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Resources for Accountants

What is Too Big To Fail and How Government Bails them Out? [Video]

What is Too Big To Fail and How Government Bails them Out?

In this video, we discuss the concept of Too Big to Fail, their examples, role of government and how it evolved. Additionally, we discuss how to keep businesses from becoming Too Big to Fail.

Chapter
00:00 Introduction
01:09 What is Too Big to Fail?
01:59 Too Big to Fail Example
03:46 How Government Help TBTF?
04:25 How Too Big to Fail Concept Evolved?
05:35 Real Life Example
07:00 How to Prevent TBTF?

What does “Too Big to Fail” mean?
Too big to fail describes businesses or firms that have a more significant contribution to the global economy, and their failure may result in a massive financial crisis.

Who coined the term “Too Big to fail”?
U.S. congressman Stewart Mckinney in 1984 popularized the term too big to fail while discussing the intervention of federal deposit insurance corporations. Since then, it has been in use.

Steps were taken by the Government to prevent “Too Big to Fail.”
· Establishing the Financial stability oversight council
· Passing the Dodd-frank act and Volker’s rule.
· Summoning the banks to increase the reserve requirements.
· Ensure the value of the share capital exceeds international standards.
· Using contingent convertibles bonds.
· Following global financial system reforms introduced by the financial stability board.
· Issue particular Debt that can be retained in an emergency.

For more details on this topic, refer to our article at :
https://www.wallstreetmojo.com/too-big-to-fail/

#toobigtofail #wallstreetmojo #preventtoobigtofail

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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