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Resources for Accountants

CIMA Benevolent Fund – Over the Hurdles [Video]

The CIMA Benevolent Fund is there to support as benefit to CIMA members and their families through periods of hardship. The Fund provides short-term assistance to members experiencing unemployment, situations affecting personal or family health, impacts of a natural disaster or the loss of a primary source of family income. Visit cimaglobal.com/benevolentfund for more information.

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Resources for Accountants

CIMA Benevolent Fund – Move Forward [Video]

The CIMA Benevolent Fund is there to support as benefit to CIMA members and their families through periods of hardship. The Fund provides short-term assistance to members experiencing unemployment, situations affecting personal or family health, impacts of a natural disaster or the loss of a primary source of family income. Visit cimaglobal.com/benevolentfund for more information.

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Resources for Accountants

CIMA Benevolent Fund – Connect [Video]

The CIMA Benevolent Fund is there to support as benefit to CIMA members and their families through periods of hardship. The Fund provides short-term assistance to members experiencing unemployment, situations affecting personal or family health, impacts of a natural disaster or the loss of a primary source of family income. Visit cimaglobal.com/benevolentfund for more information.

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Resources for Accountants

Section 179 Deduction [Video]

If you own a business, you can immediately expense up to $1,050,000 of certain types of business property by making a § 179 election. This means you don’t need to depreciate the property over time; you can deduct the full purchase price in the year the property was placed into service.You can make a § 179 election for:• Equipment, machinery, office furniture, computers, tools, vehicles• Improvements to nonresidential buildings like HVAC systems, alarm and security systems, roofsEquipment qualifies whether you purchased it used or new or whether you leased it or borrowed money to buy it.But once your total equipment purchased during the year exceeds $2.62 million, the § 179 deduction is reduced dollar-for-dollar. But you can also use § 179 expensing in conjunction with bonus depreciation. The § 179 deduction is usually taken first, followed by bonus depreciation (unless the taxpayer doesn’t have taxable income, as § 179 can’t be used to create a tax loss). — 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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Resources for Accountants

Operating Efficiency Ratios – Meaning, Formula, Calculation & Interpretations [Video]

This tutorial covers the most important aspects of the operating efficiency ratios. You will learn precisely asset turnover ratio, net fixed asset turnover ratio, and equity turnover ratio. Further, we have discussed in detail their meanings, formulas, calculations, and interpretations.What are Operating Efficiency Ratios?——————————————–Operating efficiency ratios analyze how efficiently a company uses its resources such as assets and shareholder’s equity to generate income.Operating Efficiency Ratios Formulas——————————————— Asset Turnover Ratio = Net Sales / Average Total Assets- Net Fixed Asset Turnover Ratio = Net Sales / Average Net Fixed Assets.- Equity Turnover Ratio = Net Sales / Average Shareholder’s EquityRelevance and Use——————————————— Asset turnover ratio is a metric that measures how effectively a company uses its assets to earn revenue.- Net fixed asset turnover ratio measures how well a company utilizes its machines and equipment to generate revenue.- Equity turnover ratio is used to determine whether the company is generating enough revenue to justify the shareholders’ holding of its equity.For more details, you can refer to our articles – https://www.wallstreetmojo.com/asset-turnover-ratio/https://www.wallstreetmojo.com/fixed-asset-turnover-ratio-formula/https://www.wallstreetmojo.com/equity-turnover-ratio/ Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn 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/wallstreetmojo

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Resources for Accountants

A&A Update with Brad Muniz – 10/19/21 | IssuesWatch Podcast [Video]

Take 10 minutes to get an update on the latest accounting and auditing news from the FASB, AICPA and PCAOB. FASB updates are related to revenue recognition, fair value and equity security sale restrictions, the 2022 GAAP financial reporting taxonomy and the results of a recent Private Company Council meeting. Other topics include the AICPA’s proposed changes to peer review, PCAOB staff guidance on audit evidence and PCAOB’s move to strengthen the lead auditor’s oversight of other auditors. FASB Proposes Improvement to Fair Value Guidance for Equity Securities – https://www.fasb.org/cs/Satellite?c=FASBContent_C&cid=1176177298509&pagename=FASB%2FFASBContent_C%2FNewsPageProposed Technical and Other Conforming Improvements for the 2022 GAAP Financial Reporting Taxonomy – https://www.fasb.org/cs/ContentServer?c=Document_C&cid=1176177632103&d=&pagename=FASB%2FDocument_C%2FDocumentPageProposed Changes to AICPA Standards for Performing and Reporting on Peer Reviews – https://www.aicpa.org/content/dam/aicpa/research/exposuredrafts/peerreview/downloadabledocuments/pr-clarified-standards-ed.pdfEvaluating Relevance and Reliability of Audit Evidence Obtained from External Sources – https://pcaob-assets.azureedge.net/pcaob-dev/docs/default-source/standards/documents/evaluating-relevance-and-reliability-of-audit-evidence-obtained-from-external-sources.pdf?sfvrsn=48b638b_6PCAOB Solicits Additional Public Comment on Proposed New Requirements for Lead Auditor’s Use of Other Auditors – https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-solicits-additional-public-comment-on-proposed-new-requirements-for-lead-auditor-s-use-of-other-auditorsAttend the Accounting & Auditing Conference, Nov. 9 – https://njcpa.org/conferencesJoin the Accounting & Auditing Standards Interest Group – https://njcpa.org/groups #IssuesWatch #podcast #accounting #auditing #fasb #aicpa #pcaob #njcpa==============================================================Watch all IssuesWatch Podcast episodes at https://www.youtube.com/playlist?list=PLJ2syuG5TiiZOFQdURLJUDzGJVz17ZPthSUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS – https://www.youtube.com/c/njcpa?sub_confirmation=1LET’S CONNECT:NJCPA http://www.njcpa.orgFACEBOOK https://www.facebook.com/njscpaTWITTER https://twitter.com/njcpaLINKEDIN https://www.linkedin.com/grp/home?gid=165152INSTAGRAM https://www.instagram.com/thenjcpa

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Resources for Accountants

God’s Days | Inspiring short stories #26 | Motivational & Inspirational Video [Video]

God’s Days. Inspiring short stories #26. 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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Resources for Accountants

Fixed vs Variable Overhead Costs [Video]

Manufacturing overhead includes all costs of manufacturing other than direct materials and direct labor. Manufacturing overhead is also known as the:• Indirect manufacturing cost• Factory overhead• Factory burdenManufacturing overhead has both a fixed and a variable component. Examples of fixed manufacturing overhead are real estate taxes on the factory, insurance for the factory, and depreciation of the factory and manufacturing equipment (unless the units-of-production method is used to calculate depreciation, in which case depreciation would be linked to the level of output and therefore variable).Examples of variable manufacturing overhead are indirect materials, indirect labor, utilities, and maintenance/repairs for manufacturing equipment.Manufacturing overhead is not directly traceable to the product, so it needs to be allocated. Fixed manufacturing overhead and variable manufacturing overhead can be allocated using the same or different cost drivers.— 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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Resources for Accountants

God, Make Me a TV | Inspiring short stories #25 | Motivational & Inspirational Video [Video]

God, Make Me a TV. Inspiring short stories #25. 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

Categories
Resources for Accountants

The 3 Things You Must Learn in Accounting | From a Controller [Video]

If your goal is to reach controller or beyond, you will have to learn the following areas in Accounting:- Procure-to-Pay- Order-to-Cash- Record-to-Report🔥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