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Asset vs. Share Purchase - How to Sell a Business How to Buy a Business - David C Barnett
 
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http://www.BusinessBuyerAdvantage.com http://www.HowToSellMyOwnBusiness.com http://www.InvestLocalBook.com Buying assets vs. buying shares When buying or selling a business, a common question that comes up is whether to buy or sell the shares or the assets of the business. For some people who are not familiar with this, the concept can be hard to grasp. That’s why I made this video to explain things in simple terms: https://youtu.be/HgDLgwbXgj0 Here’s an illustration. Imagine that Mark owns a lawn maintenance company; Mark’s Lawns Inc. Mark’s Lawns Inc. owns a tractor. If you wanted to get into the lawn maintenance business you could buy Mark’s Lawns Inc. The ownership of the tractor doesn’t change. It was and still is owned by Mark’s Lawns Inc. In this case, the seller is Mark. He’s selling the shares of the corporation to you. The other way to buy the business would be to buy the tractor. In this case, Mark’s Lawns Inc. is the seller. The ownership of Mark’s Lawns Inc. doesn’t change. Mark will still own this corporation after the transaction, the only difference is that the company will have money in it instead of a tractor. Because corporations are people under the law, a share sale makes a new owner subject to liabilities to past events. An attorney will do their best to structure warranties to try to protect a buyer but at the end of the day, a share sale could expose a buyer to unwanted liabilities. Asset sales are technically just the purchase of ‘stuff.’ In this regard a buyer doesn’t necessarily have to worry about most of the past issues with the corporation. Also there are usually tax advantages for buyers who buy assets because equipment that may have been fully depreciated by a seller may now appear on the buyer’s books at fair market value and can be depreciated again by the buyer. Seller’s know this and there is an equal tax disadvantage vis-à-vis depreciated equipment. Also, in some places, such as Canada, there is preferred tax treatment on the sale of shares of an eligible corporation. So when people ask me if they should buy or sell shares or assets I tell them this: Buyers should try to buy assets, sellers should try to sell shares but at the end of the day it doesn’t matter. The type of transaction will form part of the negotiation. Let me give you a simple example. A seller wants $250,000 for their business. A buyer offers $200,000. The seller says that they can’t go that low unless the buyer is willing to purchase shares… a deal is struck. The tax advantages/disadvantages of either form of sale are known by both parties and can sometimes be estimated by both parties. As such, it just comes down to dollars and cents in most cases.. unless there are specific reasons to buy shares such as contracts, government regulation, etc… but that is a subject for another day. If you’d like help to buy or sell a business, call me at (506) 381-8416 or visit www.HowToSellMyOwnBusiness.com or www.BusinessBuyerAdvantage.com Please remember to like and share this article, it’s the only way the people who run the internet have of knowing if the content is any good or not. The more you share, the more likely someone who needs this information will be able to find it. If you would like to hear from me weekly before anyone else, you can sign yourself up at www.DavidCBarnett.com Improve your business each and every day, download my FREE daily cheat sheet and hang it in your work area to keep yourself focused. https://gum.co/15Questions/FREE Do you live in Toronto? I’ve got workshops coming up for Toronto in September on buying and selling businesses. Book now, there isn’t much room left.. http://davidbarnett.eventbrite.ca If you’d like to learn how to create high returns by making local private lending deals, check out http://www.LocalInvestingCourse.com The Local Investing Academy starts in September. Thanks and I’ll see you next time.
Views: 14360 David Barnett
Property Plant and Equipment (capitalizing acquisition costs)
 
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This video discusses the various costs that are capitalized (made an asset) when a firm initially acquires property, plant, and equipment. Examples are provide to demonstrate how the initial value of land, buildings, and equipment are calculated by including not just the purchase price but all costs necessary to prepare the asset for use. 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 http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 17389 Edspira
QuickBooks Online QBO: Fixed Assets, Depreciation, Purchase of Fixed Assets on Loan
 
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Call us right now at (858) 798-5058 for QuickBooks private training or visit us online at http://www.NewQBO.com/ QuickBooks Online QBO: Fixed Assets, Depreciation, Purchase of Fixed Assets on Loan http:/NewQBO.com
Views: 46932 QuickBooksQBO
[Robert Kiyosaki] 4 Assets that make people Rich
 
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Subscribe for more great videos, or check out: www.SRPL.net ========================== My poor dad always told me to me go to school and get a high-paying job. That’s not creating wealth. That's a job. My rich dad on the other hand always says work for assets. There are basically 4 asset classes that makes a person rich. Number 1 is Business. The richest young guys today start companies. Some great examples of this are Facebook, Google, Apple, etc. Number 2 is real estate. What my rich dad taught me is the combination of being an entrepreneur in business and an entrepreneur in real estate. Now due to this combination, I pay no tax and I make a lot more money. The 3rd asset is Paper. Savings in gold, papers like stocks bonds mutual funds are liquid. You make a mistake, you can get in and out real quick. The last asset is Commodities and this is why I own oil because in the U.S. if you deal in oil, you get tax breaks. So oil is very profitable. ========================== Subscribe for more great videos, or check out: www.SRPL.net
Views: 2135610 Success Resources
What are the main sections of an asset purchase agreement?
 
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Watch more videos of Harold Steinbach discussing how to buy and sell a business in New York and New Jersey at www.reellawyers.com/harold-steinbach/ Visit New York and New Jersey business attorney Harold Steinbach at http://www.steinbachesq.com/attorneys/harold-i-steinbach/
Views: 135 ReelLawyers
Depreciation and Disposal of Fixed Assets
 
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Accounting for Depreciation and Disposal of Fixed Assets
Why Owning The Home You Live in is a Terrible Investment
 
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Why Owning The Home You Live in is a Terrible Investment Before you start sending me hate mail just hear me out on this one. Many of the most successful investors I know rent the home they live in. Why? Because owning the home they live in is a terrible investment. You don't get the tax benefits, you must keep the property fixed up, and there's problem with using a huge chunk of change for a down payment. Let me know your thoughts below! VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: http://www.morrisinvest.com LISTEN TO THE PODCAST: iTunes: https://itunes.apple.com/us/podcast/investing-in-real-estate-clayton/id1115024566?mt=2 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 95691 Morris Invest
Tutorial for Depreciation Class 11 (Purchase of an Asset) in Hindi | Shrinivas Bhatt | Offclasses
 
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Depreciation Class 11 (Purchase of an Asset) This is the basics of Depreciation. Part 2 coming soon. You can comment down all your doubts. We are always open for suggestions. Link to Assignment: https://drive.google.com/open?id=0B-D-lvjJCHAeSHNhSm1oMEFhUVk
Views: 11560 Offclasses
Warren Buffett: Buying And Holding Index Funds Has Worked | CNBC
 
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Berkshire Hathaway CEO Warren Buffett speaks to CNBC's Becky Quick about this year's shareholder meeting and his best long-term investing tip. For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Warren Buffett: Buying And Holding Index Funds Has Worked | CNBC
Views: 127382 CNBC
The $7 Asset Everyone Can Afford
 
