- Видео 352
- Просмотров 275 531
Patrick Bray CPA
США
Добавлен 27 май 2022
Accounting & Finance Education
Target topics will include Accounting 101, Technical Accounting, Finance & Finance concepts, Individual & Corporate Tax and I'll layer in some Excel Tips and Tricks from time to time.
In addition, I post daily accounting quizzes to my community page.
My background is in corporate accounting where I've worked primarily in the investment management and insurance industries. My career started off as a staff accountant and I've worked my way up to CFO of a mid-size company. My goal here is to share what I've learned along the way and what I wish I knew earlier in my career.
Disclosure Disclaimer: The information on this channel is provided for general educational purposes only and may not reflect changes in federal or state laws. Please consult with a professional advisor about your facts and circumstances.
Target topics will include Accounting 101, Technical Accounting, Finance & Finance concepts, Individual & Corporate Tax and I'll layer in some Excel Tips and Tricks from time to time.
In addition, I post daily accounting quizzes to my community page.
My background is in corporate accounting where I've worked primarily in the investment management and insurance industries. My career started off as a staff accountant and I've worked my way up to CFO of a mid-size company. My goal here is to share what I've learned along the way and what I wish I knew earlier in my career.
Disclosure Disclaimer: The information on this channel is provided for general educational purposes only and may not reflect changes in federal or state laws. Please consult with a professional advisor about your facts and circumstances.
5 Examples of Noncurrent Liabilities found on the Balance Sheet
Noncurrent Liabilities are classified as money owed to another party which is due past 1 year of the balance sheet date.
Five examples include:
1) Notes Payable: typically a promissory note
2) Mortgage Payable: financing for purchase of a property
3) Bank Debt: debt issued by a commercial bank
4) Bonds Payable: debt instrument used to raise capital for a business
5) Shareholder note payable: debt owed to a shareholder for redeeming shares of stock
Also check out:
5 Examples of Noncurrent Assets found on the Balance Sheet
ruclips.net/video/-TG4jdWIsGg/видео.html
5 Examples of Current Liabilities found on the Balance Sheet
ruclips.net/video/3ZEoOnRSCP8/видео.html
#liability #accounting #balancesheet ...
Five examples include:
1) Notes Payable: typically a promissory note
2) Mortgage Payable: financing for purchase of a property
3) Bank Debt: debt issued by a commercial bank
4) Bonds Payable: debt instrument used to raise capital for a business
5) Shareholder note payable: debt owed to a shareholder for redeeming shares of stock
Also check out:
5 Examples of Noncurrent Assets found on the Balance Sheet
ruclips.net/video/-TG4jdWIsGg/видео.html
5 Examples of Current Liabilities found on the Balance Sheet
ruclips.net/video/3ZEoOnRSCP8/видео.html
#liability #accounting #balancesheet ...
Просмотров: 50
Видео
5 Examples of Noncurrent Assets found on the Balance Sheet
Просмотров 8214 дней назад
Let's walk through what exactly classifies as a non-current asset! From fixed assets to Goodwill, we'll explore the ins and outs of these important components of a balance sheet. Assets are classified as tangible and intangible accounts which have a future economic benefit. We are covering noncurrent assets which will have an economic value beyond a year. 5 examples include: 1) Fixed Assets: ta...
5 Examples of Current Liabilities found on the Balance Sheet
Просмотров 86Месяц назад
Current Liabilities are classified as money owed to another party which is due within a year. Five examples include: 1) Accounts Payable: trade goods and services which have been incurred and are unpaid as of the balance sheet date 2) Accrued Expenses: expense incurred, but not paid or entered through accounts payable 3) Accrued Payroll: compensation that has been earned, but not paid 4) Curren...
5 Examples of Current Assets found on the Balance Sheet
Просмотров 114Месяц назад
Assets are classified as tangible and intangible accounts which have a future economic benefit. We are covering current assets in this video which are assets that are cash or can/will be converted into cash within a year. Five examples include: 1) Cash: bank cash balances or any cash account that holds the company's currency 2) Accounts Receivable: goods or services incurred and earned which ha...
GAAP Case Study: Bank Failure of Republic First Bancorp
Просмотров 88Месяц назад
I'm sharing with you what I found reviewing the 10K and 10Q filings of Republic First Bancorp regarding its Available for Sale Securities (AFS) and Held to Maturity Securities (HTM). Republic First Bancorp was shutdown by the Pennsylvania bank regulators and then turned over to the Federal Deposit Insurance Corp. (FDIC). Check other case studies I've reviewed here: ruclips.net/p/PL9KeWPnGOpg70l...
McDonalds 10K: Reviewing Foreign Currency and Hedge Accounting (ASC 830)
Просмотров 832 месяца назад
In this video, we're going to show you GAAP accounting concepts for Foreign Currency and Hedging activity. ASC 830 provides accounting and reporting requirements for determining the functional currency, converting foreign currency transactions and translating the financial statements into the reporting currency. ASC 815 governs hedge accounting. Definitions 1) Functional Currency - the currency...
Consolidation Accounting: 5 Technical and Operational Considerations (ASC 810)
Просмотров 872 месяца назад
We will cover five technical considerations related to consolidation accounting (ASC 810). This is the GAAP standard for accounting for the consolidation of business legal entities. If you are looking to learn more about technical accounting and ASC 810, studying for the CPA exam or a student taking accounting and finance courses, then this video is for you. 5 Consolidation Accounting Topics: 1...
