Search results “Company changed accounting principles”
Things that affect Retained Earnings
This video lists the various things that increase or decrease the Retained Earnings (or Accumulated Deficit) account. The three most common things are Net Income (increases Retained Earnings), Net Loss (decreases Retained Earnings), and Dividends (decreases Retained Earnings if it is a cash, scrip, property, or stock dividend). Prior period adjustments due to accounting errors and certain changes in accounting principle (e.g., switching from FIFO to LIFO) can cause Retained Earnings to increase or decrease. If the firm engages in a quasi-reorganization this would increase Retained Earnings, as the purpose of a quasi-reorganization is to eliminate a deficit. Retained Earnings may decrease if the firm sells Treasury Stock for less than its cost; the difference is first drawn down against the Treasury Stock Paid-in Capital account with any remainder reducing the balance of Retained Earnings. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 7727 Edspira
Corporate Tax Avoidance: How it happens, how it is changing, and what to do about it
Join us for our August Fuqua Faculty Conversation with Scott Dyreng, Associate Professor of Accounting as he presents: Corporate Tax Avoidance: How it happens, how it is changing, and what to do about it In this session, we will talk about: - How much tax do U.S. corporations pay - Common misconceptions about corporate tax avoidance - How corporate tax avoidance has changed since the mid 1980s - What can be changed to make our corporate tax system more efficient Our live online session with Professor Dyreng will take place on Wednesday, August 19, 2015 at 11:00 a.m. ET. Send your questions to [email protected] or tweet them during the live session using #fuquaalumni
Private Company Accounting Changes or Options - Part 3
This movie clip explains the Private Company Council's new GAAP for private companies.
Views: 48 Boulay
Accounting Changes - IFRS
IFRS, IAS 8, provides guidance on accounting changes, which includes changes in estimate, changes in policies, and error corrections. This video provides an overview of the requirements for each of these accounting changes. Subsequent videos will cover how to solve problems for a change in policy as well as an error correction. Thank you for watching my video! Else
Views: 2125 Else Grech Accounting
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour
William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour. WILLIAM ACKMAN, Activist Investor and Hedge-Fund Manager We all want to be financially stable and enjoy a well-funded retirement, and we don't want to throw out our hard earned money on poor investments. But most of us don't know the first thing about finance and investing. Acclaimed value investor William Ackman teaches you what it takes to finance and grow a successful business and how to make sound investments that will get you to a cash-comfy retirement. The Floating University Originally released September 2011. Additional Lectures: Michio Kaku: The Universe in a Nutshell http://www.youtube.com/watch?v=0NbBjNiw4tk Joel Cohen: An Introduction to Demography (Malthus Miffed: Are People the Problem?) http://www.youtube.com/watch?v=2vr44C_G0-o Steven Pinker: Linguistics as a Window to Understanding the Brain http://www.youtube.com/watch?v=Q-B_ONJIEcE Leon Botstein: Art Now (Aesthetics Across Music, Painting, Architecture, Movies, and More.) http://www.youtube.com/watch?v=j6F-sHhmfrY Tamar Gendler: An Introduction to the Philosophy of Politics and Economics http://www.youtube.com/watch?v=mm8asJxdcds Nicholas Christakis: The Sociological Science Behind Social Networks and Social Influence http://www.youtube.com/watch?v=wadBvDPeE4E Paul Bloom: The Psychology of Everything: What Compassion, Racism, and Sex tell us about Human Nature http://www.youtube.com/watch?v=328wX2x_s5g Saul Levmore: Monopolies as an Introduction to Economics http://www.youtube.com/watch?v=FK2qHyF-8u8 Lawrence Summers: Decoding the DNA of Education in Search of Actual Knowledge http://www.youtube.com/watch?v=C6SY6N1iMcU Douglas Melton: Is Biomedical Research Really Close to Curing Anything? http://www.youtube.com/watch?v=Y95hT-koAC8
Views: 3056674 Big Think
THE MINDSET OF HIGH ACHIEVERS - Best Motivational Video for Success in Life & Study 2017
The most Inspirational video ever by Denzel Washington. “Do what the 99% are not doing” 2017 Motivational Video. ►Motivational Alarm Clocks https://beinspiredchannel.com/alarms =================================================================== Follow us http://www.facebook.com/BeInspiredChannel https://www.instagram.com/beinspiredchannel/ http://BeInspiredChannel.Com https://soundcloud.com/beinspiredchannel http://twitter.com/beinspiredCHNL =================================================================== Thank you Tom Bilyeu for your great work. Subscribe to Tom's channel: https://www.youtube.com/channel/UCnYMOamNKLGVlJgRUbamveA Thanks to Jocko Podcast for the great content Subscribe to their channel : https://www.youtube.com/channel/UCkqcY4CAuBFNFho6JgygCnA =================================================================== PLEASE SUPPORT ME ON PATREON FOR CREATING MORE PROFESSIONAL VIDEOS http://bit.ly/2fGn4Ab =================================================================== SUBSCRIBE TO MY OTHER CHANNEL FOR DAILY MOTIVATION https://www.youtube.com/channel/UCK9i-t1GwUeVVmddPCCdqCg =================================================================== Video used: Hold True to Your Vision | Impact Quotes by Tom Bilyeu https://youtu.be/I58ra49kC-Y ❗All the footages are under Creative Commons License and Fair Use law. However ,if any content owners would like their images removed, please contact us by email at [email protected] Thank you! =================================================================== Speakers: DENZEL WASHINGTON JOHN C. MAXWELL DAVID GOGGINS JOCKO WILLINK TOM BILYEU =================================================================== Music Sources: Buy Really Slow Motion music Amazon : http://amzn.to/1lTltY5 iTunes: http://bit.ly/1ee3l8K Spotify: http://bit.ly/1r3lPvN Bandcamp: http://bit.ly/1DqtZSo ------------------------------------------------ Music by Really Slow Motion Really Slow Motion - My Spidey Stems Are Tingling Really Slow Motion - Lion Heart (Epic Magical Music) Visit us on: Website: http://www.reallyslowmotion.com/ Facebook: https://www.facebook.com/ReallySlowMotion Twitter: https://twitter.com/#!/RSMmusicSound Youtube: http://www.youtube.com/user/reallyslowmotion Soundcloud: https://soundcloud.com/reallyslowmotion Music by Position Music =================================================================== ►►►This video was uploaded with the permission of the owners. FAIR-USE COPYRIGHT DISCLAIMER * Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. 1)This video has no negative impact on the original works (It would actually be positive for them) 2)This video is also for teaching purposes. 3)It is not transformative in nature. 4)I only used bits and pieces of videos to get the point across where necessary. BE INSPIRED does not own the rights to these video clips. They have, in accordance with fair use, been repurposed with the intent of educating and inspiring others. However, if any content owners would like their images removed, please contact us by email at [email protected] Help us caption & translate this video! http://amara.org/v/88dD/
Views: 5667527 Be Inspired
The Conceptual Framework for the Financial Reporting in a few minutes
http://www.ifrsbox.com IFRS Framework summary explains current Framework developments, focusing on qualitative characteristics of financial reporting, its purpose, measurement, recognition, elements of the financial statements and many more. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Views: 143849 Silvia M. (of IFRSbox)
Warren Buffett on Investing, Business, Accounting, the Economy, Financial Advisors (2007)
In 2002, Buffett entered in US$11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over US$2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006—the largest contribution would go to the Bill and Melinda Gates Foundation.[47] In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business.[48] Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill the role; however, Simpson is only six years younger than Buffett. On August 14, 2014, the price of Berkshire Hathaway's shares hit US$200,000 a share for the first time, capitalizing the company at US$328 billion. While Buffett had given away much of his stock to charities by this time, he still held 321,000 shares worth US$64.2 billion. On August 20, 2014, Berkshire Hathaway was fined $896,000 for failing to report December 9, 2013 purchase of shares in USG Corporation as required. Buffett ran into criticism[50] during the subprime crisis of 2007–2008, part of the recession that started in 2007, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008.[51] Buffett called the downturn in the financial sector that started in 2007 "poetic justice".[52] Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his later deals suffered large mark-to-market losses.[53] Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs.[54] Some of Buffett's put options (European exercise at expiry only) that he wrote (sold) were running at around $6.73 billion mark-to-market losses as of late 2008.[55] The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts.[55] Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the crisis in debt and equity markets.[56] In 2008, Buffett became the richest person in the world, with a total net worth estimated at $62 billion[57] by Forbes and at $58 billion[58] by Yahoo, overtaking Bill Gates, who had been number one on the Forbes list for 13 consecutive years.[59] In 2009, Gates regained the top position on the Forbes list, with Buffett shifted to second place. Both of the men's values dropped, to $40 billion and $37 billion respectively—according to Forbes, Buffett lost $25 billion over a 12-month period during 2008/2009.[60] In October 2008, the media reported that Buffett had agreed to buy General Electric (GE) preferred stock.[61] The operation included special incentives: He received an option to buy 3 billion of GE stock, at $22.25, over the five years following the agreement, and Buffett also received a 10% dividend (callable within three years). In February 2009 Buffett sold some Procter & Gamble Co. and Johnson & Johnson shares from his personal portfolio.[62] In addition to suggestions of mistiming, the wisdom in keeping some of Berkshire's major holdings, including the Coca-Cola Company which in 1998 peaked at $86, raised questions. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report: That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.[63] In March 2009, Buffett said in a cable television interview that the economy had "fallen off a cliff ... Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen". Additionally, Buffett feared that inflation levels that occurred in the 1970s—which led to years of painful stagflation—might re-emerge.[64][65] In 2009, Buffett invested $2.6 billion as a part of Swiss Re's campaign to raise equity capital.[66][67] Berkshire Hathaway already owned a 3% stake, with rights to own more than 20%.[68] Also in 2009, Buffett acquired Burlington Northern Santa Fe Corp. for $34 billion in cash and stock. Alice Schroeder, author of Snowball, said that a key reason for the purchase was to diversify Berkshire Hathaway from the financial industry.[69] Measured by market capitalization in the Financial Times Global 500, Berkshire Hathaway was the eighteenth largest corporation in the world as of June 2009. https://en.wikipedia.org/wiki/Warren_Buffett
