Search results “Mining industry us gaap”
IFRS 6 - Exploration and Evaluation of Mineral Resources
IFRS 6 - Exploration and Evaluation of Mineral Resources is an accounting standard that is core to the understanding of accounting in the mining and oil and gas industries. This video is a summary of it and how to use it effectively in accounting.
Views: 9161 Michael Cooper
Francine McKenna: Many Publicly Traded Companies Using Alternative Metrics to Avoid GAAP Reality
Jason Burack of Wall St for Main St interviewed first time guest, forensic accountant and transparency reporter at MarketWatch.com, a Dow Jones publication, Francine McKenna http://retheauditors.com/ Francine's Market Watch articles can be found here https://www.marketwatch.com/topics/journalists/francine-mckenna and they also routinely appear in the Wall Street Journal. Francine has over 25 years experience working in consulting and as a forensic accountant including tenure working at 2 of the "Big 4" accounting firms. Francine is also now a professor of international business at the American University MBA program in Washington, DC. Francine has uncovered or helped uncover many accounting frauds of publicly traded companies. During this 50+ minute interview, Jason starts off by asking Francine about GAAP accounting. What is it? What does GAAP even mean? Jason then asks Francine why companies would try to skirt GAAP accounting and if Sarbanes-Oxley was supposed to have solved a lot of the problems with modern day accounting? 1) What General Electric Is Doing To Dodge The Question: "When Will GE File For Bankruptcy?" https://www.zerohedge.com/news/2018-11-03/what-general-electric-doing-dodge-question-when-will-ge-file-bankruptcy 2) GE Collapses To $8 Handle - Unchanged Since 1995 https://www.zerohedge.com/news/2018-11-09/ge-collapses-8-handle-unchanged-1995 Francine talks about why many publicly traded companies prefer to use "alternative metrics" to tell their investors a story (that they want to tell them) rather than the reality of their financial statements which are in SEC filings in the form of Qs and Ks. Francine has some very interesting insights when she talks about General Electric (GE), Berkshire Hathaway, Tesla Motors, a marijuana stock where she helped expose fraud and also the SEC cracking down on ICOs. To wrap up the interview, Jason and Francine discuss free cash flow, Chinese reverse mergers (featured in the China Hustle documentary) and if it's fair to criticize the Securities and Exchange Commission (SEC) for not trying to prosecute more executives for accounting fraud and other forms of fraud? Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 44 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
Views: 2312 WallStForMainSt
The metrics and numbers that most dividend investors are looking at are very misleading. I get this question all the time: Ian, why do you invest in dividend stocks with high PE ratios and horrible dividend payout ratios (paying out more dividends than they earn)? Through the lens of Johnson & Johnson (JNJ), my #1 favorite dividend stock of all time, today's video dives into some misleading GAAP EPS numbers and how I like to personally analyze this dividend stock (and other similar stocks in my portfolio). Let's first look at the wacky data that investors are pulling from Yahoo! Finance. * Price per share: $129.96 * TTM EPS: $0.57 * Dividend: $0.90 quarterly (or $3.60 per year) * PE Ratio of 228 (this metric alone throws most investors off) * Dividend payout ratio of 632% (this metric again throws most investors off) The reason the numbers above look so weird is Yahoo! Finance (and other websites) pull GAAP (Generally Accepted Accounting Principles) earnings. GAAP earnings are skewed for a few reasons: * Intangible amortization (amortizing patents and trademarks over time from acquisitions) * Special, one-time items * Tax charges (such as repatriation of dollar back into the US, a one time event) Because GAAP EPS is often misleading, I personally like to look at an Adjusted EPS. Thankfully, I'm able to pull an adjusted EPS directly from the source (JNJ's 10-Qs). When I pull adjusted, diluted EPS, I get a completely different result! * Adjusted diluted PE: 16.35 (arguably a great value) * Adjusted payout ratio: 45% (really conservative, and a reason JNJ is a favorite dividend stock of mine) Learn in today's video how to pull adjusted EPS numbers, completely reframing your dividend stock analysis. At the end of the day, bad numbers in = bad decisions out. And, good numbers in = good decisions out. As an investor, clean data is imperative so I make the right decisions and conclusions. If you are short on time, one hack is to look at the Yahoo! Finance "Analysis" tab for forward consensus estimates. Often, these do not include the tax reform one-time events, giving the investor cleaner data. Also learn about write downs. These are not good and are indicative of poor acquisitions. If there are a lot of write downs, I tend to favor an EPS in the middle (not GAAP but not adjusted either). Here's my entire dividend stock portfolio: https://www.youtube.com/watch?v=6S-7R8iihPk Want to learn more about Johnson & Johnson, my #1 favorite stock? Check out this video: https://www.youtube.com/watch?v=ZkgzdwAqPho Want to learn what I think about the recent JNJ controversy? Check it out: https://www.youtube.com/watch?v=2tqig5D3l8c Here are the dividend stocks I'm buying in 2019: https://www.youtube.com/watch?v=enp5hD9GsKE Let's connect on Instagram (I'm @ianlopuch): https://www.instagram.com/ianlopuch/ Disclosure: I am long Johnson & Johnson (JNJ), Apple (AAPL), and 3M (MMM). I own these stocks in my stock portfolio. Disclaimer: I'm not a licensed investment advisor, and PPC Ian videos, Excel files, guides, and content are just for entertainment and fun. PPC Ian videos, Excel files, guides, and content are NOT investment advice. Also, I'm not a tax advisor and PPC Ian videos, Excel files, guides, and content are NOT tax advice. Please talk to your licensed investment advisor before making any financial decisions. Please talk to your licensed tax advisor before making any tax decisions. All PPC Ian videos, Excel files, guides, and other content are (c) Copyright IJL Productions LLC. PPC Ian is a registered trademark (tm) of IJL Productions LLC.