Introduction to Bonus Depreciation
Просмотров 312 месяца назад
Bonus Depreciation is a federal tax deduction for property that you acquire and purchase for use in an active trade or business. Types of Assets Section 1245 Property = “tangible” or “personal” property Section 1250 Property = “real property” What is Bonus Depreciation? -Tax Cuts and Jobs Act of 2017 significantly increased the ability to utilize bonus depreciation -generally applies to MACRS p...
Introduction to Section 179 Tax Depreciation
Просмотров 662 месяца назад
Section 179 is a federal tax deduction for property that you acquire and purchase for use in an active trade or business Types of Assets Section 1245 Property = “tangible” or “personal” property Section 1250 Property = “real property” What is Section 179? -Section 179 allows a taxpayer to deduct a set dollar amount of qualified business property each year (qualified real property) -applies to p...
Strategic Tax Planning: Bonus Depreciation vs Section 179
Просмотров 323 месяца назад
Businesses can combine bonus depreciation and section 179 depreciation, but... Can Bonus depreciation create a tax loss? Can Section 179 cannot create a tax loss? What is Bonus Depreciation? -Tax Cuts and Jobs Act of 2017 significantly increased the ability to utilize bonus depreciation -includes property used in a trade or business or for the production of income and generally applies to MACRS...
Avoid Tax Surprises: What is Depreciation Recapture?
Просмотров 573 месяца назад
What is tax depreciation recapture? Section 1245 Property = “tangible” or “personal” property Section 1250 Property = “real property” When section 1245 property is sold at a gain, amounts previously claimed as depreciation (allowed or allowable) are recaptured at ordinary income tax rates, and the remaining gain is taxed at capital gains rates. This is because they have already received favorab...
Introduction to MACRS Tax Depreciation
Просмотров 333 месяца назад
Introduction to MACRS Tax Depreciation
Introduction to Accelerated Tax Depreciation ➡️ Bonus Depreciation and Section 179
Просмотров 953 месяца назад
Introduction to Accelerated Tax Depreciation ➡️ Bonus Depreciation and Section 179
Tesla 10k Review: Consolidation Accounting Concepts (ASC 810)
Просмотров 1383 месяца назад
Tesla 10k Review: Consolidation Accounting Concepts (ASC 810)
1099-K ➡️ The Problematic 3rd Party App Tax Form (Venmo, PayPal, eBay, etc)
Просмотров 1614 месяца назад
1099-K ➡️ The Problematic 3rd Party App Tax Form (Venmo, PayPal, eBay, etc)
Easy Way to Forecast Salaries for Financial Statement Projections
Просмотров 2224 месяца назад
Easy Way to Forecast Salaries for Financial Statement Projections
Expense Forecasting 101 ➡️ Costs of Goods Sold Example
Просмотров 295 месяцев назад
Expense Forecasting 101 ➡️ Costs of Goods Sold Example
Expense Forecasting 101 ➡️ Investment Expenses Example
Просмотров 445 месяцев назад
Expense Forecasting 101 ➡️ Investment Expenses Example
Expense Forecasting 101 ➡️ Assets Under Management Example
Просмотров 205 месяцев назад
Expense Forecasting 101 ➡️ Assets Under Management Example
Introduction to Financial Statement Projections ➡️ Forecasting Expenses (3 Examples)
Просмотров 586 месяцев назад
Introduction to Financial Statement Projections ➡️ Forecasting Expenses (3 Examples)
Calculate Return of Investment in Excel (ROI)
Просмотров 1906 месяцев назад
Calculate Return of Investment in Excel (ROI)
Calculate CAGR in Excel (Compound Annual Growth Rate)
Просмотров 1126 месяцев назад
Calculate CAGR in Excel (Compound Annual Growth Rate)
Use Excel to Show Percentage of Total (100%) in a Stacked Bar Chart
Просмотров 866 месяцев назад
Use Excel to Show Percentage of Total (100%) in a Stacked Bar Chart
What is Key Man Life Insurance and is it tax deductible?
Просмотров 586 месяцев назад
What is Key Man Life Insurance and is it tax deductible?
Analyze ROI and CAGR in Excel (Return of Investment vs Compound Annual Growth Rate)
Просмотров 4466 месяцев назад
Analyze ROI and CAGR in Excel (Return of Investment vs Compound Annual Growth Rate)
Revenue Forecasting 101 ➡️ Assets Under Management Example
Просмотров 357 месяцев назад
Revenue Forecasting 101 ➡️ Assets Under Management Example
Accounting for Unrealized Gains & Losses (GAAP and Tax Differences)
Просмотров 917 месяцев назад
Accounting for Unrealized Gains & Losses (GAAP and Tax Differences)
Revenue Forecasting 101 ➡️ Projecting Interest Income
Просмотров 467 месяцев назад
Revenue Forecasting 101 ➡️ Projecting Interest Income
Depreciation and Amortization: Straight Line GAAP vs. IRS Tax Depreciation
Просмотров 677 месяцев назад
Depreciation and Amortization: Straight Line GAAP vs. IRS Tax Depreciation
How to Find a Value in Excel using Conditional Formatting
Просмотров 218 месяцев назад
How to Find a Value in Excel using Conditional Formatting
These reviews are so helpful to me, and well done sir.👍
Thank you 🙌
Think AZ is at 2.5%
You are correct. How quickly this video has become stale: www.nerdwallet.com/article/taxes/arizona-state-income-tax-rates
best video I've seen about this!
Thank you - I appreciate that feedback 🙏
Thanks for dumbing it down for me chief 🫡🫡🫡
Bro this tutorial is fire🔥🔥
Nice explanation ❤
Thank you 🙂
Incredible cool teaching.
Just found your videos. They're excellent. Looking forward to studying more of them.
You are my new favorite person 🙏