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Resources for Accountants

Golden handshake: Easy explanation [Video]

In this video, you will learn what a golden handshake is and some pros and cons of it. #goldenhandshake #employeebenefit #wallstreetmojo #compensation #severancepackage Chapters: 00:00 – Introduction 00:49 – What is a golden handshake? 01:25 – Why do companies have the golden handshake? 01:40 – To convince people to take the risky senior roles 02:05 – To compete with other companies in terms of compensation offered 02:33 – To provide financial stability to employees during unemployment 03:06 – Downsides to the golden handshake 03:14 – Not based on performance 03:46 – Conflict of interest 04:11 – Golden shove 04:44 – Golden handshake vs Golden handcuffs 05:22 – Conclusion (Explained in detail in the video) 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. The employee can leave for any reason, and the compensation can be in any form. (Explained in detail in the video) Why do companies have the golden handshake? To convince people to take the risky senior roles. Senior roles in companies come with many responsibilities and require a certain level of risk-taking. (Explained in detail in the video) Many people may not be up for it. That’s why companies provide additional compensation for such roles. (Explained in detail in the video) To compete with other companies in terms of compensation offered. Employees can always get better offers from other companies, and there is always the risk of them joining rival companies. Hence, companies can have a golden handshake with their employees to convince them to stay. (Explained in detail in the video) To provide financial stability to employees during unemployment. Employees who leave the company will not have a salary to live on. The compensation received from the golden handshake can pay the bills while they can look for another job. (Explained in detail in the video) Downsides to the golden handshake Not based on performance The golden handshake does not consider performance. Therefore, even if employees perform badly, they can still walk away with the golden handshake compensation. (Explained in detail in the video) Conflict of interest The golden handshake clause in the employment contract may not encourage employees to perform better, leading to conflict of interest. (Explained in detail in the video) Golden shove Companies may use the golden handshake to make employees leave the company. (Explained in detail in the video) Golden handshake vs. golden handcuffs In a golden handshake, compensation is given to the employee when they leave the company. In golden handcuffs, compensation is given to the employee to remain in the company and not leave. (Explained in detail in the video) So, this was all about the golden handshake, and we hope you liked the video. So, show it to us by liking the video, commenting, and sharing it. Don’t forget to subscribe to the channel so that you don’t miss out on such videos we post regularly. ========================================================================== 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

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Resources for Accountants

How to Make Money Online Fast and Easy | Best Internet Business Ideas [Video]

Discover How to Make Money Online Fast and Easy. Go to https://www.bizmove.com to get a free business plan template, plus dozens of tools for managing and starting a business, featuring dozens of templates, books, worksheets, tools, software, checklists, videos, manuals, and spreadsheets. All completely free, no strings attached. Also see here how I managed to save hundreds on car insurance (my dirty little trick): https://www.bizmove.com/auto-car-insurance.

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Resources for Accountants

How To Create A Cap Table. Capitalization Table Overview [Video]

Step by step guide on how to create the Capitalization Table. 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=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

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Resources for Accountants

The Future Of Bookkeeping Beyond Debits & Credits w/ Laura Shepherd [Video]

