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Resources for Accountants

Fixed vs Floating Rate Instruments [Video]

A fixed-rate instrument has an interest rate that is set at the contract inception and remains constant throughout the life of the instrument.• The value of a fixed-rate instrument is the present value of its expected cash flows• Most residential mortgages are fixed-rate instrumentsA floating-rate instrument has an interest rate that changes throughout the life of the instrument.• The rate is usually tied to an index, such as the 1-month LIBOR.• The “reset date” or “rate fixing date” is when the new rate is determined for calculating future interest (a floating-rate instrument that resets quarterly would thus have a new interest rate every 3 months)• Many commercial loans, credit cards, and home equity lines of credit are floating-rate instrumentsValuing a floating-rate instrument can be difficult because the amount of all future cash flows is not known at inception. One way to value the instrument is to predict what future interest rates will be at the reset dates (either by calculating implied forward rates or using a forecasting model) and then discount the expected cash flows as you would do with a fixed-rate instrument.— 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 FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* 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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Resources for Accountants

Best Car Insurance Companies//2021 ★ Which Car Insurance Company Is the Best [Video]

Discover the Best Car Insurance Companies.✅ Here’s the free service we use to get cheaper car insurance (toll free): 1-855-981-7528. It’s a free by phone service that specializes in locating the cheapest car insurance rates. They perform the tedious task of shopping around, and present you with the cheapest auto insurance provider for your location. We call this service every year before our auto insurance expires. It allows us to discover whether there is a cheaper rate than ours, and has saved us lots of money over the years. Here are some of the topics covered in this video: How to get cheaper auto insurance rates online, get discounts and lower your policy cost, ways to lower vehicle insurance premium cost, which are the best car insurance companies and why Geico, National, Progressive, Allstate, Root, State farm, General, or farmers are not always the best bet. Why Dave Ramsey is not always right. Ways to get affordable drivers insurance quotes, how to locate the best cheap automobile insurer for a specific location. For more ways to save on your car insurance rates, see here: https://www.bizmove.com/auto-car-insurance/

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Resources for Accountants

Quick Ratio – Meaning, Formula, Calculation & Interpretations [Video]

This tutorial covers everything there is to know about Quick Ratio, including its meaning, formulas, calculations, and interpretations. You will also learn how to calculate Quick Ratio in Excel using the Colgate Case Study.You can download the Colgate Quick Ratio template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is a Quick Ratio?——————————————–The quick ratio, also known as the acid test ratio, measures a company’s ability to repay short-term debts using its most liquid assets. It is calculated by adding the company’s total cash and equivalents, accounts receivable, and marketable investments and then dividing it by its total current liabilities.Formula——————————————–Quick ratio Formula = Quick assets / Quick Liabilities= (Cash and Cash Equivalents + Accounts receivables) / (Current liabilities – Bank overdraft)Interpretation of Quick Ratio——————————————— A quick ratio greater than 1 indicates that the company has sufficient quick assets to cover its current liabilities.- A company with a quick ratio of 1 means that its quick assets are equal to its current assets.- A low quick ratio indicates that the firm’s liquidity position is poor.- However, the 1: 1 rule should not be followed blindly. For example, a company in an industry with a short operating cycle does not generally require a high quick ratio.Links to Ratio Analysis Tutorials——————————————— Part 1 – Ratio Analysis – https://www.youtube.com/watch?v=yPUb6PsVvLA&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y- Part 2 – Vertical Analysis – https://www.youtube.com/watch?v=7CX4F2Adubs&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=2- Part 3 – Horizontal Analysis – https://www.youtube.com/watch?v=4iOpN1zI0ag&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=3- Part 4 – Trend Analysis – https://www.youtube.com/watch?v=VLHrsLp0Jj8&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=4- Part 5 – Current Ratio – https://www.youtube.com/watch?v=rTGzy4vNRmg&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=5Connect with us! Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo

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Resources for Accountants

Spot Rate vs Forward Rate | Interest Rates [Video]

You’ll hear the terms “spot rate” and “forward rate” a lot when dealing with interest rates. The spot rate is the interest rate on a loan that begins immediately. The forward rate is the implied interest rate on a loan that begins at some point in the future.— 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 FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* 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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Resources for Accountants

Creating accessible PDFs for eLearning: Part 1 [Video]

It is vital that knowledge and education reaches everyone who wishes to learn, and that’s why accessibility in eLearning is so important. While working on an eLearning project for a Big 4 accounting firm, GAAP Dynamics was tasked with creating an accessible resource that would be a fully NASBA-compliant replica of a self-study course that a blind or low-vision learner would be able to utilize without outside assistance.As a solution, we took the course indexes that we included with each of our self-study courses and converted them into accessible PDFs that were able to be read and navigated by a screen reader. While learning to create these accessible course indexes, we ran into a few errors while programming that were a bit trickier to solve than others, so we wanted to create this multi-part vlog series on how we tagged our accessible course indexes to be read by a screen reader, as well as how to troubleshoot these errors in order to be a helpful resource to anyone else working on updating their PDF resources for accessibility. In part one, we’ll be walking through prepping your ACI in Microsoft Word to be converted to PDF, tagging any forms included in the document, and sharing several solutions for troubleshooting form errors.See our full blog post here: Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn Subscribe to GAAP Dynamics to see more videos like these!

