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Member's Profile
Janice Taylor
Title: CPA
Company: Self
(CPA at Self) A friend just told me that Western CPE has filed chapter 11. I have used them for years. What should I do with my CPE certificates from them, and who should I look at next for CPE?
Member's Profile
Olive O
Title: Controller
Company: P&P
(Controller at P&P) If a contract's effective date is in October but was signed in December, would rev recognition begin in Oct or Dec? Considering we haven't adopted the new standards
Member's Profile
Tommy Barzola
Title: Manager
Company: Wintrust Bank
(Manager at Wintrust Bank) Good day all Under FASB 91, as a lender we are to recognize loan origination fees and costs over the life of the loan. In my office there is some discrepancy of how we go about accounting for this. Can someone explain the proper way to record these fees? Since we are not...
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Taewon K
Title: Staff Accountant
Company: CPA
(Staff Accountant at CPA) Hello, I had a question about financial statement presentation for an audit. In 2017, an LLC converted to a Corporation mid-year. At the time of the conversion, the net income to date was closed and allocated to the Corporation's equity. On the financial statements, I am...
Member's Profile
Chun Huat Tan
Title: Finance Executive
Company: Singapore
(Finance Executive at Singapore) Hi, We will be developing an online e-commerce platform for buyers and sellers to transact. We will charge a fixed % of platform commission for the usage of platform. Payment gateway merchant will collect the amount paid by buyer which consist of seller's cost of item,...
Anonymous Member
(Accountant) We are planning on purchasing a significant amount of large metal trays that will be used with our manufacturing equipment. Individually, they only cost about $300, but in total will put us back about $180K - they all will be purchased at the same time. Can we capitalize...
Member's Profile
Sufyan Alvi
Title: Assistant Manager
Company: Nyumba Ya Akiba SA
(Assistant Manager at Nyumba Ya Akiba SA) Hi, I want to ask that when we collect previously written-off receivable, we make entry of Dr Cash Cr Allowance for Doubtful Debts. And, earlier we had already passed an entry of Dr Bad Debt Expense Cr Allowance for Doubtful Debts In the above case, we put the...
Doug Sleeter
Title: President
Company: The Sleeter Group, Inc.
(President at The Sleeter Group, Inc.) A restaurant’s success relies on an effective back office accounting system, and QuickBooks financial software can be a critical part of that success. QuickBooks can be used for purchasing, bill paying, tips tracking, gift certificates, cash management, time tracking...
Anonymous Member
(Manager, Tax Accounting) Hello, I'm a CPA with 16 years of experience listed below from the latest to oldest 5.5 years Tax Accounting (ASC740) 3.5 years private company financial reporting 7.0 years Big 4 public accounting firm (Financial audits) I feel I'm hitting a road block in my career. I've...
Matt Moradi
Title: Accounting specialist / Bookkeeper
Company: Neuvoo
(Accounting specialist / Bookkeeper at Neuvoo) Hi all, I was wondering, for auditing purposes, do I need to have document explaining Rent payment? or for example some expenses like office cleaning, that we pay cash on receipt (By check- no invoice or bill) Generally, for expenses without Bill, what is the procedure and...
Anonymous Member
(Strategic program manager ) Hello. We purchased several fixed assets at a significant discount because a similar company was going out of business. In our financials, we recorded the assets at cost and they are depreciating in accordance with policy. Does replacement value need to be factored into the...
Member's Profile
Matt Capozzi
Title: Controller
Company: Brogan Landscaping
LinkedIn Profile
(Controller at Brogan Landscaping) An insurance audit created an additional bill for premium to my company. That audit covered a period between November 2016 and march 2017. A CPA firm completes the owners taxes for the company and has already completed taxes for 2016 and 2017. The company is an LLC so going...
Anonymous Member
(Director of Finance/Controller) GDBR law will become effective on 05/25. Just wonder if any companies in US having no entity in EU are required to implement this law or not. If so, please share the implementation experience in terms of implementation cost and resource.
Member's Profile
Chris Peterson
Title: Accountant
Company: Xcel Energy
(Accountant at Xcel Energy) Need career advice on how to get out of the nightmare situation that I’m in. My LinkedIn profile: Working for a large utility company in Minneapolis/Saint Paul that rarely hires anyone who starts as a contractor. I have...
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Member's Profile
Inderpal Singh
Title: Learner
Company: XYZ
(Learner at XYZ) Hi there What all journal entries are required to be posted in accounts receivables. What accruals means in context of accounts receivables. if we don't receive payment on month end then what entries are to be posted. If someone says that we have received invoice this month...
Member's Profile
Sarah Zodin
Title: VP Accounting
Company: HomeAdvisor
(VP Accounting at HomeAdvisor) I have had expenses submitted any where from 1 day after the expense was incurred to as much as 9 months. Our current policy requires reimbursement request to be within 30 days from the date the expense is incurred.
Anonymous Member
(Finance Professional) One of my clients are involved in the business of importing medical equipment and hiring them out to hospitals. The company does not charge a significant payment from the customer in the initial stage, however recovers the investment through monthly rentals and consumables...
Member's Profile
Jack Simson
Title: Support
Company: AccountingSky
(Support at AccountingSky) I would like to share a free e-course on Accounting for anyone who wants to refresh their memory about debits and credits. Please let me know what you think about the delivery of the material. Enjoy!