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Edspira
United States
Registrace 7. 07. 2013
Edspira's mission is to provide a world-class business education for free.
All videos are created by Michael McLaughlin, PhD, CPA.
Michael is an award-winning university professor who went from teenage homelessness at age 17 to obtaining a PhD from Washington University in St. Louis. He then taught accounting full-time at Washington University in St. Louis, where he won every undergraduate teaching award for which he was eligible.
Michael's goal is to help other people achieve their dreams by making it easier for them to learn accounting and finance. He does this by creating video tutorials for Edspira, PDF guides for his email newsletter, and case studies in fraud for his podcast.
In his free time, Michael enjoys spending time outdoors with his wonderful wife. In 2012, Michael completed a 2,500-mile “Hike4Kids” to raise $15,000 for neglected and abused children.
All videos are created by Michael McLaughlin, PhD, CPA.
Michael is an award-winning university professor who went from teenage homelessness at age 17 to obtaining a PhD from Washington University in St. Louis. He then taught accounting full-time at Washington University in St. Louis, where he won every undergraduate teaching award for which he was eligible.
Michael's goal is to help other people achieve their dreams by making it easier for them to learn accounting and finance. He does this by creating video tutorials for Edspira, PDF guides for his email newsletter, and case studies in fraud for his podcast.
In his free time, Michael enjoys spending time outdoors with his wonderful wife. In 2012, Michael completed a 2,500-mile “Hike4Kids” to raise $15,000 for neglected and abused children.
Public Company Filing Requirements for the US
Public companies in the U.S. must file a number of forms with the Securities and Exchange Commission (SEC).
First, note that not all public companies have the same reporting requirements. Smaller public companies are required to make fewer disclosures, emerging market companies can make scaled disclosures, and foreign private issuers file different forms (e.g., a 20-F instead of a 10-K).
But here are the main filings required of public companies in the United States:
-Form 10-K is an annual filing that must be filed within 90 days of the company's fiscal year-end
-Form 10-Q is a quarterly filing that must be filed within 35 days of the end of the first, second, and third quarters
-Form 8-K must be filed within four business days of a material event (to disclose the resignation of a board member, the firing of the company's auditor, etc.)
*Note that Form S-1 is the initial registration statement that must be filed before a company goes public (IPO), and this filing must be made prior to the recurring filings listed above.
There are other forms (DEF14A proxy statements filed before a shareholder vote, Form 144 filings to disclose the sale of restricted or control securities, etc.) but the 10-K, 10-Q, and 8-K are of primary importance to investors.
-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
-
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* eepurl.com/dIaa5z
-
SUPPORT EDSPIRA ON PATREON
*www.patreon.com/prof_mclaughlin
-
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* edspira.thinkific.com
-
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: www.edspira.com/podcast-2/
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GET TAX TIPS ON TIKTOK
* www.tiktok.com/@prof_mclaughlin
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ACCESS INDEX OF VIDEOS
* www.edspira.com/index
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CONNECT WITH EDSPIRA
* Facebook: Edspira
* Instagram: edspiradotcom
* LinkedIn: www.linkedin.com/company/edspira
-
CONNECT WITH MICHAEL
* Twitter: Prof_McLaughlin
* LinkedIn: www.linkedin.com/in/prof-michael-mclaughlin
-
ABOUT EDSPIRA AND ITS CREATOR
* www.edspira.com/about/
* michaelmclaughlin.com
First, note that not all public companies have the same reporting requirements. Smaller public companies are required to make fewer disclosures, emerging market companies can make scaled disclosures, and foreign private issuers file different forms (e.g., a 20-F instead of a 10-K).
But here are the main filings required of public companies in the United States:
-Form 10-K is an annual filing that must be filed within 90 days of the company's fiscal year-end
-Form 10-Q is a quarterly filing that must be filed within 35 days of the end of the first, second, and third quarters
-Form 8-K must be filed within four business days of a material event (to disclose the resignation of a board member, the firing of the company's auditor, etc.)
*Note that Form S-1 is the initial registration statement that must be filed before a company goes public (IPO), and this filing must be made prior to the recurring filings listed above.