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http://www.ThisIsStep2.com After reading Robert Kiyosaki's "Rich Dad, Poor Dad", and "The Cashflow Quadrant", I started helping people to actually make money online and make money on the internet. I made the video "The ONE Thing That The RICH BUY That The Poor and Middle Class Don't" which has gone viral: https://www.youtube.com/watch?v=oI2YFX0zDII For more information and to get the 4-day ecourse: http://www.SolopreneurSchool.com/optin To get more life-changing ideas about money and time, or you just want to be successful in this area, click the link. If you've ever wanted to learn how to grow an internet business and create a new life, then you must start here. Robert Kiyosaki's "Rich dad, Poor Dad" is responsible for a lot of the ideas in this video, along with Tim Sales' video "What The Rich Buy On Payday". If you've ever watched anything by Eric Worre of Network Marketing Pro fame, then you'll know that Bones Rodriguez and he used to work together. An actor, author, and entrepreneur, John "Bones" Rodriguez helps people create assets and make money online. https://www.youtube.com/watch?v=oI2YFX0zDII http://www.youcantmissthis.com/2016/09/this-is-step-1-what-wealthy-buy-that.html https://www.facebook.com/YouCantMIssThisBlog/posts/955804811218325 I do some speaking occasionally to different groups of people who would like their circumstances to change. The problem is that circumstances usually don't change until the people in the circumstances change. Which means that the only way to change your circumstances is to change yourself. The information in these few pages will only take 10 minutes to read, but has drastically changed my life's circumstances, and it can do the same for you if you take action on the information. The only difference between what you have and what you want is APPLIED KNOWLEDGE. This booklet will be the knowledge, but YOU have to apply it. NEW WORDS There might seem to be a lot of differences between the rich, the poor, and the middle class, but what if I told you that there was only one idea that the rich use that the the other two do not, that makes all the difference? It’s so simple but so important that when I finally understood it, it changed my life forever. I'm going to open your eyes and show you exactly what I mean, and you’ll see why the rich get richer, the poor get poorer, and the middle class are getting squeezed out. It’s not about what they do, but what they BUY. I want to make this as simple as I can, but to start I want to give you a few definitions of four important words. (When I first heard these, I thought I knew them, but it turns out I was wrong) The words are: Income- which means money you bring in Expenses- which means money you spend These two words are used by the rich, poor, and middle class, but it’s these next two that I thought I knew, but blew my mind: Liabilities- Something that costs you Assets- Something that pays you. Before, I thought an asset was something you own, like a house, a car, or something expensive. But the rich have a different definition of Assets, and this is the one we’ll be working with: “Something that pays you” Usually, people call their house an asset, and if you ask an accountant, they’ll tell you it is, but if you use these definitions, it can also be a liability, right? A house you own but live in COSTS you money, so it’s a liability. BUT, a house that you rent to other people and make money from is an ASSET. So, a quick review: Income is money you make Expenses is money you spend Liability cost you money Assets pay you money. THE RICH Instead of buying STUFF and liabilities with their money, the wealthy buy ASSETS. Again, an ASSET is something that PAYS you. This blew my mind when I heard it because I had no idea that you could even do that… BUY something that PAYS YOU? https://www.ThisIsStep2.com
Views: 426573 Bones Rodriguez
What's The One Thing Rich People Buy That Poor People Don't - Boss In The Bentley
 
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Don't make purchases with the mentality of poor people. Find out what's the one thing rich people buy to become richer. Watch the entire series of Boss In The Bentley here: https://www.youtube.com/watch?v=pZrWTgiML48&list=PLEmTTOfet46OWsrbWGPnPW8mvDtjge_6- ★☆★BONUS FOR A LIMITED TIME★☆★ You can download Dan Lok's best-selling book F.U. Money for FREE: http://richbuy.danlok.link Discover the most powerful money model: https://www.youtube.com/watch?v=hjgN-K_b7nk ★☆★ SUBSCRIBE TO DAN'S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/user/vanentrepreneurgroup?sub_confirmation=1 Check out these Top Trending Playlist: 1.) How to Sell High Ticket Products & Services: https://www.youtube.com/playlist?list=PLEmTTOfet46PlgDZSSo-gxM8ahZ9RtNQE 2.) The Art of High Ticket Sales - https://www.youtube.com/playlist?list=PLEmTTOfet46NufVkPfYhpUJAD1OBoQEEd 3.) Millionaire Mindset - https://www.youtube.com/playlist?list=PLEmTTOfet46O591glMGzRMoHaIJB-bQiq Dan Lok, a.k.a. The King of High-Ticket Sales is one of the highest-paid and most respected consultants in the luxury and “high-ticket” space. Dan is the creator of High-Ticket Millions Methodology™, the world's most advanced system for getting high-end clients and commanding high fees with no resistance. Dan works exclusively with coaches, consultants, thought leaders and other service professionals who want a more sustainable, leveraged lifestyle and business through High-Ticket programs and Equity Income. Dan is one of the rare keynote speakers and business consultants that actually owns a portfolio of highly profitable business ventures. Not only he is a two times TEDx opening speaker, he's also an international best-selling author of over 12 books and the host of Shoulders of Titans show. Dan's availability is extremely limited. As such, he's very selective and he is expensive (although it will be FAR less expensive than staying where you are). Many of his clients are seeing a positive return on their investments in days, not months. But if you think your business might benefit from one-on-one interaction with Dan, visit http://danlok.com ★☆★ WANT TO OWN DAN'S BOOKS? ★☆★ http://www.amazon.com/Dan-Lok/e/B002BLXW1K ★☆★ NEED SOLID ADVICE? ★☆★ Request a call with Dan: https://clarity.fm/danlok Photo source credits and References: Bill Gates: https://www.flickr.com/photos/junaidrao/28419235809/ Warren Buffet: Nicholas KAMM / AFP: https://www.thenational.ae/business/money/get-rich-and-retire-early-by-investing-like-warren-buffett-1.699590 ★☆★ CONNECT WITH DAN ON SOCIAL MEDIA ★☆★ Blog: http://www.danlok.com/blog/ Podcast: http://www.shouldersoftitans.com/ Twitter: https://twitter.com/danthemanlok Instagram: https://www.instagram.com/danlok/ YouTube: https://www.youtube.com/user/vanentrepreneurgroup Linkedin: https://www.linkedin.com/in/danlok Amazon: http://www.amazon.com/Dan-Lok/e/B002BLXW1K This video is about What's The One Thing Rich People Buy that Poor People Don't - Boss In The Bentley https://youtu.be/XsgB3a7w_jY https://youtu.be/XsgB3a7w_jY Image Attribution: Bill Gates Photo by Blinkist https://www.blinkist.com/magazine/posts/7-key-lessons-from-business-adventures-bill-gatess-favorite-business-book Warren Buffet Photo by Nicholas KAMM / AFP https://www.thenational.ae/business/money/get-rich-and-retire-early-by-investing-like-warren-buffett-1.699590
Views: 1132092 Dan Lok
Asset-Based Financing Options for Businesses
 
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http://www.driveyoursuccess.com Video explaining asset-based financing options of factoring, purchase order financing and inventory financing
Views: 7067 Ian Johnson
What does an Asset Manager do?
 
