![Will Accountants Be Replaced By Machines? Accounting Automation Episode #1: Bank Reconciliations [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_286_0_0jpg.jpg)
Many of you have been asking me to talk about automation and its effect on the Accounting profession. Today is episode #1: The automation of Bank ReconciliationMy Best-Selling Products:Get My โNight Before the Accounting Interview Guideโ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐ Get $25 off MY ONLINE COURSE ON FINANCIAL METRICShttps://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outProducts I love:โช๏ธ ๐ง Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโช๏ธ ๐ Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐+๐ง =๐ฅโช๏ธ Auditing: https://amzn.to/361wJhZโช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:๐ฑhttps://www.tiktok.com/@thefinancialcontroller๐๐ผโโ๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐ธ https://www.instagram.com/the_financial_controller/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.
![Business Combinations: Overview of ASC 805 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_283_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Business Combinations: Overview of ASC 805.” Check it out here: https://revolution.gaapdynamics.com/courses/business-combinations-overview-of-asc-805Although it is common for a company to acquire a business, it can be quite complex! Therefore, it is important to be familiar with the overall considerations when an acquisition falls within the scope of ASC 805. In this course, key concepts will be discussed, including the definition of a business, the recognition and measurement principles, and the calculation of goodwill.Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog Subscribe to GAAP Dynamics to see more videos like these!
![Prioritization Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_280_0_0jpg.jpg)
Discover what is Prioritization.Get Business Related Freebies: Free books from Amazon, any topic. Business, Fiction and Nonfiction:https://www.bizmove.com/free-books-online/ Video guides to improve your management skills:https://www.bizmove.com/business-management-course/ 300 free business and management guides:https://www.bizmove.com/small-business-encyclopedia/ Free business templates and tools:https://www.bizmove.com/tools/ Free management skills books:https://www.bizmove.com/books/management-skills-books.htm Free downloadable business plan template:https://www.bizmove.com/business-gifts.htm Free starting a business books:https://www.bizmove.com/books/starting-a-business-books.htm A comprehensive resource of free management and business related stuff:https://www.bizmove.com/******************Don’t forget to subscribe so you don’t miss any of our videos, we upload regularly.******************
![Capital Expenditure Formula (Examples) | How to Calculate CAPEX? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_277_0_0jpg.jpg)
In this video on Capital Expenditure Formula, here we discuss how to calculate CAPEX along with its formula and practical example.๐๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ (๐๐๐๐๐) ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐?———————————————————————————-Capital Expenditure (Capex) Formula measures the company’s overall purchase of assets in the fiscal year and can be easily measured by adding a net increase in the PP&E value during the year to the depreciation cost for that year.๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐ —————————————————–CAPEX Formula = Net Increase in PP&E + Depreciation Expense๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ (๐๐๐๐๐) ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐ —————————————————————————————-Let us take the example of a company EFG Ltd and calculate capital expenditure in 2017 based on the following given data -Depreciation Expense is $20,500 in the income statementPP&E value at the end of 2017 is $48,500 in the balance sheetPP&E value at the beginning of 2017 is $42,000 in the balance sheetFirstly we need to calculate Net increase in PP&E using below formula, Net increase in PP&E = PP&E value at the end of 2017 โ PP&E value at the beginning of 2017=48500-42000=6500 Now we will calculate capital expenditure for the year 2017 by using below formula -Capital Expenditure (capex) Formula = Net increase in PP&E + Depreciation Expense= 6500+20500=27000Therefore, Capital Expenditure incurred during 2017 is $27,000.To know more about the ๐๐๐ฉ๐ข๐ญ๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ (๐๐๐๐๐) ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐ , you can go to this ๐ฅ๐ข๐ง๐ค ๐ก๐๐ซ๐:- https://www.wallstreetmojo.com/capital-expenditure-formula-capex/Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe – https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
![Accounting Degree Worth It With All The Automation? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_274_0_0jpg.jpg)
In this video I discuss why Automation will create more jobs and higher pay in Accounting despite the common belief that robotics will replace humans. My Best-Selling Products:Get My โNight Before the Accounting Interview Guideโ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐ Get $25 off MY ONLINE COURSE ON FINANCIAL METRICShttps://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outMy Recommended Products (I will only share what I love โค here)โช๏ธ ๐ง Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโช๏ธ ๐ Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐+๐ง =๐ฅโช๏ธ Auditing: https://amzn.to/361wJhZโช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:๐ฑhttps://www.tiktok.com/@thefinancialcontroller๐๐ผโโ๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐ธ https://www.instagram.com/the_financial_controller/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.
![Business Combinations: Advanced Issues and Disclosures [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_271_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Business Combinations: Advanced Issues and Disclosures.” Check it out here: https://revolution.gaapdynamics.com/courses/business-combinations-advanced-issues-and-disclosuresThis is the second course of the three-part Business Combinations eLearning series. Now that you are familiar with the basic accounting rules, this course dives deeper into more advanced business combination issues such as exceptions to general guidelines, noncontrolling interests, and measurement period adjustments.Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog Subscribe to GAAP Dynamics to see more videos like these!