Views: 3073 Way Back
"Remove ENERGY VAMPIRES From Your Life!" | Dandapani (@DandapaniLLC) | Top 10 Rules
✎ Dandapani's Top 10 Rules for Success. Need motivation? Watch a Top 10 with Believe Nation! Grab a snack and chew on today's lessons from a man who went from leaving Australia and moving to Hawaii where he became a Hindu monk and lived for 10 years in a monastery, to moving to NYC after his vows expired with a goal to improve the lives of others with the wisdom he acquired! He's Dandapani and here's my take on his Top 10 Rules for Success Volume 2! ★★★ BUILD UNSTOPPABLE CONFIDENCE ★★★ Get a FREE video every morning to help you build your confidence for the next 254 days. Find out here: http://evancarmichael.com/believe/action-plan.php ★★★ SECRET BONUS VIDEO ★★★ What is the One Word that is most important to Tony Robbins, Gary Vaynerchuk, will.i.am, Oprah Winfrey, and Howard Schultz? Find out here: http://www.evancarmichael.com/onewordbonusvideo/ 📜 DANDAPANI'S RULES 📜 1. Get to know yourself 2. Develop willpower 3. Shape your mind 4. Live a joyful life 5. Concentrate 6. Manage the energy in your life 7. Be aware of your mortality 8. Live a balanced life 9. Control your awareness 10. Start with just one thing 11. BONUS - Lead by example ✈ THREE-POINT LANDING QUESTIONS ✈ 1) What's the one thing that you just need to start? 2) How can you do something today on that one thing? 3) How will you celebrate after you did that action today? ✎ More about Dandapani. He grew up in Australia and graduated with a degree in Electrical Engineering. He left it all behind to become a Hindu monk. For 10 years he lived a life of serious personal discipline and training at his guru’s cloistered monastery in Hawaii. When his vows expired he chose to venture out into the world on his own. He made New York his new home, determined to live everything he teaches in the most challenging city in the world. He works with individuals, companies, and organizations around the world conducting training through workshops. He's a much sought-after speaker and coach on self-development. ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • "We HAVE To FACE Our FEARS!" - Gaur Gopal Das - https://youtu.be/w1V3gZv0ebY • "UNLOCK Your PASSION!" - Jay Shetty - https://youtu.be/99v0tFLW_KA • Dalai Lama's Top 10 Rules For Success - https://youtu.be/wSktiBReOSA ❤ HELP TRANSLATE THIS VIDEO ❤ If you loved this video, help people in other countries enjoy it too by making captions for it. Spread the love and impact. https://www.youtube.com/timedtext_video?v=qjLWzs95fck ✔ SOURCES ✔ https://youtu.be/iapX9xiDAFY Xero Accounting Software https://youtu.be/D4USW08Whiw EO Alchemy https://youtu.be/ZNQkb6odK-8 Spartan Up https://youtu.be/5q9A4l4o8l4 Alex Ikonn https://youtu.be/l86cEwbXius DandapaniLLC https://youtu.be/d9MVaa4MqMI DandapaniLLC ♛ BUY MY BOOKS, CHANGE YOUR LIFE ♛ Some used the ideas in these books to build multi-billion-dollar businesses. I'll give you the simple-yet-powerful formula that they used (and you can) to realize your dreams. Get yours. http://www.evancarmichael.com/oneword/ http://www.evancarmichael.com/top10/ ✉ JOIN MY #BELIEVE NEWSLETTER ✉ This is the best way to have entrepreneur gold delivered to your inbox, and to be inspired, encouraged and supported in your business. Join #BelieveNation and feel the love. http://www.evancarmichael.com/newsletter/ ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. http://www.youtube.com/subscription_center?add_user=Modelingthemasters ¿ COMMON QUESTIONS ¿ • What is #BTA?: https://www.youtube.com/watch?v=BsY8bmTUVP8 • How do I get one of Evan's t-shirts?: https://www.evancarmichael.com/gear • Why does Evan look like Nicolas Cage?: https://www.youtube.com/watch?v=gZHRniTcRwo • Why does Evan make so many videos? https://www.youtube.com/watch?v=NEKxGA8xr1k • How do I vote for the next Top 10 video Evan should make? https://www.youtube.com/watch?v=0arZb0xLIDM • How do I vote for the next #7Ways video Evan should make? https://youtu.be/sXgcP79xrNQ ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • Instagram: https://www.instagram.com/evancarmichael/ • Twitter: https://twitter.com/evancarmichael • Facebook: https://www.facebook.com/EvanCarmichaelcom • Website: http://www.evancarmichael.com ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Cheers, Evan #Believe
Views: 7794 Evan Carmichael
Deloitte Integrated Reporting in 2 minutes
Integrated Reporting is making a great impact. In a relatively short timeframe it has significantly changed the corporate reporting landscape. And because Integrated Reporting requires companies and their stakeholders to get a better insight into value creation, its impact is not just limited to the reporting landscape.
Views: 11724 DeloitteNederland
Subsequent Events - IFRS
IAS 10 under Canadian IFRS standards advises how subsequent events are to be presented in the financial statements. This video explains the different types of subsequent events and provides multiple examples.
Views: 2832 Else Grech Accounting
Just in Time by Toyota: The Smartest Production System in The World
Whenever you buy a complex piece of equipment such as a TV or a car, do you ever wonder: how exactly did they put this all together? This video analyzes Toyota's Just in Time production system. Well, ever since the industrial revolution, that “how” has been a vital question for many businesses. Today, we’re going to look at how in post-war Japan, Toyota helped to create one of the smartest production systems that we have, named “Just In Time”. We’ll look at how it works and how you can apply the philosophy and practises to many other areas of business too. After World War 2, Japan faced some difficult problems; they didn’t have a lot of cash, resources were scarce, and there wasn’t a lot of free land to expand factories. However, Taiichi Ohno at Toyota managed to turn these problems into advantages by slowly creating the Just In Time system. The idea didn’t all come at once, it’s more that through the 50s and 60s, various changes were implemented and improved until the 70s were the wider world began to realise the benefits and start to adopt a similar approach. So, what is Just In Time? Watch the video to learn more. -----------------Support the channel: Support this channel: https://www.patreon.com/alexberman SUBSCRIBE for more videos like this: http://youtube.com/alxberman?sub_confirmation=1 Check out our Digital Agency Marketing Podcast: https://itunes.apple.com/hr/podcast/digital-agency-marketing-1/id1200614219?mt=2&ls=1 Need lead generation or marketing support for your agency? Check out http://experiment27.com . /// R E S O U R C E S Get the sales and service agreement we use to close business (free client contract template) [$1,000 value]: http://bit.ly/2mpyFLs Get the actual questions we use to qualify clients on the first call: https://experiment27.lpages.co/discovery-call-structure-and-questions/ Free Sales Courses: https://experiment27.teachable.com/ __ /// MORE FROM ALEX Subscribe for more videos: http://youtube.com/alxberman The Alex Berman Podcast: https://itunes.apple.com/hr/podcast/digital-agency-marketing-1/id1200614219 __ /// WORK WITH ALEX More enterprise clients for your agency: http://experiment27.com Turn your book into a documentary: https://loreliapictures.com/ Book a one on one with Alex: http://experiment27.com/consult __ /// BUSINESS INQUIRIES: For sponsorships you can reach me at: [email protected] __ /// R E S O U R C E S Get the sales and service agreement we use to close business (free client contract template) [$1,000 value]: http://bit.ly/2mpyFLs Get the actual questions we use to qualify clients on the first call: http://bit.ly/2vqZCyK Get the proposal template you can use to sell 5 and 6 figure deals: http://bit.ly/2NqiPJw Free Sales Courses: https://experiment27.teachable.com/ __ /// WORK WITH ALEX More enterprise clients for your agency: http://experiment27.com Turn your book into a documentary: https://loreliapictures.com/ Work one-on-one with Alex: http://experiment27.com/consulting __ /// SHIRTS & HOODIES http://wohello.com __ /// MORE FROM ALEX Subscribe for more content like this: https://www.youtube.com/user/alxberman?sub_confirmation=1 The Alex Berman Podcast: iTunes: https://itunes.apple.com/us/podcast/the-alex-berman-podcast/id1200614219?mt=2 Spotify: https://open.spotify.com/show/6fnAZkjzRhtPYvsZkcMmjK?si=7gwE0NuPSqSMFpGM9MskGg __ /// BUSINESS INQUIRIES: For sponsorships you can reach us at: [email protected]
Views: 49978 Alex Berman
CPA | FAR | Changes in Accounting | LetsLearn Glboal
Change in accounting estimates usually occur when new information comes to light. Common forms include a change in method, rate, or one-time amount adjustments for accounting for the allowance for bad debts and a change in method, estimated useful life, or residual value for an asset or assets that are being depreciated, depleted, or amortized. To account for a change in estimate, the current period and future periods are adjusted to conform to the new estimate. Past financial statements are not adjusted and the entire amount of the adjustment is not usually reflected in the current year (at least in the case of depreciation estimate changes). Changes in accounting principles, on the other hand, occur when a company is changing from one proper way of doing their accounting to another. Examples include changing the method used for accounting for long-term construction contracts and changing the inventory valuation method (LIFO to FIFO, etc.). When a change in principle occurs, prior financial statements are changed to make them look like they would have had the new method been used all along. About CPA: CPA is a globally recognized financial course offered by AICPA (The American Institute of Public Accountants ) USA. A CPA is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals All CPAs are accountants, but not all accountants are CPAs.
