FP&A
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FIN 46R: what is a "controlling" interest?
My company hold a variable interest in some other entities and we want to make sure we are consolidating results properly. How does one most assuredly determine that an interest in a variable interest entity is a "controlling" interest? Is it solely based on % ownership and FIN 46R, voting rights,…
15
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We need a bad debt reserve allocation formula that incorporates revenue as well as aged receivables
Our historic bad debt reserve formula, applied quarterly, was a true up to the percentages in the various aging buckets. For example, 33% of 30 – 60 days, 50% of 60 – 90 days… Our aging has less to do with “terms” supplied to customer because we have a mix of retail and corporate accounts, then con…
1
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Fairness Opinion Experience/Advice Needed
Does anyone have experience in working with outside vendors on receiving fairness opinions on agreements between 2 parties, that in reality are sister subsidiaries, as a result of an acquisition?
3
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How much detail is necessary to deliver accurate forecasts?
My question is mainly towards headcount forecasting methods but am curious to hear people's opinions on the matter in general. I work in a company with 1000+ employees, and we currently manage the forecast at the employee/position level and I am wondering at what point do we ditch detailed forecas…
3
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How do you treat EITF 08-1 revenue recognition on unrelated items in the same sales order?
This question was asked by an attendee at a recent Proformative Rev Rec webinar: Would EITF 08-01 cover arrangements with customers that included both strategic services that have a stand alone value not associated with any software sold to the customer PLUS software that may also be sold to the cu…
2
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ASC 470-20
I am having some difficulty in understanding and calculating the equity conversion value in our convertible debt under ASC 470-20. Our convertible Note instrument with a purchase price of $100,000 has a maturity date of 8 months from issue, and is convertible into common stock at noteholders optio…
2
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CEO Expense reporting
The recent departure of Mark Hurd from HP over what was referred to as less than perfect expense reporting brings up a sensitive issue. CEOs are generally considered to be big and important people (especially by CEOs) and their expensive time is best spent on important issues like how to build the …
13
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What are the KPIs of an IT Consulting Business?
I have been recently been solicited to act as the CFO of a growing International Tech Consulting Firm for a period of one (1) year. While the company has propietary software they sell, most of the revenue comes from Consulting. In summary, the company is a professional services firm charging hourl…
4
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Unclaimed liabilities
We received loans from two separate sources to address a short term corporate need. Notes were for a two year term and carried interest to be accrued until maturity. The loans were introduced by a foreign third party who no longer responds to our phone or email contacts, and did not have an address…
2
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Why Great Products And No Planning Will Carry A Midsized Firm Only So Far (Before It Crashes)
http://www.forbes.com/sites/robertsher/2013/07/31/why-great-products-and-no-planning-will-carry-a-midsized-firm-only-so-far-before-it-crashes/ What's your take?
4
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What are the primary issues when considering hiring employees in a foreign country? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Going Global: Expanding Internationally the Right Way." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-going-global-expanding-internationally-right-way
6
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Stock Surveillance Services Cost & Benefits (Webinar Attendee Question)
Is stock surveillance worth the money for a CFO/Investor Relations professional? This question was asked by an attendee during the Proformative webinar "Analytics: The MVP on Your Investor Relations Team" held on January 9, 2013. Join the discussion and add your insights below. A video of the w…
1
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Integrating Quickbooks and Salesforce
Has anyone used any 3rd party applications to integrate Quickbooks data with Salesforce? Our company is a heavy user of Salesforce to track pipeline, opportunities and wins. We use Quickbooks for our accounting software. I would like to be able to pull into Salesforce the actual Quickbooks reven…
7
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Non-Financial Covenant Mangement & Compliance
Good morning, I have recently been involved in some interesting dialogue around how to manage compliance with debt covenants and best parctices to mitigate non-compliance risk. I would like to solicit insight from the group regarding how they manange non-financial covenants. Best regards, …
1
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We are designing a reporting system for our company, should we base it on Kaplan's balanced scorecard?
We want to create a set of standard metrics and reports that we can use to view financial and operational performance across multiple businesses. I'm familiar with the Balanced scorecard approach and would like to adopt it for our reporting taxonomy. My question is this: is this a good approach o…
3
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Expense Tools: Infor vs. Concur
We are currently looking at Infor and Concur. Any feedback is appreciated. We are trying to decide which expense tool will benefit all our companies. We are currenlty on at least six different ERP systems.
3
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Need expert advice on the thoughts of Indian tax authorities on transfer pricing vs cost plus arrangement?
Need expert advice on the thoughts of Indian tax authorities on transfer pricing vs cost plus arrangement? This question was asked by an attendee during the Proformative webinar “Bring Home the Money: The Profit Repatriation 101”; held on March 27, 2013. Join the discussion and add your insights …
1
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Advice in Looking for CPM Solution to Accommodate Growth
We are searching for a CPM solution (consolidation/reporting, planning and budget tool) to help with consolidation and budgeting, as we have had some recent acqusitions and need a better tool. We are looking at several vendors in this space - INFOR, Oracle HFM, Longview. Any suggestions or advice …
6
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What are corporate budgeting best practices? (Webinar Attendee Question)
Should the budget approval system be tailored to certain levels and departments of an organization, if any? This question was asked by an attendee during the Proformative webinar "Planning and Forecasting Best Practices" held on March 7, 2013. Join the discussion and add your insights below.
1
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Board of Director seat and fiduciary responsibilities
What fiduciary responsibilities do board members have? A client is starting a C corporation with an Advisory Board and some potential board members have questions about their respective fiduciary responsibilities, if any. Some board members will be investors, but not officers of the company. Th…
8
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implementing an ESOP
I am helping a strong startup with financing and HR. They are at the stage of considering an ESOP. They currently offer options to key employees and do not have a 401k plan. What is the best step towards implemeting an ESOP and the estimated associated annual costs. Rick
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