![A&A Update with Brad Muniz – 5/17/22 | IssuesWatch Podcast [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_11004_0_0jpg.jpg)
Learn about the AICPA’s recent audit quality survey, SEC updates on climate and ESG matters, new GASB standards and projects, and international accounting news. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***Resources:• AICPA audit quality survey – https://www.journalofaccountancy.com/news/2022/apr/audit-quality-indicators-show-importance-tone-at-top.html• SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures – https://www.sec.gov/news/press-release/2022-82• AICPA Practice Considerations of ESG-related matters in an audit of financial statements – https://www.aicpa.org/resources/download/considerations-of-esg-related-matters-in-an-audit-of-financial-statements• GASB chair works on improving standards for government accountants – https://www.accountingtoday.com/news/gasb-chair-works-on-improving-standards-for-government-accountants• U.S. Sanctions Ban Provision of Accounting, Consulting Services to Russia – https://www.journalofaccountancy.com/news/2022/may/us-sanctions-ban-provision-accounting-consulting-services-russia.html• U.S., Chinese regulators in talks for audit deal – https://www.reuters.com/business/exclusive-us-regulators-are-china-audit-deal-talks-sources-2022-05-06/#IssuesWatch #podcast #accounting #audit #auditing #auditquality #aicpa #sec #esg #pcaob #gasb========================================Watch all IssuesWatch Podcast episodes at https://www.youtube.com/playlist?list=PLJ2syuG5TiiZOFQdURLJUDzGJVz17ZPthSUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS – https://www.youtube.com/c/njcpa?sub_confirmation=1LET’S CONNECT:NJCPA http://www.njcpa.orgFACEBOOK https://www.facebook.com/njscpaTWITTER https://twitter.com/njcpaLINKEDIN https://www.linkedin.com/grp/home?gid=165152INSTAGRAM https://www.instagram.com/thenjcpa
![Common Size Income Statement – Basics, Formula, How to Prepare? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_11001_0_0jpg.jpg)
Common Size Income Statement Chapters00:00 Introduction01:07 – What is Common Size Income Statement?03:08 – How to Prepare? (Colgate’s Case Study)04:26 – Analysis of Common Size Income StatementIn this video, we discuss Common Size Income Statements, their usage, andtheir importance. What is a Common Size Income Statement?A common size income statement presents each and every line item availablein the company’s income statement in the form of the relative percentage ofsales. Uses of Common Size Income Statement:1. Understand the income statement2. Ascertain the trend with respect to the percentage share of each itemon the income statement3. Compare the financial performances of different entities at a glance#wallstreetmojo, #commonsizeincomestatements #commonsizeprofitlossFor more details, you can refer to our article at -https://www.wallstreetmojo.com/common-size-income-statement/Subscribe to Our Channel – Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo
![Inside Basis vs Outside Basis | Partnership [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10985_0_0jpg.jpg)
The concepts of inside basis and outside basis can be confusing. “Inside basis” is the partnership’s basis in its assets, whereas “outside basis” is a partner’s basis in their partnership interest.When a partnership is first created, the partnership’s total inside basis is equal to the sum of the partners’ outside bases. Three events can make the total inside basis different from the total outside basis:(1) a partner dies(2) a partner acquires a partnership interest through a sale or exchange(3) the partnership distributes cash or property with a basis that exceeds the partner’s outside basis— 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/
![Becker’s CMA Part 1 – study material, contributed by Mr. Sripal Jain, CA, CPA&Mr. Suraj Lakhotia, CA [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10955_0_0jpg.jpg)
Here’s the new and revised version of Becker’s CMA Part 1 – Financial Planning and Analytics study material, contributed by Mr. Sripal Jain, CA, CPA and Mr. Suraj Lakhotia, CA.Enroll with Simandhar to get access to the best study materials and clear US CMA easily.Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ——————***—————–***———————***———————***———————– 𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and making them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀 Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media. Make sure to hit the like, share and subscribe to our YouTube channel. To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1 Now you can listen to our podcast at https://bit.ly/36PYQPP ——————————- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 ———————————– Make Sure to follow us on our Social Media Channels: Podcast: https://bit.ly/36PYQPP Instagram: https://zcu.io/TNgD Linkedin: https://bit.ly/2Oh9w5d Facebook: https://zcu.io/gDvX Twitter: https://zcu.io/17cS Think CPA / CMA – Think Simandhar#ThinkCPAThinkCMAndhar #cma #uscma #cmaexam #cmastudymatearial #career #guidance #accounting
![Discounted Payback Period – Basics, Formula, How to Calculate? (Step by Step) [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10934_0_0jpg.jpg)
