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Technical Accounting

Anonymous Member
Anonymous
(Financial Accountant)
What is the correct accounting treatment for consignment stock if the consignee is the consumer of the goods. Please advise. Thanks
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Keith Perry
Title: Consulting CFO and Business Operations A..
Company: Growth Accelerator
(Consulting CFO and Business Operations A.. at Growth Accelerator)
I have a few non-profits I've worked on, and with some budgeting is a core function. With others they are very cash oriented, and budgets are almost non-sensical. Have you tried a...
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Sheila Klopp
Title: Controller
Company: Cambridge-Lee Industries LLC
(Controller at Cambridge-Lee Industries LLC)
What are best practices for Accounting for spare parts and what is the difference between spare parts and capitals spares? We are setting up a store room (physically and in SAP) to...
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Faye S. Creech
Title: Sr. Accountant II
Company: Builders Mutual Insurance Company
(Sr. Accountant II at Builders Mutual Insurance Company)
We have some payments made to both claimant and attorneys for settlements for health claims. It is clear from the IRS website that we send the 1099MISC for the full amount to the...
Anonymous Member
Anonymous
(Finance & Accounting)
Under ASPE, we are trying to find out if the building lease falls under capital or operating lease. If I have a situation where all other criteria are not met but the one criteria...
Anonymous Member
Anonymous
(Cpa)
other details: -none of the costs were reimbursed by employer -incurred by a VP of Advanced strategy group
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Kimberly Boyer
Title: mng member
Company: Thurman & Clancy LLC
(mng member at Thurman & Clancy LLC)
I'm working with a property management company and she has several owners who all have ITIN or EIN numbers but she thinks her previous accountant reported their rental income on a...
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Sharon Desser
Title: Director of Finance
Company: sharondesser
(Director of Finance at sharondesser)
What are the pros and cons of changing a tax return basis from Cash to Accrual for an LLC?
Anonymous Member
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: Accounting Manager
Company: Dominion Development Group, LLC
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(Accounting Manager at Dominion Development Group, LLC)
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...