Views: 10908 ppcian
Stock Market Investing Tips : Why Is GAAP Important to Financial Statements?
Financial statements in the United States are reported using GAAP principles so that full disclosure is provided to potential investors. Use the Generally Accepted Accounting Principles to understand the finances of a company with insight from a personal financial adviser in this free video on finances. Expert: Roger Groh Contact: www.grohasset.com Bio: Roger Groh is a personal asset manager, and the head of Groh Asset LLC. Filmmaker: Bing Hu
Views: 1478 eHow
Mining Permit Blues by Jim Viets
Mining Permit Blues by Jim Viets – Song launched in the Pilbara for National Mining and Related Industries Day, 22 November 2015. Jim Viets, lyrics and music Geoff Thompson, additional vocals Jim Kimo West, lead guitar, electric bass and audio engineering James Elliott Viets, video editing
Views: 1273 Roy Hill
Gold SUCKS?! ~ "20-Year Bull Market" for Stocks!
FIND MORE TRUTH EXPOSED and SCANDALS UNCOVERED: http://truth.themoneygps.com ********************************************************************* The Money GPS by David Quintieri featuring Bob Chapman, James Turk, and David Morgan. Look Inside the Book!: http://book.themoneygps.com Download My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com What you need to PREPARE for COLLAPSE: http://amazon.themoneygps.com ********************************************************************* Description: GOLD CLOSES OUT WORST YEAR SINCE 1981 Wall Street closes 2013 at records; best year in 16 for S&P, 18 for Dow 'We have entered a 15- to 20-year bull market' RETIREMENT UNLIKELY FOR SOME BLUE-COLLAR AMERICANS GAAP-Based Federal Budget Deficit Hit Record $6.6 Trillion in 2012 Sources: http://hosted.ap.org/dynamic/stories/U/US_COMMODITIES_REVIEW?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-12-31-16-40-01 http://www.nasdaq.com/markets/gold.aspx?timeframe=1y http://www.cnbc.com/id/101303244 http://www.cnbc.com/id/101301707 http://hosted.ap.org/dynamic/stories/U/US_AGING_AMERICA_BLUE_COLLAR_RETIREMENT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-12-31-20-03-44 http://www.shadowstats.com/article/no-500-special-commentary-us-government-gaap-based-2012-financial-data ********************************************************************* Look Inside TheMoneyGPS: http://book.themoneygps.com ********************************************************************* Download My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com ********************************************************************* The Tools I Use to PREPARE for COLLAPSE: http://amazon.themoneygps.com ********************************************************************* .
Views: 814 The Money GPS
Deals market overview
Learn more at PwC.com - http://pwc.to/198SqLq PwC Deals US Industries Leader Brian Levy discusses the perception vs the reality of the Deals market.
Views: 700 PwC US
Highlights from Aussie Mine 2015 - Going for Gold
Hear the highlights from Aussie Mine 2015: Going for Gold, PwC's industry and financial analysis of the largest 50 mining companies listed on the ASX with a market capitalisation of less than $5 billion at 30 June 2015 (the mid-tier 50). Download the report at http://www.pwc.com.au/amine
Views: 420 PwC Australia
Silver,, Cash Costs?  Huh!
Silver,, Cash Costs? Huh! After hearing David Morgan talk about the "cash cost" and "cash profit" of silver, and that those are "accounting terms" according to him, you have to conclude he is a b.s. slinger, to put it plain and simple. There are "Cash Flow Statements". There is also "Net Operating Margin (or Profit)". To run an operation, "bare-bones", you need to have the required cash coming in. Sources of cash can be from various sources, not just the sale of the product. Sale of capital assets could be a source of cash; long-term and short-term loans (borrowing) could be a source of cash and has nothing to do with the "net operating margin". Income Statements can be presented in several ways and still be in compliance with GAAP (Generally Accepted Accounting Principles). Typically, Net Operating Profit, will be shown and then after that Depreciation on Property, Plant & Equipment will be deducted, Taxes on Real Estate, Federal, State & Local, Tangible & Intangible, Interest Expense may be deducted After the Operating Margin. It should be noted that almost 50% of the operating costs for a typical mining operation are for fuel or energy. Mining is a very energy intensive operation. It is a POSTULATE that if oil costs spike, due to a conflict in one of the oil producing hot spots in the world, than Gold, Silver, Palladium and Platinum will also rise greatly. Proof of Spot Market Rigging in Oil, Silver & Commodities Oil & Silver - Better Proof of Spot Market Rigging http://www.youtube.com/watch?v=HUlJ2XFgeoQ Sam Zell's Investment Words of Wisdom. I personally very much like Sam Zell's common sense words of wisdom. Great stuff for all in any situation. http://www.youtube.com/watch?v=jWlLHirnGoM Putin the Tax Cat on Tax Havens http://www.youtube.com/watch?v=mXvb_YSbaL8 Palladium may be another investment many are missing. Palladium may turn out to be the best investment in the metals markets. Palladium is far rarer than gold and used heavily in industry. Very little Palladium is available for investment. http://www.youtube.com/playlist?list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih PALLADIUM, The Victorious Metal of the Future http://www.youtube.com/watch?v=7ByVhZC3-kw Palladium, Investment of the decade http://www.youtube.com/watch?v=tNZ6Fc7rPNo&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium, Big Risk-Big Reward http://www.youtube.com/watch?v=AeFRYZiBnDM&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium,, the Exalted Noble Metal http://www.youtube.com/watch?v=5lcnUcDQLBw&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Silver, Palladium, Prostitution & Industrial Hemp Update http://www.youtube.com/watch?v=atDNNdhMQ28&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih The devil with Palladium http://www.youtube.com/watch?v=5EBLQ4H5JQI&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium Update, The Russian Influence. http://www.youtube.com/watch?v=-xJdI11wXJk&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih 1979 Silver, Palladium, Platinum, Oil Spike,, a lesson http://www.youtube.com/watch?v=bU5issfoPMM&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium,,, deficit 2011 http://www.youtube.com/watch?v=CErbVcCj99o&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium & Platinum-Gold ratio http://www.youtube.com/watch?v=YJ4SyHFf1Lc&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium & Silver Suppression http://www.youtube.com/watch?v=brDcdVOxvv8&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih Palladium, the tinyest market http://www.youtube.com/watch?v=li7eWWRQSXc&list=PLDpJFvHzlW3LQjARxpWk3JjshVn_-HMih There may be a lot of talk and drama regarding the new fiat $100 bill. Actually anything can function as money. The key is that the money be issued without interest and the people have control over the money through Congress as laid out in the Constitution. See how Fiat money can sometimes greatly help the economy - when it gets in the hands of the PRODUCTIVE MIDDLE-CLASS: Local Currencies & the role of PD in the 3rd Industrial Revolution http://www.youtube.com/watch?v=jSrjUs3aWS8
Views: 1220 syyenergy7
John Rubino: Wall Street is Partying Like It's 2007
Jason Burack of Wall St for Main St interviewed returning guest, former top Wall Street investment analyst, and Co-Author (with James Turk) of Dollar Collapse and The Money Bubble, John Rubino https://dollarcollapse.com/. John also runs the popular Dollar Collapse website. Jason asks John why the US Dollar hasn't collapsed despite tens of trillions in central bank liquidity making the money bubble a lot larger since the 2008 financial crisis? Jason and John discuss the global macroeconomic situation along with why gold and silver have not performed while the valuations in other, more mainstream asset classes are soaring. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 39 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]
Views: 6835 WallStForMainSt
Surge: Become Your Industry's Big Kahuna by Mike Michalowicz
Escape the 9-5 and Build Your Freedom Business http://youwillneverworkagain.com/ Erlend Bakke, Author of the 1# International Amazon bestseller "Never Work Again" Get 30 mins Business Consulting on Outsourcing your Business Here: www.mroutsource.com Get the book here: http://www.amazon.com/Never-Work-Again-Less-Freedom-ebook/dp/B00F0OOE7Q Don't forget to like and subscribe! :) - - - - - - This week's Hardcore MBA guest is a good friend of mine who's written some of my favourite business books, including: - The Toilet Paper Entrepreneur (http://www.amazon.com/Toilet-Paper-Entrepreneur-tell---like-/dp/0981808204/ref=sr_1_4?ie=UTF8&qid=1464907758&sr=8-4&keywords=mike+michalowicz) - The Pumpkin Plan (http://www.amazon.com/Pumpkin-Plan-Strategy-Remarkable-Business/dp/1591844886/ref=sr_1_5?ie=UTF8&qid=1464907758&sr=8-5&keywords=mike+michalowicz)and - Profit First (https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B00L9SCJ56?ie=UTF8&keywords=mike%20michalowicz&qid=1464907758&ref_=sr_1_1&sr=8-1) He's Mike Michaolowicz, and on this week's podcast, he tells us about the principles underlying those books, and gives us the lowdown on his latest release, Surge (https://www.amazon.com/Surge-Marketplace-Consumer-Demand-Industrys-ebook/dp/B01D1Q6N32?ie=UTF8&keywords=Surge&qid=1464954341&ref_=sr_1_1&s=digital-text&sr=1-1) In the podcast, Mike and I discuss: - Why you should reverse the usual order of business and reserve the profit before the operating costs. - How a lack of resources can force your company to be more innovative. - The many ways in which business can be compared to surfing. - How to ride a wave of innovation, and how to know when you should dump one wave and hop onto another one. - And why Mike has his own rallying cry for what he wants to achieve. Mike is one of those guys who can see business principles in a whole host of seemingly mundane activities – for him, everything seems to illustrate lessons that businesses can learn. Because of that, this podcast absolutely flies by, like a good conversation should, and I strongly recommend you give it a listen. When you're done, don't forget to check out Mike's website (http://www.mikemichalowicz.com/) for free book chapters and other goodies. Did you pick up and tips or tricks from this week's podcast? Let us know in the comments. Rate, Review and Subscribe to Hardcore MBA on itunes:https://itunes.apple.com/us/podcast/hardcore-mba-podcast/id949330315?mt=2
Views: 509 Erlend Bakke
BYU-I A401 Codification in Oil Industry Part 1 of 2.wmv
A report on some of the GAAP rules for the oil & gas industry my group made for our A401 class.
Views: 71 Michael Corley
The Key To Understanding Financial Statements: Why We Like SBUX
Hedgeye Restaurants Sector Head Howard Penney recently gave a presentation entitled "Demystifying Financial Statements" at Rutgers Business School. In this excerpt from that presentation, Howard walks through what line items he cares about most when analyzing restaurant stocks. Using SBUX as an example, he breaks down Hedgeye's bull case
Views: 2872 Hedgeye
Financial Reporting Considerations for Oil & Gas Companies Webinar
This webinar presented by Hein & Associates is designed to provide you with financial reporting considerations for oil & gas companies including liquidity, going concern, debt classification, and impairments. Live Date: Wednesday, August 10, 2016 Length: 60 minutes Cost: Complimentary Download presentation: http://ow.ly/bj1530acggx Visit Hein & Associates at http://www.heincpa.com/ Subscribe to Hein & Associates on YouTube at https://www.youtube.com/Heincpa Like Hein & Associates on Facebook at https://www.facebook.com/heincpa Follow Hein & Associates on Twitter at https://twitter.com/heincpa Follow Hein & Associates on LinkedIn at https://www.linkedin.com/company/hein-&-associates Follow Hein & Associates on Instagram at https://www.instagram.com/heincpa/
Brent Johnson: The US Dollar Rally is Far From Over?