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You want to dive deep into the world of finance and management? Visit us: http://www.frankfurt-school.de/en/home/programmes.html?utm_source=youtube&utm_medium=ACQUISITION Asset management is the administration of assets. Depending on the investor’s goals and their willingness to take risks, an asset manager compiles a portfolio. Security papers, that promise a high return are usually rather risky. A skilled asset manager thus should create a portfolio which balances out an appropriate level of risk with suitable returns. This task can be compared to the work a chef does when assembling a multiple course menu for his guests. The chef will purchase the necessary ingredients at a food market – the asset manager procures security papers from the capital market. He needs to consider and incorporate his client’s willingness to take risks – the chef on the other hand needs to cater to his guest’s tastes. Too little salt is just as detrimental as too much of it. While the chef is able to check his dishes by tasting them, the asset manager has to go to greater lengths to verify his portfolio. Possible returns as well as risks refer to the future. Here, complex political, economical or psychological factors have to be taken into account. Assessing these is what makes asset management interesting and challenging in the present, it’s results and quality may only be experienced in the future, though.
Accounting for Beginners #14 / Journal Entry with Cash / Expense
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! In my 14th video for my Accounting for beginners series, i go over a Basic Journal Entry involving cash. In this Journal Entry, i have cash leaving the Business as an Expense The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA
Views: 42149 CPA Strength
Accounts Payable vs. Accrued Expenses - Interview Question
 
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Accounts Payable vs. Accrued Expenses on the 3 Financial Statements: Why Does It Matter? By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" It's a common interview question! You may be asked about the differences between them, how changes are reflected on the 3 financial statements, and so on. And most Google search results on this topic are AWFUL and do not answer the actual question at all, or do so in a confusing way that misses the point (trust me, I looked). THE SHORT ANSWER: Accounts Payable (AP) and Accrued Expenses (AE) work in a VERY similar way... IF they both correspond to Operating Expense line items, or other items that appear directly on the Income Statement. However, AP is more likely to correspond to events such as the purchase of Inventory, which would NOT show up on the Income Statement initially, and so you're more likely to see different treatment with Accounts Payable (no Income Statement impact - just an Asset on the Balance Sheet increasing and AP on the Liabilities & Equity side increasing to balance the change). Both these items represent cases where we've INCURRED an expense but not actually paid for it in cash yet. Example 1: We get an invoice for a legal bill from a law firm we hired. They already performed the service, so we incurred the expense, but we haven't paid them in cash yet. Example 2: We pay rent at the beginning of each month. In between, that expense accrues because we use the building or office every day of the month... so it's not accurate just to view it as an expense on one day of the month, but rather an expense that gets accrued every single day and then paid in cash at the beginning of the month. Example 1 corresponds to Accounts Payable, because we typically use AP for items with specific invoices. Example 2 corresponds to Accrued Expenses, which we typically use for recurring, monthly/quarterly/weekly items WITHOUT specific invoices, such as rent, utilities, employees' wages, and so on. What Happens on the 3 Statements When AP or AE Change? IF they both correspond to COGS or Operating Expenses IN THE CURRENT PERIOD and therefore refer to actual expenses listed on the Income Statement: Let's use the example of AP or AE of $100 on the 3 statements: 1) Income Statement - Expenses (most likely OpEx) will increase by $100, reducing Pre-Tax Income by $100 and Net Income by $60 assuming a 40% tax rate. 2) Cash Flow Statement - Net Income is down by $60, but this expense we just recognized was non-cash, so we record the increase in AP or AE as a cash increase of $100. Our cash flow and ending cash at the bottom are up by $40. 3) Balance Sheet - Cash is up by $40 on the Assets side; on the L&E side, AP or AE is up by $100, but Retained Earnings is down by $60 due to the reduced Net Income, so both sides are up by $40. INTUITION: You've saved on taxes because you recorded an expense, took the tax deduction, and reduced your tax bill... but you haven't paid that expense in cash yet! It's all about the tax savings in this first step. Now, Step 2: What Happens When You Pay the AP or AE in Cash, For Real 1) No changes on the Income Statement - already recognized this as an expense! 2) Cash Flow Statement: Net Income is still down by $60... and now we REMOVE that adjusting entry for AP or AE, so cash no longer goes up by $100 from that. As a result, cash at the bottom is just down by $60. 3) Balance Sheet: Cash is now down by $60 rather than being up by $40, because we just paid that expense in cash. On the other side, AP or AE is now back to its old level and is no longer up by $100. Retained Earnings is still down by $60, so both sides are down by $60 and balance. BUT HERE'S THE IMPORTANT DIFFERENCE BETWEEN THEM: AE almost always correspond to Operating Expenses or other Income Statement expense items... but Accounts Payable often do not. EXAMPLE: Company buys $100 of Inventory on credit - supplier sends over the Inventory, "in good faith," and sends the company an invoice, which goes to its Accounts Payable account. In this case, there are NO CHANGES on the Income Statement because nothing happens there until this Inventory is turned into products and sold to customers! Instead, Inventory on the BS simply goes up by $100, and AP on the other side goes up by $100 to balance it. That scenario happens a lot with AP, but very-rarely-to-never with AE. Further Resources http://breakingintowallstreet.com/biws/3-statement-excel-model-interview-questions/
Accounting for Beginners #27 / Paying an Expense / Does it Increase Assets / Accounting Tips
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #27 / Paying an Expense / Does it Increase Assets / Accounting Tips In this video we are Paying a Utility Bill, which is an Expense. We are paying the Bill with Cash which is an Asset. I got this question in a comment from a viewer, thank you. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA
Views: 9801 CPA Strength
Purchasing and Procurement: What's the difference? How do they contribute to the supply chain?
 
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To download slides: http://www.slideshare.net/IIRME/webinar-purchasing-and-procurement-whats-the-difference To download materials: http://assets.informa-mea.com/Sites/iirme.com/Webinars/Purchasing%20and%20Procurement%20Whats%20the%20difference/Purchasing%20and%20Procurement%20Whats%20the%20difference%20Questions%20Answered.pdf For other Informa Webinars: http://www.informa-mea.com/webinars In the business world, the practice of using similar terminology seems to work, although it can sometimes be a little confusing. Many people use the terms purchasing and procurement interchangeably, but despite their apparent similarities they do have different meanings. This webinar aims to clarify any confusion between these two related, yet different, business cousins and put them into the supply chain context. The webinar will also help you look at the supply chain as a strategic management function that exists to add to the competitive advantage of your business. The Speaker Ian Moody has over 30 years of business experience ranging from senior management positions, in such companies as Ericsson to founding and selling his own companies. Ian designs and delivers training programmes globally with particular attention to the GCC nations. He works in many fields including both accredited and non-accredited courses. Ian divides his time equally between the Middle East and the UK. In the UK Ian is a lead professor at London Met University and the University of West London specialising in working with students to gain their membership to the Chartered Institute of Procurement and Supply. Check out Ian Moody's Training Courses & Webinars: Training Courses: Chartered Institute of Procurement and Supply (CIPS) – Diploma In Procurement And Supply Exam Preparation Unit 1 - Contexts Of Procurement And Supply Unit 2 - Business Needs In Procurement And Supply Unit 3 - Sourcing In Procurement And Supply Unit 4 - Negotiating And Contracting In Procurement And Supply Unit 5 - Managing Contracts And Relationships In Procurement And Supply For more information, please visit: http://www.informa-mea.com/Training/CIPSdiploma Certificate In Risk Management In The Supply Chain For more information, please visit: http://www.informa-mea.com/Training/procurementrisk Certificate In Financial Tools In Procurement For more information, please visit: http://www.informa-mea.com/Training/procurementfinance FREE Webinars: Specification – A Guide To Writing Good Specifications Recording: https://youtu.be/SavIHSDaIqM Slide: http://www.slideshare.net/IIRME/webinar-specification-a-guide-to-writing-good-specifications Purchasing and Procurement: What's the difference? How do they contribute to the supply chain? Recording: https://youtu.be/WAtDKK_uMgk Slide: http://www.slideshare.net/IIRME/webinar-purchasing-and-procurement-whats-the-difference Materials: http://assets.informa-mea.com/Sites/iirme.com/Webinars/Purchasing%20and%20Procurement%20Whats%20the%20difference/Purchasing%20and%20Procurement%20Whats%20the%20difference%20Questions%20Answered.pdf Why Sustainable Supply Chains Make Business Sense Recording: https://youtu.be/xLz_o99dyuc Slides: http://www.slideshare.net/IIRME/wb017-why-sustainable-supply-chains-make-business-sense-slides
Views: 73492 Informa Middle East
M&A Deal Structure - Common Issues in Mergers & Acquisitions
 
