Hi, as an accounting professional, I really enjoy watching all your videos! They are super helpful! Another topic that I personally would like to know more about is foreign exchange rates and cumulative transaction adjustments (CTA). Once again, thank you for making these videos!
thanks man! this takes me back to my days when i was doing my professional accounting studies and i hated group accounting at first. but then i realised it was super fun
Hi Bill, Great video! Thank you for this information but i have a few scenarios whether Inter-company eliminations would happen or not - 1. Between Parent company and subsidiary company with 20 percent ownership 2. Between Parent company and subsidiary company with 50 percent ownership 3. Between two subsidiary companies with 20 percent ownership 4. Between two subsidiary companies with 50 percent ownership 5. Between two subsidiary companies, one with 50 percent ownership and other one with 20 percent ownership
Thank you, I am a current CPA candidate and this was an area that I am struggling with. Elimination entries are the hardest part for me but an overall explanation of consolidations is super helpful.
Hi Bill, it's a simple yet very helpful video to understand about consolidation process in balance sheet. So, can you make another video about consolidation for income statement and comprehensive income?
Hi, Thanks for your lesson, can you pls also talk about more complex consolidations such as the intra group sales transactions , inter group loan transactions as well as if the the subsidiary got the goodwill ... Thanks:)
Hi . It it compulsory to do CPA to become accountant or controller. Or msc Finance and accounting or MIM in accounting and finance is enough to become controller or an accountant?
Hey Bill, great vid as always! I'm interested in becoming a controller and I know you made videos on the path to Controller/CFO at large/small companies but could you also make a video on the path to Chief Accounting Officer? That is a job that I don't hear much about and would like to learn more
I think this video is clear, simple, easy to understand. Lecturer presents really well. Do you have any Udemy course or online course that I can purchase to learn consolidated FS under IFRS systematically ?
i m from somalia and prepared ACCA when i prepared financial statement consolidation takes group what is difference between and your ledger.steps that i have done is group structure
Is your notes specifically for public company? because if it's a private company, if the company owns more than 50% of the subsidary and demonstrate sig. influence, the parent company gets to choose from these 3 methods.
As a CPA you literally gave about 34% of my paid for education away for free. Bless you for that, future financeers will benefit from your service bro
I'm an accounting student. These type of videos are super helpful! Thank you!
Hi, as an accounting professional, I really enjoy watching all your videos! They are super helpful! Another topic that I personally would like to know more about is foreign exchange rates and cumulative transaction adjustments (CTA). Once again, thank you for making these videos!
Good idea ok
I am accountant too and I would like to watch a video about that as well! 👍🏼👏🏼
I'm interested in this topic. Did you make a video on this topic?
thanks man! this takes me back to my days when i was doing my professional accounting studies and i hated group accounting at first. but then i realised it was super fun
Haha thanks for watching
I appreciate your effort making this content! Very helpful!
Hi Bill, Great video! Thank you for this information but i have a few scenarios whether Inter-company eliminations would happen or not -
1. Between Parent company and subsidiary company with 20 percent ownership
2. Between Parent company and subsidiary company with 50 percent ownership
3. Between two subsidiary companies with 20 percent ownership
4. Between two subsidiary companies with 50 percent ownership
5. Between two subsidiary companies, one with 50 percent ownership and other one with 20 percent ownership
Thank you, I am a current CPA candidate and this was an area that I am struggling with. Elimination entries are the hardest part for me but an overall explanation of consolidations is super helpful.
Thanks brother
Thank you so much! It is a very helpful video.
most useful videos to revise quickly.....
Wow...this is very nice. Looking forward for more such knowledgeable videos! Very helpful.
That's great. We hope for more videos like this.
Your content is gold bro, thanks
Hi Bill, it's a simple yet very helpful video to understand about consolidation process in balance sheet. So, can you make another video about consolidation for income statement and comprehensive income?
Please do more videos like this!
Love your videos man! Props 🤩
Wow finally understood the theory
Thanks. Again a Wonderful video.
Thanks bill ..Your videos is very helpful
Keep itup
Always impactful ... 👏
thank you as always, very easy to understand, very detailed and very helpful.
You are welcome!
so helpful!!!
You created your own destiny! Aww!! Love your t-shirt bro!
Thank you so so much ❤️❤️❤️
Thank you . U r Great
Thank you!!!
Superb.. simply explained a complex accounting process which would accountants think as rocket science.
Glad you liked it
THANK YOU!!!
Thanks for the video, it helps me to understand better
Glad to hear that!
Thank you for all the videos. I majored in accounting should I master in accounting or business administration
Love you sir Bill ❤️❤️
Tanks for previous
Thank you boss
Thank you so much, Bill! Very helpful!
So glad!
Hi, Thanks for your lesson, can you pls also talk about more complex consolidations such as the intra group sales transactions , inter group loan transactions as well as if the the subsidiary got the goodwill ...
Thanks:)
The best video ever!!! You should make a CPA course since you make it so simple. THANK YOU
Great suggestion!
Excellent I am from India, love watching all your videos❤
Awesome! Thank you!
Nice video bill , l like your way to describe accounting
If you can make video for goodwill
Perfect
Thanks for the awesome video. please make video on more intercompany detailed topics
Sure I will
Hi, am from India, your videos are excellent and very useful. Could you able to take the topics of IFRS 9 , 15 and 16
Hi . It it compulsory to do CPA to become accountant or controller. Or msc Finance and accounting or MIM in accounting and finance is enough to become controller or an accountant?
Hey Bill, great vid as always! I'm interested in becoming a controller and I know you made videos on the path to Controller/CFO at large/small companies but could you also make a video on the path to Chief Accounting Officer? That is a job that I don't hear much about and would like to learn more
Coming soon!
Can you share some links to go through or books for consolidation to understand the concepts better for a company of 100+ subsidiary
How did you get the 5,100 at the very end. An how does that number correlate to the initial consolidation before you did the one year after statement.
I think this video is clear, simple, easy to understand. Lecturer presents really well. Do you have any Udemy course or online course that I can purchase to learn consolidated FS under IFRS systematically ?
Hi. I have an online course on controllership on my website
@@TheFinancialController thanks for you reply. May I ask your website link ?
Hi, do you have one for income statement?
i m from somalia and prepared ACCA when i prepared financial statement consolidation takes group what is difference between and your ledger.steps that i have done is group structure
Please upload video with goodwill example
Please make more videos
The parent recorded 2k in there asset where ,is it recorded in subsidiary?
You say retained earnings in a plug. Is it not just the combined RE less the investment and capital elimination?
Is your notes specifically for public company? because if it's a private company, if the company owns more than 50% of the subsidary and demonstrate sig. influence, the parent company gets to choose from these 3 methods.
Is this different from finance? I need to study finance way for exams and finals.
How to prepare combined financial statement please show me
What kind of laptop should I get for school I'm considering the new MacBook or Microsoft surface 7?
Hello sir 😁 sir how to become a Ceo? steps by steps, experience , entry positions. please Tell me 💚
I have my exam tomorrow 😂, start prep at the last moment.
I want to learn depresation methods.different methods.
Is this IFRS?
How about if there's Minority Interest?
Then you would book a non current liability for the % of book value owned by other investors
Significant influence is greater than 25% but less than 50% ownership and controlling influence is greater than 50% ownership, right?
An investor has significant influence but not control of the investee if the investor holds between 20% and 50%. Controller typically is over 50%
Still waiting for the next video