Accounting
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Labor cost per unit - direct labor only or fully burdened cost?
I'm having a 'discussion' with our VP Operations as to what should be considered as part of labor cost per unit. I take the position that it should be a total burdened labor cost per hour (including employer costs, vacation, etc.). He takes the position it is direct labor only, and that the balanc…
4
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What are your thoughts on when and how IFRS should be adopted in the U.S.?
Please share with the group as to your thoughts as to the best way the IFRS being incorporated in the U.S. Should IFRS be adopted for all the companies - both listed and private companies? Will there be a benefit for the adoption of the IFRS? Also please share your thoughts as to if you are c…
4
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Process you/ your company follows to monitor the new accounting standards?
Also please discuss what are your thoughts on the best practices of monitoring and communicating the impact? When I have brought this question for discussion with other fellow professionals, I always get mixed reviews as to how companies monitor the new accounting developments (e.g. FASB,SEC, AIC…
1
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Best Practices for Insurance & Medicare Payer reimbursement system - How to get paid?!
I am working with a small company that is considering entering a line of business that involves insurance and/or Medicare/Medicaid reimbursement. We know that there are many pitfalls of the reimbursement systems and I'm wondering if anyone has detailed information (good or bad) on their own exp…
3
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Any way to get away from having to defer rev rec (on total value of the sale) until training is performed?
We are a software company that sells out-of-the box software, and PCS and training, a lot of time as a multiple element arrangement we have VSOE for the software and PCS, but not for training. Any way to get away from having to defer rev rec (on total value of the sale) until training is performed?…
5
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Net Operating Losses
My company is about to close a deal that has the possibility of including Net Operating Losses. I had experience with them over a decade ago, but know that things have changed regarding the allowed uses of NOL's. Can anyone provide a summary explanation of how the NOL's can be used in a 100%…
4
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CPA Firm - Toronto
Can anyone suggest a Toronto firm with tax practice knowledgable of US and Canada cross border? Also what billing rate is typcial for tax?
2
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What companies would you suggest we look at for a SaaS accounting GL system?
We are currently looking at Intacct, who else?
10
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Using Pro Formas in Financial Reporting
How receptive have you found your boards to pro forma reporting in their board reports?
7
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Reporting Bad Customers and Managing Accounts Receiveable
I recently posted a blog on effective ways to enhance the collection of overdue receivables, but afterwards it occurred to me that there are two approaches: the carrot and the stick. Generally, I have favored the carrot: developing a relationship to build sympathy and a sense of commitment to so…
4
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Trying to determine perception of Credit Memos for receiving companies...
I am in a new office and the culture here says that one does not issue credit memos when needed, instead you process an entire credit/rebill and present a new invoice to the client. I have never heard of such a thing, outside of exception processing or unposted invoices. I find this practice …
3
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Do you know any company that closes in 1-2 days. Can you share there secrets of success?
I am hearing more from my executive team that they want numbers in 1-2 days like other companies "they know". Is this a reality? If so, how do you turn statements that fast with any accuracy. Can you share some ideas to help get closer? I am already at 3-5 days.
2
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Asset transfers
We have a business thaat operates from locations in CA, FL and Canada.From time to time we will ship some of our expensive test equipment from one location to another to be used on engineering projects for customer designs. These projects may last from a week to six months. because of the insura…
1
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Rev rec for SAAS providers
Are there any accountng peculiarities for providers of SAAS solutions, particularly with revenue recognition, and deferal of commissions?
1
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Are there any Cloud Computing or SaaS companies working on a cloud application for accounting for leases for when the FASB agree to put them
This question was asked by an attendee at a recent Proformative Cloud Computing and SaaS event: Are there any Cloud Computing or SaaS companies you know of working on a cloud application for accounting for leases for when the FASB agree to put them all on the balance sheet?
1
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Should U.S. Public companies using outsourced services for ITO and BPO request both an SSAE16 SOC 1 and SOC 2, or just a SOC 2?
This question was asked by an attendee at a recent Proformative SAS 70/SSAE 16 event: Should U.S. Public companies using outsourced services for ITO and BPO request both an SSAE16 SOC 1 and SOC 2, or just a SOC 2?
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