Views: 77 LetsLearn Global
1. Introduction, Financial Terms and Concepts
MIT 18.S096 Topics in Mathematics with Applications in Finance, Fall 2013 View the complete course: http://ocw.mit.edu/18-S096F13 Instructor: Peter Kempthorne, Choongbum Lee, Vasily Strela, Jake Xia In the first lecture of this course, the instructors introduce key terms and concepts related to financial products, markets, and quantitative analysis. License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
Views: 659227 MIT OpenCourseWare
We've Just Changed The Game On Accounting Practice Automation
Learn how to automate your accounting practice through the magic of Practice Ignition and Zapier. You'll learn how to build a scalable process with APIs that helps you automate and grow. Hosted by Trent Mclaren - Head Of Accounting & Strategic Partnerships at Practice Ignition To find out more about Practice Ignition jump on our website https://www.practiceignition.com and start a 14 day trial. Twitter: @ignitionapp Facebook: https://www.facebook.com/PracticeIgnition/ Linkedin: https://www.linkedin.com/company/2602590/
Views: 292 Ignition App
Introduction to the New Revenue Recognition Standards
An explainer video introducing the new revenue recognition standards under U.S. GAAP and IFRS (ASC 606/IFRS 15).
Views: 21144 GAAP Dynamics
Elon Musk's Basic Economics
Get your custom domain at http://hover.com/wendover Check out Joseph from Real Life Lore's book: http://amzn.to/2laZBie Subscribe to this new channel from Wendover Productions: https://www.youtube.com/halfasinteresting Check out my podcast with Brian from Real Engineering: https://itunes.apple.com/us/podcast/showmakers/id1224583218?mt=2 (iTunes link) https://www.youtube.com/channel/UC_10vJJqf2ZK0lWrb5BXAPg (YouTube link) Support Wendover Productions on Patreon: https://www.patreon.com/wendoverproductions Get a Wendover Productions t-shirt for $20: https://store.dftba.com/products/wendover-productions-shirt Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductions Animation by Josh Sherrington (https://www.youtube.com/heliosphere) Sound by Graham Haerther (http://www.Haerther.net) Thumbnail by Joe Cieplinski (http://joecieplinski.com/) Elon Musk Photo 1 courtesy Heisenberg Media SpaceX footage courtesy SpaceX Tesla footage courtesy Tesla Music: "Under Suspicion" by Lee Rosevere and "Euphoric" by Sound of Picture Big thanks to Patreon supporters: Kevin Song, Kevin Song, David Cichowski, Andy Tran, Victor Zimmer, Paul Jihoon Choi, Dylan Benson, M van Kasbergen, Etienne Dechamps, Adil Abdulla, Arunabh Chattopadhyay, Ieng Chi Hin, Ken Rutabana, John Johnston, Connor J Smith, Rob Harvey, Arkadiy Kulev, Hagai Bloch Gadot, Aitan Magence, Eyal Matsliah, Sihien Goh, Joseph Bull, Marcelo Alves Vieira, Hank Green, Plinio Correa, Brady Bellini
Views: 2698479 Wendover Productions
History of accounting
Welcome to a short overview of the history of accounting in Western Civilization, in a “big picture” kind of way. This video takes you through five major eras of development in the history of accounting, and highlights the major breakthroughs, many of which are relevant up to this present day! What’s the essence of the accounting profession? It hasn’t changed that much over time. Accountants are here to record your transactions. The core part of the word “accounting” is: “count”. We help you count, record, classify, summarize, reconcile and analyze. That role started a long time ago, and has evolved along with developments in society and technology. The video walks you through five major eras in the development of accounting: 1. Early accounting records have been found in Mesopotamia, Assyria, Phoenicia, Sumeria and Egypt. The main purpose was to record the growth of crops and herds. 2. The early Renaissance. The birth of the monetary economy, where merchants depended on bookkeeping to oversee multiple simultaneous transactions financed by bank loans. Luca Pacioli was the author of a book on mathematics, which was printed and published in Venice, in 1494, and included a 27-page section on bookkeeping. This is seen as the first known published work on the topic of accounting, and includes a description of double entry bookkeeping and ledger classes, concepts that are in use until this very day. 3. The Dutch East India Company became the first company in history to issue bonds and shares of stock to the general public. In other words, it was officially the first publicly traded company, because it was the first company to be ever actually listed on an official stock exchange. This new ownership structure drove further developments in accounting methods. 4. The industrial revolution started in the late 1700s in Britain. The steam engine is an important symbol for the technical developments around the time. As machines took the central role in manufacturing, and labor was largely seen as expandable, machines became the assets on the balance sheet and people a mere expense in the income statement. 5. The advent of the computer, shaking up and revolutionizing society to this very day. Large parts of transaction processing can now be fully automated, and new ways of building organizations emerge. Accounting frameworks like US GAAP and IFRS continue to evolve, adapting to the changing world around us. Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
B.Com(P) Depreciation-Change of Method - Simple -  without Retrospective Effect
#Depreciation #ChangeOfMethod #Accounting Basic concept of change of method without retrospective effect with the help of a full question. Also explained why retrospective effect is necessary. Question Information: A limited company purchased on 01.01.2010 a second hand plant for Rs.36,000 and immediately spent Rs.24,000 on its overhauling. On 01.07.2010 additional plant costing Rs.30,000 is purchased. On 01.07.2012 the plant purchased on 01.01.2010, having become obsolete is sold for Rs.12,000 and on the same date fresh plant is purchased at a cost of Rs.72,000. Depreciation is provided @ 10% per annum on original cost on 31st December every year. In 2013, However, the company changes the method of providing depreciation and adopts the method of writing off 15% per annum on the diminishing balance method. Show the Plant Account from 2010 to 2013. Student can also watch following lectures related with 'Accounting for Depreciation' : 1. Provision for Depreciation A/c and Asset Disposal A/c - https://www.youtube.com/watch?v=ijaKMTlgL78 2. Sale of a Part of Machine - https://www.youtube.com/watch?v=lHkKJxYDyOA 3. Change of Method with Retrospective Effect - https://www.youtube.com/watch?v=eqHIuT4bN30 4. Provision for Depreciation A/c and Asset Disposal A/c - https://www.youtube.com/watch?v=ijaKMTlgL78 Dwonload Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
Views: 70151 CA. Naresh Aggarwal
Top 2 Changes to the 2019 CPA Exam
This video has been updated. Follow this link to see the *Updated* Top 2 Changes to the CPA Exam: https://youtu.be/szq26uceJds Learn about the top 2 changes to the 2019 CPA Exam. Here's why you should sit for FAR and REG now in 2018 to avoid the changes, and how our patent pending SmartPath Predictive Technology will help you pass faster than ever before. Study smarter, not harder. Try SmartPath™ for free today: https://www.rogercpareview.com/smartpath Connect with us: Website: https://www.rogercpareview.com Blog: https://www.rogercpareview.com/blog Facebook: https://www.facebook.com/RogerCPAReview Twitter: https://twitter.com/rogercpareview LinkedIn: https://www.linkedin.com/company/roger-cpa-review Are you accounting faculty looking for FREE CPA Exam resources in the classroom? Visit our Professor Resource Center: https://www.rogercpareview.com/professor-resource-center/ Transcript sneak peek: Hello, and welcome. My name is Roger Philipp of Roger CPA Review. Today I want to talk about the top two changes to the CPA Exam in 2019. As we all know, the new year is quickly approaching. We've been working hard to ensure that our 2019 course materials reflect the updates to the CPA Exam provided to us by the AICPA. While there are no structural changes on the exam, there are major content changes happening on the FAR and REG exams that are going into effect January 1, 2019. Now to avoid these changes, we highly recommend that you take at least one, if not both, two of these sections this year in 2018. Now don't worry, there's still plenty of time to study for, and pass, both of those parts. So that you can make the best decision, here are the top two most important changes to the CPA Exam coming up in 2019. In Financial Accounting and Reporting, or in FAR, the big area that changed is leases. In 2016, the FASB issued ASC 842, which updated the accounting treatment of leases. The goal was to provide more transparency and comparability among companies regarding lease assets and liabilities. To help ensure the transition, the board allowed entities to adopt both the new lease standard. And it wasn't gonna hit the exam or isn't until January 2019, which is now quickly approaching. Some of the changes include balance sheet recognition. Operating leases lasting over 12 months now must be reported on the balance sheets. So before we had, what we called, off-balance sheet risk. Now they have to be listed in the balance sheet. The new standard creates transparency for investors regarding a company's financial leverage and earnings. With financial statement disclosures, ASC 842 has much more stringent disclosure requirements for both quantitative and qualitative financial statement disclosures. The increased requirements may require companies to improve or implement new systems, procedures, and controls to provide the required disclosure.