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M&A Deal Tips #1: Here's a brief description of the three basic types of deal structures for buying and selling a business — a stock purchase transaction, an asset purchase transaction, and a statutory merger transaction — and which is best for buyer and seller. By Massachusetts M&A Attorney Scott Bleier. (http://www.mbbp.com/attorneys/bleier_scott.html) Three alternatives exist for structuring a transaction: (i) stock purchase, (ii) asset sale, and (iii) merger. The acquirer and target have competing legal interests and considerations within each alternative. It is important to recognize and address material issues when negotiating a specific deal structure. Certain primary considerations relating to deal structure are: (i) transferability of liability, (ii) third party contractual consent requirements, (iii) stockholder approval, and (iv) tax consequences. For more resources on M&A transactions, please see: Mergers & Acquisitions Practice http://mbbp.com/practices/mergers-acquisitions See also: Top Ten Issues in M&A Transactions http://mbbp.com/news/issues-in-ma-transactions
Crazy Things Mayweather Bought With His Prize Money
 
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top 10 most ridiculously expensive items Floyd Mayweather bought Subscribe to TheSportster http://goo.gl/mZKUfd For copyright matters please contact us at: [email protected] Floyd Mayweather is not shy with his money. The undefeated boxer has spent years living lavishly, earning millions of dollars, and using that money to live the best life possible. All along the way, Mayweather has purchased some very expensive items and things that people could only dream about. Not only did Mayweather spend millions on a sports car, but it is deemed one of the most expensive cars in the world. Mayweather loves to gift loved ones and that’s likely what he did when he spent hundreds of thousands of dollars on Hermes Alligator bags. Mayweather loves to travel around in style and that’s exactly what he did when he ordered the Mercedes party bus for him and his crew. When he’s not boxing, Mayweather is living it up a huge mansion that he has dubbed “The Big Boy Mansion”. One of the most expensive pieces of paper that Mayweather owns is his own contract which he played hundreds of thousands of dollars to get. When you’re as rich and famous as Mayweather, you have the ability to purchase and maintain your own private jet. Over a million dollars has also been poured onto his wrist in the form of an extremely expensive Hublot watch. More jewelry has also been purchased by Mayweather, including over $10 million worth to help celebrate the new year. When Mayweather wants to travel, he has the option of visiting his million dollar Miami penthouse. Mayweather also owns two extremely expensive Bugatti vehicles. Watch to see these expensive purchases and how Mayweather spends his millions of dollars! For more videos and articles visit: http://www.TheSportster.com
Views: 3424396 TheSportster
What is Consumer Legal Funding it is a purchase of an asset
 
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Dan Cleary the owner of a Tennessee Funding Company explains what Consumer Legal Funding really is, a purchase of an asset.
Views: 21 ARC LegalFunding
Introduction to Balance Sheets | Housing | Finance & Capital Markets | Khan Academy
 
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Using a home purchase to illustrate assets, liabilities and owner's equity. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/housing/home-equity-tutorial/v/more-on-balance-sheets-and-equity?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: This old and badly drawn tutorial covers a topic essential to anyone planning to not live in the woods -- your personal balance sheet. Since homes are usually the biggest part of these personal balance sheets, we cover that too. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 720791 Khan Academy
What is an asset purchase agreement?
 
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What is an asset purchase agreement? | Sheryl Hunter | Hunter Business Law | We help your business | Request Consultation | 813-867-2640 | http://www.hunterbusinesslaw.com/ | [email protected] | 119 S Dakota Ave , Tampa, FL 33606 An asset purchase agreement refers to a document that says one party is going to buy the assets of the other party. Typically, this comes at in a situation where a business is selling it's assets to a buyer. A lot of times when people sell their business, it's actually the assets that are being purchased by the buyer, not the business entity itself. There's a lot of tax and liability reasons why most buyers prefer to buy the assets of a company in supposed to buying the company shares and membership units. The asset purchase agreement basically just documents the purchase price, when is the closing date, what is it they're exactly purchasing, when is this all going to happen, whether the seller is going to stay on to provide training and transition services. These documents can be anywhere from five pages to 50 pages or more depending on how complex the transaction is.
Views: 130 Hunter Business Law
ECB’s Praet on ending the asset purchase programme and the bank’s next moves | Street Signs Europe
 
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Peter Praet, member of the ECB’s executive board, discusses the central bank’s strategy.
SAP Business One Purchasing and Accounts Payable
 
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SUBSCRIBE TO OUR CHANNEL FOR MORE VIDEOS! SAP Business One purchasing and accounts payable demonstration. Purchase quotations, purchase orders, purchase reports and more. SAP Business One demonstration of core AP and purchasing features. About Leverage Technologies We’ve been a SAP Business One partner since 2005 & Sage ERP X3 partners since 2012, And that’s just the start! We’ve developed a real-world knowledge of dozens of industries, simply because we couldn’t do our job properly without it. Likewise, we have an unparalleled, hands-on understanding of the various functions all growing SMEs need to streamline. CRM, ERP, Business Intelligence (BI), reporting, payroll, warehouse management, cloud or on-premise… To tailor an effective solution for any of these functions, you need to understand it like it’s your day-to-day job. You need to speak the native tongue. We’re a SAP Gold partner (one of only a handful in Australia) and we’ve won several SAP partner awards, including ‘Partner of the Year ANZ 2008’, ‘Sales Excellence 2009’ and ‘Highest Growth Partner Asia Pac 2010’. We’re also certified partners for Sage ERP X3, Sage Line 500, Sage 1000, Sage CRM, Crystal Server, Achieve Warehouse Management, Enprise Job Costing, HR 3payroll / human resources, and multiple SAP Business One and Sage complimentary solutions. More info - https://www.leveragetech.com.au/about... ERP Solutions - https://www.leveragetech.com.au/solut... Industries - https://www.leveragetech.com.au/indus... ERP products - https://www.leveragetech.com.au/produ... SAP Business One - https://www.leveragebusinessone.com.au/ MYOB Advanced - http://www.leveragecloudtech.com.au/ Sage X3 - http://www.leveragex3.com.au/ Contact us - https://www.leveragetech.com.au/contact-us
What Is Depreciation - How It Affects Profit And Cash Flow
 
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This video is about depreciation of fixed assets and how it impacts your Profit and Loss, Cash Flow Statement and Balance sheet. You'll also see what happens with your financials when you sell a fixed asset. Whether an item like a car is classified as a fixed asset or inventory depends on its business purpose. Depreciation is a way of allocating the cost of an asset over its useful life. It is a non-cash expense in the Profit and Loss. It is eliminated from Net Profit in the Cash Flow Statement to derive Operating Cash Flow. Accumulated Depreciation is the cumulative depreciation expense that decreases the net book value of the fixed asset. When a fixed asset is sold, its net book value is the basis for calculating whether there is a profit or loss on the sale. This profit is not cash. It is the proceeds of sale of the fixed asset that is cash flow. Therefore, an adjustment is made to Net Profit in the Cash Flow Statement for the Profit or Loss on Sale of Fixed Assets. Related video: http://www.youtube.com/watch?v=Xew8pxVtx_Q This additional video provides further information about depreciation and impact on balance sheet, profit and loss and cash flow as well as the financing decisions of equipment purchase.
Views: 127915 cashflowkungfu
How to get an asset financed through a lease or hire purchase
 