There are other forms (DEF14A proxy statements filed before a shareholder vote, Form 144 filings to disclose the sale of restricted or control securities, etc.) but the 10-K, 10-Q, and 8-K are of primary importance to investors.
-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
-
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* eepurl.com/dIaa5z
-
SUPPORT EDSPIRA ON PATREON
*www.patreon.com/prof_mclaughlin
-
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* edspira.thinkific.com
-
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: www.edspira.com/podcast-2/
-
GET TAX TIPS ON TIKTOK
* www.tiktok.com/@prof_mclaughlin
-
ACCESS INDEX OF VIDEOS
* www.edspira.com/index
-
CONNECT WITH EDSPIRA
* Facebook: Edspira
* Instagram: edspiradotcom
* LinkedIn: www.linkedin.com/company/edspira
-
CONNECT WITH MICHAEL
* Twitter: Prof_McLaughlin
* LinkedIn: www.linkedin.com/in/prof-michael-mclaughlin
-
ABOUT EDSPIRA AND ITS CREATOR
* www.edspira.com/about/
* michaelmclaughlin.com
zhlédnutí: 286
Video
How Long Does the IRS Have to Collect Money?
zhlédnutí 387Před 2 dny
The IRS can't come after a taxpayer for unpaid taxes forever. Once a tax deficiency has been assessed, the IRS has ten years from the date of the assessment to collect the tax, penalties, and/or interest per Section 6502 of the tax code. This time period is called the Collection Statute Expiration Date (CSED) and it can be extended if the taxpayer agrees to an installment agreement or if the IR...
How Long Does the IRS Have to Find You?
zhlédnutí 523Před 14 dny
The IRS generally can't come after taxpayers indefinitely to audit tax returns from prior years. Per Section 6501 of the tax code, the IRS has 3 years from the later of (1) the filing of a tax return or (2) the unextended due date of the tax return to assess a tax deficiency. However, if the taxpayer omitted gross income that exceeds 25% of the gross income reported, the statute of limitations ...
Comparing After-tax Rates of Return on Investments
zhlédnutí 543Před měsícem
Not all types of income are taxed at the same rate; income from certain investments is taxed at a preferential rate. Thus, when comparing investments, it's important to consider the after-tax return of the investment instead of simply looking at the before-tax return. The after-tax return is calculated as follows: after-tax return = before-tax return x (1 - marginal tax rate) For example, let's...
Effective Tax Rate vs Average Tax Rate
zhlédnutí 622Před měsícem
The average tax rate is calculated by dividing the total tax by taxable income: average tax rate = total tax / taxable income The effective tax rate, on the other hand, is calculated by dividing the total tax by TOTAL income, with total income including both taxable and nontaxable income: effective tax rate = total tax / total income The effective tax rate will be lower than the average tax rat...
Accounting for Transaction Processing Fees
zhlédnutí 686Před měsícem
When a company accepts payment by credit card, the company incurs a transaction processing fee from a payment processing network (Visa, MasterCard, etc.). Thus, if a customer makes a $100 purchase, the company won't receive the full $100 due to the transaction processing fee. Transaction processing fees (aka credit card fees or payment processing fees) are an operating expense and not a reducti...
Where to Find Dividends in the Financial Statements
zhlédnutí 702Před měsícem
When a company issues dividends, where will the dividends appear in the company's financial statements? -Dividends DECLARED will appear in the statement of stockholders' equity, because this statement shows changes in stockholders' equity accounts and dividends declared reduce retained earnings, which is a stockholders' equity account -Dividends PAID will appear as a cash outflow in the financi...
Journal Entry for Loan
zhlédnutí 1,3KPřed 2 měsíci
When a company borrows money by taking out a loan, the borrower debits the cash account (an asset) and credits either loan payable or note payable (a liability). The lender would debit loan receivable and credit the cash account. When interest is accrued on the loan, the borrower must record interest expense and credit interest payable (or credit the cash account if the interest is paid immedia...
When you get Dividends from Stocks
zhlédnutí 726Před 2 měsíci
There are multiple dates involved with dividends: the declaration date, the ex-dividend date, the record date, and the payment date. So when do you need to own the shares to be entitled to a dividend? And when do you actually receive the dividend? To be entitled to a dividend, you must own the shares when the markets close the business day BEFORE the ex-dividend date. The ex-dividend date is th...