This week, Roger interviews Laura Shepherd, accounting professional & owner of My Top Bookkeeper, a platform that offers full-charge bookkeeping services. Roger and Laura discuss accounting and bookkeeping as she shares her 8-step accounting process that can be used to market and sell accounting services, and the benefits that accountants and bookkeepers can experience while using this process & much more. Perhaps it is time we consider ways to simplify accounting for our clients to help more of them use the information we are providing to more intelligently run their businesses. Your Host: Roger Knecht, president of Universal Accounting Center Guest Name: Laura Shepherd Laura Shepherd is the owner My Top Bookkeeper. My Top Bookkeepers provide full-charge bookkeeping services by using the Accounting Cycle and GAAP guidelines to produce, explain and substantiate our results. That’s a fancy way of saying that when it comes time to put your financials in front of your CPA, lender, investor, IRS, etc, you can have confidence in the results because we know they are right. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth. Offers: Take a moment and do a self -assessment of your accounting knowledge, technical skills and business experience. This is quick and easy but also informative: https://forms.gle/AQdGLFY4LBUADvdr8 Benchmarking a business’ financial performance to it’s industry standards can be very helpful to find areas of improvement within a company. See what you can do as an accountant to leverage this powerful tool as you work with your clients. BizBench may be the solution you need to take your client relationship to the next level. See how accounting professionals are using this report with their clients today: https://bizbench.com/# Become a profit & growth expert The Profit & Growth Expert (PGE) designation is unique within the accounting profession as it demonstrates proficient skills necessary to offer quality accounting services coupled with with CFO and Advisory work. See what you can do to increase your average revenue per client while improving your client relationships and retention as a Profit & Growth Expert. Get a FREE copy of these books that all accounting professionals should use to work on their business and become profitable. These are a must-have addition to every accountant’s library to provide to have the premier accounting business today: “in the BLACK, nine principles to make your business profitable” – e-book “Red to BLACK in 30 days – A small business accountant’s guide to QUICK turnarounds” – the how-to-guide e-book for accounting professionals For Additional FREE Resources for accounting professionals check out this collection HERE! Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don’t want to miss. Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe. Also, let us know what you think of the podcast and please share any suggestion you may have. We look forward to your input: Podcast Feedback For more information on how you can apply these principles in your business please visit us at www.universalaccountingschool.com or call us at 801.265.3777

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Resources for Accountants

Gamblers Fallacy: Easy explanation. [Video]

In this video, you will learn about Gambler’s fallacy, its reason, and how to avoid falling for it. #gamblersfallacy #casino #wallstreetmojo #investing #trading Chapters: 00:00 – Introduction 01:33 – What is the gambler's fallacy? 02:05 – Why does gambler's fallacy happen? 02:36 – What is the coin toss example of gambler's fallacy?. 03:58 – What are the Real-life examples of gambler's fallacy? 05:07 – How to avoid the gambler’s fallacy? 05:21 – Conclusion (Explained in detail in the video) Say that you are in a casino and see that the ball has landed on a red number 10 times in a row. You bet money on the ball to land on a red number, but the ball lands on black. You bet money on red again, but the ball again lands on black. (Explained in detail in the video) This cycle goes on 27 times, after which it finally lands on red, but you have already lost all your money. So what went wrong? You fell for the "Gambler’s Fallacy." (Explained in detail in the video) What is the gambler’s fallacy? 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." (Explained in detail in the video) Why does it happen? The human mind is very tricky and smart. It tries to figure out patterns in the occurrence of events and predict what will happen next. Sometimes this might work, but sometimes events may be so random that we can deduce no good patterns from them. Instead of trying to decide the outcome based on past events, you should rather play the odds. (Explained in detail in the video) How to avoid the gambler’s fallacy? Knowing about it first is the best way to avoid falling for this fallacy. Once you know what the fallacy is and why it happens, the next time you make any decision, you should ask yourself if you are doing that because of Gambler’s fallacy, or are you doing it based plainly on the odds? (Explained in detail in the video) So, this was all about the gambler’s fallacy, and we hope you learn a lot from this video. So, show it to us by liking, commenting, and sharing this video. Also, don’t forget to subscribe to the channel if you don’t want to miss out on such videos we post regularly. ========================================================================== 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

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Resources for Accountants

Inherent Risk and Control Risk for Purchasing [Video]

After identifying the significant accounts and relevant assertions, the auditor should assess the risk of material misstatement.The auditor thus needs to:• Assess inherent risk for accounts payable, as well as for purchase transactions and cash disbursement transactions• Assess control risk for accounts payable, as well as for purchase transactions and cash disbursement transactionsOnce the auditor knows both the inherent risk and the control risk for accounts payable and purchasing and cash disbursement transactions, the auditor knows the risk of material misstatement (RMM).A high RMM means the auditors will need to set detection risk lower to achieve an acceptable level of audit risk.0:00 Introduction0:36 Inherent risk2:42 Control risk5:38 Risk of material misstatement7:00 RMM and detection risk— 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

