In this video, you will learn everything you need to know about market orders and limit orders.#marketorder #limitorder #wallstreetmojo #orderexecution #financialmarketsChapters:00:00 – Introduction00:26 – What are market order and limit order?01:15 – Examples02:08 – Key differences03:34 – ConclusionWhat are market order and limit order?Market orders will allow you to buy or sell financial assets in the financial market at the market price that’s being traded at that time.(Explained in detail in the video)On the other hand, limit orders will allow you to buy or sell at a higher or lower price than the current market price.ExamplesWe have taken a couple of examples in the video to explain the concept of market order and limit order in a better way. So check out the examples part in the video.(Explained in detail in the video)Key differencesWhen you place a market order, the buy or sell order will get executed instantly. However, limit orders will be executed only after the price reaches the specified level.(Explained in detail in the video)Market orders may not get your order filled at the best price, but in a limit order, you will get to buy or sell only at the price that you have specified.There may be liquidity issues with limit orders. That’s why you cannot limit orders to buy or sell thinly traded stocks, unlike market orders.Market orders usually have low brokerage fees compared to limit orders.(Explained in detail in the video)You can place stop loss using limit order but can’t do the same with market orders.This was all about market orders and limit orders. Subscribe to the channel and give this video a like.==========================================================================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
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!
An S corporation files its tax return on Form 1120-S. Each shareholder receives a Form K-1 from the S corporation. K-1s report each shareholder’s allocation of income, losses, and other financial information from the business. The shareholder includes Form K-1 information on their individual tax return.Watch the full video for all details.At Fusion CPA we strive to help owners of S-Corporations follow IRS and GAAP guidelines for determining and reporting wages. Our CPAs and financial advisers offer outsourced accounting services, including bookkeeping, payroll, financial planning, and tax preparation.Get in touch to schedule a Discovery Call with our Team- https://www.fusiontaxes.com/contact-us/Keep reading:https://www.fusiontaxes.com/thought-leadership/blog/everything-you-need-to-know-about-tax-for-s-corps/https://www.fusiontaxes.com/services/taxes/——Disclaimer: This video is not intended to be the rendering of legal, accounting, tax advice, or other professional services. Info is based on current or proposed tax rules at the time published, and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this video as well as the use or interpretation of this information. Information provided on this channel is not all-inclusive and such information should not be relied upon as being all-inclusive.
In this video, you will learn about loss aversion bias and how you can avoid it.#lossaversionbias #lossaversion #wallstreetmojo #bias #behavioralfinanceChapters:00:00 – Introduction00:30 – What is loss aversion bias?01:38 – Why is understanding loss aversion important?02:29 – Myopic loss aversion03:00 – How to avoid loss aversion?05:02 – ConclusionWhat is loss aversion bias?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.It happens because the fear of losing money is greater than the joy of making money, instantly making one averse to the loss.Why is understanding loss aversion important?Whenever we buy or sell anything, we often try to do it logically right. But once this concept of loss aversion comes in, we need to question how logical and rational our decisions were.That will be possible only if you know about these biases that can cloud your judgment in the first place.Myopic loss aversionMyopic loss aversion is another bias in which people lose sight of the big picture due to any big event. This mostly happens with people in investing and trading.How to avoid loss aversion?The loss aversion bias is subconsciously ingrained in our minds that we always try to averse losses no matter what decisions we try to make.Entirely avoiding losses is not possible. But we sure can try and reduce its effects.Give equal importance to winning as losing, and secondly, know when to quit and for what reasons to quit. Get these two things right, and you’ll save yourself from the loss aversion bias to a great extent.This was all about the loss aversion bias. So don’t forget to give this video a like and also subscribe to the channel so that you don’t miss out on our videos.==========================================================================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
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Close Captioning has been auto-generated.The initial guidance for 529 plans was issued back in 2005. Since then, there have been significant changes to how plans are run. The AICPA’s Professional Ethics Executive Committee had received feedback and in the Work Plan looked at reevaluating the area. In September 2022, they issued a technical correction (https://us.aicpa.org/content/dam/aicpa/interestareas/professionalethics/community/exposuredrafts/downloadabledocuments/2022/section529technicalcorrection.pdf) to make the safeguard easier to apply for holders of 529 plan investments.Do you think the technical correction goes far enough with respect to the changes to the safeguard?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/
