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Anon Anon
Title: Trsry
Company: Anon
(Trsry at Anon) What are the rules regarding intercompany loans between U.S. entities (U.S. parent to U.S. sub)? I want to set up physical cash pooling in the U.S. between U.S. entities and am thinking about... - Do I technically nees to track loans between U.S. entities? If so, why?...
Anonymous Member
Anonymous
(CFO) The U.S. company I work for deals extensively with international customers. Many contracts require us to post a performance bond against default (~10%) to ensure delivery of a product meeting the customers specifications. In the past, bank standby Letters of Credit had...
Anonymous Member
Anonymous
(Advisor) I've recently joined a company as CFO (having been venturing in other areas for awhile) and have been asked to look into a Positive Pay situation which is apparently a more recent addition to the banking institutions. Is this pretty much standard with all the banks...
Anonymous Member
Anonymous
(business banking) I'd like some advice. I currently work in banking MNC in India, specifically business banking (small and medium enterprises). I would like to go into corporate banking, but I wasn't sure if the CMA USA or CFA would be better. Any guidance?
Anonymous Member
Anonymous
(__) I'll define "larger" as being over $500 million in revenue. So who leads and coordinates goals in working capital?: 1. The controller/accounting area; or 2. Treasury/Finance area managers; or 3. Individual departments like AR and AP responsible with direction...
Ken Stumder
Title: Finance Director / Controller
Company: Ken Stumder, CPA
(Finance Director / Controller at Ken Stumder, CPA) Do any of you use standing ACH Authorizations to help secure your bank accounts? Do you find it problematic or beneficial overall? One of the steps to getting this set up is to provide a list of trading partners and thresholds (if wanted). I am reviewing our historical...
Anonymous Member
Anonymous
(Finance Director / Controller) Working on some cash conversion analyses for our board and management and the methods one can use to calc DSO/DIO/DPO are varied. I have seen DPO calcs done using purchasing while others use Cogs. I have seen DIO calcs done using sales while others use Cogs. Appreciate...
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com) According to a WSJ article: "By some measures, PayPal Holdings Inc. holds more customer money than all but 20 U.S. banks. What does that say about the future of banking? At the end of March, customers of PayPal held more than $13 billion in accounts at the online-...
john Olson
Title: Senior Associate, Marketing Programs and..
Company: Radius | Global Growth Experts
(Senior Associate, Marketing Programs and.. at Radius | Global Growth Experts) Why does your bank suddenly want more of your information? One word: FATCA. The Foreign Account Tax Compliance Act, FATCA’s full title, is a system of information exchange instigated by the US Internal Revenue Service. The US Treasury Department website...
Anonymous Member
Anonymous
(CFO) We are a $15mm - $25mm revenue technology and services company looking to spend ahead of new sales. We have an offer for a $2m working capital line based on our A/R. We probably need about $1m over 12 months then will be cash neutral. I have 2 main questions: 1) are there...
Anonymous Member
Anonymous
(Controller) A customer initiated a wire transfer on 12/30/11 but it did not post to our bank account until 1/03/12 (first banking day of 2012). Could this be considered constructive receipt and therefore included in 12/31 cash balance as a deposit in transit? Also have checks received...
Anonymous Member
Anonymous
(Controller) Example if you are a sterling functional currency organisation and you complete a euro currency reconciliation to identify your exposure, what accounts do you include? Would you include construction in progress accounts seeing as you would not include fixed asset accounts?
Anonymous Member
Anonymous
(CFO) Have you come across PCARD fraud where the receipt is electronically altered to change a personal receipt to that of a company's expense?
Margaret Carey (ACMA)
Title: Business Development
Company: Raida solutions
LinkedIn Profile
(Business Development at Raida solutions) Hi, I'm in the process of translating a USD entity into GBP and have come up with a Foreign currency translation reserve (FCTR) amount which makes sense. The calculation is all off line on an Excel file. Intuitively (to avoid double counting) it seems I should reverse...
Event Questions
Title: Event Questions
Company: Proformative
(Event Questions at Proformative) This question was asked during the Proformative webinar "Key Elements of a Successful Hedge Program."  A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-key-elements-successful-hedge-program
Robert Spokane
Title: Internal Auditor
Company: Shelby Residential & Vocational Services..
(Internal Auditor at Shelby Residential & Vocational Services..) Question for the Non Profit experts out there about pledges receivable. I have a client who is in the middle of a Capital Campaign and is getting pledges that span from one to five years, many of which are employees. the client wants to record the present value of all...