EDNA Vlog

Enroll in the Controller Academy 🚀 https://thefincontroller.com/p/controller-academy [coupon 30OFFCOURSE for 30% discount] Accrued Vacation Liability is the dollar value of what you owe your employees if they were to quit today. #shorts Start by getting a list of your current employees from your payroll system The list needs to include their annual salary, their current balance of vacation in terms of hours, And their hourly rate Multiply the vacation balance times their hourly rate And this will give you the vacation liability per employee Then you add up the dollar balance for all your employees and that's your total liability at month end Next the journal entry will be debit to Vacation expense and credit to accrue vacation liability —————————— My other best selling courses: 🔥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 📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs: ​https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business​ ——————————————————————— 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

This video shows the journal entry for recording a sale. The journal entry depends on 3 things: (1) Was it a credit sale or a cash sale? If it was a credit sale, you'll need to debit accounts receivable instead of the cash account when recording the sale (2) Was it the sale of goods or reduces? If it was the sale of goods, you'll need to remove the inventory from the books by crediting the inventory accounting and debiting cost of goods sold (3) Was any sales tax collected? If sales tax was collected, then you'll need to record a liability (sales tax payable) Introduction 0:00 Example 1 (sale of goods on credit, no sales tax) 0:33 Example 2 (sale of goods for cash, with a sales tax) 2:02 Example 3 (sale of services for cash, no sales tax) 3:52 — 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

California, Colorado, NY, etc..not every state, but most states are following the new Pay Transparency guidance, forcing companies to list the salary range in each job posting. This is great news for job seekers!! #shorts Enroll in the Controller Academy 🚀 https://thefincontroller.com/p/controller-academy —————————— My other best selling courses: 🔥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 📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs: ​https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business​ ——————————————————————— 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 #Moneylaundering #laundering #wallstreetmojo What is Money laundering? | MUST WATCH | WALLSTREETMOJO Money laundering is getting dirty money cleaned and put into the system, making it seem like clean money. To know more about it, check out our youtube video. https://studio.youtube.com/video/sNZsntChuI4/edit?c=UChlNXSK2tC9SJ2Fhhb2kOUw ========================================================================== 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

Do you ever daydream about the day you can retire? If you’re lucky enough, maybe your employer offers you some type of post-retirement benefit! If so, the accounting for your retirement benefit is governed by IAS 19. In this CPE-eligible eLearning course (1.0 CPE), you’ll learn more about defined benefit plans, which is a type of post-employment benefit within the scope of IAS 19. Additionally, we’ll discuss various considerations as it relates to other long-term employee benefits. Take our self-study eLearning course here: Coming soon Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/l… Subscribe to GAAP Dynamics to see more videos like this!

Kinman Tong, partner at Moss Adams, discusses his experiences as an LGBTQ+ individual in the field of accounting and his vision for the future of LGBTQ+ inclusion.

#shorts #golden #handshake #wallstreetmojo What is Golden handshake? | MUST WATCH | WALLSTREETMOJO What is a golden handshake? Companies enter a clause in their employees' employment contracts that the company shall pay the employee a certain amount when they leave the company and are employed no longer by the company. To know more about it, check out our youtube video. https://studio.youtube.com/video/SmbFWa-ruDU/edit?c=UChlNXSK2tC9SJ2Fhhb2kOUw ========================================================================== 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

As first responders, accountants help many organizations and individuals with managing risks and financial unknowns. The pandemic added new challenges to the accounting profession, causing professionals to adapt and grow. Challenges transformed into opportunities of growth.

In our first episode of GAAP Chats, hosts Mike Walworth and Chris Brundrett provide listeners with an overview of non-GAAP financial measures, the number one issue noted by the SEC in their comment letters to registrants.

In this video, you will be introduced to circuit breakers in stock market. #circuitbreaker #stockmarket #wallstreetmojo #tradinghalt #s&p500 Chapters: 00:00 – Introduction 00:54 – What is a circuit breaker? 01:41 – History 02:34 – Why is a circuit breaker needed? 03:27 – Conclusion What is a circuit breaker? A circuit breaker in the stock market halts trading temporarily in case the price falls too much. It’s to prevent panic selling stocks within a very short period, say within minutes. So circuit breakers stop trading for a specified period so that accurate information can flow into the market within that time so that speculation stops. History In 1987, the Dow Jones Industrial Average, a market index of the US stock market, crashed almost 22% in two trading sessions, followed by a complete market crash. Then in 2013, the SEC introduced new rules for market-wide circuit breakers. (Explained in detail in the video) Why is a circuit breaker needed? A stock might lose most of its value in the stock market if many investors keep selling it for no viable reason. This low price might not reflect the stock’s fundamental value, usually derived from the financial statements, growth perspective, etc. What this’ll do that it’ll cause every investor to look at the stock with a negative bias, as all they’ll see is that the price is just falling. (Explained in detail in the video) This was all about circuit breakers. Subscribe to the channel, like the video, and share it with others. ========================================================================== 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

Companies sometimes use stock repurchases to increase their earnings per share. This video examines how a share repurchase would affect earnings per share in 3 difference scenarios: Example 1: the company repurchases common shares Example 2: the company repurchases common shares and incurs an excise tax on the repurchase Example 3: the company repurchases preferred shares, thereby decreasing the total dividend paid to preferred shareholders Introduction 0:00 Example 1 (repurchase of common shares) 0:57 Example 2 (repurchase of common shares with excise tax) 3:33 Example 3 (repurchase of preferred shares) 7:06 — 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

#shorts # gamblerfallacy # gambler #fallacy #wallstreetmojo What are examples of Gambler’s Fallacy? | MUST WATCH | WALLSTREETMOJO The gambler’s fallacy is a false belief that something that happened in the past will influence something that happens in the present, even if the two events are independent. This concept is also known as the "Monte Carlo fallacy." To know more about it, check out our youtube video. https://studio.youtube.com/video/9EeA1W9-7zo/edit?c=UChlNXSK2tC9SJ2Fhhb2kOUw ========================================================================== 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