Resources for Accountants

Before compiling the P&L, you need to decide on the type of presentation (based on your audience): Natural Account, Functional or Hybrid. Free P&L Template shown in video: https://thefincontroller.com/p/types-of-incomestatemet-presentation Enroll in the FP&A Academy: https://controller-academy.com/courses/fpa-academy Time Stamps: 00:00 Intro 01:28 Company Profile 02:17 1. Natural Account P&L 04:26 2. Functional P&L 05:38 3. Hybrid P&L 09:08 How To Setup in NetSuite 10:29 How To Setup in QuickBooks Online ———————————– 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

Embarking on the journey of entrepreneurship is akin to riding a roller coaster blindfolded—it's exhilarating, unpredictable, and fraught with potential pitfalls. While mistakes are an inevitable part of the entrepreneurial journey, some are more catastrophic than others. These "mistakes from hell" can derail even the most promising ventures, leaving entrepreneurs reeling and searching for ways to recover. Let's explore some of these missteps that have the potential to turn an entrepreneurial dream into a nightmare.

Impairment exists when the carrying amount of an assets exceeds its fair value, but not all impairment is recorded in the financial statements. Determining if an asset or an asset group is impaired takes a significant amount of judgment and an understanding of the requirements of the different impairment tests within U.S. GAAP. No worries. This CPE-eligible, eLearning course (1.5 CPE) has you covered! After discussing the scope of the impairment guidance and the concept of asset groups, this online course walks you through the "trigger-based" impairment test found within ASC 360 that is applicable to PP&E and intangible assets with finite lives. What about intangible assets with indefinite lives? We cover that too as we walk through the guidance within ASC 350. The online course concludes with a review of the presentation and disclosure requirements within U.S. GAAP related to impairment. If you’re looking for guidance on testing goodwill for impairment, you won’t find it in this course. We have a separate eLearning course dedicated to that topic. This is the first course in our 2-part impairment training series. Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/28/impairment-ppe-and-intangible-assets Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/ Subscribe to GAAP Dynamics to see more videos like this!

Briefly describe the guidelines provided by GAAP for the recognition of revenue by a franchisor for an initial franchise fee.

While identifying risk and performing audit procedures are important parts of an audit, evaluating the results of those procedures are just as important. If audit results aren’t evaluated, then an audit opinion cannot be issued! This CPE-eligible (1.0 CPE) eLearning course discusses what an auditor must perform and consider when evaluating the results of an audit, including important information on misstatements, audit evidence and documentation. Take our self-study eLearning course here: https://www.gaapdynamics.com/product/evaluating-audit-results/ Learn more about GAAP Dynamics here: https://www.gaapdynamics.com/ Check out our other online courses on the GAAP Dynamics Learning Library: https://www.gaapdynamics.com/individual-learning/

Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy Want to make your LinkedIn profile and resume stand out? If you've completed online courses but don’t know how to showcase them properly, this video is for you! In this video, I’ll show you: ✅ How to add certificates to LinkedIn so recruiters notice you! ✅ The best way to list online courses on your resume for maximum impact 💡 Pro Tip: Your certificates and skills can open doors to new job opportunities—only if you present them the right way! Watch till the end for a bonus LinkedIn tip! Time Stamps: 00:00 Intro 00:48 Example Certificate on LinkedIn 01:29 How To Add To A Resume 02:24 How To Add Certificate To LinkedIn ———————————– 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

Ever wondered if you can switch careers and build a successful accounting career in the USA as an immigrant? 🌎 Meet Monica, a former lawyer from Bolivia who followed 3 key steps to transition into accounting in the U.S.! In this interview, we cover: ✅ The biggest challenges of switching careers as an immigrant ✅ The exact 3 steps that helped Monica become a successful accountant ✅ How YOU can start your journey—even with no U.S. experience! Join the EXACT course Monica enrolled in: https://controller-academy.com/courses/controller-academy Time Stamps: 00:00 Intro 00:47 Monica's Background 01:47 Monica's Job Responsibilities 02:56 Monica's Goal in 5 Years 04:47 Monica's Learned This From My Course 06:08 Monica's fav TV Show & Music 08:42 Monica's Journey To the US ———————————– 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

In this Free Excel course, an industry expert provides a practical understanding of the fundamental aspects related to Excel. First, the video discusses basic Excel functions. Then, it moves on to explain cell referencing and named ranges, name manager, and array formula. Lastly, the course covers how to work with charts in Excel. The detailed coverage of the basic concepts makes it an ideal course for beginners who wish to develop knowledge of Excel. Timestamps: 0:00:01-0:00:49 Introduction 0:00:49-0:12:13 Basic Excel Functions 0:12:13-0:27:29 Cell Referencing and Named Ranges 0:27:09-0:36:05 Name Manager 0:36:05-0:51:36 Array Formula 0:51:36-1:15:21 Working with Charts Get all important Excel functions here: https://www.wallstreetmojo.com/excel-functions/?utm_source=YouTube&utm_medium=Social&utm_campaign=Description