Accounting
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Is there any validation of management's attestation required as part of the SSAE16 standard SOC 1, SOC 2 or SOC 3 reports?
This question was asked by an attendee at a recent Proformative SAS 70/SSAE 16 event: Is there any validation of management's attestation required as part of the SSAE16 standard SOC 1, SOC 2 or SOC 3 reports?
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What is the smallest sized company that has to conform to the new AICPA SSAE16 standards?
This question was asked by an attendee at a recent Proformative SAS 70/SSAE 16 event: What is the smallest sized company that has to conform to the new AICPA SSAE16 standards?
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What is the latest on IFRS convergence, IFRS standards and IFRS statements?
I hear a lot about IFRS convergence, IFRS standards and IFRS statements? But There seems to be much confusion about what is really going on and when implementation is happening. What is the latest on IFRS convergence, IFRS standards and IFRS statements and where can I find more information?
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How are the new software rev rec rules impacting rev rec under EITF 00-3 (software sold in a hosting arrangement)?
Our customer does not have the right nor the feasibility to take possession of the software so we treat it as a service contract with the revenue recognized over the life of the contract. Does this change under the new software rev rec rules?
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What is a good document management solution for mid-size and larger organizations?
I am working with a few mid-size and larger organizations -200-1,000 employees, and notice they constantly run into the operational challenges of losing documents or spending time tracking down documents. Is there an electronic document management system that includes automation of the document l…
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How are consumer goods accruals differ from typical accruals?
In typical accrual it is debit receivable and credit revenues. Is this the same in a firm focus in consumer goods where payments sold to distributors are guaranteed regardless of quantity sold?
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IFRS Technical Accounting search firm, headhunter Needed ?
Hi, Can someone refer a search firm or Headhunter for IFRS placements? Technical accounting type senior roles Thanks Yusuf
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Managing Global Accounts Receivable
We are expanding into new countries/markets ( China, Mexico, Vietman, India, Germany, and Japan) and I am looking for insights in the arena of global accounts receivable. Does anyone know of any good third party providers who manage global accounts receivable? For those who manage it centrally f…
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Insights on Collection Agencies
I am looking to the group for insights into the top 5 things you look for when deciding what collection agency to use for commercial accounts.
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Year-end capital asset clean up question
We have some computer workstations that were pretty expensive when we bought them in 2009, but now sit idle b/c we laid off some engineers this past year. Should I write those off in 2010?
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New Accounting Regulations for 2011
I always get caught out on new accounting regs and then end up getting hit during the year as I run into them, one by one. For a software and services company, are there any new major accounting regulations coming in to effect in 2011 that I had better be on top of? Thanks.
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Year End Audits: Collaborating with External Auditors
I am getting ready for my year-end "encounters" with external auditors which will begin shortly after year end. Being in Treasury I seem to get the "Greenest of the Green" in terms of external auditors. Any advice on how I can "gently push back" to make sure that those giving me the question…
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Inventory Tracking in QuickBooks
One of my clients is having an issue with QuickBooks Inventory. They are entering inventory purchases via the "write checks" function and entering the appropriate items/quantities/prices on the "items" tab. The "expense" tab is left blank. QucikBooks seems to automatically be populating the…
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Does EITF 09-3 apply to 00-21 transactions (outside of 97-2)?
Are transactions like SAAS that are accounted for under EITF 00-21 rather than 97-2 affected by 09-3? For example, in a multi-element arrangement involving hardware, subscription (SAAS), and professional service accounted for 00-21 using residual method we normally recognize the hardware as shippe…
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Does EITF 09-3 pull all software/hardware combinations out of 97-2 accounting?
Does EITF 09-3 pull all software/hardware combinations out of 97-2 revenue recognition accounting?
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What are the major differences between for-profit and not-for-profit accounting?
I am a CFO considering a not-for-profit company for the first time in my career. I'm not a CPA but have always been very much up on the necessary GAAP regs for any business I have been in. But having never done a NFP I'm wondering what to expect. Is it close? Are there significant differences? Is t…
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Do Accounting Clients Use Software Features?
I'm wondering what you all think of the average accounting client out there. Are they secure enough to use the tools of SaaS? For instance, Client Portals or Online Document Management Programs - do your clients, on average, refuse to use this software? If so, why or why not? Is it out of distr…
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Does an auto-renewal clause in a subscription software contract provide enough evidence of a legally binding arrangement?
Does an email confirmation from the customer of intent to renew suffice? What if there are differences between the original products purchased and the products renewed? If a customer emails all the details that would be contained in a standard order form does this constitute sufficient evidence o…
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Billing Software
My company sells internet bandwidth and storage for rich media companies, on a recurring revenue model. There are many exceptions to our standard deal and a lot of unusual billing requirements. We are currently using Excel to track our contracts and sales orders, and Quickbooks to process bill…
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