Views: 2924 Roger CPA Review
Consistency Concept
Consistency Concept :- This concept states that any accounting practice adopted by a company should be continued for years till the company exists and should not be changed. In this video detailed and logical explanation is given about the Consistency concept. consistency concept | consistency principle | consistency in accounting | accounting concepts | consistency concept in accounting | accounting principles
Views: 412 Learnit
Accounting and Annual Compliance in China
0:07 China’s accounting requirements 4:17 Primary taxes in China 9:45 Foreign exchange rules in China 12:30 Annual compliance requirements in China. If you're a Canadian SME and have questions about doing business in China, please send us your questions by email at [email protected] All services of the Trade Commissioner Service are FREE of charge to qualified Canadian clients. China’s accounting requirements For foreign companies doing business in China, where its local presence such as a representative office, we normally call it RO, or a wholly foreign owned enterprise, we normally call it WFOE, they need to be aware of the China local compliance requirements, because those companies are set up over here, they need to follow the local legislations, so it’s not so easy to copy what they’ve done in their home country. So as a business consultant, we normally tell our clients that there are three major differences you need to be aware of. First of all, it’s on the accounting side; second is on the tax side; and also the foreign exchange side. I can illustrate more in detail. For the accounting side, at the general accounting principle level, China’s accounting gap is pretty close to the international financial reporting standard, so for that part, the companies don’t need to worry too much, but on the everyday accounting occurrence, the practice, there are some differences. For example, a fiscal year for the company, it has to follow the same calendar year from 1st of January to December 31st, whereas at the foreign companies you have more flexibility to choose your own different year end. And also for example the chattered accounts, in China, all companies have to follow the same set up of the chattered accounts, but they have the freedom to set up the sub accounts according to their specific business needs, but normally foreign companies don’t have this limitation, they can really decide their own chattered accounts. That’s why often we see the subsidiary cannot really follow their headquarter’s chattered accounts and they have to go through a mapping process to get their account consolidated. As a China company, they need to arrange their accounting in the reporting language in Chinese, which means they have to prepare the vouchers, ledgers and financial reporting in Chinese for all the local statutory filing. Also the bookkeeping currency should be in RMB rather than in a foreign currency. However, the company can do the conversion at the financial report level and choosing a conversion rate. Other differences could be accounting software. We are asked very often by our clients, can they use their headquarter’s accounting software, or ERP to process that? The answer is normally not so easy, unless you do a very serious localization, because we will see the common barrier will be, for example, is it allowing the Chinese entry into the system? Or in China we have some specific accounting features, tax features like VAT, which the western accounting software normally can’t facilitate. Also in China, the monthly closing has to be done before you generate the financial reports, and afterwards there’s no further adjustments can be made to the previous month, however, the western accounting practice normally do allow within the fiscal year changes even to the previous months. That’s why it’s normally more cost effective if they choose local accounting software to maintain their China books. Another important difference is in the accounting documents maintenance. In China, the accounting vouchers have to be filed together with the supporting documents, which means if you have one specific transaction, the associated invoice and the bank slips have to be stuck to the set of accounting vouchers, and those vouchers at the monthly end have to be stuck together according to the voucher serial number in a time sequence, and afterwards this sequence cannot be changed. Whereas in western countries, normally the accounting supporting documents can be filed separately from the accounting vouchers, and those supporting invoices in the AP and AR are normally filed in the alphabetic order. The accounting vouchers normally are kept in your China office because you have to deal with the annual audit and other random government inspections. So due to these reasons it’s not so easy for the headquarters or accountant overseas to manage this function for your China subsidiary. ...
3 Minutes! Financial Ratios and Financial Ratio Analysis Explained (Quick Overview)
OMG wow! So easy clicked here http://mbabullshit.com/ for Financial Ratio Analysis Explained Financial Ratio Analysis Explained in 3 minutes Sometimes it's not enough to simply say a company is in "good or bad" health... To make it easier to compare a company's health with other companies, we have to put numbers on this health, so that we can compare these numbers with the numbers of other companies... So now... how do we use numbers to assess company health? http://www.youtube.com/watch?v=TZZFBkbC2lA This is where Financial Ratios come in... Very common types of financial ratios are Liquidity Ratios, Profitability Ratios, and Leverage Ratios. Liquidity Ratios can tell us how easily a company can pay its debts... so that the company doesn't get eaten up by banks or other creditors. An example of this is the Current Ratio... This tells us how much of your company's stuff can be easily changed into cash within the next 12 months so that it can pay debts which need to be paid also within 12 months. The higher your current ratio is, the less risky a situation your company is in. Now moving on... Profitability Ratios can tell us how good a company is at making money. An example of this is the Profit Margin Ratio. This tells us how much profit your company earns compared to your company's sales. Normally, a higher number is better; because you want to earn more profit for every $1 of sales that you get. And finally, what about Leverage Ratios? These can tell us how much debt the company is using to make the company run and stay alive. An example of this is the simple Debt Ratio. This tells us how much % of a company's assets are paid for by debt. Normally, a company is considered "safer" when the debt ratio is low. Note that this was just a very simple overview. There are a lot more financial ratios & many different ways of using them; plus a lot of problems and disadvantages in using them as well. Would you like to SUPER easily learn more about many financial ratios with even deeper analysis & detail? Check out my FREE videos at MBAbullshit.com See ya there!
Views: 1249291 MBAbullshitDotCom
Here you will learn all about school management accounting in tally.Learn School Accounting in Tally ERP 9. Learn School accounting entries in tally. How to use tally erp 9 for school management. How to create school module in tally. Learn how to maintain school accounting in tally. How to create student ledgers, fee receipt ledgers to post accounting entries. Learn school fees comes under which head in tally. How to pass journal entry for school fees. How to print due student fee records. How to use cost centers for proper school management in tally. All about how to do school accounting. All school accounting entries discuss in this Tally Hindi Video tutorial. How to export due fee report in Microsoft excel. You can access each student information tuition fees, hostel fees, bus fees and balance fees reports using tally. Using Tally erp school management entries you can manage your school and education institute easily. FOR MORE VIDEOS:- UPDATE NEW TALLY RELEASE 6.4.3 FOR E-WAY BILL NEW FEATURES:- https://youtu.be/uawim27xyyk GST WITH TDS ON RECEIPTS FROM CUSTOMER:- https://youtu.be/LaSdEetNNyY GST RATE-WISE TAXABLE LEDGER IN SINGLE INVOICE:- https://youtu.be/zVmYlO_4BZQ GST WITH REJECTION OUT/PURCHASE RETURN VOUCHER AND DEBIT NOTE:- https://youtu.be/lMKWDO3pj9s GST WITH REJECTION IN/SALES RETURN VOUCHER AND CREDIT NOTE:- https://youtu.be/KhSNJKwjBno AUTOMATIC ROUNDING OFF INVOICE:- https://youtu.be/1R3dFNCGXfE UPDATE NEW TALLY RELEASE 6.4.2:- https://youtu.be/_xYXXQrHnrg UPDATE NEW TALLY RELEASE 6.4.1:- https://youtu.be/fR8cfhU6SkM COMMON DEBTS ADJUSTMENT FOR SALE AND PURCHASE FROM SAME PARTY:- https://youtu.be/na9NQ6ze1oQ SPLIT COMPANY DATA MONTH-WISE/YEAR-WISE https://youtu.be/gMxLWFYVf7Q CHANGE COMPANY'S FINANCIAL YEAR:- https://youtu.be/7Rt8LvBChHY ENTER CLOSING STOCK MANUALLY AND AUTOMATICALLY:- https://youtu.be/bYV51bDCG-I SHOW STOCK/ITEM-WISE PROFIT:- https://youtu.be/Zl5uTUvxjk0 PHYSICAL STOCK VERIFICATION WITH STOCK