Explain : Accounting ConservatismAccounting conservatism is a set of bookkeeping guidelines that call for a high degree of verification before a company can make a legal claim to any profit. The general concept is to factor in the worst-case scenario of a firm’s financial future. Uncertain liabilities are to be recognized as soon as they are discovered. In contrast, revenues can only be recorded when they are assured of being received.
Resources for Accountants
The Wild Way An Inside Look into the Wild Series
The Bay Transportation Planning Organization will host a virtual workshop on Friday, November 19, at 3:00 p.m. to review Transportation Alternative Set-Aside program and application process.The community is encouraged to participate via YouTube at www.ecrc.org/YouTubeThe workshop can also be accessed by phone at:United States: +1 (872) 240-3212- One-touch: tel:+18722403212,,856406821#Public input is valuable to the TPO, we encourage our communities to submit input through a variety of avenues. Comments for public forum can be submitted via eComment Card, email, or phone, learn how at www.ecrc.org/FLALPublicForum. Please email publicinvolvement@ecrc.org with additional question or concerns.In compliance with the Americans with Disabilities Act, reasonable accommodations to access meeting, and for limited English proficiency, are available upon request. Persons who require special accommodations under the Americans with Disabilities Act or persons who require translation services should contact Public Involvement toll-free at 800-226-8914 or TTY 711, at least 48 hours in advance. Para informacion en espanol, puede llamar a Ada Clark al 850-332-7976, ext. 278 o TTY 711. Si necesita acomodaciones especiales, por favor llame 48 horas de antemanos.Participation is solicited without regard to race, color, national origin, age, sex, religion, disability, or family status. Persons who believe they have been discriminated against on these conditions may file a complaint with the Title VI Coordinator, 850-332-7976, ext. 220.The Florida-Alabama TPO is staffed by the Emerald Coast Regional Council, a regional entity providing professional technical assistance, planning, coordinating, and advisory services to local governments, state and federal agencies, and the public to preserve and enhance the quality of life in northwest Florida.
This 2021 IAA Compliance Conference Panel discusses SEC regulations and guidance affecting advisers and sub-advisers of registered funds, including the new fair valuation rule, the derivatives rule, and disclosure practices.J. Christopher Jackson, Senior Vice President & General Counsel, Calamos Investments LLCNaseem Nixon, Vice President and Associate Counsel, Capital GroupBrian M. Johnson, Assistant Director, SEC Division of Investment ManagementNathan Briggs, Partner, Ropes & Gray LLP, MODERATOR
In this discussion from Stanford HAI’s Fall Conference, Policy and AI: Four Radical Proposals for a Better Society, Deborah Raji, a fellow at Mozilla Foundation and Algorithmic Justice League as well as a PhD student in computer science at the University of California, Berkeley, proposes legal protections and regulatory involvement to support organizations that uncover algorithmic harm. Joining the discussion are:DJ Patil, Head of Technology, Devoted Health; Former Chief Data Scientist, United States Office of Science and Technology PolicyCathy O’Neil, Founder, Mathbabe.org; New York Times Best Selling Author of Weapons of Math Destruction; Former Director of Lede Program in Data Practices, Columbia UniversityFiona Scott Morton, Theodore Nierenberg Professor of Economics, Yale University School of ManagementLearn more about the proposal: https://hai.stanford.edu/news/radical-proposal-third-party-auditor-access-ai-accountabilityLearn more about upcoming HAI events: https://hai.stanford.edu/events
Becker product head, Senior Director – Angeline Brown’s Amazing feedback on Sripal Jain, CA, CPA (Co-Founder, Simandhar Education ) contribution towards the help of improving the CPA, CMA content.Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ——————***—————–***———————***———————***———————–𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and make them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media.Make sure to hit the like, share and subscribe to our YouTube channel.To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1Now you can listen to our podcast at https://bit.ly/36PYQPP ——————————- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 ———————————–Make Sure to follow us on our Social Media Channels:Podcast: https://bit.ly/36PYQPPInstagram: https://zcu.io/TNgDLinkedin: https://bit.ly/2Oh9w5dFacebook: https://zcu.io/gDvXTwitter: https://zcu.io/17cSThink CPA / CMA – Think Simandhar
AICPA & CIMA have delivered a comprehensive suite of courses and certificates to help accounting and finance professionals master data analytics.|Data analytics can help create efficiencies in your daily work and free up time for strategy. Earn CPE credits and gain exposure to real-world scenarios with simulated learning labs included in some of our certificates. You can also earn a digital badge to display on your LinkedIn profile.|Choose from beginner level to intermediate level certificates including Data Analytics Core Concepts, Data Analytics Foundations, Application of Data Analysis Essentials, Data Modeling, Forecasting and Predictive Analytics and Data Visualization.|Getting Started in Data Analytics, our foundational suite, provides an introduction to technical and soft skills for individuals who wish to develop a data-driven mindset and become more effective communicators within their organization.|In addition, we also offer a range of courses and webcasts in Excel and Power BI for those who want to learn more about these data analytics tools. Get started today.
