Q: Albert Gable is a partner in a CPA firm located in a
Albert Gable is a partner in a CPA firm located in a small midwestern city that has a population of approximately 65,000. Mr. Gable’s practice is primarily in the area of personal financial planning;...
See AnswerQ: Dear John: I really appreciate your willingness to give me
Dear John: I really appreciate your willingness to give me your opinion as a fellow professional accountant on what I should do and on what I should advise the minority owner to do. Given that I was a...
See AnswerQ: In July 2008, Virgin Mobile USA began a “Strip2Clothe”
In July 2008, Virgin Mobile USA began a “Strip2Clothe” advertising campaign. There are millions of homeless teenagers in the United States, and Virgin Mobile’s website said that “someone out there nee...
See AnswerQ: I need your advice on an anonymous basis. I am
I need your advice on an anonymous basis. I am a professional accountant employed by a company that imports bikes from China. Before I get into the issue, I wish to advise you that I really need this...
See AnswerQ: I have a question that I need a bit of help on
I have a question that I need a bit of help on, but I am not sure where to turn, and I hope you may be able to help me out. I am the CFO of a charitable organization, it is a paid position and I am a...
See AnswerQ: Excuse me, we are both professional accountants, and I need
Excuse me, we are both professional accountants, and I need some advice. I have a full-time management position with a company. I was wondering if I would be in violation of our Professional Code of E...
See AnswerQ: I am a professional accountant and hold the position of financial analyst
I am a professional accountant and hold the position of financial analyst, capital projects, with the Town of Pinecrest. In my position, I deal with, among others, developers and their lawyers with re...
See AnswerQ: I think I have a problem. I am a professional accountant
I think I have a problem. I am a professional accountant and work for a not-for-profit organization that operates a summer camp. We have obtained a legal opinion stating that a portion of our camp fee...
See AnswerQ: I am the assistant controller at a medium-sized, not
I am the assistant controller at a medium-sized, not-for-profit organization. I hired a new accounts-payable clerk three months ago—let’s call her Mary, which is not her real name—and then I fired her...
See AnswerQ: In mid-2011, Sino-Forest Corporation was a company
In mid-2011, Sino-Forest Corporation was a company with timber operations in China, including tree plantation (holding of timber for appreciation and/or harvesting), log and wood products trading, and...
See Answer