Jason Burack of Wall St for Main St interviewed returning guest, financial industry veteran and CEO of Santiago Capital http://www.santiagocapital.com/, Brent Johnson. Brent has also been covering the gold market as well as studying Austrian School Economics for many years. There were numerous problems with Zencastr recording on Brent's end so I apologize in advance. However, after speaking to Zencastr tech support they cannot be fixed. During this interview, Jason asks Brent about his US Dollar Milk Shake Theory, a US Dollar rally continuing, the global economy, other central banks and emerging markets in worse shape, the China economy and the gold market. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 44 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
Views: 4468 WallStForMainSt
Reporting on Oil Gas & Mining
Reporting on Oil Gas & Mining
Cryptocurrency Accounting
Elmer J. Howard covers the current tax environment when it comes to owning bitcoin, mining it, exchanging it, using it, etc. from an accounting perspective. https://clearbusinessdirectory.com/cryptoaccounting/ http://dandsbookkeeping.com/services/
Part of the TB in the Mining Sector in Southern Africa project, funded by the Global Fund.
Views: 18 NACOSANet
Oil & Gas Stock Pitch: How to Research and Present It
In this tutorial, you'll learn how to research, structure, and present an oil & gas stock pitch. More at http://www.mergersandinquisitions.com/oil-gas-stock-pitch/ You'll also learn how it's different from investment recommendations and stock pitches in other industries. We'll use Ultra Petroleum [UPL] as the example company, and present a SHORT recommendation based on a detailed analysis of their filings, investor presentations, and earnings call transcripts, along with a complex Net Asset Value (NAV) Model, based on individual wells drilled in different regions. Table of Contents: 1:19 The Structure of an Oil & Gas Stock Pitch 3:15 Investment Thesis 6:19 Catalysts 10:42 Valuation 13:38 Risk Factors 15:51 Why This Recommendation Was Wrong 19:25 Recap and Summary Investment Thesis Why is the company mis-priced? How does the market view it, and why is everyone else wrong? Here, we cite 3 reasons: 1. The company has overstated its average EUR per well in some regions, which means its reserves may be overstated or otherwise inaccurate. 2. Cutting capital expenditures (D&C Costs) and operating expenses (LOE) over time makes less of an impact on the company's implied value than they claim it does - being a low-cost producer is nice, but even substantial reductions over time don't boost the value by all that much. 3. Drilling in Pennsylvania may be stopped or reduced due to the company's JV partners, and the market hasn't yet factored in the chances of that happening and the impact on the company's implied value. Catalysts A few examples of potential catalysts: Oil & Gas-Specific: Reserve Reports / Drill Results, Well Drilling Schedules / Expanded or Reduced Drilling, Produce / No Produce Decisions, New Technology Deployment to reduce D&C Costs, Improved Well Spacing, Pipeline Developments, Hedging Contract Changes More Generic: Geographic Expansion, Acquisitions or Divestitures, Earnings Announcements, Competitors' Activities, Financing Activities For UPL, we use these 3 catalysts: 1. The close of the $650 million Uinta Basin acquisition. 2. The release of new reserve reports from the company's existing regions. 3. The possible halt to drilling in the Marcellus shale of Pennsylvania. For each one, we show the implied per share impact on the company based on the NAV model. Valuation We use the NAV model here, lay out our assumptions in the beginning, and then mostly focus on the OUTPUT of the model to avoid pasting in sheets and sheets of Excel. With the NAV Model, you split the company into existing production (PDP and PDNP) and new production (PUD, PROB, and POSS), make "high-level" estimates for the existing production, and assume a decline rate over time. For the others, assume that a certain # of new wells are drilled each year, assume that they start producing at a certain level and then decline to 0 over time, and then project the revenue, expenses, CapEx, and cash flow for each region and reserve type... Finally, you sum up everything at the end. The main point is to show that the assumption we're MOST uncertain of - EUR per well - makes a huge difference on the valuation... ...While other assumptions, such as the D&C Costs and LOE per well, make a smaller difference and so it doesn't matter much even if the company can reduce those costs. Risk Factors You can "reverse" the catalysts and ask, "What happens if this catalyst does NOT happen, or what if the results are different than expected?" Our top risk factors are: 1. The $650 million Uinta Basin acquisition fails to close. 2. Even if the acquisition does close, initial drilling reports might be positive and indicate higher-than-expected reserve levels. 3. Full drilling continues in the Marcellus shale as natural gas prices recover. 4. The company's improved well spacing pilots prove successful, and it is able to increase its effective EUR per well. So the first 3 are "reversals" of the catalysts, and we therefore also assess the implied per share impact from them. The last risk factor is more of an "X Factor" type of item that might cause the company's reserves to jump up dramatically if executed well. Why This Recommendation Was Wrong First off, gas prices spiked up to very high levels ($7.00 - $8.00) due to an unusually cold winter. That killed the "Short" recommendation since all oil & gas companies become more valuable when commodity prices spike up. Next, the company beat revenue and EPS consensus estimates twice in the past 6-7 months after this pitch; equity research analysts also upgraded their ratings on the stock. Finally, the stock had already fallen substantially in the past 2-3 years before this... so our timing wasn't great. How to Avoid Disaster: We recommended setting a buy-stop order at $23.00 - $24.00 / share to limit our losses. That would have limited our losses to ~25%.
Statement of Income / Comprehensive Income - IFRS - Intermediate Accounting I
This video covers a more comprehensive look at the Statement of Income / Comprehensive income at the Intermediate Financial Accounting I level. It goes beyond the introductory financial accounting statements to cover the specific standards under IFRS in Canada.
