Re: Feedback
That is correct, we never mentioned that we have captions. Regarding increase/decrease playback speed, we will look into it. Thank you.

Re: Depreciation Schedule
Hello, Thank you for your inquiry. The useful life of the various PPE assets are disclosed in the footnotes of the 10K filing. You would then guesstimate the remaining life of each asset category based on the remaining life which is calculated based off the weight % accumulated metric. Hope... Hello,

Thank you for your inquiry.

The useful life of the various PPE assets are disclosed in the footnotes of the 10K filing. You would then guesstimate the remaining life of each asset category based on the remaining life which is calculated based off the weight % accumulated metric.

Hope that's helpful! Read More

Re: Completed work sheet
Hi Fanar, Thank you for your question. I understand that some of the courses are a bit more faster paced and difficult to follow than others. However, we have a strict policy of not disseminating the "answers" for any of our models in order to protect the integrity of our WST Verification and WST... Hi Fanar,

Thank you for your question. I understand that some of the courses are a bit more faster paced and difficult to follow than others. However, we have a strict policy of not disseminating the "answers" for any of our models in order to protect the integrity of our WST Verification and WST Certification programs.

Both of those (especially the Certification) allow customers to take their understanding to the next level and even receive a certificate after their hard work. We wish to uphold the value of these options and ensure that these folks truly earn their way to a completed financial model that they built themselves.

If you ever find that you need some more time on a specific course, please reach out via the Contact Us form above. And as always, if you'd like some assistance on a certain part of a video, please feel free to post right here in the forums.

Thank you! Read More

Re: Historical Cash & Equivalent Reconciliation
We never bother to reconcile historical cash flow statement. Why not? Because you'll never know the adjustments the the company made. For instance, the change in A/R or A/P contains write-downs or other accruals that will not make the BS change exactly equal to the CF figures.

Re: Intangible Asset Amortization
Amortization of intangibles is typically disclosed in the footnotes or MD&A of the 10K as it is required by the SEC as a disclosure. In the event this truly is not found in the 10K or otherwise, and if the company has indeed discussed amortization expense in COGS and OpEx (well actually that's your ... Amortization of intangibles is typically disclosed in the footnotes or MD&A of the 10K as it is required by the SEC as a disclosure. In the event this truly is not found in the 10K or otherwise, and if the company has indeed discussed amortization expense in COGS and OpEx (well actually that's your disclosure, and they are required to also provide next 5 years estimate), then you can certainly use the historical information to project the future. You can see if there is a clear trend such as growth rate, or percent of COGS and OpEx, etc.

Based on the materiality of the amortization amounts, we would not recommend splitting out extra line items directly on the Income Statement and just have it at the bottom calculations. However, if the company is highly acquisitive and the amortization figures are indeed material, then we would split it out and even calculate COGS and OpEx separately without the impact of amortization. How you eventually decide to show on the Income Statement is optional and based on your preference.

For sure, take pains to make sure you do not accidentally double count. Read More