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Noncurrent Assets in Financial Accounting
 
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This video explains what noncurrent assets are and highlights the most common types, including: long-term investments, PP&E, intangible assets, and other assets. 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
Views: 13785 Edspira
Fixed Assets and Current Assets - Explained in Hindi
 
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What are fixed assets and current assets? Explained in Hindi with examples. Types of current assets and fixed assets and how they are financed. Fixed assets are generally financed with long-term funds - equity and debt. Working Capital i.e. current assets minus current liabilities, is financed with short-term financing options. Related Videos: Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Tangible Assets & Intangible Assets: https://youtu.be/vnCbdUKeALk Current Assets & Current Liabilities: https://youtu.be/6_ZPGktZIts Business Loans: https://youtu.be/_LBaXZz80Uw Working Capital: https://youtu.be/eIuVfYSiVR8 Bank Guarantee: https://youtu.be/GWtBvqYYXbI Letter of Credit: https://youtu.be/0UiLLhNhBiI Cash Credit Loan Account vs Bank Overdraft Facility: https://youtu.be/0Qo2nqNVsCs Bill Discounting: https://youtu.be/PXzGqEL1RfQ Book Value, Market Value, Face Value of Share: https://youtu.be/bQEjzWssWOg फिक्स्ड एसेट्स और करंट एसेट्स क्या हैं? इस वीडियो में फिक्स्ड एसेट्स और करंट एसेट्स के प्रकारों को और इन्हे कैसे फाइनेंस किया जाता है, समझाया गया है। फिक्स्ड एसेट्स को साधारणतः लॉन्ग-टर्म फाइनेंस के द्वारा फाइनेंस किया जाता है - इक्विटी और डेब्ट। वर्किंग कैपिटल यानि की करंट एसेट्स माइनस करंट लिएबिलिटीज़ को शार्ट-टर्म फाइनेंस विकल्पों के द्वारा फाइनेंस किया जाता है। Share this Video: https://youtu.be/sPrNuHduHog Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is fixed asset? What is the meaning of current assets? How to do the financial analysis of a company or business? How to evaluate a company's financial strength before investing in shares? What are the finance methods for fixed assets and current assets? What is long-term assets or capital assets? What is the difference between fixed assets and current assets? What are the technical differences between fixed assets and current assets? What are the examples of fixed assets and current assets? What does cash equivalents mean in current assets? How to evaluate the fixed assets? What is depreciation factor in fixed assets? How to evaluate the current assets of a company or business? what long-term finance options are available for fixed asset financing? What working capital or current asset finance options are there? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Google Plus – https://plus.google.com/+assetyogi-ay Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Instagram - http://instagram.com/assetyogi Twitter - http://twitter.com/assetyogi Hope you liked this video in Hindi on “Fixed Assets and Current Assets”.
Views: 11363 Asset Yogi
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
 
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http://www.ifrsbox.com The short summary of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. For more videos, articles, files and IFRS news please check http://ifrsbox.com :)
Views: 37024 Silvia M. (of IFRSbox)
Current Assets in Financial Accounting
 
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This video explains what current assets are and provide an overview of the common types of current assets, including: cash and cash equivalents, short-term investments, receivables, inventory, and prepaid assets. 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
Views: 20112 Edspira
Asset & Types of Assets - Explained in Hindi
 
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What is an Asset? What are different types of Assets? Explained in Hindi. Assets include current assets, non-current assets, fixed assets, tangible assets, intangible assets, operating assets and non-operating assets. Other than fixed assets like land, building and machinery, Patent, Trademark, Copyright and Brand are also assets which are intangible assets. We will discuss all such assets in this video. Related Videos: Fixed Assets and Current Assets: https://youtu.be/sPrNuHduHog Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Tangible Assets & Intangible Assets: https://youtu.be/vnCbdUKeALk Fictitious Assets: https://youtu.be/dJ1SjiwgLMM एसेट क्या है? एसेट कितने प्रकार के होते हैं? एसेट में करंट एसेट्स, नॉन करंट एसेट्स, फिक्स्ड एसेट्स, टैंजिबल एसेट्स, इंटैन्जिबल एसेट्स, ऑपरेटिंग एसेट्स और नॉन-ऑपरेटिंग एसेट्स शामिल होते हैं। लैंड, बिल्डिंग और मशीनरी, जैसे फिक्स्ड एसेट्स के अलावा पेटेंट, ट्रेडमार्क, कॉपीराइट और ब्रांड भी इंटैन्जिबल एसेट होते हैं। हम इस वीडियो में ऐसी सभी संपत्तियों पर चर्चा करेंगे। Share this Video: https://youtu.be/P82pyHmX_BA Subscribe To Our Channel and Get More Property, Real Estate and Finance Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is the technical definition of assets? How many types of assets are there? What are the current and non-current assets? What is the meaning of tangible and intangible assets? What are the characteristics of operating and non-operating assets? How to classify different types of assets? In the video, you will get to know the detailed explanation of each type of assets with examples. This will clear all the confusion regarding which type of asset belongs to which category. It also very important to understand the assets in order to completely utilize them. Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Asset & Types of Assets”.
Views: 11705 Asset Yogi
ACCA | F7- Financial Reporting | Tangible Non-Current Assets IAS 16 Part 1| 2018
 
