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What does Nick Sinigaglia think?


Net the legal expense with the recovery, so the net recovery is $70. Restore $70 of your allowance (as opposed to $100) which will lower your future...
Workiva has a pretty nice (albeit new) product. Also check out ACL.
The above comment was in response to Neil's comment above, not a general "I disagree." Must have posted it in the wrong spot. I blame by smartphone...
Respectfully disagree. I agree with you that the P&L effect is zero, but simply because the balance sheet effect "nets" to zero in no way means...
Generally speaking, in order to capitalize the moving costs, the move must somehow increase the value or useful life of the asset. If your company is...
Invoicing your customer prior to shipment shouldn't so much be a SOX issue so long as you have a procedure in place to properly address the specific...
I'm not sure of the authoritative guidance, or if there is any specific to this matter. I think the guidance would be the general definitions of...
Upon acquisition, you will determine if the asset qualifies for capitalization in accordance with your policies. The asset must meet the GAAP...
There are numerous 3rd party email applications to encrypt email, but most I've seen do require another password or clicking links to external...
If you're receiving a refund, then you overpaid (i.e. over expensed) during the course of the year. The refund has no characteristics of revenue or a...
Personally, I've expensed as everyone above mentioned. Wayne mentioned materiality. I have known companies to merely expense it as they go as...
Hands down......go with Presti & Naegele. www.pntax.com
The lease term should be the fixed term plus any renewal options that meet specific criteria (mostly bargain renewals or renewal periods where there...
I think a lookback is an attractive feature, although it makes valuation a bit more complicated due to both the call and put provisions. Personally...
Are you talking about cash flow classification? If so, the guidance basically defines it in the negative. If it is not an investing or financing...
I believe Coupa recently made an acquisition that will bring OCR technology to their procure-to-pay solution. I'm in the process of implementing...
Not to over complicate the matter, but if you are opening offices in other countries and you have a separate entity for those, you'd need to evaluate...
SAB Topic 5(A) is the guidance you are looking for. I believe EY also has a great Hot Topic on the subject. You can also find disclosure in the S-1's...
You can check out ASC 230-10-45-7 for a reference point. Without knowing all the facts, generally, I would say to present gross. In your example of...
Len, I hope this isn't too late. I used Dynamics in my last role and we found that a third party plug-in was the best solution. Specifically, we used...
To add one thing, be careful if your sublease results in a loss relative you the original lease. You would likely need to recognize that loss up...
In essence, you ARE making a double entry (you have to be or you BS won't balance). Think about the absolute simplest case. You put 1,000 into a...
Check out the EY Financial Reporting Development (FRD) on leases. Great resource. Off the top of my head, if you are the primary obligor on the main...