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Technical Accounting

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Anonymous
(Derviative Accountant)
Our employee rented an apartment through an individual for business trips instead of staying in a hotel. We reimbursed our employee for the rent through our accountantable expense...
Anonymous Member
Anonymous
(Financial Accountant)
My company is revaluating inventory on a frequent basis ;monthly due to various factors including BOM changes; suppliers price increases; foreign exchange rate which is the main reason...
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Anonymous

Hello, My company is not a manufacturing company, however we assemble boxes of items and ship to customers as a subscription service. The entire shipment includes the label, mailer,...
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Chris Shumate
Title: Corporate Accountant
Company: Empire Corporation of Tennessee, Inc.
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(Corporate Accountant at Empire Corporation of Tennessee, Inc.)
The IRS recently issued Notice 2015-82 that is allowing companies without AFS to expense tangible personal property items up to $2500, which is an increase from the original $500....
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TALAL ALSABOONI
Title: Auditing director
Company: Al Roubaia for textile Co. FOURTX
(Auditing director at Al Roubaia for textile Co. FOURTX)
if a company paid big expenses (shipping cost and clearance ..etc) to move the fixed assets abroad in order to sell it next year, but the selling transaction net ended before 31.12....
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Sela Roth Song
Title: Acounting Officer
Company: Cambodian Mine Action &Victim Assistance..
(Acounting Officer at Cambodian Mine Action &Victim Assistance..)
I am working under the project which is funded from ADB. We recieve fund as a grant to expense for implimented project partners and run office operations. We have no rental fee or any...
Anonymous Member
Anonymous

My growing startup business has many small recurring expenses for different subscription services. There are over 25 recurring expenses ranging from $10 to $500 each month. Some are...
Anonymous Member
Anonymous
(Controller)
We agreed to purchase an asset in EUR. We paid a deposit a year ago and then several payments this year. Each time we paid the rate was different for the EUR we paid. Do we need to...
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Mariam Montano
Title: Internal Auditor
Company: The Salvation Army
(Internal Auditor at The Salvation Army)
I am undertaking research on this to compare against our current practices.
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Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
How do you maximize your inventory turnover so you don't carry too much inventory, but don't run out? Are you using Distribution Requirements Planning or some other algorithim?
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Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
Is anyone using FIFO, and if so, why? If you've been using it long enough, has the pendulum swings in our economy supported that choice or did you get "stung" by using...
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Radames Medina
Title: Principal Consultant
Company: Freelance Bookkeeper and Accounting Serv..
(Principal Consultant at Freelance Bookkeeper and Accounting Serv..)
We are a small technology company (just made 2 years old a few months ago). What can i do to minimize the taxes that we will have to pay on our revenue when it comes time for filing...
Anonymous Member
Anonymous
(n.a)
We are currently using $500 threshold to capitalize assets, and discussing increasing it to $2,500 per IR-2015-133. I would like to know how I should treat the existing assets,...
Anonymous Member
Anonymous
(Accounting Manager)
Is it appropriate to capitalize leasehold improvements that were paid for by the landlord? The improvements include general construction for office space build out
Anonymous Member
Anonymous
(Finance Director / Controller)
Sublease Question: Company A which is not involved in Real Estate renting or leasing in any way subleases space to Company B, at a loss of $5K per month.  On top of the difference...
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Jack Ormberget
Title: CFO
Company: Color Star Growers of Texas, Inc.
(CFO at Color Star Growers of Texas, Inc.)
Who pays business property tax on leased equipment? We are about to lease a piece of equipment for our manufacturing process.  It's an expensive machine and the lease extends...
Anonymous Member
Anonymous
(Accounting Manager)
Any insight into the proper accounting treatment for detachable warrants
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Cielo I.
Title: Sr. Accounting Manager
Company: ABX
(Sr. Accounting Manager at ABX)
As per the company policy assets are depreciated using the straightline method and depreciated in service date. However, in the JDE system we used straightline but have two...
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Susan Wayland
Title: Chief Financial Officer and Director of ..
Company: San Francisco Day School
(Chief Financial Officer and Director of .. at San Francisco Day School)
We are a non profit higher education organization and I am looking for ideas to make the monthly board of trustees financial report narrative more readible and accessible to our...