![How to Calculate Lease Payments [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/07/mp_417_0_0jpg.jpg)
The lessor determines the amount of the rental payment using the rate of return the lessor needs to receive in order to justify leasing the asset (this is called the implicit rate of return). From a conceptual standpoint, the total amount to be recovered through lease payments should be equal to the asset’s initial fair market value minus the present value of the residual value.— Edspira is the creation of Michael McLaughlin, 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* http://eepurl.com/dIaa5z— 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/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin
Resources for Accountants
![IRS hiring auditors [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/07/mp_411_0_0jpg.jpg)
The IRS is planning to hire thousands of auditors.If Congress passes the current infrastructure plan, the IRS will receive $40 billion to expand audits of high-income taxpayers. The IRS lost 17,000 staff in the past decade, so audit rates have declined. Taxpayers with at least $10 million of income were audited 12.06% of the time in 2013, but 8.16% of the time in 2015. The IRS Commissioner said the gap between taxes owed and taxes paid is as high as $1 trillion.The IRS has been trying to get additional funding for years, but it’s been plagued by a series of scandals. IRS staff have leaked personal information of wealthy taxpayers and targeted certain groups because of their politics. — Edspira is the creation of Michael McLaughlin, 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* http://eepurl.com/dIaa5z— 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/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin
![Round Function in Excel (ROUND, ROUNDUP, ROUNDDOWN, and MROUND) [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/07/mp_408_0_0jpg.jpg)
ROUND Function in Excel———————————————————————————————–In this video, we’ll go over how to use the ROUND function in Excel to remove decimals from digits. We will also learn about the four types of ROUND functions: ROUND, ROUNDUP, ROUNDDOWN, and MROUND. Finally, we shall understand the utility of each of these functions with the help of practical examples.ROUND Function in Excel——————————————–The ROUND function in Excel calculates the round number of a given number with the number of digits provided as an argument. This formula accepts two arguments: the number itself and the number of digits we want the number to be rounded up to.Syntax——————————————–=ROUND(number, num_digits)Arguments in ROUND Function:——————————————–Number – The number that we wish to round.Num Digits – The total number of digits to round the number to.Connect with us! LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter 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?sub_confirmation=1
![IFRS 16 Lessor Accounting Example 3 | Operating Lease [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_405_0_0jpg.jpg)
For an operating lease under IFRS 16, the lessor does not remove the asset from its statement of financial position. Instead, the lessor retains the asset and depreciates the asset over its economic useful life. With an operating lease, the lessor never recognizes sales revenue or cost of goods sold, and it doesn’t record a lease receivable or recognize interest revenue throughout the lease. Instead, the lessor recognizes lease revenue on a straight-line basis.— Edspira is the creation of Michael McLaughlin, 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* http://eepurl.com/dIaa5z— 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/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin
![IFRS 16 Lessor Accounting Example 2 | Finance Lease [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_399_0_0jpg.jpg)
When a lessor accounts for a finance lease under IFRS 16, the lessor must derecognize the asset from its statement of financial position and record a lease receivable upon commencement of the lease. If the lessor is a manufacturer or dealer, then the lessor must also record sales revenue and cost of goods sold upon commencement of the lease. Both the sales revenue and cost of goods sold must be reduced by the present value of the unguaranteed residual value.The lessor will then recognize interest revenue throughout the lease term. At the end of the lease, the lessor will restore the asset to its statement of financial position. If the actual residual value turns out to be less than the unguaranteed residual value, the lessor records a loss for the difference.— Edspira is the creation of Michael McLaughlin, 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* http://eepurl.com/dIaa5z— 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/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin
![IFRS 16 Lessor Accounting Example 1 | Finance Lease [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_396_0_0jpg.jpg)
When a lessor accounts for a finance lease under IFRS 16, the lessor must derecognize the asset from its statement of financial position and record a lease receivable upon commencement of the lease. If the lessor is a manufacturer or dealer, then the lessor must also record sales revenue and cost of goods sold upon commencement of the lease. The lessor will then recognize interest revenue throughout the lease term. At the end of the lease, the lessor will restore the asset to its statement of financial position. If the actual residual value turns out to be less than the guaranteed residual value, the lessor will receive cash from the lessee to cover the shortfall. — Edspira is the creation of Michael McLaughlin, 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* http://eepurl.com/dIaa5z— 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/ — CONNECT WITH EDSPIRA* Website: https://www.edspira.com* Blog: https://www.edspira.com/blog/ * Facebook page: https://www.facebook.com/Edspira* Facebook group: https://www.facebook.com/groups/561316587899818//* Reddit: https://www.reddit.com/r/edspira* LinkedIn: https://www.linkedin.com/company/edspira— CONNECT WITH MICHAEL* Website: http://www.MichaelMcLaughlin.com* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin * Twitter: https://www.twitter.com/Prof_McLaughlin* Facebook: https://www.facebook.com/prof.michael.mclaughlin* Snapchat: https://www.snapchat.com/add/prof_mclaughlin*Twitch: https://twitch.tv/prof_mclaughlin * Instagram: https://www.instagram.com/prof_mclaughlin*TikTok: https://www.tiktok.com/@prof_mclaughlin
![Systematic Risk vs Unsystematic Risk | Top Differences You Must Know! [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_391_0_0jpg.jpg)
In this video on Systematic Risk vs Unsystematic Risk, here we discuss key differences between Systematic and Unsystematic Risk along with infographics and comparison table. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐒𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐢𝐬𝐤?———————————————Systematic risk has no specific definition but is the inherent risk that exists in the stock market.𝐖𝐡𝐚𝐭 𝐢𝐬 𝐔𝐧𝐬𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐢𝐬𝐤?—————————————————Unsystematic risk is an industry or a company-specific threat for every type of investment. It is also known as “Specific Risk” or “Residual Risk.”𝐒𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐢𝐬𝐤 𝐯𝐬 𝐔𝐧𝐬𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐢𝐬𝐤 𝐊𝐞𝐲 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬————————————————————————————————-#1 – Systematic risk is uncontrollable in nature since it includes large-scale and numerous factors. Whereas, unsystematic risk is controllable as it is limited to a specific section.#2 – Systematic risk is broken down into 3 categories i.e. Interest rate risk, buying power risk and market risk. Whereas, Unsystematic Risk is divided into two main categories, business risk and financial risk.#3 – Systematic risk can be controlled substantially by techniques such as hedging and allocation of assets. Whereas, diversification of a portfolio can eliminate unsystematic risk.To know more about the 𝐒𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐢𝐬𝐤 𝐯𝐬 𝐔𝐧𝐬𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐢𝐬𝐤, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/systematic-risk-vs-unsystematic-risk/Subscribe 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?sub_confirmation=1
![GAAP Explained With Examples | Mapping Income Statement Lines to GAAP [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_388_0_0jpg.jpg)
This is my version of an engaging method to teach you US GAAP or Generally Accepted Accounting Pricinples, simply by discussing how they apply to each line item on the income statement. Become part of my inner circle & GET FREE DOWNLOADS:https://www.patreon.com/TheFinControllerMy Other Best-Selling Products: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 METRICShttps://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outUse Coupon Code: Save25——————————————————————-My Recommended Products (I will only share what I love ❤ here)⚪️ 🧠 Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books 📚+🧠=💥⚪️ Auditing: https://amzn.to/361wJhZ⚪️ Forensic Accounting: https://amzn.to/2G6t9bo⚪️ Introduction to Finance: https://amzn.to/2ExgUEA⚪️ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:📱https://www.tiktok.com/@thefinancialcontroller🙋🏼♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666📸 https://www.instagram.com/the_financial_controller/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.
