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Resources for Accountants

Discounted Payback Period – Basics, Formula, How to Calculate? (Step by Step) [Video]

Discounted Payback Period Chapters 00:00 Introduction 00:17 Payback Period Refresher 06:05 Limitation of Payback Period – Time Value of Money in Payback Period 07:36 Understanding Discounted Payback Period 10:02 Calculating Discounted Payback Period In this video, we discuss one of the methods of Capital Budgeting, Discounted Payback Period, along with how it works in project evaluations, its calculations, and its uses. What is a Discounted Payback Period? Discounted Payback Period is the time taken to recover a business’ initial investment. The calculation is done after taking into account the time value of money and discounting future cash flows. Formula = Year Before the Discounted Payback Period Occurs + (Cumulative Cash Flow in Year Before Recovery / Discounted Cash Flow in Year After Recovery) Uses of Discounted Payback Period: 1. Considers Time Value of Money 2. Used mostly when an investor has comparable projects 3. The shorter the discounted payback period, …
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Resources for Accountants

What is material to the financial statements? [Video]

Jenny will help you "close the GAAP" on what is material to the financial statements. Check out her quick video explanation here! If you are interested in learning more, explore our eLearning courses on our GAAP Dynamics Learning Library: Cybersecurity: Financial Reporting Issues and SEC Disclosures: https://www.gaapdynamics.com/product/cybersecurity-financial-reporting-issues-and-sec-disclosures/ Audit Planning and Materiality: https://revolution.gaapdynamics.com/learn/courses/546/audit-planning-and-materiality

Categories
Resources for Accountants

Accountant or Bookkeeper? Which Role Is Right for You [Video]

Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy This video will be your ultimate guide on the differences But more importantly, I am gonna focus on how you can make high 6 figures with either of these 2 professions So here is our agenda: we'll take a look at the Job responsibilities of both the bookkeeper and the accountant We'll talk about the education requirements And then, I'll tell you How you can earn high 6 figures regardless of whether you chose to be a bookkeeper or an Accountant Time Stamps: 00:00 Intro 00:27 Agenda 00:46 1. Job Responsibilities 02:23 2. Education Requirements 04:07 3. How Accountants Make $100K plus 06:37 4. How Bookkeepers Make $100K plus ----------------------------------- 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