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Resources for Accountants

What is Cockroach Theory? – How it Works? [Video]

What is Cockroach Theory? – How it Works?

In this video, we explain what is Cockroach Theory, how it works along with its advantages and disadvantages.

What is a Cockroach Theory?
Cockroach theory states that if a single company reveals bad news to the public, there’s a good possibility that more negative reports will be expected shortly.

Advantages of a Cockroach Theory
· to analyze market trends effectively.
· Used as an indicator to denote a decline or growth in the market.
· It helps in analyzing any fraudulent activities.
· Exploring earning surprises in the firms.
· Educates the investors about the industry’s risk

Disadvantages of a Cockroach Theory
· It is not backed up with any scientific values
· It may not be correct all the time.
· It may create a massive drawback for businesses.
· It can drastically question the overall industry and its authenticity.
· It tarnishes the image of the companies involved in the industry
· Reduces investment flow towards the affected industry.

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Categories
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