![Balance Sheet Basics Explained By A Controller [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_262_0_0jpg.jpg)
A detailed walkthrough the basics of the balance sheet including:1. The main Accounting Equation2. Current vs. non-current Assets & Liabilities 3. What is considered “Cash & Cash Equivalents”4. Deferred Revenue5. How to prepare the Balance SheetMy video on Connection Between The 3 Financial Statements: https://youtu.be/JgqUGROnFOUMy video on Accounting for Cryptocurrency: https://youtu.be/LrU9ThtRvFIMy video on How to analyze the Balance Sheet like a CFO: https://youtu.be/DMv9JC_K37YMy video on Revenue Recognition: https://youtu.be/CnlKAvu6qdIMy video on US GAAP: https://youtu.be/Yy2y_tfqKdcMy Best-Selling Products:Get My โNight Before the Accounting Interview Guideโ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐ 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_outMy Recommended Products (I will only share what I love โค here)โช๏ธ ๐ง Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโช๏ธ ๐ Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐+๐ง =๐ฅโช๏ธ Auditing: https://amzn.to/361wJhZโช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:๐ฑhttps://www.tiktok.com/@thefinancialcontroller๐๐ผโโ๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐ธ 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
Resources for Accountants
![Hedge Accounting: Hedge Accounting Qualification [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_259_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Hedge Accounting: Hedge Accounting Qualification.” Check it out here: https://revolution.gaapdynamics.com/courses/hedge-accounting-qualificationsDerivative instruments can be powerful tools for a company to use to reduce its exposure to financial risks, but there is a drawback. Accounting for derivative instruments can create volatility in earnings because these instruments are recorded at fair value with changes in fair value recorded through the income statement. Is there anything a company can to to mitigate this volatility? Yes! Qualify for and elect to use hedge accounting. Hedge accounting can be used upon meeting strict criteria to reduce this income statement volatility. Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog Subscribe to GAAP Dynamics to see more videos like these!
![Product Lifecycle Management Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_256_0_0jpg.jpg)
Discover what is Product Lifecycle Management.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.******************
![IFRS 16 Lessee Accounting Example 3 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_253_0_0jpg.jpg)
This video shows how the lessee should account for a lease under IFRS 16 when (1) there is an unguaranteed residual value and (2) the lessor’s implicit interest rate is unknown to the lessee. Because the residual value is not guaranteed, the lessee will not be required to compensate the lessor if the residual value fails to meet a certain threshold. Because the lessor’s implicit interest rate is unknown to the lessee, the lessee’s incremental borrowing rate will be used to discount cash flows when measuring the lease liability. โ Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. Edspiraโs mission is to make a high-quality business education accessible to all people.โ SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS* http://eepurl.com/dIaa5zโ 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/ โ 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/edspiraโ 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
![Line Chart in Excel – How to Create? (Step by Step) [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_250_0_0jpg.jpg)
Line Chart in Excel———————————————————————————————–In this video, we’ll go over how to create a line chart in Excel and understand how it can be used to display trend graphs from time to time. This will be demonstrated using a practical line chart example.What is a Line Graph in Excel?————————————————Excel provides a plethora of chart types for displaying data in a graphical style. The most common and often used chart is the line chart. A line chart or graph is used to show changes over time. Therefore, we can represent the most typical data (daily, weekly, monthly, yearly) by creating a line chart in excel.Line charts can be created in a range of categories in Excel, including:โข 2D Line Chartsโข 2D Stacked Line Chartsโข 3D Line ChartsHow to create a Line Chart in Excel?———————————————————–The following are steps to create a Line Chart in Excel:Step #1 – Choose the data in the excel sheet for which you want to make a Line ChartStep #2 – Go to Insert MenuStep #3 – Select Charts TabStep #3 – Select Line Charts SymbolStep #4 – Select the customized line chart as per your requirement—————————————————————————————-To know more about Line Chart in excel, you can go to this link here:-https://www.wallstreetmojo.com/line-graphs-charts-in-excel/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
![Why Cash Accounting is MISLEADING!! Accrual vs. Cash Accounting Explained [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_245_0_0jpg.jpg)
Cash Accounting is an over-simplified method of Accounting and often used by small businesses. The proper GAAP-accepted method is the Accrual Accounting. In this video we dive into an example business, examine its transactions, record the journal entries, and then see the IMPACT Cash Accounting has on the presentation of the Income Statement as proof itโs a misleading method of Accounting.Link to purchase a MORE EXPANDED version of the file shown in the video (highly recommend it for students and professionals):https://thefincontroller.com/p/accrual-vs-cash-accounting-guideMy Best-Selling Products:Get My โNight Before the Accounting Interview Guideโ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐ 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_outMy Recommended Products (I will only share what I love โค here)โช๏ธ ๐ง Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโช๏ธ ๐ Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐+๐ง =๐ฅโช๏ธ Auditing: https://amzn.to/361wJhZโช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:๐ฑhttps://www.tiktok.com/@thefinancialcontroller๐๐ผโโ๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐ธ 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
![Banking Industry Fundamentals: Loans [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_242_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Banking Industry Fundamentals: Loans.” Check it out here: https://revolution.gaapdynamics.com/courses/banking-industry-fundamentals-loansWhat does a bank do with all the money it receives from deposit holders? Quite often, it makes loans! There are lots of different types of loans, such as commercial, residential mortgage, auto, agricultural, and construction just to name a few. Some loans are held by a bank until maturity and some are sold after origination. Some are purchased outright, rather than being underwritten by the bank itself. All of these situations have unique accounting considerations under ASC 310 which you will learn about in this course!Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog Subscribe to GAAP Dynamics to see more videos like these!
