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Balance Sheet Reconciliations step by step (Part 2: medium level difficulty)

11:43

Balance Sheet Reconciliations step by step (Part 1: easy reconciliation)

14:02

Interpreting financial statements

8:48

Payroll Accounting: Payroll journal entry, Accruals, and reversals

12:50

Payroll Accounting: Employee earnings record vs Payroll register

5:07

Payroll Accounting: Forms W 2 and W 3

5:24

Balance Sheet Reconciliations step by step part 3 (difficult)

In this video, I am discussing the preparation of a balance sheet account reconciliation that I consider difficult: for a deferred revenue liability account.
#revenuerecognition
#MonthEndClose
#BalanceSheetReconciliation
#ReconcilingAccounts
#AccountReconciliation
#LearnAccounting
#accountingtutorials
#accountingconcepts
#accounting_concept
#accountingtips
#accountingbasics
#accountinglectures
#cpa
#cpatips
#FinancialReconciliation
#FinancialAccounting
#Bookkeeping
#FinancialStatements

มุมมอง: 57

วีดีโอ

Balance Sheet Reconciliations step by step (Part 2: medium level difficulty)

11:43

Balance Sheet Reconciliations step by step (Part 2: medium level difficulty)

มุมมอง 8621 ชั่วโมงที่ผ่านมา

In this video, I am showing you how to prepare a balance sheet account reconciliation when there is no system subledger report. #MonthEndClose #BalanceSheetReconciliation #ReconcilingAccounts #AccountReconciliation #LearnAccounting #accountingtutorials #accountingconcepts #accounting_concept #accountingtips #accountingbasics #accountinglectures #cpa #cpatips #FinancialReconciliation #FinancialA...

Balance Sheet Reconciliations step by step (Part 1: easy reconciliation)

14:02

Balance Sheet Reconciliations step by step (Part 1: easy reconciliation)

มุมมอง 13414 วันที่ผ่านมา

If you are new to balance sheet reconciliations or just want to refresh your knowledge, this is the right video for you. I’ll walk you through the 4-step process of preparing balance sheet reconciliations. We’ll start with a relatively easy balance sheet reconciliation in this video, meaning there is a prior balance sheet reconciliation available, there is a subledger report, and there are no v...

8:48

Interpreting financial statements

มุมมอง 4021 วันที่ผ่านมา

Accountants interpret financial statements to understand the company's performance. Frequently, financial statement ratios are used to compare the financial results year-over-year and quarter-over-quarter. In addition, publicly traded companies assess how the company performs compared to competitors. Financial statement analysis allows accountants and other stakeholders to make informed decisio...

Payroll Accounting: Payroll journal entry, Accruals, and reversals

12:50

Payroll Accounting: Payroll journal entry, Accruals, and reversals

มุมมอง 4828 วันที่ผ่านมา

The topic of payroll journal entries is important because it ensures accurate recording of payroll expenses, liabilities, and taxes, facilitating proper financial reporting and compliance with accounting standards. Understanding payroll journal entries also allows businesses to track expenses, analyze costs, and make informed decisions regarding workforce management and budget allocation. In th...

Payroll Accounting: Employee earnings record vs Payroll register

5:07

Payroll Accounting: Employee earnings record vs Payroll register

มุมมอง 2328 วันที่ผ่านมา

The employee earnings record is the master document accountants use to track employees’ marital status, mandatory, voluntary, and mandated deductions, and year-to-date earnings. It's important for payroll accountants to be able to distinguish the Employee Earnings Record vs Payroll Register. In this video, we’ll look at the employees’ earning records which forms the link between the accounting ...

5:24

Payroll Accounting: Forms W 2 and W 3

มุมมอง 2128 วันที่ผ่านมา

A critical form is the Form W-2. which the employer must deliver to all employees who were employed during the previous year by January 31. The Form W-2 reports all the employee’s pay and understanding the correlation between the W-2 and the employee’s final payroll for the year is important. In this lecture video, I am presenting information about Form W-2 and Form W-3 - tax forms that employe...