Discounted Payback Period Chapters 00:00 Introduction 00:17 Payback Period Refresher 06:05 Limitation of Payback Period – Time Value of Money in Payback Period 07:36 Understanding Discounted Payback Period 10:02 Calculating Discounted Payback Period In this video, we discuss one of the methods of Capital Budgeting, Discounted Payback Period, along with how it works in project evaluations, its calculations, and its uses. What is a Discounted Payback Period? Discounted Payback Period is the time taken to recover a business initial investment. The calculation is done after taking into account the time value of money and discounting future cash flows. Formula = Year Before the Discounted Payback Period Occurs + (Cumulative Cash Flow in Year Before Recovery / Discounted Cash Flow in Year After Recovery) Uses of Discounted Payback Period: 1. Considers Time Value of Money 2. Used mostly when an investor has comparable projects 3. The shorter the discounted payback period, the sooner the project generates cash inflows to recover the initial investments. #discountedpaybackperiod, #wallstreetmojo, #discountedpaybackperiodformula For more details, you can refer to our article at https://www.wallstreetmojo.com/discounted-payback-period-formula/ Subscribe to Our Channel – Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo
![Michael Saylor welcomes FASB vote to review crypto accounting standards [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10928_0_0jpg.jpg)
Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U. S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities. As it stands under current FASB guidelines — which is the source of authoritative Generally Accepted Accounting Principles (GAAP) — companies must report digital assets such as BTC as “intangible assets” on their balance sheets. This is due to crypto not meeting the agreed definition of “cash and cash equivalents, financial instruments, financial assets, and inventory” amongst the agency. As crypto is deemed as an intangible asset, companies are required to measure the assets at their lowest price during a given reporting period, which often results in “impairment losses” on balance sheets even if the firm hasn’t closed its position. The FASB held a meeting to vote on the crypto accounting review earlier today, and while it is yet to publish the results via its website, it appears that Saylor was watching the live stream as he reported the vote went through 7-0 and stated “congratulations to the Bitcoin community.”“This is amazing. One step closer to making it easier for corporates to own Bitcoin on their balance sheet and account for it in a cogent manner,” responded Kraken’s Director of Growth Marketing Dan Held. While it is unclear when the review will take place, or what the outcome could be, a shift to a definition resembling anything in the ballpark of “traditional financial assets” would make it a lot easier for firms to accurately report their holdings instead of reporting them at their lowest prices under intangible assets. For example, both Tesla and MicroStrategy have reported impairment losses on their BTC stashes at various quarterly reports over the past 12 months. This is despite not realizing a loss through a sale and the price of BTC often indicating that their positions are in the green. Cointelegraph also reported yesterday that New York-based digital marketing and radio station company Townsquare Media posted a Q1 impairment loss of $400,00 0 on its BTC holdings. This is despite being able to sell its position for $1.2 million profit on the last day of Q1 on March 31. Related: Michael Saylor assuages investors after market slumps hurts MSTR, BTCIf MicroStrategy was reporting today however the impairment loss would be actual. MicroStrategy reported the average purchase price of its mammoth 129,218 BTC holdings at $30,700 in its Q1 report released last week, suggesting the firm would post a loss if it were to sell today. According to Forbes estimates , Saylor’s net worth — which is largely comprised of BTC and MicroStrategy stock (MSTR) – has dropped from $1.6 billion in March to just shy of $1 billion this week. Data from Coingecko shows that BTC has dropped 27.9% since March.1 to sit at $29,741 at the time of writing, while MSTR has dropped 63.7% to $168.20 within that same time frame according to TradingView. Although Saylor has outlined on numerous occasions that irrespective of price , the company will continue to buy and hodl.All data is taken from the source: https://cointelegraph.com/Article Link: https://cointelegraph.com/news/michael-saylor-welcomes-fasb-vote-to-review-crypto-accounting-standards#btc #btscstockprice #nearestbitcoinatm #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
![Introduction to IAS 36: What is impairment? [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10913_0_0jpg.jpg)
Impairment impacts entities in all industries and can occur frequently. Since determining whether an impairment loss exists differs depending on the type of asset and often involves significant judgment, an understanding of the guidance is critical! This course explores the requirements under IAS 36 Impairment of Assets, including understanding when to test for impairment, at what level the test must be performed, and the correct order for testing various assets for impairment.Take our self-study eLearning course here: https://revolution.gaapdynamics.com/learn/course/external/view/elearning/279/impairment-of-assets-part-one-ias-36Learn more about GAAP Dynamics: https://www.gaapdynamics.com/ Check out our other online courses on the Revolution: https://revolution.gaapdynamics.com/l… Subscribe to GAAP Dynamics to see more videos like these!
