![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!
Resources for Accountants
![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.******************
![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
![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