new positions in the accounting department. One an inventory accountant (oversee 110 field inventories, recon perpetual to physical, and responsibilities for...
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Anonymous
(Accountant)
Hello, Wondering whether non-profit corporation is allowed to invest / buy 10 year note with real estate as a collateral. Will the earned interest income jeopardize the tax-exempt...
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Event Questions
(Event Questions at Proformative)
  "In IFRS, are all asset values based on valuation? What happens to depreciation? Is it just the change in value, whether up or down, annually?" This question was asked...
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Spencer Criddle
(FP&A Manager - Supply Chain at Boart Longyear)
I work for a firm with manufacturing locations and warehouses throughout the world. We have run into some issues costing product as it moves into South America because of some apparent...
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Anonymous
(Sourcing Specialist )
Is there a standard template to cover the sponsorship of general event to cover the deliverable and branding etc.
Anonymous Member
Anonymous
(Accounting Manager)
We are considering entering into a lease that has a bargain-purchase option. How should we handle accounting for this lease?
Anonymous Member
Anonymous
(FINANCE MANAGER)
Can I transfer this fixed asset back to inventory so that it can be expensed with the individual units as they are produced without being out of compliance with GAAP?
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Len Green
(Performance Improvement Consultant and E.. at BT Partners, LLP)
The situation: a company distributes a product. It either drop ships it from its suppliers to its customers, or it stores it in rented storage (esp. seasonally) until customer orders...
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Anonymous
(Assistant Controller)
My company is undergoing our first year audit, and our tax professionals have provided us with our tax provision for those years. I did provide the PBC to them, but could someone give...
Anonymous Member
Anonymous
(Controller)
Our customers have the option to enter into a 3 year 0% interest lease with a 3rd party. The leasing company pays us full value of deal up front, however, they charge us a 11% cost (ie...
Anonymous Member
Anonymous
(Accountant)
An organisation accounts for its property, plant and equipment at cost or valuation less accumulated depreciation and impairment losses. All the asset classes , i.e Floor Equipment (...
Anonymous Member
Anonymous
(Controller/Finance Manager)
Does accrual of partner's (LLC-member) min tax distributions (not guaranteed payments like salaries) make sense and is a better alternative in some specific cases to a common...
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Judy Gardner
()
Company had fixed asset vehicle that was wrecked and totaled by insurance company. Received payment that was equal to book value. Do I debit Accumulated Depreciation and credit fixed...
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Carla Salazar
(CFO at Crafts Americana)
We currently use Great Plains version 10. It served us well but would like a package built on new technology, on the cloud, reliable and secure. At this point I would like to replace...
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Katherine Gledhill
(SVP of Finance at Magnet Media, Inc.)
In a liquidating event, how is the equity related to the strike price of exercised options distributed? Does it get allocated to the existing shareholders based on the non-diluted...
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JUDY BROWN
(CFO at FAMILY ARK)
We had a capital campaign drive. Employee who pledged an amount has resigned and rescinded their pledge.
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Annette Nellen
Title: Professor
Company: San Jose State University
(Professor at San Jose State University)
  Revenue magic! H.R. 1891 (114th Congress), the African Growth and Opportunity Act Extension and Enhancement Act of 2015, sponsored by Congressman Paul Ryan, extends...
Anonymous Member
Anonymous
(VP of finance & Ops)
When the money was received for the pledge cash was debited and revenue was credited, the pledge was never booked.
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Anonymous

Just wondering how many companies do Inventory roll-forward perpetual inventory as part of their inventory close process.  , vs, just pulling perpetual records comparing to the...
Anonymous Member
Anonymous
(Financial Manager)
I have a quick question regarding charitable donations to a 501c3 organization. We are a Church who has two large ministries under the same tax id as the Church. If someone wanted to...