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Resources for Accountants

How accountants uphold a business financial reputation [Video]

Accountants are strategic business advisors who also work to protect the public interest. One way in which accountants achieve this is through upholding the financial reputation of an organization. The code of conduct that accountants must adhere to, along with their independence and objectivity, provides assurance to investors as they rely on disciplined financial statements to make informed decisions. #Accounting #Finance #Business #CPA #CMGA #CFO

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Resources for Accountants

PART 2- What is Inflation, causes and types! (Market Basics) [Video]

What is inflation -Part 2 Chapters: 00:00 – Introduction 00:29 – What causes inflation? 00:32 – What is Monetary Policy? 01:00 – What is Fiscal Policy? 01:54 – Types of Inflation. 01:58 – What is Cost-Push Inflation? 02:14 – What is Demand-Pull Inflation? 02:24 – What is Built-In Inflation? 02:50 – Conclusion In this video tutorial, we will discuss what is inflation, what is Monetary Policy, and what is Fiscal Policy. Types of Inflation, Cost Push Inflation, Demand Pull Inflation, Built-In Inflation, etc. Causes of inflation and its types What causes inflation? The monetary policy. This means that if, for some reason, there is excess money in the economic circulation, it will cause inflation. If there is more money in circulation, it means everybody is buying more goods and services. The demand of goods increases more than its production rate, thereby causing inflation. Fiscal policy. The fiscal policy generally tells us about the spending and borrowings of a government. You should be aware that currency fluctuations can lead to inflation. So, if our country's currency begins to fall, imports and exports of goods will become more expensive. So, producers and sellers will increase their product prices to compensate for the high imports and exports, leading to inflation. Types of inflation exists in an economy. 1. Cost-push inflation So the first type of inflation is the cost-push inflation, which occurs when the cost of production of goods increases. 2. Demand-pull inflation Demand-pull inflation occurs when the demand of certain goods increases at a faster rate than their production. 3. Built-in inflation here the economy is already in inflation, and people start to fear that it will remain so for a long time. And so they start to demand higher salaries to cope up with inflation because of which companies and governments have to further increase their costs of goods and services. And eventually, the inflation piles on and on. And that’s it for today. Don’t forget to subscribe to our channel and vote thumbs-up to our videos. And for more such explainers. Stay tuned to WallStreetMojo. #typesofinflation #causesofinflation #wallstreetmojo #costpushinflation#demandpullinflation #builtininflation #monetorypolicy #fiscalpolicy ========================================================================== 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

Integrated Reporting Explained [Video]

The International Integrated Reporting Council (IIRC) defines integrated reporting as, "a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time.” Integrated thinking is when a company considers the relationship between its business model and the different types of resources it uses to create value in the short, medium, and long term. Accounting financial statements provide a limited view of the company’s health and value creation process. Integrated reporting shows not just the profit but the impact on stakeholders and the environment. Accounting financial statements tell you about value created in the past, but integrated reporting tells you how value will be created in the future. Download International Framework: https://www.integratedreporting.org/resource/international-ir-framework/ Download Eskom's Integrated Report: https://www.eskom.co.za/wp-content/uploads/2021/08/2021IntegratedReport.pdf 0:00 Background 0:48 What is integrated reporting? 2:47 The integrated reporting framework 3:13 What are the 6 capitals? 4:44 How is an integrated report different from corporate social responsibility reports? 5:23 Is the integrated report a standalone report? 5:58 Benefits of integrated reporting 6:40 Costs of integrated reporting 6:56 Who issues integrated reports? 7:55 The future of integrated reports — 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 accessible to all people. — 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 * http://eepurl.com/dIaa5z — 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/

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Resources for Accountants

Are Retained Earnings REALLY “Retained”? 3 Things That Confused Me As An Accountant [Video]

In this video I talk about stories from my past where I was confused by Accounting concepts. ——————————- Get 30% off my Online Course on “Learn how to design and build KPIs and Financial Metrics for 2 example businesses” https://thefincontroller.com/p/learn-financial-metrics-kpis?coupon_code=LEARNKPIS30 🔥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

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Resources for Accountants

PART 1- What is Inflation and how to measure it! (Market Basics) [Video]

