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What does Robert Holland think?


Revenues are recognized when (a) realized or realizable and (b) earned...
Yes, your right. I was just using the method of allocating another member. Generally it all depends on if there is GW or bonus paid to new members....
I would look at FMV (replacement cost) and use method of adding partners under GAAP. Bonus method where new partner pays a bonus or receives a bonus...
First if a distribution and treated as a return of equity then their is no tax treatment shorterm. Only upon liquidation or member leaving will tax...
Since the investment cost was $1000 and FMV potentially recognized is 1500. I would treat it aa like an installment sales wherether profit or income...
I also like Tom's reality show, it shows in today's economic times what people really want and need. They are seeking value at lowest cost. After all...
Jeff I have a very fundamenatl Revenue Recognition "recipe" or derived right from GAAP. Since you have a direct need for proper accounting treatment...
How to Win friends and influence People by Dale Carnegie The Psychology of winning by Dr Dennis Waitley The 7 Habits of Highly Successful People by...
Guys this is right on, I agree from management viewpoint it is truly a balancing act. Like walking a tight rope, one mess up or mistake can be a...
Be very careful as auditors we do not predict to look forward in our report, our examination are based on period in the audit and a reasonable period...
AU Section 341 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern Effective for audits of financial statements for...
Remember the context of the question is "small business" yes the goals of the organization are important and unless they are going to expand with...
I may say that Paul's comment is so true. Titles do not mean that the role of a CFO is missing and the roles of a CFO may not be needed at this...
Tax credit financing is at its simplest form looking at financing from a net of tax basics. Looking at the deductibility of interest,verses equity...