![Professional Liability Insurance Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_239_0_0jpg.jpg)
Discover what is Professional Liability Insurance.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.******************
![Daily Compound Interest (Formula) | Step by Step Calculation with Examples [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_236_0_0jpg.jpg)
In this video on Daily Compound Interest, here we discuss how to calculate daily compound interest along with its formula and practical examples.๐๐ก๐๐ญ ๐ข๐ฌ ๐๐๐ข๐ฅ๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ?———————————————————-Daily compounded interest means interest is accumulated on a daily basis and is calculated by charging interest on the principal plus interest earned on a daily basis and hence is higher than interest compounded on a monthly / quarterly basis due to high compounding frequency.๐๐๐ข๐ฅ๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐———————————————————–A=(P (1+r/n)^(nt)) โ P๐๐๐ข๐ฅ๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐———————————————————–The bank borrows a total of $5000 where the interest rate is 7% and the balance is borrowed for a term of 3 years. Let’s figure out how much the bank will measure the compounded interest on the loan provided.From above given data we get,Principle = $5000, Annual Interest = 7%, N = 365, Time(years) = 3By using above formula we get,=($5000*(1+7/365)^(365*3))-$5000= 1168.27To know more about the ๐๐๐ข๐ฅ๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ, you can go to this ๐ฅ๐ข๐ง๐ค ๐ก๐๐ซ๐:- https://www.wallstreetmojo.com/daily-compound-interest/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
![5 Advanced Financial Analyst Interview Questions [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_233_0_0jpg.jpg)
Switching gears to Advanced Financial Analyst Interview Questions from my experience as a corporate controller. Here are the questions we going to cover here:If you could choose one financial metric to assess a stock, what would it be?Why is EBITDA an important metric/value?How can you explain solvency?What factors do you need to consider before taking out a loan?Which financial statement do you refer to in order to monitor whether the company has enough cash to pay off current Liab.?Entry Level Financial Analyst Interview Questions: https://youtu.be/zwUoVnnaM_wFinancial Analyst Behavioral Interview Questions: https://youtu.be/aPIboJu6lpQMy Best-Selling Products:Get My โNight Before the Accounting Interview Guideโ including All Levels Q&A:https://thefincontroller.com/p/the-night-before-your-accounting-interview-guide-for-all-levels๐ 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_outMy Recommended Products (I will only share what I love โค here)โช๏ธ ๐ง Roger CPA Review Course (get 50% off): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3dโช๏ธ ๐ Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537My Recommended Finance & Accounting Books ๐+๐ง =๐ฅโช๏ธ Auditing: https://amzn.to/361wJhZโช๏ธ Forensic Accounting: https://amzn.to/2G6t9boโช๏ธ Introduction to Finance: https://amzn.to/2ExgUEAโช๏ธ Introduction to Managerial Accounting: https://amzn.to/33SEyE4———————————————————————Hang Out with me on social media:๐ฑhttps://www.tiktok.com/@thefinancialcontroller๐๐ผโโ๏ธhttps://www.facebook.com/groups/780732429036886/?source_id=101273467885666๐ธ 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
![Derivatives: Embedded Derivatives [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_230_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Derivatives: Embedded Derivatives.” Check it out here: https://revolution.gaapdynamics.com/courses/derivatives-embedded-derivativesEmbedded derivatives are derivatives that are combined with other contracts (host instruments) to make a hybrid instrument. ASC 815 has specific rules relating to identifying embedded derivatives and determining whether they should be separated (bifurcated) from the host instrument. Our 1-hour online eLearning course provides an in-depth understanding of the accounting for embedded derivatives under ASC 815. After introducing embedded derivatives, and the concepts of host and hybrid instruments, this course provides the learner with the 3-step consideration when determining whether an embedded derivative needs to be separated (i.e. bifurcated) from the host. Learners get to apply their knowledge to various class examples and case studies. The course concludes with a look at “real-life” financial statements and the presentation and disclosures related to these instruments.Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/catalog Subscribe to GAAP Dynamics to see more videos like these!
![Yale Attitude Change Approach Explained | Management & Business Concepts [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_227_0_0jpg.jpg)
Discover what is Yale Attitude Change Approach.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.******************