Want to learn more about how accounting works? Then the "Accounting 101" playlist is for you!!!! Located here: th-cam.com/video/b93KBmcXanI/w-d-xo.html&pp=gAQBiAQB
@TheFinanceStoryteller No problem! Do you have any videos on understanding concepts or tips? I can remember facts easily, but understanding concepts has always been difficult for me.
I always "go heavy" on the examples in my videos, and from there you can "zoom out" to the concept. For example, have a look at my videos on net present value, current ratio, balance sheet, income statement etcetera. Plenty of discussion in there on how the concept works in the real world.
Hello dear friend how are you? I have a question that is not necessarily related to this video but I would appreciate it if you could help me. Do US companies pay tax on the dividend and if so, where can I see it in the financial statements? Thanks in advance.
Hello Erez! Doing well, thank you! I have not researched the topic extensively, but from personal experience I know there is a withholding tax on the dividends that I receive from US companies. This withholding tax can be offset against my Dutch taxes payable, due to international treaties to avoid double taxation. So for me the net impact is zero. I think these withholding taxes are seen as something that affects the shareholder that receives the dividend, not necessarily the company paying the dividend, so as far as I know this is not reported in the financial statements (or the notes to the financial statements).
Thanks to your video. I have a question that: If the company's revenue in financial statement is higher than actual amount, what account principle that the company has violated?
Overstating revenue is taken very seriously by authorities and auditors. In fact, it is a very common factor in a lot of accounting fraud cases. I have seen many CFOs getting fired for not having revenue recognition under control (and booking too much revenue is obviously a far bigger problem than understating revenue). Have a look at my revenue recognition video for more information: th-cam.com/video/816Q6pOaGv4/w-d-xo.html Overstatement of revenue of any amount is seen as an issue, regardless of the size, so I don't think materiality is the main concern here.
Want to learn more about how accounting works? Then the "Accounting 101" playlist is for you!!!! Located here: th-cam.com/video/b93KBmcXanI/w-d-xo.html&pp=gAQBiAQB
Thank you for this!
My pleasure! 😎
Great explanation! Thank you 🙏🏻
Glad you enjoyed it! 😊
you are awesome !
TYSM! Glad you enjoyed the video. 😊
This beats reading the textbook, at least from a high-level overview
Wow, that is very nice to hear. Thank you very much for the kind words.
@TheFinanceStoryteller No problem!
Do you have any videos on understanding concepts or tips?
I can remember facts easily, but understanding concepts has always been difficult for me.
I always "go heavy" on the examples in my videos, and from there you can "zoom out" to the concept. For example, have a look at my videos on net present value, current ratio, balance sheet, income statement etcetera. Plenty of discussion in there on how the concept works in the real world.
@TheFinanceStoryteller the man 👏🏾 Definitely gonna watch and absorb, thanks again!
Hey Adrian! How's the studying?
Interesting
Bamidele Felicia Olu.
LOVES IT!!!!!! < 3
Wonderful to hear that!!! Thank you.
sir can you make one separate video of discount cash flow please
Thank you for the suggestion. Part of DCF is covered in my video on WACC: th-cam.com/video/1O-DbtVueMw/w-d-xo.html
Hello dear friend how are you?
I have a question that is not necessarily related to this video but I would appreciate it if you could help me.
Do US companies pay tax on the dividend and if so, where can I see it in the financial statements?
Thanks in advance.
Hello Erez! Doing well, thank you!
I have not researched the topic extensively, but from personal experience I know there is a withholding tax on the dividends that I receive from US companies. This withholding tax can be offset against my Dutch taxes payable, due to international treaties to avoid double taxation. So for me the net impact is zero. I think these withholding taxes are seen as something that affects the shareholder that receives the dividend, not necessarily the company paying the dividend, so as far as I know this is not reported in the financial statements (or the notes to the financial statements).
@@TheFinanceStoryteller Thank you very much, you are right.
I got confused, the tax is deducted from the shareholder who receives the dividend.
no doubt, very informative video. Always a treat to watch your your videos. Big fan of your knowledge
Glad to hear that! It keeps me going. 😊
Thanks to your video. I have a question that: If the company's revenue in financial statement is higher than actual amount, what account principle that the company has violated?
I would argue conservatism / prudence. What do you think?
@@TheFinanceStoryteller I'm confused between conservatism/prudence and materiality. Is it possible for both to occur simultaneously?
Overstating revenue is taken very seriously by authorities and auditors. In fact, it is a very common factor in a lot of accounting fraud cases. I have seen many CFOs getting fired for not having revenue recognition under control (and booking too much revenue is obviously a far bigger problem than understating revenue). Have a look at my revenue recognition video for more information: th-cam.com/video/816Q6pOaGv4/w-d-xo.html Overstatement of revenue of any amount is seen as an issue, regardless of the size, so I don't think materiality is the main concern here.