![What happens if you fill out the Contact Us form? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_385_0_0jpg.jpg)
Got a question about accounting and auditing training for you or your team? We’d love to answer it! Let us help you get your training on track and your people engaged, saving you time, money and mistakes! Mike Walworth, Founder & CEO of GAAP Dynamics, walks you through exactly what happens when you fill out the form on our “Contact Us” page, linked here: https://www.gaapdynamics.com/contact-usAccountants all over the world look to us for their technical training. Our passion for accounting and auditing and our extensive industry knowledge combine to create a uniquely effective training experience. Instead of just going through the motions, our participants get engaged.U.S. GAAP or IFRS. Accounting or auditing. Update courses or the fundamentals. The qualified accountants and professional educators at GAAP Dynamics have your solution. Whether you’re searching for instructor-led training, webinars, eLearning, or blended learning, we’ll help you find the right mix for your goals and needs.Schedule a free consultation today. Give us a call at + 1 (804) 897-0608, or fill out the form on our website to CHANGE THE WAY YOU TRAIN!https://www.gaapdynamics.com/contact-usCheck out our library of self-study eLearning courses here: https://revolution.gaapdynamics.com/catalog
![Lateral Thinking Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_382_0_0jpg.jpg)
Discover what is Lateral Thinking.Get Business Related Freebies: Free books from Amazon, any topic. Business, Fiction and Nonfiction:https://www.bizmove.com/free-books-online/ Video guides to improve your management skills:https://www.bizmove.com/business-management-course/ 300 free business and management guides:https://www.bizmove.com/small-business-encyclopedia/ Free business templates and tools:https://www.bizmove.com/tools/ Free management skills books:https://www.bizmove.com/books/management-skills-books.htm Free downloadable business plan template:https://www.bizmove.com/business-gifts.htm Free starting a business books:https://www.bizmove.com/books/starting-a-business-books.htm A comprehensive resource of free management and business related stuff:https://www.bizmove.com/******************Don’t forget to subscribe so you don’t miss any of our videos, we upload regularly.******************
![Internal Rate of Return (IRR) | Formula | Calculation with Example [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_379_0_0jpg.jpg)
In this video on internal rate of return (irr), here we learn formula, example of irr along with significance and its drawbacks.𝐖𝐡𝐚𝐭 𝐢𝐬 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐑𝐚𝐭𝐞 𝐨𝐟 𝐑𝐞𝐭𝐮𝐫𝐧 (𝐈𝐑𝐑)?——————————————————————-Internal return rate is the rate at which the net present value of the project is zero, the rate at which future cash flows are adjusted to calculate the present value.𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐑𝐚𝐭𝐞 𝐨𝐟 𝐑𝐞𝐭𝐮𝐫𝐧 (𝐈𝐑𝐑) 𝐅𝐨𝐫𝐦𝐮𝐥𝐚——————————————————————-NPV= 0= CF0 + CF1/(1+IRR)^1 + CF2/(1+IRR)^2 + ….. CFn/(1+IRR)^n𝐒𝐭𝐞𝐩𝐬 𝐭𝐨 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐈𝐑𝐑 𝐢𝐧 𝐄𝐱𝐜𝐞𝐥——————————————————#1 – Calculate Cash inflows and outflows in a standard format.#2 – Use the IRR formula in Excel#3 – Compare IRR to Discount Rate𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐑𝐚𝐭𝐞 𝐨𝐟 𝐑𝐞𝐭𝐮𝐫𝐧 (𝐈𝐑𝐑) 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐜𝐞————————————————————————-The IRR of any project shall be estimated taking into account the following three assumptions:1- The investments made are kept until the maturity dates.2 – The intermediate cash flows will reinvest itself in IRR.3 – By nature all cash flows are periodic, or the time gaps between various cash flows are equal.To know more about 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐑𝐚𝐭𝐞 𝐨𝐟 𝐑𝐞𝐭𝐮𝐫𝐧 (𝐈𝐑𝐑), you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/internal-rate-of-return-irr/Subscribe 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?sub_confirmation=1
![6 Staff Accountants (1-2 Yrs Exp.) Interview Questions That Are Frequently Asked [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_376_0_0jpg.jpg)
Getting your first Accounting job can be hard, but these questions and answers should help you with some basic Accounts Receivable and Accounts Payable interview questions. Staff Accountants Interview Questions: Typically this requires 1-2 years of experience in Accounting. Let me know if you have any questions. Become part of my inner circle & GET FREE DOWNLOADS:https://www.patreon.com/TheFinControllerMy Other Best-Selling Products: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 METRICShttps://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_outUse Coupon Code: Save25——————————————————————-My Recommended Products (I will only share what I love ❤ here)⚪️ 🧠 Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books 📚+🧠=💥⚪️ Auditing: https://amzn.to/361wJhZ⚪️ Forensic Accounting: https://amzn.to/2G6t9bo⚪️ Introduction to Finance: https://amzn.to/2ExgUEA⚪️ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:📱https://www.tiktok.com/@thefinancialcontroller🙋🏼♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666📸 https://www.instagram.com/the_financial_controller/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.