What is inflation -Part 1 Chapters: 00:00 – Introduction 00:34 – What is Inflation? 01:14 – How inflation affects our lives? 01:36 – Example of Inflation’s effects on our lives? 02:16 – Why Inflation is not always bad? 02:58 – How to measure inflation? 03:02 – What is Consumer Price Index or CPI? 03:15 – What is Wholesale price index or WPI? 03:33 – Conclusion In this video tutorial, we will discuss what is what is Inflation, how inflation affects our lives and its example, why Inflation is not always bad, how to measure inflation, what is Consumer Price Index or CPI & wholesale price index or WPI, etc. What is Inflation Inflation occurs when there is a sustained increase in the prices of goods and services that we use on daily basis, such as transportation, food, clothing, and so on. In general, inflation reduces your purchasing power. If you previously purchased 1 kg grocery with a 10$, you may now only purchase half of it with the same 10$ note due to inflation. There is an overall increase in the prices & not in one or two products. How does inflation affect our lives? Say, you buy 1kg of branded rice weekly from a grocery store. But due to inflation, you started to buy only ½ kg of rice weekly. First, your quality of life gets reduced. Second, the shopkeepers' overall sales get hampered, affecting their overall standard of living. Finally, the economy suffers because lesser purchases mean lesser taxes to the government. However, Inflation is not always the villain. This means inflation can be used to increase expenditure to promote a better tax flow in an economy. Many economists also believe that inflation can be used to prevent people from illegally hoarding large sums of money in the name of saving. I mean, who would hoard cash when its purchasing power is declining at the speed of knots. When it comes to measuring inflation, two indicators help us do so. Consumer Price Index or CPI: measures the rise in the prices of commodities related to daily consumer spending. Wholesale Price Index or WPI: measures the rise in the prices of goods and services sold by larger businesses to small businesses. Don’t forget to subscribe to our channel and vote thumbs-up to our videos. And for more such videos. Stay tuned to WallStreetMojo. #inflation #Consumerpriceindex #wallstreetmojo #wholesalepriceindex #cpi #wpi #stockmarketbasics ========================================================================== 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 a Good Presentation | Improve Presentation Skills [Video]

Discover How to Make a Good Presentation. Improve Presentation Skills. 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

PART 2- Face Value, Book Value & Market Value (Stock Market Basics) [Video]

PART-2: Face Value, Book Value & Market Value Chapters: 00:00 – Introduction 00:35 – What is Market Value of stock or market capitalization? 00:53 – Example of Market Value? 01:17 – What impacts Market Value? 01:46 – How does Market Value help investors? 02:16 – What is Book Value of the stock? 02:30 – What is Book Value per share? 03:05 – What is the use of book value and market value of stock? 03:15 – If Market value is lower than Book Value? 03:30 – If Book value is lower than Market Value? 03:41 – Conclusion In this video tutorial, we will discuss what is Market Value of stock or market capitalization, example of Market Value, impacts Market Value, how does Market Value help investors, what is Book Value of the stock & Book Value per share, use of book value and market value of stock, what if Market value is lower or higher than Book Value etc. ======================================================================== Amazon Outstanding Shares: After Amazon split stocks in 20-1 ratio on Jun 3, 2022 currently it has close to 10.17 billion outstanding shares. ======================================================================== In this second part of “Book value, face value, and market value of the stock” video we will learn about book value, & market value! Market value or market capitalization, simply means a company’s value according to the stock market. Market cap of a company=Number of Outstanding Shares X Price Per Share Example(numbers before amazon split): Amazon is at $2400. Total outstanding shares of Amazon stand at 508.72 million. Total market value or market capitalization of Amazon= $2400 * 508.72 million. The market value of a stock can be really volatile because it depends a lot on the price of individual shares that fluctuate throughout the trading period, E.g. government policies, changes in production, news, leadership changes, and so on. Usually, bullish market= market value go up, & vice versa. A market value shows how well or bad a company is performing in real-time in the stock market world. However market value does not always indicate the true worth of a company because it can sometimes be guided by how investors feel about that company at that moment. A book value tells us a company’s net worth in case a company plans to sell all its assets and pays off all its debts and liabilities. book value per share = book value of a company divided by the total number of shares a company has. Book value & market value, helps find out if a stock is overvalued or undervalued. Scenario 1- Market Value is lesser than book Value- Market has very little confidence in the company=investor should wait and watch. Scenario 2- Market value greater than book value- Market has real confidence in the company= invest without much hesitation in the company. However, along with book value or market value, own research and analysis is much needed by the investor. There have been many instances where companies have failed or done well despite these indicators going against or in favour of them. ======================================================= Don’t forget to subscribe and hit that thumbs-up button. It keeps us inspired to bring out more videos like this. Do subscribe to our channel, and don’t forget to like and share this video. #marketvalue #bookvalue #wallstreetmojo #facevalue #bookvalue #marketvalue #stockmarketbasics #issueprice #marketcapitalization #facevalueofstock #issuepriceofstock ========================================================================== 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