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Resources for Accountants

Follow-on public offering: Easy explanation [Video]

This video will teach FPO, their types, and why companies have FPOs. #ipo #fpo #wallstreetmojo #shares #stocks Chapters: 00:00 – Introduction 00:40 – What is an FPO? 01:24 – Examples of FPOs 01:54 – Types of FPOs 01:59 – Dilutive FPO 02:26 – Non-Dilutive FPO 02:48 – Reasons for FPO 03:00 – Reason for FPO: To clear debt 03:31 – Reason for FPO: To reduce control of debtors 03:54 – Reason for FPO: To raise more capital 04:12 – Conclusion (Explained in detail in the video) When a company wants to go public and raise capital from the general public, it has an IPO. But, if the company wants to raise more capital after the IPO, it would have an FPO. (Explained in detail in the video) FPO stands for Follow-On Public Offering. IPO and FPO both happen in the primary market while the stock market makes the secondary market. (Explained in detail in the video) Examples of some FPOs In 2018, PolarityTE, which has the ticker COOL on Nasdaq, issued an FPO for about $55 million of equity shares. In 2019, a Chinese company, Huya, completed an FPO of $343 million. (Explained in detail in the video) Types of FPOs There are mainly two types of FPOs based on what kind of shares the company offers, Dilutive FPO and Non-Dilutive FPO. If a company brings in new shares and offers them in the FPO, it is a "Dilutive FPO." On the other hand, if the company is offering already existing shares in the FPO, it is a "Non-Dilutive FPO." (Explained in detail in the video) Reasons for FPO A company would do that for a couple of reasons. To Clear Debt It is very common for companies to take debt to grow, but sometimes the debt may become a burden for them. Hence, companies may raise capital through FPO to pay their debt and reduce liabilities. (Explained in detail in the video) To Reduce Control of Debtors When a company takes debt, the debtors may restrict the company and limit their risk-taking activities. Hence, companies raise capital through FPO, pay back the debt, and regain control over the company's affairs to reduce the debtor's control. (Explained in detail in the video) To Raise More Capital Companies raise capital through IPOs for future expansions and business plans. At times, the capital raised in the IPO may not be enough for them, and they need to have an FPO to raise more capital. So, this was all about "Follow-On Public Offering," and we hope you liked the video. We come up with such videos regularly. If you don't want to miss out on those, subscribe to the channel. Also, don’t forget to like the video and comment on which topics you would like to have a video on. ========================================================================== 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

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Resources for Accountants

Transfers of Financial Assets [Video]

So, you’ve transferred a financial asset…or at least you thought you did…? ASC 860¸ Transfers and Servicing requires certain criterion to be met for a transfer to be accounted for as a sale. If these criterion are not met, then the “transfer” is a secured borrowing. The concept of “control” is key to determining how to account for a transfer under ASC 860. This course discusses common forms of transfers, how to identify them, concepts of control, and the accounting treatment.Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/316/transfers-of-financial-assetsLearn 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!

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Resources for Accountants

How to Increase Profits and Sales in Your Business | How to Make Your Business More Profitable [Video]

Discover How to Increase Profits and Sales in Your Business. Go to https://www.bizmove.com to get a free business plan template, plus dozens of tools for managing and starting a business, featuring dozens of templates, books, worksheets, tools, software, checklists, videos, manuals, and spreadsheets. All completely free, no strings attached. Also see here how I managed to save hundreds on car insurance (my dirty little trick): https://www.bizmove.com/auto-car-insurance.

