#  @edspira Edspira
Edspira posts on YouTube about accounting, how to, business, education the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.
### Engagements: [-----] [#](/creator/youtube::UCzRF-OFuv8os-bGzANpQGqg/interactions)
### Mentions: [---] [#](/creator/youtube::UCzRF-OFuv8os-bGzANpQGqg/posts_active)
### Followers: [-------] [#](/creator/youtube::UCzRF-OFuv8os-bGzANpQGqg/followers)
### CreatorRank: [-------] [#](/creator/youtube::UCzRF-OFuv8os-bGzANpQGqg/influencer_rank)
### Social Influence
**Social category influence**
[finance](/list/finance) [stocks](/list/stocks) [countries](/list/countries) [currencies](/list/currencies) [technology brands](/list/technology-brands) [cryptocurrencies](/list/cryptocurrencies) [premier league](/list/premier-league) [automotive brands](/list/automotive-brands) [champions league](/list/champions-league) [financial services](/list/financial-services)
**Social topic influence**
[accounting](/topic/accounting) #116, [how to](/topic/how-to), [business](/topic/business), [education](/topic/education), [finance](/topic/finance) #2225, [the world](/topic/the-world), [make a](/topic/make-a), [balance sheet](/topic/balance-sheet) #1606, [in the](/topic/in-the), [company](/topic/company)
**Top assets mentioned**
[Microsoft Corp. (MSFT)](/topic/microsoft) [Mastercard, Inc. (MA)](/topic/$ma)
### Top Social Posts
Top posts by engagements in the last [--] hours
"3 Types of Manufacturing Costs (Direct Materials Direct Labor Manufacturing Overhead) This videos identifies and defines the three types of manufacturing costs: Direct Materials Direct Labor and Manufacturing Overhead. The video also provides examples of each type of manufacturing cost to better illustrate the concepts. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=bgp_AAxUJpQ) 2014-02-11T19:31Z 365K followers, 363.8K engagements
"NPV vs IRR This video compares and contrasts NPV and IRR noting several situations in which IRR cannot be used. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=6RztxNwerOA) 2013-09-18T20:05Z 365K followers, 364.8K engagements
"Job-order Cost System Explained Todays topic is Job Costing aka Job-order Costing. A job-order cost system is used by companies that make small numbers of distinct products. To calculate the cost of making a bib you would first create a job cost sheet. This is just a document that lists all the costs of the job. Next you would assign costs to the job as it moves through the production process. You add the cost of: Direct materials used Direct labor Manufacturing overhead 0:00 Introduction 0:38 How to calculate the cost per unit for a job 0:48 Why assign costs to jobs 0:59 Job costing vs."
[YouTube Link](https://youtube.com/watch?v=nOrN47bmZ40) 2022-01-31T16:08Z 365K followers, 76.7K engagements
"How to Calculate IRR (using trial and error) This video shows how to calculate the IRR using trial and error. The IRR (internal rate of return) is the rate of return that would result in an NPV (net present value) of zero for the project if that rate of return is used as discount rate. The IRR can be found using trial and error. This involves setting up an equation with the discounted cash flows equal to zero and then solving for the value of "r" that makes the equation balance. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a"
[YouTube Link](https://youtube.com/watch?v=noWg6tQnHZ0) 2018-11-07T00:00Z 365K followers, 205K engagements
"What is Asset Liability Management in Banking A bank is a financial intermediary that collects funds from depositors and lends the funds to others at a higher rate than it pays to depositors (this is the net interest margin). Historically you could calculate a banks profit as follows: interest earned from borrowers interest paid to depositors = bank profit To increase profit banks focused on funding their activities at the lowest possible cost. But the banking industry has changed significantly. Loans used to account for nearly all of a banks revenue; today banks generate additional income"
[YouTube Link](https://youtube.com/watch?v=LbIdIMhdNoo) 2021-07-26T15:00Z 365K followers, 62.3K engagements
"Property Plant and Equipment (PP&E) This video explains what property plant and equipment means in the context of financial accounting. It also discusses how PP&E is recorded at cost and presented net of accumulated depreciation. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can"
[YouTube Link](https://youtube.com/watch?v=T-HZgYPwEKA) 2014-08-29T22:08Z 365K followers, 96.8K engagements
"No-par vs Par Stock Some companies issue stock that has a par value while other companies issue no-par stock. In both cases total assets and total stockholders' equity increase as a result of the stock issuance. However there is a difference in the accounts that are credited based on whether the stock has a par value. For example let's say a company issues [----] common shares with a par value of $2/share and a market value of $40/share. The company would debit the cash account for $200000 ($40/share * [----] shares). In addition the company would credit the common stock account for $10000"
[YouTube Link](https://youtube.com/watch?v=VdGN92j3_Hc) 2021-11-22T16:00Z 365K followers, 16.6K engagements
"How to Become a CPA in the US To become a licensed CPA you need to do three things: [--]. Meet the requirements to sit for the CPA exam [--]. Pass the CPA exam [--]. Meet the licensing requirements for the state in which you plan to practice The requirements to sit for the CPA exam and the requirements to obtain a CPA license are different for each jurisdiction. There are [--] jurisdictions in the U.S. including: The [--] U.S. states Washington D.C. Puerto Rico Guam The U.S. Virgin Islands The Northern Mariana Islands Its important that you check the requirements for your jurisdiction. *CONTACT INFO FOR"
[YouTube Link](https://youtube.com/watch?v=1A_7Y0bpmbo) 2022-07-18T14:00Z 365K followers, 39.4K engagements
"Assertions about Classes of Transactions and Events (Auditing) A company's management makes several assertions about the transactions and event that took place during the fiscal period. It is the job of the external auditor to evaluate these assertions: [--]. Occurrence (did the transactions that were recorded actually occur) [--]. Completeness (were all of the transactions that should have been recorded actually recorded) [--]. Authorization (were all the transactions properly authorized) [--]. Accuracy (were the amounts recorded correctly) [--]. Cutoff (were the transactions recorded in the correct"
[YouTube Link](https://youtube.com/watch?v=1Cx2hnX5D-Y) 2020-08-26T17:00Z 365K followers, 38.8K engagements
"Calculating the Tax Equivalent Yield This video demonstrates how to calculate the tax-equivalent yield of a tax-exempt investment. A comprehensive example is presented that computes the tax-equivalent yield of a tax-exempt municipal bond. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people"
[YouTube Link](https://youtube.com/watch?v=2Bk6TqERHyc) 2015-04-17T22:39Z 365K followers, 16.2K engagements
"Cash and Cash Equivalents This video explains what Cash and Cash Equivalents are and discusses the circumstances under which restricted cash is classified as a current or noncurrent asset. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=4Pxr_ZoZ050) 2014-08-29T22:10Z 365K followers, 81K engagements
"Cost Per Equivalent Unit FIFO Method Part [--] This video shows how to calculate the Cost Per Equivalent Unit using the FIFO Method. A comprehensive example is provided to demonstrate how the equivalent units of production and the cost per equivalent unit are computed. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase"
[YouTube Link](https://youtube.com/watch?v=C76QjSgvnyQ) 2015-04-29T00:49Z 365K followers, 239.6K engagements
"Accounting for Warranty Expense This video explains how to accrue warranty expense using the accrual method. It also illustrates how to apply the accrual method with an example and highlights the differences between the cash basis and accrual basis for warranty accounting. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.EducationUnlocked.org/ To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is"
[YouTube Link](https://youtube.com/watch?v=DBIghRkyXIM) 2014-09-02T15:11Z 365K followers, 76K engagements
"Free Cash Flow This video defines free cash flow provides an equation for calculating free cash flow and illustrates the equation with an example. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story visit"
[YouTube Link](https://youtube.com/watch?v=F5-VsVcbmCQ) 2013-12-19T19:01Z 365K followers, 274.9K engagements
"Net Present Value (NPV) This video explains the concept of Net Present Value and illustrates how to calculate the Net Present Value of a project via an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=HFFkFMfotT0) 2013-09-17T21:52Z 365K followers, 1.4M engagements
"Deferred Tax Assets in Financial Accounting This video shows what a deferred tax asset is in Financial Accounting. Deferred tax assets reduce taxes paid in future periods (they represent future tax savings). Deferred tax assets result from temporary differences between book and tax income. This video provides an example to illustrate how a deferred tax asset could arise and the journal entries that would be necessary to record the deferred tax asset. This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University"
[YouTube Link](https://youtube.com/watch?v=KOcx8vPvjlQ) 2016-09-26T01:57Z 365K followers, 212.6K engagements
"How the Balance Sheet and Income Statement are Connected This video shows how the balance sheet and income statement are related to one another. The income statement includes temporary accounts that are netted to compute "Net Income." At the end of the year these temporary accounts are closed out (their balances are made to equal zero) and the Net Income (or Net Loss) is transferred to the permanent balance sheet account "Retained Earnings." The temporary account "Dividends" is also closed out at year-end to the permanet balance sheet account "Retained Earnings." Thus the result of the income"
[YouTube Link](https://youtube.com/watch?v=Lq4zu6F9aEs) 2016-10-02T20:41Z 365K followers, 32.7K engagements
"The Audit Risk Model The audit risk model shows audit risk (the risk the auditor will issue an incorrect opinion when the financial statements are materially misstated) as a function of [--] factors: (1) inherent risk (2) control risk and (3) detection risk. Inherent risk is the susceptibility of an account to material misstatement in the absence of internal controls; inherent risk is based on the business environment the nature of the transactions and the integrity of the client's management. Control risk is the likelihood that a material misstatement will not be caught by the client's internal"
[YouTube Link](https://youtube.com/watch?v=MxuZaKuDglE) 2019-02-26T00:00Z 365K followers, 168.5K engagements
"3 Ways to Allocate Costs to Multiple Support Departments (Direct Step-down and Reciprocal methods) This video discusses three different ways to allocate the costs of multiple support departments when the support departments provide services to each other. The key question is how to treat the costs of services that the support departments provide to each other. The Direct Method does not allocate any of these costs the Step-down Method allocates some of these costs and the Reciprocal Method allocates all of these costs. Edspira is the creation of Michael McLaughlin an award-winning professor"
[YouTube Link](https://youtube.com/watch?v=NKRdmOCgWfQ) 2016-01-18T01:19Z 365K followers, 129.7K engagements
"Cost Volume Profit Analysis (CVP): calculating the Break Even Point This video illustrates how to calculate the Break Even Point using Cost Volume Profit Analysis (CVP). Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=Nw2IioaF6Lc) 2013-07-12T05:38Z 365K followers, 417.8K engagements
"Activity Based Costing (with full-length example) This video explains the process of Activity-based Costing and illustrates how Activity-based Costing is used with an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=QaVlWoaBytQ) 2014-11-12T20:52Z 365K followers, 711.6K engagements
"Cost Per Equivalent Unit (weighted average method) This video explains what equivalent units are in the context of managerial accounting and demonstrates how to calculate the cost per equivalent unit with an in-depth example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=Txv05196CWs) 2014-09-12T01:21Z 365K followers, 419.3K engagements
"Should you Major in Accounting or Finance Should you major in accounting or finance That depends What classes are you good at What kind of work do you find fulfilling What are your career goals Whats the reputation of your university This video explores these questions in more detail. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=XokcljK7Gic) 2024-07-15T14:00Z 365K followers, 15.3K engagements
"Incremental IRR Due to differences in the scale timing and riskiness of projects we cannot simply compare the IRRs (incremental rates of return) of two projects. However we can compute the incremental cash flows of choosing one project versus the other and compute an incremental IRR for these cash flows. This incremental IRR can then be compared to the discount rate to determine which project is more profitable. That being said the incremental IRR is problematic when some of the negative cash flows do not precede the positive cash flows. Furthermore the incremental IRR tells us which project"
[YouTube Link](https://youtube.com/watch?v=bH0XqTdVhiI) 2015-04-04T02:56Z 365K followers, 134.8K engagements
"Time Value of Money (concept explained) This video explains the concept of the time value of money as it pertains to finance and accounting. An example is given to illustrate why there is a time value associated with the timing of cash flows. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=gkoEAPAW7eg) 2013-09-17T16:19Z 365K followers, 490.1K engagements
"Overview of Certifications for Accountants Here is a list of certifications held by accountants with links to obtain more information: CPA in the U.S. (Certified Public Accountant): https://us.aicpa.org/becomeacpa/gettingstarted ACCA (Association of Chartered Certified Accountants): https://www.accaglobal.com/gb/en/qualifications/glance.html CMA (Certified Management Accountant): https://www.imanet.org/cma-certification/getting-startedssopc=1 CGMA (Chartered Global Management Accountant): https://us.aicpa.org/membership/cgma-designation CIA (Certified Internal Auditor):"
[YouTube Link](https://youtube.com/watch?v=jtUm1uQyRQQ) 2022-11-07T15:00Z 365K followers, 84.6K engagements
"Basic Cost Concepts.with a touch of humor Managerial Accounting This video covers basic cost concepts.with a touch of humor for managerial accounting. Before discussing Managerial Accounting topics such as activity-based costing and the Balance Scorecard it's important to have a strong foundation in the basic cost concepts. This includes understanding what a cost is and knowing the distinction between direct and indirect costs. For manufacturers this also includes knowing the difference between product and period costs. It is also critical to understand concepts such as opportunity cost and"
[YouTube Link](https://youtube.com/watch?v=nFjEz5alwtY) 2020-09-28T15:00Z 365K followers, 152.8K engagements
"Ordinary Annuity vs Annuity Due This video explains the difference between an ordinary annuity and an annuity due. Both an ordinary annuity and an annuity due are a stream of cash flows; the difference is in the timing of those cash flows. With an annuity due the first cash flow occurs today. With an ordinary annuity the first cash flow occurs one period from now. Thus the cash flows for an annuity due will begin one period sooner (and will end one period sooner) than the cash flows for an ordinary annuity. Regarding the formulas the value of an annuity due is simply the value of the ordinary"
[YouTube Link](https://youtube.com/watch?v=rViT_ODg5Yk) 2018-11-12T00:00Z 365K followers, 128.1K engagements
"The [--] Types of Audit Opinions This video discusses the [--] types of audit opinions that an external auditor may provide after conducting an audit. Companies hire an external auditor to provide an opinion as to whether their financial statements have been presented fairly and the types of opinions that may be issued are: an unqualified opinion a qualified opinion an adverse opinion and a disclaimer of opinion. An unqualified opinion also known as a clean opinion is issued when the auditor believes that the financial statements are free of material misstatements. A qualified opinion is issued"
[YouTube Link](https://youtube.com/watch?v=sPgVd8-cFWc) 2017-09-10T14:06Z 365K followers, 151.3K engagements
"Depreciation Change in Useful Life Companies sometimes revise the estimated useful life and/or expected residual value for fixed assets. If this happens you don't need to restate the financial statements for prior periods. Instead you just need to use the revised figures to calculate depreciation going forward. If the company uses the straight-line depreciation method for example the new annual depreciation expense would be calculated as follows: (net book value - new residual value) / new remaining useful life Edspira is the creation of Michael McLaughlin an award-winning professor who went"
[YouTube Link](https://youtube.com/watch?v=xdvdAzteUFs) 2021-11-01T15:00Z 365K followers, 34.7K engagements
"The Income Statement defined and explained This video defines what an income statement is and provides a brief explanation of its role. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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 *"
[YouTube Link](https://youtube.com/watch?v=-__bUSEls5Y) 2013-07-15T06:20Z 365K followers, 198.8K engagements
"9 Types of Audit Procedures and Evidence Auditors may use [--] different types of audit procedures to collect evidence during the course of an audit. These audit procedures include: (1) inquiry (2) confirmation (3) inspection of records or documents (vouching and tracing) (4) inspection of tangible assets (5) observation (6) recalculation (7) reperformance (8) analytical procedures and (9) scanning. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to"
[YouTube Link](https://youtube.com/watch?v=1KAo8Y-k-jY) 2019-02-27T00:00Z 365K followers, 129.8K engagements
"Contribution Margin This video explains what the Contribution Margin is in the context of managerial accounting. The formula for calculating a firm's Contribution Margin is provided and several examples are used to demonstrate how Contribution Margin is calculated and used in actual practice. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=1TxWhgRPq3s) 2014-11-17T19:42Z 365K followers, 250.8K engagements
"The Audit Committee This video discusses the composition and role of a corporation's audit committee. The audit committee is a group of people drawn from the company's board of directors. Each member of the audit committee must be an outside director otherwise known as an independent director which means they have no material interest in the company. The audit committee is responsible for hiring the company's external auditor negotiating the external auditor's pay and mediating disagreements between the company's executives and the external auditor. Edspira is the creation of Michael"
[YouTube Link](https://youtube.com/watch?v=343kcHZRMH8) 2017-09-10T14:06Z 365K followers, 70.9K engagements
"Direct vs. Indirect Costs This video defines direct and indirect costs and provides an example to illustrate the difference between direct and indirect costs. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=3SEv1_dl86I) 2014-09-04T21:45Z 365K followers, 215.3K engagements
"Accumulated Other Comprehensive Income This video explains the concept of Accumulated Other Comprehensive Income a balance sheet item. An example is provided to demonstrate how Accumulated Other Comprehensive Income is calculated. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=87Q83xul1xs) 2014-02-09T21:58Z 365K followers, 37.8K engagements
"Monetary Unit Sampling Monetary unit sampling is a type of variables sampling that is used to determine whether account balances or transactions contain misstatements. Monetary unit sampling treats each individual dollar as a sampling unit; thus larger-dollar account balances or transactions are more likely to be included in the sample. Monetary unit sampling is easier to use than classical variables sampling and it is the better method when the sample is likely to continue small (or no) misstatements. Monetary unit sampling is frequently used to test for overstatements particularly in"
[YouTube Link](https://youtube.com/watch?v=AmB-tYm-xjU) 2019-10-27T23:00Z 365K followers, 33.2K engagements
"Lower of Cost or Net Realizable Value Rule for Inventory Inventory is presented on the Balance Sheet at the lower of cost or net realizable value where the net realizable value is the expected selling price minus any costs to complete the sale. If a company's net realizable value decreases such that it is lower than the inventory's cost the company should take an inventory writedown for the amount of the difference. International Financial Reporting Standards (IFRS) require all companies to use the lower-of-cost-or-net-realizable-value rule. U.S. GAAP also has the"
[YouTube Link](https://youtube.com/watch?v=AyynzjP3Hy8) 2020-08-17T17:00Z 365K followers, 94.1K engagements
"Joint Product Costs and the Splitoff Point This video introduces the concept of joint costs and the splitoff point in managerial accounting. Joint products refer to two or more products that are produced from the same input. The point at which the raw product is transformed into multiple joint products is known as the splitoff point. (Note: a product with a relatively low sales value may be referred to as a by-product rather than a joint product) Costs incurred prior to the splitoff point are known as joint costs. Joint costs are commonly allocated to the individual joint products (using the"
[YouTube Link](https://youtube.com/watch?v=B_hGtJoN57s) 2016-01-18T01:12Z 365K followers, 149.3K engagements
"What to Do with Accounting Degree There are lot of things you can do with an accounting degree with multiple career paths in public accounting and private industry. You could even start your own business or break into finance. In this video I focus on jobs you can get right out of college with an accounting degree. If you go into public accounting you can work in audit tax or consulting. If you work for a smaller public accounting firm you might end up doing a mix of these activities. If you go into private industry you'll do the accounting for a single firm (as opposed to public accounting"
[YouTube Link](https://youtube.com/watch?v=DhD2RaZ_vAM) 2023-10-02T14:00Z 365K followers, 86.6K engagements
"How to Calculate the Effective Annual Rate of Interest (EAR) This video demonstrates how to use an easy formula to calculate the Effective Annual Rate of Interest (EAR). Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=Fy8Zd6QvwnU) 2013-07-10T04:01Z 365K followers, 279.5K engagements
"How to Calculate the Issue Price of a Bond (Annual Interest Payments) This video shows how to calculate the issue price of a bond that pays annual interest. The issue price is the sum of: (1) the present value of the face value of the bond which is to be paid when the bond matures and (2) the present value of the interest payments. This video provides the formulas to calculate these present values and illustrates the computations using an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a"
[YouTube Link](https://youtube.com/watch?v=JZq0w7nJaTU) 2017-05-19T00:09Z 365K followers, 55.2K engagements
"How to Calculate Cost of Equity using CAPM This video shows how to calculate a company's cost of equity by using the Capital Asset Pricing Model (CAPM). You can calculate the cost of equity for a company by using the following formula: Cost of Equity = Risk-free Rate + Beta * (Expected Market Return - Risk-free Rate) For example let's say the risk-free rate is 2% and the expected market return is 10%. If a company's beta is [---] its cost of equity would be 22%. This cost of equity is the required rate of return that investors would expect to receive based on the company's systematic risk. If"
[YouTube Link](https://youtube.com/watch?v=JyUBm9M7Wyw) 2018-09-09T23:00Z 365K followers, 143.5K engagements
"Introduction to Managerial Accounting This video defines Managerial Accounting and explains five key functions: planning decision-making motivating controlling and performance evaluation. Because Cost Accounting is a subset of Managerial Accounting this video introduces topics that pertain to both Managerial Accounting and Cost Accounting. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
[YouTube Link](https://youtube.com/watch?v=KCyg8-zM9bA) 2014-02-11T19:30Z 365K followers, 507.5K engagements
"What is an Audit An audit is a type of assurance service that lends credibility to a company's financial statements. If you are thinking of investing in or lending money to a business you will want to see the company's financial statements. However it is possible that the numbers in the financial statements are inaccurate due to mistakes or fraud. For this reason companies will hire an independent third party to conduct an audit of the financial statements. In the U.S. for example a certified public accountant (CPA) would perform a series of tests to verify that assertions made in the"
[YouTube Link](https://youtube.com/watch?v=KIvWYWS3VUk) 2019-01-28T00:00Z 365K followers, 113.3K engagements
"How to Make a Consolidated Balance Sheet with Noncontrolling Interest This video shows how to make a consolidated balance sheet when one company acquires more than 50% but less than 100% of another company. The accounting is slightly different from a 100% acquisition because the purchaser must create a stockholders' equity account called noncontrolling interest which represents the minority shareholder's claims against the net assets of the target corporation (e.g. if your firm acquires 70% of a target you must consolidated 100% of the target's assets and liabilities but then recognize a"
[YouTube Link](https://youtube.com/watch?v=KagMJEoZQRU) 2017-05-28T22:03Z 365K followers, 65K engagements
"IRR (Internal Rate of Return) This video explains the concept of IRR (the internal rate of return) and illustrates how to calculate the IRR via an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=OSDDrZZaV8E) 2013-09-18T18:39Z 365K followers, 1.6M engagements
"Lower of Cost or Market Rule for Valuing Inventory This video shows how to apply the lower-of-cost-or-market rule to value inventory. A comprehensive example is presented to illustrate how the original cost of the inventory is compared to its "market" value (the middle value of replacement cost net realizable value and net realizable value minus the normal profit) to determine whether an inventory writedown is necessary. The video then demonstrates how to record the appropriate writedown with a journal entry. Edspira is your source for business and financial education. To view the entire"
[YouTube Link](https://youtube.com/watch?v=PnkTF6R2F7w) 2015-07-27T01:00Z 365K followers, 138.7K engagements
"The [--] Types of Audit Tests Auditors perform [--] general types of tests: (1) risk assessment tests (2) tests of controls and (3) substantive procedures. Risk assessment tests focus on understanding the risk of material misstatement. Tests of controls are designed to assess whether the client's internal controls are effective - in particular whether the internal controls would prevent a material misstatement or detect and correct a material misstatement. Substantive procedures are used to detect material misstatements and can be grouped into two categories: (1) tests of details (tests of"
[YouTube Link](https://youtube.com/watch?v=SC-EK8H2iTA) 2019-02-19T00:00Z 365K followers, 119.3K engagements
"Sum of the Years' Digits Depreciation This video explains the sum-of-the-years'-digits depreciation method and illustrates how to calculate depreciation expense using the sum-of-the-years'-digits depreciation method. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=UeDW3Fd6BKk) 2014-08-29T22:04Z 365K followers, 141.7K engagements
"The Accounting Standards Codification (ASC) U.S. GAAP This video discusses the Accounting Standards Codification (ASC) which contains the generally accepted accounting principles (GAAP) for companies in the United States. The Financial Accounting Standards Board (FASB) codified the accounting standards into one central location in [----]. Prior to the ASC there was a hierarchy of GAAP with certain things being more authoritative than others. Now that the codification has taken place there is a single layer of GAAP. The FASB periodically amends the ASC with an Accounting Standards Update (ASU)."