How to Value Dividend Stocks
zhlédnutí 879Před 2 měsíci
Companies that have a long history of paying dividends can be valued using dividends-based valuation. The dividend discount model (DDM) estimates the intrinsic value of a company's common equity as the sum of all future dividends, discounted to their present value. The resulting figure is then divided by the number of common shares outstanding to obtain the estimated value of the company's comm...
Interest Received Journal Entry
zhlédnutí 1,2KPřed 2 měsíci
A company might receive interest from making a loan, purchasing an interest-bearing investment, or from having an interest-bearing bank account. In each situation, the company must (1) record interest revenue when interest is earned and (2) increase the cash account when interest is received. If the interest is earned and cash is received at the same time, then the company can simply debit the ...
Journal Entry for Late Payment Fees
zhlédnutí 803Před 3 měsíci
What happens when a company incurs a late payment fee for failing to pay a bill on time? It depends on the situation. For example, let's say a company purchased $100 of inventory on credit, and the company debited its Inventory account for $100 and credited Accounts Payable for $100 when it received the inventory. Later, if the company fails to pay its bill on time and incurs a late payment cha...
How to Reverse Engineer a Company's Share Price
zhlédnutí 1,7KPřed 3 měsíci
This video shows how to reverse engineer a company's share price using "Goal Seek" in Microsoft Excel. To "reverse engineer" a company's share price means to back out assumptions made by investors about the company's forecasted cash flows, growth rate, or cost of capital. For example, let's assume that you estimate the intrinsic per-share value of a company's equity using the Gordon Growth Mode...
Journal Entry to Record Cash Collected from a Customer
zhlédnutí 1KPřed 4 měsíci
This video shows the journal entry to record cash collected from customers in 3 different situations: (1) when a cash is made (cash is collected immediately when the sale is made) (2) when a credit sale is made (cash is collected at a later point in time) (3) when unearned revenue is recorded (cash is received, but revenue is not recorded) The journal entries for cash sales and credit sales are...
Journal Entry for Purchase of Inventory | Perpetual Inventory System
zhlédnutí 1,3KPřed 4 měsíci
This video shows how to record the journal entry for inventory purchases when inventory is purchased on account (a credit purchase) and when inventory is purchased for cash (a cash purchase). In both cases the inventory account is debited when inventory is acquired, but "Accounts Payable" is credited for purchases on account whereas "Cash" is credited when the inventory is immediately paid for ...
Career Prospects for Accounting Students
zhlédnutí 2,9KPřed 5 měsíci
Career Prospects for Accounting Students
How to Account for Restricted Stock Award
zhlédnutí 1,1KPřed 6 měsíci
How to Account for Restricted Stock Award
Accounting for Employee Share Purchase Plans
zhlédnutí 1,2KPřed 7 měsíci
Accounting for Employee Share Purchase Plans
Diluted Earnings Per Share | Convertible Preferred Shares
zhlédnutí 2,4KPřed 7 měsíci
Diluted Earnings Per Share | Convertible Preferred Shares
Postretirement Benefit Expense | Journal Entry
zhlédnutí 679Před 7 měsíci
Postretirement Benefit Expense | Journal Entry
How to Measure a Company's Postretirement Healthcare Benefit Obligation
zhlédnutí 746Před 8 měsíci
How to Measure a Company's Postretirement Healthcare Benefit Obligation
Accounting for Pensions vs. Other Postretirement Benefits
zhlédnutí 1,1KPřed 8 měsíci
Accounting for Pensions vs. Other Postretirement Benefits
How to Account for Early Retirement of Bonds
zhlédnutí 3,5KPřed 9 měsíci
How to Account for Early Retirement of Bonds
Your videos are awesome...but why use a black background?
Is the method you are following in this video applicable in 2024 too?
That moment you realise ABC is easy ,you just dumb
best explanation ever!