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There are many types of asset finance offered by banks. Choosing the right option has both cashflow and tax implication. Make sure you engage the right advisor to give you advice on which option is best for you. Chattel Mortgage You own the vehicle, which is then used as security. • 100% finance available to approved customers • Arrange a balloon payment at the end of the loan to reduce your regular repayments. Hire Purchase The bank owns the asset, but you can use it. You'll take over ownership once you've made the final payment. • An offer to hire can be arranged with no deposit • The vehicle being hired is normally enough security • Arrange a balloon payment at the end of the term to reduce your regular payments. Finance Lease The bank purchases the vehicle you need and lease it back to you. When the lease expires, you can either return or purchase the asset. • Immediate access to the asset without using up capital • The asset being leased is normally enough security • Match your lease to the period you need the asset for. Novated Lease The financier owns the asset, while you and your employer sign a novation agreement to share the responsibilities of the loan. • Monthly lease payments and a final residual payment are based on your circumstances and guidelines set by the Australian Taxation Office. • If you are interested in a Novated Lease, talk to your HR department for options. Operating Leases Operating Leases can often be used to fund many different assets. Payments towards this type of finance can sometimes be considered operating costs and will not appear as a liability on your balance sheet: Fleet Operating Lease With this type of finance, the financier owns the vehicle and the client returns it at the end of the term, usually from 12 months to 5 years. When leasing a vehicle, the fixed monthly payments typically cover registration, insurance, tyres and scheduled servicing and maintenance. For a small business, a Fleet Operating Lease can help free up time and resources. Technology Rentals / Lease Technology can change quickly and often the large up-front costs of purchasing the latest equipment will make a big dent in your cash flow. Renting rather than owning technology can help reduce the risk of owning obsolete equipment while preserving cash to grow your business. Similar to a Fleet Lease, the financier owns the equipment and the client returns it at the end of the term, usually within 3 years. Master Rental Agreement A master rental agreement with a pre-approved limit. You can draw down on funds at any time to acquire equipment – you don’t need to apply for additional funding and you repay the amount over the agreed term in monthly instalments. For some great articles on different funding solutions, please click on the links below: Why Use Asset Finance: https://www.justbusiness.com.au/single-post/Why-use-Asset-Finance What is Trade Finance: https://www.justbusiness.com.au/single-post/What-is-trade-finance How does Debtor Finance Work: https://www.justbusiness.com.au/single-post/How-Does-Debtor-Finance-Work ________________________________________________________________ Website: https://www.justbusiness.com.au Facebook: https://www.facebook.com/JustBusinessFS/ Twitter: https://twitter.com/JustBusinessFS ________________________________________________________________ Contact us: 1300 96 25 95 [email protected] ________________________________________________________________ Disclaimer: The advice offered in this video is of a general nature only. It is intended as a general guide only. This information does not constitute personal advice and has been prepared without taking into account your objectives, financial situation or needs. Your use of the material on this site does not give rise to any obligation on behalf of us or our related entities, or any author of any material on the site.
Views: 15 Just Business
With Growth Stalled, ECB Begins Asset Purchase Program
 
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White House Advisor Caroline Atkinson, Morgan Stanley's Vincent Reinhart, and Emi Nakamura of Columbia University join CFR's Sebastian Mallaby to discuss the latest developments in the world economy. While the economic recovery in the United States proceeds at a steady but low level, the Eurozone countries continue their struggle to maintain a positive rate of growth. The panelists discuss the state of the European recovery, the economic impact of the crises in Ukraine and the Middle East, and the European Central Bank's recent decision to begin asset purchases. This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies. Speakers: Caroline Atkinson, Deputy Assistant to the President and Deputy National Security Adviser for International Economics, The White House Emi Nakamura, Associate Professor, Graduate School of Business and Department of Economics, Columbia University Vincent Reinhart, Managing Director and Chief U.S. Economist, Morgan Stanley; Former Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System Presider: Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations
Asset VS Share Purchase Agreements (Part 2)
 
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In the second part of the Asset vs. Share deal discussion, Alex Shteriev, MBA, CBI and Managing Director of Beacon Brokerage, explains some key factors and considerations when structuring a share purchase transaction. Visit us on the web at http://beaconbrokerage.ca For more info, contact us at [email protected]
Views: 924 BeaconBrokerageTV
How to Use a HELOC to Purchase Rental Properties
 
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How to Use a HELOC to Purchase Rental Properties We’ve written a whole book on how to use your HELOC to not only pay down your primary mortgage but also to buy rental properties. Check it out here: https://amzn.to/2OIdAFE Owning your primary residence is a liability, but there’s a tool you can use to transform that liability into a vehicle for purchase performing assets. Smart investors know how to leverage, and this strategy can accelerate your real estate portfolio growth. In this video, I’m sharing one of my favorite strategies for acquiring rental real estate—using a HELOC! You’ll learn about the incredible benefits of this strategy, including the power of simple interest and increasing your home equity. If you own your primary residence, you’ll want to press play! Show notes: http://morrisinvest.com/episode291 BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 93544 Morris Invest
How to Buy Plot in India - Documents and Process
 
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Learn how to buy a plot in India, documents to check and complete buying process. You can buy Residential Plot, Commercial Plot, Industrial Plot and Institutional Plot by following this step by step process. सीखिए कैसे आप इंडिया में प्लाट खरीद सकते हैं, खरीदारी की पूरी प्रोसेस के साथ और सभी डाक्यूमेंट्स की जानकारी के साथ जिनकी आपको जाँच करनी चाहिए। इस स्टेप बय स्टेप प्रोसेस को को फॉलो करके प रेजिडेंशियल प्लाट, कमर्शियल प्लाट, इंडस्ट्रियल प्लाट और इंस्टीटूशनल प्लाट खरीद सकते हैं। Related Videos: Property Valuation Method: https://youtu.be/S5ipCt6VOvA Encumbrance: https://youtu.be/Ab-Ugt50fS8 Clear Title: https://youtu.be/s1_6vIldGng Sale Deed: https://youtu.be/pPezwHazJPA Agreement for Sale: https://youtu.be/3L2ninpXC4c Change of Land Use: https://youtu.be/msfltPg5ZRw Mutation of Land and: https://youtu.be/k3qKNxajvZ4 Stamp Duty and Registration: https://youtu.be/_gQvb4sRMYI Chain of Title: https://youtu.be/CKCjWLxBvg0 Share this Video: https://youtu.be/JOOJ-nusyXE Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: How to buy real estate property in India? How to buy a non-agricultural plot in India? What are the types of non-agricultural plots? What is the complete process of buying a plot? How to do the due diligence and document verification for non-agricultural plot before investing? What are the advantages of investing in a non-agricultural plot? What are the risks involved in investing in a non-agricultural land? What is encroachment and how it is risky while buying a plot? How to invest in a non-agricultural plot in India? What precautions should be taken before investing in a plot? How to evaluate the value of Residential Plot, Commercial Plot, Industrial Plot and Institutional Plot? How to negotiate the price for a non-agricultural land in India? What terms must be added in the agreement for sale of a plot? How to register sale deed of a non-agricultural land? Why is it necessary to do mutation while investing in a non-agricultural plot? इंडिया में रियल एस्टेट प्रॉपर्टी कैसे खरीदें? इंडिया में non-agricultural plot कैसे खरीद सकते है? गैर-कृषि भूमि के कितने प्रकार होते हैं? Non-agricultural plot खरीदने की पूरी प्रक्रिया क्या है? निवेश करने से पहले गैर-कृषि भूमि के लिए diligence और document verification कैसे करें? गैर-कृषि भूमि में निवेश करने के क्या फायदे हैं? गैर-कृषि भूमि में निवेश करने के क्या जोखिम हैं? इंडिया में गैर कृषि भूमि में निवेश कैसे करें? किसी Plot में निवेश करने से पहले क्या सावधानी बरती जानी चाहिए? आवासीय प्लाट, वाणिज्यिक भूखंड, औद्योगिक भूखंड और संस्थागत भूखंड के मूल्य का मूल्यांकन कैसे करें? इंडिया में गैर-कृषि भूमि के लिए नेगोसिएशन कैसे करें? Non-agricultural plot के agreement for sale में उल्लेख किये जाने वाले महत्वपूर्ण शर्तें क्या हैं? गैर-कृषि भूमि के sale deed की रेजिस्ट्रेशन कैसे की जानी चाहिए? गैर-कृषि भूखंड में निवेश करते समय mutation करना क्यों आवश्यक है? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Google Plus – https://plus.google.com/+assetyogi-ay Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Instagram - http://instagram.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Hope you liked this video in Hindi on “How to Buy a Plot in India".
Views: 251666 Asset Yogi
Asset Purchase Order Approval | Asset Tracking System
 