SUMMARY:- https://youtu.be/dqR39uG7Xbs GST ON ADVANCE PAYMENT TO SUPPLIER:- https://youtu.be/fw9Uhe4cJRo TALLY IMPORTANT SHORTCUT KEYS USEFUL FOR ACCOUNTING:- https://youtu.be/WVzS8pk6usg MANAGE E-WAY BILL USING NEW TALLY.ERP 9 RELEASE 6.4:- https://youtu.be/wRiq--ZSsrM MANAGE E-WAY BILL WITH GST:- https://youtu.be/vMISrxf9Ftg UPDATE NEW TALLY RELEASE 6.4 FOR E-WAY BILL AND COMPOSITION DELEAR:- https://youtu.be/D8iX_1KbA7E DEPARTMENTAL ACCOUNTING USING COST CENTRE:- https://youtu.be/PCJhVUP0puo UPDATE NEW TALLY RELEASE 6.3.2:- https://youtu.be/Vrfa_F4ES6U GST WITH HOTEL ADVANCE BOOKING ENTRIES:- https://youtu.be/UAr40-NNgh4 GST WITH HOTEL MANAGEMENT ACCOUNTING ENTRIES:- https://youtu.be/HLL6uPSjNV8 UPDATE NEW TALLY RELEASE 6.3.1:- https://youtu.be/0Gl1n374dYY GST RCM ON TRANSPORTATION CHARGES/GTA:- https://youtu.be/2L66oOPLMLE GST with TRANSPORTATION CHARGES under RCM:- https://youtu.be/mMykDmGzSx4 GST UNDER REVERSE CHARGE ON TRANSPORTATION CHARGES:- https://youtu.be/YD41h7iElqw UPDATE NEW TALLY RELEASE 6.3:- https://youtu.be/XBimKaNDCqU GST WITH FIXED ASSETS ENTRIES AS STOCK ITEMS:- https://youtu.be/oNVMYzqIui0 GST WITH AUDIT FEE ENTRIES BEFORE AND AFTER RCM SUSPENSION:- https://youtu.be/rt0rNEq_jUc GST WITH BANK LOAN AND EMI :- https://youtu.be/b8QufzHmy4M GSTR-4 RETURN OFFLINE UTILITY TOOL FOR COMPOSITION SCHEME DEALER:- https://youtu.be/acjiVr2GIEM MARK CHANGED VOUCHER IN TALLY.ERP9 :- https://youtu.be/jSj66Hy3EwM UPDATE NEW TALLY RELEASE 6.2 FOR GSTR-2 RETURN:- https://youtu.be/3lZzau8KAJU GSTR-2 RETURN OFFLINE UTILITY TOOL:- https://youtu.be/VuS5nnXCCtQ GST REVERSE CHARGE ENTRIES AFTER SUSPENSION:- https://youtu.be/F-kxd3LbF_4 GST PAYMENT CHALLAN RECONCILIATION:- https://youtu.be/9IBAv-GJcLk PURCHASE FROM URD - REVERSE CHARGE LIABILITY BOOKED:- https://youtu.be/uqg6-8iPyiI BANKING MANAGEMENT - CANCELLED AND BLANK CHEQUES:- https://youtu.be/p6n_jvq1Nxw GST WITH SALESMAN MANAGEMENT:- https://youtu.be/UsKi-W-hgS0 GST LATEST CHANGES AND UPDATES:- https://youtu.be/RUvbM0DlbG0 Subscribe our channel:-  https://www.youtube.com/channel/UC6J5kcyF_USR8-aYmwl4n4g Intro music provided by No Copyright Sounds(NCS) Follow us on: Facebook: https://www.facebook.com/tallyforall Instagram: http://www.intagram.com/md.firoz92 Twitter: https://twitter.com/mdfiroz9654?s=09 Tumblr: http://firoz92.tumblr.com Please subscribe this channel for more Tally & GST knowledge
Views: 9372 TALLY FOR ALL
Accounting Fundamentals | Cash vs. Accrual Accounting
Mark Farber delineates between two systems of accounting, Cash Accounting and Accrual Accounting, using an example of a business owner. __ Next Video - Accounting Fundamentals | Adjusting Entries - Part 1 of 4: Prepaid Expenses https://youtu.be/roFfchvOVqo Previous Video – Accounting Fundamentals | Trail Balance https://youtu.be/CfHZFzMcWSw
Views: 3479 HumberEDU
Mod-01 Lec-03 Accounting Principles - 1
Business Analysis for Engineers by Dr. S. Vaidhyasubramaniam,Department of Management,IIT Madras.For more details on NPTEL visit http://nptel.ac.in
Views: 6343 nptelhrd
Australian Lending Policy Updates July 2017
After APRA issued guidelines and rule changes regarding lending practice issues in March, things changed rapidly in the mortgage industry. In fact, I’ve noticed a bigger change in the six weeks following APRA’s announcement than I did in the six years before the announcement. In one case, a lender in our market increased their interest rates by .8% overnight. All over Australia, banks that used to be in the investment loan space are turning away potential customers. This is especially true for interest-only mortgage lending, which investors in Australia have generally relied on heavily. It's therefore more important than ever for property investors to have a strategy and plan in place to make sure you continue to grow your property portfolio and maximise your returns. Take advantage of Mortgage Corp's free loan strategy consultation https://www.mortgagecorp.com.au/loan-strategies/
Business combinations
Accounting for business combinations, intangible assets and goodwill has changed considerably under the new standard FRS 102. This short video outlines the main changes for UK GAAP users.
Views: 306 Mercia Group Ltd
Sunbeam Accounting Scandal - A Critical Analysis
This is a critical analysis and discussion of the Sunbeam accounting fraud scandal that occurred in 1996-7, covering the chain of events as well as what could have changed in order to prevent the re-occurrence of such a scandal. Prior to the company's collapse and restructuring, Sunbeam had approximately $1.3b in annual sales and employed 30,000 people worldwide. Like the Enron scandal, auditors failed to act according to auditing standards and rules, which led to Sunbeam's reported profit being grossly overstated. Created and compiled by: s3429543 Dulith Hewapathiranage s3432044 Simon Loo s3432001 Shing Kam
Views: 5547 Shing Cheong Kam
Comprehensive Problem on Final Accounts (B Com , CA Inter Level)  Part 1 [Hindi]
Channel Name has been changed. Please watch: "Channel Update: New Channel Name" https://www.youtube.com/watch?v=SHqY54hLUw4 -~-~~-~~~-~~-~- In this video I have tried to illustrate the solution of a problem of Final accounts of advanced level. This problem is suited for the students of B.com and CA Inter. The solution will be divided into 2 parts. This is the first part 1 of the solution. Link of Part 2 https://youtu.be/Xqlhtt_iUp0 Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 5599 The Commerce Tutor
Download ACC 545 final exam
Download: http://solutionzip.com/downloads/45-mcq-acc-545-final-exam/ 1) Stone Company changed its method of pricing inventories from FIFO to LIFO. What type of accounting change does this represent? A. A change in accounting principle in which the financial statements for prior periods included for comparative purposes should be presented as previously reported. B. A change in accounting principle in which the financial statements for prior periods included for comparative purposes should be restated. C. A change in accounting estimate in which the financial statements for prior periods included for comparative purposes should be presented as previously reported. D. A change in accounting estimate in which the financial statements for prior periods included for comparative purposes should be restated. 2) Which of the following is accounted for as a change in accounting principle? A. A change from the cash basis of accounting to the accrual basis of accounting B. A change in inventory valuation from average cost to FIFO C. A change in the estimated useful life of plant assets D. A change from expensing immaterial expenditures to deferring and amortizing them as they become material 3) Which of the following is NOT treated as a change in accounting principle? A. A change to a different method of depreciation for plant assets B. A change from completed-contract to percentage-of-completion C. A change from LIFO to FIFO for inventory valuation D. A change from full-cost to successful efforts in the extractive industry 4) Hannah Company began operations on January 1, 2007, and uses the FIFO method in costing its raw material inventory. Management is contemplating a change to the LIFO method and is interested in determining what effect such a change will have on net income. Accordingly, the following information has been developed: Final Inventory 2007 2008 FIFO $320,000 $360,000 LIFO 240,000 300,000 Net Income (computed under the FIFO method) 500,000 600,000 Based upon the above information, a change to the LIFO method in 2008 would result in net income for 2008 of A. $600,000. B. $660,000. C. $540,000. D. $620,000. 7) Interperiod tax allocation results in a deferred tax liability from A. the amount of deferred tax consequences attributed to temporary differences that result in net deductible amounts in future years. B. an income item partially recognized for financial purposes but fully recognized for tax purposes in any year. C. the amount of deferred tax consequences attributed to temporary differences that result in net taxable amounts in future years. D. an income item fully recognized for tax and financial purposes in any one year. 8) The rationale for interperiod income tax allocation is to A. recognize a distribution of earnings to the taxing agency. B. recognize a tax asset or liability for the tax consequences of temporary differences that exist at the balance sheet date. C. adjust income tax expense on the income statement to be in agreement with income taxes payable on the balance sheet. D. reconcile the tax consequences of permanent and temporary differences appearing on the current year's financial statements. 10) Mortonson Corporation factored, with recourse, $300,000 of accounts receivable with Huskie Financing. The finance charge is 3%, and 5% was retained to cover sales discounts, sales returns, and sales allowances. Mortonson estimates the recourse obligation at $7,200. What amount should Mortonson report as a loss on sale of receivables? A. $9,000 B. $0 C. $31,200 D. $16,200
Views: 60 Solution ZIP
What Do You Mean By Human Resource Accounting?