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Resources for Accountants

Current Ratio (Part 5 of 33 | Financial Ratio Analysis Tutorials) [Video]

This tutorial provides a comprehensive overview of the current ratio, which is a type of liquidity ratio. In this tutorial, we will learn how to calculate this ratio using a practical example. More importantly, using the Colgate Case Study, we’ll learn how to interpret the current ratio.Download the Colgate Excel Model Ratio Analysis Template: We will use an excel template for the analysis. You can download the ratio analysis template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Current Ratio?——————————————–The current ratio is a liquidity ratio that assesses a company’s ability to repay short-term loans with maturities within a year.Formula——————————————–Current Ratio Formula = Current Assets / Current Liabilities.Interpretation of Current Ratio——————————————— If Current Assets is greater than Current Liabilities (Ratio is greater than 1.0) – this indicates a desirable situation, i.e., the company has enough to meet its short-term obligations.- If Current Assets = Current Liabilities (Ratio is equal to 1.0) – this indicates that the Current Assets are just enough to cover short term obligations.- If Current Assets is less than Current Liabilities (Ratio is less than 1.0) – this indicates that the company does not have enough to meet its short-term obligations.Links to Step by Step Financial Ratios Tutorials——————————————— Part 1 – Ratio Analysis:https://www.youtube.com/watch?v=yPUb6PsVvLA&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y- Part 2 – Vertical Analysis:https://www.youtube.com/watch?v=7CX4F2Adubs- Part 3 – Horizontal Analysis:https://www.youtube.com/watch?v=4iOpN1zI0ag- Part 4 – Trend Analysis:https://www.youtube.com/watch?v=VLHrsLp0Jj8What you need to do?——————————————–Step 1: Download the Colgate Excel Model Ratio Analysis Template. This template will be used for the analysis. You can download the ratio analysis template from this link – https://www.wallstreetmojo.com/ratio-analysis/Step 2: Please note that we are providing you with downloadable and preformatted Excel spreadsheets to assist you in understanding and applying the concepts. You will receive two templates: 1) Unsolved Colgate Model 2) Completed Colgate ModelStep 3: Start by using the “Unsolved Colgate Model Template” for analysis by following the instructions step by step.Step 4: Good Luck! :-)——————————————–To know more about Current Ratio, you can go to this link:https://www.wallstreetmojo.com/current-ratio/Connect with us! Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo

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Resources for Accountants

Taxes and Student Loan Forgiveness [Video]

If your student loans are forgiven, does that count as taxable income?Generally, yes. Cancellation of debt is taxable income.However, there are exceptions. Section 108(f)(1) of the tax code says that loan forgiveness isn’t taxable when the loan was forgiven because the taxpayer worked for a certain period of time in a certain profession. Thus, if you have $100,000 of student loans forgiven because you worked as a teacher or for a nonprofit for a certain period of time, your loan forgiveness won’t be taxable. But if an exception doesn’t apply, and you have $100,000 of student loans forgiven, you’ll have to pay tax on an extra $100,000 of income.— 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 FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* 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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Resources for Accountants

Trend Analysis (Part 4 of 33 | Financial Ratio Analysis Tutorials) [Video]

In this tutorial, we will define Trend Analysis and explain it in detail using step-by-step calculations. After that, we will conduct trend analysis of the Colgate Case Study and interpret the results.Download the Colgate Excel Model Ratio Analysis Template: We will use an excel template for the analysis. You can download the ratio analysis template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Trend Analysis?——————————————–A trend analysis is the comparison of a company’s financial statements in order to analyze market trends or future financials based on past performance results. It is an attempt to make the best decisions based on the analysis results.What is the Importance of Trend Analysis?——————————————–1. Accounting Application:• It aids in the examination of financial statements for inaccuracies.• It compares the overall growth of key financial statement line items from the base case over the years.2. Technical Analysis Application:• It assists investors in creating a trend line from historical stock prices, which can then be used to predict the future movement of the stock price.• It aids in detecting long-term patterns such as a cup and handle pattern, head and shoulder pattern, or reverse head and shoulder pattern.Links to Step by Step Financial Ratios Tutorials——————————————— Part 1 – Ratio Analysis – https://www.youtube.com/watch?v=yPUb6PsVvLA&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y- Part 2 – Vertical Analysis – https://www.youtube.com/watch?v=7CX4F2Adubs&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=2- Part 3 – Horizontal Analysis – https://www.youtube.com/watch?v=4iOpN1zI0ag&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y&index=3What do you need to do?——————————————–Step 1: Download the Colgate Excel Model Ratio Analysis Template. This template will be used for the analysis. You can download the ratio analysis template from this link – https://www.wallstreetmojo.com/ratio-analysis/Step 2: Please note that we are providing you with downloadable and preformatted Excel spreadsheets to assist you in understanding and applying the concepts. You will receive two templates: 1) Unsolved Colgate Model 2) Completed Colgate ModelStep 3: Start by using the “Unsolved Colgate Model Template” for analysis by following the instructions step by step.Step 4: Good Luck! :-)——————————————–To know more about Trend Analysis, you can go to this link:https://www.wallstreetmojo.com/trend-analysis/Connect with us! Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo

