Tutorial On How To Set up The “Chart of Accounts” [Video]
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Tutorial On How To Set up The “Chart of Accounts” [Video]

Step by step guide on how to set up the chart of accounts, which is the foundation of financial reporting.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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What does a financial analyst do? -Simple Explanation [Video]
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What does a financial analyst do? -Simple Explanation [Video]

#financialanalyst #analyst #data #forecasting #wallstreetmojo This video is about what a financial analyst does and what you can expect to do day in and day out if you decide to become one. Chapters: 00:00 – Introduction 00:27 – What does a financial analyst do? 00:50 – What is Data collection and why do financial analysts do it? 01:14 – What is data organization and why do financial analysts do it? 01:39 – What is Forecasting and why do financial analysts do it? 01:56 – Why do financial analysts build financial models? 02:39 – What is Analyzing financial results and why do financial analysts do it? 03:09 – What is Providing recommendations using Valuation results and why do financial analysts do it? 03:49 – How does the Financial Analyst Present the recommendations? 04:17 – Why does the Financial Analyst requires Creating charts and graphs? 04:37 – Conclusion This video is about what a financial analyst does and what you can expect to do day in and day out if you decide to become one, etc (Explained in detail in the video) In a nutshell, a financial analyst would analyze some financial data, which could be that of any company, a sector, or the economy. (Explained in detail in the video) They’d do this to arrive at a conclusion mainly to decide investment decisions. 1. Data collection So, the first thing a financial analyst would do is to collect data and make sure that the data is accurate and credible. Data can be collected from the company’s 10K report (annual report), financial websites like Bloomberg, and even from the archives of the financial exchanges. (Explained in detail in the video) 2. Data organization A Financial analyst puts the data in order and in a manner that would make their further work easier. (Explained in detail in the video) 3. Forecasting To reach a conclusion a financial analyst makes some assumptions or forecasts based on the data they have. (Explained in detail in the video) 4. Building financial models In this stage, the company's financial statements are forecasted for the next 5-10 years by preparing supporting schedules like working capital, depreciation schedule, shareholder's equity schedule, debt schedule, and so on. Financial model building is the bread and butter of a financial analyst. (Explained in detail in the video) 5. Analyzing financial results (Explained in detail in the video) 6. Providing recommendations using Valuation (Explained in detail in the video) 7. Presenting the recommendations (Explained in detail in the video) 8. Creating charts and graphs: This is an important part of the presentation of their work, and with charts or graphs, the financial analysis would be incomplete. (Explained in detail in the video) So, this was everything that a financial analyst would do on the job, and if you are looking to become a financial analyst yourself, then you need to make sure that you have the required skills. (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