[YouTube Link](https://youtube.com/watch?v=VIONQVhIEa8) 2017-08-20T19:14Z 365K followers, 31.7K engagements
"FIFO Inventory Method This video explains how to compute cost of goods sold and ending inventory using the FIFO (first in first out) inventory cost assumption. An example is provided to illustrate how FIFO is used to calculate COGS and inventory. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
[YouTube Link](https://youtube.com/watch?v=Wa83L8TvoaM) 2014-08-31T22:27Z 365K followers, 1M engagements
"Relevant Costs (Managerial Accounting) When making decisions managers should only focus on relevant costs-- those costs that differ among the various alternatives. This video shows how to evaluate relevant costs (and ignore sunk costs or costs that do not change depending on the decision) in determining whether to drive a car or take a train from St. Louis to Chicago. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A"
[YouTube Link](https://youtube.com/watch?v=X037nQVxLbc) 2016-02-21T19:09Z 365K followers, 186K engagements
"The Basic Accounting Equation This video explains the basic accounting equation and provides an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=cLG7K6Sq9K4) 2013-07-10T22:34Z 365K followers, 424.8K engagements
"Customer Profitability Analysis (Activity Based Costing) This video shows how to perform profitability analysis using activity-based costing. Many companies serve a variety of customer types. By calculating the profitability of each type of customer the company can determine which customer types are the most profitable and whether some customers are unprofitable. The profitability of a customer type is determined by charging direct (traceable) costs to the customer type and then allocating indirect costs to the customer type using activity-based costing. Edspira is the creation of Michael"
[YouTube Link](https://youtube.com/watch?v=dO45fx-Ll2Q) 2018-09-18T23:00Z 365K followers, 55.5K engagements
"Activity Based Costing Step by step In todays episode were going to discuss activity-based costing or ABC for short. ABC is a cost system that can be used to: Measure the cost of providing a good or service Calculate the profitability of a companys product lines Perform customer profitability analysis So why is ABC better than traditional cost systems With traditional cost systems you lump all the overhead costs into a single bucket and then spread them across products using a single cost driver that may not be correlated with overhead. But with ABC you: Identify the activities that logically"
[YouTube Link](https://youtube.com/watch?v=dwPrgnsU8qo) 2022-03-01T15:00Z 365K followers, 59.6K engagements
"The Sarbanes Oxley Act of [----] This video discusses the main effects of the Sarbanes-Oxley Act on companies executives and audit firms. Sarbanes-Oxley (also known as SOX) is a federal law that was passed by Congress in response to a wave of accounting frauds in [----]. SOX requires a public company's CEO and CFO to certify that the company's financial statements are accurate. It also increased the penalties for accounting fraud and required firms to test the effectiveness of their internal controls. The company must then issue a report on the effectiveness of its internal controls; similarly"
[YouTube Link](https://youtube.com/watch?v=eeQagPytR-o) 2017-08-20T19:14Z 365K followers, 129.5K engagements
"Capital Asset Pricing Model This video discusses the Capital Asset Pricing Model (CAPM). The Capital Asset Pricing Model can be used to determine the expected rate of return for a security. Here is the formula for the Capital Asset Pricing Model: Expected Return = Risk-free Rate + Beta * (Expected Market Return - Risk-free Rate) The expected return of a security is thus a function of: (1) the risk-free rate (2) the systematic risk of the security (beta) and (3) the market risk premium (the expected market return minus the risk-free rate). Edspira is the creation of Michael McLaughlin an"
[YouTube Link](https://youtube.com/watch?v=fDz_DgDJD5g) 2018-09-04T23:00Z 365K followers, 189.6K engagements
"How to Calculate the Payback Period This video shows how to calculate the Payback Period when the payback period is not an integer (for example if the payback period is [---] years). Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's"
[YouTube Link](https://youtube.com/watch?v=iGImOv2rqHM) 2016-01-04T00:45Z 365K followers, 443.9K engagements
"Internal Control Revenue Cycle Before you can test a clients internal controls you first need to know which internal controls are in place. The auditor can identify the internal controls by asking the clients employees to complete a questionnaire and by doing a walkthrough of the revenue and collection cycle. The walkthrough would involve following a sale from the initial customer purchase all the way through to the collection of the receivable. If the auditor notices an area where a misstatement might occur during the walkthrough the auditor should ask: has the client designed a control that"
[YouTube Link](https://youtube.com/watch?v=kK0c9AQ_ZEw) 2022-05-09T14:00Z 365K followers, 15.1K engagements
"Introduction to Budgeting (Managerial Accounting) This video explains what a budget is (in the context of managerial accounting) and discusses why the budgeting process is useful to organizations. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=pCwLhz0ltlE) 2014-12-18T22:07Z 365K followers, 293.6K engagements
"3 Types of Inventory (Raw Materials WIP and Finished Goods) This video discusses the three different types of inventory for manufacturing firms: raw materials work in process (WIP) and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
[YouTube Link](https://youtube.com/watch?v=rM-REiRdORg) 2014-02-11T19:33Z 365K followers, 164.3K engagements
"Auditing Attestation and Assurance In this video I discuss how auditing attestation and assurance services are related. In short auditing is a type of attestation engagement and all attestation engagements are a type of assurance service. An audit lends credibility to a company's financial statements. Attestation lends credibility to any assertions made a company's management. This includes but is not limited to a company's financial statements. It would also include issuing an opinion regarding the credibility of a company's pro forma or projected financial figures. Assurance lends"
[YouTube Link](https://youtube.com/watch?v=vXXydzfFAkI) 2019-01-30T00:00Z 365K followers, 72.9K engagements
"Make or Buy Decision This video shows the optimal way for firms to choose whether to manufacture a product component internally or purchase the component from an external supplier. The key is for managers to focus only on relevant costs-- those costs that differ among alternatives-- when deciding which route incurs a lower cost. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL"
[YouTube Link](https://youtube.com/watch?v=vxZSaDtQgrs) 2016-02-01T18:10Z 365K followers, 262.9K engagements
"The Statement of Retained Earnings This video explains what a Statement of Retained Earnings is and shows how to create one. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=z-SA9HgY_HQ) 2014-02-11T19:26Z 365K followers, 81.8K engagements
"Transfer Pricing This video introduces the concept of transfer pricing. A transfer price is the price charged by the selling division to the buying division for an intermediate product within the same firm. Companies use transfer prices for internal purposes (to coordinate transfers within the firm) and for external purposes (reporting to tax authorities). For internal purposes companies typically used market-based transfer pricing cost-based transfer pricing or negotiated transfer pricing. Companies may use a different transfer price for internal decision-making than the transfer price they"
[YouTube Link](https://youtube.com/watch?v=GPLMVvdPEVg) 2018-12-04T00:00Z 365K followers, 156.8K engagements
"How to Calculate the Geometric Average Return This video shows how to calculate the geometric average return (also known as the compounded annual return) of a stock or index. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=GdUiiCddHvc) 2016-01-24T23:47Z 365K followers, 104.2K engagements
"How I Passed the CPA Exam in Six Weeks In the summer of [----] I passed all four parts of the CPA exam in six weeks. I didn't use Becker or a test prep course to pass the CPA exam but instead used the study strategy outlined in this video. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=PHm49R8kYTE) 2025-01-13T15:00Z 365K followers, 10.9K engagements
"Dividend Discount Model (DDM) This video illustrates how to value a firm's share price using a dividend discount model. The Gordon growth model equation is presented and then applied to sample problem to demonstrate how the Dividend Discount Model yields an estimate share price for a firm. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=TlH3_iOHX3s) 2013-12-19T19:02Z 365K followers, 300.5K engagements
"How to Calculate Return on Invested Capital There are several different ways to calculate a companys return on invested capital (ROIC). Each method is a variation of this basic formula: Return on Invested Capital = Profit / Invested Capital Youre dividing some measure of profit by the companys debt and equity capital. The question is how to measure profit and how to measure invested capital. Some people measure profit as net income EBIT NOPAT or NOPLAT. Some people measure invested capital as the average debt and stockholders' equity while others subtract cash and cash equivalents from that"
[YouTube Link](https://youtube.com/watch?v=loXqq9EURzM) 2023-04-17T14:00Z 365K followers, 19.2K engagements
"Where to Find Dividends in the Financial Statements When a company issues dividends where will the dividends appear in the company's financial statements -Dividends DECLARED will appear in the statement of stockholders' equity because this statement shows changes in stockholders' equity accounts and dividends declared reduce retained earnings which is a stockholders' equity account -Dividends PAID will appear as a cash outflow in the financing section of the statement of cash flows -Dividends DECLARED BUT NOT YET PAID will appear as a liability on the balance sheet ("dividends payable") Note"
[YouTube Link](https://youtube.com/watch?v=sAk1hPJGR2w) 2024-05-06T14:00Z 365K followers, [----] engagements
"Standard Costs and Variance Analysis This video discusses the use of standard costs in Managerial Accounting. It also provides a comprehensive example to illustrate how standard costs are useful in calculating the price variance and quantity variance. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
[YouTube Link](https://youtube.com/watch?v=yWOdzhjHNSM) 2014-12-23T20:11Z 365K followers, 576.1K engagements
"Weighted Average Cost of Capital (WACC) This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=46oLXwClvkw) 2014-02-11T19:29Z 365K followers, 853.8K engagements
"Cost Volume Profit Analysis (CVP): Target Profit This video illustrates how to calculate the number of units and sales dollars in order to reach a target net income or profit level. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=4U60Ya5ysMU) 2013-07-09T21:55Z 365K followers, 198.7K engagements
"How to Analyze ROA Both Walmart and Dollar General are successful discount retailers but Dollar Generals ROA was nearly double that of Walmart for their most recent fiscal year. To understand why we can break ROA into two components: profit margin and asset turnover. ROA = profit margin x asset turnover Profit margin is net income divided by net sales and it tells you how well a company managed its expenses. Profit margin = (Net income)/(Net sales) Asset turnover is net sales divided by average assets and it tells you how productive a companys assets were at generating sales. Asset turnover ="
[YouTube Link](https://youtube.com/watch?v=DzgY_ytVhD8) 2023-05-10T14:00Z 365K followers, [----] engagements
"Capital Asset Pricing Model Assumptions This video discusses several assumptions of the Capital Asset Pricing Model (CAPM). The Capital Asset Pricing Model assumes that: [--]. Investors buy and sell securities at competitive market prices. An investor is therefore a price-taker and cannot influence the price of a security [--]. Investors do not face transaction costs or taxes when they buy and sell securities [--]. Investors lend and borrow at the risk-free rate [--]. Investors have homogeneous expectations regarding securities (if all investors have access to publicly-available information their"
[YouTube Link](https://youtube.com/watch?v=Lvhu1w0gsvc) 2018-09-11T23:00Z 365K followers, 37.1K engagements
"The High Low Method (for analyzing mixed costs in accounting) This video explains how to use the High-Low Method to estimate the fixed and variable components of a mixed cost in accounting. An example is provided to demonstrate how the High-Low Method is used to calculate both the fixed cost and variable cost. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=PLMcLKUgq_I) 2014-11-15T18:28Z 365K followers, 237.1K engagements
"Direct Materials (Managerial Acccounting) This video discusses Direct Materials. Direct Materials are the physical inputs that are incorporated into a manufacturing company's final product AND are directly traceable to the final product. The traceability feature is important as there are two types of raw materials: direct and indirect. The steel used to build a car would be a Direct Material since it is included in the final product and is clearly traceable to the final product. Grease used while installing the car's various components isn't directly traceable to the car and would be"
[YouTube Link](https://youtube.com/watch?v=T0HO0aFhxWc) 2018-08-26T23:06Z 365K followers, 75.2K engagements
"Economic Value Added EVA This video defines the concept of Economic Value Added (EVA) and works through an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=_56vCwvdkys) 2013-07-12T16:43Z 365K followers, 202.9K engagements
"Activity Based Costing vs. Traditional Costing This video discusses the key differences between Activity Based Costing and traditional costing systems in the context of managerial accounting. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=aDycx2hJ6tg) 2014-11-12T22:51Z 365K followers, 420.6K engagements
"Introduction to the Balance Sheet This video provides an introduction to the Balance Sheet explaining both what a Balance Sheet is as well as how to put a rudimentary Balance Sheet together. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=f89jzUybyBw) 2014-02-11T19:23Z 365K followers, 88.9K engagements
"The Sales Budget This video explains what a sales budget is and demonstrates how to create a sales budget with a comprehensive exam. A schedule of cash collections is included as part of the sales budget to show how the process works for firms that extend credit to their customers. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=frCX_bsFsao) 2014-12-15T19:12Z 365K followers, 310.7K engagements
"The [--] Types of Mergers There are [--] types of mergers: horizontal mergers vertical mergers and conglomerate mergers. In a horizontal merger two competitors combine. Horizontal mergers are sometimes blocked by the courts because they reduce competition. In a vertical merger two companies at different stages of the value chain (companies with a buyer-seller relationship) combine. In a conglomerate merger two unrelated companies combine. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality"
[YouTube Link](https://youtube.com/watch?v=zV5Ar5Xd4GI) 2020-08-30T23:00Z 365K followers, 17.8K engagements
"Direct Materials Variance Analysis This video demonstrates how to conduct a variance analysis for direct materials. A comprehensive example is provided to show how both the price variance and quantity variance are calculated. The example also shows how variance analysis differs when the quantity purchased differs from the quantity used. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
[YouTube Link](https://youtube.com/watch?v=-e32TQdCjDg) 2015-01-08T00:36Z 365K followers, 220.9K engagements
"Degree of Operating Leverage Example This video provides an example of how to calculate the Degree of Operating Leverage. The Degree of Operating Leverage is equal to the total Contribution Margin divided by the Operating Profit. The Degree of Operating Leverage is a number that tells you the amount by which Operating Profit if Sales Revenue were to increase. For example if the Degree of Operating Leverage is [--] this means a 20% increase in Sales Revenue would result in a 160% increase (8 * 20%) in Operating Profit. The Degree of Operating Leverage is not a constant; it differs based on the"
[YouTube Link](https://youtube.com/watch?v=2-QBbc1YW8I) 2018-09-26T23:00Z 365K followers, 40.5K engagements
"T account for Retained Earnings A company's Retained Earnings account is affected when the company posts Net Income or a Net Loss or when it declares dividends. The change in the Retained Earnings account can be easily tracked using a T-account; Net Income results in a credit to the Retained Earnings account whereas a Net Loss or dividends declared results in a debit to the Retained Earnings account. If the Retained Earnings account has an ending debit balance then the account is instead referred to as Accumulated Deficit. Edspira is the creation of Michael McLaughlin an award-winning"
[YouTube Link](https://youtube.com/watch?v=3413O-8Q9mk) 2019-03-07T00:00Z 365K followers, 21.1K engagements
"How to Calculate EPS (Earnings Per Share) This video explains how to calculate Earnings Per Share (EPS) and uses the formula to solve an example problem. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=3AoS6IxZf-s) 2013-07-15T05:33Z 365K followers, 250.4K engagements
"Debt to Equity Ratio This video demonstrates how to calculate the Debt to Equity Ratio. An example is provided to illustrate how the Debt to Equity Ratio can be used to compare the leverage of two firms. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=6Lslqs0Wdh4) 2014-02-25T02:42Z 365K followers, 103.8K engagements
"Retained Earnings vs. Net Income This video discusses the difference between Retained Earnings and Net Income. Net Income is the profit that a company earned over a set period of time such as a month quarter or year. Net Income is presented on the Income Statement. Retained Earnings is the accumulated profits of the company since its inception minus any dividends distributed. Retained Earnings thus represents profits that have been reinvested in the business. Retained Earnings appears in the Stockholders' Equity section of the Balance Sheet. Retained Earnings and Net Income are related in"
[YouTube Link](https://youtube.com/watch?v=7ed-mm1LYgs) 2019-01-31T00:00Z 365K followers, 32.1K engagements
"Net Asset Value of a Mutual Fund This video explains how to calculate the Net Asset Value and Net Asset Value per share of a mutual fund. The video also discusses how and why the NAV per share often differs significantly from the market price of closed-end funds whereas the NAV per share is the price paid to purchase shares in an open-end fund. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
[YouTube Link](https://youtube.com/watch?v=B4aOj6EUD3E) 2015-04-29T00:49Z 365K followers, 28.3K engagements
"Financing mergers and acquisitions (3 examples) Mergers and acquisitions can be financed with [--] types of consideration: (1) cash (2) securities or (3) cash plus securities. This video provides an actual merger proposal for each of these [--] types. Here are links to each of the examples mentioned in the video: Office Depot/OfficeMax: https://www.sec.gov/Archives/edgar/data/800240/000119312513252056/d516531d424b3.htm QAR Industries/TSR: https://www.sec.gov/Archives/edgar/data/98338/000101738618000356/exhibit_99-1.htm Staples/Office Depot:"
[YouTube Link](https://youtube.com/watch?v=B7NfPXRNc7E) 2020-09-01T23:00Z 365K followers, [----] engagements
"Retained Earnings This video explains what the retained earnings account is in the context of financial accounting and provides an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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 *"
[YouTube Link](https://youtube.com/watch?v=EE6DsZgd2Ds) 2014-08-29T22:07Z 365K followers, 99.4K engagements
"Junk Bonds and Taxes: The AHYDO Rules (U.S. Corporate Tax) U.S. corporations may be limited in their ability to deduct accrued interest on junk bonds. A junk bond which the U.S. tax code refers to as an applicable high yield discount obligation (AHYDO) may be limited with respect to interest expense deductions if the bond has [--] characteristics: [--]. A maturity greater than [--] years [--]. A yield-to-maturity [--] percentage points higher than the applicable federal rate [--]. An original issue discount If the bond has these [--] characteristics then the corporation can't deduct interest expense until it"
[YouTube Link](https://youtube.com/watch?v=FsoXhwPHJgY) 2020-09-09T15:00Z 365K followers, [----] engagements
"Poison Pill (Mergers and Acquisitions) This video explains the concept of a poison pill as it pertains to corporate mergers and acquisitions. An example is provided to demonstrate how a poison pill serves as an effective takeover defense. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=HYg1wGNqlo8) 2014-02-11T19:30Z 365K followers, 85.7K engagements
"The [--] Components of Pension Expense (for a defined-benefit plan) This video explains the components of pension expense for a defined-benefit plan: (1) Service Cost (2) Interest Cost (3) Expected Return on Plan Assets (4) Amortization of Gains or Losses (corridor amortization) (5) Amortization of Prior Service Cost Edspira is your source for business and financial education. To view the entire video library for free visit http://www.EducationUnlocked.org/ To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage"
[YouTube Link](https://youtube.com/watch?v=Ixut-ytBA4Q) 2016-01-18T01:44Z 365K followers, 78.2K engagements
"How to Calculate the Change in Pension Plan Assets This video shows how to calculate the change in the fair value of plan assets for a pension plan. The fair value of plan assets is important because it is netted against the projected benefit obligation to determine the funded status of a defined-benefit pension plan. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a"
[YouTube Link](https://youtube.com/watch?v=L9Kb0HEGqtY) 2016-01-18T01:44Z 365K followers, 22.3K engagements
"Retained Earnings Example This video shows how the Retained Earnings (and Accumulated Deficit) account changes over time. Retained Earnings is a Stockholders' Equity account that represents the accumulated profits since the company's formation minus any dividends that were distributed to the company's shareholders. The Retained Earnings account is not the same as the Cash account however. Retained Earnings increases when the company posts Net Income and decreases when it posts a Net Loss or declares Dividends. If the Retained Earnings account becomes negative it is referred to as Accumulated"
[YouTube Link](https://youtube.com/watch?v=NPAEQaCY6UY) 2017-09-17T16:30Z 365K followers, 48.9K engagements
"Basic Earnings Per Share Calculation Example Heres the formula for calculating basic earnings per share (EPS): net income available to common shareholders / weighted average number of common shares outstanding = basic EPS Where net income available to common shareholders is: net income - preferred dividends - income attributable to noncontrolling interests Here's an example: the company Glow-in-the-dark Toilet Paper had net income of $600000 for [----]. The company had $100000 of preferred dividends and didn't have any income attributable to noncontrolling interests. The net income attributable"
[YouTube Link](https://youtube.com/watch?v=Qsp1dtNkIZM) 2022-03-07T15:00Z 365K followers, 15.6K engagements
"How to Calculate Pension Expense for a Defined-Contribution Plan such as a 401k This video shows how to calculate pension expense and record the pension expense journal entry for a defined-contribution plan (such as a money purchase plan or a 401k). Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
[YouTube Link](https://youtube.com/watch?v=TnGciXbJN6k) 2016-01-18T01:44Z 365K followers, 23.4K engagements
"Degree of Operating Leverage (Managerial Accounting) This video explains what the Degree of Operating Leverage is in the context of managerial accounting. The formula for calculating the Degree of Operating Leverage is provided and an example is used to illustrate how the Degree of Operating Leverage can be used to predict how a change in sales will affect a firm's profitability. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world."
