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I think the starting point would be the type of industry in which you're involved. Costing methodologies tend to follow industry norms...

I was the accountant at a business that occasionally gave loans to employees in distressed situations. We had a Loans Payable on the...

Firstly you want to make sure it's classified as an investment property. Maybe you've been claiming rental income on the property in...

Hello Guys, I am running a F&B business and it has run for 4years on rent. Then I found a new better place to move and considered to do...

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About the CPA exam, short answer, it’s hard. The long answer is that it doesn’t have to be if you use a good review course. Personally...

I'm new to Accountant Forums and this is my first post. Thank you for reviewing my concern. My friend and I (not married) bought 2...

Hi Everyone! If a company owns units in a Unit Trust with an observable market price: - When would you fair value it using NAV instead...

Hi all! I have a business case that I can't solve and was hoping to pick your brains :-) On 31 March 2020, Company A acquired 100% of...

I have seen this in insurance accounting, and they would create intercompany accounts (one for the insurance company, and another for...

How to simplify a method to share overhead costs to new projects. I have my main contract and in a few months, it's going to have two...

Hello, Our company constantly has a lot of construction projects going on, and one thing that has come up recently is builder's risk...

When I booked Paypal transactions, I would download the activity report from Paypal and break down the money received, fees charged...