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Resources for Accountants

Derivatives: Embedded Derivatives [Video]

Derivatives: Embedded Derivatives

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-derivatives

Embedded 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.

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Resources for Accountants

Introduction to Walkthroughs [Video]

At the root of planning and risk assessment procedures in an audit is obtaining an understanding of the entity. And what is one of the best ways to do this? By performing a walkthrough! When planned and performed appropriately, walkthroughs provide auditors with valuable insight, which helps in assessing audit risk and designing efficient and effective audit responses.This CPE-eligible (1.0 CPE), eLearning course will define a walkthrough, discuss how to prepare a walkthrough, and cover the various items and documentation requirements to consider when performing a walkthrough. If you are an auditor who audits financial statements in accordance with Public Company Accounting Oversight Board (PCAOB) auditing standards, U.S. generally accepted auditing standards (U.S. GAAS), or International Standards of Auditing (ISAs), this course is an essential component of learning how to effectively perform a walkthrough.https://revolution.gaapdynamics.com/learn/course/external/view/elearning/689/walkthroughs-a-z

Categories
Resources for Accountants

From Lawyer in Bolivia to Successful US Accountant: 3 Steps to Make It Happen [Video]

Ever wondered if you can switch careers and build a successful accounting career in the USA as an immigrant? 🌎 Meet Monica, a former lawyer from Bolivia who followed 3 key steps to transition into accounting in the U.S.! In this interview, we cover: ✅ The biggest challenges of switching careers as an immigrant ✅ The exact 3 steps that helped Monica become a successful accountant ✅ How YOU can start your journey—even with no U.S. experience! Join the EXACT course Monica enrolled in: https://controller-academy.com/courses/controller-academy Time Stamps: 00:00 Intro 00:47 Monica's Background 01:47 Monica's Job Responsibilities 02:56 Monica's Goal in 5 Years 04:47 Monica's Learned This From My Course 06:08 Monica's fav TV Show & Music 08:42 Monica's Journey To the US ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ 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