[YouTube Link](https://youtube.com/watch?v=UK3ClpsFKVA) 2014-11-13T23:36Z 365K followers, 160.6K engagements
"Accounting for Uncertain Tax Positions This video shows how to account for Uncertain Tax Positions. U.S. GAAP requires the use of a 2-step test to determine the amount of any tax benefit that may be recognized. In step [--] you determine whether it is more likely than not that your tax position will be upheld. If the likelihood of it being upheld is greater than 50% you move to Step [--]. Step [--] allows you to recognize the largest benefit with a cumulative probability of greater than 50%. The video shows how to do this with an example and it also shows how to record the necessary tax contingency"
[YouTube Link](https://youtube.com/watch?v=YB12k4clrBo) 2017-06-16T20:49Z 365K followers, 16K engagements
"Daily Active Users (as a key performance indicator) This video discusses using the number of daily active users as a growth metric. Investors closely monitor the number of active users for social media and other online platform companies. Thus companies such as Facebook and Snapchat disclose the number of daily active users which is the number of people that use their website and mobile app on a daily basis (Twitter discloses the number of monthly active users). Tracking the number of active users is believed to be useful in forecasting revenue growth. Edspira is the creation of Michael"
[YouTube Link](https://youtube.com/watch?v=YqhyHtxhVxY) 2018-11-21T00:00Z 365K followers, [----] engagements
"DuPont Analysis for ROA Financial Statement Analysis ROA (return on assets) is a very helpful metric because it allows you to compare the profitability of two companies while controlling for firm size. To understand why a company's ROA is rising or falling or why one company's ROA is higher than another company's ROA we can apply DuPont analysis. DuPont analysis expresses ROA as the product of two components: profit margin and asset turnover. Thus we have the following equation: ROA = profit margin * asset turnover If you see that Company A has a higher ROA than Company B you can disaggregate"
[YouTube Link](https://youtube.com/watch?v=gRPP_-OGEPU) 2021-06-02T15:00Z 365K followers, 18.2K engagements
"The Merger Negotiation Process A merger could begin with a buyer approaching the management of a target or with a seller hiring an investment bank to identify potential buyers. The takeover attempt may be friendly or hostile (in a hostile takeover the target company's management opposes the buyer's attempt to take over the target). The buyer will naturally want as much information as possible to do its due diligence so it will request information about the target that is not publicly available. The target will then have the buyer sign a nondisclosure agreement. After the buyer performs its"
[YouTube Link](https://youtube.com/watch?v=gUz60Yvoa7I) 2020-09-06T15:00Z 365K followers, [----] engagements
"Estimating Beta with Regression Analysis This video discusses the beta of a stock in the context of regression analysis. Beta is the coefficient estimate for the independent variable when a regression is performed with excess market returns as the independent variable and excess stock returns (for the company) as the dependent variable. For example if we regress Microsoft's daily excess stock returns (its returns over and above the risk-free rate) on the excess stock returns of the S&P [---] and the coefficient estimate for the independent variable (the excess stock returns of the S&P 500) is"
[YouTube Link](https://youtube.com/watch?v=igY9rw61Vdc) 2018-09-02T23:00Z 365K followers, 51.3K engagements
"What is a Basis Swap With an interest rate swap one party receives payments based on a fixed rate while the other party receives payments based on a floating rate (fixed-for-floating). But you could also have a swap where both parties exchange payments based on floating rates (floating-for-floating). This is called a basis swap. Why would two parties exchange cash flows that are both based on floating rates To reduce interest rate basis risk. This occurs when cash flows are affected by different factors that are not perfectly correlated (an example would be floating-rate assets and"
[YouTube Link](https://youtube.com/watch?v=k8dEOyH9KFA) 2021-08-26T15:00Z 365K followers, 12.3K engagements
"How to Calculate Beta using Correlation and Volatility This video shows how to calculate the beta of a stock using the correlation of the stock with the market index. Beta is equal to: (1) the correlation of a company's stock returns with the returns of the market index (e.g. the returns of the S&P 500) times the standard deviation of the company's stock returns divided by (2) the standard deviation of the returns of the market index. The standard deviation of stock returns is also known as volatility. Correlation * volatility (stock) / volatility (market) = beta For example let's say we are"
[YouTube Link](https://youtube.com/watch?v=kOsRODiSVXM) 2018-08-29T23:00Z 365K followers, 27K engagements
"How to Calculate ROI (Return on Investment) This video shows how to calculate ROI. ROI which stands for Return on Investment is calculated by dividing income (profit) by the amount of capital invested. Thus if a department of a large firm had income of $10 million and used $50 of capital the ROI of the department would be 20%. ROI is a frequently used measure of profitability. If two divisions of a firm have a similar level of profit but one of the divisions uses a lot more capital to achieve the profit the ROI will show that the division achieving the same profit with less capital is making"
[YouTube Link](https://youtube.com/watch?v=nizHo7F3yi8) 2018-11-15T00:00Z 365K followers, 71.4K engagements
"Section [---] Transaction (U.S. Corporate Tax) This video discusses the requirements for a Section [---] transaction. Section [---] of the U.S. tax code provides nonrecognition of gain or loss when an individual(s): [--]. Transfers property to a corporation [--]. Solely in exchange for the corporation's stock [--]. And has control of the corporation immediately afterwards (80% of vote and value) There are several caveats which are discussed in follow-up videos. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a"
[YouTube Link](https://youtube.com/watch?v=qPnDTXGcJ84) 2017-01-22T18:54Z 365K followers, 48.3K engagements
"Audit Sampling The auditor can't always observe 100% of a company's transactions or account balances. Thus the auditor must sometimes: (1) take a sample of less than 100% of the population (2) draw inferences about the population from the sample (3) compare the sample's results to a benchmark Auditors use sampling to test internal controls and to perform substantive procedures. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world."
[YouTube Link](https://youtube.com/watch?v=sRczLv3zvWM) 2019-10-06T23:00Z 365K followers, 61.4K engagements
"How to Calculate ROA (Return on Assets) This video shows how to calculate a company's Return on Assets (ROA). It provides an example to show how ROA can be used to compare firms' performance. ROA is calculated by dividing a company's Net Income by its Average Total Assets. You can compute the Average Total Assets by adding the company's total assets from its most recent Balance Sheet date to its total assets from the previous year's Balance Sheet date and dividing the sum by two. You use the Average Total Assets because you want to approximate the amount of assets the company had during the"
[YouTube Link](https://youtube.com/watch?v=u-pxUo5JJm4) 2017-10-15T18:17Z 365K followers, 85.8K engagements
"Restrictions of Retained Earnings This video explains why in some cases a firm may have Restricted Retained Earnings (aka Appropriated Retained Earnings). An example is provided to show how restrictions of Retained Earnings affect the calculation of total Retained Earnings. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=uYJSsaVz5pE) 2014-02-11T19:26Z 365K followers, 12.7K engagements
"Restructuring Charges (Financial Accounting) This video explains the concept of a Restructuring Charge in Financial Accounting. The video provides several examples of common Restructuring Charges and discusses the incentive firms have to label certain items as a Restructuring Charge. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=udC61RgFFSM) 2014-02-11T19:26Z 365K followers, 14.5K engagements
"How to calculate Volatility using historical returns This video shows how to calculate volatility using historical returns. A comprehensive example is presented that calculates the volatility of the S&P [---] over the period 2004-2007. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can"
[YouTube Link](https://youtube.com/watch?v=v-7VLAyhmqg) 2016-01-18T01:34Z 365K followers, 41.4K engagements
"Introduction to Segment Reporting Publicly-traded companies must disclose disaggregated information about their operating segments. An operating segment is a: (a) profit center (b) that the chief operating decision maker reviews regularly (c) and that has separate financial information Walmart for example has [--] operating segments: (1) Walmart U.S. (2) Walmart International and (3) Sam's Club. A cost center (e.g. Walmart's IT department) would NOT be considered an operating segment. The results of some operating segments need not be reported. There are [--] tests for determining whether an"
[YouTube Link](https://youtube.com/watch?v=v3A1D-_jJv4) 2019-09-16T23:00Z 365K followers, 22.8K engagements
"Things that affect Retained Earnings This video lists the various things that increase or decrease the Retained Earnings (or Accumulated Deficit) account. The three most common things are Net Income (increases Retained Earnings) Net Loss (decreases Retained Earnings) and Dividends (decreases Retained Earnings if it is a cash scrip property or stock dividend). Prior period adjustments due to accounting errors and certain changes in accounting principle (e.g. switching from FIFO to LIFO) can cause Retained Earnings to increase or decrease. If the firm engages in a quasi-reorganization this"
[YouTube Link](https://youtube.com/watch?v=wc72EvdvShg) 2016-08-29T01:00Z 365K followers, 29K engagements
"Public Company Filing Requirements for the US Public companies in the U.S. must file a number of forms with the Securities and Exchange Commission (SEC). First note that not all public companies have the same reporting requirements. Smaller public companies are required to make fewer disclosures emerging market companies can make scaled disclosures and foreign private issuers file different forms (e.g. a 20-F instead of a 10-K). But here are the main filings required of public companies in the United States: -Form 10-K is an annual filing that must be filed within [--] days of the company's"
[YouTube Link](https://youtube.com/watch?v=-5esZ2Sy1yI) 2024-06-24T14:00Z 365K followers, [---] engagements
"Visa vs Mastercard Company Analysis Visa and Mastercard are both global payment networks. They dont issue cards or extend credit but instead make most of their money processing transactions. Both companies have experienced growing revenues and are very profitable but there are some key differences. Visa has a larger market share as it processes more transactions and has a higher net revenue ($29 billion compared to $22 billion). But Visa is more dependent on revenue from the U.S. About two-thirds of Mastercards revenue comes from outside North America. Despite increased competition both"
[YouTube Link](https://youtube.com/watch?v=09QPPeI25LI) 2023-05-17T14:00Z 365K followers, 22.3K engagements
"Significant Accounts When Auditing Inventory Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=0vvAlnRP-3s) 2025-07-28T14:00Z 365K followers, [---] engagements
"Securitization and Mortgage Backed Securities Historically banks were almost entirely reliant on deposits to raise funds. But in the past few decades banks have found alternative sources of funding. One of those sources is securitization. Securitization is the process of bundling illiquid financial assets and then creating securities that are backed by the cash flows from the pool of financial assets. The financial assets can be packaged in such a way that each bundle of assets has a different risk profile. Many banks securitize mortgages for example which creates a mortgage-backed security"
[YouTube Link](https://youtube.com/watch?v=14yiEZGk41s) 2021-09-02T15:00Z 365K followers, 28.6K engagements
"Analytical Procedures for Auditing Inventory The last part of the inventory audit is for the auditor to perform substantive procedures which includes analytical procedures and tests of details. Analytical procedures include: -Trend analysis (analyzing changes in the gross margin percentage scrap rates etc.) -Ratio analysis (analyzing changes in the number of days it takes to sell inventory) -Variance analysis (investigating large price or quantity variances) -Analyzing the relationship between various accounts and whether changes in those accounts seem plausible (increases in sales for"
[YouTube Link](https://youtube.com/watch?v=1a9yj2Mw_9c) 2025-09-08T14:00Z 365K followers, [---] engagements
"How to Use Earnings per Share Earnings per share (EPS) is a companys net income per share of common stock. Its calculated by taking the net income available to common shareholders (which is net income minus dividends for preferred shareholders and minus income attributable to noncontrolling interests) and dividing it by the weighted-average number of common shares outstanding. Earnings per share is the most widely used measure of profit. Its the only ratio that public companies are required to report on the income statement: both U.S. GAAP and IFRS require this. And earnings per share is the"
[YouTube Link](https://youtube.com/watch?v=3Qhp4z3rNFQ) 2022-03-14T14:00Z 365K followers, [----] engagements
"Calculating the Total Return on a Stock This video shows how to calculate the total return on a stock. The total return of a stock is a function of two components: the dividend yield and the capital gain (increase in share price). This video uses a comprehensive example to demonstrate how the total return of a stock is calculated using a handy formula. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE"
[YouTube Link](https://youtube.com/watch?v=3Y1J_6xWDKc) 2015-04-17T22:39Z 365K followers, 101.8K engagements
"How to calculate Gross Profit (aka Gross Margin) This video uses an example to demonstrate how to calculate gross profit. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=4PvUFaeHdIg) 2013-07-11T16:19Z 365K followers, 135.8K engagements
"Overview of the Inventory Audit The inventory audit can be broken down into [--] steps for the auditor: (1) Gain an understanding of the company's inventory management process (2) Identify significant accounts and relevant assertions (3) Assess the risk of material misstatement (4) Evaluate the design of internal controls (5) Test the effectiveness of internal controls (6) Perform substantive procedures (analytical procedures and tests of details) Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a"
[YouTube Link](https://youtube.com/watch?v=6XTOwfl_TII) 2025-07-14T14:00Z 365K followers, [----] engagements
"Section [---] Transaction with Boot (U.S. Corporate Tax) This video discusses how to account for a Section [---] transaction when one of the transferors receives boot. Boot refers to the situation in which a transferor(s) receives property in addition to the corporation's stock. Boot can be cash inventory equipment etc. Nonqualified stock (e.g. mandatorily redeemable stock) is also considered boot. The present of boot does not invalidate a Section [---] transaction but it might cause gain to be recognized (but NEVER the recognition of a loss). When boot is received the transferor recognizes gain as"
[YouTube Link](https://youtube.com/watch?v=6lmOBzEsqdY) 2017-01-29T18:03Z 365K followers, 25.7K engagements
"Defined Benefit vs. Defined Contribution Pension Plan This video shows the difference between a defined-benefit pension plan and a defined-contribution plan. The core difference between these two types of plans boils down to what the employer is promising: with a defined-benefit pension plan the employer is promising the employee a series of annuity payments after the employee retires. With the defined-contribution pension plan (e.g. a 401(k) plan) the employer is promising to make contributions to the employee's retirement account. Edspira is the creation of Michael McLaughlin an"
[YouTube Link](https://youtube.com/watch?v=7atAkYAm2kc) 2016-01-18T01:44Z 365K followers, 159.5K engagements
"LIFO Liquidation This video discusses the concept of LIFO liquidation. The erosion of old inventory layers can sometimes lead to dramatically higher profit since the older inventory was likely purchased at a much lower price than the current market rate. This video provides an example to illustrate how such LIFO liquidation occurs and how firms attempt to address this by pooling inventory items. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to"
[YouTube Link](https://youtube.com/watch?v=7pEyQ7TQK7M) 2015-06-05T23:06Z 365K followers, 54.7K engagements
"How to Account for Advertising Costs Under U.S. GAAP (ASC 720-35) companies can either expense advertising costs as incurred or expense them when the first advertising takes place. Under IFRS (IAS 38.69) companies must expense advertising costs as incurred. U.S. GAAP distinguishes between the costs of producing advertising and the costs of communicating advertising. This distinction is important as companies may use different methods for expensing each type of cost. Under U.S. GAAP insurance companies may capitalize the cost of direct-response advertising if certain criteria are met; under"
[YouTube Link](https://youtube.com/watch?v=8-H-MPtFvfE) 2025-06-09T14:00Z 365K followers, [---] engagements
"Stand-alone Cost Allocation Method This video shows to use the Stand-alone Cost Allocation Method to allocate a common cost. This method requires you to first calculate the proportionate share of costs for each user on a stand-alone basis and then apply each user's percentage toward the costs you are seeking to allocate. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness"
[YouTube Link](https://youtube.com/watch?v=AGSIB1L12pw) 2016-01-24T23:50Z 365K followers, 18.2K engagements
"Journal Entry for Loan When a company borrows money by taking out a loan the borrower debits the cash account (an asset) and credits either loan payable or note payable (a liability). The lender would debit loan receivable and credit the cash account. When interest is accrued on the loan the borrower must record interest expense and credit interest payable (or credit the cash account if the interest is paid immediately). The lender would debit interest receivable (or the cash account) and record interest revenue. When the loan is repaid the borrow should (1) record interest expense for the"
[YouTube Link](https://youtube.com/watch?v=AIno0blcymo) 2024-04-22T14:00Z 365K followers, [----] engagements
"How to Interpret the Beta of a Stock This video shows how to interpret the beta of a stock. Examples of beta from actual firms are presented and interpreted. Firms with a beta greater than one have higher systematic risk than average whereas firms with a beta less than one have less systematic risk than average. To understand why firms have different levels of systematic risk consider the following: a grocery store will likely have a beta less than one because in the event of a market downturn people are likely to continue buying food. A company that sells high-end jewelry however is likely"
[YouTube Link](https://youtube.com/watch?v=B168aNJYywc) 2016-01-18T01:33Z 365K followers, 68.5K engagements
"Cost Center This video discusses cost centers. A cost center is a subunit of an organization that has responsibility only for costs. For example the accounting department of a large grocery store chain would be a cost center. This is because the accounting department would incur costs but produce no revenue. Thus the manager of the accounting department would be evaluated on their ability to control the accounting department's costs. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality"
[YouTube Link](https://youtube.com/watch?v=CF989VgsYvI) 2018-11-26T00:00Z 365K followers, 50.7K engagements
"3 Approaches to Valuing a Business Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=CFoinWADVCk) 2024-10-21T13:51Z 365K followers, [----] engagements
"Vouching vs. Tracing Auditors frequently use vouching and tracing during the course of an audit. Both vouching and tracing involve the auditor examining documents but they differ when it comes to the direction of testing. With vouching the auditor starts with a journal entry or ledger balance and works back to the original source documents. This tests existence or occurrence (e.g. did the sale actually occur). With tracing the auditor starts with the original source documents and works forward to see whether the transaction was properly recorded in the accounting system. This tests"
[YouTube Link](https://youtube.com/watch?v=CIUGotv1ceQ) 2019-02-28T00:00Z 365K followers, 39.3K engagements
"How to Account for Stock Options Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=CVg_na3CF3w) 2024-08-19T14:00Z 365K followers, [----] engagements
"John Deere's Business Model John Deere has been manufacturing agricultural equipment since [----]. But there's a lot more to John Deere's business model as it extensively engages in leasing through its financial services unit. This is why inventory makes up a small amount of John Deere's assets while financing receivables comprise roughly half of total assets. John Deere's financing unit generates more than a billion dollars of profit annually. This financing income also helps smooth John Deere's earnings and cash flows which can fluctuate significantly due to the boom-and-bust nature of the"
[YouTube Link](https://youtube.com/watch?v=EgLuAekKYFY) 2025-12-29T15:00Z 365K followers, [---] engagements
"Understanding the Revenue and Collection Cycle Not every company has the same revenue and collection cycle. Thus the auditor needs to get an overview of the various activities that make up the companys revenue and collection cycle. Lets assume the company is a manufacturer that sells goods on credit. The revenue and collection cycle would consist of [--] steps: [--]. Receiving and processing customer orders [--]. Approving credit [--]. Delivering goods and services [--]. Billing customers and managing accounts receivable [--]. Collecting and depositing cash Step 1: Receiving and processing customer orders The"