![Problem-Based Learning Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_268_0_0jpg.jpg)
Discover what is Problem-Based Learning.Get Business Related Freebies: Free books from Amazon, any topic. Business, Fiction and Nonfiction:https://www.bizmove.com/free-books-online/ Video guides to improve your management skills:https://www.bizmove.com/business-management-course/ 300 free business and management guides:https://www.bizmove.com/small-business-encyclopedia/ Free business templates and tools:https://www.bizmove.com/tools/ Free management skills books:https://www.bizmove.com/books/management-skills-books.htm Free downloadable business plan template:https://www.bizmove.com/business-gifts.htm Free starting a business books:https://www.bizmove.com/books/starting-a-business-books.htm A comprehensive resource of free management and business related stuff:https://www.bizmove.com/******************Don’t forget to subscribe so you don’t miss any of our videos, we upload regularly.******************
![Compound Interest Examples | Step by Step Calculation with Top Examples [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_265_0_0jpg.jpg)
In this video on Compound Interest Examples, here we discuss top examples of compound interest along with its calculations and formula.๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐๐ฌ——————————————————–Below are some examples of compound interest to understand the topic in better way.๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐ #๐ – ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐๐๐ ๐๐ง๐ง๐ฎ๐๐ฅ๐ฅ๐ฒMr. A makes an initial $6,000 investment over a 4 year period. Find the investment value after 4 years if the investment earns a monthly compounded return of 12%.By using the compound interest formula we will calculate the value of the investment after the period of 3 years -A = P (1 + r / m) ^ mtP=$6000, r=12%, m=1, t=4 yearsTherefore by using above formula we get,A = $ 6,000 (1 + 0.12 / 1) 1*4A = $ 6,000 (1 + 0.12) 4A = $ 6,000 (1.12) 4A = $ 6,000 * 1.574A = $ 9,441๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐ #๐ – ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐๐๐ ๐๐จ๐ง๐ญ๐ก๐ฅ๐ฒMr.Y makes an initial 6 year investment of $12,000. Find the investment value after 6 years if the investment earns a monthly compounded return of 4%.By using the compound interest formula we will calculate the value of an investment after the period of 6 years -A = P (1 + r / m) ^ mtP=$12000, r=4%, m=12, t=6 yearsTherefore by using above formula we get,A = $ 12,000 (1 + 0.04 / 12) ^ 12*6A = $ 12,000 (1 + 0.04 /12) ^72A = $ 12,000 (1.0033) ^72A = $ 12,000 * 1.2707A = $ 15, 248To know more about the ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐๐ฌ, you can go to this ๐ฅ๐ข๐ง๐ค ๐ก๐๐ซ๐:- https://www.wallstreetmojo.com/compound-interest-examples/Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe – https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
![Balance Sheet Basics Explained By A Controller [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_262_0_0jpg.jpg)
A detailed walkthrough the basics of the balance sheet including:1. The main Accounting Equation2. Current vs. non-current Assets & Liabilities 3. What is considered “Cash & Cash Equivalents”4. Deferred Revenue5. How to prepare the Balance SheetMy video on Connection Between The 3 Financial Statements: https://youtu.be/JgqUGROnFOUMy video on Accounting for Cryptocurrency: https://youtu.be/LrU9ThtRvFIMy video on How to analyze the Balance Sheet like a CFO: https://youtu.be/DMv9JC_K37YMy video on Revenue Recognition: https://youtu.be/CnlKAvu6qdIMy video on US GAAP: https://youtu.be/Yy2y_tfqKdcMy Best-Selling Products:Get My โNight Before the Accounting Interview Guideโ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐ Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS (code: Save25)https://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outMy Recommended Products (I will only share what I love โค here)โช๏ธ ๐ง Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโช๏ธ ๐ Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐+๐ง =๐ฅโช๏ธ Auditing: https://amzn.to/361wJhZโช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:๐ฑhttps://www.tiktok.com/@thefinancialcontroller๐๐ผโโ๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐ธ https://www.instagram.com/the_financial_controller/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
![Hedge Accounting: Hedge Accounting Qualification [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_259_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Hedge Accounting: Hedge Accounting Qualification.” Check it out here: https://revolution.gaapdynamics.com/courses/hedge-accounting-qualificationsDerivative instruments can be powerful tools for a company to use to reduce its exposure to financial risks, but there is a drawback. Accounting for derivative instruments can create volatility in earnings because these instruments are recorded at fair value with changes in fair value recorded through the income statement. Is there anything a company can to to mitigate this volatility? Yes! Qualify for and elect to use hedge accounting. Hedge accounting can be used upon meeting strict criteria to reduce this income statement volatility. Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog Subscribe to GAAP Dynamics to see more videos like these!
![Product Lifecycle Management Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_256_0_0jpg.jpg)
Discover what is Product Lifecycle Management.Get Business Related Freebies: Free books from Amazon, any topic. Business, Fiction and Nonfiction:https://www.bizmove.com/free-books-online/ Video guides to improve your management skills:https://www.bizmove.com/business-management-course/ 300 free business and management guides:https://www.bizmove.com/small-business-encyclopedia/ Free business templates and tools:https://www.bizmove.com/tools/ Free management skills books:https://www.bizmove.com/books/management-skills-books.htm Free downloadable business plan template:https://www.bizmove.com/business-gifts.htm Free starting a business books:https://www.bizmove.com/books/starting-a-business-books.htm A comprehensive resource of free management and business related stuff:https://www.bizmove.com/******************Don’t forget to subscribe so you don’t miss any of our videos, we upload regularly.******************
![IFRS 16 Lessee Accounting Example 3 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_253_0_0jpg.jpg)
This video shows how the lessee should account for a lease under IFRS 16 when (1) there is an unguaranteed residual value and (2) the lessor’s implicit interest rate is unknown to the lessee. Because the residual value is not guaranteed, the lessee will not be required to compensate the lessor if the residual value fails to meet a certain threshold. Because the lessor’s implicit interest rate is unknown to the lessee, the lessee’s incremental borrowing rate will be used to discount cash flows when measuring the lease liability. โ Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. Edspiraโs mission is to make a high-quality business education accessible to all people.โ SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS* http://eepurl.com/dIaa5zโ 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/ โ 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/edspiraโ 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