![Take or pay Contract Clause: Introduction [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_14021_0_0jpg.jpg)
In this video, you will get introduced to a contractual clause known as taking or pay.#takeorpay #contractualclause #wallstreetmojo #contracts #clausesChapters:00:00 – Introduction00:42 – What is take or pay?01:58 – Working of the take or pay clause02:30 – Example03:53 – ConclusionWhat is take or pay?The take or pay clause basically stipulates a buyer takes the goods from the seller in exchange for the pre-determined amount. They must pay a fine if they refuse to take the goods.So what this contractual clause does is that it protects sellers in case the buyer refuses to honor the terms of the contract.It wouldn’t be fair if the seller spends all the time, money, and effort to get the goods ready, and then the buyer refuses to take delivery, and the seller will have to bear the costs.(Explained in detail in the video)Working of the take or pay clauseThe take or pay clause basically derives its name from the terms of the contract:Either take the delivery, orPay a fine if you don’t want the deliverySuch clauses are mostly used in contracts in the energy, oil, mineral, natural gas, and coal industries that require significant seller investments.ExampleWe have taken a hypothetical example in the video to give you a better understanding of the topic.So make sure you watch the example part in the video.This was all about take or pay in this introductory video. Look out for the second part. So don’t forget to subscribe to the channel.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo
![AICPA Town Hall Series November 17 Edition [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13997_0_0jpg.jpg)
AICPA Town Hall Series November 17 Edition
![Recency bias: Easy explanation [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13988_0_0jpg.jpg)
In this video, you will learn about a psychological bias known as recency bias and its application in finance.Chapters:00:00- Introduction00:35 – What is recency bias?01:44 – Example02:40 – How to overcome recency bias?04:50 – ConclusionWhat is recency bias?Recency bias is psychological or cognitive because people tend to make decisions based on recent events.(Explained in detail in the video)It leads to people frequently making emotional decisions based on recent or short-term events, and they neglect the bigger picture.The bias stems from how humans would rely on short-term memory to make sense of real-time events and how easy it is for people to believe that recent events influence future outcomes.(Explained in detail in the video)ExampleThe 2000 dotcom bubble was caused by people following the herd mentality and investing in internet companies.Everyone thought that since the stocks were going up, they would continue to increase. But, unfortunately, everyone fell for the recency bias, and we know what happened in the end.(Explained in detail in the video)How to overcome recency bias?Understand the marketsHave clear financial goalsBuild a strong portfolioHire a financial advisorHave a positive attitude(Explained in detail in the video)==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo
![Tackle your talent challenges with apprenticeships. [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13960_0_0jpg.jpg)
Apprenticeships can help solve challenges facing many businesses today, from developing and retaining existing employees to attracting new talent. Learn more about the Registered Apprenticeship for Finance Business Partners at aicpa.org/us-apprenticeship.
![Technical Q&A (TIS) Section 250: Ethics [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13951_0_0jpg.jpg)
Close Captioning has been auto-generated.The AICPA has issued 3 new questions and answers (https://us.aicpa.org/content/dam/aicpa/interestareas/professionalethics/resources/tools/downloadabledocuments/ethics-qa-section-250-02-04.pdf) around the implementation of the new Information System Services interpretation which will be effective in January 2023. The interpretation has been delayed twice—first due to COVID and then due to concerns around implementation. AICPA staff members recently met with concerned individuals to better understand the concerns and the Q&As address some of the larger concerns noted.Do you believe these Q&As will help reduce concerns over implementation?Watch all A&A Today videos at https://www.youtube.com/playlist?list=PLzz2wvHsZ2DNJ64dEWyHTq5BcvI1RALA-____________________________________________________________Subscribe for More CPA Video Updates https://www.youtube.com/user/WashingtonCPAs CONNECT WITH US: WSCPA https://www.wscpa.org FACEBOOK https://www.facebook.com/WashingtonCPAs LINKEDIN https://www.linkedin.com/company/353584 TWITTER https://twitter.com/WashingtonCPAs INSTAGRAM https://www.instagram.com/washingtoncpas/
![Consolidated Accounting under IFRS 10 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13948_0_0jpg.jpg)
Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent and its subsidiaries as those of a single economic entity. In this CPE eligible, eLearning course, you will learn about the process of consolidation including specific procedures to be performed to properly present parents and subsidiaries as one combined group in accordance with IFRS 10.Take our self-study eLearning course here: Coming soonLearn more about GAAP Dynamics: https://www.gaapdynamics.com/Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn/catalogSubscribe to GAAP Dynamics to see more videos like this!
![Consolidation Accounting under IFRS 10 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13945_0_0jpg.jpg)
Consolidated financial statements are financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent and its subsidiaries as those of a single economic entity. In this CPE eligible, eLearning course, you will learn about the process of consolidation including specific procedures to be performed to properly present parents and subsidiaries as one combined group in accordance with IFRS 10.Take our self-study eLearning course here: Coming soonLearn more about GAAP Dynamics: https://www.gaapdynamics.com/Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn/catalogSubscribe to GAAP Dynamics to see more videos like this!
