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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
(Deputy Treasurer - Staff Accountant) 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...
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...
Member's Profile
SHARON HILL
Title: BUSINESS PROCESS LEAD
Company: COOPERVISION
(BUSINESS PROCESS LEAD at COOPERVISION) Three options here : Original purchase price A reduced price to reflect the fact that it is now a refurbished part (expensing the cost of the refurn) Zero cost What would be the appropriate accounting treatment under US GAAP - we value these on the balance sheet currently...
Shibendra K Das
Title: IMCC
Company: YES
(IMCC at YES) I quit IBM in the month of Jaunary 2017, my last day was on 24 march 2017. I was given verbral communication and a document of my annual bonus details and was told that my bonus will get credit in the month of March 2017 salary. SO i got the final compensation and i noticed...
Member's Profile
Jill Nickerson
Title: CFO
Company: In Transition
(CFO at In Transition) I have noticed a trend for large multinational corporations to require 60 terms. Recently we received a letter from a large customer informing their vendor base that their research has indicated 60 day terms are now industry standard and they will be adopting the practice...
Anonymous Member
Anonymous
(Controller) It has been suggested to put Shipping supplies into selling expense in the selling section of the P&L. I have always seen boxes, packing material type expenses in cost of sales. How are others accounting for these expenses?
Member's Profile
Amit Saini
Title: Lead
Company: EclinicalWorks
(Lead at EclinicalWorks) I am looking to get a sense for industry practices around incentive's AR staff to improve collections. Do you incentive your AR staff above and beyond their normal pay. If so, what measures to you use to determine the incentive, and how do you continue to raise the bar? As...
Paul H.Fanid
Title: A Civil Engineer with more than 5 years
Company: Bs co
(A Civil Engineer with more than 5 years at Bs co)
Anonymous Member
Anonymous
(Controller Assistant) Hello, We have a management company A which receives payments and the other company B is used to pay bills. Last year, we opened anther company C to pay the bills as well. But we can not just close Company B. So now we use two companies(B and C) to pay bills. How can I...
Member's Profile
Hafedh Almutawakel
Title: Cheif Accountant
Company: Afri-Mahs Congo
(Cheif Accountant at Afri-Mahs Congo) After I pay the customs duties and the Vat Input on the imported goods, my clearing agent provides me with his clearance service fees invoice including Vat. Is the clearance agent Vat recoverable Vat or part of the COGS ?
Anonymous Member
Anonymous
(HR Manager) We have an intern that has worked during the summers while going to college for the past several years. He has always been paid, including required overtime. He came to work last summer and is still here and considered an intern. This means that he is getting paid, but...