Views: 11316 Else Grech Accounting
IFRS Course | Diploma in IFRS from ACCA London | Ind AS Course | ifrs certification
IFRS Course by Expert. Appear for Diploma in IFRS Exam from ACCA London. Visit to learn more https://meraskill.com/ifrs?utm_medium=referral&utm_source=youtube&utm_campaign=ifrs_video&utm_content=summary WhatsApp 8692900017 What our course covers : Introduction IFRS IAS 1st time adaptation Formats of financial statement Income Group Revenue Recognition Asset Group PPE Lease Impairment Government Grants Borrowing cost Held for Sale Investment Property Intangible Assets Misc Topics Policy estimates errors Provision, Contingent Liability & Asset Adjustment events Related parties Inventory Income Taxes Agriculture Consolidation P&L Goodwill Intercompany transaction Consolidation Balance Sheet Statement of change in equity(SOCIE) Associates Joint Venture(JV) Separate Financial Statement Interim Financial Statement Financial Instrument Financial assets Financial liability Employee group Shares based payment EPS Employee benefit Operating Segment Advanced Topics, Discussion & Webinars IND AS Conversion Simplified List of IFRS IFRS 1 First-time Adoption of IFRS IFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance Contracts IFRS 5 Non-current Assets Held for Sale & Discontinued operations IFRS 6 Exploration for and Evaluation of Mineral Assets IFRS 7 Financial Instruments: Disclosures IFRS 8 Operating Segments IFRS 9 Financial Instruments IFRS 10 Consolidated Financial Statements IFRS 11 Joint Arrangements IFRS 12 Disclosure of Interests in Other Entities IFRS 13 Fair Value Measurement List of International Accounting Standards IAS 1 Presentation of Financial Statements IAS 2 Inventories IAS 7 Statement of Cash Flows IAS 8 Accounting Policies, Changes in Accounting Estimates & Errors IAS 10 Events After the Reporting IAS 11 Construction Contracts IAS 12 Income Taxes IAS 16 Property, Plant and Equipment IAS 17 Leases IAS 18 Revenue IAS 19 Employee Benefits IAS 20 Accounting for Government Grants and Disclosure of Government Assistance IAS 21 The Effects of Changes in Foreign Exchange Rates IAS 23 Borrowing Costs IAS 24 Related Party Disclosures IAS 26 Accounting and Reporting by Retirement Benefit Plans IAS 27 Separate Financial Statements IAS 28 Investments in Associates & Joint Ventures IAS 29 Financial Reporting in Hyperinflationary Economies IAS 31 Interests In Joint Ventures IAS 32 Financial Instruments: Presentation IAS 33 Earnings Per Share IAS 36 Impairment of Assete IAS 37 Provisions, Contingent Liabilities and Contingent Assets IAS 38 Intangible Assets IAS 39 Financial Instruments: Recognition and Measurement – Superseded by IFRS 9 effective 2015 IAS 40 Investment Property IAS 41 Agriculture MeraSkill is your Skill partner that provides Expert -led live Online classes for learners who want to learn from Industry experts in the field. Sessions are self-paced as well as Live. We provided learning material along with all our courses. IFRS & Ind AS topic are covered extensively in our IFRS & Ind AS Online course. For more information, please write to us at [email protected] Call or WhatsApp us at : +91 8692900017
Views: 7294 Mera Skill
General Electric Shareholder/Investor Class Action Investigation
On January 16, 2018, GE announced that “the comprehensive review and reserve testing for GECapital’s run-off insurance portfolio, North American Life & Health (NALH), will result in an after-tax GAAP charge of $6.2 billion for the fourth quarter of 2017.” GE further advised investors that “GE Capital expects to make statutory reserve contributions of ~$15 billion over seven years” and will suspend its dividend to GE for the “foreseeable future.” On this news, GE’s share price fell $1.43, or 7.62%, over the following two trading sessions, to close at $17.33 on January 17, 2018. GE's practices regarding revenue recognition etc. are now under investigation by the SEC.
SEC Chief Accountant, Wesley Bricker’s Remarks at The AICPA National Conference
SEC Chief Accountant, Wesley Bricker’s Remarks at The AICPA National Conference- Today is a special Lawcast reporting on the SEC Chief Accountant, Wesley Bricker’s remarks to the AICPA National Conference, which was held on September 17, 2018. Although as part of every speech, and in a separate stand-alone public release recently, the SEC reminds us that the views expressed by SEC staff in speeches and statements, do not bind the SEC and do not necessarily reflect the views of the SEC as a whole, I still find it important to know what the SEC top brass and leaders are thinking and willing to publicly say. Valid precedence or not, there are studies that show that the judiciary gives weight to these statements, as does market participants. Mr. Bricker begins by pointing out the obvious benefits of proper financial reporting and accounting standards including providing investors with confidence about a company and encouraging investment. When creating accounting standards and rules, the regulators must make sure that they provide investors, lenders, and others with information that is clear, useful, and relevant to their needs in making decisions, while considering whether the anticipated benefits of that information justify the costs of producing and using it. In that regard, Mr. Bricker recognizes the importance of the accounting community learning and keeping informed about technological innovations including digital assets such as tokens and coins. Taking a positive stance, Bricker states that “technology can be the ally of a company’s business and financial reporting activities, not their opponent. It follows that changes in technology need not work against investors and the public capital markets.” However, companies have an obligation to maintain appropriate books and records—regardless of whether distributed ledger technology (such as blockchain) smart contracts, and other technology-driven applications are (or are not) used. Likewise, the auditor of an issuer, broker-dealer, or investment adviser is required to determine the nature and extent of the audit procedures to perform based on the circumstances of the entity and the auditing standards applied. Until there are changes in existing standards, accountants and auditors should rely on existing fundamentals and accounting standards, including the requirements of the federal securities laws, such as those relating to books and records, internal accounting controls, internal control over financial reporting, and custody when accounting for or auditing financial statements that include digital assets. Companies with digital assets must ensure that their accounting staff has the knowledge and experience to be able to keep detailed and accurate books, records and accounts, and establish internal controls related to the digital assets. Importantly, since transactions using digital ledger technology can be anonymous, a company must have controls in place to ferret out related party transactions which must be specifically disclosed in financial statements, and are generally valued and accounted for differently than arm’s length transactions. Further, the company must be able to ascertain the value of a loss contingency in the event of a regulatory investigation and/or civil claims from investors related to digital assets. This requires keeping abreast of the numerous statements and enforcement proceedings by state and federal regulators. External auditors also have a huge responsibility where a company has digital assets and should carefully consider their obligations. Auditors should pay attention to the “tone at the top in the company, including the commitment to integrity, compliance, and competency” and the auditors own competency to “adequately identify and assess risks, design, and execute appropriate audit procedures and obtain sufficient, appropriate audit evidence.” Likewise an auditor must be able to recognize and report illegal acts. Where a company has an audit committee it has an obligation to select an auditor that can properly fulfill its duties.
