Accounting

Member's Profile
Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager at Dominion Development Group, LLC)
I dabble in a little creative writing when I'm not working at my full-time job. I'm wanting to take my writing to the next level, but I'm looking for some direction. Does...
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
SRIDHAR RANGANATHAN
Title: GLOBAL FINANCE CONTROLLER
Company: JIFFLENOW
(GLOBAL FINANCE CONTROLLER at JIFFLENOW)
We are a SaaS cloud based start up. We are trying to arrive at ARR and MRR for our business. We have both Annual Contracts (>=12m) and Semi-Annual (2m/3m/6m) contracts as well. For...
Anonymous Member
Anonymous
(Accounting Manager)
Example: Your warehouse department receives in the wrong product on a receipt. Is it written out somewhere on how they are to correct the error? And should the warehouse notify the...
Anonymous Member
Member's Profile
Umashankar K.R.
Title: XBS
Company: XBS
(XBS at XBS)
Can someone please share some of the best practices followed in month end closing journal entries and accounts reconciliation in general?
Member's Profile
Margaret Hsia
Title: Financial Consultant
Company:
(Financial Consultant)
My understanding is that audit/tax fees no longer need to be accrued for a monthly basis but expensed in the period incurred.  Do you have a guidance reference that supports...
Member's Profile
Vernon Reizman
Title: CFO
Company: RCM Industries, Inc.
(CFO at RCM Industries, Inc.)
We currently run 4 mfg plants of similar size ($25 MM sales, 200 ee's each) in 3 states with a controller  and related accounting functions at each plant reporting into a...
Anonymous Member
Anonymous
(Managing Director)
My company is considering obtaining royalty base financing to raise capital. This type of funding is not debt financing nor equity financing as there is no dilution of equity. The...
Member's Profile
Mackenna Rose
Title: Accounting
Company: Banking
(Accounting at Banking)
In 2015, the FASB released ASU 2015-15 pertaining to cloud computing software arrangements (i.e., hosting arrangements). The purpose of this Update is for cloud computing customers to...
Anonymous Member
Anonymous
(Accounting Manager)
Is it appropriate for the OPS dept. to go behind the scene and delete a receipt of goods entry due to error after the receipt has been posted and not notify accounting?
Anonymous Member
Anonymous
(Assistant Accountant)
My company uses the accrual method of accounting. Up until working here, I had always worked with the cash basis. My question is when entering invoices, do I use the date on the...
Member's Profile
Patrick Brown
Title: Controller
Company: TalentQuest
(Controller at TalentQuest)
Are there any cash basis tax payers out there who prepare their internal financials on an GAAP/Accrual basis? If so, how do you treat capitalized software for tax purposes?
Anonymous Member
Anonymous
(Treasurer)
We are a small non profit whose major source of income is private donations. We occasionally purchase promotional items with our logo. Some items are donated while others are sold from...
Anonymous Member
Anonymous
(Sr. Accountant)
I'm confused by an entry a CPA made prior to my time with this organization. During the 2014 fiscal YE close, the external CPA provided and advised in house accounting to create a...
Anonymous Member
Anonymous
(Finance Officer)
Using the allowance method do I write off the balance against the allowance for pledge receivable account or the allowance for discounted receivable? One pledge was booked in this...
Anonymous Member
Anonymous
(Finance Director / Controller)
We have a security deposit on our office equal to about a year's worth of lease payments. 7 year lease. Is this the norm in the community's experience? We are planning to take...
Member's Profile
Jean Chidley
Title: CFO
Company:
(CFO)
Is anyone aware of an accounting policy statement supporting treatment of credit card fees as an offset against revenue (e.g., cost of services sold) as opposed to an operating...
Member's Profile
Ernie Humphrey CTP
Title: Executive Director
Company: The CFO Alliance
LinkedIn Profile
(Executive Director at The CFO Alliance)
Accounts payable automation can remove process inefficiencies, mitigate duplicate invoice processing, improve controls, mitigate payments fraud, fuel more effective working capital...
Member's Profile
John O'Rourke
Title: VP of Product Marketing
Company: Host Analytics
LinkedIn Profile
(VP of Product Marketing at Host Analytics)
There’s been a lot of buzz in the accounting and finance community recently about the upcoming change in revenue recognition guidelines from the FASB and IASB.  To date,...