ADVERTISEMENT

Topics

Anonymous Member
Anonymous
(Accountant)
We are receiving calls from several agencies that say they have located a dormant/unclaimed cash asset held in our name and can help us to recover it. And they require to sign an agreement with 10% commission. Is there anyone with similar experience?
Anonymous Member
Anonymous
(Sr. Auditor)
A company registered in country A collects all the billing and settlement plan (BSP) and Cargo Account Settlement Systems (CASS) and refund it to HO. The service charge which it collects on behalf of HO, and what shall be accounting treatment for it? Thanks in advance!
Anonymous Member
Anonymous
(N/A)
How do you account for leasehold improvements you are paying for until the work is completed and you are ready to start amortizing? I will be getting invoices in soon for the work as it's done and I'm not sure what type of account it goes to - seems like it should go to a...
Anonymous Member
Anonymous
(Financial Service)
For volatile inventory items eg : Gold avg holding period is calculated and an avg rate taken (avg of gold rates prevailing in the market for that holding period ).The quantity of Inventory are then multiplied to that rate and estimated the value of inventory is derived..
Member's Profile
Craig Canter
Title: Controller
Company:
(Controller)
This is a new industry with a new problem for me: The ranch sold a breeding bull to a customer. Customer took possession of the animal. We booked a Sale/Accounts Receivable plus COGS/Inventory transaction. Subsequently the bull stopped breeding (I guess the customer has...
Member's Profile
Matt Richard
Title: Accountant
Company: WSWS
(Accountant at WSWS)
We are receiving Revenue on behalf of another company, we have created a line in the Balance Sheet to capture all the revenue collected on behalf of a sister company. Since we upload our bank statement through our accounting system, we need to create an invoice or receive...
Member's Profile
Len Green
Title: Performance Improvement Consultant and E..
Company: BT Partners, LLP
LinkedIn Profile
(Performance Improvement Consultant and E.. at BT Partners, LLP)
If you have used VAI S2K Distribution ERP software, can we chat? I am researching software for a dealer distributor who represents multiple equipment vendors over multiple locations. Thanks
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
A WSJ article talks about the new executive order from President Trump. It could limit H1B's in a variety of ways (the order isn't that specific). https://www.wsj.com/articles/hire-american-plans-could-hobble-indias-outsourcers-1492599604 Some of the ways is raising...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
Would you disclose the volatility of the social media storm hitting United and the possible downward trend it may cause in your filings? An article in WSJ discusses this issue. "What Should CFOs Do Amid A Social Media Uproar?" https://blogs.wsj.com/cfo/2017/04/18/what-...
Anonymous Member
Anonymous
(Accountant)
Revenue collected on behalf posted in a liability account on B/S. Amount received is inclusive of gst, how to account for this gst?
Member's Profile
Vincent Ryan
Title: Editor in chief
Company: CFO
(Editor in chief at CFO)
According to our story on CFO.com today, there are four "anchors" that tend to prevent big or small company from taking necessary actions for growth. Most of these anchors involve the office of the CFO. They include bureaucracy, operating with a short-term mentality,...
Anonymous Member
Anonymous
(Business Finance & Operations Strategist)
I have noticed that I have been getting more frustrated/impatient with people who not only know little to nothing about how finance and accounting impacts their business, that they also refuse to put together, or even ask about preparation of business plans and related...
Member's Profile
Raj Kribs
Title: Finance manager
Company: Self
(Finance manager at Self)
Like inventory of commodities like gold, silver , oil etc if presuming, on book closure week price falls by 20% to recover the following week by say 15 %?
Anonymous Member
Anonymous
(Finance manager)
Can the question be edited or deleted once posted in proformative site, once the time limit has expired.
Member's Profile
Kenneth Justo
Title: Senior Manager
Company: ACT
(Senior Manager at ACT)
Entity A owns Entity B. Entity B is the beneficial shareholder of Entity C, shares of which are currently being held by a nominee shareholder. Should Entity A include Entity C in the consolidated FS considering that per public records, the nominee shareholder is the...
Member's Profile
mick ax
Title: Accountant
Company: N.A.
(Accountant at N.A.)
Hi All, At the bottom of the group cash flow, there is this line between opening and closing cash & cash equivalents for the year: Group Cash Flow: Exchange gains/(losses) on cash and cash equivalents Could I ask what would be the steps or an example to get this amount...
Anonymous Member
Anonymous
(Sr. International Accountant)
We have a significant amount of the implementation cost from workday. The amount covers 1)subscription fee $500K, 2) training fee $50K ( part of the implementation standard what workday requires , but also good for our internal team) , 3) delivery assurance fee $50K --this...
Anonymous Member
Anonymous
(IT)
I have a long-term desire to work as a IT Auditor but I want to get some experience on the financial side of auditing first but since the job market for an Internal Audit opportunity requires a lot of industry experience it's been a challenge because the experience that...
Anonymous Member
Anonymous
(Finance Director / Controller)
I had an interview recently where the question "how do you determine the right time to add staff in non-operational roles?" Seems like a simple question but I wanted to pick the brains of the Proformative community. In your collective experience, how have you...
Member's Profile
josh scott
Title: housekeeper
Company: nyp
(housekeeper at nyp)
I'm a recent graduate student in accounting, I have a done an internship while I was in school. I thought that the internship would help me out finding job easily in the job market. However, after too many tries and desperately wanted something in my field I ended up...