Accounting & Financial Statements Bootcamp

Last 10 posts

Sale Impact on Equity
Since something that is sold would already be included as COGS, wouldn't that mean that its sale would have no net impact on equity in the accounting equation because COGS is decreasing by the same amount that cash or A/R is increasing?
Go to post added 2 weeks ago
Video Glitch
The last two minutes of the video for this module will noy play so I am not able to perform the exercise.
Go to post added 2 months ago
Quiz and Exam locations??
Hello, where are the quizzes that he referenced to?
Go to post added 2 years ago
Zero coupon bond vs. non-interest bearing debt
on Liabilities Exercise on pg311. In the video, the instructor refers to effective method to calculate the expense and record the entry. Why don't we go with the non-interest bearing debt analysis? Since it is a zero-coupon bond, shouldn't it be considered a non-interesting bearing bond? The differe... Read More
Go to post added 3 years ago
Tax effects on cash flow
On pg.263, Exercise 1, the answer is the cash flow will not be influenced by the deferral cost. But shouldn't the effect on taxes be considered? So that a higher pre-tax income leads higher tax payments and then a lower cash flow. Looking forward to your reply!
Go to post added 3 years ago
Net Sales Consideration
At approximately 24:00 and afterward, Profit Margin was calculated as (1,265 / 12,065) on slide 249. (Which could also be written out as Net Sales / Net Income). Since we are only looking at core operations and removing Other Income in the denominator, wouldn't it be more correct to remove the effec... Read More
Go to post added 3 years ago
Test post
Hello, this is just a test post.
Go to post added 4 years ago
shareholder loan
Hi can you shed light in which case is shareholder reported as debt vs equity (capital contribution) on the balance sheet in GAAP and IFRS? From what I understand it's classified as debt at least under IFRS. I am not as familiar with GAAP. In reference to points 1 and 2 below. 1. https://www.... Read More
Go to post added 6 years ago
Converting from one inventory accounting method into another to compare apple to apple
Hi! Dean Choi mentioned that given different companies use different inventory accounting methods (LIFO, FIFO, average), it is more accurate to convert all the items of the companies you are looking at to calculate a ratio into the same accounting method e.g. calculating inventory turnover ratio for... Read More
Go to post added 6 years ago
Impact of gain from sale of asset on financial statements
This is a follow up question from the prior question below on sale of asset. I was not able to reply to that thread so I am starting a new question instead. Question was: I am looking at the Morgan Supplies Company example and wondering how you would know to expense the 28? 2. if you purchased a mac... Read More
Go to post added 6 years ago