Accounting
-
What are the key issues to know about GAAP/IFRS convergence in the area of financial instruments? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
What are the key issues to know about GAAP/IFRS convergence in the area of revenue recognition? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
What are the key issues to know about GAAP/IFRS convergence in the area of lease accounting? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
What are your "go to" resources with regards to GAAP/IFRS convergence issues? How do companies best stay on top of these changes? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
How will companies best manage risk with regards to GAAP/IFRS convergence? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
Will there be differences in the application or timing of convergence changes between private companies vs. public companies? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
With real convergence seemingly so far in the future, should companies just take a "wait and see" approach? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
2
-
If, say, China and other countries (e.g. Japan) change or don't adopt IFRS or a converged IFRS/GAAP standard, then will U.S. company convergence be badly harmed? Or does it just mean that complete con
This question was asked during the Proformative webinar "Convergence of Financial Instruments, Leasing, and Rev Rec Standards." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-convergence-financial-instruments-leasing-rev-rec-standards
1
-
How do you calculate the real cost of health care?
I'm doing some research and was wondering if anyone on Proformative ever calculated the real cost of heath care? Now we all know the preimums that both the company and the employee pay, but what about the lost productivity to the company as employees take time off (whether part of their sick/vacati…
10
-
Revenue Recognition: Pre-Sale Hours
We recently signed a software license agreement which is subject to contract accounting due to significant enhancement. Therefore, we're going to use input method to recognize revenue based on % of completion. And prior to the contract signing, we work quite a bit of hours in good faith, knowing th…
4
-
Where I work, all fiber and cabling costs are posted to inventory and then expensed to cost of goods sold as a customer job is complete. Is this the best accounting practice?
Some of the fiber costs can be fairly significant. I'm wondering if this is better to account for as a fixed asset. Please provide your feedback.
4
-
What should small company 25 Million Sales Annual Audit Fees be
We are small company who has been with an audit firm for a long period of time. Easy straight forward annual audit.. Relatively new here and potentially shopping around. Looking for ballpark...
7
-
Inventory Management Software; Thoughts on Cost Point by Deltek?
R. Rendzio here. we are working with government contractors who are using Deltek CostPoint for managing aviation inventory. Our government client wants to have these inventories that the govt paid for (GFP/ GFE, ODC's....govt paid for) to be reported to a specific site that they have. Questions …
1
-
International Financial Reporting Standards (IFRS)
Is anyone getting involved (obvously the new standards haven't been released)? If so, what has your experience been with IFRS for overseas entities?
4
-
Do the Fuel Surcharges you pay create a profit center for your carriers? Or are they covering costs of fuel and nothing more?
Many carriers line their pockets with inappropriate FSC they charge unsuspecting clients. Are you one of the unsuspecting clients getting hosed by your freight carrier? If you have more than one carrier, it is likely that you are overpaying FSC to one of them. A confidential and discrete conversat…
2
-
How to create a Proforma-Financial Statement (eCommerce)
Hi Fellas, I would like to know what are the steps and ways on how to create a financial statement for our up coming startup eCommerce. Hope to catch a clear and positive feedback soon.. Thanks in advance. Warm regards. Dennis
3
-
Treatment of development cost of mobile app
Hi, we are about to launch a mobile app that provides the user the ability to keep a diary of their outdoor-related activities, including GPS tracking/locations, photos, etc. and the users will be able to share it. We are an outdoor sports apparel/footwear company. This app will have our name on …
3
-
Capitalizing external IT costs to switch from Exchange to Google?
We switched from Microsoft Exchange/Outlook to Google mail: can we capitalize the external costs of implementing the switch; external IT services?
9
-
What account do you book for disbursement from legal invoice?
We just engaged with a new client - a startup company that occurred tons of legal fee. In these legal invoices, there are lots of disbursements, such as meals, air fare, phone and etc. Should we book these disbursement as legal expense, or to other account, such as meals & entertainment...
9
-
Sharing Accounts Payable function
We are about to hire a 2nd person for the A/P function and discussing alternative ways to split the work load. The current person has several years experience here and is "protective" of her job i.e wants to control everything. There are a few options such as splitting alphabetically, splitting by …
7
-
what is the best way to phrase "if any transactions are deemed unusual or out of the normal transactions" in accounting terms?
Basically I want to explain that any transaction that "pops" out as different or unusual we would require a separate approval from the Director.
3
Previous