The Importance of the Balance Sheet Reconciliation Tracker

13:27

The Importance of the Balance Sheet Reconciliation Tracker

มุมมอง 71หลายเดือนก่อน

The balance sheet account reconciliation tracker is an important internal control and is a crucial element of an efficient month-close process. Learn more about setting up a tracker and implementing a process. #accounting #accountinglectures #accountingtutorials #accountingconcepts #accounting_concept #accountingtips #accountingbasics #cpa #cpatips #balancesheetreconciliations

Payroll Accounting: State tax Withholdings

9:41

Payroll Accounting: State tax Withholdings

มุมมอง 29หลายเดือนก่อน

The topic discussed in this video is important because it provides valuable insight into how payroll accountants determine state tax withholdings. Understanding state tax withholding is important for both employers and employees to ensure compliance with tax regulations and accurate payroll processing. In this lecture video, I am presenting how you need to determine state tax withholdings. Unde...

Payroll Accounting: Calculating Social Security and Medicare taxes

11:56

Payroll Accounting: Calculating Social Security and Medicare taxes

มุมมอง 20หลายเดือนก่อน

The Social Security Act of 1935 mandated the withholding of certain taxes in addition to federal income tax. Two different taxes are part of the Social Security Act of 1935 legislation: Social Security tax and Medicare Tax. These taxes are collectively known as FICA (Federal Insurance Contribution Act) taxes and both the employer, and the employee contribute in equal part to this tax. Understan...

Accounting Ethics: Legal Liabilities of Auditors

21:26

Accounting Ethics: Legal Liabilities of Auditors

มุมมอง 26หลายเดือนก่อน

Auditors can be sued by clients, investors, creditors, and the government and can be held liable under common and statutory law. Common law evolves from legal opinions issued by judges in deciding a case. These opinions become legal principles that set a precedent and guide judges in deciding similar cases in the future. Statutory law, on the other hand, is legislation passed at state or federa...

Accounting Ethics: Statutory liability for auditors

12:54

Accounting Ethics: Statutory liability for auditors

มุมมอง 7หลายเดือนก่อน

Auditors may have legal liability under the Securities Act of 1933 and the Securities Exchange Act of 1934. Securities purchasers can sue the issuing company and others, including auditors, for losses suffered by 3rd parties when false or misleading information is included in a registration statement. If the plaintiff can proof that damages occurred, and there was misleading or false informatio...

Accounting Ethics: Auditor Defenses to Negligence or Fraud

4:26

Accounting Ethics: Auditor Defenses to Negligence or Fraud

มุมมอง 13หลายเดือนก่อน

In Lawsuits against auditors for negligence, the claim is typically that the auditor either failed to use due care, failed to follow Generally Accepted Auditing Standards, or failed to identify a material misstatement. The auditor can use the prudent person defense in response to the claim that the auditor did not use due care. Auditors may be sued for negligence and fraud. In this video, we’ll...

Accounting Ethics: Consequences of Earnings Management

6:34

Accounting Ethics: Consequences of Earnings Management

มุมมอง 12หลายเดือนก่อน

Understanding earnings management, restatements, and their ethical implications is essential for investors to interpret financial data accurately and make informed decisions. It sheds light on the manipulation of financial results and its repercussions on stakeholders and corporate governance. In this video, I am discussing earnings management, restatements, and their impact on financial report...

Accounting Ethics: The ethics of earnings management

5:41

Accounting Ethics: The ethics of earnings management

มุมมอง 20หลายเดือนก่อน

Earnings management refers to the practice of deliberately manipulating a company's financial statements to either overstate or understate its financial performance. In this video, we’ll examine the various forms of earnings management and their impact on stakeholders and society. Is earnings management the same as earnings manipulation? Many people differ in their opinion. In this video, we'll...