Is your GPA good enough for Big 4? #shorts [Video]

Someone asked me if 3.2 GPA is good enough for Big 4 jobs #shorts Interview & Career Playlist: https://www.youtube.com/watch?v=91hNhiNTx1c&list=PLKzobJwkGwKH4svuk7c6GvSLGAMxnzINj ——————————- Get 30% off my Online Course on “Learn how to design and build KPIs and Financial Metrics for 2 example businesses” https://thefincontroller.com/p/learn-financial-metrics-kpis?coupon_code=LEARNKPIS30 🔥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

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Resources for Accountants

Easy Explanation: PART 1- Face Value, Book Value & Market Value (Stock Market Basics) [Video]

Face Value, Book Value & Market Value -Part 1Chapters: 00:00 – Introduction 00:20 – What is Face Value?00:37 – What is Issue Price? 00:52 – What is Premium or share premium? 00:56 – Example relating face value, issue price and premium. 01:38 – Why is Face Value important?01:42 – What is Dividends? 01:51 – How are Dividends calculated? 02:12 – How stock split impacts face value of stock? 02:32 – Conclusion In this video tutorial, we will discuss what is Face Value, what is Issue Price, what is Premium or share premium, examples relating face value, issue price and premium, why is Face Value important, what is Dividends, how are Dividends calculated, how stock split impacts face value of stock, etc. What is face value of a stock? Face value is the original price of the shares issued by the company and is usually listed in the company’s books and share certificate.The issue price is the price at which the stock gets issued to the public in the secondary markets.This means the issue price is the price you would have to pay to buy the stock for the first time in the secondary markets.Generally, issue price = face value + premium.Example: A company 1 million shares and sets the initial price at, let’s say, $10(face value).Now the company raises funds through an IPO.And sets the offering or issuance price of its shares at $100.So, 100-10= $90 is stock premium.Why the face value of a stock is important?Whenever a company issues dividends (which means cash gifts as rewards for its investors), that dividend is rolled out using face value.Example, a company rewards its investors with a 50% dividend. So, Dividend=50% of its face value= 50% of $10= $5.Note: Face value is not affected by market fluctuations. It is always fixed.However, if a company decides to split its stock, then the face value of the stocks will go down.Example, A company splits its stock in the ratio of 1:1=1/2 the face value of its stock= $5 (because the number of shares has doubled).In the next part, we will cover the book value and market value of stocks.Do subscribe to our channel, and don’t forget to like and share this video.#facevaluestock #issuepricestock #wallstreetmojo #facevalue #bookvalue #marketvalue #stockmarketbasics #issueprice==========================================================================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

Share-Based Payments (Part One): IFRS 2 [Video]

Share-based payment arrangements can take many forms and the accounting can vary significantly depending on whether the arrangement is liability or equity classified. In this CPE-eligible eLearning course, you will learn to identify what is in the scope of IFRS 2 and how the share-based payment arrangement should be accounted for using the measurement and recognition principles outlined in IFRS 2.Take our self-study eLearning course here:https://revolution.gaapdynamics.com/learn/course/external/view/elearning/281/share-based-payments-part-one-ifrs-2Learn more about GAAP Dynamics here: https://www.gaapdynamics.com/Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learnSubscribe to GAAP Dynamics to see more videos like these!

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Revenue: Overview of IFRS 15 [Video]

Revenue is one of the most important line items in a set of IFRS financial statements. As such, it is important to get the accounting right! IFRS 15, Revenue from Contracts with Customers is your one-stop shop for revenue accounting for all companies, regardless of their industry. This CPE-eligible, eLearning course (1.5 CPE) walks through the key concepts of the 5-step model within IFRS 15, step by step, and gives you an opportunity to apply what you’ve learned in practice using examples and class discussion questions!Take our self-study eLearning course here:https://revolution.gaapdynamics.com/learn/course/external/view/elearning/255/revenue-overview-of-ifrs-15Learn more about GAAP Dynamics here: https://www.gaapdynamics.com/Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learnSubscribe to GAAP Dynamics to see more videos like these!

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Consolidation Accounting: The Consolidation Analysis [Video]

What is a variable interest entity? Why isn’t consolidation of another legal entity driven solely by voting interests? You get the answers to these questions and more in this CPE-eligible, eLearning course (1.5 CPE). In this online course, we introduce you to the two consolidation models in ASC 810 Consolidation and get you comfortable with the process used to determine which model is appropriate in various circumstances.This is the first course in our 2-part consolidation accounting training series.Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/122/consolidation-accounting-the-consolidation-analysisLearn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/learn