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A video tutorial of the asset tracking purchase order approval feature in BarCloud web providing an approval process for admins which allows them to approve a purchase orders before they can be received into the system. For more videos visit: https://www.asapsystems.com/barcloud/video_library.php ________________________________________ About BarCloud Asset Tracking System Cloud hosted SaaS, and enabled by barcodes and mobile devices to empower employees to perform equipment, item, and tool tracking in the palm of their hand. Gain accuracy, efficiency, auditability, and above all else... correct and real time asset information. For more information visit: https://www.asapsystems.com/barcloud/asset-tracking-cloud-saas.php ________________________________________ About ASAP Systems We work to solve the biggest problem in Online 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 𝗦𝘆𝘀𝘁𝗲𝗺 | https://www.asapsystems.com/barcloud/inventory-management-software-online.php and online 𝗔𝘀𝘀𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻 | https://www.asapsystems.com/barcloud/asset-tracking-software-online.php : Everyone does it differently. Through many years of experience working on a vast range of customer requirements, we have developed unmatched expertise in catering solutions to fit almost any budget, technical, and user requirement. Our configurable and scalable barcode based tracking systems are designed to provide maximum value today, tomorrow, and into the future. US headquarters in San Jose, CA with a satellite office in Austin, TX. Visit us for more information: https://barcloud.net ________________________________________
Views: 163 ASAP Systems
The Ridiculous Expensive Things Floyd Mayweather Owns
 
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top 10 most luxurious and expensive items boxing champion Floyd Mayweather can buy Subscribe to our channel: http://goo.gl/9CwQhg For copyright matters please contact us at: [email protected] The nickname “Money” is one that Floyd Mayweather has certainly earned. Although we loved watching him earn his vast fortune in the ring, we also enjoy watching him spend it. Thankfully, he’s kind enough to keep us updated on social media of his every shopping spree-and there’s no shortage of them. Spending millions of dollars on one mansion might be a dream for most of us, but Mayweather owns more than one home. We’ll take you inside his sleek and ultra modern Miami mansion, and show you his Las Vegas penthouse perched high above the famous strip. Mayweather is infamous for his insane car collection, but we’ll show you a few of his favorites. Our Social Media: Facebook: https://www.facebook.com/TheRichest.org Twitter: https://twitter.com/TheRichest_Com Instagram: http://instagram.com/therichest For more videos and articles visit: http://www.therichest.com/
Views: 2111073 TheRichest
What Costs are Depreciable
 
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Covers exactly what costs are included in the purchase price of an asset, and are therefore "capitalized", and depreciable.
Views: 431 ProfJakovich
IFRS 3 Business Combinations - Summary
 
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http://www.ifrsbox.com This is the short summary of IFRS 3 Business Combinations. The objective of IFRS 3 is to improve the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. IFRS 3: • Recognizes and measures the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree; • Recognizes and measures the goodwill acquired in the business combination, or a gain from a bargain purchase; • Determines what information to disclose about the business combination. An investment must constitute a business before we can apply IFRS 3. IFRS 3 requires application of the acquisition method for each business combination. 4 steps: • Step 1: Identifying the acquirer, • Step 2: Determining the acquisition date, • Step 3: Recognizing and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree; • Step 4: Recognizing and measuring goodwill or a gain from a bargain purchase. If you’d like to learn how to consolidate, or anything about IFRS in general, please visit http://www.ifrsbox.com and subscribe to our free IFRS mini-course. Thank you!
Views: 104787 Silvia M. (of IFRSbox)
Secrets of the super rich... How to buy an Apartment Building with NO Cash, Credit or Experience!
 
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Jay Morrison Real Estate Partners, LLC At Jay Morrison Real Estate Partners, we provide a Streamline Asset Management and Acquisition program to equip more Mid-to- High Profile Clienteles with the essentials required to invest in the GREATEST ASSET OF THE WORLD, REAL ESTATE! Feel Free to visit http://www.jaymrrealestate.com/ for your FREE WEBINAR!!!! Jay Morrison Academy My Academy is for the aspiring entrepreneur, who is looking for an actual blueprint to make money in real estate. If you don’t like hard work, then the 12 months it takes to complete our courses will be a total waste of TIME and MONEY. If you work your butt off like your family’s LEGACY depends on it, then you will learn how to build wealth and achieve financial freedom through real estate. I am so happy I can finally say, “I did my job.” My team and I have created a vehicle for people like you, who are coach-able and hungry to improve themselves, to learn the cornerstone of wealth in America. OPEN ENROLLMENT for the Jay Morrison Academy will begin on December 1, 2015 so please be sure to visit http://jaymorrisonacademy.com/ to sign up for the waiting list. Young Minds Can To organize like-minded individuals of all ages, races, nationalities, regions and religions who empathize with and advocate for the advancement and freedom of African descendants whose ancestors were kidnapped and enslaved in America (New Africans). Please visit http://joinymc.org/ to join our email lists for the latest events!! FOLLOW ME: Twitter: https://twitter.com/MrJayMorrison Facebook Fan Page: https://business.facebook.com/JayMorrisonFanPage?ref=hl LinkedIn: https://www.linkedin.com/profile/view?id=AAIAAALSmIQBSI2ledmqg1e16EaQgDGijM7HZBg&trk=nav_responsive_tab_profile Instagram: https://instagram.com/mrjaymorrison/
Views: 116323 Mr Jay Morrison
Secured Transactions - Lesson 1
 