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In This Video Were Are Talking About Tangible Non-Current Assests IAS 16 📺 Watch !T 📡 Share !T 👍 Like !T 🤜 Subscribe ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Views: 673 Easy Learn ACCA
ACCA P2 IFRS 5 Non-current assets held for sale
 
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ACCA P2 IFRS 5 Non-current assets held for sale Free lectures for the ACCA P2 Corporate Reporting Exams
Views: 23539 OpenTuition
IAS 16 Property, Plant and Equipment - summary
 
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http://www.ifrsbox.com This is a short executive summary of IAS 16 Property, Plant and Equipment.. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Views: 162621 Silvia M. (of IFRSbox)
Topic 4 - Receivables, inventory and non-current assets
 
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A recording of Lecture 4 of Accounting for Managerial Decisions for the Autumn 2016 session. Provides an introduction to accounting for bad debts, inventory and property plant & equipment. Recorded on April 14, 2016.
Views: 702 drdavebond
Auditing Property, Plants and Equipment | Auditing and Attestation | CPA Exam
 
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Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The primary accounting record for equipment and other property, plant, and equipment accounts is generally a fixed asset master file. The master file includes a detailed record for each piece of equipment and other types of property owned. Each record in the file includes a description of the asset, date of acquisition, original cost, current year depreciation, and accumulated depreciation for the property. Auditors verify equipment differently from current asset accounts for three reasons: 1. There are usually fewer current period acquisitions of equipment, especially large equipment used in manufacturing. 2. The amount of any given acquisition is often material. 3. The equipment is likely to be kept and maintained in the accounting records for several years. Because of these differences, the auditing of equipment emphasizes the verification of current period acquisitions rather than the balance in the account carried forward from the preceding year. In addition, the expected life of assets over one year requires depreciation expense and accumulated depreciation accounts, as shown in Figure 19-1, which are verified as part of the audit of the assets. Finally, equipment may be sold or disposed of, triggering a gain or loss entry that the auditor may need to verify. Although the approach to verifying equipment differs from that used for current assets, several other asset accounts are verified in much the same manner. These include patents, copyrights, catalog costs, and all property, plant, and equipment accounts. In the audit of equipment and related accounts, it is helpful to separate the tests into the following categories: • Perform substantive analytical procedures • Verify current year acquisitions • Verify current year disposals • Verify the ending balance in the asset account • Verify depreciation expense • Verify the ending balance in accumulated depreciation Next, let’s examine the use of these categories of tests in the audit of equipment, depreciation expense, accumulated depreciation, and gain or loss on disposal accounts. The failure to capitalize a fixed asset, or the recording of an acquisition at the incorrect amount, affects the balance sheet until the company disposes of the asset. The income statement is affected until the asset is fully depreciated. In testing acquisitions, the auditor must understand accounting standards to make certain the client follows the related requirements. For example, the auditor needs to be alert for the possibility of the client’s failure to include material transportation and installation costs as part of the asset’s acquisition cost and the failure to properly record the trade-in of existing equipment. Auditors should also verify recorded transactions for correct classification among various equipment accounts. In some cases, amounts recorded as manufacturing equipment should be classified as office equipment or as a part of the building. Transactions involving the disposal of equipment are often misstated when company internal controls lack a formal method to inform management of the sale, trade-in, abandonment, or theft of recorded machinery and equipment. If the client fails to record disposals, the original cost of the equipment account will be overstated indefinitely, and net book value will be overstated until the asset is fully depreciated. Detail tie-in tests of the recorded disposals schedule are necessary, including footing the schedule, tracing the totals on the schedule to the recorded disposals in the general ledger, and tracing the cost and accumulated depreciation of the disposals to the property master file. he following procedures are often used for verifying disposals: • Review whether newly acquired assets replace existing assets • Analyze gains and losses on the disposal of assets and miscellaneous income for receipts from the disposal of assets • Review plant modifications and changes in product line, and changes in major, costly computer-related equipment; property taxes; or insurance coverage for indications of deletions of equipment • Make inquiries of management and production personnel about the possibility of the disposal of assets Verify Ending Balance of Asset Account Two of the auditor’s objectives when auditing the ending balance in the equipment accounts include determining that: 1. All recorded equipment physically exists on the balance sheet date (existence) 2. All equipment owned is recorded (completeness)
Depreciation and Disposal of Fixed Assets
 
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Accounting for Depreciation and Disposal of Fixed Assets
Consolidations - Eliminate sale of Non-Current Asset
 
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How to eliminate intercompany transactions.
Views: 6971 Paula de Lange
Balance Sheet Explained | Accounting | MBA in Pills | 4wMBA
 