Concept of human resource accounting (hra). As commonly defined, an opportunity cost refers to the income or revenue forgone feb 21, 2017 such accounting system can be used determine where human resources costs are especially heavy light in organization. Nov 3, 2012 human resource accountinghuman accounting prepared by manisha [email protected] vaghela manishaahoo 1contents introduction of resources various definitions methods nov 23, 2016 meaning, objectives, advantages and disadvantages hra cost valuation companies using in india. There are three major steps you can take to align hr efforts more closely with the company's financial systems (1) realign company strategy. In this slides you will learn about; Meaning and definition hra purpose in an organization objectives advantages. Googleusercontent search. Conversely, the report can be used to identify those areas jun 1, 2016 this growing appreciation has led increased focus on human capital management strategies in order maintain, protect, and expand employee resources. It also involves measuring the economic value of people to organization jun 22, 2017. Jun 14, 2012 but now a day this concept has changed and the cost incurred on any asset (as human resources) should be capitalised as it yields benefits measurable in monetary terms. Dec 16, 2016 hra is a subsection under accounting. Human resource accounting is the process of identifying and reporting investments made in human resources an organization that are presently unaccounted for conventional practices. Physical assets do not have may 19, 2012 definition of human resources accounting resource is nothing but the valuation asset in monetary terms and process their recording disclosurehuman business'. It is the measurement of cost and definition human resource accounting assigning, budgeting, reporting resources incurred in an organization, including wages you also might like jeffrey glenwhen planning for a college major distinguishing between anthropology sociology can be used quantify value to employees organisation. Human resource accounting meaning, definition, objectives and what is the definition of human resources accounting? Human slidesharemethods virtual learning three measuring costs concept springer linkthe intersection hr strategic finance. Human resource accounting hra human meaning, definition, objectives and limitations article shared by smriti chand limitations! meaning resources are considered as important assets different from the physical. Cost may be defined in terms of a human resource accountingoutlay and opportunity costs are components original replacement. Related articles what is the meaning of juvenile delinquency? . Wikipedia wiki human_resource_accounting url? Q webcache. Who can provide the same set of services as that individual being replaced; Positional replacement costs which refers to cost replacing referred by an incumbent in a defined position purpose human resource (hr) accounting is assign d
2017 CPA Exam Changes
Watch this 40-minute video on the major changes expected to appear on the 2017 CPA Exam. Roger Philipp, CPA, CGMA, takes an in-depth look at the expected changes and advises you on how to successfully prepare! In this video, you’ll learn about the exam changes being proposed for: Content, Skill level, Question type, Structure, & Time allotment. Also, for further information, download our free 2017 CPA Exam Changes Handout - https://www.rogercpareview.com/sites/default/files/2017_flyer_final-opt_0.pdf Connect with us: Website: https://www.rogercpareview.com Blog: https://www.rogercpareview.com/blog Facebook: https://www.facebook.com/RogerCPAReview Twitter: https://twitter.com/rogercpareview LinkedIn: https://www.linkedin.com/company/roger-cpa-review Are you accounting faculty looking for FREE CPA Exam resources in the classroom? Visit our Professor Resource Center: https://www.rogercpareview.com/professor-resource-center/ Video Transcript Sneak Peek: Hello and welcome, welcome to the 2017 CPA Exam changes. My name is Roger Philipp, CPA, CGMA of Roger CPA Review and we're going to spend the next 30 to 40 minutes talking about the exciting new 2017 CPA exam. Now, when looking at this new exam, they came out with an exposure draft, they being the AICPA. They came out with this September 1st of 2015. Basically they want it back for comment and then they're gonna issue the final draft the second quarter of 2016, becoming effective sometime the second quarter of 2017. With the exam, there are different content changes and they're looking at understanding what we call "higher level skills" and this all came about because of the demands of a CPA with two years of experience. And that's really what they're looking at, they're saying, "What does a typical CPA with two years of experience do in the real world?" Now a lot of things have changed since my day when I was a new hire at Deloitte & Touche because back in my day my job was to go out there and prepare spreadsheets and do lead schedules and ticking and tying and footing and cross-footing and all that kinda stuff. Well, in today's day and age things have changed where computers do a lot of those tasks. So, because computers do those tasks we realize that a CPA has to have a higher level understanding. He needs higher, or she needs higher, level skills. Because of the things we're gonna be doing, recognizing certain issues, identifying errors, challenging assumptions, applying both professional judgement and skepticism in doing an Audit, for example. So, because of that there's gonna be structural changes to the exam, which basically means we're gonna have more task-based simulations. We're also gonna be having task-based simulations in areas that didn't have them previously, like for example BEC, Business Environment and Concepts. Also the purpose of this additional TBS is to test those higher order or higher level skills, especially things like analysis and evaluation. We'll talk about where some of those came from in a few minutes, but they're looking more at not just understanding, remembering, and application but also analysis and what we call evaluation. There's also gonna be some administrative changes and then we'll talk also on just, hey how do you prepare for this exciting new exam? Now, why are the changes occurring and I just touched upon that a little, but because of the change in the business environment and technology as well their realizing that the demands on the two year CPA has increased traumatically. And what that basically says, is we have an increase in the required knowledge, skills, responsibilities of a newly licensed CPA. Therefore, there was a need to change the exam.
Views: 53924 Roger CPA Review
What Is The Accrual Concept Of Accounting?
Accrual concept is the most fundamental principle of accounting which requires recording revenues when they are earned and not received in below article defines accrual financial. Definition and examples accounting explained. Since services have not been provided yet, it is revenue Definition and examples accounting explained. Accrual concept of accounting requires 15 may 2017 the accrual principle is that you should record transactions in period which they actually occur, rather than ''21erven 2016additionally, allows companies to reflect fact sales have been made and expenses incurred even if cash has not changed hands accruals this essay, i aim explain meaning accounting, will expand on by identifying 30 nov 2016 prudence are two totally different concepts can be differentiate as mentioned below according proceeds also an accrued income (asset) balance sheet for delivery fiscal year, but 23 2013 definition business recorded when called basis it 10 aug 2015 only method recognized within gaap principles, generally accepted principles 'unearned revenue' accounts represent amount received before services provided. The benefit of the it is unlike cash accounting in which transaction deemed as valid for recording when actually received or paid. What is accrual concept in accounting? Examples. What is accrual concept in financial accounting? Fareedsiddiqui. Accrual basis accounting accountinginfo. Under the cash basis of accounting, revenues accrual concept in accounting means that expenses and are recorded period they occur, whether or not is involved. Gaap principles using the accrual concept. It also speaks about the importance of accrual basis accounting method while discussing in a little financial statements are prepared under accruals concept which requires that income and expense must be recognized definition fundamental recognizes time lag between sales purchases on one hand, collection is an measures performance position company by recognizing economic events regardless when 6 mar 2015 means expenses revenues recorded period they occur, whether or not cash involved accounting, reported statement earned. Fareed siddiqui what is the accrual basis of accounting? What accruals concept? Accrual concept accounting for managementaccrual concepts youtube. What is accrual concept? Definition and meaning accounting investopedia. Accrual accounting definition & example accruals concept of differentiate between accrual and prudence accountingaccrual slideshare. What is accrual concept in financial accounting? .
Views: 348 Tip Tip 3
Interview Question: Tell me about a time you handled a difficult situation
You'll definitely encounter this question during your next interview, so make sure you know how to answer it! For more career tips, visit http://careerly.co
Views: 1765095 Careerly
Intangible Assets Accounting (Purchased Patent, Useful Life Amortization, R&D Expenses)
Accounting for an intangible asset as a purchased patent (technology related), example is where Corp-A purchased a patent for $5,000,000 on 1/1/20X1 with an estimated useful life of 10 years, during 20X2 R&D costs of $450,000 related to the patent & on 1/1/20X2 because of recent market changes the remaining usefule life of the patent is estimated at 5 years (changed from 10 years), capitalize at purchase cost and amortize over useful life, the R&D expenses are expensed when incurred,Technology Related: (relate to innovations or technological advances and trade secrets),1-Patents protected for period of 20 years either as product patents (cover the physical product) and process patents (covers the process of making the products), 2-If company buys a patent, it capitalizes at cost paid, 3-Can capitalize other costs for securring the patent, legal costs to secure and protect the patent, 4-Must expense as incurred any R&D (research & development) costs related to development, detailed example and accounting by Allen Mursau
Views: 12518 Allen Mursau
Accounting and Auditing
The department provides you with a practical, technology-focused qualification in accounting or auditing that will lead you to a professional career. All our programmes are aligned with local and even international professional bodies such as AAT, IIA, ISACA, SAIPA, IAC. During your journey to become a professional, you will be assisted by highly qualified and award-winning lecturers with years of experience in both industry and teaching.
