中文

Latest news

FP&A Tool Selection in the Telecommunications Industry: Practices and Feedback Collection for Migration from Excel

This article focuses on the selection of financial planning and analysis (FP&A) tools for telecommunications enterprises, covering topics such as migrating from Excel to professional CPM/BPM platforms, integrating with ERP and business systems, and meeting SEC reporting requirements. It also publicly solicits practitioners' genuine feedback on mainstream products such as Cognos and Hyperion.

FP&A
Compliance Discussion of Internally Prepared Financial Statements: Independence Considerations for a CFO Who Is Also a Licensed CPA

A small business CFO (who also holds a valid CPA license) faces a bank debt service agreement requiring the preparation of financial statements. The CFO plans to state a lack of independence in the statements and comply with the requirements of SSARS 21 (AR-C 80). This article aims to explore whether any regulations or standards prohibit this CFO from personally completing this engagement.

Accounting
How to Design a Chart of Accounts for Coworking and Shared Office Businesses

Building a chart of accounts for a coworking business requires balancing renovation and construction, various lease types, fixed assets, maintenance, payroll, membership subscriptions, event planning, and project cost accounting. This article suggests referencing charts of accounts from the construction, property management, country club, SaaS, and event planning industries, integrating unique accounts, and planning revenue and cost accounting, entities, and subledger strategies.

Accounting
Understanding the Basis for Calculating a Company's Total Revenue: Based on Invoiced Amount or Actual Deposits?

A bookkeeping novice asks about the basis for calculating a company's total revenue: is it based on the invoiced amount for the month or the actual funds deposited in the month? This article distinguishes between the accrual basis and the cash basis from an accounting perspective, and points out that total revenue typically refers to invoiced revenue under the accrual basis, but the specifics depend on the accounting basis adopted by the company.

Accounting
Accounting Treatment of Brand Rebranding Expenditure: Expense or Capitalize?

A company implemented a rebranding for its segment, investing significant funds in new logos, slogans, and design projects, with expected benefits emerging from 2014 onward and no direct benefits in 2013. This article analyzes whether the expenditure should be expensed in 2013, capitalized and amortized over periods, or deferred to 2014 to match revenues and expenses.

FP&A
ASC 606 Revenue Recognition: Analysis of Initial Setup Fees and Transition Issues for Private Companies

This article focuses on the practical application of ASC 606 (Revenue from Contracts with Customers), addressing two core questions: first, whether initial setup fees should be amortized and recognized over the contract period; second, whether private companies implementing the new standard from January 2019 need to restate revenue based on differences between the old and new standards.

Accounting
Discussion on the Current Application of QuickBooks in Enterprise Budgeting

This article, based on actual user inquiries, explores the use of QuickBooks Enterprise as an accounting system in corporate budgeting. The user plans to launch a new budgeting system within the next month and asks whether peers use QuickBooks' built-in budgeting and forecasting tools, and how they collaborate with external tools like Excel. The article summarizes common practices, tool pros and cons mentioned in community feedback, and notes that most small businesses still rely on exporting data to Excel.

FP&A
Liberty Mutual Insurance Audit: Legality of Demanding Subcontractor Bank Statements

A policyholder faces a demand from Liberty Mutual Insurance to provide bank statements of an insured subcontractor during an audit, with threats of a significant audit adjustment for non-compliance. The question of legality arises for both the insurer's request and the policyholder's potential request for the subcontractor's statements. This analysis reviews contractual obligations, audit clauses, and privacy considerations.

Accounting
First-Time Submission of Shareholder Proxy Statement: Fee Structure and Market Benchmark Reference

A small listed company received a comprehensive quote of approximately $150,000 for its first-time submission of a shareholder proxy statement and seeks to understand whether this fee is reasonable. Based on industry practices, this article analyzes the main suppliers involved in proxy statement filings, fee structures, and scale differences, providing a reference framework for similar companies.

Accounting

Our partners