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Resources for Accountants

318. AICPA’s 8-Point Plan To Fix The Accounting Pipeline Problem [Video]

318. AICPA’s 8-Point Plan To Fix The Accounting Pipeline Problem

We dissect the AICPA’s plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: “How can we make accounting cool?”; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

00:19 Preview: What will bring young people to accounting profession
01:01 Introduction and some of what we’ll cover this episode
03:13 NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
10:30 AICPA’s town hall
16:43 Thank you to our sponsor, OnPay
18:01 Checking in on our live chat
21:12 Matt asks for ideas on how he should obtain his 150 hours
27:47 Thank you to our sponsor, Relay
29:55 Accounting Today article on CPA exam pass rates falling in 2022
35:59 GAO says IRS gave up on computer systems upgrade
39:49 Thank you to our sponsor, First Republic Bank
40:35 Republican bill to abolish the IRS
43:15 Lets talk about Adani Group’s auditors
46:20 Tether releases latest attestation report
48:51 Nikole’s voicemail and the Accounting High bracket
51:32 Company holds “funeral” for QuickBooks
53:35 Blake reads some listeners comments and feedback
58:05 Wrap up and the CAP is going to Expensicon!
59:46 Classifieds
59:48 Client Hub
01:00:24 RightTool
01:00:46 Federal Tax Updates Podcast
01:01:59 How to advertise in these classifieds

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Categories
Resources for Accountants

Aggressive Revenue Recognition, Part 2 [Video]

Aggressive revenue recognition occurs when companies (a) prematurely recognize revenue or (b) recognize bogus sales. Here are some ways companies have recognized bogus revenue:(1) shipping product the customer didn't order(2) shipping empty boxes to customers(3) relaxing the credit policy and making sales to people who can't pay(4) recognizing revenue when the product has been consigned(5) bill-and-hold sales(6) recognizing revenue for sales of nonexistent inventory(7) recognizing revenue for transactions that lack commercial substance(8) grossing up revenue (9) boomerang transactions— Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS* http://eepurl.com/dIaa5z— LISTEN TO THE SCHEME PODCAST* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc* Website: https://www.edspira.com/podcast-2/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin

Categories
Resources for Accountants

Accountant or Bookkeeper? Which Role Is Right for You [Video]

Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy This video will be your ultimate guide on the differences But more importantly, I am gonna focus on how you can make high 6 figures with either of these 2 professions So here is our agenda: we'll take a look at the Job responsibilities of both the bookkeeper and the accountant We'll talk about the education requirements And then, I'll tell you How you can earn high 6 figures regardless of whether you chose to be a bookkeeper or an Accountant Time Stamps: 00:00 Intro 00:27 Agenda 00:46 1. Job Responsibilities 02:23 2. Education Requirements 04:07 3. How Accountants Make $100K plus 06:37 4. How Bookkeepers Make $100K plus ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice

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Resources for Accountants

All about Stock halt- Easy Explaination- Part 1 [Video]

In this video, you will learn about stock halt, its rules, and how it is triggered.#stockhalt #stockmarket #wallstreetmojo #stockexchange #regulatorChapters:00:00 – Introduction00:35 – What is the stock halt?01:29 – Rules02:17 – Triggers of stock halt02:48 – ConclusionWhat is the stock halt?A stock halt is a scenario where the exchange halts trading in a particular stock for some time.It may be done when a regulatory action is imposed, important news is being anticipated, or a particular stock is just being bought or sold excessively.(Explained in detail in the video)RulesWhen a stock is halted for trading, it is coded with an identification number like T1, T2, T5, H10, etc.When the situation arises for halting trading in a particular stock, the exchange announces a halt to all brokers.Triggers of stock haltIf the stock price fluctuates up and down due to high volatility, then the exchange will either halt the trading, or the circuit breakers will be activated.Trading halts have been put into place so that a select group of individuals with significant capital does not manipulate prices to their whims and fancies.This will be all for this video. Subscribe to the channel, like the video, and share it with others.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo