Easily Replace Conditional Fields into the Accounting Contract

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How to Replace Conditional Fields into the Accounting Contract

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In this video tutorial, the speaker explains how to account for a change in accounting principle, such as switching from one Generally Accepted Accounting Principles (GAAP) method to another, like from the percentage of completion method to the completed contract method for construction contracts. This change is addressed retrospectively, meaning prior periods' financial statements must be revised accordingly. Adjustments to retained earnings will also be made unless it is impracticable. The speaker emphasizes the importance of disclosing the nature of the change, such as changing from the weighted average cost method of inventory to FIFO, along with the reason for the change.

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Can auto populate fields?

AutoPlace is an advanced field property that allows you to specify a string of text in your document or template for automatic placement of the field.

What is a conditional field in ?

You can reveal specific tabs (also known as fields) to signers when specified conditions are met by making them conditional fields. For example, you can reveal conditional fields for a user to input data after they select a checkbox, or require a user to provide additional data after entering text in a text field.

How do I enable conditional fields in ?

In the properties panel, expand the Conditional Fields section and click Create Rule. Select the fields you want to show to the recipient when they trigger the rule. You can select as many fields as you like, of any type, as long as they are assigned to the same recipient as the trigger field.

Can consideration be modified in a contract?

Under common law, a party to a contract needs new consideration -- something of legal value -- to modify a contract. The party obtains new consideration by negotiating with the other party to change the consideration on both sides of the contract.

Can you make fields required in ?

With these properties you can do things like: Make a field required or optional. Change the recipient for a field. Enter data in the field and make it read only for recipients.

How do you customize fields in ?

Go to My Preferences Signing and Sending Custom Fields. To create a new custom field: Click ADD NEW FIELD. Enter the properties for the field.To edit or delete an existing custom field: Locate the field in the Custom Fields list. To edit the field: To delete, click the Actions menu and select DELETE.

Why is not allowing me to add fields?

Note: If you find you cannot add fields to the documents and templates you create, most likely this is because of your user permission profile. Contact your administrator and ask to adjust your permission settings. These settings are documented in this administrator help guide.

Which of the following is a condition that must be present in order for the contract modification to be accounted for as a separate contract?

2, a modification is accounted for as a separate contract only if distinct goods or services are added to the contract for a price equal to standalone selling price (adjusted for contract-specific circumstances).

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Replace Conditional Fields into the Accounting Contract