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Video transcript: Hi my name is Grandpa John, I will guide you through the accounting section of the MBA in pills offered by the four week MBA. for more business educational videos. check out this link. we saw in the accounting equation video, that the balance sheet, is divided in two main sections. the asset section, and the liability and equity section. more in detail. the asset section is comprised of current assets, and non current assets. main current assets are. cash, accounts receivable, inventories. prepaid expenses. the current assets, are called such, because they are usually on the balance sheet for one year, or less. the current assets are usually listed, on the balance sheet, according to their degree of liquidity. therefore, cash is the most liquid, while prepaid expenses, the least liquid.cash, is available at any time. accounts receivable, sum of money to be received from customers. inventory, a list of goods to be sold. prepaid expenses, sum paid in advance. the non-current assets are also called, long term assets. indeed, those are assets that will stay on the balance sheet for years. such as plants, equipment, furniture, and so on. on the other side of the balance sheet, we have, the liabilities and equity. liabilities, are comprised of current liability and non current liability. current liabiltiies, stay on the balance sheet, for less than a year. non current, for more than a year. Let's see the main current liabilities. accounts payable, sum of money not yet paid to suppliers, that will be washed away, once paid. accrued expenses, sum of money to be paid in the future, such as, payrolls, or tax the main non current liability is, long term debt. such as loans contracted with the bank. then, the equity. in this sub section are reported items, such as, owner's equity, retained profits and other kind of stocks, issued by the organization. lets see now few examples. jim sold $100 worth of clothes. his customer, Janet, paid with credit card. therefore, this will generate an account receivable, for $100, on Jim's balance sheet. jim, has to pay for utilities. since it is the first time he set up the account. he has to pay for $1,000 in advance. this advanced payment, will be shown as, prepaid expense. jim, this month, did not sell part of the clothes he bought in the previous month. the unsold clothes, will become part of his inventories. then, Jim had to pay $50,000 cash, to renovate the store. this $50,000 will show on his balance sheet, as building improvement, therefore, a long term fixed asset. jim, buys clothes for $1,000, with credit card. the payment will be processed in 30 days. this transaction, will generate an account payable, on jim's balance sheet. Jim, goes to the bank, to ask for a long term loan. the bank gives Jim, $50,000. this will generate a bank loan. showed under long term liability, on Jim's balance sheet. after a while. Jim accepts a new partner, Jasmine. Jasmine puts $50,000 and becomes equity partner. this transaction, will show on the balance sheet, as owner's equity. in conclusion, the balance sheet, is one of the main financial statements. it is like an instant picture. and it helps us to assess how risky a business is. in fact, when a company is too indebted. you can see it from the balance sheet. if liabilities are too much in comparison to equity, this can be very dangerous for the business.to summarize. the balance sheet is comprised of two main sections. it is an instant of the business. and, allows us to see how risky a business is. if you liked this video, and you found the topic interesting please live a comment at these links. if you would like to learn more, about other topics, contact us. Grandpa John here. You just enjoyed the accounting section of the MBA in pills offered by the four week MBA. The Balance Sheet helps us to assess the risk of the business. By looking at it you will be able to answer to questions, such as: What is the leverage? Is the company liquid enough? Remember, leverage means the proportion between equity and debt, while liquidity is the capacity of the business to repay for its short-term obligations, to run the operations. Do you want to learn more? Join our course at this link https://www.udemy.com/become-a-financial-analyst-from-scratch-n1/?couponCode=websitecoupon The Balance Sheet is comprised of two main sections: - Assets - Liability and Equity The Assets sections i comprised of: CURRENT ASSETS: -Cash -Petty Cash -Temporary Investments -Accounts Receivable -Inventory GET THE BOOK HERE: https://gum.co/rsooN NON - CURRENT ASSETS - Plant, Furniture, Equipment… and so on. Liabilities are comprised of: CURRENT LIABILITIES - Accounts Payable - Accrued Expenses - Short-term loans NON CURRENT LIABILITIES - Long-term loan Equity is comprised of: - Owner's Equity - Retained Earnings
Views: 259462 The Four-Week MBA
Assets/asset definition/
 
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Definition of the assets: Assets, If we will define assets in a general way, Assets are the resource own by any person. These resources may be a house, cash, and car. But in accounting assets are define as any economic resource own by a business in Known as assets. These resources must use to generate income for the business. It may be, cash, Receivables, Land, Building, and machinery. http://www.investopedia.com/terms/a/asset.asp https://en.wikipedia.org/wiki/Asset To like us on Facebook, visit https://www.facebook.com/accountingPlusS/ Subscriber: https://www.youtube.com/accountingplus Type of Assets: In a general way, we can divide the Assets into two type. First tangible assets and second is intangible assets. A tangible asset is an asset that has a material or physical form, which includes both fixed assets such as machinery and vehicles, and current assets, such as cash and Inventory. An intangible asset is an asset that has not a material or physical form. Such as domain name, agreements, and copyrights. We can further divide assets into three parts. First current assets, seconds fixed assets and third intangible assets. Current Assets, Current assets are those assets that are expected to convert to cash within one year. For example, Cash, Account Receivable, Supplies and Inventory. Fixed Assets/ Plant Assets/ Non-Current Assets Fixed Assets are also known as Plant assets or Non-current assets. Fixed assets are those assets that expected to be converted to cash, not within one year. In other words, we can say, fixed Assets that are expected to be converted to cash more than one year. For example, factory building and air conditioner. An intangible asset is an asset that has not a material or physical form. Such as CNN logo, agreements, and copyrights. Thank You! Kindly like, share and subscribe my channel.
Views: 951 Accountingplus
What is asset and liability?
 