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Resources for Accountants

Robert Materazzi of Lukka discussing Digital Assets, how his Firm helps the Ecosystem Grow [Video]

Subscribe to Beryl Elites YouTube channel for future videos and updates ! Rober Materazzi, CEO of Lukka interviewed by Clair McCall of The Beryl Consulting Group.Some salient points from the interview: “Lucca is a institutional software and data company that supports any business that has crypto on their balance sheet.” “We primarily support crypto funds through fund administrators or fund auditors who are customers of our software and or our data products depending on what audit processes they’re working on … we support over 400 active crypto funds .. we’re the only provider that that actually built our software with AICPA sock controls.” “We service a number of big traditional corporations as well .. and we’re seeing a ton of the traditional financial institutions launch various different types of businesses to support crypto, none of that seems to have slowed at all despite the market conditions .. we’ve been working with the crypto native companies, crypto exchange, OTC desks, market makers.” “Most of our risk is the operational and the technology risk, which is um absolutely paramount that we get right so that our customers can rely on our services and the calculations and everything that we do with our products.”Beryl Elites Global Investments & Innovations Conferences encompass traditional institutional finance, alternative investments, fintech, alternative data, digital assets, and geopolitics. It features high-octane discussions, networking and entertainment in congenial ambiance. Visit the Beryl Elites Knowledge Center at berylelites.com/bkc for more primary sources and Beryl-ROI Curated Industry News at https://berylelites.com/beryl-roi-news Copyright 2022 The Beryl Consulting Group. All Rights Reserved.

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Resources for Accountants

Dotcom bubble -Simple Explanation [Video]

#dotcom #bubbleburst #wallstreetmojo #markets #stockmarketsThis video is about Dotcom bubble burst in the US financial markets in year 2000. Why did this happen, and how did this happen? You’ll find all answers in this video.Chapters: 00:00 – Introduction 00:47 – What is dotcom bubble?01:30 – Why did the bubble burst?01:50 – What caused the dotcom bubble, what was the internet startup craze before Dotcom burst of 2000?02:35 – What do we mean by Herd mentality?03:10 – What speech did Alan Greenspan gave that was a reason for dotcom burst?03:43 – What was Taxpayer relief act, 1997?04:19 – What happened during bubble crash?04:44 – What happened after year 2000 bubble burst?05:37 – How can we avoid having similar situation like Dotcom bubble burst of Year 2000?07:07 – Conclusion (Explained in detail in the video)Dotcom bubble crash in year 2000 was so brutal that the Nasdaq Composite Index went from $5100 to $1100, wiping out all the gains it had made over the years.(Explained in detail in the video)What was the dotcom bubble?By the mid ‘90s, many internet companies came up, and things looked pretty good.The valuation of these internet companies had shot up by 400%.the Nasdaq Composite Index price went from a mere $320 to $5100 in just a decade.(Explained in detail in the video)But then something happened in 2001 that all these companies, whose futures were looking bright, had their share prices crash by almost 80%.Why did the bubble burst?So with the prices going up and up year after year, a sort of bubble was created, and the internet companies were at the center of it.(Explained in detail in the video)Eventually, the overly inflated prices had to come all the way down, and the bubble had to burst.(Explained in detail in the video)How it happened:1. Starting up craze (Explained in detail in the video)2. Herd mentality: People following others without giving it a proper thought.(Explained in detail in the video)3. Alan Greenspan the then chairman of the US Federal Reserve, gave a speech that this internet hype was creating a bubble 4. Taxpayer relief act, 1997(Explained in detail in the video)5. The crashIt took ten years for the price of the Nasdaq Composite Index to go from $300 to $5100, but it only took two years to crash from $5000 to $1100.(Explained in detail in the video)6. AftermathDuring the bull trend, the valuation of almost every company was just soaring through the roof.After the crash, many companies went bust.The dotcom crash even caused a mild recession in the US at that time.(Explained in detail in the video)How can you avoid getting crashed?There are two things that you can do to save yourself from such a bloodbath:1. Accept negative outcomes2. Don’t fall for the hypeSo, this was all about market crashes and the dotcom bubble in particular.(Explained in detail in the video)What are your views on our video? Do share in the comment section below!Don’t forget to subscribe and vote a thumbs-up for our videos, it keeps us motivated to keep making such videos for you!==========================================================================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