![Prime brokerage: Easy explanation [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13942_0_0jpg.jpg)
In this video, you will learn about prime brokerage services provided by certain financial institutions.Chapters:00:00 – Introduction00:42 – What is prime brokerage?01:29 – Services offered by prime brokerage04:17 – Limitations05:14 – ConclusionWhat is prime brokerage?Prime brokerage generally refers to certain services provided by financial institutions to clients with complex financial needs.The institutions providing such services usually are investment banks like Goldman Sachs, Morgan Stanley, JP Morgan Chase, UBS, Barclays, HSBC, etc.These institutions provide these prime brokerage services to hedge funds, pension funds, institutional traders and investors, and other big market participants.Services offered by prime brokerageSecurities lendingRebate incomeCustodian serviceTrading servicesAnalytical servicesAbility to create productsAuthorization to securitize(Explained in detail in the video)LimitationsA limitation with the prime brokerage services concerning the products they create.Investment banks may misuse or missell such risky products that it does more harm than good in the long run.(Explained in detail in the video)This was all about prime brokerage. Don’t forget to give this video a like and also subscribe to the channel.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo
![A&A Update with Brad Muniz – 11/15/22 | IssuesWatch Podcast [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13936_0_0jpg.jpg)
Brad is joined by Frank Boutillette to discuss FASB’s joint venture proposal and crypto assets decision, the AICPA Enhanced Audit Quality Initiative areas of focus for 2023 and recent SEC updates.*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***Resources:• FASB Seeks Input on Proposed Improvements to Accounting for Joint Venture Formations – https://njcpa.org/stayinformed/hubs/topics/full-article/2022/10/27/fasb-seeks-input-on-proposed-improvements-to-accounting-for-joint-venture-formations• FASB Decides on Accounting Method for Crypto Assets – https://www.cpapracticeadvisor.com/2022/10/13/fasb-proposes-accounting-method-for-crypto-assets/71714/• What CPAs need to know about NFTs – https://www.journalofaccountancy.com/issues/2022/oct/what-cpas-need-to-know-about-nfts.html• AICPA resources on enhancing audit quality – https://us.aicpa.org/content/aicpa/eaq.html• SEC Adopts Rules to Enhance Proxy Voting Disclosure by Registered Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers – https://www.sec.gov/news/press-release/2022-198• NJCPA Accounting & Auditing Knowledge Hub – https://njcpa.org/hub/accounting • Join the NJCPA Accounting & Auditing Standards Interest Group – https://njcpa.org/groups ========================================Watch all IssuesWatch Podcast episodes at https://www.youtube.com/playlist?list=PLJ2syuG5TiiZOFQdURLJUDzGJVz17ZPthSUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS – https://www.youtube.com/c/njcpa?sub_confirmation=1LET’S CONNECT:NJCPA http://www.njcpa.orgFACEBOOK https://www.facebook.com/njscpaTWITTER https://twitter.com/njcpaLINKEDIN https://www.linkedin.com/grp/home?gid=165152INSTAGRAM https://www.instagram.com/thenjcpa
![Common Balance Sheet Mistakes [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13933_0_0jpg.jpg)
In this video I cover the most common Mistakes Accountants make with a balance sheetEnroll in the Controller Academy 🚀https://thefincontroller.com/p/controller-academyJoin me on Patreon and ask me your questions:https://www.patreon.com/TheFinController——————————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=101273467885666DISCLAIMER: 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
![What is Days Sales Outstanding? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13921_0_0jpg.jpg)
Days sales outstanding is the average number of days it takes a company to collect a customer receivable. In short, it’s the amount of time it takes to collect a credit sale. Days sales outstanding is also called the average collection period, and it can be calculated by dividing 365 by the company’s receivables turnover.Days Sales Outstanding = 365 / Receivables TurnoverDays Sales Outstanding can also be calculated by dividing average net accounts receivable by daily credit sales.Days Sales Outstanding = Average Net Accounts Receivable / Daily Credit SalesTo find the AVERAGE net accounts receivable, you just add the net accounts receivable from the beginning of the year to the net accounts receivable at the end of the year and divide by two. Note that the “net” accounts receivable is the amount of trade accounts receivable after subtracting the allowance for uncollectible accounts. To find total credit sales, you can usually just take the net sales figure from the company’s income statement. Unfortunately, some companies report a single sales figure that includes both credit sales and cash sales. In such cases, it might be impossible to calculate total credit sales.— 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
![Consolidation analysis under IFRS 10 [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/11/mp_13918_0_0jpg.jpg)
IFRS requires an entity that controls one or more other entities to present consolidated financial statements. IFRS 10 provides a framework for when an investee is controlled by its parent, which includes a series of sometimes complex considerations that often require a significant degree of judgment. In this CPE eligible, eLearning course, you will learn how IFRS defines control and the process in which an entity assesses whether it has control over an investee.