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hello frnds, is video me assets or liabilities ke bare me bataya gaya hai....assets or liabilities ke types, current and fixed (non current ) liabilities and assets kya hai . in sabhi ke bare me detail me bataya gaya hai. jo new commerce students hai ye unke liye bahut important k.. See you in next video, have a nice day. LIKE | COMMENT | SHARE | SUBSCRIBE ----------------------------------------------------------------------------------
Views: 66362 Don't Stop Learning
Example on recognition of non current assets (Deborah Agostino)
 
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Video related to Polimi Open Knowledge (POK) http://www.pok.polimi.it
Views: 4379 Polimi OpenKnowledge
Disposing of Depreciated Assets (part 1 of 2)
 
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Part 1 of 2 To view part 2 visit https://brainmass.com/videos/Disposing_of_Assets Academic Expert Carol Sargent explains what the process is to follow when disposing of an asset; how to calculate if you end up with a loss or profit; and finally what the journal entries look like when trying to coordinate your balance sheet.
Views: 35835 BrainMass
Financial Accounting Concepts - Assets Tutorial 3 of 10
 
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In this video series, we explain basic concepts related to financial accounting. This third video explains the concept of assets. We will understand the definition of an asset, its properties and the asset classification in a Balance Sheet.The revenue generating capability of the firm comes from the quantity and quality of its assets but it may not always be true in all situations. From an accounting perspective, there are numerous types of assets- fixed, current, investments, fixed, tangible and intangible and other non-current assets.
Views: 6751 CXOLearningAcademy
IAS 36 Impairment of Assets
 
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http://www.ifrsbox.com Get "Top 7 IFRS Mistakes" and e-mail updates at http://www.ifrsbox.com The objective of IAS 36 Impairment of assets is to ensure that assets are carried at no more than their recoverable amount and to define how recoverable amount is determined. This summary explains that an asset is impaired when its carrying amount exceeds its recoverable amount. Impairment loss is a difference between asset's recoverable and carrying amount. Then, an entity needs to assess the indicators of impairment at least annually, both from external and internal sources. If there is an indication of impairment, an entity must perform impairment testing and determine asset's recoverable amount. Recoverable amount represents a higher of asset's fair value less cost to sell and value in use. Fair value of an asset is determined in line with the standard IFRS 13 Fair value measurement. Value in use is the present value of the future cash flows expected to be derived from an asset or cash generating unit. This video explains how to estimate future cash flows expected from the asset and how to determine the appropriate discount rate for setting the present value. Once you have calculated the amount of your impairment loss as a difference between asset's carrying amount and it's recoverable amount, you need to recognize this impairment loss in the financial statements based on the model applied. When an entity applies cost model for the asset under review, then the impairment loss is recognized immediately in profit or loss. When an entity carries its assets under review at revalued amount (for example, in accordance with revaluation model in IAS 16), then any impairment loss shall be treated as a revaluation decrease in accordance with that standard. After the recognition of an impairment loss, it is also necessary to adjust depreciation for future periods. Sometimes it's not possible to determine recoverable amount for individual asset and therefore, you need to determine your cash generating unit that is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. This summary also deals with the following situations: - Impairment loss of cash generating units - Impairment loss in business combinations with goodwill - Corporate assets You will also learn about reversals of impairment loss: when and how to do it. Visit my web and enjoy IFRS learning at http://www.ifrsbox.com!
Views: 199258 Silvia M. (of IFRSbox)
Assets, Liabilities & Equity - Explained in Hindi (2018)
 
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Assets, Liabilities and Equity explained in Hindi. What are Assets? What are Liabilities? What is Equity? How are they connected? Assets comprise of current assets and non current assets like fixed assets or tangible assets and intangible assets. Similarly, liabilities include current liabilities and non current liabilities. Equity is comprised of common equity and preferred equity. Related Videos: Equit vs Debt: https://youtu.be/5CWrpR6mcFw Asset & Types of Assets: https://youtu.be/P82pyHmX_BA Current Assets & Current Liabilities: https://youtu.be/6_ZPGktZIts Earnings Per Share (EPS): https://youtu.be/SDXp64flfJI एसेट्स, लाईबिलिटीज़ और इक्विटी को इस वीडियो में हिंदी में समझाया गया है। एसेट्स क्या होते हैं? लाईबिलिटीज़ क्या होती हैं? इक्विटी क्या होती है और ये तीनो एक-दूसरे से किस तरह कनेक्टेड हैं। Share this Video: https://youtu.be/4BhpDCAL62M Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What are the assets, liabilities, and equity? How to read a balance sheet of a company? How assets, liabilities, equity are related to each other? Are equity and net worth and net assets same? What is the meaning of retained earnings? What all information we get from a balance sheet of a company? How to analyze the balance sheet of any company? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Instagram - http://instagram.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Twitter - http://twitter.com/assetyogi Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Assets, Liabilities & Equity”
Views: 12636 Asset Yogi
Balance Sheet | Intermediate Accounting | CPA Exam FAR | Chp 5 p 1
 
