EDNA Vlog

Join 10,000 Accounting/Finance professionals who enrolled in the Controller Bundle (includes the Controller Academy course) at 30% off with code 30offcourse: https://thefincontroller.com Enroll in the Controller Academy 🚀 https://thefincontroller.com/p/controller-academy [coupon 30OFFCOURSE for 30% discount] 🔥Take 30% off when you enroll in my online course “Night Before the Accounting Interview Guide” including All Levels Q&A🔥: https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels?coupon_code=30OFFCOURSE I am going to show you how a CFO spends his day and toward the end of the video, I will share with you the best career path to follow if you want to one day become a CFO. Mark meets with sales leaders to discuss pricing of a new software product. The sales team presents him with their ideas, where they consider making the most money while keeping inline with similar products in the market. At 12:30 it’s time to break for lunch. Mark always has a working lunch with someone from the company, where they combine eating and discussing one area of the business. After spending about an hour on lunch, Mark returns to the office where he meets with the FP&A team to discuss the quarterly re-forecast…. and the Focus of the meeting is revenue forecast. The team contemplates 2 approaches to forecasting revenue in the coming quarter: A bottom up approach And a top down approach With the bottom up forecast approach, it is performed just like the name implies..you start from the bottom which is a list of your products/services, then use current customer/volume data to try and predict future revenue. While with the top down approach, the team starts at the top, meaning they assess the size of the market it operates in and its share of that market. They decide as a team to focus more on the bottom-up approach because it will be easier to rationalize when speaking to investors…AND use a light version of the top-down method to validate the results. The team will have to roll up their sleeves…. LOAD UP on caffeine and start building the revenue model, which will have to account for projected growth by customer, seasonality and other variables. Ok, it’s 3 PM and it’s time to sit down and review the board slide deck. The executive team meets with the board of directors once each quarter to review financial results, forecast and business outlook. The slides need to be easy to digest and provide good information. Mark likes a clean minimalistic slide structure, which allows him to talk over it and provide further context. The slides present KPIs such as DSO, CAC, Gross Margin growth among others. These board meetings are typically stressful and Mark usually takes the team out for some drinks later that day to blow off some steam. Those who qualify for a CFO role typically come from the following background: 90% of the time come from either Investing banking or equity research, while just about 10% of the time come from an Accounting background like myself. But generally This means to maximize your chances, you want to join an investment bank or an advisory consulting role at a big firm. This is based on my personal observation throughout my career, and to be clear, my current trajectory as a controller is to one day become a Chief Accounting Officer rather than a Chief Financial Officer. Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller 🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666 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

#shorts #lossaversionbias #lossaversion #wallstreetmojo What is loss aversion bias? | MUST WATCH | WALLSTREETMOJO Loss aversion bias is a cognitive phenomenon in which a person is affected more by the loss than the gain. The concept of loss aversion is an integral part of behavioral finance, and it’s very much applicable in trading and investing. To know more about it, check out our Youtube video. https://www.youtube.com/watch?v=4pSx3g-DtAA ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo

A nonfungible (unique) token (NFT) is a cryptographic token stored on the blockchain. It is a digital representation of something in real life, such as art, media, or other content. In the coming years, accountants will take the lead in addressing accounting and financial reporting challenges related to this type of digital asset. Learn more about how accountants are making sense of nonfungible tokens. https://www.aicpa.org/resources/video/how-accountants-are-making-sense-of-nonfungible-tokens-nfts

As more industries and companies get involved with digital assets and blockchain business opportunities, accountants are taking the lead in familiarizing themselves with these technologies. Find out how accountants are well-positioned with and in organizations to provide expertise on digital assets and blockchain. https://www.aicpa.org/resources/video/accountants-are-providing-insight-on-digital-assets-and-blockchain

Accounting professionals are looking beyond digital currency and considering the full scope of digital assets, particularly as regulations are beginning to be put in place. Accountants can break down digital assets into three categories: digital record, blockchain, and tracking. Discover how accountants are leading the way in working with three categories of digital assets. https://www.aicpa.org/resources/video/accountants-are-considering-the-full-scope-of-digital-assets

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In Episode #8 of GAAP Chats, hosts Mike Walworth and Chris Brundrett dig into some recent SEC and PCAOB enforcement actions so, hopefully, other CPAs can learn from others’ mistakes! Specifically, we’ll talk about an SEC enforcement action involving related party transactions and a PCAOB enforcement action involving a myriad of errors on three audit engagements.

#shorts #limitorder #financialmarkets #wallstreetmojo What is the limit order? | MUST WATCH | WALLSTREETMOJO A limit order is a type of order that we can place in the financial markets, which allows us to buy or sell financial assets at a special price that we can pre-determine. To know more about it, check out our Youtube video. https://www.youtube.com/watch?v=OoEJ9964xHw ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo