FP&A
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Building a better income statement
Found this article mentioned in the Dec 2013 issue of CFO. "A company’s annual income statement should be a transparent disclosure of its revenues and expenses that investors can readily interpret. Most aren’t, largely because income and expenses classified according to generally accepted accountin…
1
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Cancellation of stock options
If an employee leaves in 2012 but has 90 days to exercise their vested ISO's, do we show their unvested shares as Cancelled as of 12/31/11, or do we have to wait until the termination date?
4
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Should Google Apps for Business be capitalized or expensed in one year?
When looking at the invoice for the Google Apps for Business there is a time period noted on the invoice, so I would assume this should be treated as a prepaid expense and amortized over the one year period. A colleague of mine says it should be written off over 3 years, the life for off the shelf …
4
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Acccounting treatment for sole distributor of company product?
Our company make some software module in Bangladesh. And it has a sole distributor who sells in another country. After selling, distributor give 60% of the sales end of the month and he keep 40%, it was the agreement. In every month we know who are the customers and in which date product are sold. …
3
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Accounting For Electronic Data Interchange Fees
My warehouse charges me an EDI integration fee - do I account for this in general business expenses
1
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Accounting For Distributor Incentives
We have regular market promotions to customer. For example, we give distributors a fixed discount for the period. At period end, instead of give them rebate (cash), we give them a number of products (based on the total fixed discount). How should we record such transactions - Should we (a) deduct r…
6
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Accounting for Crowdfunded Projects....
Hello, I am looking for some feedback as it relates to the accounting for crowd-funded projects. I am the only accountant at a small start-up in San Francisco that just completed a successful Kickstarter project, and I have limited experience in this area from a financial and tax reporting perspect…
2
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Return due to nonpayment
We have a customer that has not been paying an invoice. We recognized the revenue at point of sales (after meeting the 4 criteria, at that time we thought they would have no issue paying invoices). Since then we have reserved the amount as bad debt and put them through collection agency. Recently t…
2
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Profit Leaks? Unnecessary Costs?
With most businesses I have worked with, I have found the most significant profit leaks and unnecessary costs within the indirect spend (i.e. telecom, energy, temp labor, payroll processing services, leases, packaging, printing, freight, MRO...etc.) What have been your experiences regarding specifi…
15
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What is a normal range for food waste as a percentage of food purchases?
My employer has a chain of franchised restaurants. They have not been tracking their food waste on a consistent basis. I would like to use an industry benchmark to assess their volume of waste in a new tracking system. Added information is always a benefit, and reducing this is a worthwhile target.
4
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Does anyone have a best practice model for due dilligence related to sourcing?
What are the base criteria that business' use to approve a source for their products? Is it customer referrals, product testing, technical specifications or is it more likely a weighted average of meeting all three?
1
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Determining Market Trends
I'm trying to discover what overarching data CFO's and CEO's use to determine the trend of market conditions. I work for a small-medium sized company, but we are tied directly to some large OEM's. I'm feeling that my current methods are insufficient. I have recently come across a list in a 1933 pro…
2
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Any Limit to Number of Employees in ADP EasyPay? Other pros & cons?
Does anyone know if there is a limit to the number of employees that can be processed using ADP EasyPay service? EasyPay is the entry level service for small companies, which ADP tells me it is best for under 100 employees. My company is well over that number, so I'm curious if we will hit any tech…
2
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Net share settlement of warrants
The holder of the warrants elected to net share settle their warrants. i.e. instead of getting 1000 shares and paying the Company the exercise price, they received 500 shares based on the common stock price on the date of conversion. On the statement of equity within the additional paid in capital …
1
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But You Asked Me to Stare At Your Tattoos
A fascinating discussion is going on at LinkedIn. The simplified version: it's over tattoos. The Complex version: it's over "normal" or "acceptable". Definitely worth a) a read, b) a read on the wide-ranging opinions and c) a discussion here and how it relates to your company, its "culture" and its…
6
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Managing Shareholders
Advice needed: Two sets of investors. Both have exit guarantees. The math works that if the company invests "big" in growth the investor A sees great increases in valuation and exit proceeds. The other benefits, investor B, more if slow or no growth occurs (no benefit from risking additional growth…
2
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What is the best practice of a cash flow forecast for a brokerage company?
The brokerage company (securities company) has fluctuated income from service fee, margin lending, term deposit, proprietary trading (bond, stock, etc), so how to prepare a cash flow forecast especially for income? should it perform rolling cash flow forecast? and how long for a rolling cash flow f…
3
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What kind of maternity leave does your company offer?
Do you have a set policy in place? Or leave it up to the person to figure out what to do after they've used up all their sick leave and PTO?
2
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What's more important to a company's success? Good strategy or good execution?
This age old question is hotly debated in management consulting circles but I was wondering from the esteemed Proformative member community opinion which you believe is more responsible for a company's success? Your answer could be time dependent as short term needs (e.g. quarterly sales/EPS) drive…
20
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Does anyone have a good vehicle expense reimbursement plan that they are willing to share?
We operate franchised restaurants and have a prospecting employee that uses a personal vehicle for some travel. We also provide a van for food deliveries.
8
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From sales director to outside sales consultant
My sales director is moving to another city and wants to continue selling as an outside contractor. Since he is going from employee to independent contractor, will I have a problem if he receives a W-2 and a 1099 from us for 2014?
4
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Are there unnecessary costs and significant profit leaks within your business spending?
Now that revenues are increasing and many businesses are on more solid financial footing, are we taking our eye off of expense management? Curious what your thoughts are since it seems that the pendulum has swung from revenue growth in 2008 as a top priority to a "lean and mean" focus (from 2009 to…
3
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Looking for a Business Intelligence Software Recommendation - No Vendors Please
We have a legacy AS 400 (Microsoft) and a newly created data warehouse but need to get a quick to implement dashboard up for ourpresentations to the CEO. What software have you evaluated and can recommend? Thank you, proformative peers. --Fellow CPA CMA & CFO from Texas
3
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SharePoint Best Practices for Finance & Accounting
Greetings! How is your organization using SharePoint to improve finance and accounting processes and reporting? For example, do you use it for team calendars, dashboards, reports, etc? If yes, do you have any best practices you can share? Thanks!
3
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Rising Costs of Medical Insurance
We are a small business. We have just received a renewal quote for a medical insurance from a major carrier. The costs went up 47%. Additional, the cost will vary by each participant (takes into consideration age and a number of dependents). Is this consistent with your business? How do you plan on…
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