![High Growth Tech Startup Opportunity? Victory Square Technologies CGO Interview (CSE:VST) [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_224_0_0jpg.jpg)
In this video on Written Down Value Method, here we discuss how to calculate written down value (WDV) Depreciation along with practical examples and detail explanation.๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ซ๐ข๐ญ๐ญ๐๐ง ๐๐จ๐ฐ๐ง ๐๐๐ฅ๐ฎ๐ ๐๐๐ญ๐ก๐จ๐?——————————————————————–Written Down Value method is a depreciation technique which applies a constant rate of depreciation to the net book value of the assets each year thus recognizing more depreciation expenses in the early years of the asset’s life and less depreciation in the later years of the asset’s life.๐๐ซ๐ข๐ญ๐ญ๐๐ง ๐๐จ๐ฐ๐ง ๐๐๐ฅ๐ฎ๐ ๐๐๐ญ๐ก๐จ๐ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐———————————————————————Written Down Value Method = (Cost of Asset โ Salvage Value of the Asset) * Rate of Depreciation (in %)๐๐ซ๐ข๐ญ๐ญ๐๐ง ๐๐จ๐ฐ๐ง ๐๐๐ฅ๐ฎ๐ ๐๐๐ญ๐ก๐จ๐ ๐๐ฑ๐๐ฆ๐ฉ๐ฅ๐———————————————————————ABC Company purchased a $14,000 Machinery with a 3 year useful life and a residual value of $3,000. Depreciation rates are 18%.Calculation of written down value (WDV) of depreciation using above formula can be done as follows โDepreciation = ($14,000 โ $3,000) * 18%Depreciation = $1,980Calculation at end of the year can be done as follows โValue at End of Year = ($14,000 โ $3,000) โ $1,980Value at End of Year = 9,020Similarly, we can do the calculation as shown above for year 2 and 3.To know more about the ๐๐ซ๐ข๐ญ๐ญ๐๐ง ๐๐จ๐ฐ๐ง ๐๐๐ฅ๐ฎ๐ ๐๐๐ญ๐ก๐จ๐, you can go to this ๐ฅ๐ข๐ง๐ค ๐ก๐๐ซ๐:- https://www.wallstreetmojo.com/written-down-value-method/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
Resources for Accountants
![CFO vs. Controller | What Are The Differences In Terms Of Tasks, Pay & Education [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_221_0_0jpg.jpg)
Reaching a CFO position is a great goal to have if you are in Finance. CFO stands for Chief Financial Officer, which means youโll be sitting with the executive team and making decisions that will impact the entire company. My role however is a corporate controller, which means that the CFO is my boss and we have different job descriptions. A friend of mine once told me that he thought a controller is a mini CFO, which was kind of a hilarious thought. But this got me wondering: Do people really think that a controller is a mini version of a CFO?What are the differences in the job description between a controller and a CFO?Is becoming a controller a good stepping stone into getting a role as a CFO?What is a typical career trajectory that leads to a CFO role? What is the earning potential for both a controller and a CFO?My 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
![Inventory: Overview of ASC 330 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_218_0_0jpg.jpg)
This is the introductory video to our self-study eLearning course “Inventory: Overview of ASC 330.” Check it out here: https://revolution.gaapdynamics.com/courses/inventory-overview-of-asc-330This module covers the principles of inventory, including classification, cost inclusions, measurement, exchanges, and presentation and disclosures. Many companies have inventory on their books. Inventory is a portion of their business assets that will be (or already are) ready for resale. This one-hour eLearning module provides an overview of ASC 330 and discusses what is included in inventory cost, including how to calculate total cost, the measurement and remeasurement principles applied to inventory, and accounting for inventory exchanges.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!
