Latest news
Proformative announced the official launch of its new course platform, designed to help finance, accounting, and treasury professionals enhance their skills through on-demand courses taught by seasoned practitioners and subject matter experts. The platform also opened instructor application and course suggestion channels to better serve community needs.
The company stipulates that upon employee termination, the EIB (Extended Illness Bank) balance is paid at 50%. At the fiscal year-end, should 100% or 50% of this balance be accrued? In practice, accruing 50% is common, but clear authoritative guidance is lacking. This article analyzes the basis and recommendations for both viewpoints.
A 1099 independent contractor incurred airfare, meals, and other expenses for business travel, which were reimbursed by the hiring company, and the 1099 form includes the reimbursement amount. The user asks whether these travel expenses can be claimed on Schedule C. Based on the facts, this article explains the correspondence between the reimbursement amount and expense deductions, and notes the need to distinguish between deductible and non-deductible situations.
A case analysis is conducted on the accounting treatment when a parent company holds 80% equity of a subsidiary, and the subsidiary increases capital through a rights issue, with the parent company selling part of its rights and exercising the remaining rights. The discussion focuses on whether the rights should be recorded on the grant date, the nature of the gains from selling rights, and the impact on the carrying amount of long-term equity investments.
This article analyzes the danger of the 'shareholder value maximization' concept behind Valeant's governance difficulties. Chairman Pearson insists on this goal, but governance expert Hugh Arnold points out that the law does not require companies to maximize shareholder wealth; this is merely management's interpretation. The article argues that shareholder value should be a byproduct of excellent management, not an ultimate goal.
When an event is canceled and customers receive full refunds, if the refund amount exceeds the amount customers have paid, how should the excess be handled? Based on a specific case, this article explores whether such expenditure should reduce revenue or be recognized as an expense, and provides an accounting logic analysis.
The finance industry is highly competitive; which skills can better contribute to career success? This article presents an infographic listing several key skills and invites readers to share their views.
Regarding the practice of the finance department filling out expense reimbursement forms on behalf of employees, this article analyzes the potential risks from the perspectives of accounting principles, IRS regulations, and internal controls, and offers practical operational recommendations.
A new user, serving as the sole approver for Concur expense reports, has mastered most functions during testing but is uncertain about where reports go after submission: accounting has not seen the reports, and it is unclear whether they sync automatically to QuickBooks or require email notification. Based on existing information, this article organizes key questions and suggests possible directions for resolution.
Travel agencies typically need to register for VAT in non-EU countries to reclaim VAT paid to local suppliers when purchasing itineraries. This article analyzes whether UK tour operators can achieve simpler handling through the TOMS mechanism.