Views: 1526 CUTFreeState
Here you will learn how to apply GST with Hotel Advance booking entries In tally, Learn Hotel Accounting with GST in Tally ERP 9.How to create masters for hotel accounting. If you want to learn hotel or lounge accounting with gst then this video for you. How to set room gst slab rate for different types of rooms. What is treat all sales as new manufacture option in tally. Explain after gst regime what is the process of hotel accounting. Detail explanation with practical example in Tally ERP9 for GST. To learn accounting entries for hotel industry is a job oriented skill for all accounts students. How to use tally erp 9 for hotel management. Learn how hotel management operations are structured. Explore overview about HOSPITALITY and Hotel Management. How to book hotel room against advance received from customers. How to manage hotel accounting, gst taxation and workflow in the same tally platform. Learn accounting entries for services in tally with gst. FOR MORE VIDEOS:- GST WITH HOTEL MANAGEMENT ACCOUNTING ENTRIES:- https://youtu.be/HLL6uPSjNV8 UPDATE NEW TALLY RELEASE 6.3.1:- https://youtu.be/0Gl1n374dYY GST RCM ON TRANSPORTATION CHARGES/GTA:- https://youtu.be/2L66oOPLMLE GST with TRANSPORTATION CHARGES under RCM:- https://youtu.be/mMykDmGzSx4 GST UNDER REVERSE CHARGE ON TRANSPORTATION CHARGES:- https://youtu.be/YD41h7iElqw UPDATE NEW TALLY RELEASE 6.3:- https://youtu.be/XBimKaNDCqU GST WITH FIXED ASSETS ENTRIES AS STOCK ITEMS:- https://youtu.be/oNVMYzqIui0 GST WITH AUDIT FEE ENTRIES BEFORE AND AFTER RCM SUSPENSION:- https://youtu.be/rt0rNEq_jUc GST WITH BANK LOAN AND EMI :- https://youtu.be/b8QufzHmy4M GSTR-4 RETURN OFFLINE UTILITY TOOL FOR COMPOSITION SCHEME DEALER:- https://youtu.be/acjiVr2GIEM MARK CHANGED VOUCHER IN TALLY.ERP9 :- https://youtu.be/jSj66Hy3EwM UPDATE NEW TALLY RELEASE 6.2 FOR GSTR-2 RETURN:- https://youtu.be/3lZzau8KAJU GSTR-2 RETURN OFFLINE UTILITY TOOL:- https://youtu.be/VuS5nnXCCtQ GST REVERSE CHARGE ENTRIES AFTER SUSPENSION:- https://youtu.be/F-kxd3LbF_4 GST PAYMENT CHALLAN RECONCILIATION:- https://youtu.be/9IBAv-GJcLk PURCHASE FROM URD - REVERSE CHARGE LIABILITY BOOKED:- https://youtu.be/uqg6-8iPyiI BANKING MANAGEMENT - CANCELLED AND BLANK CHEQUES:- https://youtu.be/p6n_jvq1Nxw GST WITH SALESMAN MANAGEMENT:- https://youtu.be/UsKi-W-hgS0 GST LATEST CHANGES AND UPDATES:- https://youtu.be/RUvbM0DlbG0 NEW TALLY RELEASE 6.1.1 AND SOME CHANGES IN GST:- https://youtu.be/5M9EBi4ktYY GST WITH TDS ON PAYMENT TO JOB CONTRACTOR:- https://youtu.be/XEPtPfUA_to GST WITH GOODS AND SERVICES IN SINGLE SALES INVOICE:- https://youtu.be/p6jKC_QAk5o GST STATIONERY BILL WITH MULTIPLE TAX RATE ITEMS:- https://youtu.be/djzqYBEtfcg GST WITH TELEPHONE BILL AND STATIONARY BILL EXPENSE:- https://youtu.be/CXqmlwULsKo GST WITH CUSTOM DUTY ON IMPORT OF GOODS:- https://youtu.be/ps8bnUSynWI GST WITH ADVANCE RECEIPT ADJUSTMENT AND CANCELLATION:- https://youtu.be/CaDyaPiRPHY GST UNDER REVERSE CHARGE ON LABOUR CHARGES:- https://youtu.be/dE7sp3a8I2Q GST WITH STANDARD RATES FOR STOCK ITEM:- https://youtu.be/IfNx2CYlVW4 GST WITH POINT OF SALES (POS) INVOICE:- https://youtu.be/zp7pL4w2MoQ GST WITH CAPITAL GOODS PURCHASE AND INPUT CREDIT ADJUSTMENT:- https://youtu.be/rFLgpyYDyVc GST MULTI-TAX INVOICE WITHOUT INVENTORY/STOCK:- https://youtu.be/x1_AQ9txSok GST WITH MIXED SUPPLY OF GOODS:- https://youtu.be/8avZ8uOa5Oc GST WITH COMPOSITE SUPPLY :- https://youtu.be/FwT5inFkOP0 GST UNDER REVERSE CHARGE ON SALES:- https://youtu.be/gsw2bUKb-Lc GST WITH FREE SCHEME GOODS:- https://youtu.be/bsPqnmqdd2M GST UNDER REVERSE CHARGE ON TRANSPORTATION CHARGES:- https://youtu.be/YD41h7iElqw GST WITH REVERSE CHARGE MECHANISM-LIABILITY/EXEMPTION:- https://youtu.be/35gB42Bc8v4 GSTR-1 RETURN FILE:- https://youtu.be/7ifAG-xUhrA GST WITH RENT PAID/EXPENSE UNDER RCM:- https://youtu.be/iiRed8VuKYI TALLY NEW UPDATE RELEASE 6.1 FOR GSTR 1:- https://youtu.be/H2rdmLLEMaY GST with FREE SAMPLES/CHARITY/DONATION/DRAWINGS:- https://youtu.be/2qu5zIS6_A4 GST with EXEMPT/TAXABLE/LUT/BOND EXPORT INVOICE:- https://youtu.be/b9ibOl9UE3c INPUT AND OUTPUT GST ADJUSTMENT: https://youtu.be/5BhYgXPYRQc GST CLASSIFICATION FOR HSN CODES:- https://youtu.be/gVZp0yrnp4o GST Entries with BANK CHARGES/EXPENSE:- https://youtu.be/1Zb7z5GzU_U GST with CREDIT NOTE/DEBIT NOTE and DISCOUNT RECEIVED/DISCOUNT PAID:- https://youtu.be/ecjB7pTbth0 GST ENTRIES/TRANSACTION for INELIGIBLE ITC:- https://youtu.be/aci0keMJp6o GST with TAX AMOUNT INCLUSIVE OF TAX and ROUNDING OFF:- https://youtu.be/wjk0YpQJdBQ Subscribe our channel:-  https://www.youtube.com/channel/UC6J5kcyF_USR8-aYmwl4n4g Intro music provided by No Copyright Sounds(NCS) Follow us on: Facebook: https://www.facebook.com/tallyforall Instagram: http://www.intagram.com/md.firoz92 Twitter: https://twitter.com/mdfiroz9654?s=09 Tumblr: http://firoz92.tumblr.com Please subscribe this channel for more Tally & GST knowledge
Views: 1513 TALLY FOR ALL
Cloud Accounting, Distribution and Inventory in the Music Industry
"We've been able to get better insight and access to our product - where it's going, how much it costs and for whom - than ever before." - Ben Lang Ben Lang is the Director of Operations at Independent Distribution Collective - a music distribution and marketing company based in San Francisco that offers physical and digital distribution, marketing and promotion, artist development services, and music licensing. See what he has to say about AccountSuite and why he has chosen us. To learn more about AccountingSuite, please visit us at www.AccountingSuite.com
Views: 1604 AccountingSuite
[Hindi] शेयर क्या होता है  | What is Share or stock  [Hindi]
Open Best Demat Trading account - A Lowest Brokerage Zerodha / UPSTOX Trading account with us and enjoy Multiple benefits worth 10000 rupees Free !! 1:Free Live Intraday market Calls for educational Purpose . 2:Intraday Training Webinar on Selecting Stocks for intraday. 3:Access to Screener to select stocks for intraday for 15 days 4:Zerodha Pi Stock selection Alert Codes. Click to Open an account with upstox : https://upstox.com/open-demat-account/?f=dlmk 400rs free brokerage uptox coupon - JS400 Zerodha : Click on the below link and Open an account with ZERODHA instantly within 10 Minutes with your Aadhaar. https://zerodha.com/open-account?c=ZMPXXL Full Video on how to open Zerodha account instantly - https://www.youtube.com/watch?v=l2RbKniOQBg Full Video on how to open upstox account instantly - https://youtu.be/s6Mqd5yPOJs introduction to what is share in Hindi. शेयर क्या होता है | स्टॉक क्या होता है शेयर मार्किट कैसे बना Recommended Books : These books changed my life for good , please buy and read them all. Remember , a day without learning is a day wasted. 1)Rich Dad Poor Dad : Buy from http://amzn.to/2rpsMxt 2)The Intelligent Investor : Buy from http://amzn.to/2rJU30H 3)Think and grow Rich : Buy from http://amzn.to/2stxREl 4)Value investing and Behavioral finance: http://amzn.to/2rvvvY4 5)Security Analysis by Graham: http://amzn.to/2str2T3 Also watch अर्निंग्स पर शेयर(ईपीएस ) पी इ रेश्यो | What is EPS /PE ratio in Share market [Hindi] https://youtu.be/4SOcYFOi4C4
Views: 103116 Jaano Aur Seekho
How Do You Find The Net Income On A Balance Sheet?
Then you add up the changes in 8 jul 2015 if any portion of net income is not distributed to owners company, it reflected as retained earnings on a company's balance sheet total (or profit). The balance sheet provides a look at business snapshot in time, often the end of quarter or year subtract beginning retained earnings from ending to calculate year's. A negative result is referred to as net loss. Normally the net income amount on my profit & loss statement always matches balance sheet of monthly financial. Please note one change is that the owner's equity or stockholders' will increase by amount of net income. Unfortunately, they you add up the changes in assets (cash, ar, inventory, buildings and equipment, patents), which equal. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes with standard accounting software, normally balance sheet shows net as a separate line in equity section, but manager puts all does not calculate. In the example, minus equals $500add dividends paid to yearly retained earnings calculate net income for year 8 sep 2008 balance sheet equity section refers total which is owners. Here's how to calculate net income with three examples. Khan how to calculate net income from balance sheet startupbizhub. Run your p&l for this fiscal year to date. Net income from profit & loss statement does not match balance calculating net a sheet? What is income? Definition formula video lesson ni investopedia. My net income on my balance sheet isn't matching the money instructor. Net income using the retained earnings can you calculate net from assets, liabilities, and equity how to find accounting unpluggedfinancial statements balance sheet a are statement connected bookkeeping linked what is income? If company earns profit, which items change your quora. Net income does not match on the balance sheet and. Balance sheet and income statement relationship (video). Balance sheet net income manager forum. Before we learn how to calculate your net income from the balance sheet let us first basic terms used here. Now run a standard accounting relationship linking the income statement and balance sheet net (loss) difference between revenues expenses is expressed 7 mar 2016 when i my statements, not samenet doesn't match on. The amount of the profit or net income is while it buried in retained earnings, you can see that it's there by going to statement stockholders' equity, which will show rollforward activity flows ''30 mar 2011. Aspx url? Q webcache. The net income portion is easily calculated 24 may 2011 a company reports its on statement, but also connected to the balance sheet through retained earnings generally, amount of owner's equity will have changed from previous due company's additional assets, liabilities, and stockholders' it presents revenues, expenses, gains, losses for in business, positive result 1) revenues gains minus 2) expenses. The p&l calculates net inco
Views: 674 tell sparky
Advanced Financial Accounting by SMB Suite
If your business has grown, your needs have changed. It's time to reassess. Using the same business software you've been using for years is jeopardizing your ability to improve performance. You need software that responds to the changing needs of your growing business. Advanced financial accounting solutions by SMB Suite include set-up, implementation, training and unlimited support. The business software itself offers: • Enhanced Inter-Company & Multi-Company Functionality • Multi-Company Reporting • Positive Pay & SafePay Support • Electronic Bank Reconciliation • Fixed Asset Management Learn more about how SMB Suite's Financials Advanced Package provides powerful forecasting tools to drive the growth of your business. Visit SMB Suite online at http://www.smbsuite.com/ or call 1.888.525.6398.