[YouTube Link](https://youtube.com/watch?v=GGI_lU8ZgmE) 2022-04-04T14:00Z 365K followers, 31.2K engagements
"Comparing After-tax Rates of Return on Investments Not all types of income are taxed at the same rate; income from certain investments is taxed at a preferential rate. Thus when comparing investments it's important to consider the after-tax return of the investment instead of simply looking at the before-tax return. The after-tax return is calculated as follows: after-tax return = before-tax return x (1 - marginal tax rate) For example let's consider a corporate bond that pays 6% interest and a tax-exempt municipal bond that pays 4% interest. If the interest income from the corporate bond is"
[YouTube Link](https://youtube.com/watch?v=GMtFsTxfARg) 2024-05-27T14:00Z 365K followers, [---] engagements
"Buying Business Clothes for My Students (Turning My Office into a Career Closet) I have some incredibly hardworking and bright students at the university where I teach. Many of them come from working-class backgrounds and are doing everything they can to build a better life and support their families. When I learned that some of my students didn't have dress clothes to wear on job interviews or to the career fair I converted my office to a career closet and started giving out business attire for free. So far the project has been successful and a lot of students have walked away with suit"
[YouTube Link](https://youtube.com/watch?v=H10gY6Y6k8Q) 2025-02-17T15:00Z 365K followers, [----] engagements
"Finance Lease Example Lessee ASC [---] This video shows how a lessee would account for a finance lease under ASC [---]. This includes calculating the initial lease liability and right-of-use asset (capitalization of the lease) creating a lease amortization table accruing interest expense on the lease liability and recording amortization expense for the right-of-use asset. Journal entries are provided to show how the lessee would account for this lease in its entirety. Note that a finance lease results in front-loading of the total expenses relative to an operating lease because with a finance"
[YouTube Link](https://youtube.com/watch?v=H70DUwz1yvk) 2024-10-02T13:45Z 365K followers, [----] engagements
"The Cash Budget This video explains what the cash budget is in Managerial Accounting and demonstrates how to put together a cash budget with a comprehensive example. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story visit"
[YouTube Link](https://youtube.com/watch?v=HT0c22HF5hA) 2014-12-18T18:13Z 365K followers, 463.7K engagements
"How to Calculate IRR in Excel In this video Im going to show you how to calculate the internal rate of return for a project in Excel. So Ive got [--] projects here. For each project theres a single cash outflow at the beginning of the project (year 0). This is followed by a series of cash inflows. Now to calculate the IRR of a project just type =IRR and highlight the series of cash flows. Excel gives you the option to guess the IRR; if you dont enter anything it guesses [---] (or 10%) until it finds the rate that makes the projects NPV equal to zero. Now you can see that the IRR for project [--] is"
[YouTube Link](https://youtube.com/watch?v=HgWHogdFUc4) 2022-12-05T15:00Z 365K followers, 222.3K engagements
"Finance Lease Example with Bargain Purchase Option ASC [---] This video shows how a lessee would account for a finance lease that contains a bargain purchase option under ASC [---] (U.S. GAAP). A bargain purchase option exists when the lessee has the right to purchase the asset from the lessor at the end of the lease and the lessee is expected to do so. The presence of a bargain purchase option means that the lease will definitely be classified as a finance lease. The presence of a bargain purchase option changes the lease accounting in the following way: when calculating the initial lease"
[YouTube Link](https://youtube.com/watch?v=IuWegT6S4gU) 2024-10-15T15:43Z 365K followers, [----] engagements
"How Long Does the IRS Have to Find You The IRS generally can't come after taxpayers indefinitely to audit tax returns from prior years. Per Section [----] of the tax code the IRS has [--] years from the later of (1) the filing of a tax return or (2) the unextended due date of the tax return to assess a tax deficiency. However if the taxpayer omitted gross income that exceeds 25% of the gross income reported the statute of limitations is [--] years. And if the taxpayer filed a fraudulent tax return (or if the taxpayer didn't file a tax return at all) then there is no statute of limitations. If the IRS"
[YouTube Link](https://youtube.com/watch?v=L2SPjMfeQCY) 2024-06-10T14:00Z 365K followers, [---] engagements
"Single Step Income Statement This video shows how to create a single-step income statement. A example is presented to show how a single-step income statement can be created from an adjusted trial balance. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To"
[YouTube Link](https://youtube.com/watch?v=LR7dr1TguCg) 2016-09-13T23:32Z 365K followers, 76.7K engagements
"How to Account for Share Based Compensation Performance Condition When a company grants share-based compensation that has a performance condition (which means a certain sales profit or other performance condition must be met in order for the share-based compensation to vest) the company must assess at the end of each period whether it is probable that the performance condition will be met. If it is not probable that the performance condition will be met the company must reverse any compensation expense previously recorded for this share-based compensation (if no compensation expense was"
[YouTube Link](https://youtube.com/watch?v=LZJoZeOUrG0) 2025-04-20T14:00Z 365K followers, [----] engagements
"Sales Tax Payable Sales tax payable is a current liability reported on a company's balance sheet (aka statement of financial position) that represents money collected on behalf of the government for sales taxes. When a company sells a product to a customer and sales tax applies to the transaction the company must record the sales tax collected as a liability and not as part of the sales revenue for the transaction. This is because the company is obligated to hand the sales tax over to the governmental authorities at a future point in time. Thus if a company sells a product to a customer for"
[YouTube Link](https://youtube.com/watch?v=MC7ez6KsAxw) 2024-09-09T14:00Z 365K followers, [----] engagements
"Zero Interest Bearing Note Example A company that issues a zero-interest-bearing note doesn't make periodic interest payments. Instead the company agrees to receive less cash than the note's face value. The difference between the amount of money received and the amount of money the issuer of the note is promising to pay is called the discount. The discount represents implicit interest on the note. To calculate the amount of cash the issuer will receive for the note discount the face value of the note (the amount the issuer is promising to pay) to its present value. The discount rate used to"
[YouTube Link](https://youtube.com/watch?v=NhIXGx-ujzE) 2021-11-30T16:00Z 365K followers, 18.4K engagements
"Spot Rate vs Forward Rate Interest Rates Youll hear the terms spot rate and forward rate a lot when dealing with interest rates. The spot rate is the interest rate on a loan that begins immediately. The forward rate is the implied interest rate on a loan that begins at some point in the future. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=NvlsReCgNJQ) 2021-08-17T15:00Z 365K followers, 24.7K engagements
"Current Expected Credit Loss Accounting The FASB issued an accounting standard update (ASU 2016-13) on current expected credit losses (CECL) on June [--] [----]. Prior to this update companies reported credit losses only when it was probable a loss had been incurred. This incurred loss method became a problem during the [----] financial crisis. Banks werent recognizing losses fast enough as GAAP didnt allow them to consider future developments. Thus in spite of a bleak economic outlook loan loss reserves werent being adjusted to account for the future expected losses. Under the new CECL method"
[YouTube Link](https://youtube.com/watch?v=OEcevqh4IMM) 2022-01-25T15:00Z 365K followers, 11.7K engagements
"Tests of Details for Inventory Audit Substantive procedures consist of analytical procedures and tests of details. When it comes to the inventory audit tests of details include (1) tests of inventory transactions and (2) tests of the ending inventory balance. An example of how an auditor would test inventory transactions would be for the auditor to find a purchase of inventory that was recorded in the client's accounting records and then vouch the transaction because to the related receiving report and purchase order to verify that the inventory was actually ordered and received. An example"
[YouTube Link](https://youtube.com/watch?v=Oe9Civ0GeXo) 2025-09-22T14:00Z 365K followers, [----] engagements
"How to Calculate Pension Expense for a Defined-Benefit Plan This video shows how to calculate pension expense for a defined-benefit plan. A comprehensive example is provided to illustrate how (1) service cost (2) interest cost (3) expected return on plan assets (4) amortization of gains or losses (corridor amortization) and (5) amortization of prior service cost are tallied to generate pension expense. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira"
[YouTube Link](https://youtube.com/watch?v=PQwU-yyPMec) 2016-01-18T01:44Z 365K followers, 79.7K engagements
"Cost Per Equivalent Unit-- FIFO Method vs. Weighted-average Method This video explains the difference between the FIFO Method and the Weight-average Method for calculating cost per equivalent unit. A comprehensive example is presented to illustrate how the weighted-average method includes costs that were incurred in the prior period and thus results in a different cost per equivalent unit than the FIFO Method. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit"
[YouTube Link](https://youtube.com/watch?v=P_Nwchc_pcs) 2015-04-29T00:49Z 365K followers, 165.6K engagements
"Diluted Earnings Per Share Convertible Preferred Shares Preferred stock can affect the calculation of basic earnings per share (EPS) because preferred dividends are subtracted from net income when calculating earnings per share. But CONVERTIBLE preferred stock can also affect DILUTED earnings per share if those convertible preferred shares are convertible into common shares. To calculate diluted earnings per share when there are convertible preferred shares outstanding you need to do two things: (1) Don't subtract preferred dividends for the convertible preferred shares from net income in the"
[YouTube Link](https://youtube.com/watch?v=QAVRJINthW8) 2023-11-20T14:56Z 365K followers, [----] engagements
"Revenue defined and explained This video deals with the concept of Revenue in Financial Accounting. The video explains what Revenue is highlights different types and illustrates why Revenue is different from a Gain with an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=QwzHegsB6JY) 2014-02-11T19:27Z 365K followers, 73.7K engagements
"How to Calculate Diluted Earnings Per Share using the Treasury Stock Method This video shows how to calculate Diluted Earnings Per Share by using the Treasury Stock Method. A comprehensive example is provided to show how the exercise of stock warrants or stock options can dilute earnings per share. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=RyoE1bKHdco) 2015-08-02T00:42Z 365K followers, 65.6K engagements
"Why I Became a Professor People sometimes ask why I became a college professor. I chose to become a professor because of [--] things that I discovered about myself: [--]. I enjoy learning [--]. I enjoy helping people [--]. People said I was good at making difficult concepts easy to understand 0:00 Introduction 0:24 I enjoy learning 1:01 I enjoy helping people 1:57 I'm good at explaining complicated topics Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to"
[YouTube Link](https://youtube.com/watch?v=UaVjT1nDD4Q) 2024-07-22T14:00Z 365K followers, [----] engagements
"Additional Paid in Capital (APIC) This video explains what additional paid-in capital is in the context of financial accounting. It also illustrates how to compute additional paid-in capital with an example journal entry for a stock issuance. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=W0podz5qYfY) 2014-08-29T22:07Z 365K followers, 59.5K engagements
"How to Calculate the Annual Growth Rate for Berkshire Hathaway and S&P [---] The stock of Berkshire Hathaway has significantly outperformed the S&P [---] (including dividends) since Warren Buffett took over Berkshire Hathaway in [----]. This video shows the growth of $1000 invested at the start of [----] until the end of [----] for both Berkshire Hathaway and the S&P [---]. It also shows how to calculate the compound annual growth rate (CAGR) as well as the overall return for both Berkshire Hathaway and the S&P [---] over that 60-year time period. *Note that the overall gain calculated in the video is"
[YouTube Link](https://youtube.com/watch?v=Ws8r1ythq_Y) 2025-06-02T14:00Z 365K followers, [---] engagements
"Sleeping Outside No Tent [--] Degrees Below Zero I decided to sleep outside with no tent last night on a whim. I've been fortunate to go from being homeless to being a college professor and YouTuber with a nice warm home and I want to make sure I don't take any of this for granted. I lived in so many sketchy places in my late teens (tent camper with no heat car storage locker) that I often wonder how I made it through those times. I'm incredibly fortunate to have the life I have today and am doing what I can to help my students achieve their dreams. Edspira is the creation of Michael McLaughlin"
[YouTube Link](https://youtube.com/watch?v=YV3CnTQ95pc) 2025-01-21T23:01Z 365K followers, [----] engagements
"The Production Budget This video explains what a production budget is and demonstrates how to put together a production budget with a comprehensive example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=YwIUeaFkOS8) 2014-12-18T16:49Z 365K followers, 284.1K engagements
"Finance Lease Example with Initial Direct Costs ASC [---] This video shows how a lessee would account for a finance lease under ASC [---] (U.S. GAAP) when the lessee incurs initial direct costs. Per ASC [---] lessees are required to add initial direct costs to the initial right-of-use asset and amortize these costs over time. Here's the formula for calculating the initial right-of-use asset: Initial right-of-use asset = initial lease liability + lease prepayments + initial direct costs incurred by the lessee - incentives received from the lessor Thus initial direct costs incurred by the lessee will"
[YouTube Link](https://youtube.com/watch?v=_PW_M5PW90s) 2024-10-07T14:00Z 365K followers, [----] engagements
"When IRR Fails: The Case of a Nonexistent IRR This video discusses how in certain cases a project has no IRR. In such cases the internal rate of return cannot be used to decide whether to accept the project and the NPV decision rule must be used instead. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
[YouTube Link](https://youtube.com/watch?v=_pImODcxx-g) 2015-03-31T03:44Z 365K followers, 17.1K engagements
"Short-term Investments in Financial Accounting This video explains what short-term investments are in financial accounting and discusses the [--] types: trading securities held to maturity securities and available for sale securities. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=aEPg9lPtai8) 2014-08-29T22:10Z 365K followers, 27.2K engagements
"How Long Does the IRS Have to Collect Money The IRS can't come after a taxpayer for unpaid taxes forever. Once a tax deficiency has been assessed the IRS has ten years from the date of the assessment to collect the tax penalties and/or interest per Section [----] of the tax code. This time period is called the Collection Statute Expiration Date (CSED) and it can be extended if the taxpayer agrees to an installment agreement or if the IRS successfully obtains a court order. The CSED may also be suspended (paused) if the taxpayer: -Files for bankruptcy -Files a request for innocent spouse relief"
[YouTube Link](https://youtube.com/watch?v=azgM3ePnTV4) 2024-06-17T14:00Z 365K followers, [----] engagements
"Unrealized Gains and Losses on Available for Sale Debt Investments This video shows how to recognize unrealized gains or losses on available-for-sale debt investments. AFS debt investments are marked to market each period which means they are presented on the Balance Sheet at fair value. Any unrealized gain or loss bypasses the Income Statement and instead flows through Other Comprehensive Income. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education accessible to all"
[YouTube Link](https://youtube.com/watch?v=bLqQjg9LKvA) 2017-05-19T00:09Z 365K followers, 22.3K engagements
"Gross Profit Margin Ratio Defined and Explained This video defines the gross profit margin ratio and explains its usefulness via an example. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story visit http://www.MichaelMcLaughlin.com"
[YouTube Link](https://youtube.com/watch?v=bPXNgnbRsfw) 2013-07-12T17:29Z 365K followers, 117.6K engagements
"E&P Earnings and Profits (U.S. Corporate Tax) This video discusses the concept of E&P (Earnings and Profits) in corporate tax law. E&P is an account used to measure a corporation's ability to pay dividends. E&P consists of two parts: current E&P and accumulated E&P. The calculation of E&P begins with taxable income and makes adjustments to arrive at current E&P. At the end of the tax year any leftover (undistributed) current E&P is added to accumulated E&P. A corporate distribution can only be considered a dividend to the extent that the corporation has E&P greater than zero. A dividend"
[YouTube Link](https://youtube.com/watch?v=bY5fsu1uDiU) 2017-04-09T15:56Z 365K followers, 29.8K engagements
"Accounting for Transaction Processing Fees When a company accepts payment by credit card the company incurs a transaction processing fee from a payment processing network (Visa MasterCard etc.). Thus if a customer makes a $100 purchase the company won't receive the full $100 due to the transaction processing fee. Transaction processing fees (aka credit card fees or payment processing fees) are an operating expense and not a reduction of sales revenue. Thus if a company accepts a credit card as payment for a $100 purchase and the company is charged a transaction processing fee of 3% the"
[YouTube Link](https://youtube.com/watch?v=bhZE1Dj8hYI) 2024-05-13T15:15Z 365K followers, [----] engagements
"Foreign Exchange Gain or Loss This video shows how to calculate the gain or loss on a foreign currency transaction. A foreign currency gain or loss could occur on an export sale or an import purchase. For example if a U.S. firm sold inventory to a Japanese firm and the Japanese firm promised to pay in Japanese yen at some point after the sale the U.S. firm could recognize a gain or a loss if the exchange rate for converting Japanese yen to U.S. dollars changes between the date the inventory is sold and the date the money is collected. Edspira is the creation of Michael McLaughlin an"
[YouTube Link](https://youtube.com/watch?v=cEhSnSaP3D4) 2020-03-15T23:00Z 365K followers, 43.9K engagements
"Debits and Credits This video explains the concepts of debits and credits in accounting. The video defines what the terms debit and credit mean and how they relate to the basic accounting equation. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=cHzCOA3b9So) 2013-12-19T19:03Z 365K followers, 259.6K engagements
"Expense Ratio of a Mutual Fund This video discusses the various costs that are included in the expense ratio of a mutual fund. The expense ratio typically consists of a management fee (to pay the fund manager) operating expenses (to cover administrative costs such as mailing statements and accounting for the fund) and 12b-1 fees (to promote/advertise the fund). These expenses occur on an ongoing basis and are distinct from the one-time fees associated with a "load." Edspira is your source for business and financial education. To view the entire video library for free visit http://www."
[YouTube Link](https://youtube.com/watch?v=cvXx7On2R7M) 2015-04-29T00:49Z 365K followers, 17.8K engagements
"Unlevered vs Levered Free Cash Flow Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=e0dnE3EXdJ0) 2024-10-28T16:19Z 365K followers, [----] engagements
"The Different Types of Share-based Compensation Publicly-traded companies may grant employees a variety of stock-based compensation. The most common forms of shared-based compensation are restricted stock awards restricted stock units stock options share appreciation rights and employee share purchase plans. A restricted stock award grants stock to an employee; while ownership of the shares is transferred into the employee's name on the grant date the employee isn't free to sell or transfer the shares until the shares have vested (vesting usually takes place after a certain period of"
[YouTube Link](https://youtube.com/watch?v=eemyjxTWTVA) 2024-08-12T14:00Z 365K followers, [----] engagements
"How to Calculate Compound Annual Growth Rate The compound annual growth rate (CAGR) can be calculated to measure the return of an investment to calculate GDP growth to calculate sales growth etc. The compound annual growth rate is calculated as follows: compound annual growth rate = (ending value / beginning value) (1/t) - [--] The compound annual growth rate differs from the average annual growth rate (which is the sum of each annual growth rate divided by the number of growth periods). The compound annual growth rate takes into consideration the effects of compounding whereas the average"
[YouTube Link](https://youtube.com/watch?v=emzMykviptI) 2025-05-20T14:00Z 365K followers, [----] engagements
"The Inventory Management Process This video provides an overview of the inventory management process for both manufacturers and retailers. The inventory management process is slightly more complicated for manufacturers because manufacturers build their inventory whereas retailers simply purchase inventory from manufacturers. The inventory management process can be broken down into the following steps: [--]. Order and receive inventory [--]. Requisition raw materials into production (manufacturers only) [--]. Manufacture the inventory (manufacturers only) [--]. Store the inventory [--]. Ship the inventory 6."