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balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
ACCA P2 Property, plant and equipment (IAS 16) -  Revaluation increase
 
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ACCA P2 Property, plant and equipment (IAS 16) Free lectures for the ACCA P2 Corporate Reporting Exams
Views: 24717 OpenTuition
Current Assets on the Balance Sheet
 
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A video tutorial by PerfectStockAlert.com designed to teach investors everything they need to know about Current Assets on the Balance Sheet. Visit our free website at http://www.PerfectStockAlert.com
Views: 17153 Perfect Stock Alert
Accounting - Fixed Assets and Depreciation - Part 1 of 2 - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This is part 1 of an accounting tutorial on Fixed Assets and Depreciation. This lecture covers topics such as how to record the initial purchases of assets, what constitutes a fixed asset, how to record depreciation, and how to record the disposal of an asset. It also covers the depreciation methods of straight line, units of production, double declining balance, and a little bit about tax depreciation under the Modified Accelerated Cost Recovery System (MACRS.) It also covers depletion of natural resources and amortization of intangibles such as patents, trademarks, copyrights and goodwill.
Views: 51941 Christopher Severson
ACCA | F7- Financial Reporting | Tangible Non-Current Assets IAS 40 Part 1 | 2018
 
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In This Video were Talking About  Tangible Non-Current Assets IAS 40 From 📺 Watch !T 📡 Share !T 👍 Like !T 🤜 Subscribe ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Views: 110 Easy Learn ACCA
Disposal of non current assets
 
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The principles of disposing of non current assets, loss on disposal and gain on disposal at TCE Accounting level (Grade 12 Tasmania) More videos, tasks, quizzes, handouts and other resources can be found at https://meyerflippedlearning.com/#!/home
Views: 12854 Bernd Meyer
Accounting for Revaluations of PPE
 
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This video outlines how to account for PPE revaluations pursuant to AASB 116 Property, Plant and Equipment (please note that AASB 116 is equivalent to IAS 16 Property, Plant and Equipment). Published on 6/4/2014
Views: 80846 drdavebond
Understanding IGCSE Non Current Assets in a Vertical Balance Sheet
 
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This tutorial will teach you how to layout the Non-Current or Fixed Assets in a Vertical Balance Sheet. You will learn in which order the business' Machinery, FIxtures, Fittings, Land, Premises and Motor Vehicles are entered into the Non-Current Assets section. To download the handout please visit our website at http://www.igcseaccounts.com/.
Views: 1364 Dean Hoss
CIMA F1 IFRS 5 Non-current assets held for sale and discontinued operations
 
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CIMA F1 IFRS 5 Non-current assets held for sale and discontinued operations Free lectures for the CIMA F1 Financial Reporting and Taxation Exams CIMA Operational Level
Views: 5289 OpenTuition
Calculating Non-Current Assets to Net Worth  in Excel
 
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Download 33 Financial Ratios Template: http://www.officetodo.com/public/product/33-financial-ratios/ Non-current assets to net worth ratio shows the extent of company's investments into non-current assets. To calculate non-current assets to net worth ratio open your balance sheet and divide non-current assets with the total equity
Views: 963 OfficeToDo
What is FIXED ASSET? What does FIXED ASSET mean? FIXED ASSET meaning, definition & explanation
 
