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What does Jim Brendel think?

30 years in public accounting, experienced in SEC reporting, revenue recognition, complex financing transactions, expert witness testimony. See full profile

Len, You might look at NetSuite - very flexible and scaleable and a nice upgrade from QB. Please feel free to reach out to our practice leader Jeremy...
You might consider NetSuite - a cloud based program that has a good application for professional services firms (http://www.netsuite.com/portal/...
The accounting treatment for detachable warrants is a complicated area. Presumably you are asking about detachable warrants issued in conjunction...
I am assuming that the software is not essential to the functionality of the hardware. In that case, the elements would be bifurcated into software...
I think I would look first to SOP 97-2 and whether the services would be considered a "software related item". If they are, I agree that this would...
The new estimates would only be applied to new transactions - you would not go back to adjust prior transactions. Of course that assumes that the...
If the stated renewal rate equates either VSOE, TPE, or ESP (in that order), that price would be used in the relative selling price allocation, along...
Under the prospective adoption method, revenue related to contracts entered into prior to the effective date will continue to be recognized based on...
Revenue recognition for contracts entered into for fiscal years prior to the adoption of EITF 08-1 would not be restated if the company elects the...
Mr. Ori, I think the best treatment would be to record an expense each month for the fair value of the apartment rental (in this case $2000), with a...
Hi Dan, 09-3 only pulls certain multiple deliverable transactions that were previously scoped in to SOP 97-2, out of 97-2. So if you were already...
This EITF does not take all software/hardware combinations out of the purview of SOP 97-2. It does remove the hardware components from 97-2, but does...
The FASB's revenue recognition exposure draft is part of the convergence project with the IASB which would align US GAAP and IFRS. You can find the...
One idea that we used was to have a drawing for a prize (gift card, etc.). Only those employees who submitted their time sheets on time were...