[YouTube Link](https://youtube.com/watch?v=gvxR1p_r1Lw) 2025-07-21T14:01Z 365K followers, [----] engagements
"Profitability Index This video discusses the Profitability Index a metric that is used to select which positive-NPV projects to accept when there is a resource constraint (e.g. a budget). The video provides a comprehensive example to show how the Profitability Index is calculated demonstrates how to use the Profitability Index in evaluating the pool of projects and highlights two assumptions that must be valid for the Profitability Index method to work. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to"
[YouTube Link](https://youtube.com/watch?v=h0OcPTfoGQw) 2015-06-05T23:07Z 365K followers, 120K engagements
"How Debt Increases Return on Equity A company can increase return on equity by having a financial structure that is more heavily geared toward debt rather than equity. This is because higher financial leverage (assets / equity) increases return on equity when the company is profitable. We can decompose ROE into [--] components: profit margin asset turnover and financial leverage: ROE = profit margin x asset turnover x financial leverage This shows why higher financial leverage results in a higher return on equity provided the company is profitable. We can further condense this equation to show"
[YouTube Link](https://youtube.com/watch?v=hMlPVLxv7bc) 2025-10-13T14:01Z 365K followers, [----] engagements
"Restricted Stock Award Deferred Tax Asset This video shows how a company would account for a restricted stock award when the restricted stock award creates a deferred tax asset. For purposes of financial reporting companies expense the fair value of a restricted stock award (the fair value as of the grant date) over the vesting period of the restricted shares. For U.S. tax purposes however companies don't get a tax deduction until the restricted stock award vests. Thus when a restricted stock award is expensed for financial reporting purposes before it is deductible for tax purposes this"
[YouTube Link](https://youtube.com/watch?v=hOxhhQBCHmM) 2025-04-28T14:01Z 365K followers, [---] engagements
"How to Calculate Basis for S Corporation Stock A shareholder's basis in S corporation stock is calculated by making a series of upward and downward adjustments to the shareholder's initial stock basis. You can calculate a shareholder's basis in S corporation stock as follows: initial basis + capital contributions + ordinary income (pro rata share) + separately stated income (pro rata share) + tax-exempt income (pro rata share) + non-oil and non-gas depletion in excess of the property's basis (pro rata share) - distributions not reported as income - nondeductible noncapital expenses such as"
[YouTube Link](https://youtube.com/watch?v=i9go4Co2gRo) 2023-07-24T14:00Z 365K followers, 11.1K engagements
"Direct Labor Budget This video shows how to prepare a Direct Labor Budget. Manufacturing companies create a Direct Labor Budget so they know how much direct labor they will use and how much the direct labor is expected to cost. To prepare a Direct Labor Budget you must first prepare the Production Budget. This is because the Production Budget will tell you the required production for each period and the required production is part of the Direct Labor Budget. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission"
[YouTube Link](https://youtube.com/watch?v=irIXP27AH6M) 2018-10-07T23:00Z 365K followers, 53.5K engagements
"Where to Find Advertising Expense in the Financial Statements Because advertising expense is an expense you might think it would appear on a company's income statement. But advertising expense doesn't appear as a line item on the income statement for most publicly-traded companies. Instead advertising expense is buried within the line item "selling general and administrative expense" (aka SG&A expense). Thus to find a company's advertising expense you need to go to the notes that accompany the financial statements. In the notes companies will typically tell you the amount of advertising"
[YouTube Link](https://youtube.com/watch?v=k0jCXaDL-qg) 2025-05-26T14:01Z 365K followers, [---] engagements
"How to Account for Research and Development Cost This video shows how to account for research and development costs under both U.S. GAAP (ASC 730) and IFRS (IAS 38). While many research and development costs are expensed as incurred some research and development costs are capitalized. This video: -Explains what is and what is not considered research and development costs -Explains which research and development costs are expensed as incurred and which are capitalized -Highlights important differences in the accounting for research and development costs between U.S. GAAP and IFRS Edspira is"
[YouTube Link](https://youtube.com/watch?v=kC9m2TQxbqM) 2025-06-23T14:01Z 365K followers, [----] engagements
"How to Interpret Statement of Stockholders' Equity The statement of stockholders' equity shows why a company's various stockholders' equity accounts (as well as total stockholders' equity) changed during the period. The statement of stockholders' equity contains a lot of information so it can be helpful to break it down to the following formula that highlights the changes in stockholders' equity that occurred: Beginning balance stockholders' equity +/- Comprehensive income + Capital contributions - Share repurchases - Dividends Ending balance stockholders' equity Thus stockholders' equity"
[YouTube Link](https://youtube.com/watch?v=kFluf9Ui800) 2025-06-16T14:01Z 365K followers, [----] engagements
"Where to Find Research and Development Expense in the Financial Statements This video shows you where to find research and development expense (R&D expense) in a company's financial statements. Most companies don't have a line item on their income statement that says "research and development expense." This is because research and development expense is usually included in SG&A expense (although some companies include research and development expense in cost of goods sold). However both U.S. GAAP (ASC 730) and IFRS (IAS 38) require companies to disclose their total research and development"
[YouTube Link](https://youtube.com/watch?v=km-sR0kbovE) 2025-06-30T14:01Z 365K followers, [---] engagements
"Present Value of an Annuity This video explains how to calculate the present value of an annuity. A formula is presented for calculating the present value of an annuity and an example is used to illustrate the calculations. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=lsc06_SnJts) 2013-09-17T18:18Z 365K followers, 379.8K engagements
"Analyzing Disney's Financial Statements In this video I analyze revenue growth profitability and cash flow for the company Disney. I also break out the analysis further by looking at Disney's revenue growth and profitability by operating segment. The analysis shows improved financial performance (particularly cash flow) since Bob Iger was re-hired as CEO. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE"
[YouTube Link](https://youtube.com/watch?v=lyr_-wkmBU4) 2025-11-26T15:31Z 365K followers, [----] engagements
"How to Analyze Gross Margin Percentage It's important to analyze changes in a company's gross margin percentage over time. The gross margin percentage is calculated as follows: (net sales - cost of goods sold) / net sales x [---] There are many different reasons why a company's gross margin percentage may increase or decrease and these changes may be revenue-driven or cost-driven. An example of a revenue-driven change would be if a company initiates price cuts to stimulate demand. An example of a cost-driven change would be if the company's cost of raw materials were to increase. In both cases"
[YouTube Link](https://youtube.com/watch?v=n2t997U8Oo4) 2025-08-25T14:01Z 365K followers, [----] engagements
"Internal Controls Inventory Management Process When performing the inventory audit an auditor needs to perform a walkthrough of the client's inventory management process to understand the internal controls that are in place (later the auditor can test the effectiveness of those internal controls). The auditor should gain an understanding of entity-level controls (does the audit committee meet frequently does management regularly review the number of days it takes to sell inventory etc.) as well as internal controls like segregation of duties using prenumbered receiving reports comparing the"
[YouTube Link](https://youtube.com/watch?v=nDICrkVo9VQ) 2025-08-18T14:01Z 365K followers, [----] engagements
"How to Calculate Beta using Covariance and Variance This video shows how to calculate the beta of a stock using the covariance of the stock with the market index. Beta is equal to: (1) the covariance of a company's stock returns with the returns of the market index (e.g. the returns of the S&P 500) divided by (2) the variance of the returns of the market index. Covariance / variance = beta For example if we are examining monthly stock returns for a company called Fluffy Love and the S&P [---] for the past five years and we find that the covariance between the returns of Fluffy Love and the"
[YouTube Link](https://youtube.com/watch?v=nDcZJcxOwVI) 2018-08-26T23:07Z 365K followers, 109.2K engagements
"How to Tell if a Company is Profitable from Financial Statements Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=n_Mf6Q5rIYQ) 2025-11-03T15:01Z 365K followers, [----] engagements
"Equity Value vs. Enterprise Value The enterprise value measures the entire value of a firm whereas the equity value represents the value attributable to common shareholders. The enterprise value is calculated as follows: enterprise value = equity value + net debt + preferred stock + noncontrolling interest Where net debt equals debt minus cash and cash equivalents. The enterprise value can be estimated by forecasting a company's unlevered free cash flows and discounting them to their present value. The resulting figure is the enterprise value; the implied equity value can then be calculated"
[YouTube Link](https://youtube.com/watch?v=ncxGLI1vq7A) 2025-10-20T14:01Z 365K followers, [----] engagements
"Tax Deduction for Tips US Tax The One Big Beautiful Bill Act (OB3) created a tax deduction for qualified tips per [---] of the tax code starting with the [----] tax year. This is a deduction from AGI (below-the-line deduction) so it doesnt reduce the taxpayers AGI. However taxpayers dont need to itemize deductions to be able to take this deduction. The tips will still be subject to Social Security and Medicare. Qualified tips are tips received in an occupation that customarily and regularly receives tips per 224(d)(1). Tips paid by cash debit card or credit card (or under a tip-sharing"
[YouTube Link](https://youtube.com/watch?v=pCe9KYf5juk) 2025-07-07T14:01Z 365K followers, [---] engagements
"How to Make a Multi-step Income Statement This video shows how to create a multi-step income statement. A list of accounts is used to make a multi-step income statement in good form. The video also explains why a multi-step income statement is more informative than a single-step income statement. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.EducationUnlocked.org/ To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The"
[YouTube Link](https://youtube.com/watch?v=pi2TopQgBtE) 2016-09-18T21:52Z 365K followers, 110.5K engagements
"Retained Earnings formula This video shows the formula for Retained Earnings. The ending balance of Retained Earnings is equal to the beginning balance of Retained Earnings plus the Net Income (or minus the Net Loss) for the period and minus any dividends declared during the period. The video provides an example of the Retained Earnings formula using actual financial data for the grocery store chain Kroger. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely"
[YouTube Link](https://youtube.com/watch?v=q53unygjaCk) 2019-01-30T00:00Z 365K followers, 33.3K engagements
"Average Cost Inventory Method This video explains how to use the average cost method to calculate cost of goods sold and ending inventory. An example is presented to illustrate how the average cost method is used to compute COGS and inventory. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
[YouTube Link](https://youtube.com/watch?v=qAWVVw-dC5A) 2014-08-31T22:28Z 365K followers, 389.4K engagements
"Retail Inventory Method This video shows how to use the retail inventory method in Financial Accounting. The retail inventory method is a quick and cheap way to estimate the ending inventory. Instead of doing a physical count of the inventory you calculate the cost-to-retail percentage and use it to determine how much inventory was in Cost of Goods Sold which then allows you to calculate the ending inventory. The video provides an example that shows how to compute the ending inventory using the cost-to-retail percentage. There are a couple of drawbacks to using the retail inventory method. It"
[YouTube Link](https://youtube.com/watch?v=qOef7bbzpEo) 2017-04-30T15:09Z 365K followers, 58.9K engagements
"Systematic Risk vs Unsystematic Risk This video shows the difference between systematic risk (market risk) and unsystematic risk (firm-specific risk diversifiable risk). Unsystematic risk results from events that have a unique effect on a firm's stock price (e.g. the CEO is fired) while systematic risk results from common shocks that affect all firms (the U.S. Federal Reserve decides to cut interest rates). When an investor chooses to invest in a portfolio of different stocks the firm-specific risks average out (one firm has a good event while another has a bad event); the volatility (a"
[YouTube Link](https://youtube.com/watch?v=qPu4TEGIDYI) 2016-01-18T01:33Z 365K followers, 95.9K engagements
"Introduction to Beta in Corporate Finance This video shows what beta is in the context of Corporate Finance. Beta is the percentage change in an asset's return given a 1% change in the return of the market portfolio (an index such as the S&P [---] is commonly used to proxy for the market portfolio. Beta is important because it measures the amount of systematic risk an asset has. Because unsystematic risk (firm-specific risk) can be diversified away the systematic risk of an asset is what determines the risk premium demanded by investors for holding the asset. Thus beta can be used to calculate"
[YouTube Link](https://youtube.com/watch?v=sYu8E8kjCT0) 2016-01-18T01:33Z 365K followers, 189.7K engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@edspira Edspira
Edspira posts on YouTube about accounting, how to, business, education the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.
Engagements: [-----] #
Mentions: [---] #
Followers: [-------] #
CreatorRank: [-------] #
Social Influence
Social category influence finance stocks countries currencies technology brands cryptocurrencies premier league automotive brands champions league financial services
Social topic influence accounting #116, how to, business, education, finance #2225, the world, make a, balance sheet #1606, in the, company
Top assets mentioned Microsoft Corp. (MSFT) Mastercard, Inc. (MA)
Top Social Posts
Top posts by engagements in the last [--] hours
"3 Types of Manufacturing Costs (Direct Materials Direct Labor Manufacturing Overhead) This videos identifies and defines the three types of manufacturing costs: Direct Materials Direct Labor and Manufacturing Overhead. The video also provides examples of each type of manufacturing cost to better illustrate the concepts. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:31Z 365K followers, 363.8K engagements
"NPV vs IRR This video compares and contrasts NPV and IRR noting several situations in which IRR cannot be used. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-09-18T20:05Z 365K followers, 364.8K engagements
"Job-order Cost System Explained Todays topic is Job Costing aka Job-order Costing. A job-order cost system is used by companies that make small numbers of distinct products. To calculate the cost of making a bib you would first create a job cost sheet. This is just a document that lists all the costs of the job. Next you would assign costs to the job as it moves through the production process. You add the cost of: Direct materials used Direct labor Manufacturing overhead 0:00 Introduction 0:38 How to calculate the cost per unit for a job 0:48 Why assign costs to jobs 0:59 Job costing vs."
YouTube Link 2022-01-31T16:08Z 365K followers, 76.7K engagements
"How to Calculate IRR (using trial and error) This video shows how to calculate the IRR using trial and error. The IRR (internal rate of return) is the rate of return that would result in an NPV (net present value) of zero for the project if that rate of return is used as discount rate. The IRR can be found using trial and error. This involves setting up an equation with the discounted cash flows equal to zero and then solving for the value of "r" that makes the equation balance. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a"
YouTube Link 2018-11-07T00:00Z 365K followers, 205K engagements
"What is Asset Liability Management in Banking A bank is a financial intermediary that collects funds from depositors and lends the funds to others at a higher rate than it pays to depositors (this is the net interest margin). Historically you could calculate a banks profit as follows: interest earned from borrowers interest paid to depositors = bank profit To increase profit banks focused on funding their activities at the lowest possible cost. But the banking industry has changed significantly. Loans used to account for nearly all of a banks revenue; today banks generate additional income"
YouTube Link 2021-07-26T15:00Z 365K followers, 62.3K engagements
"Property Plant and Equipment (PP&E) This video explains what property plant and equipment means in the context of financial accounting. It also discusses how PP&E is recorded at cost and presented net of accumulated depreciation. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can"
YouTube Link 2014-08-29T22:08Z 365K followers, 96.8K engagements
"No-par vs Par Stock Some companies issue stock that has a par value while other companies issue no-par stock. In both cases total assets and total stockholders' equity increase as a result of the stock issuance. However there is a difference in the accounts that are credited based on whether the stock has a par value. For example let's say a company issues [----] common shares with a par value of $2/share and a market value of $40/share. The company would debit the cash account for $200000 ($40/share * [----] shares). In addition the company would credit the common stock account for $10000"
YouTube Link 2021-11-22T16:00Z 365K followers, 16.6K engagements
"How to Become a CPA in the US To become a licensed CPA you need to do three things: [--]. Meet the requirements to sit for the CPA exam [--]. Pass the CPA exam [--]. Meet the licensing requirements for the state in which you plan to practice The requirements to sit for the CPA exam and the requirements to obtain a CPA license are different for each jurisdiction. There are [--] jurisdictions in the U.S. including: The [--] U.S. states Washington D.C. Puerto Rico Guam The U.S. Virgin Islands The Northern Mariana Islands Its important that you check the requirements for your jurisdiction. *CONTACT INFO FOR"
YouTube Link 2022-07-18T14:00Z 365K followers, 39.4K engagements
"Assertions about Classes of Transactions and Events (Auditing) A company's management makes several assertions about the transactions and event that took place during the fiscal period. It is the job of the external auditor to evaluate these assertions: [--]. Occurrence (did the transactions that were recorded actually occur) [--]. Completeness (were all of the transactions that should have been recorded actually recorded) [--]. Authorization (were all the transactions properly authorized) [--]. Accuracy (were the amounts recorded correctly) [--]. Cutoff (were the transactions recorded in the correct"
YouTube Link 2020-08-26T17:00Z 365K followers, 38.8K engagements
"Calculating the Tax Equivalent Yield This video demonstrates how to calculate the tax-equivalent yield of a tax-exempt investment. A comprehensive example is presented that computes the tax-equivalent yield of a tax-exempt municipal bond. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people"
YouTube Link 2015-04-17T22:39Z 365K followers, 16.2K engagements
"Cash and Cash Equivalents This video explains what Cash and Cash Equivalents are and discusses the circumstances under which restricted cash is classified as a current or noncurrent asset. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-08-29T22:10Z 365K followers, 81K engagements
"Cost Per Equivalent Unit FIFO Method Part [--] This video shows how to calculate the Cost Per Equivalent Unit using the FIFO Method. A comprehensive example is provided to demonstrate how the equivalent units of production and the cost per equivalent unit are computed. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase"
YouTube Link 2015-04-29T00:49Z 365K followers, 239.6K engagements
"Accounting for Warranty Expense This video explains how to accrue warranty expense using the accrual method. It also illustrates how to apply the accrual method with an example and highlights the differences between the cash basis and accrual basis for warranty accounting. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.EducationUnlocked.org/ To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is"
YouTube Link 2014-09-02T15:11Z 365K followers, 76K engagements
"Free Cash Flow This video defines free cash flow provides an equation for calculating free cash flow and illustrates the equation with an example. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story visit"
YouTube Link 2013-12-19T19:01Z 365K followers, 274.9K engagements
"Net Present Value (NPV) This video explains the concept of Net Present Value and illustrates how to calculate the Net Present Value of a project via an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-09-17T21:52Z 365K followers, 1.4M engagements
"Deferred Tax Assets in Financial Accounting This video shows what a deferred tax asset is in Financial Accounting. Deferred tax assets reduce taxes paid in future periods (they represent future tax savings). Deferred tax assets result from temporary differences between book and tax income. This video provides an example to illustrate how a deferred tax asset could arise and the journal entries that would be necessary to record the deferred tax asset. This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University"
YouTube Link 2016-09-26T01:57Z 365K followers, 212.6K engagements
"How the Balance Sheet and Income Statement are Connected This video shows how the balance sheet and income statement are related to one another. The income statement includes temporary accounts that are netted to compute "Net Income." At the end of the year these temporary accounts are closed out (their balances are made to equal zero) and the Net Income (or Net Loss) is transferred to the permanent balance sheet account "Retained Earnings." The temporary account "Dividends" is also closed out at year-end to the permanet balance sheet account "Retained Earnings." Thus the result of the income"
YouTube Link 2016-10-02T20:41Z 365K followers, 32.7K engagements
"The Audit Risk Model The audit risk model shows audit risk (the risk the auditor will issue an incorrect opinion when the financial statements are materially misstated) as a function of [--] factors: (1) inherent risk (2) control risk and (3) detection risk. Inherent risk is the susceptibility of an account to material misstatement in the absence of internal controls; inherent risk is based on the business environment the nature of the transactions and the integrity of the client's management. Control risk is the likelihood that a material misstatement will not be caught by the client's internal"
YouTube Link 2019-02-26T00:00Z 365K followers, 168.5K engagements
"3 Ways to Allocate Costs to Multiple Support Departments (Direct Step-down and Reciprocal methods) This video discusses three different ways to allocate the costs of multiple support departments when the support departments provide services to each other. The key question is how to treat the costs of services that the support departments provide to each other. The Direct Method does not allocate any of these costs the Step-down Method allocates some of these costs and the Reciprocal Method allocates all of these costs. Edspira is the creation of Michael McLaughlin an award-winning professor"
YouTube Link 2016-01-18T01:19Z 365K followers, 129.7K engagements
"Cost Volume Profit Analysis (CVP): calculating the Break Even Point This video illustrates how to calculate the Break Even Point using Cost Volume Profit Analysis (CVP). Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-12T05:38Z 365K followers, 417.8K engagements
"Activity Based Costing (with full-length example) This video explains the process of Activity-based Costing and illustrates how Activity-based Costing is used with an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-11-12T20:52Z 365K followers, 711.6K engagements
"Cost Per Equivalent Unit (weighted average method) This video explains what equivalent units are in the context of managerial accounting and demonstrates how to calculate the cost per equivalent unit with an in-depth example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-09-12T01:21Z 365K followers, 419.3K engagements
"Should you Major in Accounting or Finance Should you major in accounting or finance That depends What classes are you good at What kind of work do you find fulfilling What are your career goals Whats the reputation of your university This video explores these questions in more detail. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2024-07-15T14:00Z 365K followers, 15.3K engagements
"Incremental IRR Due to differences in the scale timing and riskiness of projects we cannot simply compare the IRRs (incremental rates of return) of two projects. However we can compute the incremental cash flows of choosing one project versus the other and compute an incremental IRR for these cash flows. This incremental IRR can then be compared to the discount rate to determine which project is more profitable. That being said the incremental IRR is problematic when some of the negative cash flows do not precede the positive cash flows. Furthermore the incremental IRR tells us which project"
YouTube Link 2015-04-04T02:56Z 365K followers, 134.8K engagements
"Time Value of Money (concept explained) This video explains the concept of the time value of money as it pertains to finance and accounting. An example is given to illustrate why there is a time value associated with the timing of cash flows. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-09-17T16:19Z 365K followers, 490.1K engagements
"Overview of Certifications for Accountants Here is a list of certifications held by accountants with links to obtain more information: CPA in the U.S. (Certified Public Accountant): https://us.aicpa.org/becomeacpa/gettingstarted ACCA (Association of Chartered Certified Accountants): https://www.accaglobal.com/gb/en/qualifications/glance.html CMA (Certified Management Accountant): https://www.imanet.org/cma-certification/getting-startedssopc=1 CGMA (Chartered Global Management Accountant): https://us.aicpa.org/membership/cgma-designation CIA (Certified Internal Auditor):"
YouTube Link 2022-11-07T15:00Z 365K followers, 84.6K engagements
"Basic Cost Concepts.with a touch of humor Managerial Accounting This video covers basic cost concepts.with a touch of humor for managerial accounting. Before discussing Managerial Accounting topics such as activity-based costing and the Balance Scorecard it's important to have a strong foundation in the basic cost concepts. This includes understanding what a cost is and knowing the distinction between direct and indirect costs. For manufacturers this also includes knowing the difference between product and period costs. It is also critical to understand concepts such as opportunity cost and"
YouTube Link 2020-09-28T15:00Z 365K followers, 152.8K engagements
"Ordinary Annuity vs Annuity Due This video explains the difference between an ordinary annuity and an annuity due. Both an ordinary annuity and an annuity due are a stream of cash flows; the difference is in the timing of those cash flows. With an annuity due the first cash flow occurs today. With an ordinary annuity the first cash flow occurs one period from now. Thus the cash flows for an annuity due will begin one period sooner (and will end one period sooner) than the cash flows for an ordinary annuity. Regarding the formulas the value of an annuity due is simply the value of the ordinary"
YouTube Link 2018-11-12T00:00Z 365K followers, 128.1K engagements
"The [--] Types of Audit Opinions This video discusses the [--] types of audit opinions that an external auditor may provide after conducting an audit. Companies hire an external auditor to provide an opinion as to whether their financial statements have been presented fairly and the types of opinions that may be issued are: an unqualified opinion a qualified opinion an adverse opinion and a disclaimer of opinion. An unqualified opinion also known as a clean opinion is issued when the auditor believes that the financial statements are free of material misstatements. A qualified opinion is issued"
YouTube Link 2017-09-10T14:06Z 365K followers, 151.3K engagements
"Depreciation Change in Useful Life Companies sometimes revise the estimated useful life and/or expected residual value for fixed assets. If this happens you don't need to restate the financial statements for prior periods. Instead you just need to use the revised figures to calculate depreciation going forward. If the company uses the straight-line depreciation method for example the new annual depreciation expense would be calculated as follows: (net book value - new residual value) / new remaining useful life Edspira is the creation of Michael McLaughlin an award-winning professor who went"
YouTube Link 2021-11-01T15:00Z 365K followers, 34.7K engagements
"The Income Statement defined and explained This video defines what an income statement is and provides a brief explanation of its role. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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 *"
YouTube Link 2013-07-15T06:20Z 365K followers, 198.8K engagements
"9 Types of Audit Procedures and Evidence Auditors may use [--] different types of audit procedures to collect evidence during the course of an audit. These audit procedures include: (1) inquiry (2) confirmation (3) inspection of records or documents (vouching and tracing) (4) inspection of tangible assets (5) observation (6) recalculation (7) reperformance (8) analytical procedures and (9) scanning. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to"
YouTube Link 2019-02-27T00:00Z 365K followers, 129.8K engagements
"Contribution Margin This video explains what the Contribution Margin is in the context of managerial accounting. The formula for calculating a firm's Contribution Margin is provided and several examples are used to demonstrate how Contribution Margin is calculated and used in actual practice. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-11-17T19:42Z 365K followers, 250.8K engagements
"The Audit Committee This video discusses the composition and role of a corporation's audit committee. The audit committee is a group of people drawn from the company's board of directors. Each member of the audit committee must be an outside director otherwise known as an independent director which means they have no material interest in the company. The audit committee is responsible for hiring the company's external auditor negotiating the external auditor's pay and mediating disagreements between the company's executives and the external auditor. Edspira is the creation of Michael"
YouTube Link 2017-09-10T14:06Z 365K followers, 70.9K engagements
"Direct vs. Indirect Costs This video defines direct and indirect costs and provides an example to illustrate the difference between direct and indirect costs. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-09-04T21:45Z 365K followers, 215.3K engagements
"Accumulated Other Comprehensive Income This video explains the concept of Accumulated Other Comprehensive Income a balance sheet item. An example is provided to demonstrate how Accumulated Other Comprehensive Income is calculated. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-09T21:58Z 365K followers, 37.8K engagements
"Monetary Unit Sampling Monetary unit sampling is a type of variables sampling that is used to determine whether account balances or transactions contain misstatements. Monetary unit sampling treats each individual dollar as a sampling unit; thus larger-dollar account balances or transactions are more likely to be included in the sample. Monetary unit sampling is easier to use than classical variables sampling and it is the better method when the sample is likely to continue small (or no) misstatements. Monetary unit sampling is frequently used to test for overstatements particularly in"
YouTube Link 2019-10-27T23:00Z 365K followers, 33.2K engagements
"Lower of Cost or Net Realizable Value Rule for Inventory Inventory is presented on the Balance Sheet at the lower of cost or net realizable value where the net realizable value is the expected selling price minus any costs to complete the sale. If a company's net realizable value decreases such that it is lower than the inventory's cost the company should take an inventory writedown for the amount of the difference. International Financial Reporting Standards (IFRS) require all companies to use the lower-of-cost-or-net-realizable-value rule. U.S. GAAP also has the"
YouTube Link 2020-08-17T17:00Z 365K followers, 94.1K engagements
"Joint Product Costs and the Splitoff Point This video introduces the concept of joint costs and the splitoff point in managerial accounting. Joint products refer to two or more products that are produced from the same input. The point at which the raw product is transformed into multiple joint products is known as the splitoff point. (Note: a product with a relatively low sales value may be referred to as a by-product rather than a joint product) Costs incurred prior to the splitoff point are known as joint costs. Joint costs are commonly allocated to the individual joint products (using the"
YouTube Link 2016-01-18T01:12Z 365K followers, 149.3K engagements
"What to Do with Accounting Degree There are lot of things you can do with an accounting degree with multiple career paths in public accounting and private industry. You could even start your own business or break into finance. In this video I focus on jobs you can get right out of college with an accounting degree. If you go into public accounting you can work in audit tax or consulting. If you work for a smaller public accounting firm you might end up doing a mix of these activities. If you go into private industry you'll do the accounting for a single firm (as opposed to public accounting"
YouTube Link 2023-10-02T14:00Z 365K followers, 86.6K engagements
"How to Calculate the Effective Annual Rate of Interest (EAR) This video demonstrates how to use an easy formula to calculate the Effective Annual Rate of Interest (EAR). Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-10T04:01Z 365K followers, 279.5K engagements
"How to Calculate the Issue Price of a Bond (Annual Interest Payments) This video shows how to calculate the issue price of a bond that pays annual interest. The issue price is the sum of: (1) the present value of the face value of the bond which is to be paid when the bond matures and (2) the present value of the interest payments. This video provides the formulas to calculate these present values and illustrates the computations using an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a"
YouTube Link 2017-05-19T00:09Z 365K followers, 55.2K engagements
"How to Calculate Cost of Equity using CAPM This video shows how to calculate a company's cost of equity by using the Capital Asset Pricing Model (CAPM). You can calculate the cost of equity for a company by using the following formula: Cost of Equity = Risk-free Rate + Beta * (Expected Market Return - Risk-free Rate) For example let's say the risk-free rate is 2% and the expected market return is 10%. If a company's beta is [---] its cost of equity would be 22%. This cost of equity is the required rate of return that investors would expect to receive based on the company's systematic risk. If"
YouTube Link 2018-09-09T23:00Z 365K followers, 143.5K engagements
"Introduction to Managerial Accounting This video defines Managerial Accounting and explains five key functions: planning decision-making motivating controlling and performance evaluation. Because Cost Accounting is a subset of Managerial Accounting this video introduces topics that pertain to both Managerial Accounting and Cost Accounting. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
YouTube Link 2014-02-11T19:30Z 365K followers, 507.5K engagements
"What is an Audit An audit is a type of assurance service that lends credibility to a company's financial statements. If you are thinking of investing in or lending money to a business you will want to see the company's financial statements. However it is possible that the numbers in the financial statements are inaccurate due to mistakes or fraud. For this reason companies will hire an independent third party to conduct an audit of the financial statements. In the U.S. for example a certified public accountant (CPA) would perform a series of tests to verify that assertions made in the"
YouTube Link 2019-01-28T00:00Z 365K followers, 113.3K engagements
"How to Make a Consolidated Balance Sheet with Noncontrolling Interest This video shows how to make a consolidated balance sheet when one company acquires more than 50% but less than 100% of another company. The accounting is slightly different from a 100% acquisition because the purchaser must create a stockholders' equity account called noncontrolling interest which represents the minority shareholder's claims against the net assets of the target corporation (e.g. if your firm acquires 70% of a target you must consolidated 100% of the target's assets and liabilities but then recognize a"
YouTube Link 2017-05-28T22:03Z 365K followers, 65K engagements
"IRR (Internal Rate of Return) This video explains the concept of IRR (the internal rate of return) and illustrates how to calculate the IRR via an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-09-18T18:39Z 365K followers, 1.6M engagements
"Lower of Cost or Market Rule for Valuing Inventory This video shows how to apply the lower-of-cost-or-market rule to value inventory. A comprehensive example is presented to illustrate how the original cost of the inventory is compared to its "market" value (the middle value of replacement cost net realizable value and net realizable value minus the normal profit) to determine whether an inventory writedown is necessary. The video then demonstrates how to record the appropriate writedown with a journal entry. Edspira is your source for business and financial education. To view the entire"
YouTube Link 2015-07-27T01:00Z 365K followers, 138.7K engagements
"The [--] Types of Audit Tests Auditors perform [--] general types of tests: (1) risk assessment tests (2) tests of controls and (3) substantive procedures. Risk assessment tests focus on understanding the risk of material misstatement. Tests of controls are designed to assess whether the client's internal controls are effective - in particular whether the internal controls would prevent a material misstatement or detect and correct a material misstatement. Substantive procedures are used to detect material misstatements and can be grouped into two categories: (1) tests of details (tests of"
YouTube Link 2019-02-19T00:00Z 365K followers, 119.3K engagements
"Sum of the Years' Digits Depreciation This video explains the sum-of-the-years'-digits depreciation method and illustrates how to calculate depreciation expense using the sum-of-the-years'-digits depreciation method. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-08-29T22:04Z 365K followers, 141.7K engagements
"The Accounting Standards Codification (ASC) U.S. GAAP This video discusses the Accounting Standards Codification (ASC) which contains the generally accepted accounting principles (GAAP) for companies in the United States. The Financial Accounting Standards Board (FASB) codified the accounting standards into one central location in [----]. Prior to the ASC there was a hierarchy of GAAP with certain things being more authoritative than others. Now that the codification has taken place there is a single layer of GAAP. The FASB periodically amends the ASC with an Accounting Standards Update (ASU)."
