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The accounting for investments in equity securities has changed. No more annoying acronyms like "AFS" or "OTTI". Are you up-to-speed on the new requirements? No worries, we've got you covered! This CPE-eligible, eLearning course (1.0 CPE) covers the accounting and reporting requirements for investments in equity securities and other ownership interests in an entity within the scope of ASC 321 Investments – Equity Securities. This online course discusses the scope of ASC 321 and the accounting for investments in equity securities with readily determinable fair values. What if the fair value of the investment is not readily determinable? We cover that too, specifically the measurement alternative within ASC 321 and the requirements for its use. This is the second course in our 2-part accounting for investments training series. Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/61/investments-equity-securities Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn/catalog Subscribe to GAAP Dynamics to see more videos like this!

#digitalcurrency #virtualcurrency #cryptocurrency #oldmoney #newmoney This video is on Difference between digital currencies, virtual currencies, and cryptocurrencies description. Chapters: 00:00 – Introduction 00:34 – What are digital currencies? 01:22 – What are virtual currencies? 01:59 – How much is a virtual currency worth? 02:31 – What are cryptocurrencies? 02:40 – How many parties are involved in a cryptocurrency transaction? 03:10 – What are the Examples of cryptocurrency? 03:33 – Comparision between digital currencies, virtual currencies, and cryptocurrencies 04:25 – Conclusion (Explained in detail in the video) Till the early ‘90s, gold was the currency of the world. Then, this system of gold as a currency replaced bank notes. And now, we have seen the rise of digital currencies, virtual currencies, and of course, cryptocurrencies. To understand the difference between digital, virtual, and cryptocurrency, you’ll first need to know what they are. (Explained in detail in the video) What are digital currencies? Digital currency is simple. Instead of paying in cash or coins for any transaction, you transfer the money to the other person’s bank account. This process makes the entire money transactions procedure very efficient, quick, and convenient. What are virtual currencies? Digital currencies comprise notes and coins issued by banks. Whenever you send money to another person, the bank facilitates this transaction and is the third party involved. Banks do not issue virtual currencies, but rather people create them. (Explained in detail in the video) If you send virtual currency to someone else or receive it, no third party is involved in the transaction. Cryptocurrency is an example of a virtual currency. (Explained in detail in the video) What are cryptocurrencies? Cryptocurrencies are virtual currencies created by people on a decentralized blockchain network. You can send and receive cryptocurrencies without the bank getting any information about your transactions. (Explained in detail in the video) Bitcoin, Ethereum, Dogecoin, etc., are all examples of cryptocurrencies. Comparing all three First, there was normal money in the form of banknotes and coins. Then, we did transactions by exchanging notes and coins. (Explained in detail in the video) Then came digital currencies, where people could make money transactions digitally. But the issue that people found with this was that the system depended on banks. So hence, virtual currencies came up. (Explained in detail in the video) With virtual currencies, people can send money to whoever they want without the bank overseeing the transactions. Cryptocurrencies are an example of virtual currency built on blockchain technology. (Explained in detail in the video) We regularly post such content, so subscribe to the channel if you don’t want to miss out on it. Also, don’t forget to like the video, comment, 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

Dedicated to bridging the gap between two powerful industries so that you can better serve your firm and clients as a leader and adviser. #aicpa #cima #conferences2022 #Construction #realestate

Dedicated to bridging the gap between two powerful industries so that you can better serve your firm and clients as a leader and adviser. #aicpa #cima #conferences2022 #Construction #realestate

Quality and ethics are the hallmark characteristics of the accounting profession. Recently enacted and proposed updates to the …

#moneylaundering #dirtymoney #wallstreetmojo #taxhavens #financialcrime In this video, we will cover Money Laundering: Examples and Prevention. We have covered the introduction and stages of money laundering in our previous video. Chapters: 00:00 – Introduction 00:22 – Some examples of money laundering 02:07 – How to prevent money laundering? 02:29 – No. 1 – Making it a crime in the first place 02:49 – No. 2 – Build sound legal frameworks 03:21 – No. 3 – Integrating different governmental departments 03:49 – No. 4 – Countries cooperating 04:20 – Conclusion (Explained in detail in the video) Some examples of money laundering Pablo Escobar used to earn tons of money through his drug cartel in Mexico. He laundered his money by starting a taxi company on paper and making his drug money seem like it was coming from the taxi business. (Explained in detail in the video) There have been various reports of drug and arms dealers opening businesses or shell companies in tax haven countries like the Cayman Islands to launder their money. The criminals then set up fast food chains and all sorts of companies that have high cash flow. (Explained in detail in the video) They would then send all this money back to the bank accounts set up in the tax haven countries in the name of the shell companies. How to prevent money laundering? Making it a crime in the first place Countries, where money laundering isn’t yet a crime should first pass laws to declare it as a crime. (Explained in detail in the video) Build sound legal frameworks One can do this by strengthening the existing legal system by bringing stricter rules and policies that people and companies must follow. Integrating different governmental departments The friction and non-cooperation between several governmental departments sometimes make it difficult to crack down on money laundering. (Explained in detail in the video) What the governments should do here is to increase the cooperation between such departments and make them work in tandem. Countries cooperating The criminals have now become smart. They don’t launder their money in a single country now. (Explained in detail in the video) They make sure to have multiple countries involved and benefit from the lack of smooth communication among countries. That’s why all countries have to come together and form a network where they can share information and help prevent money laundering from happening and causing damage. (Explained in detail in the video) So, In this video we covered Money Laundering: Examples and Prevention. We have covered introduction and stages of money laundering in our previous video. So do check that video if you have not yet. We hope you have learned much from this video. If you think you did, show it to us by liking the video, commenting, and sharing it with others. We post videos on such topics regularly, so if you don’t want to miss out, subscribe to the channel. ========================================================================== 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