Some companies issue stock that has a par value while other companies issue no-par stock. In both cases, total assets and total stockholders’ equity increase as a result of the stock issuance. However, there is a difference in the accounts that are credited based on whether the stock has a par value.For example, let’s say a company issues 5,000 common shares with a par value of $2/share and a market value of $40/share. The company would debit the cash account for $200,000 ($40/share * 5,000 shares). In addition, the company would credit the common stock account for $10,000 ($2/share * 5,000 shares) and credit the additional paid-in capital account for $190,000 ($38/share * 5,000 shares).If the company had instead issued the 5,000 common shares as no-par stock with a market value of $40/share, the company would debit the cash account for $200,000 and credit the common stock account for $200,000 (the additional paid-in capital account is not affected by no-par stock).— 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/
Is Bitcoin considered Cash or Cash Equivalent on the Balance Sheet?Executives at large public companies want the Financial Accounting Standards Board to write rules on how to treat cryptocurrency assetsCheck this short concise video on how Accounting Standard changes could push Cryptocurrency much higher in the near future.🔥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⚪️ 🧠 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
⌚ Video Duration: 5:43Time Stamps 00:00 Intro00:37 Quick Disclaimer00:44 What is a Financial Advisor?01:43 When a Financial Advisor Helps03:00 Key Risks with a Financial Advisor 04:00 Real World Example of Financial Advisor Impact 04:37 My Final Thoughts and Recommendations—————————————————————————————————————————–🌟 In this video, I cover the topic of when should you consider a Financial Advisor. This includes a quick background on what a Financial Advisor is, the services a Financial Advisor provides (i.e. retirement planning, real estate, insurance, etc.) and key risks of using an Advisor. Also, I cover the standard fee a Financial Advisor charges to clients. Stay connected with this channel: http://bit.ly/PersonalFinanceWithSid 💥 💥 💥 HOPE YOU GUYS LEARNED & ENJOYED SOMETHING FROM THIS VIDEO! 👉 If you enjoy this video, Please like and share it. 👉 Don’t forget to subscribe to this channel & press the bell 🔔 for more updates. 👉 Subscribe now! http://bit.ly/PersonalFinanceWithSid ⌨ Don’t forget to tell me your opinion in the comments below. ————————————————————————————————————————-💥 Disclaimer on Investing: Investing does come with its own set of risks. Past performance does not guarantee future results. The content in this video is for educational purposes only and does not represent investment advice. 💥 —————————————————————————————————————————–💥 💥 💥 Additional Resources on a Financial Advisor💥 💥 💥 👉https://www.nerdwallet.com/article/investing/how-to-choose-a-financial-advisor👉https://smartasset.com/financial-advisor/us-top-financial-advisors—————————————————————————————————————————–💥 💥 💥 Watch my previous videos:💥 💥 💥 💢 M1 Finance Review | Best Beginner-Friendly Investing App?https://youtu.be/lkOE_Dmp8oA💢 Best High Yield Savings Accounts in 2021(July Update)https://youtu.be/Tg0_CjHfjho💢 How to Invest $1,0000 as a beginner investor | Investing | Investing Tips.https://youtu.be/uRfTZOCEjIE💢 Best Money Saving Hacks for Your 20shttps://youtu.be/hn0CBPgAbXA💢 Celsius Crypto Review | Is it Safe?https://youtu.be/A9ISGFtniFs💢 10 Ways to Make Money Online in 2021 | +$1,000 per month | https://youtu.be/1O24ZFhb9W4💢 Follow Me On Social Media: ♥ INSTAGRAM: http://bit.ly/personalfinancewithsid♥YouTube: http://bit.ly/PersonalFinanceWithSid——————————————————————————————————————————❣ SPONSORED:No, this video was not sponsored.⌚ SCHEDULE:Every Week——————————————————————————————————————————–📧 For Business Inquiries: sidramkumar@gmail.com ——————————————————————————————————————————————————————–💥 Thank you for watching this video, click the “SUBSCRIBE” button to stay connected with this channel. Subscription Link: http://bit.ly/PersonalFinanceWithSid#financialadvisor #investing #personalfinance
Speaker: Kurt Hofgard, JD, Hofgard & Associates, P.C.Description: Everyone has an estate plan, whether they know it or not. The real question: do you have an effective estate plan? We will discuss the basic concepts of wills, trusts, powers of attorney, beneficiary designations, probate and joint tenancy. We will also discuss the minimal documents for anyone to have an effective estate plan, including some things that you can do yourself.Speaker Bio:Kurt Hofgard is an estate planning attorney in Boulder of over 27 years with his firm Hofgard & Associates, P.C. Kurt enjoys working with clients of all sizes and shapes regardless of wealth. A Boulder native, Kurt graduated from Stanford and Lewis & Clark Law School.
Stock dividends and stock splits both increase the number of shares outstanding. However, there are several differences in the accounting for stock dividends and stock splits.First, a stock split reduces the par value per share, while a stock dividend has no effect on the par value per share.Second, a stock split doesn’t require a journal entry, as it has no effect on the financial statements. A stock dividend, however, does affect the financial statements (the effect depends on whether it is a small stock dividend or a large stock dividend). Third, a stock dividend increases the common stock account. If the stock dividend is small (less than 20-25% of the shares outstanding), then the stock dividend also reduces the retained earnings account by the fair market value of the stock multiplied by the number of shares being distributed in the stock dividend. If the stock dividend is large (more than 20-25% of the shares outstanding), then the stock dividend reduces the retained earnings account (or the additional paid-in capital account) by the par value of the stock multiplied by the number of shares being distributed in the stock dividend.— 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/