Accounting

Anonymous Member
Anonymous
(Audit)
If a company who sells goods charge freight to the customer on its invoice, I think it's recognized as freight revenue and then expense shipping cost under SGA. My question is that...
Anonymous Member
Anonymous
(Audit)
I believe that Sales return reserve is either to be recorded as liability if the return is processed by paying cash, and is recorded as AR reduction if the company issues credits. What...
Member's Profile
Sharon Desser
Title: Director of Finance
Company: sharondesser
(Director of Finance at sharondesser)
I was tasked with preparing pro forma financial statements for 2013-2015 by a Board Member who is responsible for secure capital investment. I prepared these reports, which in excel,...
Member's Profile
Tim Williams
Title: CFO
Company: Private
(CFO at Private)
I am being asked to "shop for" an audit firm that can handle the growth we plan  to experience. What are the main differences between the big four accounting firms? Are...
Member's Profile
preeti pateria
Title: AVP- Finance
Company: EXL
(AVP- Finance at EXL)
In a case where lots of entries are falling in GL and currently take 2-3 months to identify if these are to be expensed off or to be capitalized- in that situation, should some sort of...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
Mike Ozanian of Forbes claims in his recent article that Alibaba's operating cash flow doesn't jive with earnings. What ratios do you use to determine possible fraud? http://...
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
An article on Bloomberg discusses disagreement between the SEC and Financial Accounting Standards Board on how carried interest should be reported. Besides the merits and weaknesses in...
Member's Profile
blair illiano
Title: N/A
Company: N/A
(N/A at N/A)
Running your own in-house accounting services may have worked well for your business so far, but if you’re looking to cut some costs and save some money, then outsourcing your...
Anonymous Member
Anonymous
(VP, Finance)
Hi. I have received conflicting advice as to how to account for accrued PTO for exempt (salaried) employees. I understand that we need to debit PTO expense and credit Accrued PTO for...
Anonymous Member
Anonymous
(Sr Accountant)
Our company starts a long term incentive plan that works over 5 years. Is there any GAAP that we can refer how to record a long term incentive plan? Can anyone point me how we can...
Anonymous Member
Anonymous
(Controller)
We are a manufacturing company that uses our own product during the construction of our assets. In QuickBooks, how do you account for the use of our product for an asset?
Member's Profile
Anthony Pascente
Title: CFO
Company: TWFG Financial Services
(CFO at TWFG Financial Services)
I see that there has been questions asked on this topic in the past but this is my dilemma. We developed a software and customized it for a third party, however the company will also...
Anonymous Member
Anonymous
(Finance Director / Controller)
I recall from my audit days that most law firms use a modified accrual basis of accounting. This still permitted? I think there were some recent moves to force professional service...
Anonymous Member
Anonymous
(Controller)
We have a primary business of leasing and renting equipment. If equipment was originally purchased to be used in one state, but later determined to bring better utilization in another...
Member's Profile
Andy Tan
Title: Supervisor
Company: AVS System Networks
(Supervisor at AVS System Networks)
In the company we are working now, it's required that Manager of each department has to set up annual targets/objectives for the department. It's quite easy for Sales or...
Member's Profile
Nithya Arun
Title: Technical
Company: Self employed
(Technical at Self employed)
Member's Profile
Lee Andrews
Title: P/T CFO, Business Consultant
Company: Pacific Bag, Inc./Other Clients
(P/T CFO, Business Consultant at Pacific Bag, Inc./Other Clients)
Hypothetical #1 -- say a company is in the business of making auto wheel rims and uses lathes in the manufacturing process. If they sell off a used lathe, then I have always...
Member's Profile
Jennifer Kelley
Title: Accounting and Reporting Director
Company: Balfour Beatty Construction US
(Accounting and Reporting Director at Balfour Beatty Construction US)
Our construction company has recently enhanced our supply chain efforts and will begin receiving sizable vendor rebates in the upcoming months/years, but we're unsure as to whether...
Member's Profile
Mike Long
Title: Manager
Company: Private Equity Administrators LLC
(Manager at Private Equity Administrators LLC)
Hi Guys, I need to identify Saas based ledger systems that i can use for a new start-up with operations in US and Chile. Prfereable the Chilean ledger is in spanish and obviosly needs...
Anonymous Member
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...