Days sales in inventory (DSI) is the number of days it takes a company to sell its inventory. Days sales in inventory is also called days to sell inventory, inventory days, days sales of inventory, and inventory days. Days sales in inventory is calculated by dividing 365 by the company’s inventory turnover: Days sales in inventory = 365 / inventory turnover Inventory turnover = cost of goods sold / average inventory Days sales in inventory (DSI) is inversely related to inventory turnover. A low DSI means high inventory turnover (good for the company). A high DSI means low inventory turnover (bad for the company). To sign up for the email list, click here: http://eepurl.com/dIaa5z To support me on Patreon, click here: https://www.patreon.com/prof_mclaughlin 0:00 Introduction 0:06 How to calculate DSI 0:26 Don't use ending inventory 0:45 Example of DSI calculation 1:38 Inverse relation of DSI to turnover 1:52 Benefits of low DSI 2:11 Disadvantages of high DSI 2:28 Free PDF guide and Excel file — 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

What is an entry-level accounting job that I recommend if you don't have A bachelor's degree in accounting? #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

In this video, you will learn about money laundering, the Introduction to money laundering and the Stages of it. #moneylaundering #dirtymoney #wallstreetmojo #taxhavens #financialcrime Chapters: 00:00 – Introduction 00:31 – What is money laundering? 00:46 – Dirty money 01:27 – Cleaning of dirty money 01:27 – What is Clean money 01:59 – Why is money laundering is bad? 02:06 – No. 1 – Encourages criminals to keep going 02:32 – No. 2 – Harms the society 02:56 – No. 3 – Harms the Economy 03:33 – Stages of money laundering 03:50 – No. 1 – Placement 04:24 – No. 2 – Layering 05:06 – No. 3 – Integration 05:46 – Conclusion What is money laundering? Criminals like Pablo Escobar and ElChapo earn their money through crimes and get their money put into the system through money laundering. So, money laundering is getting dirty money cleaned and put into the system, making it seem like clean money. Dirty money Dirty money is something acquired through illegal means. People who get dirty money cannot show it to the authorities, or they will catch them. Cleaning of dirty money To get dirty money in the bank accounts, they must make it seem clean or legally acquired. Hence, the dirty money gets cleaned. Clean money There are many ways through which one can clean such dirty money. Once cleaned, the money is clean and can be put back into the system without tracing its origins. (Explained in detail in the video) Why is money laundering is bad? Encourages criminals to keep going Once criminals know that their dirty money can be cleaned and put back into the system as clean money, they realize there are no consequences to what they do. Hence, they continue their crimes. Harms the society These criminal activities are only harming society and putting loads of money into the pockets of the criminals. Harms the economy Any harm to society will directly harm the economy. Money laundering covers tax frauds, embezzlements, theft, and other illegal economic activities. (Explained in detail in the video) Stages of money laundering Placement The dirty money is first transferred into a bank account, mostly abroad, in those banks with very strict privacy policies. Layering The money is then divided into chunks and sent into accounts in various countries to make it hard to track by authorities. Integration The money must be brought back into the system and shown as legal. This is done by setting up a business with high cash flow on paper, and the money can be made legal through such tactics. (Explained in detail in the video) So, in this video we covered introduction and stages of money laundering. We hope you have learned much from this video. If you think you did, show it to us by liking the video, commenting, and sharing it with others. We are having another video on Money Laundering: Examples and Prevention . So do subscribe to our channel if you have not yet! We post videos on such topics regularly, so if you don’t want to miss out, subscribe to the channel. ========================================================================== 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 Hashtags: #moneylaundering #taxevasion #taxhavens #taxfrauds #financialcrime #druglords #dirtymoney #drugmoney #illegalmoney #shellcompanies

Join us on Nov 14 – Nov 16, 2022 for the AICPA & CIMA Expert Witness Skills Workshop and learn how to combine confidence, credibility, and authority with a command of the courtroom. Register before August 30 & save $100! #aicpa #cima #expertwitnessskillsworkshop #aicpaconferences

Join us on Nov 14 – Nov 16, 2022 for the AICPA & CIMA Expert Witness Skills Workshop and learn how to combine confidence, credibility, and authority with a command of the courtroom. Register before August 30 & save $100! #aicpa #cima #expertwitnessskillsworkshop #aicpaconferences