How (& When) To Consolidate Financial Statements [Video]
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How (& When) To Consolidate Financial Statements [Video]

I discuss the various methods of Accounting for Investment in Subsidiary and showing an example of a consolidated balance sheet. 🔥Enroll in my online course “Night Before the Accounting Interview Guide” including All Levels Q&A🔥:https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs:​https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business​——————————————————————My Merch:https://the-financial-controller.creator-spring.com———————————————————————Hang Out with me on social media:📸 https://www.instagram.com/the_financial_controller/📱https://www.tiktok.com/@thefinancialcontroller🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666DISCLAIMER: 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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Rental Income that’s Tax Free [Video]
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Rental Income that’s Tax Free [Video]

You can get tax-free income from renting out your home. Section 280A(g) says:• if you use a dwelling unit as a residence, • and you rent it for less than 15 days out of the year, • you can pocket the money without paying any federal income tax. A dwelling unit could be a house, apartment, condo, mobile home, or even a boat.The only downside is that you can’t deduct any costs related to renting the place out.Now if you have a business, you could rent your residence to your business.• You get tax-free income• The business gets a tax deductionBut there are caveats:• There must be a valid business purpose – A shareholder meeting, a company retreat, a meeting with a client, etc. – Make sure you’ve got documentation (a signed contract)• The rental rate must be fair market value• And the business can’t be a sole proprietorship or a single-member LLC— Edspira is the creation of Michael McLaughlin, an award-winning professor 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, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — 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/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/

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50 Most Powerful Motivational Quotes for Success in Life | For WhatsApp Status [Video]
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50 Most Powerful Motivational Quotes for Success in Life | For WhatsApp Status [Video]

50 Most Powerful Motivational Quotes for Success in Life WhatsApp Status; powerful inspirational video about life lessons for starting a business motivation or any other goal. Sayings and quotes about life lessons, friendship, love, money, death, success, relationships, friendship, women, happiness, death, and time. Try not to laugh impossible clean hard. For WhatsApp status, with voice.Other inspiration and motivation videos that may interest you:Positive inspirational quotes about life lessons https://youtu.be/FVAHSAr6Wm0Best motivational quotes for students with voice https://youtu.be/3m3dBZYc-BIBest motivational quotes for success in life https://youtu.be/y4L0mZ7T2bkBest motivational quotes in English for WhatsApp status https://youtu.be/eIx5ujzHxxcMorning motivational quotes for students https://youtu.be/QD8w2K_4DzsMotivational quotes never give up WhatsApp status https://youtu.be/pYJm1XmLAfwBest quotes about life lessons https://youtu.be/FVAHSAr6Wm0Short inspirational quotes that will make you cry https://youtu.be/3m3dBZYc-BIFamous motivational quotes about friendship https://youtu.be/y4L0mZ7T2bkEncouraging motivational quotes for students https://youtu.be/eIx5ujzHxxcMotivational quotes never give up https://youtu.be/QD8w2K_4DzsInspirational quotes motivational sayings https://youtu.be/pYJm1XmLAfwInspirational quotes with music https://youtu.be/FVAHSAr6Wm0Buddha inspirational quotes https://youtu.be/3m3dBZYc-BITurning things into inspirational quotes https://youtu.be/y4L0mZ7T2bkFunny quotes and sayings from movies https://youtu.be/eIx5ujzHxxcDisney motivational quotes about life lessons that will make you cryBest motivational quotes for success in life https://youtu.be/pYJm1XmLAfwStatus motivational quotes never give up https://youtu.be/FVAHSAr6Wm0Stoic BTS motivational quotes about friendship https://youtu.be/y4L0mZ7T2bkSad quotes about love TikTok https://youtu.be/y4L0mZ7T2bkBuddha quotes on success and happiness https://youtu.be/QD8w2K_4DzsHow to make motivational quotes for Instagram https://youtu.be/pYJm1XmLAfw

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The Governor’s Wife | Inspiring short stories #35 | Motivational & Inspirational Video [Video]
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The Governor’s Wife | Inspiring short stories #35 | Motivational & Inspirational Video [Video]

The Governor’s Wife. Inspiring short stories #35. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm

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Journal Entry for Sales Return [Video]
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Journal Entry for Sales Return [Video]

If a customer returns a product, the company must debit the sales return account (this is a contra-asset and is subtracted from gross sales to obtain net sales for the income statement) and credit cash (if the customer had paid cash for the product) or accounts receivable (if the customer hadn’t yet paid for the product).Also, if the company uses a perpetual inventory system, the company must debit the inventory account and credit cost of goods sold. — Edspira is the creation of Michael McLaughlin, an award-winning professor 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, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — 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/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/

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Seeking Happiness | Inspiring short stories #34 | Motivational & Inspirational Video [Video]
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Seeking Happiness | Inspiring short stories #34 | Motivational & Inspirational Video [Video]

Seeking Happiness. Inspiring short stories #34. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm

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50 Witty Funny Inspirational Quotes | Powerful Motivational Video about Life Lessons [Video]
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50 Witty Funny Inspirational Quotes | Powerful Motivational Video about Life Lessons [Video]

