Categories
Resources for Accountants

Starting an LLC Pros and Cons: Must Know Must Do When Considering an LLC [Video]

Starting an LLC Pros and Cons: Must Know Must Do When Considering an LLC

Here’s a resource that will walk you through the whole process of starting an LLC step-by-step and allow you to form an LLC for free: https://shareasale.com/r.cfm?b=1229325&u=852598&m=81890&urllink=&afftrack=
Also get free small business guides, tools, and worksheets at: https://www.bizmove.com

Watch/Read More
Categories
Resources for Accountants

5 Accounting Adjustments From Easy to Insane 😵‍💫 [Video]

Join 10,000+ professionals who enrolled in the Controller Academy 🚀https://controller-academy.com/courses/controller-academy[coupon 30OFFCOURSE for 30% discount]Download the file used in the video:https://thefincontroller.com/p/accounting-adjustments-easy-to-hardPwC's guide on Revenue from contracts with customers:https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/revenue_from_contrac/assets/pwcrevenueguide0324.pdfChapters:00:00 Agenda00:53 #1 Late Invoice for Inventory 02:44 #2 AR Write-off05:09 #3 Deferred Rent07:53 #4 Sales Commission (Incremental Cost)11:46 #5 Buyout of Legacy Vendor Contract What we cover in this video:Accounting Adjustments are made at each month end to ensure compliance with US GAAP or IFRS, depending on the Accounting framework your company chooses to useIn this video, I will walk you through 5 examples of these accounting adjustments. We will go from an easy example such as a Late invoice on inventory purchase all the way to a very difficult example related to costs to acquire a new customer contract We will look at both the Wrong Accounting treatment as well as the correct way to record each transaction-----------------------------------Hang Out with me on social media:📸 https://www.instagram.com/the_financial_controller/📱https://www.tiktok.com/@thefinancialcontrollerhttps://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

Categories
Resources for Accountants

Effective Tax Rate vs Average Tax Rate [Video]

The average tax rate is calculated by dividing the total tax by taxable income:average tax rate = total tax / taxable incomeThe effective tax rate, on the other hand, is calculated by dividing the total tax by TOTAL income, with total income including both taxable and nontaxable income:effective tax rate = total tax / total incomeThe effective tax rate will be lower than the average tax rate when the taxpayer has tax-exempt income (include that isn't subject to tax).A third type of tax rate is the marginal tax rate, which is the rate that would be incurred on the next dollar of taxable income. — 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

Categories
Resources for Accountants

5 Reasons why students fail the CIMA MCS/Gateway Exam - CIMA Management Case Study Exam Tips [Video]

In this video we look at the Main reasons why students fail the CIMA MCS or Gateway Examination. Good luck to you! Download the Self-study content I've put together for you via the below link. https://drive.google.com/drive/folders/19RGJNEt9QJPsJyDNvW6T7-CRAtqNjZaK?usp=sharing Visit the Official CIMA SCS Website now for all details of the World's Best CIMA SCS Coaching Program!Link - https://cimascs.com/ To start your CIMA SCS May 2022 Exam Prep with OTQ Essentials Revision, review the video and share the below details with us now to azman.branudeen@gmail.com.NameSelected Option (Coach/ Mentor/ Absolute/ Complete/ Revision Only)Gmail AddressWhatsApp ContactCountry of Examination Visit my Dedicated YouTube playlist with exclusive content from my Coaching Program catered to the May 2022 & August 2022 Examination Session! There is a ton of content here that can help you and will be the perfect support toolset to use with my Guided Prep Solution.https://youtube.com/playlist?list=PL2zsBoa-zxMhZpEfKlb9JcycdXfNqBWF2 To get 1-1 Career Guidance/ Educational Counselling/ Teacher Coaching and Mentoring Services by me, review the details via the below link and Register NOW!!!https://forms.gle/11ETUQrr5MbP5Bvf8 Sign Up for my Newsletter via the link and the updates on all educational and professional initiatives by AZB Education.https://bit.ly/3trOalt Tune in and subscribe to the channel to stay updated on the content.Link - https://www.youtube.com/c/AzmanBranudeenI am using my YouTube channel as a medium to support students who are scattered around the globe with the genuine hope that it will elevate your standards of personal growth, professional development and education. Check out my Facebook reviews page to see what some of my esteemed and humble learning partners have to say about the process of working with AZB Education at the FB Reviews Link (below).https://www.facebook.com/AzmanBranudeen/reviewsConnect with me on social media, become part of my Patreon Community and learn about me via LinkedIn or even write to me via mail. Blog - https://goodteacherguide.com/ Patreon - https://www.patreon.com/azmanbranudeen LinkedIn - https://www.linkedin.com/in/azmanbranudeen/ Instagram - https://www.instagram.com/azman_branudeen/ Facebook - https://www.facebook.com/AzmanBranudeen/ Email - azman.branudeen@gmail.com--As time permits I do try to upload relevant content for students and their personal development. Write to me and connect with me. AZB is committed to collaborative development efforts for students around the world. Write to me directly for any other inquiries or even to say Hi and ask anything you want. I am a content creator developing content for students and professionals for their personal development and professional growth. My company is AZB Education, which is committed to collaborative development efforts for learners around the world. You can let me know of specifics you want me to touch on, with respect to Personal Development and Professional Growth. Because I am the best in the game, and when I am not, I figure out how to become the best. Just like how life works! Keep Learning and Keep Living!2022 © Azman Branudeen & AZB Education. All Rights Reserved.#CIMA #AzmanBranudeen #CIMAStrategicCaseStudy #CIMASCSMay2022 #CIMASCSAugust2022 #SCSwithAZB #AZBEducation #PasswithAZB #SCS #BestLecturer #BestStudent #ACMA #CGMA #AICPA #CIMASCSwithAZB #CIMAUK #PersonalDevelopment #ProfessionalDevelopment #CareerGrowth #Education #SocialInfluencer #Teacher #YouTuber #Mentor #Trainer #Lecturer #StoryTeller #Speaker #ContentCreator #EducationManagement #Educate #Empower #UnleashYourPotential #PersonalGrowth #UnleashYourPotentialwithAZB

Categories
Resources for Accountants

Mastering Conflict Resolution & Feedback 💼✨ | Wallstreetmojo Communication Skills Series [Video]

🤝 Welcome to the next installment of Wallstreetmojo's Communication Skills series! 💬 In this video, we delve into the crucial skills of conflict resolution and giving effective feedback.Join us as we explore strategies to manage and resolve conflicts constructively in the workplace, ensuring a harmonious and productive environment. We'll also cover the art of delivering feedback that is clear, constructive, and motivating.Whether you're a team leader, manager, or just looking to improve your interpersonal skills, this video provides practical insights and actionable strategies to handle conflicts and provide feedback that fosters growth and improvement.Hit that subscribe button to stay updated on our latest videos, and let's navigate the complexities of conflict resolution and feedback together! 🚀