YouTube Link 2017-08-20T19:14Z 365K followers, 31.7K engagements
"FIFO Inventory Method This video explains how to compute cost of goods sold and ending inventory using the FIFO (first in first out) inventory cost assumption. An example is provided to illustrate how FIFO is used to calculate COGS and inventory. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
YouTube Link 2014-08-31T22:27Z 365K followers, 1M engagements
"Relevant Costs (Managerial Accounting) When making decisions managers should only focus on relevant costs-- those costs that differ among the various alternatives. This video shows how to evaluate relevant costs (and ignore sunk costs or costs that do not change depending on the decision) in determining whether to drive a car or take a train from St. Louis to Chicago. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A"
YouTube Link 2016-02-21T19:09Z 365K followers, 186K engagements
"The Basic Accounting Equation This video explains the basic accounting equation and provides an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-10T22:34Z 365K followers, 424.8K engagements
"Customer Profitability Analysis (Activity Based Costing) This video shows how to perform profitability analysis using activity-based costing. Many companies serve a variety of customer types. By calculating the profitability of each type of customer the company can determine which customer types are the most profitable and whether some customers are unprofitable. The profitability of a customer type is determined by charging direct (traceable) costs to the customer type and then allocating indirect costs to the customer type using activity-based costing. Edspira is the creation of Michael"
YouTube Link 2018-09-18T23:00Z 365K followers, 55.5K engagements
"Activity Based Costing Step by step In todays episode were going to discuss activity-based costing or ABC for short. ABC is a cost system that can be used to: Measure the cost of providing a good or service Calculate the profitability of a companys product lines Perform customer profitability analysis So why is ABC better than traditional cost systems With traditional cost systems you lump all the overhead costs into a single bucket and then spread them across products using a single cost driver that may not be correlated with overhead. But with ABC you: Identify the activities that logically"
YouTube Link 2022-03-01T15:00Z 365K followers, 59.6K engagements
"The Sarbanes Oxley Act of [----] This video discusses the main effects of the Sarbanes-Oxley Act on companies executives and audit firms. Sarbanes-Oxley (also known as SOX) is a federal law that was passed by Congress in response to a wave of accounting frauds in [----]. SOX requires a public company's CEO and CFO to certify that the company's financial statements are accurate. It also increased the penalties for accounting fraud and required firms to test the effectiveness of their internal controls. The company must then issue a report on the effectiveness of its internal controls; similarly"
YouTube Link 2017-08-20T19:14Z 365K followers, 129.5K engagements
"Capital Asset Pricing Model This video discusses the Capital Asset Pricing Model (CAPM). The Capital Asset Pricing Model can be used to determine the expected rate of return for a security. Here is the formula for the Capital Asset Pricing Model: Expected Return = Risk-free Rate + Beta * (Expected Market Return - Risk-free Rate) The expected return of a security is thus a function of: (1) the risk-free rate (2) the systematic risk of the security (beta) and (3) the market risk premium (the expected market return minus the risk-free rate). Edspira is the creation of Michael McLaughlin an"
YouTube Link 2018-09-04T23:00Z 365K followers, 189.6K engagements
"How to Calculate the Payback Period This video shows how to calculate the Payback Period when the payback period is not an integer (for example if the payback period is [---] years). Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's"
YouTube Link 2016-01-04T00:45Z 365K followers, 443.9K engagements
"Internal Control Revenue Cycle Before you can test a clients internal controls you first need to know which internal controls are in place. The auditor can identify the internal controls by asking the clients employees to complete a questionnaire and by doing a walkthrough of the revenue and collection cycle. The walkthrough would involve following a sale from the initial customer purchase all the way through to the collection of the receivable. If the auditor notices an area where a misstatement might occur during the walkthrough the auditor should ask: has the client designed a control that"
YouTube Link 2022-05-09T14:00Z 365K followers, 15.1K engagements
"Introduction to Budgeting (Managerial Accounting) This video explains what a budget is (in the context of managerial accounting) and discusses why the budgeting process is useful to organizations. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-12-18T22:07Z 365K followers, 293.6K engagements
"3 Types of Inventory (Raw Materials WIP and Finished Goods) This video discusses the three different types of inventory for manufacturing firms: raw materials work in process (WIP) and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
YouTube Link 2014-02-11T19:33Z 365K followers, 164.3K engagements
"Auditing Attestation and Assurance In this video I discuss how auditing attestation and assurance services are related. In short auditing is a type of attestation engagement and all attestation engagements are a type of assurance service. An audit lends credibility to a company's financial statements. Attestation lends credibility to any assertions made a company's management. This includes but is not limited to a company's financial statements. It would also include issuing an opinion regarding the credibility of a company's pro forma or projected financial figures. Assurance lends"
YouTube Link 2019-01-30T00:00Z 365K followers, 72.9K engagements
"Make or Buy Decision This video shows the optimal way for firms to choose whether to manufacture a product component internally or purchase the component from an external supplier. The key is for managers to focus only on relevant costs-- those costs that differ among alternatives-- when deciding which route incurs a lower cost. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL"
YouTube Link 2016-02-01T18:10Z 365K followers, 262.9K engagements
"The Statement of Retained Earnings This video explains what a Statement of Retained Earnings is and shows how to create one. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:26Z 365K followers, 81.8K engagements
"Transfer Pricing This video introduces the concept of transfer pricing. A transfer price is the price charged by the selling division to the buying division for an intermediate product within the same firm. Companies use transfer prices for internal purposes (to coordinate transfers within the firm) and for external purposes (reporting to tax authorities). For internal purposes companies typically used market-based transfer pricing cost-based transfer pricing or negotiated transfer pricing. Companies may use a different transfer price for internal decision-making than the transfer price they"
YouTube Link 2018-12-04T00:00Z 365K followers, 156.8K engagements
"How to Calculate the Geometric Average Return This video shows how to calculate the geometric average return (also known as the compounded annual return) of a stock or index. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2016-01-24T23:47Z 365K followers, 104.2K engagements
"How I Passed the CPA Exam in Six Weeks In the summer of [----] I passed all four parts of the CPA exam in six weeks. I didn't use Becker or a test prep course to pass the CPA exam but instead used the study strategy outlined in this video. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2025-01-13T15:00Z 365K followers, 10.9K engagements
"Dividend Discount Model (DDM) This video illustrates how to value a firm's share price using a dividend discount model. The Gordon growth model equation is presented and then applied to sample problem to demonstrate how the Dividend Discount Model yields an estimate share price for a firm. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-12-19T19:02Z 365K followers, 300.5K engagements
"How to Calculate Return on Invested Capital There are several different ways to calculate a companys return on invested capital (ROIC). Each method is a variation of this basic formula: Return on Invested Capital = Profit / Invested Capital Youre dividing some measure of profit by the companys debt and equity capital. The question is how to measure profit and how to measure invested capital. Some people measure profit as net income EBIT NOPAT or NOPLAT. Some people measure invested capital as the average debt and stockholders' equity while others subtract cash and cash equivalents from that"
YouTube Link 2023-04-17T14:00Z 365K followers, 19.2K engagements
"Where to Find Dividends in the Financial Statements When a company issues dividends where will the dividends appear in the company's financial statements -Dividends DECLARED will appear in the statement of stockholders' equity because this statement shows changes in stockholders' equity accounts and dividends declared reduce retained earnings which is a stockholders' equity account -Dividends PAID will appear as a cash outflow in the financing section of the statement of cash flows -Dividends DECLARED BUT NOT YET PAID will appear as a liability on the balance sheet ("dividends payable") Note"
YouTube Link 2024-05-06T14:00Z 365K followers, [----] engagements
"Standard Costs and Variance Analysis This video discusses the use of standard costs in Managerial Accounting. It also provides a comprehensive example to illustrate how standard costs are useful in calculating the price variance and quantity variance. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
YouTube Link 2014-12-23T20:11Z 365K followers, 576.1K engagements
"Weighted Average Cost of Capital (WACC) This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:29Z 365K followers, 853.8K engagements
"Cost Volume Profit Analysis (CVP): Target Profit This video illustrates how to calculate the number of units and sales dollars in order to reach a target net income or profit level. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-09T21:55Z 365K followers, 198.7K engagements
"How to Analyze ROA Both Walmart and Dollar General are successful discount retailers but Dollar Generals ROA was nearly double that of Walmart for their most recent fiscal year. To understand why we can break ROA into two components: profit margin and asset turnover. ROA = profit margin x asset turnover Profit margin is net income divided by net sales and it tells you how well a company managed its expenses. Profit margin = (Net income)/(Net sales) Asset turnover is net sales divided by average assets and it tells you how productive a companys assets were at generating sales. Asset turnover ="
YouTube Link 2023-05-10T14:00Z 365K followers, [----] engagements
"Capital Asset Pricing Model Assumptions This video discusses several assumptions of the Capital Asset Pricing Model (CAPM). The Capital Asset Pricing Model assumes that: [--]. Investors buy and sell securities at competitive market prices. An investor is therefore a price-taker and cannot influence the price of a security [--]. Investors do not face transaction costs or taxes when they buy and sell securities [--]. Investors lend and borrow at the risk-free rate [--]. Investors have homogeneous expectations regarding securities (if all investors have access to publicly-available information their"
YouTube Link 2018-09-11T23:00Z 365K followers, 37.1K engagements
"The High Low Method (for analyzing mixed costs in accounting) This video explains how to use the High-Low Method to estimate the fixed and variable components of a mixed cost in accounting. An example is provided to demonstrate how the High-Low Method is used to calculate both the fixed cost and variable cost. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-11-15T18:28Z 365K followers, 237.1K engagements
"Direct Materials (Managerial Acccounting) This video discusses Direct Materials. Direct Materials are the physical inputs that are incorporated into a manufacturing company's final product AND are directly traceable to the final product. The traceability feature is important as there are two types of raw materials: direct and indirect. The steel used to build a car would be a Direct Material since it is included in the final product and is clearly traceable to the final product. Grease used while installing the car's various components isn't directly traceable to the car and would be"
YouTube Link 2018-08-26T23:06Z 365K followers, 75.2K engagements
"Economic Value Added EVA This video defines the concept of Economic Value Added (EVA) and works through an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-12T16:43Z 365K followers, 202.9K engagements
"Activity Based Costing vs. Traditional Costing This video discusses the key differences between Activity Based Costing and traditional costing systems in the context of managerial accounting. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-11-12T22:51Z 365K followers, 420.6K engagements
"Introduction to the Balance Sheet This video provides an introduction to the Balance Sheet explaining both what a Balance Sheet is as well as how to put a rudimentary Balance Sheet together. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:23Z 365K followers, 88.9K engagements
"The Sales Budget This video explains what a sales budget is and demonstrates how to create a sales budget with a comprehensive exam. A schedule of cash collections is included as part of the sales budget to show how the process works for firms that extend credit to their customers. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-12-15T19:12Z 365K followers, 310.7K engagements
"The [--] Types of Mergers There are [--] types of mergers: horizontal mergers vertical mergers and conglomerate mergers. In a horizontal merger two competitors combine. Horizontal mergers are sometimes blocked by the courts because they reduce competition. In a vertical merger two companies at different stages of the value chain (companies with a buyer-seller relationship) combine. In a conglomerate merger two unrelated companies combine. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality"
YouTube Link 2020-08-30T23:00Z 365K followers, 17.8K engagements
"Direct Materials Variance Analysis This video demonstrates how to conduct a variance analysis for direct materials. A comprehensive example is provided to show how both the price variance and quantity variance are calculated. The example also shows how variance analysis differs when the quantity purchased differs from the quantity used. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
YouTube Link 2015-01-08T00:36Z 365K followers, 220.9K engagements
"Degree of Operating Leverage Example This video provides an example of how to calculate the Degree of Operating Leverage. The Degree of Operating Leverage is equal to the total Contribution Margin divided by the Operating Profit. The Degree of Operating Leverage is a number that tells you the amount by which Operating Profit if Sales Revenue were to increase. For example if the Degree of Operating Leverage is [--] this means a 20% increase in Sales Revenue would result in a 160% increase (8 * 20%) in Operating Profit. The Degree of Operating Leverage is not a constant; it differs based on the"
YouTube Link 2018-09-26T23:00Z 365K followers, 40.5K engagements
"T account for Retained Earnings A company's Retained Earnings account is affected when the company posts Net Income or a Net Loss or when it declares dividends. The change in the Retained Earnings account can be easily tracked using a T-account; Net Income results in a credit to the Retained Earnings account whereas a Net Loss or dividends declared results in a debit to the Retained Earnings account. If the Retained Earnings account has an ending debit balance then the account is instead referred to as Accumulated Deficit. Edspira is the creation of Michael McLaughlin an award-winning"
YouTube Link 2019-03-07T00:00Z 365K followers, 21.1K engagements
"How to Calculate EPS (Earnings Per Share) This video explains how to calculate Earnings Per Share (EPS) and uses the formula to solve an example problem. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-15T05:33Z 365K followers, 250.4K engagements
"Debt to Equity Ratio This video demonstrates how to calculate the Debt to Equity Ratio. An example is provided to illustrate how the Debt to Equity Ratio can be used to compare the leverage of two firms. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-25T02:42Z 365K followers, 103.8K engagements
"Retained Earnings vs. Net Income This video discusses the difference between Retained Earnings and Net Income. Net Income is the profit that a company earned over a set period of time such as a month quarter or year. Net Income is presented on the Income Statement. Retained Earnings is the accumulated profits of the company since its inception minus any dividends distributed. Retained Earnings thus represents profits that have been reinvested in the business. Retained Earnings appears in the Stockholders' Equity section of the Balance Sheet. Retained Earnings and Net Income are related in"
YouTube Link 2019-01-31T00:00Z 365K followers, 32.1K engagements
"Net Asset Value of a Mutual Fund This video explains how to calculate the Net Asset Value and Net Asset Value per share of a mutual fund. The video also discusses how and why the NAV per share often differs significantly from the market price of closed-end funds whereas the NAV per share is the price paid to purchase shares in an open-end fund. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE"
YouTube Link 2015-04-29T00:49Z 365K followers, 28.3K engagements
"Financing mergers and acquisitions (3 examples) Mergers and acquisitions can be financed with [--] types of consideration: (1) cash (2) securities or (3) cash plus securities. This video provides an actual merger proposal for each of these [--] types. Here are links to each of the examples mentioned in the video: Office Depot/OfficeMax: https://www.sec.gov/Archives/edgar/data/800240/000119312513252056/d516531d424b3.htm QAR Industries/TSR: https://www.sec.gov/Archives/edgar/data/98338/000101738618000356/exhibit_99-1.htm Staples/Office Depot:"
YouTube Link 2020-09-01T23:00Z 365K followers, [----] engagements
"Retained Earnings This video explains what the retained earnings account is in the context of financial accounting and provides an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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 *"
YouTube Link 2014-08-29T22:07Z 365K followers, 99.4K engagements
"Junk Bonds and Taxes: The AHYDO Rules (U.S. Corporate Tax) U.S. corporations may be limited in their ability to deduct accrued interest on junk bonds. A junk bond which the U.S. tax code refers to as an applicable high yield discount obligation (AHYDO) may be limited with respect to interest expense deductions if the bond has [--] characteristics: [--]. A maturity greater than [--] years [--]. A yield-to-maturity [--] percentage points higher than the applicable federal rate [--]. An original issue discount If the bond has these [--] characteristics then the corporation can't deduct interest expense until it"
YouTube Link 2020-09-09T15:00Z 365K followers, [----] engagements
"Poison Pill (Mergers and Acquisitions) This video explains the concept of a poison pill as it pertains to corporate mergers and acquisitions. An example is provided to demonstrate how a poison pill serves as an effective takeover defense. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:30Z 365K followers, 85.7K engagements
"The [--] Components of Pension Expense (for a defined-benefit plan) This video explains the components of pension expense for a defined-benefit plan: (1) Service Cost (2) Interest Cost (3) Expected Return on Plan Assets (4) Amortization of Gains or Losses (corridor amortization) (5) Amortization of Prior Service Cost Edspira is your source for business and financial education. To view the entire video library for free visit http://www.EducationUnlocked.org/ To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage"
YouTube Link 2016-01-18T01:44Z 365K followers, 78.2K engagements
"How to Calculate the Change in Pension Plan Assets This video shows how to calculate the change in the fair value of plan assets for a pension plan. The fair value of plan assets is important because it is netted against the projected benefit obligation to determine the funded status of a defined-benefit pension plan. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a"
YouTube Link 2016-01-18T01:44Z 365K followers, 22.3K engagements
"Retained Earnings Example This video shows how the Retained Earnings (and Accumulated Deficit) account changes over time. Retained Earnings is a Stockholders' Equity account that represents the accumulated profits since the company's formation minus any dividends that were distributed to the company's shareholders. The Retained Earnings account is not the same as the Cash account however. Retained Earnings increases when the company posts Net Income and decreases when it posts a Net Loss or declares Dividends. If the Retained Earnings account becomes negative it is referred to as Accumulated"
YouTube Link 2017-09-17T16:30Z 365K followers, 48.9K engagements
"Basic Earnings Per Share Calculation Example Heres the formula for calculating basic earnings per share (EPS): net income available to common shareholders / weighted average number of common shares outstanding = basic EPS Where net income available to common shareholders is: net income - preferred dividends - income attributable to noncontrolling interests Here's an example: the company Glow-in-the-dark Toilet Paper had net income of $600000 for [----]. The company had $100000 of preferred dividends and didn't have any income attributable to noncontrolling interests. The net income attributable"
YouTube Link 2022-03-07T15:00Z 365K followers, 15.6K engagements
"How to Calculate Pension Expense for a Defined-Contribution Plan such as a 401k This video shows how to calculate pension expense and record the pension expense journal entry for a defined-contribution plan (such as a money purchase plan or a 401k). Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
YouTube Link 2016-01-18T01:44Z 365K followers, 23.4K engagements
"Degree of Operating Leverage (Managerial Accounting) This video explains what the Degree of Operating Leverage is in the context of managerial accounting. The formula for calculating the Degree of Operating Leverage is provided and an example is used to illustrate how the Degree of Operating Leverage can be used to predict how a change in sales will affect a firm's profitability. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world."