Views: 275 SMB Suite
AC201 Chapter 1 Excel Demo for Principles of Financial Accounting
Creating financial statements using Excel for Chapter 1 of Accounting -Tools for Business Decision Making
Views: 11448 Linda Bell
Intro to Financial Accounting: Inventory Costing Systems
Introduction to Financial Accounting Professor Alexander Sannella Lecture 12 0:12 Review from previous class Chapter 6 Learning Objective 2 5:00 Inventory Valuation (Ending inventory and COGS) 7:50 Recording Merchandise Inventory 10:36 Perpetual Inventory Example 16:03 Changes in Cost per unit 16:25 Inventory Methods (4) 19:50 example continued. 24:20 Perpetual Specific Identification (example) 31:45 Perpetual FIFO 34:35 Example 38:21 Inventory Record 44:10 Perpetual LIFO 47:18 Example 52:10 Perpetual Weighted-Average Questions and Explanations 1:02:45 Question 1 1:06:27 Question 2 1:12:09 Question 3 1:16:15 Comparison of the Inventory Costing Methods At the end of each fiscal period, there are two accounts that reflect information about inventory - merchandise inventory and the cost of goods sold. The number of units in merchandise inventory at the end of the period can be determined by physically counting the amount of inventory owned by the company at the end of the period. The ending inventory is valued by multiplying the units on hand by the cost per unit. When the cost of the inventory does not change during the month, the assignment of dollars to ending inventory and to cost of goods sold becomes fairly easy exercise. Simply, multiply the number of units on hand by the cost per unit. Likewise, multiple the number of units sold by the cost per unit. There are four basic GAAP acceptable approaches to assigning cost to inventory: (1) specific identification, (2) first-in, first-out (FIFO), (3) last-in, last-out (LIFO), and weighted average. FIFO assigns the most recent cost to ending inventory, which closely reflects current replacement cost. As inventory is sold under FIFO, the cost of the oldest item in inventory is assigned to each unit as it is sold (i.e. to cost of goods sold). As inventory is sold, the cost of the NEWEST item in inventory is assigned to each unit as it is sold. LIFO cost of goods sold closely reflects the most recent cost (i.e. current replacement cost). LIFO assigns the oldest costs to the units in ending inventory. Compared to FIFO, LIFO will result in higher COGS (cost of goods sold) and lower net income when costs are constantly increasing. The weighted average method simply uses the average costs. It is calculated as dollars in inventory divided by units on hand. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
EuroMaTech International Financial Reporting Standards (IFRS)
The diminishing differences between generally accepted accounting principles (GAAP), principally established by the Financial Accounting Standards Board (FASB), and international financial reporting standards (IFRS), as established by the International Accounting Standards Board (IASB”, is narrowing at a faster pace. IFRS are now the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use. EuroMaTech is a trustful and reliable training company with multiple locations.Check out our video #Euromatech #euromatechtraining #training #trainingcourse #trainingseminar #trainingprogramme #trainingprogram #managementandleadership #projectmanagement #oilandgas #financeandaccounting #administrationandsecretarial #consulting #management #leadership #maintenacemanagement #humanresources #hr #dubai #uk #london #amsterdam #geneva #newyork #oman #dubaitraining #managementtraining #corporatetraining #worldclasstraining #audittraining #finanace #contractsmanagement #healthandsafetytraining #instrumentationtraining #hrtraining #leadershiptraining
Views: 6880 EuroMaTech
Accounting Practices and Principles- Learning Objective 2.6
Accounting Practices and Principles -Chapter 2, Learning Objective 6 Professor Sannella June 23, 2016 Please visit our website at http://raw.rutgers.edu Time Stamps: 00:00:52 T-Accounts 00:02:59 Debit Credit System 00:05:53 Expanded Accounting Equation 00:07:15 Stockholders’ Equity Accounts 00:11:38 Posting to T-Accounts 00:14:15 Recording in the Journal and Posting in Ledger 00:19:02 Post to T-Accounts: Stock Issuance 00:23:40 Issue Stock: Journal Entry Format 00:25:45 Obtain Loan 00:27:24 Rental Agreement 00:34:45 Purchase Inventory 00:35:29 Payment of Advertising 00:36:55 Pay Amounts Due 00:38:28 Sell to Customers for Cash 00:42:52 Sell to Customers on Account 00:44:05 Pay Wages 00:44:44 Unearned Revenue 00:45:05 Customer Collections 00:45:30 Paid Principal and Interest 00:47:21 Paid for Insurance in Advance 00:51:40 Paid Rent 00:53:05 Pay Dividends Summary: In this lecture, Professor Sannella covers T-Accounts with the class, specifically how to post on them. After the conceptual material, he applies the information to an example using the company Jana's Juice. Please subscribe to our channel to get the latest updates on the RU Digital Library. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Costs of Production- Microeconomics 3.3 (Part 1)
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Next video-drawing the cost curves https://www.youtube.com/watch?v=qYKJdooEnwU Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294
Views: 808947 Jacob Clifford
Why Deferred Tax Liabilities Get Created in an M&A Deal
Why Do Deferred Tax Liabilities Matter? They're part of any M&A deal. By http://breakingintowallstreet.com/biws/ You'll find you always see them in the purchase price allocation schedule, and they impact the combined company's taxes after the deal takes place. You see them all the time, especially for highly acquisitive companies like Oracle. They reflect the fact that there are TIMING differences between when a company records taxes on its publicly filed Income Statement and when it actually pays those taxes. Specifically, when a buyer writes up the seller's PP&E or Other Intangible Assets in a deal, the buyer depreciates or amortizes them over time... but only on the BOOK version of its statements! It can't do that on the TAX version of its statements it files when paying taxes to the government, which means that the actual amount of cash taxes it pays will be different from what's on its Income Statement. Here's the Easiest Way to Think About DTLs: Instead of thinking about the company's historical situation or its taxable income, think about its FUTURE TAXES. If future cash taxes exceed future book taxes, a DTL will be created. We need to pay ADDITIONAL taxes for items that are not truly tax-deductible. If future cash taxes are less than future book taxes, a DTA will be created. We will pay LESS in taxes than the company's book Income Statement implies. As the book and cash tax payments equalize over time, the DTL or DTA goes away. Two Most Common Questions on DTLs: "Wait a minute - why does a DTL get created immediately? Isn't it caused by the book and cash taxes being different many times historically?" Nope, not necessarily - that CAN be a cause, but DTLs/DTAs can also be created by events that change the company's FUTURE tax situation. So you need to think about how taxes will change in the future, not how they've changed in the past, to determine this. "Wait a minute, the taxable income for book purposes is LOWER than it is for tax purposes - doesn't that create a Deferred Tax ASSET (DTA) instead?" Nope. The relevant question is not how the taxable income differs, but how the FUTURE TAXES will differ. If the company will pay more in cash taxes than book taxes in the FUTURE, as a result of these write-ups, or any other changes, then a DTL gets created.
Top 10 Job Interview Questions & Answers (for 1st & 2nd Interviews)
This top 10 job interview questions and answers video will show you how to be prepared for your next job interview. When you know how to answer these interview questions and answers, you will be more prepared than everyone else who is interviewing for this job. Read the article here: http://www.jobinterviewtools.com/top-10-job-interview-questions/ Download Top 10 Interview Answers here: http://www.jobinterviewtools.com/top10/ Read the Top 10 Interview Questions: http://www.jobinterviewtools.com/top-10-job-interview-questions/ No matter what kind of job interview you have coming up, it’s likely they will ask you several of these questions, if not all of them. So I want to share with you my best tips for answering these top 10 interview questions. These are the 10 most common questions a hiring manager, recruiter, or interviewer will most likely ask you on a first, second, or even third job interview. To make answering these top 10 questions easy for you, I’m going to break down each question in to all the Do’s and Don’ts so it will be blatantly obvious how to answer them, and as equally important, how NOT to answer them. Since these are the most popular interview questions, you’ve probably seen or heard of them before, and you may think you know how to answer them. These questions have been around for a long time and interviewers have been asking them since people started interviewing for jobs. Even though they are old questions, one thing has changed: The best way to answer them for the current times. Back in the 80’s and 90’s, your answer to any of these top 10 questions would have been different than the way you would answer it today in 20xx. And I’m going to show you how to answer these questions for current times. No doubt, there are many other questions you will be asked on your interview, but these are the root questions. You need to know these. Once I show you how to answer these top 10 questions, I’ll show you where you can a complete list of other common interview questions and answers with a break-down on the best way to answer each one.
Views: 3256257 Don Georgevich

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