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Resources for Accountants

Marginal Tax Rate vs Effective Tax Rate [Video]

Your effective tax rate is not the same as your marginal tax rate. Let’s say you live in a country where your first $10,000 of income is taxed at 10%, your next $30,000 of income is taxed at 15%, and any income beyond that is taxed at 25%. If you had $60,000 of taxable income you would owe $10,500 in tax. That’s an effective tax rate of 17.5%. But your marginal tax rate, which is the tax rate that would apply if you earned an additional dollar of income, would be 25%. — 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 FREE PDF GUIDES TO THE FINANCIAL STATEMENTS, MANAGERIAL ACCOUNTING, TAX, AND MORE* 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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Resources for Accountants

Where is my money? A day in the life of Accounts Payable [Video]

If you work in accounts payable or you’d like to enter the field or maybe if you just curious about this role, In this video I will walk you through an actual day in the life of an accounts payable manager but then most importantly I’m going to show you what you can do to stand out from the herd and show you manager That you can handle way more than just accounts payable.I have been a corporate controller for the past six or seven years and been in the accounting field for the last 15 years. If you’ve been following the channel you know that I am a CPA working in New York City and I started out in public accounting at PWC and now Work as a corporate controller at a software company. This video is based on my own experience.My Best-Selling Products: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​Get My “Night Before the Accounting Interview Guide” including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels📈 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_out——————————————————————⚪️ 🧠 Roger CPA Review Course (get 50% off – Highly recommended): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537———————————————————————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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Resources for Accountants

Horizontal Analysis (Step by Step Financial Ratio Analysis Tutorial) – Part 3 of 33 [Video]

In this tutorial, we’ll go over the finer details of Horizontal Analysis, including its formulas and step-by-step calculations. Following that, we will conduct a horizontal analysis of the Colgate Case Study and interpret the findings.Download the Colgate Excel Model Ratio Analysis Template – We will use template for the analysis. You can download the ratio analysis template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Horizontal Analysis?——————————————–Horizontal analysis, also known as trend analysis, refers to the percentage change in the same line item of a financial statement in the next accounting period compared to the value of the baseline accounting period. Horizontal analysis can be performed on any of the item in the income statement, balance sheet and statement of cash flows.Formula——————————————–Horizontal Analysis formula = [(Amount in comparison year – Amount in the base year)/ Amount in a base year] x 100Advantages of Performing Horizontal Analysis——————————————–• Horizontal analysis helps evaluate trends year over year (YoY) or quarter over quarter (QoQ), for example, how much has the revenue increased over the years. • It enables investors to view and compare actual data for consecutive years. • Horizontal analysis is simple to interpret. It does not require any special financial skill to understand the difference between the previous year’s data and the current data.Links to Step by Step Financial Ratios Tutorials——————————————–• Part 1 – Ratio Analysis:https://www.youtube.com/watch?v=yPUb6PsVvLA&list=PLazLoBfxFADN9Qq8j8hghG9nvVBXl1V0y• Part 2 – Vertical Analysis:https://www.youtube.com/watch?v=7CX4F2AdubsWhat you need to do?——————————————— Step 1: Download the Colgate Excel Model Ratio Analysis Template. This template will be used for the analysis. You can download the ratio analysis template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/- Step 2: Please note that we are providing you with downloadable and preformatted Excel spreadsheets to assist you in understanding and applying the concepts. You will receive two templates: 1) Unsolved Colgate Model 2) Completed Colgate Model- Step 3: Start by using the “Unsolved Colgate Model Template” for analysis by following the instructions step by step.- Step 4: Good Luck! :-)——————————————–To know more about Horizontal Analysis in Finance, you can go to this link:https://www.wallstreetmojo.com/horizontal-analysis/Connect with us! LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojoSubscribe 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