YouTube Link 2014-11-13T23:36Z 365K followers, 160.6K engagements
"Accounting for Uncertain Tax Positions This video shows how to account for Uncertain Tax Positions. U.S. GAAP requires the use of a 2-step test to determine the amount of any tax benefit that may be recognized. In step [--] you determine whether it is more likely than not that your tax position will be upheld. If the likelihood of it being upheld is greater than 50% you move to Step [--]. Step [--] allows you to recognize the largest benefit with a cumulative probability of greater than 50%. The video shows how to do this with an example and it also shows how to record the necessary tax contingency"
YouTube Link 2017-06-16T20:49Z 365K followers, 16K engagements
"Daily Active Users (as a key performance indicator) This video discusses using the number of daily active users as a growth metric. Investors closely monitor the number of active users for social media and other online platform companies. Thus companies such as Facebook and Snapchat disclose the number of daily active users which is the number of people that use their website and mobile app on a daily basis (Twitter discloses the number of monthly active users). Tracking the number of active users is believed to be useful in forecasting revenue growth. Edspira is the creation of Michael"
YouTube Link 2018-11-21T00:00Z 365K followers, [----] engagements
"DuPont Analysis for ROA Financial Statement Analysis ROA (return on assets) is a very helpful metric because it allows you to compare the profitability of two companies while controlling for firm size. To understand why a company's ROA is rising or falling or why one company's ROA is higher than another company's ROA we can apply DuPont analysis. DuPont analysis expresses ROA as the product of two components: profit margin and asset turnover. Thus we have the following equation: ROA = profit margin * asset turnover If you see that Company A has a higher ROA than Company B you can disaggregate"
YouTube Link 2021-06-02T15:00Z 365K followers, 18.2K engagements
"The Merger Negotiation Process A merger could begin with a buyer approaching the management of a target or with a seller hiring an investment bank to identify potential buyers. The takeover attempt may be friendly or hostile (in a hostile takeover the target company's management opposes the buyer's attempt to take over the target). The buyer will naturally want as much information as possible to do its due diligence so it will request information about the target that is not publicly available. The target will then have the buyer sign a nondisclosure agreement. After the buyer performs its"
YouTube Link 2020-09-06T15:00Z 365K followers, [----] engagements
"Estimating Beta with Regression Analysis This video discusses the beta of a stock in the context of regression analysis. Beta is the coefficient estimate for the independent variable when a regression is performed with excess market returns as the independent variable and excess stock returns (for the company) as the dependent variable. For example if we regress Microsoft's daily excess stock returns (its returns over and above the risk-free rate) on the excess stock returns of the S&P [---] and the coefficient estimate for the independent variable (the excess stock returns of the S&P 500) is"
YouTube Link 2018-09-02T23:00Z 365K followers, 51.3K engagements
"What is a Basis Swap With an interest rate swap one party receives payments based on a fixed rate while the other party receives payments based on a floating rate (fixed-for-floating). But you could also have a swap where both parties exchange payments based on floating rates (floating-for-floating). This is called a basis swap. Why would two parties exchange cash flows that are both based on floating rates To reduce interest rate basis risk. This occurs when cash flows are affected by different factors that are not perfectly correlated (an example would be floating-rate assets and"
YouTube Link 2021-08-26T15:00Z 365K followers, 12.3K engagements
"How to Calculate Beta using Correlation and Volatility This video shows how to calculate the beta of a stock using the correlation of the stock with the market index. Beta is equal to: (1) the correlation of a company's stock returns with the returns of the market index (e.g. the returns of the S&P 500) times the standard deviation of the company's stock returns divided by (2) the standard deviation of the returns of the market index. The standard deviation of stock returns is also known as volatility. Correlation * volatility (stock) / volatility (market) = beta For example let's say we are"
YouTube Link 2018-08-29T23:00Z 365K followers, 27K engagements
"How to Calculate ROI (Return on Investment) This video shows how to calculate ROI. ROI which stands for Return on Investment is calculated by dividing income (profit) by the amount of capital invested. Thus if a department of a large firm had income of $10 million and used $50 of capital the ROI of the department would be 20%. ROI is a frequently used measure of profitability. If two divisions of a firm have a similar level of profit but one of the divisions uses a lot more capital to achieve the profit the ROI will show that the division achieving the same profit with less capital is making"
YouTube Link 2018-11-15T00:00Z 365K followers, 71.4K engagements
"Section [---] Transaction (U.S. Corporate Tax) This video discusses the requirements for a Section [---] transaction. Section [---] of the U.S. tax code provides nonrecognition of gain or loss when an individual(s): [--]. Transfers property to a corporation [--]. Solely in exchange for the corporation's stock [--]. And has control of the corporation immediately afterwards (80% of vote and value) There are several caveats which are discussed in follow-up videos. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a"
YouTube Link 2017-01-22T18:54Z 365K followers, 48.3K engagements
"Audit Sampling The auditor can't always observe 100% of a company's transactions or account balances. Thus the auditor must sometimes: (1) take a sample of less than 100% of the population (2) draw inferences about the population from the sample (3) compare the sample's results to a benchmark Auditors use sampling to test internal controls and to perform substantive procedures. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world."
YouTube Link 2019-10-06T23:00Z 365K followers, 61.4K engagements
"How to Calculate ROA (Return on Assets) This video shows how to calculate a company's Return on Assets (ROA). It provides an example to show how ROA can be used to compare firms' performance. ROA is calculated by dividing a company's Net Income by its Average Total Assets. You can compute the Average Total Assets by adding the company's total assets from its most recent Balance Sheet date to its total assets from the previous year's Balance Sheet date and dividing the sum by two. You use the Average Total Assets because you want to approximate the amount of assets the company had during the"
YouTube Link 2017-10-15T18:17Z 365K followers, 85.8K engagements
"Restrictions of Retained Earnings This video explains why in some cases a firm may have Restricted Retained Earnings (aka Appropriated Retained Earnings). An example is provided to show how restrictions of Retained Earnings affect the calculation of total Retained Earnings. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:26Z 365K followers, 12.7K engagements
"Restructuring Charges (Financial Accounting) This video explains the concept of a Restructuring Charge in Financial Accounting. The video provides several examples of common Restructuring Charges and discusses the incentive firms have to label certain items as a Restructuring Charge. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:26Z 365K followers, 14.5K engagements
"How to calculate Volatility using historical returns This video shows how to calculate volatility using historical returns. A comprehensive example is presented that calculates the volatility of the S&P [---] over the period 2004-2007. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can"
YouTube Link 2016-01-18T01:34Z 365K followers, 41.4K engagements
"Introduction to Segment Reporting Publicly-traded companies must disclose disaggregated information about their operating segments. An operating segment is a: (a) profit center (b) that the chief operating decision maker reviews regularly (c) and that has separate financial information Walmart for example has [--] operating segments: (1) Walmart U.S. (2) Walmart International and (3) Sam's Club. A cost center (e.g. Walmart's IT department) would NOT be considered an operating segment. The results of some operating segments need not be reported. There are [--] tests for determining whether an"
YouTube Link 2019-09-16T23:00Z 365K followers, 22.8K engagements
"Things that affect Retained Earnings This video lists the various things that increase or decrease the Retained Earnings (or Accumulated Deficit) account. The three most common things are Net Income (increases Retained Earnings) Net Loss (decreases Retained Earnings) and Dividends (decreases Retained Earnings if it is a cash scrip property or stock dividend). Prior period adjustments due to accounting errors and certain changes in accounting principle (e.g. switching from FIFO to LIFO) can cause Retained Earnings to increase or decrease. If the firm engages in a quasi-reorganization this"
YouTube Link 2016-08-29T01:00Z 365K followers, 29K engagements
"Public Company Filing Requirements for the US Public companies in the U.S. must file a number of forms with the Securities and Exchange Commission (SEC). First note that not all public companies have the same reporting requirements. Smaller public companies are required to make fewer disclosures emerging market companies can make scaled disclosures and foreign private issuers file different forms (e.g. a 20-F instead of a 10-K). But here are the main filings required of public companies in the United States: -Form 10-K is an annual filing that must be filed within [--] days of the company's"
YouTube Link 2024-06-24T14:00Z 365K followers, [---] engagements
"Visa vs Mastercard Company Analysis Visa and Mastercard are both global payment networks. They dont issue cards or extend credit but instead make most of their money processing transactions. Both companies have experienced growing revenues and are very profitable but there are some key differences. Visa has a larger market share as it processes more transactions and has a higher net revenue ($29 billion compared to $22 billion). But Visa is more dependent on revenue from the U.S. About two-thirds of Mastercards revenue comes from outside North America. Despite increased competition both"
YouTube Link 2023-05-17T14:00Z 365K followers, 22.3K engagements
"Significant Accounts When Auditing Inventory Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2025-07-28T14:00Z 365K followers, [---] engagements
"Securitization and Mortgage Backed Securities Historically banks were almost entirely reliant on deposits to raise funds. But in the past few decades banks have found alternative sources of funding. One of those sources is securitization. Securitization is the process of bundling illiquid financial assets and then creating securities that are backed by the cash flows from the pool of financial assets. The financial assets can be packaged in such a way that each bundle of assets has a different risk profile. Many banks securitize mortgages for example which creates a mortgage-backed security"
YouTube Link 2021-09-02T15:00Z 365K followers, 28.6K engagements
"Analytical Procedures for Auditing Inventory The last part of the inventory audit is for the auditor to perform substantive procedures which includes analytical procedures and tests of details. Analytical procedures include: -Trend analysis (analyzing changes in the gross margin percentage scrap rates etc.) -Ratio analysis (analyzing changes in the number of days it takes to sell inventory) -Variance analysis (investigating large price or quantity variances) -Analyzing the relationship between various accounts and whether changes in those accounts seem plausible (increases in sales for"
YouTube Link 2025-09-08T14:00Z 365K followers, [---] engagements
"How to Use Earnings per Share Earnings per share (EPS) is a companys net income per share of common stock. Its calculated by taking the net income available to common shareholders (which is net income minus dividends for preferred shareholders and minus income attributable to noncontrolling interests) and dividing it by the weighted-average number of common shares outstanding. Earnings per share is the most widely used measure of profit. Its the only ratio that public companies are required to report on the income statement: both U.S. GAAP and IFRS require this. And earnings per share is the"
YouTube Link 2022-03-14T14:00Z 365K followers, [----] engagements
"Calculating the Total Return on a Stock This video shows how to calculate the total return on a stock. The total return of a stock is a function of two components: the dividend yield and the capital gain (increase in share price). This video uses a comprehensive example to demonstrate how the total return of a stock is calculated using a handy formula. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE"
YouTube Link 2015-04-17T22:39Z 365K followers, 101.8K engagements
"How to calculate Gross Profit (aka Gross Margin) This video uses an example to demonstrate how to calculate gross profit. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-07-11T16:19Z 365K followers, 135.8K engagements
"Overview of the Inventory Audit The inventory audit can be broken down into [--] steps for the auditor: (1) Gain an understanding of the company's inventory management process (2) Identify significant accounts and relevant assertions (3) Assess the risk of material misstatement (4) Evaluate the design of internal controls (5) Test the effectiveness of internal controls (6) Perform substantive procedures (analytical procedures and tests of details) Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a"
YouTube Link 2025-07-14T14:00Z 365K followers, [----] engagements
"Section [---] Transaction with Boot (U.S. Corporate Tax) This video discusses how to account for a Section [---] transaction when one of the transferors receives boot. Boot refers to the situation in which a transferor(s) receives property in addition to the corporation's stock. Boot can be cash inventory equipment etc. Nonqualified stock (e.g. mandatorily redeemable stock) is also considered boot. The present of boot does not invalidate a Section [---] transaction but it might cause gain to be recognized (but NEVER the recognition of a loss). When boot is received the transferor recognizes gain as"
YouTube Link 2017-01-29T18:03Z 365K followers, 25.7K engagements
"Defined Benefit vs. Defined Contribution Pension Plan This video shows the difference between a defined-benefit pension plan and a defined-contribution plan. The core difference between these two types of plans boils down to what the employer is promising: with a defined-benefit pension plan the employer is promising the employee a series of annuity payments after the employee retires. With the defined-contribution pension plan (e.g. a 401(k) plan) the employer is promising to make contributions to the employee's retirement account. Edspira is the creation of Michael McLaughlin an"
YouTube Link 2016-01-18T01:44Z 365K followers, 159.5K engagements
"LIFO Liquidation This video discusses the concept of LIFO liquidation. The erosion of old inventory layers can sometimes lead to dramatically higher profit since the older inventory was likely purchased at a much lower price than the current market rate. This video provides an example to illustrate how such LIFO liquidation occurs and how firms attempt to address this by pooling inventory items. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to"
YouTube Link 2015-06-05T23:06Z 365K followers, 54.7K engagements
"How to Account for Advertising Costs Under U.S. GAAP (ASC 720-35) companies can either expense advertising costs as incurred or expense them when the first advertising takes place. Under IFRS (IAS 38.69) companies must expense advertising costs as incurred. U.S. GAAP distinguishes between the costs of producing advertising and the costs of communicating advertising. This distinction is important as companies may use different methods for expensing each type of cost. Under U.S. GAAP insurance companies may capitalize the cost of direct-response advertising if certain criteria are met; under"
YouTube Link 2025-06-09T14:00Z 365K followers, [---] engagements
"Stand-alone Cost Allocation Method This video shows to use the Stand-alone Cost Allocation Method to allocate a common cost. This method requires you to first calculate the proportionate share of costs for each user on a stand-alone basis and then apply each user's percentage toward the costs you are seeking to allocate. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness"
YouTube Link 2016-01-24T23:50Z 365K followers, 18.2K engagements
"Journal Entry for Loan When a company borrows money by taking out a loan the borrower debits the cash account (an asset) and credits either loan payable or note payable (a liability). The lender would debit loan receivable and credit the cash account. When interest is accrued on the loan the borrower must record interest expense and credit interest payable (or credit the cash account if the interest is paid immediately). The lender would debit interest receivable (or the cash account) and record interest revenue. When the loan is repaid the borrow should (1) record interest expense for the"
YouTube Link 2024-04-22T14:00Z 365K followers, [----] engagements
"How to Interpret the Beta of a Stock This video shows how to interpret the beta of a stock. Examples of beta from actual firms are presented and interpreted. Firms with a beta greater than one have higher systematic risk than average whereas firms with a beta less than one have less systematic risk than average. To understand why firms have different levels of systematic risk consider the following: a grocery store will likely have a beta less than one because in the event of a market downturn people are likely to continue buying food. A company that sells high-end jewelry however is likely"
YouTube Link 2016-01-18T01:33Z 365K followers, 68.5K engagements
"Cost Center This video discusses cost centers. A cost center is a subunit of an organization that has responsibility only for costs. For example the accounting department of a large grocery store chain would be a cost center. This is because the accounting department would incur costs but produce no revenue. Thus the manager of the accounting department would be evaluated on their ability to control the accounting department's costs. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality"
YouTube Link 2018-11-26T00:00Z 365K followers, 50.7K engagements
"3 Approaches to Valuing a Business Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2024-10-21T13:51Z 365K followers, [----] engagements
"Vouching vs. Tracing Auditors frequently use vouching and tracing during the course of an audit. Both vouching and tracing involve the auditor examining documents but they differ when it comes to the direction of testing. With vouching the auditor starts with a journal entry or ledger balance and works back to the original source documents. This tests existence or occurrence (e.g. did the sale actually occur). With tracing the auditor starts with the original source documents and works forward to see whether the transaction was properly recorded in the accounting system. This tests"
YouTube Link 2019-02-28T00:00Z 365K followers, 39.3K engagements
"How to Account for Stock Options Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2024-08-19T14:00Z 365K followers, [----] engagements
"John Deere's Business Model John Deere has been manufacturing agricultural equipment since [----]. But there's a lot more to John Deere's business model as it extensively engages in leasing through its financial services unit. This is why inventory makes up a small amount of John Deere's assets while financing receivables comprise roughly half of total assets. John Deere's financing unit generates more than a billion dollars of profit annually. This financing income also helps smooth John Deere's earnings and cash flows which can fluctuate significantly due to the boom-and-bust nature of the"
YouTube Link 2025-12-29T15:00Z 365K followers, [---] engagements
"Understanding the Revenue and Collection Cycle Not every company has the same revenue and collection cycle. Thus the auditor needs to get an overview of the various activities that make up the companys revenue and collection cycle. Lets assume the company is a manufacturer that sells goods on credit. The revenue and collection cycle would consist of [--] steps: [--]. Receiving and processing customer orders [--]. Approving credit [--]. Delivering goods and services [--]. Billing customers and managing accounts receivable [--]. Collecting and depositing cash Step 1: Receiving and processing customer orders The"
YouTube Link 2022-04-04T14:00Z 365K followers, 31.2K engagements
"Comparing After-tax Rates of Return on Investments Not all types of income are taxed at the same rate; income from certain investments is taxed at a preferential rate. Thus when comparing investments it's important to consider the after-tax return of the investment instead of simply looking at the before-tax return. The after-tax return is calculated as follows: after-tax return = before-tax return x (1 - marginal tax rate) For example let's consider a corporate bond that pays 6% interest and a tax-exempt municipal bond that pays 4% interest. If the interest income from the corporate bond is"
YouTube Link 2024-05-27T14:00Z 365K followers, [---] engagements
"Buying Business Clothes for My Students (Turning My Office into a Career Closet) I have some incredibly hardworking and bright students at the university where I teach. Many of them come from working-class backgrounds and are doing everything they can to build a better life and support their families. When I learned that some of my students didn't have dress clothes to wear on job interviews or to the career fair I converted my office to a career closet and started giving out business attire for free. So far the project has been successful and a lot of students have walked away with suit"
YouTube Link 2025-02-17T15:00Z 365K followers, [----] engagements
"Finance Lease Example Lessee ASC [---] This video shows how a lessee would account for a finance lease under ASC [---]. This includes calculating the initial lease liability and right-of-use asset (capitalization of the lease) creating a lease amortization table accruing interest expense on the lease liability and recording amortization expense for the right-of-use asset. Journal entries are provided to show how the lessee would account for this lease in its entirety. Note that a finance lease results in front-loading of the total expenses relative to an operating lease because with a finance"
YouTube Link 2024-10-02T13:45Z 365K followers, [----] engagements
"The Cash Budget This video explains what the cash budget is in Managerial Accounting and demonstrates how to put together a cash budget with a comprehensive example. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story visit"
YouTube Link 2014-12-18T18:13Z 365K followers, 463.7K engagements
"How to Calculate IRR in Excel In this video Im going to show you how to calculate the internal rate of return for a project in Excel. So Ive got [--] projects here. For each project theres a single cash outflow at the beginning of the project (year 0). This is followed by a series of cash inflows. Now to calculate the IRR of a project just type =IRR and highlight the series of cash flows. Excel gives you the option to guess the IRR; if you dont enter anything it guesses [---] (or 10%) until it finds the rate that makes the projects NPV equal to zero. Now you can see that the IRR for project [--] is"
YouTube Link 2022-12-05T15:00Z 365K followers, 222.3K engagements
"Finance Lease Example with Bargain Purchase Option ASC [---] This video shows how a lessee would account for a finance lease that contains a bargain purchase option under ASC [---] (U.S. GAAP). A bargain purchase option exists when the lessee has the right to purchase the asset from the lessor at the end of the lease and the lessee is expected to do so. The presence of a bargain purchase option means that the lease will definitely be classified as a finance lease. The presence of a bargain purchase option changes the lease accounting in the following way: when calculating the initial lease"
YouTube Link 2024-10-15T15:43Z 365K followers, [----] engagements
"How Long Does the IRS Have to Find You The IRS generally can't come after taxpayers indefinitely to audit tax returns from prior years. Per Section [----] of the tax code the IRS has [--] years from the later of (1) the filing of a tax return or (2) the unextended due date of the tax return to assess a tax deficiency. However if the taxpayer omitted gross income that exceeds 25% of the gross income reported the statute of limitations is [--] years. And if the taxpayer filed a fraudulent tax return (or if the taxpayer didn't file a tax return at all) then there is no statute of limitations. If the IRS"
YouTube Link 2024-06-10T14:00Z 365K followers, [---] engagements
"Single Step Income Statement This video shows how to create a single-step income statement. A example is presented to show how a single-step income statement can be created from an adjusted trial balance. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To"
YouTube Link 2016-09-13T23:32Z 365K followers, 76.7K engagements
"How to Account for Share Based Compensation Performance Condition When a company grants share-based compensation that has a performance condition (which means a certain sales profit or other performance condition must be met in order for the share-based compensation to vest) the company must assess at the end of each period whether it is probable that the performance condition will be met. If it is not probable that the performance condition will be met the company must reverse any compensation expense previously recorded for this share-based compensation (if no compensation expense was"
YouTube Link 2025-04-20T14:00Z 365K followers, [----] engagements
"Sales Tax Payable Sales tax payable is a current liability reported on a company's balance sheet (aka statement of financial position) that represents money collected on behalf of the government for sales taxes. When a company sells a product to a customer and sales tax applies to the transaction the company must record the sales tax collected as a liability and not as part of the sales revenue for the transaction. This is because the company is obligated to hand the sales tax over to the governmental authorities at a future point in time. Thus if a company sells a product to a customer for"
YouTube Link 2024-09-09T14:00Z 365K followers, [----] engagements
"Zero Interest Bearing Note Example A company that issues a zero-interest-bearing note doesn't make periodic interest payments. Instead the company agrees to receive less cash than the note's face value. The difference between the amount of money received and the amount of money the issuer of the note is promising to pay is called the discount. The discount represents implicit interest on the note. To calculate the amount of cash the issuer will receive for the note discount the face value of the note (the amount the issuer is promising to pay) to its present value. The discount rate used to"
YouTube Link 2021-11-30T16:00Z 365K followers, 18.4K engagements
"Spot Rate vs Forward Rate Interest Rates Youll hear the terms spot rate and forward rate a lot when dealing with interest rates. The spot rate is the interest rate on a loan that begins immediately. The forward rate is the implied interest rate on a loan that begins at some point in the future. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2021-08-17T15:00Z 365K followers, 24.7K engagements
"Current Expected Credit Loss Accounting The FASB issued an accounting standard update (ASU 2016-13) on current expected credit losses (CECL) on June [--] [----]. Prior to this update companies reported credit losses only when it was probable a loss had been incurred. This incurred loss method became a problem during the [----] financial crisis. Banks werent recognizing losses fast enough as GAAP didnt allow them to consider future developments. Thus in spite of a bleak economic outlook loan loss reserves werent being adjusted to account for the future expected losses. Under the new CECL method"
YouTube Link 2022-01-25T15:00Z 365K followers, 11.7K engagements
"Tests of Details for Inventory Audit Substantive procedures consist of analytical procedures and tests of details. When it comes to the inventory audit tests of details include (1) tests of inventory transactions and (2) tests of the ending inventory balance. An example of how an auditor would test inventory transactions would be for the auditor to find a purchase of inventory that was recorded in the client's accounting records and then vouch the transaction because to the related receiving report and purchase order to verify that the inventory was actually ordered and received. An example"
YouTube Link 2025-09-22T14:00Z 365K followers, [----] engagements
"How to Calculate Pension Expense for a Defined-Benefit Plan This video shows how to calculate pension expense for a defined-benefit plan. A comprehensive example is provided to illustrate how (1) service cost (2) interest cost (3) expected return on plan assets (4) amortization of gains or losses (corridor amortization) and (5) amortization of prior service cost are tallied to generate pension expense. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit https://www.facebook.com/Edspira"
YouTube Link 2016-01-18T01:44Z 365K followers, 79.7K engagements
"Cost Per Equivalent Unit-- FIFO Method vs. Weighted-average Method This video explains the difference between the FIFO Method and the Weight-average Method for calculating cost per equivalent unit. A comprehensive example is presented to illustrate how the weighted-average method includes costs that were incurred in the prior period and thus results in a different cost per equivalent unit than the FIFO Method. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira.com To like us on Facebook visit"
YouTube Link 2015-04-29T00:49Z 365K followers, 165.6K engagements
"Diluted Earnings Per Share Convertible Preferred Shares Preferred stock can affect the calculation of basic earnings per share (EPS) because preferred dividends are subtracted from net income when calculating earnings per share. But CONVERTIBLE preferred stock can also affect DILUTED earnings per share if those convertible preferred shares are convertible into common shares. To calculate diluted earnings per share when there are convertible preferred shares outstanding you need to do two things: (1) Don't subtract preferred dividends for the convertible preferred shares from net income in the"
YouTube Link 2023-11-20T14:56Z 365K followers, [----] engagements
"Revenue defined and explained This video deals with the concept of Revenue in Financial Accounting. The video explains what Revenue is highlights different types and illustrates why Revenue is different from a Gain with an example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-02-11T19:27Z 365K followers, 73.7K engagements
"How to Calculate Diluted Earnings Per Share using the Treasury Stock Method This video shows how to calculate Diluted Earnings Per Share by using the Treasury Stock Method. A comprehensive example is provided to show how the exercise of stock warrants or stock options can dilute earnings per share. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2015-08-02T00:42Z 365K followers, 65.6K engagements
"Why I Became a Professor People sometimes ask why I became a college professor. I chose to become a professor because of [--] things that I discovered about myself: [--]. I enjoy learning [--]. I enjoy helping people [--]. People said I was good at making difficult concepts easy to understand 0:00 Introduction 0:24 I enjoy learning 1:01 I enjoy helping people 1:57 I'm good at explaining complicated topics Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to"
YouTube Link 2024-07-22T14:00Z 365K followers, [----] engagements
"Additional Paid in Capital (APIC) This video explains what additional paid-in capital is in the context of financial accounting. It also illustrates how to compute additional paid-in capital with an example journal entry for a stock issuance. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-08-29T22:07Z 365K followers, 59.5K engagements
"How to Calculate the Annual Growth Rate for Berkshire Hathaway and S&P [---] The stock of Berkshire Hathaway has significantly outperformed the S&P [---] (including dividends) since Warren Buffett took over Berkshire Hathaway in [----]. This video shows the growth of $1000 invested at the start of [----] until the end of [----] for both Berkshire Hathaway and the S&P [---]. It also shows how to calculate the compound annual growth rate (CAGR) as well as the overall return for both Berkshire Hathaway and the S&P [---] over that 60-year time period. *Note that the overall gain calculated in the video is"
YouTube Link 2025-06-02T14:00Z 365K followers, [---] engagements
"Sleeping Outside No Tent [--] Degrees Below Zero I decided to sleep outside with no tent last night on a whim. I've been fortunate to go from being homeless to being a college professor and YouTuber with a nice warm home and I want to make sure I don't take any of this for granted. I lived in so many sketchy places in my late teens (tent camper with no heat car storage locker) that I often wonder how I made it through those times. I'm incredibly fortunate to have the life I have today and am doing what I can to help my students achieve their dreams. Edspira is the creation of Michael McLaughlin"
YouTube Link 2025-01-21T23:01Z 365K followers, [----] engagements
"The Production Budget This video explains what a production budget is and demonstrates how to put together a production budget with a comprehensive example. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-12-18T16:49Z 365K followers, 284.1K engagements
"Finance Lease Example with Initial Direct Costs ASC [---] This video shows how a lessee would account for a finance lease under ASC [---] (U.S. GAAP) when the lessee incurs initial direct costs. Per ASC [---] lessees are required to add initial direct costs to the initial right-of-use asset and amortize these costs over time. Here's the formula for calculating the initial right-of-use asset: Initial right-of-use asset = initial lease liability + lease prepayments + initial direct costs incurred by the lessee - incentives received from the lessor Thus initial direct costs incurred by the lessee will"
YouTube Link 2024-10-07T14:00Z 365K followers, [----] engagements
"When IRR Fails: The Case of a Nonexistent IRR This video discusses how in certain cases a project has no IRR. In such cases the internal rate of return cannot be used to decide whether to accept the project and the NPV decision rule must be used instead. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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."