![AICPA membership — Value and Benefits [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10907_0_0jpg.jpg)
Use code JOIN25 to save 25% on your new AICPA® membership. With membership, you can enjoy 32 CPE credits — a $1,300 value — FREE. Join today.
![AICPA membership — Value and Benefits [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10904_0_0jpg.jpg)
Promo code JOIN25 unlocks 25% off membership. With membership, you’ll enjoy our award-winning Town Halls and Digital Mindset Pack — a $1,300 value — FREE. Join today
![AICPA membership — Value and Benefits [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10901_0_0jpg.jpg)
Use code JOIN25 to save 25% on your new AICPA® membership. With membership, you can enjoy 32 CPE credits — a $1,300 value — FREE. Join today.
![Mr. Rajneesh Jain, CFO, Reliance Jio Infocomm, on Digital Growth Story at Simandhar’s Mumbai Event [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10880_0_0jpg.jpg)
The advent of digitization has transformed the business and startup ecosystem. Listen to Mr. Rajneesh Jain, CFO – Reliance Jio Infocomm, on how the digital revolution has fueled the growth of established businesses and startups. Simandhar’s Mumbai Event – India’s Digital Growth Story Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ——————***—————–***———————***———————***———————–𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and making them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media.Make sure to hit the like, share and subscribe to our YouTube channel.To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1Now you can listen to our podcast at https://bit.ly/36PYQPP ——————————- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 ———————————–Make Sure to follow us on our Social Media Channels:Podcast: https://bit.ly/36PYQPPInstagram: https://zcu.io/TNgDLinkedin: https://bit.ly/2Oh9w5dFacebook: https://zcu.io/gDvXTwitter: https://zcu.io/17cSThink CPA / CMA – Think Simandhar#mumbaievent #mumbaisession #simandhareducation #thankyou
![Common Size Balance Sheet – Formula, Calculations (Step by Step) [Video]](https://video.ednadigitalmarketing.com/wp-content/uploads/2022/05/mp_10874_0_0jpg.jpg)
Common Size Balance Sheet Chapters 00:00 Introduction 01:00 What is Common Size Balance Sheet 02:00 What is Common Size Balance Sheet 03:52 Common Size Balance Sheet Formula 04:32 Colgate’s Case Study – Common Size Balance Sheet Analysis In this video, we discuss about Common Size Balance Sheets, how to prepare them and why they are so important. What is a Common Size Balance Sheet? Common Size Balance Sheet refers to percentage analysis of balance sheet items on the basis of the common figure as each item is presented as a percentage that is easy to compare. Formula for Common Size Balance Sheet = (Line Item / Total Assets)*100 Uses of Common Size Balance Sheets: 1. Helps in building trend lines to discover the patterns over a specific period of time 2. Helps understand the ratio and percentage of each line item clearly 3. Variations that occurred during expenses are reflected 4. Aids in comparison of income statements for two or more periods Limitations of Common Size Balance Sheet: 1. The reason behind the reduction of cash and cash equivalents remains unclear 2. Inconsistencies in data of different years unaccounted for 3. Window dressing of financial statements 4. Fails to identify qualitative elements of a companys performance 5. Doesnt measure the solvency or liquidity of a company #commonsizebalancesheet, #wallstreetmojo, #commonsizebalancesheetformula For more details, you can refer to our article at – https://www.wallstreetmojo.com/common-size-balance-sheet/ Subscribe to Our Channel – Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo