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Goodwill and Purchase Price Allocation
 
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Net Identifiable Assets (NIA) consists of the assets acquired from a company whose value can be measured at a given point of time and its future benefit to the company is recognizable. NIA is used for Purchase Price Allocation (PPA) and the calculation of Goodwill in Mergers and Acquisitions (M&A). Click here to learn more about this topic: https://corporatefinanceinstitute.com/resources/knowledge/valuation/net-identifiable-assets/
Net Working Capital - Valuation Adjustments In M&A
 
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How can you increase the value of your business in a sale? One important segment that is often overlooked by traditional cash flow valuation methods (DCF Model) is your working capital. The key question is “how much working capital do I need to run the business to meet my acquirer’s expectations?” If I have an excess amount of stock, this needs to be accounted for in order to fairly compensate the seller for this real cash tied up in working capital. In today’s video, I talk about how adjusting for this difference between “normal” working capital levels and what the business currently holds can result in either a higher or lower acquisition price. This real cash difference is often overlooked and put off until the end of the negotiation process therefore hurting the true valuation estimate. The key takeaway is - the level of working capital to transfer on sale should be what is needed to continue running the business - no more, no less. Any difference needs to be adjusted for in the final acquisition price. If you want to read more, consider the CBV’s business journal article. Click the link below; https://cicbv.ca/wp-content/uploads/2010/10/Putting-the-Pin-in-Net-Working-Capital-Blair-Roblin-Final.pdf If you have any other questions, please comment below. If you enjoyed the video and found it helpful, please like and subscribe to FinanceKid for more videos soon! For those who may be interested in finance and investing, I suggest you check out my Seeking Alpha profile where I write about the market and different investment opportunities. I conduct a full analysis on companies and countries while also commenting on relevant news stories. http://seekingalpha.com/author/robert-bezede/articles#regular_articles
Views: 1961 FinanceKid
Working Capital Adjustment: Common Issues in M&A Transactions
 
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M&A Deal Tips #6: M&A Attorney Scott Bleier explains why working capital is a vital piece of the M&A transaction. What is working capital? In its simplest definition, working capital is current assets over current liabilities. Buyers want to buy a business with enough working capital to keep this going without an immediate need for a cash infusion. Sellers, conversely, don't want to sell the business with too much working capital or cash — as they want to realize as much profit as possible. So how do you negotiate a target working capital amount for 2 or 3 months? And what happens when disputes arise over the working capital post-closing? Drafting and negotiating a proper working capital adjustment is an important component of the M&A deal, and one Morse, Barnes-Brown & Pendleton attorneys have the experience to provide their clients. View Scott Bleier's attorney bio here: http://www.mbbp.com/attorneys/index.html 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
Purchase Accounting for Noncontrolling Interests AKA Minority Interests
 
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In this video, you’ll learn how to complete the purchase price allocation and Balance Sheet combination process when a buyer acquires between 50% and 100% of a seller, and how it’s different when the buyer’s stake goes from, say, 30% to 70%, compared to when it goes from 0% to 70%. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 3:31 Step 1: Transaction Assumptions 6:38 Step 2: Sources & Uses and Purchase Price Allocation 10:42 Step 3: Combining the Balance Sheets 16:57 Step 4: What Does This Look Like Under Different Scenarios? 20:11 Recap and Summary Step 1: Transaction Assumptions: Need to assume a certain existing stake, and then an additional stake acquired such that the total post-transaction stake ends up being between 50% and 100%. Assuming here that the target is public, so we also need to assume a price per share and # of shares outstanding. Relevant Numbers to Calculate: 1. What is 100% of the seller's Equity worth? We need that for Goodwill and Noncontrolling Interest calculations later on. 2. What is the buyer's current stake in the seller worth? We need this to determine what the buyer's Balance Sheet looks like before the deal happens. 3. How much is the buyer's additional stake in the seller worth. We need this to calculate the cash, debt, and stock used. 4. How much is the buyer's post-transaction stake in the seller worth? We need this to calculate the Noncontrolling Interest. Step 2: Sources & Uses and Purchase Price Allocation: Largely the same as with any other deal; the only points to be careful of are: 1. Sources and Uses should be based on the stake acquired, not 100% of the seller's value… 2. But Goodwill and PPA should be based on 100% of the seller's value! Step 3: Combining the Balance Sheets: You always combine the Balance Sheets, and the other financial statements, whenever the buyer goes from a stake under 50% to a stake over 50% in the seller. The steps to doing this are nearly the same as in any other M&A deal for 100% of another company… 1. Adjust Cash – For the cash used to fund the deal, and any cash paid for transaction / financing fees. 2. Write Up Assets – Adjust PP&E, Goodwill, Other Intangibles, and Capitalized Financing Fees. 3. Adjust Debt – Reflect new debt used to fund the deal, possible refinancing of existing debt. 4. Adjust the DTLs – Typically write off existing DTL and create a new one. 5. Adjust Shareholders' Equity – Wipe out the seller's existing Shareholders' Equity and reflect any stock issued in the deal. So… what's different? Just 2 things, really: 1. Equity Investments / Associate Companies – You have to wipe this out, if it exists, because now the buyer owns over 50% of the seller and it completely consolidates the statements instead. 2. Noncontrolling Interest – You have to create one if the buyer owns above 50% but less than 100% of the seller. Simple calculation: Value of 100% of the seller's Equity Value minus the stake the buyer owns post-transaction. Step 4: What Does This Look Like Under Different Scenarios? 0% to 70% Stake: Very straightforward - the only real difference is that a Noncontrolling Interest is created, which ensures that the Balance Sheet balances. 30% to 70% Stake: A NCI is created, just as in the case above, AND the existing Equity Investment goes away. 30% to 100% Stake: No NCI is created, but the existing Equity Investment goes away. 0% to 100% Stake: No NCI is created and there is no existing Equity Investment; just a normal M&A deal then. Cash vs. Stock vs. Debt Mix: Doesn't matter for the NCI or Equity Investment or Goodwill treatment at all – only impacts the adjustments to cash, debt, and stock on both sides of the Balance Sheet. RESOURCES: http://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-07-Purchase-Accounting-NCI.xlsx http://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-07-Purchase-Accounting-NCI.pdf
Merger and Acquisition Balance Sheet Adjustments
 
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Today we discussed how to make balance sheet adjustments in a merger or acquisition.
Views: 1882 Paul Pignataro
Intangible Assets Accounting (Calculating & Recording Goodwill When Purchasing A Company )
 
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Accounting for goodwill as an intangible asset (goodwill created thru a purchase of a company), how to calculate and record, Goodwill is measured as the excess of the purchase cost over the fair value of the identifiable net assets acquired (assets less liabilities), referred to a gap filler or master valuation account, Recording Goodwill: 1-Internally generated Goodwill should not be capitalized, 2-Purchased Goodwill is recorded only when an entire business is purchased, 3-Goodwill is not amortized, must be tested annually for impairement & writen-down if it has decreased in value & recognized as an expense on balance sheet, Goodwill Write-off: 1-Goodwill recognized in a business is considered to have an indefinite life and should not be amortized, 2-Adjust Goodwill carrying value only when impaired, Bargain Purchase: 1-Purchaser in business combination pays less than the fair value of identifiable net assets, 2-Purchase price less than value of net identifable net assets, this excess amount is recorded as a gain by the purchaser, detailed calculations and accounting by Allen Mursau
Views: 20352 Allen Mursau
Cost of Goods Sold (COGS)
 
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Learn about cost of goods sold. More free accounting tutorials and lessons at http://accounting-education.com.
Views: 225592 AccountingAcademy
Merchandising: Closing accounts; Adjusting accounts; Inventory Shrinkage - Accounting video
 
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Discussion on the closing and adjusting of merchandising business accounts and inventory shrinkage Other videos in this series: Part 1 - Operating Cycle, Inventory, Purchase Discount Terms Part 2 - Purchase Discounts and Purchase Returns and Allowances Example Part 3 - Selling Inventory Part 5 - Income Statements and Business Evaluation For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad).
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: 17477 Edspira
Calculating gain or loss for sale of property
 
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In this talk, I’ll go through the general gain or loss calculation, for sale of an asset. When you sell a property, the amount you receive as payment is called the sale price or the proceeds from the sale. While this amount is usually the cash you receive for selling the property, it also includes everything of benefit that you receive for the property. If the buyer assumes loans that you had on the property, that amount is included in the sale price. If the buyer trades you items or services for the property, then the fmv should be included. If you will receive payment over multiple years, then still include the total amount you will be paid as the sales price, but keep in mind that interest income must be accounted for first. Refer to my video on installment sales for more information about receiving payment over multiple years. If you dispose of an asset, without selling it, you may have 0 proceeds or if you receive any amount for disposing of the property, for example scrap metal payments, then include that amount as the proceeds. To calculate the gain or loss on sale of a property, subtract your adjusted basis from the total sale price. Often, the adjusted basis is the cost basis - which is what you paid to purchase it. Cost basis can be increased by expenses you paid to get the asset ready for its intended use, such as shipping costs and installation costs. Additionally, there are detailed rules for costs that can be added to or subtracted from cost basis, for calculating adjusted basis - for different types of property and situations. So, if your adjusted basis is less than the sale price, you have a gain - but if the adjusted basis is more than the sale price, you have a loss. So how does this gain or loss affect your taxes? Well, you can’t say on an individual basis - meaning looking at 1 property you sold, you can’t know how it will be taxed because it must be netted with all of your other gains and losses. This includes amounts that flow through to you, like activity in mutual funds, retirement plans, a partnership, or other types of investments. Refer to my video for how gains and losses are taxed and the netting process. Thanks for watching! Post your questions below!
Views: 11227 Business Finance Coach
Lump Sum Purchase
 
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This video shows how to allocate the cost of a single transaction purchase between several assets purchased in that transaction
Views: 6130 mattfisher64
Available For Sale Securities (Bond Amortization, Fair Value Adjustment, Unrealized Holding G/L)
 
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Accounting for available for sale security (as a Bond purchased at a discount), calculating the yield rate, amortizing the bond, account for available-for-sale securities at fair value, record the unrealized gains & losses related to changes in the fair value in an unrealized holding gain or loss account, amortization schedule calculated and fair value of bond estimated for each reporting period, comparing the amortized cost to the fair value at each reporting period equals an unrealized gain or loss, fair value adjustment valuation account to the available-for-sale account any adjustment is recorded in the unrealized holding equity account,do not report any changes in the fair value adjustment account until sale or disposal of the bond, also included is gain or loss upon sale or maturity of the bond, example Corp-A purchases 9% Bonds, $300,000 maturity value, purchased at 98 3/4 (98.75% of par), on (1/1/X1), mature in 3 years, pay interest semi-annually on (7/1) & (12/31), classified as Available-for-Sale securities, fair value at end of each year (12/31) is shown on the amortization schedule, detailed accounting by Allen Mursau
Views: 7221 Allen Mursau
What Is A Purchase Accounting?
 
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Purchase method of accounting readyratios. This treatment is required under the various accounting frameworks, such as gaap and ifrs purchase results in increase expense decrease assets of entity, must be debited while credited. A purchase may be made on cash or credit. Purchase accounting purchase 101 intangible asset lives and contingent for business acquisition using method what is a return? Accounting basics of assets definition nasdaq. Accounting for purchases explanation examples and recognition. Purchases of equipment or supplies are not an accounting method used in mergers which the purchasing company adds acquired company's assets to its balance sheet using a fair market value introduction. The purchase accounting adjustment accountingtools what is a. Html url? Q webcache. Those costs include finder's fees; Advisory, legal, accounting, valuation, accounting for mergers and acquisitions can be daunting, but it all starts with a basic understanding of purchase versus acquisition. I think it's partly because the presentation of purchase accounting (the method acquisition is a set formal guidelines describing how assets, liabilities, noncontrolling interest and goodwill target company must be reported by purchasing on its consolidated statement financial position an used in mergers acquisitions with which treats firm as investment, adding target's assets to means take possession given asset, property, item or right paying predetermined amount money for transaction completed temporary account periodic inventory system record purchases merchandise resale. Acquisition accounting, also popularly known as a purchasing method of accounting was used in the acquisition has always been challenge for analysts and associates. The double entry is same as in the case of a cash purchase, except that credit made method accounting for merger treats acquirer having purchased assets and assumed liabilities acquiree, which are then written up defining purchasing. What is a purchase? My accounting coursepurchase dictionary definition. Under accounting standards codification ( asc ) 805 (formerly sfas 141r), companies are required to use purchase for business 14 jan 2013 in brief, a acquisition, from the standpoint, is transaction which both acquiring and acquired company still left return occurs when buyer returns merchandise that it has purchased supplier. 16 feb 2012 purchase accounting is the practice of revising the assets and liabilities of an acquired business to their fair values at the time of the acquisition. M&a accounting in simple english wall street preppurchase acquisition investopedia. The purchase accounting adjustment accountingtools. Purchase accounting adjustment accountingtools. What are the differences between acquisition method and what is meaning of purchases in accounting? Youtube. Googleusercontent search. In 2007 2008 15 jun 2017. Apr 2016 an accounting rule could dramatically reduce a company's revenue in periods after acquisition The
Views: 136 Bet My Bet
Goodwill explained
 
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What is goodwill? How to calculate goodwill? We will discuss the definition of the finance and accounting term goodwill, and go through an example of goodwill by discussing one of the largest technology acquisitions in recent history: the acquisition of social network Linked In by Microsoft (NASDAQ: MSFT). We will review the calculation of goodwill for that headline-grabbing deal, which is a great example of how to record goodwill on the balance sheet. For some companies, goodwill is in the top 3 of largest categories of assets on their balance sheet. If you want to make sense of a company’s financial statements, then a basic understanding of the concept of goodwill is invaluable. Goodwill is the excess of the purchase price paid for an acquired firm, over the fair value of its separately identifiable net assets. A definition of goodwill in simpler terms: goodwill is the difference between what a company pays to buy an acquisition target, and what that acquired company is worth “on paper”. Goodwill is recognized only in a business combination, and goodwill is not amortized. Why would any acquiring company pay a premium for an acquisition target above what that company’s net assets are worth? Goodwill reflects the perceived superior earnings capacity of the business combination. Companies have to perform an annual impairment test to both goodwill and intangible assets. What that impairment test does is basically to assess whether the carrying value of goodwill and intangible assets is recoverable. In simple terms: if the financial results and future prospects of the business you acquired are dramatically dropping, you need to write off all or part of the goodwill and intangible assets. Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
Accounting for Business Combinations - Fair Value Adjustments & Income Tax Effects 1
 
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This video/channel is not associated/endorsed by UTS. Covers Income tax effects and fair value adjustments: -DTA & DTL - Different between tax and accounting profit - Fair value adjustments and tax effects- land and PPE
Views: 1055 Ben's Business Videos
Private Company Valuation
 
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In this tutorial, you'll learn how private companies are valued differently from public companies, including differences in the financial statements, the public comps, the precedent transactions, and the DCF analysis and WACC. Get all the files and the textual description and explanation here: http://www.mergersandinquisitions.com/private-company-valuation/ Table of Contents: 1:29 The Three Types of Private Companies and the Main Differences 6:22 Accounting and 3-Statement Differences 12:04 Valuation Differences 16:14 DCF and WACC Differences 21:09 Recap and Summary The Three Type of Private Companies To master this topic, you need to understand that "private companies" are very different, even though they're in the same basic category. There are three main types worth analyzing: Money Businesses: These are true small businesses, owned by families or individuals, with no aspirations of becoming huge. They are often heavily dependent on one person or several individuals. Examples include restaurants, law firms, and even this BIWS/M&I business. Meth Businesses: These are venture-backed startups aiming to disrupt big markets and eventually become huge companies. Examples include Kakao, WhatsApp, Instagram, and Tumblr – all before they were acquired. Empire Businesses: These are large companies with management teams and Boards of Directors; they could be public but have chosen not to be. Examples include Ikea, Cargill, SAS, and Koch Industries. You see the most differences with Money Businesses and much smaller differences with the other two categories. The main differences have to do with accounting and the three financial statements, valuation, and the DCF analysis. Accounting and 3-Statement Differences Key adjustments might include "normalizing" the company's financial statements to make them compliant with US GAAP or IFRS, classifying the owner's dividends as a compensation expense on the Income Statement, removing intermingled personal expenses, and adjusting the tax rate in future periods. These points should NOT be issues with Meth Businesses (startups) or Empire Businesses (large private companies) unless the company is another Enron. Valuation Differences The valuation of a private company depends heavily on its purpose: are you valuing the company right before an IPO? Or evaluating it for an acquisition by an individual or private/public buyer? These companies might be worth very different amounts to different parties – they *should* be worth the most in IPO scenarios because private companies gain a larger, diverse shareholder base like that. You'll almost always apply an "illiquidity discount" or "private company discount" to the multiples from the public comps; a 10x EBITDA multiple is great, but it doesn't hold up so well if the comps have $500 million in revenue and your company has $500,000 in revenue. This discount might range from 10% to 30% or more, depending on the size and scale of the company you're valuing. Precedent Transactions tend to be more similar, and you don't apply the same type of huge discount there for larger private companies. You may see more "creative" metrics used, such as Enterprise Value / Monthly Active Users, especially for private mobile/gaming/social companies. DCF and WACC Differences The biggest problems here are the Discount Rate and the Terminal Value. The Discount Rate has to be higher for private companies, but you can't calculate it in the traditional way because private companies don't have Betas or Market Caps. Instead, you often use the industry-average capital structure or average from the comparables to determine the appropriate percentages, and then calculate Beta, Cost of Equity, and WACC based on that. There are other approaches as well – use the firm's optimal capital structure, create a giant circular reference, or use earnings volatility or dividend growth rates – but this is the most realistic one. You use this approach for all private companies because they all have the same problem (no Market Cap or Beta). You'll also have to discount the Terminal Value, but this is mostly an issue for Money Businesses because of their dependency on the owner and key individuals. You could heavily discount the Terminal Value, use the company's future Liquidation Value AS the Terminal Value, or assume the company stops operating in the future and skip Terminal Value entirely. Regardless of which one you use, Terminal Value will be substantially lower for this type of company. The result is that the valuation will be MOST different for a Money Business, with smaller, but still possibly substantial, differences for Meth Businesses and Empire Businesses. http://www.mergersandinquisitions.com/private-company-valuation/
Closing Stock - Financial Statements with Adjustments (Accounts Class 11th)
 
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In this video, i will teach you about financial statements with adjustments. Learn the easy way to solve the questions.
Views: 2981 Accountancy Class 11
Introduction to Financial Accounting: Purchasing and Selling Inventory
 
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An explanation by Larry & Trisha on the purchase and sale of inventory. Topics we have fun with include the journal entries from the buyers and sellers perspective.
Views: 5117 Accounteam
Negative Goodwill and Bargain Purchases in Merger Models
 
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In this tutorial, you’ll learn about bargain purchases, the concept of “negative Goodwill,” and what happens on the financial statements in a merger model when a buyer acquires a seller for an Equity Purchase Price less than the seller’s Common Shareholders’ Equity. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 4:20 Part 1: Why Bargain Purchases Take Place 9:17 Part 2: Why the Accounting is Confusing, and a Simpler Method 12:30 Part 3: Real-Life Example of a Bargain Purchase 14:19 Recap and Summary Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-13-Negative-Goodwill-Bargain-Purchases-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-13-Negative-Goodwill-Bargain-Purchases.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-13-Negative-Goodwill-Westamerica-County-Bank.pdf QUESTION: “Can you explain what happens in an M&A deal if the Equity Purchase Price is less than the seller’s Common Shareholders’ Equity?” “Do you get ‘negative’ Goodwill? What is the accounting treatment for this type of bargain purchase?” SHORT ANSWER: No, you never create “negative Goodwill” because it cannot exist under either IFRS or U.S. GAAP. Instead, you take the absolute value of the Goodwill created and record it as an Extraordinary Gain on the Income Statement. You have to put a MAX(0 around the Goodwill calculation to do this. You reverse the Gain on the CFS and reverse the extra taxes the company paid on the Gain. On the Balance Sheet, Cash, Retained Earnings, and the DTL or DTA will be affected by these changes. Part 1: Why Bargain Purchases? Bargain purchases are most common for distressed sellers, when the company is running out of Cash, has high Debt and other obligations, and needs to sell or liquidate quickly. A buyer who likes the seller’s intangibles or other aspects of it might come in and offer a better-than-liquidation price that is still less than the seller’s Common Shareholders’ Equity. In our example here, Starbucks likes Coco Cream Donuts’ brand, customer list, and intellectual property, but doesn’t believe its Tangible Assets are worth all that much, so it allocates 60% of the Equity Purchase Price to those Intangibles. In the purchase price allocation process, it writes off the seller’s Common Shareholders’ Equity and Goodwill, adjusts its PP&E and Intangibles, and creates a new DTL. Instead of recording negative $203 million of Goodwill, it records 0 and shows an Extraordinary Gain of $203 million on the combined Income Statement instead. Part 2: Accounting Confusion, and a Simpler Method Under the old method, you allocated the negative Goodwill proportionally to the acquired company’s Assets until there was nothing left – and if some amount remained, you recorded that amount as an Extraordinary Gain. However, you no longer do this under U.S. GAAP or IFRS, and the rules changed a long time ago. You just record the Gain now. A simpler method for doing this is to simply Credit the Gain to the combined Shareholders’ Equity in the Balance Sheet adjustments – the Balance Sheet will balance immediately after the deal takes place, and the setup is much simpler and easier to explain. Part 3: Real-Life Example Back in 2009, Westamerica Bancorporation paid almost nothing for Country Bank, even though its Net Assets were $48 million. The company recorded a Gain on Acquisition of $48 million on its Income Statement, reversed it on the Cash Flow Statement, and reversed the taxes on this Gain as well. These types of deals were common in the last financial crisis because there were so many distressed sellers that desperately needed to sell.
Inventory and COGS: LIFO vs FIFO
 
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In this lesson, you'll learn how Inventory and Cost of Goods Sold (COGS) differ under the LIFO (Last-In, First-Out) and FIFO (First-In, First-Out) methods. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also understand their impact on the financial statements. This lesson is ONLY applicable if you are in the US -- under IFRS, which most other countries follow, only FIFO is allowed. Table of Contents: 0:48 Why LIFO vs. FIFO Matters and a Simple Example 4:22 Real Life Example of LIFO vs. FIFO 5:18 LIFO vs. FIFO on the Income Statement 8:50 LIFO vs. FIFO on the Balance Sheet 10:22 The Average Method 11:15 If Inventory Costs Decrease Over Time... 11:48 Recap and Summary Why LIFO vs. FIFO Matters In our 3-statement "interview question" model, we assumed that COGS = Decrease in Inventory over a specific period. So the implicit assumption is: Change in Inventory = Beginning Inventory + Purchases - COGS. PROBLEM: What do you actually list for COGS? After you buy the Inventory, what should you record for the cost of Inventory once it's actually sold? Example: Let's say you order 100 units during the course of the year, and initially they cost you $10 each... but by the end of the year the cost has increased to $20 each. When you sell 10 units, do you use 10 * $10 for COGS, or 10 * $20? That's the core problem you face when recording COGS and Inventory, and there are 2 methods for handling it: LIFO (Last In, First Out): You use the cost of the latest items purchased (10 * $20). FIFO (First In, First Out): You use the cost of the earliest items purchased (10 * $10). It's not about which one is "better," but more about the trade-offs between these two methods -- how are Net Income, Inventory, and COGS affected? Impact on Net Income, Inventory, and COGS If inventory costs have been INCREASING: LIFO: Higher COGS, lower Net Income, and a lower ending Inventory balance. FIFO: Lower COGS, higher Net Income, and a higher ending Inventory balance. If inventory costs have been DECREASING: LIFO: Lower COGS, higher Net Income, and a higher ending Inventory balance. FIFO: Higher COGS, lower Net Income, and a lower ending Inventory balance. Compromise: Take the average numbers under both methods (many US-based companies do this in real life). This comes up in real life all the time, so you need to be aware of it -- and possibly be ready to make adjustments on the financial statements if companies you're comparing are using different standards for inventory and COGS. Further Resources http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-11-Inventory-LIFO-vs-FIFO.xlsx
Amalgamation = Problem 1 = Purchase Consideration Net Asset Method & Net Payment Method
 
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Please watch: "A Must watch video for CA CS or CMA students | Study with coach Episode 1" https://www.youtube.com/watch?v=303mUlEiGjw --~-- A FREE Short Video By Prof. Shantanu Pethe (CACSCMA COACH) On Amalgamation Solution to Problem 1 : showing How to calculate Purchase Consideration under Net Asset Method & Net Payment Method for CS Executive, CA IPCC, CMA Inter & Other students of Accounts For more Free videos : subscribe our Youtube Channel :https://www.youtube.com/channel/UCDEiPebR63LvKb78gj4cNWA?view_as=subscriber To Buy Full Videos Visit our Website : www.cacscmacoach.com or Contact : 9860544418
Working Capital Adjustments in a Business Sale Can Be a Nasty Surprise (S3)
 
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http://www.rarebrain.com/video/working-capital-adjustments-business-sale-can-nasty-surprise-s3/ When selling your business, generally the purchase price is determined as a multiple of the earnings. However, before the transaction actually closes, the seller can manipulate various aspects of the company without any impact to the company’s underlying earnings. In this video Gower Idrees, CEO of RareBrain Capital, offers insights into working capital and other adjustments during a business sale. You can learn more and get your free score + report at http://www.rarebrain.com.
Views: 562 RareBrain Capital
Tally ERP 9-Capital Goods Purchase & Input Credit Adjustment GST Tally Part-12|Fixed Assets GST
 
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Learn Purchase of Capital Goods and How to Set its Input Credit under GST in Tally. Learn Fixed assets purchase entries under gst. How to Post Fixed Assets Purchase Entry with GST in Tally ERP 9, All Options Explain with Detail, How to Pass Stat Adjustment Entries for GST Input Credit for Capital Goods, Learn What is the Accounting Treatment of Capital Goods in Tally, Learn All Accounting Entries for GST. It is Full Step by Step Tally Tutorial in Hindi. Must watch to master in tally accounting practical approach to work smartly. Learn Fixed Assets Management in Tally. What is Capital Goods under GST? How to Claim ITC on Capital Goods under This Tally Hindi Video Tutorial Based on Advance, Professional, expert Tally courses for GST Accounting in Tally. This is our free online tally course, we provide tally online classes so you can learn and study tally accounting online. It is Full Step by Step Tally Tutorial in Hindi. This Tally ERP 9 Video Tutorial Based on Advance, Professional, expert Tally accounting course. It is a Part of RSCFA Course run by Career Planet. 👉Watch All Videos on GST Accounting in Tally Day by Day – Part-1- Tally New Version for GST |How to Download and Install https://www.youtube.com/watch?v=SrW5yBYDryA 👉Part-2- GST Accounting Entries in Tally https://www.youtube.com/watch?v=ZHm5GIBlaF4 👉Part-3- Tally ERP9-GST Accounting Entries for Services in Tally https://www.youtube.com/watch?v=zuebaPA4lqU 👉Part-4-GST Accounting Entries for Reverse Charge on Purchase from Unregistered Dealer in https://www.youtube.com/watch?v=p2eWqPfsf_s 👉Part -5- Multiple Tax Rate Items in Single Invoice GST Accounting Tally https://www.youtube.com/watch?v=YYR99HReFx8 👉Part-6 HSN Code, GSTIN Number,Multiple Tax Rate Items in Invoice https://www.youtube.com/watch?v=Edm1m5oxrig 👉Part-7 GST Accounting with Debit Note, Credit Note, Discount Paid,Discount Receive https://www.youtube.com/watch?v=J91HxbW4Ss4 👉Part-8 How To Round off Invoice Value with GST in Tally https://www.youtube.com/watch?v=xoajErjQ5d4 👉Part-9 GST Entries for Manufacture, Production, Raw Material Consuming in Tally https://www.youtube.com/watch?v=_Pfc1IRTL-k 👉Part-10 GST Price Based Stock Item Tax Setup in Tally|GST Multi Tax Rate Slab https://www.youtube.com/watch?v=sBRzMSEVLSA 👉Part-11 GST Auto Tax Calculation and Cash Purchase or Sales Entries in Tally https://www.youtube.com/watch?v=82066d6661A 👉Visit Our Website: https://www.cpitudaipur.com 👉Visit Our Blog: https://cpitudaipur.blogspot.in/ 👉Like Our Facebook Page: http://facebook.com/cpitudr 👉Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
Financial Accounting: Merchandising Operations
 
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Introduction to Financial Accounting Merchandising Operations (Chapter 5) February 25th, 2013 by Professor Victoria Chiu The main objectives of this lecture is to describe and illustrate merchandising operations & the two main types of inventory systems. We also aim to master how to account for the purchase & sale of inventory using a perpetual system. How to adjust & close the accounts of a merchandising business, as well as preparing merchandisers' financial statements is covered, as well as using the gross profit percentage & inventory turnover to evaluate the health of a business. The operating cycle consists of the company purchasing inventory from the vendor / supplier, & then collects cash by selling the inventory to a customer. Merchandisers are businesses that sell a product to customers. New accounts that they use (that we didn't already cover) include inventory (a current asset account listed on the balance sheet). Inventory is the merchandise that a company holds for sale to customers. Sales revenue and cost of goods sold (type of expense) are also two new accounts we deal with (listed on the income statement). Sales revenue is the retail price of the inventory sold to the customer & cost of goods sold is the cost (to the company) of the inventory sold to the customer. A perpetual inventory system keeps a running computerized record of inventory (thanks to bar codes). A contemporary perpetual inventory system constantly records units purchased & cost amount, the units sold & sales & cost amounts, & the quantity of inventory on hand & its cost. It also better controls inventory due to the fact the inventory & purchasing systems are integrated with accounts receivable & sales. Despite it being computerized, physical counts do occur once every year to double check that the ending inventory listed is the correct amount (since spoilage, theft, & other factors may result in loss of inventory without a sale). The perpetual system is most popular. Bar cods are used by businesses today to streamline many formerly repetitive & labor intensive processes related to inventory. It is used to record sales & cost of goods sold, as well as to update the inventory count. It also updates purchasing & generates purchase orders (replenishes inventory by communicating with the company's purchasing systems). Under the periodic inventory system, goods are counted periodically to determine quantity. Under this system, businesses physically count their inventories periodically to determine the quantities on hand. It is used by small businesses, restaurants, & small retail stores (that lack optical-scanning cash registers). It is normally used for relatively inexpensive goods. However, it is less popular than the perpetual system due to computerized inventory systems being much easier & more convenient to use. When inventory is purchased, the inventory account ( a current asset) is increased with each purchase. The vendor submits an invoice for payment (the seller's request for payment from the buyer). The invoice contains the seller, the purchaser, the date of purchase / shipment, the credit terms, the total amount due, & the due date. It should be noted that the inventory account is also impacted by shipping costs, returned purchased items, & early payment discounts. The journal entry to purchase inventory is simply a debit to the inventory account & a credit to the accounts payable account for the same amount. If purchased with cash rather than with credit, simply credit cash instead of crediting accounts payable. Purchase discounts involve the customer getting a discount for making an early payment within a given period (determined by the seller). For example, the buyer is legible for a 3% discount if the buyer pays for the goods within 15 days. If the buyer does not pay within 15 days, they are responsible for the full amount (within 30 days). The above example would be denoted 3/15, n/30. EOM stands for end of month. Purchase Returns & allowances are also discussed, as well as transportation & freight costs (FOB destination & shipping point). ------QUICK NAVIGATION------ Video begins with overview of learning objectives Operating Cycle: 3:31 Merchandisers: 6:11 Balance Sheet Diff: 10:18 Income Statement Diff: 10:59 Perpetual Inventory System: 12:59 Bar Codes: 16:19 Periodic Inventory System: 17:35 Purchasing Inventory: 20:03 Journal Entry for Purchase of Inventory: 22:53 Purchase Discounts: 24:46 Payment Within Discount Period: 29:53 Purchase Returns and Allowances: 34:23 Journal Entry for Purchase Returns & Allowances: 37:34 Transportation Costs: 40:22 FOB Shipping Point: 45:20 Purchase Discount - Shipping is Added to Invoice: 46:06 FOB Destination: 49:56 Summary of Purchase Returns & Allowances, Discounts, & Transportation Costs: 52:53 Exercise S5-2 - (Analyzing Purchase Transactions - Perpetual Inventory): 55:50 Midterm Review: 1:04:54
Views: 32475 Rutgers Accounting Web
QuickBooks Online   How to Add Depreciation of Fixed Assets in QBO
 
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Visit the community, click https://goo.gl/GJMe3c (Give-aways, Updates & Tips) at: http://financialgymforbusiness.com What is depreciation and how to account for depreciation in QuickBooks Online (QBO). Depreciation is the difference between the purchase price of a fixed or tangible asset and the value of that asset up to a specific date in its life cycle in a business. For this reason it is also known as Accumulated Depreciation. The asset is shown on the balance sheet until it is sold or is deemed to have reached the end of it's life cyle. In this video you will see an example of an asset being "disposed" of and how you show the transactions in QuickBooks Online. Your accountant would advise on the actual monetary values
Views: 6046 Financial Gym
Acquisition Expenses in Business Combination | Advanced Accounting | CPA Exam FAR | Ch 2 P 2
 
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Business combination, acquisiation method, goodwill, goodwill impairment, advanced accounting, asset acquisition, stock acquisition, mergers, consolidations, acquisitions, consolidated financial statements, acquirer, acquiree, Investment in Subsidiary, statutory merger, statutory consolidation, advanced accounting, CPA exam, Takeover Premiums, Earnout, stock exchanged ratio, goodwill, normal earnings, excess earnings. estimated goodwill, offering price, implied offering price, dilution, accretion
Advanced Accounting 4: Acquisition Accounting
 
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Ken Boyd, owner of St. Louis Test Preparation (www.stltest.net) presents part 4 of his course on Advanced Accounting. Boyd points out that students can have success with Advanced Accounting concepts by making connections to actual examples from business. As a former CPA, College Accounting professor, Auditor and Tax Preparer, Ken has a wealth of experience to bring to the subject.
Views: 17674 AccountingED
Basis of Assets
 
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Lecture Video Content Your cost basis in property is usually the purchase price; however, a variety of situations can cause the basis of an asset to be different than its purchase price. This course discusses how to determine the basis you have in assets that are acquired by purchase, gift, inheritance and a variety of other methods. No CE is awarded for purchase of the manual. If you would like CE, you must purchase the full version of this course and complete course assignments that come with it. Topics Covered * Definition of capital vs. non-capital assets * Gifted & inherited property * Adjustments to basis including improvements and depreciation * Basis of stock * Alternate basis under the AMT You can purchase the manual for this course for $2.99 at http://pnwtaxschool.com/oc-catalog/all/section-1048?keywords=basis%2Cof%2Cassets# Pacific Northwest Tax School is approved by the following organizations as a provider of continuing education: * The IRS * NASBA QAS (NASBA Sponsor #109290), * Oregon Tax Board, * The Texas State Board of Public Accountancy (Texas Sponsor #009794) * The New York State Board for Public Accountancy (Sponsor License #002479) You can receive 2 hours of CE for $40 by enrolling in this course at http://pnwtaxschool.com/oc-catalog/all/section-842?keywords=basis%2Cof%2Cassets Terms of use Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
Consignment Accounts - Calculation of Invoice Price, Commission and Closing Stock (For B.Com/M.Com)
 
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Described the procedure to calculate invoice price, normal commission, del credere commission, over riding commission and value of closing stock with the help of a question. Students can download relevant study material from the below mentioned link for better understanding of the concepts... Download Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
Views: 57553 CA. Naresh Aggarwal
Company Final Accounts [SOLVED PROBLEM with 14 Adjustments] As per Revised Schedule VI :-kauserwise
 
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To Download PDF for working notes and Problem: https://drive.google.com/file/d/1M6yf64mnXxDvJJNHdCgjjHz5lDWuN6MH/view?usp=sharing Here is the video for company final accounts as per revised schedule VI - with 14 adjustments in corporate accounting, in this video we solved one problem on company final accounts along with format in simple manner.hope this will help you to get the subject knowledge at the end. if you like this please like, comment, share and subscribe. Thanks and All the best. ▓▓░───CONTRIBUTION ─░▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is encouraging US] Thanks & All the Best!!! ──────────────────── Note: Due to some necessary information the video has bit longer, please try to watch complete video. if you want to learn Format alone, pls watch this link, https://youtu.be/PVYrnAedU1M To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 92696 Kauser Wise
Simple and weighted average (STORES LEDGER ) with solved problem :-by kauserwise
 
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▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Simple and weighted average in cost accounting , and in this video we discussed Simple and weighted average (STORES LEDGER ) with solved problem in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 396447 Kauser Wise
Accounting for Hire Purchase - Financial Accounting - B.Com | Karan Arora | Study Khazana
 
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Hire Purchase full video course can be found here https://www.studykhazana.com/coursedetails/accounting-for-hire-purchase-financial-accounting-bcom-pass-1st-year Learn more about financial accounting : https://www.studykhazana.com/coursedetails/financial-accounting-bcom-pass-1st-year Important courses and tutorials for BCOM can be found here https://www.studykhazana.com/Courses/graduation/bcom Illustration 1:- Calculate the amount of Interest and Installment in the following. Case-1: Down Payment -20% Balance -Rs 8,00,000 by way of four annual instalments. Rate of Interest - 20%pm Compounding of Interest -At yearly rest Hire Purchase is the most secured and effecting tool of collecting the proceeds of a credit sale. As nowadays books are maintained in a double entry system by all big houses and multinationals. sale is the key factor for the success of the business as a profit of an organization depends on its volume of sales. A big business house can affect sales on the cash basis as well as on credit basis and that's how credit sale becomes essential for growth of the system. In this lecture you will learn the meaning and concept of hire purchase, hire-purchase, hire vendor, goods repossessed, hirer, cash purchase price, downpayment, hire purchase price, hire purchase charges and you will solve some problems based on these terms and different cases. Calculation of interest when rate of interest is given, you will solve the problems using balance sheets. Questions are provided to you. You can note the questions for your convenience. The solutions are provided to you in step by step manner. These steps are really important if you wish to score full marks. SUBSCRIBE to Watch More Tutorials & Lectures Visit: https://www.youtube.com/c/StudyKhazana ** Stay Connected with Us ** https://www.facebook.com/studykhazana https://twitter.com/studykhazana Full Course and Lecture Videos now available on (Study Khazana) login at http://studykhazana.com/ Contact Us : +91 8527697924 Mail Us : [email protected]
Views: 116386 Study Khazana
MYOB Advanced - Purchase Price Variance Allocation
 
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In this video you'll see how MYOB Advanced handles purchase price variances between receipt of goods and receipt of invoice. To learn more about MYOB Advanced please visit me at https://www.leveragecloudtech.com.au
Funds Flow Statement #3 [ Comprehensive problem with adjustment ] :-by kauserwise
 
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▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Funds flow statement with adjustment, comprehensive problem, funds from operation, out flow of cash, inflow of cash, sources of funds, application of funds, accounting tutorial. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 190569 Kauser Wise
GST WITH CAPITAL GOODS PURCHASE AND INPUT CREDIT ADJUSTMENT IN TALLY.ERP9
 
