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Resources for Accountants

Normalizing Financial Statements: What Family Lawyers Need to Know [Video]

Normalizing Financial Statements: What Family Lawyers Need to Know

Miles Mason, Sr. JD, CPA is joined by Kevin Yeanoplos, CPA/ABV, ASA to discuss normalizing financial statements and the process that he goes through when searching for hidden financial activity within a business.

Kevin Yeanoplos is a Shareholder and the Director of Valuation Services for Brueggeman and Johnson Yeanoplos, P.C., with offices in Seattle and Tucson that specializes in the areas of business and intellectual property valuation, financial analysis and litigation support. Over the last four decades, the AICPA Business Valuation Hall of Fame inductee and Arizona Society of CPAs Lifetime Achievement Award honoree has assisted clients around the country with the valuation of a diverse array of intangibles and businesses. He frequently lectures throughout the United States on the topics of valuation, applied finance and financial analysis. Kevin has served in a diverse variety of volunteer positions, including Commissioner on the AICPA’s National Accreditation Commission, Commissioner on the Arizona Commission on Judicial Performance Review, Founding Chair of the UACPA’s Business Valuation Committee, and Chair of the Arizona Board of Appraisal among others. When he’s not chasing down the value of the invaluable, you can find Kevin running around the country on a 200 mile Ragnar Relay, using his business acumen as a board member for a local theatre or radio station, volunteering for the Special Olympics, advocating for royalty reform as a member of the National Academy of Recording Arts and Sciences or interviewing the likes of Roger Daltrey, Cyndi Lauper and Brian Wilson for his music webzine, Trebled Minds.

Contact Kevin Yeanoplos:
Website: http://www.bjyvalue.com/
Email: kry@bjyvalue.com
Phone: (520)-327-8258 Ext. 110

Purchase Financial Expert Guide for Family Law Judges and Attorneys: Colorado Edition by Kevin Yeanoplos, John Tadlock, & Ronald Seigneur: https://www.amazon.com/Financial-Expert-Family-Judges-Attorneys-ebook/dp/B08JD1Q1R6/ref=sr_1_1?qid=1679602014&refinements=p_27%3AKevin+R.+Yeanoplos&s=books&sr=1-1

CHAPTERS:
0:00 – What Do Family Lawyers Misunderstand About Normalizing Financial Statements?
2:52 – Can You Provide Us With an Example of a Normalizing Adjustment From Your Career?
4:41 – Talk Us Through How You Can Find Hidden Expenses in a Normalizing Adjustment

Watch More Highlights with Kevin Yeanoplos, CPA/ABV, ASA: https://youtube.com/playlist?list=PLSs56Kzf_RvnugZuJOhOCNxFWxlR8RFpr

Miles Mason is a Familiar Name. Well-known in the Memphis legal community as a divorce lawyer, author, speaker, and leader, Miles Mason, Sr. JD, CPA has dedicated his entire career to practicing family law. He feels a great sense of satisfaction, whenever he hears the information on this site has helped someone—even another attorney. Mason started MemphisDivorce.com in 1996 when he became frustrated with everything he read about divorce. That’s when he decided to write about the subject from an authentic perspective that would be more useful to the reader. Read more about Miles Mason, Sr. and our experienced attorneys and professional staff: https://memphisdivorce.com/

We work as team. Your plan will be specially tailored to your values, needs, and priorities. Here are some places to start:
https://memphisdivorce.com/ Our web site.
https://memphisdivorce.com/your-first-steps/ Download our Free e-book for persons
beginning the divorce process.
https://memphisdivorce.com/the-tennessee-divorce-clients-handbook/ The Tennessee
Divorce Client’s Handbook by Miles Mason, Sr. available on Audiobook, Kindle &
Amazon.
https://memphisdivorce.com/resources/blog/ Read our Tennessee Family Law Blog for
legal updates, commentary, and news.
https://www.americanbar.org/products/inv/book/358994264/ The Forensic
Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for
Family Lawyers, Second Edition by Miles Mason, Sr. JD, CPA published by the ABA
Family Law Section.
https://www.amazon.com/Tennessee-Parenting-Plans-SupportWorksheets/dp/1595719849 Tennessee Parenting Plans and Child Support Worksheets:
Building a Constructive Future for Your Family by Miles Mason, Sr. with examples from
actual cases.
https://memphisdivorce.com/tennessee-child-support-calculator-app/ Download your
Free Tennessee Child Support Calculator App for your smart phone.
https://www.youtube.com/@Memphisdivorce Our YouTube channel. A very popular
way to learn on the go.
https://www.linkedin.com/company/miles-mason-family-law-group-plc/ Our firm’s
LinkedIn page.
https://www.facebook.com/memphisdivorce Our firm’s Facebook page.
https://memphisdivorce.com/portfolio_category/memphis-divorce-lawyer-mason-in-the- media/Mason’s television news interviews.
#divorce #businessvaluation #milesmason

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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