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In this video, 20.01 – Secured Transactions – Lesson 1, Roger Philipp, CPA, CGMA, discusses the three ways for a creditor to protect their interest in money loaned to a debtor: by obtaining a security interest called collateral, by obtaining a guarantor, or by forcing the debtor into bankruptcy and hoping to get paid as either a perfected secured creditor or a general unsecured creditor. Secured transactions involving tangible and personal property, as governed by Article 9 of the Universal Commercial Code, are the topic of this lesson. Roger differentiates between money loaned for the purchase of inventory, for the purchase of equipment, and the purchase of consumer goods, explaining how a TV could be any one of these depending on the borrower. Roger ties back this topic to prior learning by relating these categories to ordinary assets, Section 1231 assets, and capital assets. All these categories – inventory, equipment, and consumer goods – can be types of collateral. We learn that when the creditor lends the debtor money to buy an asset, that asset legally becomes collateral. Connect with us: Website: https://www.rogercpareview.com Blog: https://www.rogercpareview.com/blog Facebook: https://www.facebook.com/RogerCPAReview Twitter: https://twitter.com/rogercpareview LinkedIn: https://www.linkedin.com/company/roger-cpa-review Are you accounting faculty looking for FREE CPA Exam resources in the classroom? Visit our Professor Resource Center: https://www.rogercpareview.com/professor-resource-center/ Video Transcript Sneak Peek: Welcome, welcome, let's talk about a fun and exciting area called secure transactions. Many of the topics that we're gonna deal with deal with both the creditor and the debtor. So let's say for example I loan money to you, right? I loan money to you, I'm gonna protect my interest, there's three different ways we're gonna look at in the next several chapters on how to protect myself, how to get my money back. So I loan you money, one way is I take an asset as collateral; I secure the transaction. That's what this chapter talks about. Another way is I say I'll loan you money, but go get a co-signer guarantor, a surety called suretyship. The third way, least desirable, is I'm gonna force you into bankruptcy and hopefully get paid as either a perfected secured creditor or a general unsecured creditor. So again, I loan you money, three ways to protect myself. The creditor's objective is to get that money back, collect the money. How do I do it? One way is to secure the transaction by getting collateral, that way you don't pay me, I take your house, I take your car, I take your kids, I take your dog, and I eat it. Another way is get a co-signer guarantor, a surety. Third way, least desirable, force you into bankruptcy, chapter seven, 11, 13, which we'll talk about in another section. This section starts out with secure transactions, this is covered by UCC Article 9. So this is called secure transactions, UCC Article 9. So what we're doing is basically the following: here is the creditor, the creditor is going to either loan you money or extend you credit to the debtor. What we're gonna do is I loan you money and in return I'm gonna get a security interest in your property that we call collateral. Collateral damage, right? So I loan you money and I say here's $100,000, what can you give me as collateral? I could take your car, I could take your jewelry, I could take a note, and I could take all these different things. Now what we're looking at is maybe I loan you money to buy inventory. Maybe I loan you money to buy equipment. Maybe I loan you money to buy consumer goods. So we're all, we're trying to see what it is you're gonna give me as collateral. So again, I loan you money, three different ways to protect myself. I take something as collateral, I secure the transactions, but this section only deals with what? Personal property, tangible personal property. Remember back in land and property we talked about a mortgage? A mortgage is when the bank loans you money and they take your house, your real property as collateral that was a mortgage. We're not talking about real property, we're talking about personal property, tangible personal property, that's what this section is gonna be dealing with. The other thing, I loan you money, I get someone to co-sign, if you don't pay, I'll take it from them, called a suretyship, a little later, you don't pay, force you into bankruptcy. So that's what we're looking at in this section it says UCC Article 9, property, it covers personal property or fixtures, not real property, now let's talk about the types of collateral.
Views: 18643 Roger CPA Review
Accounting for beginners #8 /  Depreciation Expense / Basics
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! I go over the Calculating Depreciation Expense, using Straight Line Depreciation technique, in this Basic Accounting Tutorial for Beginners. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA #Accounting #Exercise #CPA
Views: 112433 CPA Strength
Income and Assets After Your SSDI or SSI Award
 
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What does Social Security say about non-employment income you earn after approval or about assets you may own or acquire? Possible offsets to your disability payment will depend on the type of disability you are receiving. If you have been approved for SSDI, you do not need to worry much about non-employment income - such as passive income from rental property, long term disability payments, or income from a trust. Your SSDI payment is a function of your earnings record and the law does not call for an offset to your SSDI monthly payment. Similarly there are no asset limits which apply in an SSDI case. This means that you can own a house, car, boat, paintings or any other asset without any threat of offset. SSI claimants, however, face different rules. Since SSI is a needs based (welfare) program, there are a variety of income and asset limitations that apply. If you exceed either, your SSI payment will be offset and your monthly payment will be reduced. The income and asset limits change every year. http://goo.gl/mMyfKm is a good resource for understanding the income limits in an SSI case and http://goo.gl/FmNAdR is a good resource for understanding the asset limitations. =============== FREE SURVIVAL KIT ================ Don't know where to begin? Download my free “Secrets of Getting Approved” Survival Kit at http://bit.ly/SSD-Survival-Kit ================================================ ============== FREE CASE EVALUATION ============= If you or a loved one would like a case evaluation for your SSDI or SSI case, please contact me at http://bit.ly/Contact-Jonathan ================================================ =================== CONTACT ME ================= Jonathan Ginsberg Social Security Disability Attorney Website: http://www.ssdAnswers.com Facebook: https://www.facebook.com/GinsbergLaw/ Telephone: 800-890-2262 http://bit.ly/Contact-Jonathan ================================================ ***Click Below to SUBSCRIBE for More Videos*** http://www.youtube.com/subscription_center?add_user=ginsbergssd
10 Most Expensive Virtual Items Ever Sold
 
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WATCH MORE VIDEOS LIKE THIS ONE HERE: 10 Real Life Deaths Caused By Video Games: https://www.youtube.com/watch?v=5ocEO9e0Q1M How Rich Is Bill Gates?: https://www.youtube.com/watch?v=IvRM4fHKTQI 10 Things You Didn't Know About Mario: https://www.youtube.com/watch?v=m00fjQthy04 Visit our site: http://www.TopTrending.com Like us on Facebook: https://www.facebook.com/TopTrending Follow us on Twitter: https://twitter.com/TopTrending Subscribe to Plethrons: http://www.youtube.com/user/plethrons Commentary by: https://www.youtube.com/user/BaerTaffy Music: 10 Most Expensive Virtual Items Ever Sold
Views: 10132371 Top Trending
Accounting - Fixed Assets and Depreciation - Part 1 of 2 - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This is part 1 of an accounting tutorial on Fixed Assets and Depreciation. This lecture covers topics such as how to record the initial purchases of assets, what constitutes a fixed asset, how to record depreciation, and how to record the disposal of an asset. It also covers the depreciation methods of straight line, units of production, double declining balance, and a little bit about tax depreciation under the Modified Accelerated Cost Recovery System (MACRS.) It also covers depletion of natural resources and amortization of intangibles such as patents, trademarks, copyrights and goodwill.
Views: 54200 Christopher Severson
Accounting for Beginners #41 / Perpetual Inventory Vs. Periodic Inventory/ Asset / Journal Entry
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #41 / Perpetual Inventory Vs. Periodic Inventory/ Asset / Journal Entry. We are switching gears and going to be discussing everything Inventory in the next few videos. In this video, i discuss the differences between Perpetual Inventory and Periodic Inventory. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 15264 CPA Strength
Cost of Goods Sold (COGS) Formula | Calculation | Definition | Example
 
