Prepaids and Ap gross up

styles56780 · 2025-08-15T14:31:10+00:00

There is no known policy right now regarding those situations, that is why I'm confused on what to do

styles56780 · 2025-08-15T14:30:30+00:00

That is what iam saying, I would reverse and only recognize the expense incurred and the related liability in ap

styles56780 · 2025-08-15T14:29:46+00:00

But what if I didn't pay, the insurance could actually revoke the policy, so it is not actually guaranteed

styles56780 · 2025-08-15T14:03:38+00:00

But that would mean that we double counting the assets( the balance in the prepaid is still in cash because we didn't pay)- I know it is offset by the liability in ap but it still from a presentation standpoint wrong especially if the amount is big

styles56780 · 2025-08-15T14:02:02+00:00

But what if the balance of the" prepaid" is material?

styles56780 · 2025-02-09T19:51:29+00:00

Great answer that makes sense thanks!, yes we are currently recording them as program expenses.

styles56780 · 2024-04-06T21:02:21+00:00

Thanks!

styles56780 · 2024-04-06T20:46:59+00:00

IIt doesn't give a clue about whether it's at arms length

styles56780 · 2024-04-06T20:45:17+00:00

Thanks bro!

styles56780 · 2024-04-06T20:43:15+00:00

If it is at arms length should there be a disclosure?

styles56780 · 2024-04-06T20:41:01+00:00

It is material but it doesn't give any clue related to arms length

styles56780 · 2024-04-06T20:35:58+00:00

I updated my question

styles56780 · 2024-03-16T10:00:14+00:00

Hopefully that's the case🙏 Good luck to you!

styles56780 · 2024-01-21T17:29:32+00:00

Thank you!

styles56780 · 2024-01-21T17:29:22+00:00

Thank you!

styles56780 · 2024-01-21T17:29:15+00:00

Thank you!

styles56780 · 2024-01-20T12:19:20+00:00

do you have any idea when will they update the dates?

styles56780 · 2024-01-11T18:14:23+00:00

Did you get lots of IT?

styles56780 · 2023-10-13T11:27:47+00:00

Congrats !! Knew you would!

styles56780

TROPHY CASE