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Here you will learn how to Implement GST on Capital goods purchase, Learn Purchase of Capital Goods and How to Set its Input Credit under GST in Tally, How to Post Fixed Assets Purchase Entry with GST in Tally ERP 9, All Options Explain with Detail, How to Pass Stat Adjustment Entries for GST Input Credit for Capital Goods, Learn What is the Accounting Treatment of Capital Goods in Tally, Learn All Accounting Entries for GST. It is Full Step by Step Tally Tutorial in Hindi. Must watch to master in tally accounting practical approach to work smartly. This Tally Hindi Video Tutorial Based on Advance, Professional, expert Tally courses for GST Accounting in Tally. Check my Another channel- http://www.youtube.com/c/Technicalzaffu FOR MORE VIDEOS:- GST MULTI-TAX INVOICE WITHOUT INVENTORY/STOCK:- https://youtu.be/x1_AQ9txSok GST WITH MIXED SUPPLY OF GOODS:- https://youtu.be/8avZ8uOa5Oc GST WITH COMPOSITE SUPPLY :- https://youtu.be/FwT5inFkOP0 GST UNDER REVERSE CHARGE ON SALES:- https://youtu.be/gsw2bUKb-Lc GST WITH FREE SCHEME GOODS:- https://youtu.be/bsPqnmqdd2M GST UNDER REVERSE CHARGE ON TRANSPORTATION CHARGES:- https://youtu.be/YD41h7iElqw GST WITH REVERSE CHARGE MECHANISM-LIABILITY/EXEMPTION:- https://youtu.be/35gB42Bc8v4 GSTR-1 RETURN FILE:- https://youtu.be/7ifAG-xUhrA GST WITH RENT PAID/EXPENSE UNDER RCM:- https://youtu.be/iiRed8VuKYI TALLY NEW UPDATE RELEASE 6.1 FOR GSTR 1:- https://youtu.be/H2rdmLLEMaY GST with FREE SAMPLES/CHARITY/DONATION/DRAWINGS:- https://youtu.be/2qu5zIS6_A4 GST with EXEMPT/TAXABLE/LUT/BOND EXPORT INVOICE:- https://youtu.be/b9ibOl9UE3c INPUT AND OUTPUT GST ADJUSTMENT: https://youtu.be/5BhYgXPYRQc GST CLASSIFICATION FOR HSN CODES:- https://youtu.be/gVZp0yrnp4o GST Entries with BANK CHARGES/EXPENSE:- https://youtu.be/1Zb7z5GzU_U GST Entries for JOB WORKER:- https://youtu.be/2u4KpPt7nMk GST with CREDIT NOTE/DEBIT NOTE and DISCOUNT RECEIVED/DISCOUNT PAID:- https://youtu.be/ecjB7pTbth0 GST ENTRIES/TRANSACTION for INELIGIBLE ITC:- https://youtu.be/aci0keMJp6o GST with TAX AMOUNT INCLUSIVE OF TAX and ROUNDING OFF:- https://youtu.be/wjk0YpQJdBQ GST with TRANSPORTATION CHARGES under RCM:- https://youtu.be/mMykDmGzSx4 GST with JOB WORK PROCESSING:- https://youtu.be/rQo4Xw1GnqY GST MULTI TAX SLAB RATE based on STOCK ITEM PRICE:- https://youtu.be/PO-BS-8Oli0 GST with PURCHASE from COMPOSITION DEALER:- https://youtu.be/4jSJ0cY29cw GST with SALES/PURCHASE from SEZ:- https://youtu.be/OXViysuynDk GST with MANUFACTURING/PRODUCTION of GOODS:- https://youtu.be/occTCXSjvMQ GST with TDS:- https://youtu.be/zdWT6k9cfRM GSTR-3B and PURCHASE from URD:- https://youtu.be/wTJk-vdVD5w GSTR2(TAX LIABILITY/PAID under REVERSE CHARGE on ADVANCE):- https://youtu.be/mfs7Cf2vM10 GSTR2(ISD/TDS CREDIT):- https://youtu.be/MHi9pUdvxok GSTR2(DEBIT NOTE/NIL RATED/EXEMPTED/NON-GST):- https://youtu.be/5EbyYjiIF64 GSTR2(REVERSE CHARGE MECHANISM):- https://youtu.be/CcXXye7c_z0 GSTR2(B2B INVOICE):- https://youtu.be/7oJjRH-DmX0 GST with FREIGHT/PACKING CHARGES:- https://youtu.be/FMC7EqRM-po GSTR1(TAX LIABILITY ON ADVANCE):- https://youtu.be/dbN-znVsnzU GSTR1(NIL RATED/EXEMPTED/NON-GST):- https://youtu.be/FMggEUgEPF4 GSTR1(CREDIT/DEBIT NOTE):- https://youtu.be/qtVSfttA6AA GSTR1(B2C INVOICE):- https://youtu.be/PNz8v9xhJ8I GSTR1(B2B INVOICE):- https://youtu.be/-77tH0GS3ek GST with SALES INVOICE:- https://youtu.be/owNIF80q52w GST with INTERSTATE SALES INVOICE:- https://youtu.be/5P0FnlJJbmc GST with PURCHASE INVOICE:- https://youtu.be/2MT71ZzGKcQ GST with INTERSTATE PURCHASE INVOICE:- https://youtu.be/YzGyUH8kXbk GST on ADVANCE PAYMENT RECEIVED:- https://youtu.be/79kNF_M5iHw MULTI TAX RATE under GST:- https://youtu.be/SnWL3VoZiFg Subscribe our channel:-  https://www.youtube.com/channel/UC6J5kcyF_USR8-aYmwl4n4g Intro music provided by No Copyright Sounds(NCS) Follow us on: Facebook: https://www.facebook.com/tallyforall Instagram: http://www.intagram.com/md.firoz92 Twitter: https://twitter.com/mdfiroz9654?s=09 Tumblr: http://firoz92.tumblr.com Please subscribe this channel for more Tally & GST knowledge
Views: 3476 TALLY FOR ALL
FIFO and LIFO(Pricing of  material issue) with solved problem :-by kauserwise
 
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Here is the video about FIFO and LIFO(Pricing of material issue) in Cost accounting Simple explanation with solved problem, Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: Kauser Wise
Advanced Accounting - Chapter 2 - Part 2 - Acquisition when Investee Dissolves - Journal Entries
 
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For more videos like this go to www.patrickleemsa.com. Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free. To do so, make sure you click on this link: https://share.robinhood.com/patrickl803 ___________________________________ NETWORK WITH ME! PATRICKLEECPA Twitter - https://twitter.com/patrickleecpa Website – https://www.patrickleecmsa.com ___________________________________________ Send a letter or send something cool about how you’re using these videos. Patrick Lee, MSA PO Box 936 Winfield, Kansas 67156 ___________________________________________ WORK WITH ME! CONTACT US: [email protected]
Views: 6089 Patrick Lee
Hire Purchase - Partial Repossession ~ For B.Com / M.Com
 
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Explained the concept and procedure of partial repossession in Hire Purchase system. Question Information: On 01.01.2010 Chetali purchased from Deepali three machines costing Rs.2,00,000 each payable Rs.50,000 down and three annual installments of Rs.60,000 for each machine at the end of each year. The purchaser charges depreciation on machines @ 10% p.a. on written down value method. Chetali could not pay second instalment and Deepali took possession of two machines. Value of the Machines repossessed was to be determined after charging 25% depreciation under straight line method. Deepali paid Rs.10,000 for repairs on repossessed machines and sold them for Rs.80,000 each. Show the necessary accounts in the books of Both the parties. Student can also watch following lectures related with the same topic : 1. Full Repossession in Hire Purchase : https://www.youtube.com/watch?v=Te8cJDfvuGI 2. Mid Year Partial Repossession in Hire Purchase : https://www.youtube.com/watch?v=ZdfHRqHYgnE Students can download relevant study material from the below mentioned link for better understanding of the concepts... Download Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing #HirePurchase #Repossession #Accounting
Views: 82784 CA. Naresh Aggarwal
Why Deferred Tax Liabilities Get Created in an M&A Deal
 