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What is FIXED ASSET? What does FIXED ASSET mean? FIXED ASSET meaning - FIXED ASSET definition &- FIXED ASSET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Fixed assets, also known as tangible assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed. IAS 16 (International Accounting Standard) defines Fixed Assets as assets whose future economic benefit is probable to flow into the entity, whose cost can be measured reliably. Fixed assets belong to one of 2 types: "Freehold Assets" - assets which are purchased with legal right of ownership and used, and "Leasehold Assets" - assets used by owner without legal right for a particular period of time. Moreover, a fixed/non-current asset can also be defined as an asset not directly sold to a firm's consumers/end-users. As an example, a baking firm's current assets would be its inventory (in this case, flour, yeast, etc.), the value of sales owed to the firm via credit (i.e. debtors or accounts receivable), cash held in the bank, etc. Its non-current assets would be the oven used to bake bread, motor vehicles used to transport deliveries, cash registers used to handle cash payments, etc. While these non-current assets have value, they are not directly sold to consumers and cannot be easily converted to cash. These are items of value that the organization has bought and will use for an extended period of time; fixed assets normally include items such as land and buildings, motor vehicles, furniture, office equipment, computers, fixtures and fittings, and plant and machinery. These often receive favorable tax treatment (depreciation allowance) over short-term assets. It is pertinent to note that the cost of a fixed asset is its purchase price, including import duties and other deductible trade discounts and rebates. In addition, cost attributable to bringing and installing the asset in its needed location and the initial estimate of dismantling and removing the item if they are eventually no longer needed on the location. The primary objective of a business entity is to make profit and increase the wealth of its owners. In the attainment of this objective it is required that the management will exercise due care and diligence in applying the basic accounting concept of “Matching Concept”. Matching concept is simply matching the expenses of a period against the revenues of the same period. The use of assets in the generation of revenue is usually more than a year, i.e. long term. It is therefore obligatory that in order to accurately determine the net income or profit for a period depreciation is charged on the total value of asset that contributed to the revenue for the period in consideration and charge against the same revenue of the same period. This is essential in the prudent reporting of the net revenue for the entity in the period. Net book value of an asset is basically the difference between the historical cost of that asset and its associated depreciation. From the foregoing, it is apparent that in order to report a true and fair position of the financial jurisprudence of an entity it is relatable to record and report the value of fixed assets at its net book value. Apart from the fact that it is enshrined in Standard Accounting Statement (SAS) 3 and IAS 16 that value of asset should be carried at the net book value, it is the best way of consciously presenting the value of assets to the owners of the business and potential investor.
Views: 7679 The Audiopedia
What Is A Non Fixed Asset?
 
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On line department guide to fixed assets montana state university definitions fixed, current, tangible, intangible the balance. Intangible assets and property, plant equipment are collectively called fixed 14 jul 2015 the accounting industry is centered on a basic equation liabilities owner's equity. They may also be referred to as property, plant and equipment. Html url? Q webcache. They are assets intended to this is a summary of the non current and any new bought, sold depreciation attached disposal 23 jul 2013 in accounting, fixed asset long term tangible. May 2015 university's investment in fixed assets (property, plant and equipment) non capital asset a with unit cost below the 7 nov 2016 learn about different types of (capital or assets, current, intensive businesses create wealth ways that do not. Fixed assets and noncurrent what are non fixed assets? Definition meaning asset definition ventureline. Definition of non fixed assets tangible items that are not physically attached to the building, like a shed on rental property asset is normally equipment and furnishings with an original purchase value less than some pre determined (e. What is non fixed assets? Black's law dictionarywhat the difference between assets and noncurrent asset wikipedia. Googleusercontent search. Fixed assets and noncurrent. A fixed 20 jun 2017 this topic provides information about assets depreciation for legal amounts to be posted the account non cost are jan 2015 a asset register far current is an accounting method used major resources of business or it can defined as 3 2013. Fixed assets definition the strategic cfofixed depreciation for poland finance and operations what are standard contents of a non current asset register youtube. What are the first category is called fixed assets equipment which usually attached and integral to building's function, although it might have a shorter life than that of building also known as non current long term. To fully non current liabilities on a balance sheet definition & examples. For example, a non attached garage or shed on property noncurrent assets are company long term investments where the full value will not be realized within accounting year. As an example, a baking fixed assets refers to the long term and tangible property that business owns in addition foregoing, non current or asset may also be are called assets, lived etc. Fixed assets are also called non current assets, long term or property, plant 10 may 2017 a fixed asset is an item with useful life greater than one reporting period, and which exceeds entity's minimum capitalization limit. Prepare schedules of non current (fixed) assets business studies. Examples of noncurrent assets include investments in other companies, intangible such as goodwill, brand recognition and intellectual property, plant equipment fixed are usually reported on the balance sheet. The difference between fixed and variable assets expert non current definition & examples video les
Views: 23 tell sparky
Other Current Assets on the Balance Sheet
 
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A video tutorial by PerfectStockAlert.com designed to teach investors and traders everything they need to know about other current assets on the balance sheet. Visit our free website at http://www.PerfectStockAlert.com
Views: 3271 Perfect Stock Alert
Balance Sheet, Cont'd: Current Assets, Long-Term Assets, Total Assets
 
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Brought to you by StratPad: Simple Business Plan App. Try it free at http://www.stratpad.com In this video, we'll dig deeper into the balance sheet and explore the assets section. You'll learn about the differences between current and long-term assets and how to calculate total assets. http://www.stratpad.com/financial-statements-made-easy-video-course/balance-sheet-current-assets-long-term-assets-total-assets/ Video Transcript So let's take a look at the assets section of the balance sheet. The assets section is commonly divided into two pieces: Current assets Long-term assets. Current assets are assets that can be turned into cash within a year — in a short period of time — and they include cash, of course, accounts receivable (also called AR: this is the amount of money that your customers owe you) and then inventory. Long-term assets include things like building and machinery. Alright, so let's put some numbers in so you can see how the assets section totals. Let's say that we have a total of $1,000 in cash. Our customers owe us a total of $5,000 and we've got $10,000 worth of inventory sitting on our shelves. We would then, for current assets, subtotal this ($1,000 plus $5,000 plus $10,000 is equal to $16,000 worth of current assets). Our building is worth $150,000 and I've got machinery in there worth another $25,000. I'm going to subtotal my long-term assets ($175,000). And then I'm going to subtotal and create my total assets ($191,000) and I got there by simply adding my $16,000 in current assets to my $175,000 in long-term assets. And then, of course, now I'm at the bottom of my financial statement and so I do a double-underline. My assets are $191,000. Next up — we'll do the liabilities and owner's equity.
Views: 15927 Alex Glassey
ACCA | F7- Financial Reporting |  Tangible Non-Current Assets IAS 40 Part 2| 2018
 
