FP&A
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IAS 2 Inventory Valuation method
My company is revaluating inventory on a frequent basis ;monthly due to various factors including BOM changes; suppliers price increases; foreign exchange rate which is the main reason as we import 60% of our raw material from Europe and Japan. With the recent audit the foreign currency revaluation…
1
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Examples Of Non-Financial Indicators
In my university we keep creating Cost Centres (CC) for various purposes. Some examples of these cost centers are "Building inclusive cities"/"Creating Digital Opportunities"/"Field evaluation and feasibility studies" etc. Two Thirds of the amounts spent on these initiatives are payroll related. Hi…
4
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Your top 10 ways to control personnel expenses?
As a service organization our biggest expense is personnel. Our top line is growing but we are spending right along with it. We need ways to prevent hiring full time staff.
2
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Policy on use of surplus with unbudgeted spending
Some departments deliberately under budget and then when a surplus is projected, come back with additional spending requests for items that should have been in the budget to begin with. I'd like to have process to administer such requests that is fair to the dept and the company.
3
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Best Practices
Does "best practices" stifle innovation? Does "best practices" disable our critical thinking skills and reduce us into shipple or herd mentality where we no longer "think" for ourselves and examine/evaluate our situation? If so, how do you prevent the unintended consequences from happening? Your th…
3
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1099 Expenses
Here is the situation. A Sales Manager works for a "large corporation" and is concerned that what "large corporation" is asking him to do is not proper or follows IRS guidelines. All the Sales Personnel are 1099 Independent Contractors (Sales only). The "large corporation" does not want to pay the …
2
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Debtor Days Conundrum
According to the definitions of Debtor Days (this one is from wikipedia): 'The debtors days ratio measures how quickly cash is being collected from debtors'. It doesn't though. I've recently had reason to think about this for the first time in a while as I couldn't understand why our debtor days we…
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Can we change the price of previously issued stock options?
Our last stock valuation was in mid 2014. We are a start-up company and have no audited financials to date. We are planning to have another stock valuation. If the new valuation results to a lower estimated FMV for our stocks, we want to propose to change the price of previously issued stock option…
3
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When to recognize company conference expenses?
We have a weeklong meeting starting on Feb. 29th. However, our fiscal year end is 2/29. How would the meeting expense be recognized? All on 2/29, or prorated so that only 1 day is recognized? What accounting pronouncement covers this?
6
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Combining T&E software with a corporate credit card program
Does anyone have experience in combining T&E expense reporting software (right now we are looking at Concur) with a corporate credit card program? Our business model has shifted in the last 5 years to include a lot more employees that are on the road traveling, and we desperately need to get aw…
6
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Financing for Implementation of an Accounting System
Does anybody know of a lender who will finance the implementation of an accounting system?
4
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Expense template
I have been ask to create and maintain allocation templates for all expenses. Does anyone have an excel template that can be used to input individual expense that upload to summary sheet. Thanks in advance for your help!
1
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Generational Differences In Management Styles
Could you include free webinars on management styles & their impact on different generations? Consider today's workplace could have different generations from those born before 1945 called traditionalists, 1946-1964 baby boomers, Gen X, Gen Y, millenials, Gen Z with different mind-sets, behavio…
6
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What is the process for redoing the income statement when one or more key assumption in the underlying budget goes bad (e.g., price of gas)?
It is widely proclaimed in the literature that the typical budget is obsolete soon into the new year. This obsoletes the associated income statement, also. How, without redoing the tedious budget process, is the income statement updated?
3
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Credit Card Policy for Employees
Hi All, I currently work in a small business. Recently, due to rapid growth of a company, we started hiring couple of new employees. Initially, we never had a credit card policy. Since, the numbers of employees were really small it was easy to track transactions. Now, we have decided to implement c…
43
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Standard method for tracking project revenue/expense across multiple departments
I started at a professional services organization and I'm working on a budget for the company and its multiple lines of business. They have a small percentage of employees that work across a few of their departments. Is it standard/common to have the revenue follow the employee or to have the emplo…
3
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Does anyone have a recommendation for a good purchasing software system?
We are a small start-up biotech company and we are looking into streamlining our purchasing process. Any recommendations?
6
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Accounting for stock grants to non employees
I'm working with a startup that has issued common stock to both employees and several Advisors. They are using deferred compensation line in the GL to book the unvested portion for the employees and relieving it each month after vesting commences. I'm wondering if the company Advisors should receiv…
4
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Is your company undergoing finance transformation?
If yes, what are the elements of your transformation and the envisioned end-state? If no, WHY NOT?
3
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Adaptive Insights vs Budgeting System Competitors
We are in process of acquiring a budget system. Our total revenues are about $200 million. We are considering Adaptive Insights, Tidemark, Maestro, and Axiom EPM. Does anyone have expereince comparing or working with these applications?
8
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Intercompany Interest
Does anyone know where in the guidance I can find information about inter-company debt (the interest portion) that exceeds a threshhold in the terms of the loan? What I mean is.. say the loan has an annual interest maximum of $12M to be paid/ received in interest, but the actual interest is higher …
5
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Voided Check Process
Once a check is stopped with the bank and voided in our system, we shred it. Our auditors, however, have some desire to see this check, and want us to start filing them instead. I argued that there is no value added from filing versus shredding them. The reason being is that even if we have the voi…
13
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Xero -- better than QuickBooks for start-up company?
I see posts about Xero but the posts are two - three years old. Anyone have recent experience with buying and implementing Xero? My client is a start-up health services company with only two employees but a plan to grow to say 50 in two or three locations over the next year. They will likely have t…
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