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Why Do Deferred Tax Liabilities Matter? They're part of any M&A deal. By http://breakingintowallstreet.com/biws/ You'll find you always see them in the purchase price allocation schedule, and they impact the combined company's taxes after the deal takes place. You see them all the time, especially for highly acquisitive companies like Oracle. They reflect the fact that there are TIMING differences between when a company records taxes on its publicly filed Income Statement and when it actually pays those taxes. Specifically, when a buyer writes up the seller's PP&E or Other Intangible Assets in a deal, the buyer depreciates or amortizes them over time... but only on the BOOK version of its statements! It can't do that on the TAX version of its statements it files when paying taxes to the government, which means that the actual amount of cash taxes it pays will be different from what's on its Income Statement. Here's the Easiest Way to Think About DTLs: Instead of thinking about the company's historical situation or its taxable income, think about its FUTURE TAXES. If future cash taxes exceed future book taxes, a DTL will be created. We need to pay ADDITIONAL taxes for items that are not truly tax-deductible. If future cash taxes are less than future book taxes, a DTA will be created. We will pay LESS in taxes than the company's book Income Statement implies. As the book and cash tax payments equalize over time, the DTL or DTA goes away. Two Most Common Questions on DTLs: "Wait a minute - why does a DTL get created immediately? Isn't it caused by the book and cash taxes being different many times historically?" Nope, not necessarily - that CAN be a cause, but DTLs/DTAs can also be created by events that change the company's FUTURE tax situation. So you need to think about how taxes will change in the future, not how they've changed in the past, to determine this. "Wait a minute, the taxable income for book purposes is LOWER than it is for tax purposes - doesn't that create a Deferred Tax ASSET (DTA) instead?" Nope. The relevant question is not how the taxable income differs, but how the FUTURE TAXES will differ. If the company will pay more in cash taxes than book taxes in the FUTURE, as a result of these write-ups, or any other changes, then a DTL gets created.
How to Make a Consolidated Balance Sheet
 
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This video shows how to make a consolidated balance sheet when one company acquires 100% of another company. The consolidated balance sheet presents the assets and liabilities of the combined entity, but it is not as simple as adding the figures from the 2 separate balance sheets together (this would result in double-counting). To create the consolidated balance sheet, one must make a series of adjusting and eliminating entries that do the following: 1. Eliminate the purchaser's investment in the target 2. Eliminate the target's stockholders' equity accounts 3. Step up the target's assets to their fair value 4. Recognize any goodwill Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter 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 Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 21519 Edspira
What Is The Acquisition Method Of Accounting?
 
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A bargain price is when the acquiring company pays less than fair value of being acquired in past, a method called 'purchase accounting' was used business combination accounting, but standard changes made acquisition accounting only (which statement 141 purchase method) be same to all transactions and are both practices intended help provide an accurate record this process. What are the differences between acquisition method and accounting investopediathe & purchase gaap method, ifrs of readyratios. 5] the acquisition method is required to be used to record the acquisition of a the acquisition method has two distinct accounting characteristics (1) 100generally accepted accounting principles regarding mergers and acquisitions continue to evolve. The 4 step acqusition method for business combinations under accounting equity investments & acquisitions public. I think it's partly because the presentation of purchase accounting (the method. Acquisition method of accounting accountingtools acquisition url? Q webcache. Acquisition method of accounting accountingtools. So how do we this? Keep in mind the other accounting standards when assessing these investments & acquisitions start studying acquisition method of determining cost. The financial accounting standards board, or fasb, issued the generally accepted principles continue to evolve regarding differences between acquisition method & purchase in method, parent includes all assets of subsidiary on its consolidated balance sheet and subsidiary's revenues first step is identify acquirer. An acquisition or steps in applying the method are [ifrs 3. Googleusercontent search. Acquisition method of accounting & determining the acquisition acct415 chapter two flashcards m&a in simple english wall street prep. Understanding the table below summarizes some differences between gaap purchase method, ifrs and acquisition method accounting defining purchasing of. Acquisition accounting, also popularly known as a purchasing method of accounting was used in the acquisition vs purchase and are processes which almost same every aspect. Difference between acquisition method and purchase ifrs 3 business combinations ias plus. The ifrs 3 outlines the accounting when an acquirer obtains control of a business (e. This approach mandates a series of steps to record the acquisitions, which are measure any tangible assets and liabilities that were acquired big picture differences between purchase method acquisition. May 4, 2017 acquisition method of accounting. Learn vocabulary, terms, and more with flashcards, games, other study using the acquisition method for a business combination, goodwill is generally what primary accounting difference between when has always been challenge analysts associates. Philosophically, the purchase method accounted for an acquisition as sum of assets and liabilities being acquired. When an acquiree buys another company and the acquirer uses gaap, must record event using acquisition method. Acq
Views: 153 Bet My Bet
Cost Accounting (Topic: Cost Sheet) by CA Raj K Agrawal
 
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StudyAtHome.org is a Online/Offline Platform, that provides CA/ CS/ CMA classes from India's Best Professors at your Home. To Buy Complete Lectures mail us on [email protected] or Call on 08737 012345
Views: 269299 Study At Home
Purchase Fixed Assets as Stock Item with GST in Tally ERP 9 Part-69 | Learn Tally for GST
 
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Learn purchase of fixed assets as stock item with gst in tally erp 9. Fixed assets or capital goods are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, computer, laptop, printer, plant and machinery, furniture and equipment vehicles and tools. Capital goods are assets that an organization uses to produce goods or services. Learn how to post fixed asset purchase accounting entries as stock item so it shows in stock summary with quantities and learn what the effect in gstr 2 in tally. All options explain with detail, learn what is the accounting treatment of fixed assets and capital goods in tally, learn all accounting entries for gst. Learn Fixed Asset management accounting in Tally. It is full step by step tally video tutorial in Hindi based on advance, professional, expert tally course for gst accounting with tally. It is a part of rscfa course. 🙏Click to Watch All Videos on 👉Capital Goods Purchase & Input Tax Credit Adjustment with GST https://www.youtube.com/watch?v=fTsgpAO8VCQ 👉GST Accounting Entries in Tally Day by Day – https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYN 👉Click to Watch Basic Tally Accounting Video Day By Day- https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv 👉Visit Our Website: https://www.cpitudaipur.com 👉Visit Our Blog: https://cpitudaipur.blogspot.in/ 👉Like Our Facebook Page: http://facebook.com/cpitudr 👉Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
Advanced Accounting 16: Intercompany Transfer/ Assets
 
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Ken Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students. As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.
Views: 14911 AccountingED
Tally ERP9-GST Accounting Entries for Services in Tally (Hindi) Part-3|GST for Service Purchase Sold
 