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In This Video were Continuing Tangible Non-Current Assets IAS 40 📺 Watch !T 📡 Share !T 👍 Like !T 🤜 Subscribe ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Views: 90 Easy Learn ACCA
Non Current Assets Held For Sale - The Underlying Concept
 
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The session discusses the relevance of Intentions while deciding about the accounting under IFRS for non current assets held for sale
Balance sheet CFA exam ch 4 p 1
 
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balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
CPA Exam Questions FAR | Balance Sheet | Statement of Financial Position | Intermediate Accounting
 
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balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
IAS 16 - IFRS Property, Plant & Equipment (Fixed Assets) 1 of 2
 
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An overview of the requirements of IAS16 (including reference to Ind AS) on Property Plant and Equipment. Part 1 of 2 Courtesy: The Institute of Computer Accountants (www.icajobguarantee.com)
Views: 101746 Vikash Goel
Balance Sheet:  Assets, Liabilities, and Equity - CPA FAR Review
 
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What do current assets include? Cash, cash equivalents, short-term investments, accounts receivable, other receivables, inventories, prepaids What do non-current assets include? Long-term investments, property, plant and equipment, intangibles, other long-term prepaids What do current liabilities include? accounts payable, accrued liabilities, unearned revenue, income tax payable, notes payable, current portion of long-term debt What is the current portion of long-term debt? the portion due within one year of the balance sheet date What do non-current liabilities include? Notes payable, bonds payable, lease liabilities, pension liabilities, postretirement health care liabilities, deferred taxes What is goodwill? Market Value of the firm Minus MV of the firm’s identifiable assets GW = Firm MV – Firm’s Id Assets MV Internally generated goodwill is expensed Total Owner’s Equity is also called Net Assets Typically, publicly traded company’s OE is significantly less than the market value (stock value) of the company
Views: 3878 Faithful Runner
Statement of financial position: Non-current assets & current assets
 
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A video outlining non current assets (A.K.A Fixed assets) and current assets that a business may have on their statement of financial information or balance sheet. This video is for students studying BTEC Finance Unit 3 at Level 3.
Views: 79 Mr Miles Harris
Business Activities: Operating, Investing and Financing (Financial Accounting Tutorial #4)
 
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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP In this tutorial we discuss the various business activities a company encounters on a day to day basis. The activities of any company can be sorted into either operating, investing or financing activities. Operating normally has to do with current assets/current liabilities or working capital along with expenses and revenues. Investing activities involve long term or non-current assets like the purchase and sale of capital assets like property or investments (some examples). Financing activities involve non-current liabilities and equity accounts. The issuance of more shares to raise cash or the issuance of a dividend or repayment of bonds are all prime examples. Watch the video to get a basic idea as to how business activities are split into these three sections! Leave a comment or question if you have any trouble understanding the concept! ** NotePirate is privately owned and exclusive to NotePirate.com** Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl Follow us on Twitter: http://twitter.com/notepirate
Views: 26222 Notepirate
Define Assets,Fixed Assets,Current Assets,Tangible Assets
 
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In this video we will Define Assets, In Urdu Types of Assets in Urdu ,Hindi Fixed Assets,Current Assets,Tangible Assets Intangible Assets Types of Natural Resources. which will be very informative for the students of b.com.MBA,CMA ,and CA. so kindly subscribe our channel,like and Comment. join us us on Face Book https://www.facebook.com/madamkausarofficial/ Visit tweeter https://twitter.com/KausarMadam
Views: 14260 Madam Kausar
Consolidation Entries for Property Transactions - Advanced Accounting
 
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How to adjust for intra-company sales of depreciable property (e.g. equipment/buildings or other non-current assets). Follow my t-account approach and this topic will be much easier for you.
Views: 4998 O'Reilly Accounting
Classifications of Assets and Liabilities
 
