Categories
Resources for Accountants

How to research Fintech stocks like Square (SQ) on Simply Wall St [Video]

How to research Fintech stocks like Square (SQ) on Simply Wall St

Jack Dorsey, CEO of Twitter (NYSE:TWTR) and Square (NYSE:SQ) has now made the call to commit his attention full time to Square and step down from his role of CEO at Twitter. Many have viewed this as a positive development for Square and are intrigued to see what plays out. First order of business appears to be a name change to Block Inc around December 10th. This high growth Fintech stock has pulled back 35% since its highs in August 2021 after a huge share price gain during 2020 and the first half of 2021.

In this video, our equity analyst Michael shows us how he uses the Simply Wall St Company report to learn more about SQ and shows us the useful insights that can be gained from the report, and what he’d look at next.

The Simply Wall St articles that are mentioned at the start of the video can be found here: https://simplywall.st/stocks/us/software/nyse-sq/square/news/squares-nysesq-lofty-valuation-definitely-justifies-a-full-t and here: https://simplywall.st/stocks/us/software/nyse-sq/square/news/beneath-the-surface-of-square-incs-nysesq-huge-revenue-beat

The Simply Wall St company report is a great starting point when you first discover a stock and want to get a quick yet in-depth view of its fundamentals. This report gives you a visual representation of vast amounts of data which reveals many insights which usually take much longer to discover.

Simply Wall St analyst Michael Paige and Simply Wall St have no position in SQ. This video is general in nature. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

The analysis is updated every day, so if you’d like to view SQ you can check it out on the platform here:
https://simplywall.st/stocks/us/software/nyse-sq/square#summary

We’re also hiring for multiple roles at SWS! If you’re inspired to help empower retail investors around the world to make better investing decisions, then check out all of our available positions here: https://simplywall.st/careers

Watch/Read More
Categories
Resources for Accountants

How to Account for Early Retirement of Bonds [Video]

This video explains how to account for the early retirement of bonds (aka early extinguishment of debt or early redemption of bonds).When a company retires (redeems) its bonds prior to the maturity date, the company must do several things:-Reduce the cash account by the amount used to repurchase the bonds (if cash is used to retire the bonds)-Remove the bonds payable-Zero out the unamortized discount or unamortized premium-Record a gain or loss IF the repurchase price is different from the carrying value (aka book value) of the bonds on the date the bonds are retiredThere are two ways to calculate the gain or loss on the early retirement of the bonds:(1) record the journal entry; if a debit is required to make the journal entry balance, then debit a loss on early retirement (or loss on bond redemption, loss on early extinguishment of debt, etc.). If a credit is instead required to make the journal entry balance, the credit a gain on early retirement (or gain on bond redemption, gain on early extinguishment of debt, etc.)(2) calculate the difference between the repurchase price (the amount paid to retire the bonds) and carrying value (aka book value) of the bonds at the time they are retired. If the repurchase price is less than the carrying value, there is a gain. If the repurchase price is greater than the carrying value, there is a loss.0:00 Introduction0:39 4 things to do when retiring bonds1:20 Example3:59 T-account for discount on bonds payable4:18 Journal entry to record gain on retirement of bonds5:53 Alternative situation (loss on retirement of bonds)— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES AND SPREADSHEETS* http://eepurl.com/dIaa5z— SUPPORT EDSPIRA ON PATREON*https://www.patreon.com/prof_mclaughlin— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — 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/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/* https://michaelmclaughlin.com

Categories
Resources for Accountants

Starting a Data Center Business Tips | Free Data Center Business Plan Template Included [Video]

How to start a Data Center Business; 10 essential ingredients for business startup success.Now you can get your free business plan template gift here: https://www.bizmove.com/business-gifts.htm - This is a high quality, full blown business plan template complete with detailed instructions and all the related spreadsheets. Allows you to easily prepare a professional business plan for your new businessAlso get free small business guides, tools, and worksheets at: https://www.bizmove.com