After the auditor has set the achieved level of control risk and determined the risk of material misstatement, the auditor can adjust detection risk. The auditor can decrease detection risk by increasing the nature, timing, and extent of the substantive procedures to be performed.There are two types of substantive procedures: analytical procedures and tests of details.Analytical procedures substantiate accounts or disclosures by comparing recorded amounts (or ratios derived from recorded amounts) with the auditor’s independent estimates for those amounts. The auditor arrives at independent estimates by examining relationships between accounts (both financial and nonfinancial) to see if they are plausible. As part of this process, the auditor would:• Compare financial information to information from comparable prior periods• Compare financial information to budgeted information• Examine relationships between related accounts during the period• Compare financial information to the industry average• Compare financial information with nonfinancial informationThere are two types of tests of details: tests of transactions and tests of account balances. Tests of transactions are designed to detect fraud or errors in individual transactions. An example would be vouching a sample of journal entries from the purchases journal back to the respective purchase orders, receiving reports, and invoices to verify occurrence. Tests of account balances, on the other hand, verify the ending balances of accounts. An example would be confirming accounts payable balances with vendors to determine whether the ending balance for accounts payable is fairly stated. After the substantive procedures have all been performed, the auditor will calculate the aggregate misstatement for accounts payable and related accounts. If the aggregate misstatement is less than or equal to the tolerable misstatement, the auditor will conclude that accounts payable and related accounts are fairly presented. If the aggregate misstatement is more than the tolerable misstatement, the auditor will conclude that accounts payable and related accounts are not fairly presented. In that case, the auditor would want the client to make an adjusting journal entry. 0:00 Introduction0:28 Substantive procedures and detection risk0:49 Types of substantive procedures2:01 Analytical procedures4:33 Tests of details (tests of transactions)8:26 Tests of details (tests of account balances)10:15 Confirmations of accounts payable11:41 Comparing the aggregate misstatement to the tolerable misstatement13:13 Auditing disclosures— 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
In this video, you will learn about the risks and strategies pertaining to high-frequency trading.Chapters:00:00 – Introduction00:28 – Risks of high-frequency trading01:26 – High-frequency trading strategies02:30 – How fast is high-frequency trading?03:15 – Is it fair to trade this fast?04:00 – ConclusionRisks of high-frequency tradingHFTs rely a lot on machines that aren’t infallible. Also, if there is even a minor infrastructure issue, the HFT can incur huge losses.Traders in HFTs usually trade n large quantities and look to capture small price movements. Even a few cents of price movement can decide whether the trader wins or loses.(Explained in detail in the video)High-frequency trading strategiesHFT strategies are usually based on arbitrage opportunities, market-neutral strategies, or mispricing of financial assets. There are several strategies firms use to generate profits, often trying to hide their edge.How fast is high-frequency trading?Performing analysis for any trade might take hours, and executing the trade could take a couple of minutes. But you know what? HFTs can do all of this in a matter of milliseconds.(Explained in detail in the video)Is it fair to trade this fast?Critics claim that HFTs give big players an unfair advantage over smaller firms that cannot afford to set up HFTs. The 2010 Flash Crash was even said to be caused by HFTs.If seen purely from a legal perspective, then HFTs are valid. But regulators are worried that the superior technology gives the big players the power to manipulate markets.==========================================================================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
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In this video, you will learn everything you need to know about limit orders.#limitorder #financialmarkets #wallstreetmojo #marketorder #stockmarketChapters:00:00 – Introduction00:24 – What is the limit order?01:25 – Examples02:27 – Advantages03:02 – Disadvantages03:39 – Important points to note04:09 – Conclusion(Explained in detail in the video)What is the limit order?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.(Explained in detail in the video)A buy limit order would be placed by specifying a price level below the current market price. A sell limit order would be placed by specifying a price level above the current market price.Once the price reaches the specified level, the order will be executed.(Explained in detail in the video)ExamplesWe have taken a couple of examples in the video to help you better understand limit orders. So make sure you watch the examples part in the video.AdvantagesIt allows traders to buy or sell stocks or other financial assets at the exact price they want.Buying or selling through market orders might sometimes be unfavorable in a volatile market. So limit orders protects traders during such market conditions.It might not be possible for investors to keep track of price movements regularly. So what they can do is they can place limit orders and leave the rest on the price.DisadvantagesLimit orders do not guarantee that the buy or sell order will go through.Limit orders are not straightforward orders like market orders. As a result, brokers may sometimes charge more brokerage or fees for limit orders.Important points to noteThere are certain limitations with limit orders in terms of liquidity and execution of these orders.If you are looking to use limit orders in the financial markets, then do so only after you thoroughly know about it.==========================================================================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
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