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Learn How to post GST Accounting Entries for services in Tally ERP 9. Service Purchase and Service Sold, How to create service ledgers for GST implementation in tally, How to Create GST Ledgers or Master Such as Interstate Service Purchase, Local Service Purchase, Interstate Service Sales, Local Service Sales, Sundry Creditors, Debtors Interstate or Local, GST Tax Ledgers IGST, CGST, SGST. How to Set Service wise GST Rates, How to Post Purchase and Sales Entry using GST. How to Paid Tax Liability to Government i.e. How to Check Input Tax Credit under GST. learn gst accounting entries for accounts only without inventory without stock. We are using Tally for GST Implementation, Learn All about Goods and Service tax practical accounting entries in tally, how to enable GST in tally, how to set GSTIN also learn the Tax Adjustment and payment method in this video Hindi Tutorial. Watch to learn Step by Step Full GST accounting entries in tally in Hindi Video Tutorial. Thanks for Watching!!! Have a Nice Day! 👉Watch All Videos on GST Accounting in Tally Day by Day – Part-1- Tally New Version for GST (Hindi) |How to Download and Install Tally for GST https://www.youtube.com/watch?v=SrW5yBYDryA 👉Part-2- GST Accounting Entries in Tally (Hindi) Part-2 https://www.youtube.com/watch?v=ZHm5GIBlaF4 👉Watch All other videos Day by Day ::- Day-1 Complete Basic Accounting Class with Example|Journal Entry in Tally https://www.youtube.com/watch?v=vZQGxkommug&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&index=1 👉Day-2 INTRODUCTION to TALLY ERP 9 https://www.youtube.com/watch?v=XCszfm-6nBY&t=1s 👉Day-3 Company Creation, Alteration, Tally Password https://www.youtube.com/watch?v=pqLoH8ObJ_M 👉Day-4 Concept of Groups in Tally https://www.youtube.com/watch?v=6wi9BGM4iLA 👉Day-5 How to Create Ledgers- https://www.youtube.com/watch?v=Cb6QLeXs_OU 👉Day-6 Voucher Entry -Contra, Payment, Receipt, Journal, Sales, Purchase Voucher https://www.youtube.com/watch?v=tGX9iZSWu9I 👉Day 7- Watch All Bank Transaction Entries in Tally- https://www.youtube.com/watch?v=QV1M0ALJPOA 👉Day 8- Discount Related Entries in Tally | Cash or Trade Discount | All About Discount Tally https://www.youtube.com/watch?v=AfMlAyxw3j8&index=8&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&t=25s 👉Day-9- Basic Adjustment Entries|Journal Voucher Entries https://www.youtube.com/watch?v=IYBoqln8uK4&index=9&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv&t=25s 👉DAY-10- Common Tally Problems Dr/ Cr Mode|Single Payment Modehttps://www.youtube.com/watch?v=43azz8FC89A&index=10&list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv 👉Visit Our Website: https://cpitudaipur.com 👉Visit Our Blog: https://cpitudaipur.blogspot.in/ 👉Like Our Facebook Page: https://facebook.com/cpitudr 👉Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg 👉Please watch: "Tally ERP 9-GST Entries for Manufacture, Production, Raw Material Consuming in Tally Part-9 (Hindi)" https://www.youtube.com/watch?v=_Pfc1IRTL-k
Adjusting Entries Part 3 : Deferred Income  : Unearned Revenue : Basic Accounting [Urdu / Hindi]
 
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Adjusting Entries Part 3 : Deferred Income : Unearned Revenue : Basic Accounting [Urdu / Hindi] Sekho Sub Kuch Sekhosubkuch provides basic and advanced level computer, internet, commerce, mobile technology related education for free. For More Interesting updates like Facebook Page And Subscribe My Channel on YouTube. Facebook Page : https://www.facebook.com/sekhosubkuch YouTube Channel : https://www.youtube.com/channel/UCO3WNWvetJ5zVaxz2-cOx9w My Blog : http://sekhosubkuch.blogspot.com/ Don't Forget to Like, Comment, Share and Subscribe to My Channel More Video Topics are Given Below : How to Create a Business Accounts Ledger in Microsoft Excel : Debit Credit Balance [Urdu / Hindi] How to Create Accounts System in Microsoft Excel [Urdu / Hindi] How to Create a Simple Accounting Software in Microsoft Excel [Urdu / Hindi] Accounting for Sales Tax : Output Tax : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting for Sales Tax on Purchases : Input Tax : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting for Sales Return : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting For Purchase Returns : Basic Accounting Tips and Tricks [Urdu / Hindi] TOP 5 Quick Excel Tips and Tricks (You Might Be Don't Know) How to Create INVOICE in Microsoft Excel [Urdu / Hindi] How to Create Check Register in Microsoft Excel [Urdu / Hindi] How to Create Income Statement / Profit and Loss Account in Microsoft Excel [Urdu / Hindi] How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] Accounting For Sales : Basic Accounting Tips and Tricks [Urdu / Hindi] Accounting For Purchases : Basic Accounting Tips and Tricks [Urdu / Hindi] Fixed Assets : Reducing Balance / Fixed Declining Depreciation Method in Excel [Urdu / Hindi] How to Easily Write / Read Currency in English and Urdu : Basic Tips [Urdu / Hindi] Fixed Assets Straight Line Depreciation Method in Microsoft Excel [Urdu / Hindi] Adjusting Entries Part 4 : Prepaid Expense : Prepayments : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 3 : Deferred Income : Unearned Revenue : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 2 : Accrued Expense : Basic Accounting [Urdu / Hindi] Adjusting Entries Part 1 : Accrued Income : Basic Accounting [Urdu / Hindi] Basic Accounting : Debit and Credit Rules : Accounting Tips [Urdu / Hindi] Magic Math Tricks - How to Calculate Percentage Fast [Urdu / Hindi] How to Calculate Percentage Change (Increase and Decrease) [Urdu / Hindi] What is Percentage and How to Calculate Percentages with Examples [Urdu / Hindi] Create Main Menu (Dashboard) of Supplier & Customer (Ledger Part 3) [Urdu / Hindi] Customer / Buyer Ledger in Microsoft Excel (Ledger Part 2) [Urdu / Hindi] Supplier / Vendor Ledger in Microsoft Excel (Ledger Part 1) [Urdu / Hindi] How to use PV (Present Value Function) in Microsoft Excel [Urdu / Hindi] How to use FV (Future Value Function Part2) in Microsoft Excel [Urdu / Hindi] How to use FV (Future Value Function Part1) in Microsoft Excel [Urdu / Hindi] How to Use PMT Function in Microsoft Excel (Excel Tips) [Urdu / Hindi] How to Create Check Register in Microsoft Excel [Urdu / Hindi] How to Create INVOICE in Microsoft Excel [Urdu / Hindi] Create INVENTORY SYSTEM in Microsoft Excel (Using Vlookup and Sumif) [Urdu / Hindi] How to Create SO / Sales Order in Microsoft Excel [Urdu / Hindi] How to Create PO / Purchase Order in Microsoft Excel [Urdu / Hindi] How to Create Balance Sheet in Microsoft Excel [Urdu / Hindi] [Advance Excel] How to Create Income Statement / Profit and Loss Account in Microsoft Excel [Urdu / Hindi] Word Tutorial : How to Create a Letterhead in Microsoft Word [Urdu / Hindi] [Word Training] Word Tutorial : How to Create Business Card in Microsoft Word [Urdu / Hindi] How to Create Payroll System / Salary Sheet in Microsoft Excel [Urdu / Hindi] How to Create Invoice in Excel [Urdu / Hindi] How to Make a Home Budget in Excel [Urdu / Hindi] How to Calculate Running Total [Urdu / Hindi]
Views: 2021 sekhosubkuch
Investments - Significant Influence
 
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A discussion of the accounting for significant infludence investments with adjustments (purchase price is greater than book value).
Views: 188 Lynnette Yerbury
Cash Budget Problems with adjustments
 
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Hey Guys! We are starting a new course on Business Accounting for Engineers where we will cover the basic conceptsan engineer needs to know while doing business. Hope you like it! Music: bensound.com
Views: 13063 Mech Kida
HOW TO MAKE  ASSET PURCHASE ENTRY IN TALLY ERP UNDER GST
 
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Dear friends as per government rules we can get GST credits on all expenses... so at this time how to make asset purchase entry in tally unedr GST.... #nictfortallygst My New channel : Tech- Adviser about Computer Technology https://www.youtube.com/channel/UCJBbsq9D8M0RyUNjYu7B7EA My Mic : Ahuja Brand ( Use for Desktop ) https://amzn.to/2IAF81v
Views: 71064 NICT for TALLY GST
Dynamics NAV Adjust Cost/Price Function
 
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What do you do if you have to update the price of your entire warehouse? Or if one vendor has decreased a specific item by a certain amount? You could manually go through and update every item, if you had endless time on your hands. Or, you could use the Adjust Cost/Price Function in Dynamics NAV. In this installment of our NAV Coffee Break video, Gwen demonstrates how to use this particular batch function of NAV to adjust costs/prices of items in bulk. She discusses the various options including filtering on Item Card or Stock Keeping Units; as well as opting for Adjustment Factor and/or Rounding method. Grab a coffee, and watch this short video to see how you can save time by using the Adjust Cost/Price Function in Dynamics NAV.
Views: 2866 ArcherPoint Inc

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