![How to Start an Online Business 2021 | Step-By-Step Guide and Dozens of Free Online Business Tools [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_215_0_0jpg.jpg)
Discover How to Start an Online Business in 2021. Step-By-Step Guide and Free Tools for Starting an Online Business. You get access to dozens of books, guides, worksheets, tools, software programs, videos, downloadable business plans, templates, checklists, spreadsheets, and much more. All free of charge and no strings attached.———————————————-Small Business Freebies for Starting an Online Business:———————————————- Free Business Books From Amazon, Covering Various Business Management Topics.https://www.bizmove.com/free-books-online/business-free-amazon-books.htm Free Books for Starting and Marketing an Online Business:https://www.bizmove.com/books/internet-marketing-books.htm A Huge Collection of Free Small Business Tools. Including: Business Plans, Worksheets, Spreadsheets, Checklists, Templates, Software, and More. Covering All Aspects of Starting and Managing a Small Business:https://www.bizmove.com/tools/ 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 Books to Improve your Management Skills:https://www.bizmove.com/books/management-skills-books.htm Free Downloadable Business Plan Template, and Business Management Software:https://www.bizmove.com/business-gifts.htm Free Books for Starting a Business: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.******************
![Index Match Function in Excel – Step by Step [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_212_0_0jpg.jpg)
Index Match Function in Excel ————————————————-In this video on Index Match in Excel, we’ll go through how to combine Index and Match formulas in Excel and how these formulas can work together to serve as a powerful alternative to VLOOKUP. This will be demonstrated using a practical Index Match calculation example.How to Use Index Match Functions in Excel?——————————————–The INDEX function returns the row number result, while the MATCH function returns the position of the lookup value in the array. This combination of the INDEX MATCH Excel Function is particularly beneficial in addressing VLOOKUP’s key limitations: it cannot be used to search the table from left to right. The INDEX MATCH Function, on the other hand, can easily achieve this goal.Index Match Excel Formulas——————————————–=index(array, row_num, [column_num])=match(lookup_value, lookup_array, [match_type])Arguments in Index Function:——————————————–Array: It denotes the column or array from where the value is needed.Row Number: This specifies the row in the given array from which the result is required.Arguments in Match Function:——————————————–Lookup Value: It denotes the lookup value to be searched in the lookup array.Lookup Array: It denotes the array or range of cells from which the lookup value is to be searched.Match Type: This decides the kind of result we need. We can provide the values 1, 0, or -1 depending on the type of match. For an exact match, we can provide โ0โ.To know more about the Index Match Function, you can go to this link: – https://www.wallstreetmojo.com/index-match-function-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
![CPA vs. CMA Certificate | What Are The Differences and How To Choose [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_209_0_0jpg.jpg)
If you are trying to decide whether to pursue a career as a CPA (Certified Public Accountant) or a CMA (Certified Management Accountant), this video will help you decide by considering the following factors:1) Your personality type..are you an introvert?2) Do you plan to move across counties in the future?3) Do you want to own your own practice?4) Is your end goal becoming a CFO?My 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
![How to make a GIF using Adobe Photoshop [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_206_0_0jpg.jpg)
GIFs are a great way to add eye-catching movement to a social media post, or to add personality to a blog post on your website. GIFs are also a unique and efficient way to demonstrate a process or set of instructions within your eLearning module. Learn how to make a custom GIF with us using Adobe Photoshop in this short instructional video!See our full blog post here: https://www.gaapdynamics.com/insights/blog/how-to-make-a-custom-gif-using-photoshopLearn 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!
![How I Saved Hundreds on My Car Insurance | Easy Way to Locate the Best Car Insurance Rate [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_203_0_0jpg.jpg)
Hereโs the free service we use to discover the cheapest car insurance rate that is available to us: (toll-free) at 1-855-981-7528. This is a free by phone service that specializes in locating the cheapest car insurance rates. They perform the tedious task of shopping around, and present you with the cheapest auto insurance provider for your location. We call this service every year before our car insurance expires. It allows us to discover whether there is a cheaper car insurance rate than ours, and has saved us lots of money over the years.
![AICPA Town Hall Series – June 24 Edition [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_200_0_0jpg.jpg)
AICPA Town Hall Series – June 24 Edition
![IFRS 16 Lessee Accounting Example 2 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_197_0_0jpg.jpg)
This video shows how the lessee should account for a lease under IFRS 16 when the expected residual value of the asset is lower than the guaranteed residual value. In this situation, the lessee is expecting to make a payment at the end of the lease to compensate the lessor for the different between the guaranteed residual value and the asset’s actual residual value. The lessee must therefore discount this expected payment to its present value and include it when calculating 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
![How to Calculate the Right-of-use Asset [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_194_0_0jpg.jpg)
When the lessee capitalizes a lease, it doesnโt just record a liability; it also records a right-of-use asset. At the commencement of the lease, the right-of-use asset is calculated as follows:Initial measurement of lease liability + lease prepayments + initial direct costs + costs to dismantle/remove the asset or restore the site – lease incentives received from the lessor = right-of-use asset The right-of-use asset is then recorded on the lessee’s statement of financial position and depreciated over the lease term.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
![IFRS 16 Lessee Accounting Example 1 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2021/06/mp_191_0_0jpg.jpg)
This video shows how the lessee should account for a lease under IFRS 16 when the expected residual value of the asset is higher than the guaranteed residual value. 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