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Did you liked this video lecture? Then please check out the complete course related to this lecture, Advanced Accounting A Complete Studywith 450+ Lectures, 60+ hours content available at discounted price(10% off) with life time validity and certificate of completion. Enrollment Link For Students Outside India: https://bit.ly/2weNR0h Enrollment Link For Students From India: https://www.instamojo.com/caraja/advanced-accounting-a-complete-study-for-ca-/?discount=inyaacs4 Our website link : https://www.carajaclasses.com Course Description Welcome to this course Advanced Accounting A Complete Study for CA / CMA / CFA / CS Students. As the name says, this course is structured keeping in mind academic curriculum of Advanced Accounting Paper meant for CA IPCC / CMA Inter / CS / CFA Students. In this course, you will learn advanced Accounting topics like a) Branch Accounts b) Departmental Accounts c) Accounting for Royalties d) Accounting for Hire Purchase Transactions e) Self Balancing Ledgers f) Sectional Balancing Ledgers g) Accounting for Service Sectors, Project Accounting, etc. h) Accounting for Service Sectors like Software, ITES, Telecommunication, Entertainment, Hospital, Educational Institutions. i) Accounting for Special Transactions - Bill of Exchange j) Accounting for Special Transactions - Consignment k) Accounting for Special Transactions - Joint Venture l) Accounting for Special Transactions - Sale of goods on Approval or Return Basis m) Accounting for Special Transactions - Account Current n) Accounting for Special Transactions - Investment Accounts o) Accounting for Special Transactions - Insurance Claim (Loss of Stock and Loss of Profit) p) Accounting for Banking, Electricity and Insurance Companies. This course is structured in self paced learning style. Theoretical back ground for each and every topic will be explained followed by numerous case studies and most of them will be past examination tested problems. Take this course and gain complete understanding of Advanced Concepts in Accounting and prepare confident-ally for Professional Course Examinations.
Views: 14606 CARAJACLASSES
Current assets | Video 104
 
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http://www.openmarkets.com.au/ OpenMarkets Online Investment Module 4 Balance sheets: Current assets This video discusses the current assets section of the balance sheet. Visit the OpenMarkets Australia website to learn about how Australia's newest stock broker can help you invest with low brokerage fees and our innovative new WebTrader platform.
Classified Balance Sheet | Financial Accounting | CPA Exam
 
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Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ III. Classified Balance Sheet—organizes assets and liabilities into important subgroups and provides more information for decision makers. A. Classification Structure 1. One of the more classifications is the separation between current and noncurrent assets and liabilities. 2. Current items are expected to come due (either collected or owed) within the longer of one year or the company’s operating cycle. 3. An operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of those goods and services. B. Classification Categories 1. Current assets—cash or other resources that are expected to be sold, collected, or used within one year or the operating cycle, whichever is longer. Examples: cash, short term investments, accounts receivable, short-term notes receivable, merchandise inventory, and prepaid expenses. 2. Long-term investments—assets held for more than one year, that are not used in business operations. Examples: stocks, bonds, promissory notes, and land held for future expansion. 3. Plant assets—tangible, long lived assets that are used to produce or sell goods and services. Examples: equipment, buildings, land. 4. Intangible assets—long-term resources that benefit business operation. They lack physical form. Their value comes from the privileges or rights that are granted to or held by the owner. Examples: goodwill, patents, trademarks, franchises, copyrights. 5. Current liabilities—obligations due to be paid or settled within the longer of one year or the operating cycle. Examples: accounts payable, notes payable, wages payable, taxes payable, interest payable, unearned revenues, current portions of long term liabilities. 6. Long term liabilities—obligations that are not due to be paid within one year or the operating cycle of the business. Examples: notes payable, mortgage payable, bonds payable. 7. Equity—owner’s claim on assets. For a proprietorship it is reported in this section as the owner's capital account. In a corporation, equity is divided into two main subsections: capital stock and retained earnings.
Level I CFA: FRA Noncurrent Liabilities-Lecture 4
 
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2018 Reading 31 2019 Reading 30 This CFA exam prep video lecture covers: Financial statement impact of lease accounting for lessee Ratio impact of lease accounting Reporting by lessor Disclosures for finance and operating leases For the COMPLETE SET of 2018 Level I Videos sign up for the IFT Level I FREE VIDEOS Package: https://ift.world/free Sign-up to get all 2018 Detailed Level I Videos here: http://ift.world/free Subscribe now: http://www.youtube.com/user/arifirfanullah?sub_confirmation=1 For more videos, notes, practice questions, mock exams and more visit: https://www.ift.world/ Visit us on Facebook: https://www.facebook.com/Pass.with.IFT/
Views: 7032 IFT
5 - Current Assets
 
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Current Assets: Cash or any right that the company owns which can be turned into cash in the near future. - Cash and Cash equivalents (Cash in different currencies, Treasury bills, commercial papers, money market funds) - Short-term investments: A -- Debt Securities (Bonds, Guaranteed Investment Certificates, or redeemable preferred stocks) B -- Equity Securities (common, preferred, other capital stocks, or call and put options) - Net Accounts Receivables (AR -- Anticipated Discounts -- Allowance for bad debts) - Inventory *Treasurer cares about market or actual value at present. Useful links: http://en.wikipedia.org/wiki/Guaranteed_Investment_Certificate http://en.wikipedia.org/wiki/Certificate_of_deposit http://en.wikipedia.org/wiki/Time_deposit
Views: 1469 TreasuryOcean

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