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Resources for Accountants

Payback Period – Basics, Formula, Calculations in Excel (Step by Step) [Video]

Payback Period Tutorial – Chapters 00:00 – Introduction 01:00 – What is Payback Period? 02:40 – Payback Period Formula & Calculation (Equal cash flows) 04:23 – Payback Period Formula & Calculation (Unequal cash flows) 09:10 – Using Payback Period to Compare Multiple Projects 10:55 – Limitations of Payback Period In this video, we will discuss one of the methods of Capital Budgeting, i.e., Payback Period, along with how it works, its calculations, and its limitations. What is Payback Period? Payback Period is the time taken to recover a business’ initial investment. In simple terms, it refers to the time taken by a project to reach a level where there is no loss no profit i.e. breakeven point. Formula for Payback Period = Initial Investment/Net Annual Cash Inflow Limitations of Payback Period: 1. Time Value of Money is neglected 2. The amount of cash inflows generated post the payback period is …
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Resources for Accountants

What is material to the financial statements? [Video]

Jenny will help you "close the GAAP" on what is material to the financial statements. Check out her quick video explanation here! If you are interested in learning more, explore our eLearning courses on our GAAP Dynamics Learning Library: Cybersecurity: Financial Reporting Issues and SEC Disclosures: https://www.gaapdynamics.com/product/cybersecurity-financial-reporting-issues-and-sec-disclosures/ Audit Planning and Materiality: https://revolution.gaapdynamics.com/learn/courses/546/audit-planning-and-materiality

Categories
Resources for Accountants

Accountant or Bookkeeper? Which Role Is Right for You [Video]

Become a Controller; enroll in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy This video will be your ultimate guide on the differences But more importantly, I am gonna focus on how you can make high 6 figures with either of these 2 professions So here is our agenda: we'll take a look at the Job responsibilities of both the bookkeeper and the accountant We'll talk about the education requirements And then, I'll tell you How you can earn high 6 figures regardless of whether you chose to be a bookkeeper or an Accountant Time Stamps: 00:00 Intro 00:27 Agenda 00:46 1. Job Responsibilities 02:23 2. Education Requirements 04:07 3. How Accountants Make $100K plus 06:37 4. How Bookkeepers Make $100K plus ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ 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