50 witty inspirational quotes; funny motivational quotes; powerful funny video about life lessons for starting a business motivation or any other goal. Funny sayings and quotes about life, friendship, love, money, death, success and time. Try not to laugh impossible clean hard.Other inspiration and motivation videos that may interest you:Positive inspirational quotes about life lessons https://youtu.be/FVAHSAr6Wm0Best motivational quotes for students with voice https://youtu.be/3m3dBZYc-BIBest motivational quotes for success in life https://youtu.be/y4L0mZ7T2bkBest motivational quotes in English for WhatsApp status https://youtu.be/eIx5ujzHxxcMorning motivational quotes for students https://youtu.be/QD8w2K_4DzsMotivational quotes never give up WhatsApp status https://youtu.be/pYJm1XmLAfwBest quotes about life lessons https://youtu.be/FVAHSAr6Wm0Short inspirational quotes that will make you cry https://youtu.be/3m3dBZYc-BIFamous motivational quotes about friendship https://youtu.be/y4L0mZ7T2bkEncouraging motivational quotes for students https://youtu.be/eIx5ujzHxxcMotivational quotes never give up https://youtu.be/QD8w2K_4DzsInspirational quotes motivational sayings https://youtu.be/pYJm1XmLAfwInspirational quotes with music https://youtu.be/FVAHSAr6Wm0Buddha inspirational quotes https://youtu.be/3m3dBZYc-BITurning things into inspirational quotes https://youtu.be/y4L0mZ7T2bkFunny quotes and sayings from movies https://youtu.be/eIx5ujzHxxcDisney motivational quotes about life lessons that will make you cryBest motivational quotes for success in life https://youtu.be/pYJm1XmLAfwStatus motivational quotes never give up https://youtu.be/FVAHSAr6Wm0Stoic BTS motivational quotes about friendship https://youtu.be/y4L0mZ7T2bkSad quotes about love Tiktok https://youtu.be/y4L0mZ7T2bkBuddha quotes on success and happiness https://youtu.be/QD8w2K_4DzsHow to make motivational quotes for Instagram https://youtu.be/pYJm1XmLAfw

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Regressive, Proportional, and Progressive Taxes [Video]
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Regressive, Proportional, and Progressive Taxes [Video]

Tax rates can be progressive, proportional, or regressive. A progressive tax rate increases as the taxpayer’s income increases. • If your tax rate is 10% for your first $10,000 of income, 15% for your next $10,000 of income, and 20% for any income beyond that, that’s a progressive tax• Higher levels of income are taxed at higher ratesA proportional tax rate remains constant as the taxpayer’s income increases. • If your tax rate is 10% regardless of your income level, that’s a proportional taxA regressive tax rate decreases as the taxpayer’s income increases. • If your tax rate is 10% for your first $10,000 of income, 6% for your next $10,000 of income, and 2% for any income beyond that, that’s a regressive tax• Higher levels of income are taxed at lower ratesFederal income tax rates in the U.S. are progressive.If you’re wondering why billionaires pay lower tax rates than some people in the top tax bracket, it’s because a lot of their income is tax-free or taxed at preferential rates.— Edspira is the creation of Michael McLaughlin, an award-winning professor 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, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — 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/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/

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Wranglers and Stranglers | Inspiring short stories #33 | Motivational & Inspirational Video [Video]
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Wranglers and Stranglers | Inspiring short stories #33 | Motivational & Inspirational Video [Video]

Wranglers and Stranglers. Inspiring short stories #33. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other stories from the motivational series that may interest you:#1: A Glass of Milk https://youtu.be/f7ZsrgU5qpo#2: Building Bridges https://youtu.be/z11Qtbtup7k#3: Human Life Span https://youtu.be/9p8BsGHK7qg#4: When God Made Fathers https://youtu.be/sctpkPRfOWE#5: Digging Up a Garden https://youtu.be/-CZ7i7y5WEY#6: A $1.11 Miracle https://youtu.be/agH2B9Kp22c#7: Weakness or Strength https://youtu.be/9WWyJYfN2yM#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-ts#10: Your Personal Angel https://youtu.be/W2suHpCXjFw#11: What Goes Around Comes Around https://youtu.be/z7pDopITEmY#12: The House with the Golden Windows https://youtu.be/q_x6xBDAvEU#13: The Cookie Thief https://youtu.be/2AN_WvGcczA#14: Attribute to Mother https://youtu.be/2iAHPt3bA6Q#15: A True Love Story https://youtu.be/EEfJ5t2OV7wGet the book, ‘Top 100 Motivational Stories: The Best Inspirational Short Stories and Anecdotes of All Time’: https://www.bizmove.com/inspiration/m9b.htm

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Journal Entry for Goods Sold on Credit [Video]
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Journal Entry for Goods Sold on Credit [Video]

When a company sells inventory on credit, the company must debit the accounts receivable account and credit the sales revenue account. If the company uses a perpetual inventory system, then the company must also debit cost of goods sold and credit the inventory account at the time of the sale (if the company uses a periodic inventory system, cost of goods sold is not debited and the inventory account is not adjusted until the end of the period).When the company later collects cash from the customer, the company must debit the cash account and credit the accounts receivable account.— Edspira is the creation of Michael McLaughlin, an award-winning professor 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, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z— HIRE MICHAEL MCLAUGHLIN, PHD, CPA * https://michaelmclaughlin.com/hire-me — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — 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/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/

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