YouTube Link 2015-03-31T03:44Z 365K followers, 17.1K engagements
"Short-term Investments in Financial Accounting This video explains what short-term investments are in financial accounting and discusses the [--] types: trading securities held to maturity securities and available for sale securities. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-08-29T22:10Z 365K followers, 27.2K engagements
"How Long Does the IRS Have to Collect Money The IRS can't come after a taxpayer for unpaid taxes forever. Once a tax deficiency has been assessed the IRS has ten years from the date of the assessment to collect the tax penalties and/or interest per Section [----] of the tax code. This time period is called the Collection Statute Expiration Date (CSED) and it can be extended if the taxpayer agrees to an installment agreement or if the IRS successfully obtains a court order. The CSED may also be suspended (paused) if the taxpayer: -Files for bankruptcy -Files a request for innocent spouse relief"
YouTube Link 2024-06-17T14:00Z 365K followers, [----] engagements
"Unrealized Gains and Losses on Available for Sale Debt Investments This video shows how to recognize unrealized gains or losses on available-for-sale debt investments. AFS debt investments are marked to market each period which means they are presented on the Balance Sheet at fair value. Any unrealized gain or loss bypasses the Income Statement and instead flows through Other Comprehensive Income. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education accessible to all"
YouTube Link 2017-05-19T00:09Z 365K followers, 22.3K engagements
"Gross Profit Margin Ratio Defined and Explained This video defines the gross profit margin ratio and explains its usefulness via an example. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.Edspira To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story visit http://www.MichaelMcLaughlin.com"
YouTube Link 2013-07-12T17:29Z 365K followers, 117.6K engagements
"E&P Earnings and Profits (U.S. Corporate Tax) This video discusses the concept of E&P (Earnings and Profits) in corporate tax law. E&P is an account used to measure a corporation's ability to pay dividends. E&P consists of two parts: current E&P and accumulated E&P. The calculation of E&P begins with taxable income and makes adjustments to arrive at current E&P. At the end of the tax year any leftover (undistributed) current E&P is added to accumulated E&P. A corporate distribution can only be considered a dividend to the extent that the corporation has E&P greater than zero. A dividend"
YouTube Link 2017-04-09T15:56Z 365K followers, 29.8K engagements
"Accounting for Transaction Processing Fees When a company accepts payment by credit card the company incurs a transaction processing fee from a payment processing network (Visa MasterCard etc.). Thus if a customer makes a $100 purchase the company won't receive the full $100 due to the transaction processing fee. Transaction processing fees (aka credit card fees or payment processing fees) are an operating expense and not a reduction of sales revenue. Thus if a company accepts a credit card as payment for a $100 purchase and the company is charged a transaction processing fee of 3% the"
YouTube Link 2024-05-13T15:15Z 365K followers, [----] engagements
"Foreign Exchange Gain or Loss This video shows how to calculate the gain or loss on a foreign currency transaction. A foreign currency gain or loss could occur on an export sale or an import purchase. For example if a U.S. firm sold inventory to a Japanese firm and the Japanese firm promised to pay in Japanese yen at some point after the sale the U.S. firm could recognize a gain or a loss if the exchange rate for converting Japanese yen to U.S. dollars changes between the date the inventory is sold and the date the money is collected. Edspira is the creation of Michael McLaughlin an"
YouTube Link 2020-03-15T23:00Z 365K followers, 43.9K engagements
"Debits and Credits This video explains the concepts of debits and credits in accounting. The video defines what the terms debit and credit mean and how they relate to the basic accounting equation. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-12-19T19:03Z 365K followers, 259.6K engagements
"Expense Ratio of a Mutual Fund This video discusses the various costs that are included in the expense ratio of a mutual fund. The expense ratio typically consists of a management fee (to pay the fund manager) operating expenses (to cover administrative costs such as mailing statements and accounting for the fund) and 12b-1 fees (to promote/advertise the fund). These expenses occur on an ongoing basis and are distinct from the one-time fees associated with a "load." Edspira is your source for business and financial education. To view the entire video library for free visit http://www."
YouTube Link 2015-04-29T00:49Z 365K followers, 17.8K engagements
"Unlevered vs Levered Free Cash Flow Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2024-10-28T16:19Z 365K followers, [----] engagements
"The Different Types of Share-based Compensation Publicly-traded companies may grant employees a variety of stock-based compensation. The most common forms of shared-based compensation are restricted stock awards restricted stock units stock options share appreciation rights and employee share purchase plans. A restricted stock award grants stock to an employee; while ownership of the shares is transferred into the employee's name on the grant date the employee isn't free to sell or transfer the shares until the shares have vested (vesting usually takes place after a certain period of"
YouTube Link 2024-08-12T14:00Z 365K followers, [----] engagements
"How to Calculate Compound Annual Growth Rate The compound annual growth rate (CAGR) can be calculated to measure the return of an investment to calculate GDP growth to calculate sales growth etc. The compound annual growth rate is calculated as follows: compound annual growth rate = (ending value / beginning value) (1/t) - [--] The compound annual growth rate differs from the average annual growth rate (which is the sum of each annual growth rate divided by the number of growth periods). The compound annual growth rate takes into consideration the effects of compounding whereas the average"
YouTube Link 2025-05-20T14:00Z 365K followers, [----] engagements
"The Inventory Management Process This video provides an overview of the inventory management process for both manufacturers and retailers. The inventory management process is slightly more complicated for manufacturers because manufacturers build their inventory whereas retailers simply purchase inventory from manufacturers. The inventory management process can be broken down into the following steps: [--]. Order and receive inventory [--]. Requisition raw materials into production (manufacturers only) [--]. Manufacture the inventory (manufacturers only) [--]. Store the inventory [--]. Ship the inventory 6."
YouTube Link 2025-07-21T14:01Z 365K followers, [----] engagements
"Profitability Index This video discusses the Profitability Index a metric that is used to select which positive-NPV projects to accept when there is a resource constraint (e.g. a budget). The video provides a comprehensive example to show how the Profitability Index is calculated demonstrates how to use the Profitability Index in evaluating the pool of projects and highlights two assumptions that must be valid for the Profitability Index method to work. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to"
YouTube Link 2015-06-05T23:07Z 365K followers, 120K engagements
"How Debt Increases Return on Equity A company can increase return on equity by having a financial structure that is more heavily geared toward debt rather than equity. This is because higher financial leverage (assets / equity) increases return on equity when the company is profitable. We can decompose ROE into [--] components: profit margin asset turnover and financial leverage: ROE = profit margin x asset turnover x financial leverage This shows why higher financial leverage results in a higher return on equity provided the company is profitable. We can further condense this equation to show"
YouTube Link 2025-10-13T14:01Z 365K followers, [----] engagements
"Restricted Stock Award Deferred Tax Asset This video shows how a company would account for a restricted stock award when the restricted stock award creates a deferred tax asset. For purposes of financial reporting companies expense the fair value of a restricted stock award (the fair value as of the grant date) over the vesting period of the restricted shares. For U.S. tax purposes however companies don't get a tax deduction until the restricted stock award vests. Thus when a restricted stock award is expensed for financial reporting purposes before it is deductible for tax purposes this"
YouTube Link 2025-04-28T14:01Z 365K followers, [---] engagements
"How to Calculate Basis for S Corporation Stock A shareholder's basis in S corporation stock is calculated by making a series of upward and downward adjustments to the shareholder's initial stock basis. You can calculate a shareholder's basis in S corporation stock as follows: initial basis + capital contributions + ordinary income (pro rata share) + separately stated income (pro rata share) + tax-exempt income (pro rata share) + non-oil and non-gas depletion in excess of the property's basis (pro rata share) - distributions not reported as income - nondeductible noncapital expenses such as"
YouTube Link 2023-07-24T14:00Z 365K followers, 11.1K engagements
"Direct Labor Budget This video shows how to prepare a Direct Labor Budget. Manufacturing companies create a Direct Labor Budget so they know how much direct labor they will use and how much the direct labor is expected to cost. To prepare a Direct Labor Budget you must first prepare the Production Budget. This is because the Production Budget will tell you the required production for each period and the required production is part of the Direct Labor Budget. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission"
YouTube Link 2018-10-07T23:00Z 365K followers, 53.5K engagements
"Where to Find Advertising Expense in the Financial Statements Because advertising expense is an expense you might think it would appear on a company's income statement. But advertising expense doesn't appear as a line item on the income statement for most publicly-traded companies. Instead advertising expense is buried within the line item "selling general and administrative expense" (aka SG&A expense). Thus to find a company's advertising expense you need to go to the notes that accompany the financial statements. In the notes companies will typically tell you the amount of advertising"
YouTube Link 2025-05-26T14:01Z 365K followers, [---] engagements
"How to Account for Research and Development Cost This video shows how to account for research and development costs under both U.S. GAAP (ASC 730) and IFRS (IAS 38). While many research and development costs are expensed as incurred some research and development costs are capitalized. This video: -Explains what is and what is not considered research and development costs -Explains which research and development costs are expensed as incurred and which are capitalized -Highlights important differences in the accounting for research and development costs between U.S. GAAP and IFRS Edspira is"
YouTube Link 2025-06-23T14:01Z 365K followers, [----] engagements
"How to Interpret Statement of Stockholders' Equity The statement of stockholders' equity shows why a company's various stockholders' equity accounts (as well as total stockholders' equity) changed during the period. The statement of stockholders' equity contains a lot of information so it can be helpful to break it down to the following formula that highlights the changes in stockholders' equity that occurred: Beginning balance stockholders' equity +/- Comprehensive income + Capital contributions - Share repurchases - Dividends Ending balance stockholders' equity Thus stockholders' equity"
YouTube Link 2025-06-16T14:01Z 365K followers, [----] engagements
"Where to Find Research and Development Expense in the Financial Statements This video shows you where to find research and development expense (R&D expense) in a company's financial statements. Most companies don't have a line item on their income statement that says "research and development expense." This is because research and development expense is usually included in SG&A expense (although some companies include research and development expense in cost of goods sold). However both U.S. GAAP (ASC 730) and IFRS (IAS 38) require companies to disclose their total research and development"
YouTube Link 2025-06-30T14:01Z 365K followers, [---] engagements
"Present Value of an Annuity This video explains how to calculate the present value of an annuity. A formula is presented for calculating the present value of an annuity and an example is used to illustrate the calculations. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2013-09-17T18:18Z 365K followers, 379.8K engagements
"Analyzing Disney's Financial Statements In this video I analyze revenue growth profitability and cash flow for the company Disney. I also break out the analysis further by looking at Disney's revenue growth and profitability by operating segment. The analysis shows improved financial performance (particularly cash flow) since Bob Iger was re-hired as CEO. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely available to the world. SUBSCRIBE FOR A FREE 53-PAGE"
YouTube Link 2025-11-26T15:31Z 365K followers, [----] engagements
"How to Analyze Gross Margin Percentage It's important to analyze changes in a company's gross margin percentage over time. The gross margin percentage is calculated as follows: (net sales - cost of goods sold) / net sales x [---] There are many different reasons why a company's gross margin percentage may increase or decrease and these changes may be revenue-driven or cost-driven. An example of a revenue-driven change would be if a company initiates price cuts to stimulate demand. An example of a cost-driven change would be if the company's cost of raw materials were to increase. In both cases"
YouTube Link 2025-08-25T14:01Z 365K followers, [----] engagements
"Internal Controls Inventory Management Process When performing the inventory audit an auditor needs to perform a walkthrough of the client's inventory management process to understand the internal controls that are in place (later the auditor can test the effectiveness of those internal controls). The auditor should gain an understanding of entity-level controls (does the audit committee meet frequently does management regularly review the number of days it takes to sell inventory etc.) as well as internal controls like segregation of duties using prenumbered receiving reports comparing the"
YouTube Link 2025-08-18T14:01Z 365K followers, [----] engagements
"How to Calculate Beta using Covariance and Variance This video shows how to calculate the beta of a stock using the covariance of the stock with the market index. Beta is equal to: (1) the covariance of a company's stock returns with the returns of the market index (e.g. the returns of the S&P 500) divided by (2) the variance of the returns of the market index. Covariance / variance = beta For example if we are examining monthly stock returns for a company called Fluffy Love and the S&P [---] for the past five years and we find that the covariance between the returns of Fluffy Love and the"
YouTube Link 2018-08-26T23:07Z 365K followers, 109.2K engagements
"How to Tell if a Company is Profitable from Financial Statements Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2025-11-03T15:01Z 365K followers, [----] engagements
"Equity Value vs. Enterprise Value The enterprise value measures the entire value of a firm whereas the equity value represents the value attributable to common shareholders. The enterprise value is calculated as follows: enterprise value = equity value + net debt + preferred stock + noncontrolling interest Where net debt equals debt minus cash and cash equivalents. The enterprise value can be estimated by forecasting a company's unlevered free cash flows and discounting them to their present value. The resulting figure is the enterprise value; the implied equity value can then be calculated"
YouTube Link 2025-10-20T14:01Z 365K followers, [----] engagements
"Tax Deduction for Tips US Tax The One Big Beautiful Bill Act (OB3) created a tax deduction for qualified tips per [---] of the tax code starting with the [----] tax year. This is a deduction from AGI (below-the-line deduction) so it doesnt reduce the taxpayers AGI. However taxpayers dont need to itemize deductions to be able to take this deduction. The tips will still be subject to Social Security and Medicare. Qualified tips are tips received in an occupation that customarily and regularly receives tips per 224(d)(1). Tips paid by cash debit card or credit card (or under a tip-sharing"
YouTube Link 2025-07-07T14:01Z 365K followers, [---] engagements
"How to Make a Multi-step Income Statement This video shows how to create a multi-step income statement. A list of accounts is used to make a multi-step income statement in good form. The video also explains why a multi-step income statement is more informative than a single-step income statement. Edspira is your source for business and financial education. To view the entire video library for free visit http://www.EducationUnlocked.org/ To like us on Facebook visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin who went from teenage homelessness to a PhD. The"
YouTube Link 2016-09-18T21:52Z 365K followers, 110.5K engagements
"Retained Earnings formula This video shows the formula for Retained Earnings. The ending balance of Retained Earnings is equal to the beginning balance of Retained Earnings plus the Net Income (or minus the Net Loss) for the period and minus any dividends declared during the period. The video provides an example of the Retained Earnings formula using actual financial data for the grocery store chain Kroger. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras mission is to make a high-quality business education freely"
YouTube Link 2019-01-30T00:00Z 365K followers, 33.3K engagements
"Average Cost Inventory Method This video explains how to use the average cost method to calculate cost of goods sold and ending inventory. An example is presented to illustrate how the average cost method is used to compute COGS and inventory. Edspira is the creation of Michael McLaughlin an award-winning professor who went from teenage homelessness to a PhD. Edspiras 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"
YouTube Link 2014-08-31T22:28Z 365K followers, 389.4K engagements
"Retail Inventory Method This video shows how to use the retail inventory method in Financial Accounting. The retail inventory method is a quick and cheap way to estimate the ending inventory. Instead of doing a physical count of the inventory you calculate the cost-to-retail percentage and use it to determine how much inventory was in Cost of Goods Sold which then allows you to calculate the ending inventory. The video provides an example that shows how to compute the ending inventory using the cost-to-retail percentage. There are a couple of drawbacks to using the retail inventory method. It"
YouTube Link 2017-04-30T15:09Z 365K followers, 58.9K engagements
"Systematic Risk vs Unsystematic Risk This video shows the difference between systematic risk (market risk) and unsystematic risk (firm-specific risk diversifiable risk). Unsystematic risk results from events that have a unique effect on a firm's stock price (e.g. the CEO is fired) while systematic risk results from common shocks that affect all firms (the U.S. Federal Reserve decides to cut interest rates). When an investor chooses to invest in a portfolio of different stocks the firm-specific risks average out (one firm has a good event while another has a bad event); the volatility (a"
YouTube Link 2016-01-18T01:33Z 365K followers, 95.9K engagements
"Introduction to Beta in Corporate Finance This video shows what beta is in the context of Corporate Finance. Beta is the percentage change in an asset's return given a 1% change in the return of the market portfolio (an index such as the S&P [---] is commonly used to proxy for the market portfolio. Beta is important because it measures the amount of systematic risk an asset has. Because unsystematic risk (firm-specific risk) can be diversified away the systematic risk of an asset is what determines the risk premium demanded by investors for holding the asset. Thus beta can be used to calculate"
YouTube Link 2016-01-18T01:33Z 365K followers, 189.7K engagements
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