Appreciate your effort. that's what i was looking forrrr.. Thank you Sir
Thank you so much, I learned a lot, well explained
unfortunate that I only stumbled Edspira now, regardless I am glad that I did its never too late... was Bingeing alot of your videos and will say you are a qualified CPA and a qualified memer at the same time! now lets see if I get that soulmate soon and let me and her watch your videos together hahahaha.
wow
Listen at 1.25 x speed and it sounds better 😂
Thank you, It is very clear
Sir, Do banks have Working Capital? How does the concept of Working Capital Management apply to a bank?
Your videos helped me to understand how to keep my equations balanced. Hopefully, I can do well on my midterm. (2024)
Sir, Do banks have working capital? How does the concept of Working Capital apply to a bank? Is the Liquidity Coverage Ratio (LCR) the same as Current Ratio/Working Capital Ratio? It is difficult to calculate the working capital of a bank because a bank's balance sheet does not include typical current assets and liabilities.
can you explain the cons of deferment which interests are accrued and capitalized? Thanks.
Thank you so much ❤
Great explanation
Hey guys, Quick question... Trucks are tangible assets, so the appropriate term here is depreciation, not amortization right?? so shouldn't the journal entry be like the below??? 1) Depreciation expense a/c............DR To Accumulated depreciation a/c 2)Accumulated depreciation a/c...........DR To ROU Asset a/c somebody share your thoughts about this....
I'll practice financial accounting, managerial, and auditing in 1 week for my exam. I already have some basics but i think it's still the surface. I'll came back in 1 week to update the results
Thank you for this financial aid break down
What is the lender’s journal entry at the signing of the loan agreement but prior to the disbursement of funds?
LAST
Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!
Thanks ❤
Great video! One comment: it seems plausible that there could be an interaction between two or more of these variables. For example, it could be the case that due to the tax cut, a company changed its pricing strategy, which then affected its top line. However, the analysis result here seems to imply that, even if there had been no tax cut, revenue's share in the change in net income would have been the same, which I think is a bit of a logical leap. I would always at least check my conclusions against a company's 10-K if it's publicly listed.
Its 1+this TIMES 1+this is equal to this squared, not 1+this PLUS 1+this is equal to this squared. Sorry I hope that makes sense, thank you for the video though it helped a lot! Oh and I just realised you said it right the second time 🤣🤭
I have a question. My son has a business that started in 2021 as a SM LLC. In 2024, he converted to an S-Corp for tax purposes (he is the sole owner still). My question is: how do I calculate the starting basis for him for 2024? He has made money each of the 3 years and has no debt. He also started his business with some personal equipment that is still in use. Does the basis start at $0 in 2024? or do I account for what he contributed and made in the previous 3 years? thank you.
Thank you so much 🙏
As part of my acca journey, I'm learning MA. Could you suggest a book that would be beneficial to me for my MA?
Thank you so much!
best spent 8min in my costing journey
Thanks a lot. You are helping me begin my accountant journey 🤓
Is there not a single person on the face of the planet that can explain how you interpret the CAPM? What are all these videos? Over explaining the easy part but not a single video on an explanation of what the CAPM means in relation to the market.
thank you!!!!❤
You're welcome 😊
When will I get my money.And what way will I get my money.How long do I have to wait to get my money
what type of account billing ? is revenue ?
Gosh, this helped me so much
How about a VPK TEACHER
What is the JE for Interest Payment on 6.30.24?
You'll never know how helpful your teaching service is, for the ones who cannot afford quality education. Thanks for your efforts, love from India 🇮🇳
Your videos are super helpful!! Especially for someone who is not an accountant. It helps to understand the history behind things. Thanks!
this video is one piece of information repeated 100 times in different ways😂
so if they omit less than 25% of the Gross income, then in that case, they are protected by limitation.
Thanks so much for this breakdown!
They'll never find me 😏
thank you for making short video like this....to the point video no unnecessary information
Hi sir, tests of balances largely come from confirmation ?
You deserve more subscribers ❤ thanks for sharing your knowledge
How do you determine no of years?
hlo sri its me sujan from nepal can you help me.i want to study in USA .i want to study accounting and economic field can you said which course is better for me and bachlor of accounting good or bachlor of economic good can you help me and if i Bachlor of accounting course choose which filed i work avilable and bachlor of economic which field i choose can you helo me ple sir..
❤