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Resources for Accountants

A Glass of Milk | Inspiring Short Stories #1 | Motivational & Inspirational Video [Video]

A Glass of Milk. Inspiring short stories #1. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.Other inspiring stories from the 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/QYrMv-rLPR0#8: Law of the Garbage Truck https://youtu.be/76q5IGAaN9Q#9: The Angry Father https://youtu.be/HKItgPLu-tsGet 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

The Statement of Stockholders’ Equity [Video]

The statement of stockholders’ equity tells you the changes that occurred in various equity accounts (common stock, retained earnings, etc.) during the period.If you look at a company’s balance sheet, you can see the amounts for each of its stockholders’ equity accounts. But these amounts are the total as of a particular point in time. To see why a stockholders’ equity account increased or decreased from one balance sheet date to the next, you would refer to the statement of stockholders’ equity. — 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

Sustainable Growth Rate – Meaning, Formula, Calculation & Interpretations [Video]

This tutorial explains how the Sustainable Growth Rate works, including its meaning, formula, calculations, and interpretation. Furthermore, using the Colgate Case Study, we will demonstrate how to calculate Sustainable Growth Rate in Excel. You can download the Colgate Sustainable Growth Rate template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is a Sustainable Growth Rate?——————————————–The sustainable growth rate indicates how much a company may grow in the future without relying on debt or equity infusions.Formula——————————————–Sustainable Growth Rate Formula = Retention Ratio × Return on EquityInterpretation——————————————— It is preferable to have a higher Return on Equity Ratio as well as a Retention Ratio.- A higher Return on Equity Ratio indicates that earnings on the same level of equity investments are higher.- If a company maintains a higher Retention Ratio, it indicates that it has future growth potential and is confident in delivering a better return on the money it is willing to retain. For more details, you can refer to our article – https://www.wallstreetmojo.com/sustainable-growth-rate-formula/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

What is subject to income tax [Video]

Unless the tax code provides an exclusion, you’re subject to income tax when you:• Earn money from a job• Earn money from self-employment• Receive cash for doing odd jobs• Receive dividends from a corporation• Receive damages for emotional distress • Find money lying on the ground• Get paid for jury duty• Sell property for more than you paid for it• Give someone a gift of more than fifteen thousand dollars• Rent your home to someone for more than 14 days• Receive interest• Receive unemployment benefits• Receive something through bartering• Have your debt forgiven• Win a prize• Win money gambling• Make money from a hobby• Earn money from an illegal business• Embezzle money from your employerAnd don’t forget, if someone else pays your taxes for you, that’s taxable income as well.— 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

How to Prepare a Classified Balance Sheet [Video]

A classified balance sheet shows a company’s asset, liability, and stockholders’ equity accounts with a distinction made between current and noncurrent assets as well as current and noncurrent liabilities. Here’s how to prepare a classified balance sheet from an adjusted trial balance:(1) identify the balance sheet accounts (2) classify each balance sheet account as a current asset, noncurrent asset, current liability, noncurrent liability, or stockholders’ equity account(3) calculate the ending balance of retained earningsThe ending balance of retained earnings is calculated as follows:retained earnings, beginning balanceplus: net income (or minus net loss)minus: dividendsequals: retained earnings, ending balance— 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

Bid-Ask Spread – Meaning, Formula, Calculation & Interpretations [Video]

In this tutorial, you will learn how to analyze an organization’s Bid-Ask Spread and why it’s an important indicator for identifying how stock purchases and sales affect stock prices. We will go through its definition, formula, calculations, and interpretation, as well as how to calculate Colgate-Palmolive’s Bid-Ask Spread in Excel.You can download the Colgate Bid-Ask Spread template from this link – https://www.wallstreetmojo.com/ratio-analysis-template/What is Bid-Ask Spread?——————————————–The bid-ask spread refers to the difference between the Ask and Bid prices. The “Ask Price” is the lowest price at which a prospective seller of stock is willing to sell the security they hold, while the “Bid Price” is the highest price a prospective buyer is willing to pay for the security. Formula——————————————–Bid-Ask Spread Formula = (Ask Price – Bid Price)Interpretation——————————————— If the Bid-Ask spread is low, investors can buy and sell assets with minimal price fluctuations.- For investors, external market liquidity is a significant source of risk.For more details, you can refer to our article – https://www.wallstreetmojo.com/bid-ask-spread/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

How to Calculate the Total Cost of Ownership [Video]

When a company is thinking about purchasing something (e.g., equipment), it should look at the total cost of ownership, not just the purchase price.The total cost of ownership includes costs like:• Delivery/installation• Training/support• Repairs/maintenance• Energy/fuel• Insurance• Environmental/disposal costs• As well as the purchase priceThe total cost of ownership is thus the sum of the purchase price and all the direct or indirect costs of ownership.total cost of ownership = purchase price + direct and indirect costs of ownershipThe total cost of ownership is sometimes called the “whole-life cost” because it includes all costs that occur throughout an asset’s life cycle, from the initial purchase to the disposal of the asset.When it comes to procurement, it’s tempting to fixate on the purchase price because it’s clearly visible.But an asset with a cheap initial purchase price might be more expensive to own than a competing product in the long-run. — 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

All of the Balance Sheet Ratios for Financial Analysts [Video]

Over the last year I’ve made multiple videos talking about how to measure balance sheet KPIs or we also refer to them as financial ratios.And today I wanted to put these all together in one video, so you can come out of it feeling super confident in your ability not only to calculate these rations, but more importantly how to read and interpret them📈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 $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🔥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——————————————————————⚪️ 🧠 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

Can You Write off a Pool on Your Taxes? [Video]

Can you get a tax deduction for putting in a swimming pool at your home?Generally, no. A pool is a nondeductible personal expense; it’s intended for recreation.However, the costs of building and maintaining a pool can be deductible under § 213 of the tax code if the primary purpose of the pool is directly related to medical care. In 1983, a taxpayer successfully deducted the cost of a swimming pool in the court case Cherry v. Commissioner.In that case, the taxpayer was diagnosed with emphysema and told by his doctor to get exercise.But the taxpayer didn’t immediately build a pool. He first tried several types of exercise, but found that swimming worked best.He then found a community pool, but it wasn’t open during the hours he was off work.Only then did the taxpayer build a pool.Specifically, he built a new house with an indoor pool so he could use it for exercise year-round.And he primarily used the pool for medical reasons; he wasn’t having pool parties every week.Even with all this, the IRS still fought him on the deduction because it said the pool wasn’t equipped with special medical equipment. But the taxpayer prevailed in court, because he showed there were no feasible alternatives for him to improve his health.Thus, he was able to deduct the pool as a medical expense under § 213.— 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/