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Cost of goods sold Cost of goods sold, sometimes abbreviated as COGS or called "cost of sales". Definitions The cost of goods sold (COGS) is any direct cost related to the production of goods that are sold or the cost of inventory you acquire to sell to consumers. It does not include overhead expenses related to the general operation of the business, such as rent. Cost of goods sold is reported on a company's income statement. Cost of goods sold that measures the direct costs incurred in producing products that were sold during a period. To like us on Facebook, visit https://www.facebook.com/accountingPlusS/ Subscriber: https://www.youtube.com/accountingplus The simplest way to Definition cost of goods sold is the cost of the merchandise that a retailer, distributor, or manufacturer has sold. The cost of goods sold is the cost of the merchandise that a retailer, distributor, or manufacturer has sold. Let me explain this definition, Let say a manufacturer has sold its merchandise to a wholesaler. Then the cost of the inventory for the Manufacturer become a cost of goods sold. But distributor or wholesaler who bought this merchandise. Then cost of the merchandise become a current asset for a wholesaler. When wholesaler will sell this merchandise to a retailer. Then the cost of the inventory for the wholesaler will become a cost of goods sold. This merchandise will become a current asset for the retailer. After understanding the core concept of cost of goods sold. Now we are going to look the nature of cost of goods sold the account. Whether it an asset account or Expense account or Revenue account. The cost of goods sold in an expense account. The cost of goods sold is reported on the income statement and can be considered as an expense of the accounting period. By matching the cost of the goods sold with the revenues from the goods sold, the matching principle of accounting is achieved. The important point in this definition is that when anybody sale its inventory, then cost of the inventory will become a cost of goods sold only. Otherwise, it will remain as a current asset. Cost of goods Sold Formula Cost of goods Sold example We have a lot of formulas to find Cost of goods sold. I will discuss with you one by one. Gross profit is equal to sale less Cost of goods sold. Sometimes, we use this formula to calculate the cost of goods sold. We know that Cost of goods sold is equal to sale less gross profit. Another formula, We use to calculate Cost of goods sold. In this formula, Cost of goods sold is equal to opening inventory plus purchase less purchase returns less purchase discount plus freight-in less ending Inventory. In the statement’s form, we will start with opening inventory plus with purchases and freight-in costs and less purchases returns and purchases discounts. When we will add net purchases with opening inventory the balance amount we will say the cost of goods available for sale. Then we less ending inventory with total and get cost of goods sold amount. After the understanding, the cost of goods sold definition and formulas. Now, I will explain this important concept with the help of examples. Let say a shopkeeper had bought 100 footballs for $30 each. One football player comes and bought 10 footballs for $50 each. If we will calculate the cost of sale (COGS) for Shopkeeper as follows. Sales (10 x 50) Less: Cost of goods sold (10 x 30) Gross profit When Shopkeeper will multiply 10 sales footballs with sale price $50. The shopkeeper will get sales amount $500. When shopkeeper will multiply 10 sale football with football cost $30. He will get the cost of goods sold amount $300. When sales amount $500 less cost of goods sold amount $300. We will get gross profit amount $200. When the shopkeeper sales football to football player then cost the football become an expense and charge to cost of goods sold. The remaining 90 football keep in inventory. We know that inventory is also part of current assets. The current assets are shown on balance sheet only. So, the remaining 90 football cost will show on the balance sheet of the shopkeeper only. Let me explain another example, XYZ a company has Beginning inventory $100,000, New purchases $450,000 and Ending inventory $35,000. Here is how to find the cost of goods sold for XYZ company. In this situation, we will add Beginning inventory $100,000 with New purchases $450,000 and less Ending inventory $35,000. We will get the cost of goods sold amount $515,000. Today, I will explain to you cost of goods sold definition, a core concept of cost of goods sold, and also explain with the help of examples.
Views: 4871 Accountingplus
How to Buy Gold Jewellery - 7 Tips to Avoid Being Cheated in HINDI
 
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How to Buy Gold Jewellery is one of the most common questions in the mind of the buyer. Normally this question does not arise if you are buying a gold jewellery from your trusted family jeweler or Sunar. Gold is one of the most popular asset class in India from an Investment perspective. But i don't consider gold jewellery as an investment tool. It is bought for consumption purpose. When you buy gold jewellery, the most common concern of the buyer is to avoid being cheated. There are multiple costs added/included at the time of purchase of Gold Jewellery. Most of these costs are not informed to the buyer. It is important for a buyer to understand the complete cost break up. You should watch out for gold making charges and wastage charges along with purity of Gold. This video discusses the 7 Tips for buyers at the time of buying gold jewellery. The buyer can make an informed decision with the help of these tips. If you liked this video, You can "Subscribe" to my YouTube Channel. The link is as follows https://goo.gl/nsh0Oh Please share this Video: https://youtu.be/ZUIAtKlkVo0 For more such interesting and informative content, join me at: Website: http://www.nitinbhatia.in/ T: http://twitter.com/nitinbhatia121 G+: https://plus.google.com/+NitinBhatia -~-~~-~~~-~~-~- Please watch: "Tenants - 11 Things You Should Know Before Renting a Property | HINDI" https://www.youtube.com/watch?v=6z3ChmdsOkQ -~-~~-~~~-~~-~- #NitinBhatia
Views: 499837 Nitin Bhatia
Loss Sharing Explained
 
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This video explains the way the FDIC uses loss sharing to maximize asset recoveries and minimizes FDIC losses during the bank resolution process. Loss sharing is a feature that the Federal Deposit Insurance Corporation (FDIC) first introduced into selected purchase and assumption transactions in 1991. Under loss sharing, the FDIC absorbs a portion of the loss on a specified pool of assets which maximizes asset recoveries and minimizes FDIC losses through least-cost approaches. Loss sharing also reduces the FDIC's immediate cash needs, is operationally simpler and more seamless to failed bank customers and moves assets quickly into the private sector.
Views: 27845 FDICchannel
How I Bought MY FIRST HOUSE and became FINANCIALLY INDEPENDENT at 25!
 
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If your parents are like me, you have been told, ‘Beta, get a job after graduation and be loyal to one company until you retire.’ And the only financial advice you got from them is how to write a check. With this golden knowledge, at the age of 21, I became a Software Engineer, at an I.T company that was paying me peanuts. Money was bad, salary hike was almost zero, work was pathetic and my growth was stagnant. Every month my salary would barely survive the end of the month. But a girl needs money. To study further, to travel, to buy a house, to save for emergency, to save for retirement. But most importantly, I needed money because I wanted to make my own life decisions. All of us worry about gender equality, but that will come only after we first become financially independent. And a 9 to 7 job is not going to get you that independence. And yet, I am the only one in the family who got a house before I turned 25. And for that you don’t have to work for 10 hours every day. You have to make smart financial decisions. And trust me, this is something that every girl should know. It not only helps your career, but it also changes the dynamics of any relationship that you are in. Be it mother, wife, daughter. Because you will not be considered a ‘dependent’ anymore. So girls, no matter if you are 20, 30 or 40, by the end of this video, I will tell you how even if you have low income, more responsibilities, debt, taxes, you can still start investing now. Because it’s not about how much money you earn. It’s about what you do with it. To know more about Mutual Funds: https://www.mutualfundssahihai.com/en KEEP IN TOUCH: Facebook: https://www.facebook.com/TheUrbanFight/ Instagram: https://www.instagram.com/theurbanfight/ #TheUrbanFight #FinanceForLadies #HowToGetYourDreamHouse #HowToBuyYourOwnHouse #HowToMakeMoreMoney #HowToGetRich #HowToBuyHouse
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