IFRS developments in the US:  The PwC point of view
Learn more at PwC.com - http://pwc.to/19HD51H PwC Partner David Schmid discusses the path of adoption of IFRS and where the US currently stands.
Views: 3473 PwC US
Goal Setting and Achieving Success
This past month, we attended the Beta Alpha Psi (BAP) Annual Meeting in Anaheim, California! Every year we're proud to partner with this fantastic organization that provides accounting students with everything they need to jump start their accounting careers. This year, Roger Philipp, CPA, CGMA, was asked to present a session on how to set goals and achieve success. We had a great turn out and met with many accounting students from different colleges and universities across the nation. It was an honor to be able to present at the BAP Annual Meeting and it was a pleasure meeting everyone. Luckily, if you weren't able to attend or aren't yet a BAP member, we captured Roger's presentation on video! Watch it to see what Roger's best recommendations are to set realistic goals and achieve success. Download Presentation: https://www.rogercpareview.com/sites/default/files/learning-center/BAP-Annual-Setting-Goals-Achieving-Success-2017.pdf Try us for free today! https://www.rogercpareview.com/cpa-courses/free-trial Connect with us: Website: https://www.rogercpareview.com Blog: https://www.rogercpareview.com/blog Facebook: https://www.facebook.com/RogerCPAReview Twitter: https://twitter.com/rogercpareview LinkedIn: https://www.linkedin.com/company/roger-cpa-review Are you accounting faculty looking for FREE CPA Exam resources in the classroom? Visit our Professor Resource Center: https://www.rogercpareview.com/professor-resource-center/
Views: 1062 Roger CPA Review
Should Investors Be Taking Cryptocurrencies Seriously?
Are cryptocurrencies still compelling long-term investments? In this episode of Industry Focus: Financials, host Jason Moser interviews The Motley Fool’s cryptocurrency expert Aaron Bush to find out the answer. Plus, Moser and Fool.com contributor Matt Frankel, CFP discuss earnings from fintech favorite Square (NYSE: SQ), The Motley Fool’s new personal finance brand The Ascent, as well as two stocks that are on their radar this week. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 698 The Motley Fool
Principle-Based Reserves
Learn more about research and insights on principle-based reserves (PBR).
Views: 310 SocietyofActuaries
KPMG Partner Expects Leasing to Continue After Implementing New Reporting Standard
Kimber Bascom, partner in the KPMG Department of Professional Practice, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix. Bascom downplayed concerns that the new leases standard will end leasing activity. “There are many good reasons why leasing activity will continue to go on even after the accounting standards change,” he said. Some lessees lease for tax reasons, Bascom said. Bascom also noted that leasing provides flexibility to lessees and gives them access to properties that they otherwise wouldn’t be able to purchase on their own. “There’s a scale and access issue that will continue to exist after the standards change,” he said. However, the new standard will still impact the industry, according to Bascom. “As the accounting standards change, there is likely to be more focus on the economics of these transactions as a result of the fact that lessees are going to put them on balance sheets,” he said. Lessors might face more pricing pressure, for instance, Bascom said. Lessees also might ask lessors to structure transactions differently to accommodate their balance sheets. Overall, lessors will likely be the least impacted by the accounting changes, according to Bascom. “Lessors of real estate, in particular, should be very happy with the extent of the minimal changes that they’re going to have to deal with in the new accounting standards,” he said. According to Bascom, other issues that could materially impact the REIT industry include the Financial Accounting Standards Board’s (FASB) project on how to define a business. “That could affect the way that people who transact with real estate properties account for those transactions,” he said. 4/14/2015 | By Allen Kenney
Views: 196 Nareit1
LinkedIn Q3 Earnings Beat Street, Stock Up
LinkedIn Q3 Earnings Beat Street, Stock Up in "After Hours Trading" LinkedIn posted GAAP earnings per share (EPS) of two cents per share, down from its second quarter GAAP earnings of 3 cents per share and its net loss of 2 cents per share in Q3 2011. On a non-GAAP basis, LinkedIn's EPS was 22 cents, up from Q2′s non-GAAP EPS of 16 cents and Q3 2011′s non-GAAP EPS of 6 cents per share. Visit us at http://www.StockMarketFunding.com to learn more! Please like, share, subscribe & comment! FREE High-Frequency Trading Seminar - RESERVE YOUR SEAT http://highfrequencytradingseminar.eventbrite.com/ Subscribe to our channel for a daily videos: http://www.youtube.com/subscription_center?add_user=StockMarketFunding Follow us on Facebook: http://www.facebook.com/OnlineTradingPlatform Follow us on Twitter https://twitter.com/TradeEducation Find Us on Google +1 http://gplus.to/TradingStocks Join us on Linkedin http://www.linkedin.com/groups/Pro-Traders-1143227 Other Links Verified Trading Profits http://profit.ly/user/StockMarketFunding/trades Free Trial Signup http://onlinetradinginvesting.eventbrite.com Video RSS Feed http://feeds.feedburner.com/tradereducation Trading Community (Free to Join) http://www.DailyStockCharts.com Tags: "stock market trading" "online stock market" "trading school" "technical analysis course" "market trading" "learn stock market" "stock trading" "Linkedin Earnings" "LNKD Earnings" "Stock Market Trading"
Child Rights film fest Kallol inaugurated
Odishatv is the leading news channel in Odisha. Our Website https://odishatv.in/ Watch Live: http://live.odishatv.in/ SUBSCRIBE to OTV channel https://goo.gl/Ehz6OP Like us on Facebook https://www.facebook.com/otvnews Circle on G+ google.com/+otvodisha Follow us on Twitter https://twitter.com/otvnews Follow us on Instagram https://www.instagram.com/otvnews/
Views: 132 OTV
Blockchain and Compliance - Joeseph Ciccolo
Nexus Embassy Conference 2017 at the Aspen Meadows, home of the Aspen Institute. Blockchain and Compliance - Joeseph Ciccolo Joe Ciccolo is an accomplished expert in building and implementing successful BSA/AML programs for traditional and non-traditional financial institutions offering a variety of banking products and services. Following 10+ years in legacy bank compliance, Joe founded BitAML, a regulatory compliance advisory group devoted exclusively to helping bitcoin startups and innovators leveraging blockchain technology. BitAML allows him to share his subject matter expertise with those that share his passion for digital currency and all the potential it holds for the future. Joe is a frequent guest speaker at both bitcoin and blockchain conferences. He also meets regularly with traditional bankers, and volunteers his time and talents with the non-profit Blockchain Education Network.
Views: 157 Nexus Earth
There Will Be No Economic Recovery. Prepare Yourself Accordingly.
Everything you need to know that the media is not telling you... Stefan Molyneux, host of Freedomain Radio - and winner of the 2012 Liberty Inspiration Award - breaks down the unspoken facts about the end of freedom, opportunity and trade in the modern United States. There will be no economic recovery, prepare yourself accordingly. Sources: http://www.fdrurl.com/endus Freedomain Radio is 100% funded by viewers like you. Please support the show by signing up for a monthly subscription or making a one time donation at: http://www.fdrurl.com/donate Bitcoin Address: 1Fd8RuZqJNG4v56rPD1v6rgYptwnHeJRWs Get more from Stefan Molyneux and Freedomain Radio including books, podcasts and other info at: http://www.freedomainradio.com Stefan Molyneux's Social Media Facebook: https://www.facebook.com/stefan.molyneux Twitter: https://twitter.com/stefanmolyneux Google+: https://www.google.com/+StefanMolyneux_Freedomain_Radio Linked In: http://www.linkedin.com/pub/stefan-molyneux/5/72a/703 Freedomain Radio Social Media Facebook: https://www.facebook.com/Official.Freedomain.Radio Twitter: https://twitter.com/freedomainradio Google+: https://www.google.com/+FreedomainradioFDR LinkedIn: http://www.linkedin.com/company/freedomain-radio Message Board: http://board.freedomainradio.com Meet-Up Groups: http://www.meetup.com/Freedomain-Radio/ Blogspot: http://freedomain.blogspot.com/ iTunes Podcasts: https://itunes.apple.com/us/podcast/freedomain-radio!-volume-6/id552010683
Views: 963551 Stefan Molyneux
How The RICH Make MONEY & How To Build WEALTH. Can You Become A Millionaire With $500/Month?
How the rich people make money? Why do the rich get richer & how to build wealth for your future? I discuss the power of saving, strategy, investing & compounding. Why is cash a bad asset & how to become a millionaire while working a normal job. I illustrate this with the simple Warren Buffet investment strategy to compound gains in S&P500. Become Entiversal and support the channel on Patreon: https://www.patreon.com/entiversal. Get amazing REWARDS (investments discussions, code examples, mindset talks, designs & more) & help me create more! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ WATCH: Ray Dalio: The Next CRASH Causes & What Should You Do. Ray Dalio on The Economy: https://www.youtube.com/watch?v=sxGKcnvdglI&t=387s&index=2&list=PLshaM8q_ZyC4PYJYcfQ7aIDcftzvFU6mj Videos on BUSINESS, INVESTING, ENTREPRENEURSHIP PLAYLIST: https://www.youtube.com/playlist?list=PLshaM8q_ZyC5b3diiF-d1PlvGKAQAFDL7 MORE SUCCESS MINDSET VIDEOS. Learn From the Best in your Field. Playlist: https://www.youtube.com/playlist?list=PLshaM8q_ZyC4PYJYcfQ7aIDcftzvFU6mj Ray Dalio - How The Economy Machine Works: https://www.youtube.com/watch?v=PHe0bXAIuk0 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ RAY DALIO - Principles: Life and Work: US - https://amzn.to/2NKuLWM UK - https://amzn.to/2CH64JJ GARY VAYNERCHUK - Crushing It!: How Great Entrepreneurs Build Their Business and Influence-and How You Can, Too: US: http://amzn.to/2DT6Ctr UK: http://amzn.to/2jG59B3 SIMON SINEK - Leaders Eat Last: US - http://amzn.to/2EYwe7B UK - http://amzn.to/2yAg80Z ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ SUBSCRIBE FOR MY PODCASTS on your favorite platform!: https://anchor.fm/entiversal SPOTIFY: https://open.spotify.com/show/7ensEidwWRlQGERdwJyIdM ITUNES: https://itunes.apple.com/us/podcast/entiversal/id1361255782 GOOGLE PLAY: https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy8yZTgyNmJjL3BvZGNhc3QvcnNz ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ GET 2 FREE Audiobooks With A 30 Day FREE Audible Trial On Amazon: US - https://amzn.to/2yiYdOH UK - https://amzn.to/2QQADzG START YOUR OWN WEBSITE 50% OFF: https://www.bluehost.com/track/entiversal/ GET 30 Day FREE Amazon Prime with unlimited streaming of Movies, Shows & Music + FREE One-Day Delivery: US - https://amzn.to/2NMz6c1 UK - https://amzn.to/2PDDqf6 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Entiversal is the sanctuary of Learning. Join me in exploring: The Success Mindset, Technology & Science, Investing & Entrepreneurship. Our Mission: Inspire Creativity, Build Mindset, Give Knowledge, Quality Entertainment, Drive Success. Our Values are: Virtue, Creativity, Wisdom. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Are you ENTIVERSAL? SUBSCRIBE for more: https://www.youtube.com/c/Entiversal?sub_confirmation=1 FOLLOW US: PATREON: https://www.patreon.com/entiversal FACEBOOK: https://www.facebook.com/Entiversal.Media/ INSTAGRAM: https://www.instagram.com/entiversal_media/ PODCAST: https://anchor.fm/entiversal Website: Entiversal.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ SHARE: Are you ready to save in order to build wealth? REMEMBER: Warren Buffet says that the most important tool of the middle-class is their savings power over time, which with investing and compounding can build financial freedom. If you enjoy personal finance, business & investing topics - make sure to SUBSCRIBE & click the ring-bell for more great videos!
Views: 259 Entiversal
Asset Management - IFRS Where have we come from? Where are we now?
On Wednesday, November 12, 2014, we held our 'Hot Topics for the Asset Management industry' webinar, where we provided an update on the latest IFRS developments, including new and revised standards effective in 2014 and beyond. The presentation also included commentary on preparation for 2015.
Views: 247 PwCCanada
Government directives on work safety too costly for small industries
The ongoing effort by the Ministry of Labour to enforce occupational safety audits particularly among Small and Medium Enterprises is eliciting mixed reactions. The Uganda Small Scale Industries Association USSIA, now says that the 2 month deadline given by the Ministry to institute better workplace related safety measures is not feasible and that it would instead add to their operational costs by way of fines. For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda
Views: 286 NTVUganda
CFAP AAFR Lecture 13 - Consolidation of financial statements, Lecture 04, IFRS 10, IFRS 11, IFRS 12
CFAP AAFR Lecture 13 TOPIC: Consolidation of financial statements, Lecture 04 "IFRS 10, IFRS 11 and IFRS 12 are three International Financial Reporting Standards promulgated by the International Accounting Standards Board providing accounting guidance related to consolidation and joint ventures." SUBJECT: CFAP 1 Advanced Accounting and Financial Reporting OBJECTIVE: To develop an in-depth understanding of, and the ability to apply the requirements of international pronouncements, the Companies Act, 2017 and other applicable regulatory requirements in respect of financial reporting and the presentation of financial statements. A PRESENTATION OF FINANCIAL STATEMENTS INCLUDING PUBLIC SECTOR ACCOUNTING 1. Presentation of financial statements (IAS 1, IAS 7 and Companies Act, 2017) 2. IAS 27: Separate financial statements 3. IFRS 10: Consolidated financial statements 4. IAS 28: Accounting for associates and joint ventures 5. IFRS 11: Joint arrangements 6. IFRS 12: Disclosure of interests in other entities 7. IAS 34: Interim financial reporting 8. IAS 29: Financial Reporting in Hyperinflationary Economies 9. IFRS 5: Non-current assets held for sale and discontinued operations 10. IFRS 8: Operating segments 11. Overview of IPSASs and the conceptual framework for general purpose financial reporting by public sector entities 12. IPSAS 1 Presentation of financial statements 13. IPSAS Financial reporting under the cash basis of accounting (this IPSAS has not been given any number). B FINANCIAL REPORTING AND ETHICS a. Financial reporting 1. The Conceptual Framework for the preparation and presentation of financial statements 2. IFRS 1: First-time adoption of international financial reporting standards 3. IFRS 2: Share-based payment 4. IFRS 3: Business combinations 5. IFRS 4: Insurance contracts 6. IFRS 6: Exploration for and evaluation of mineral resources 7. IFRS 7: Financial instruments: disclosures 8. IFRS 9: Financial Instruments 9. IFRS 13: Fair value measurement 10. IFRS 14: Regulatory deferral accounts 11. IFRS 15: Revenue from contracts with customers 12. IAS 2: Inventories 13. IAS 8: Accounting policies, changes in accounting estimates and errors 14. IAS 10: Events after the reporting date 15. IAS 12: Income Taxes 16. IAS 16: Property, plant and equipment 17. IFRS 16: Leases 18. IAS 19: Employee benefits 19. IAS 20: Accounting for government grants and disclosure of government assistance 20. IAS 21: The effects of changes in foreign exchange rates 21. IAS 23: Borrowing costs 22. IAS 24: Related party disclosures 23. IAS 32: Financial instruments: Presentation 24. IAS 33: Earnings per share 25. IAS 36: Impairment of assets 26. IAS 37: Provisions, contingent liabilities and contingent assets 27. IAS 38: Intangible assets 28. IAS 39: Financial instruments: recognition and measurement 29. IAS 40: Investment property 30. IAS 41: Agriculture 31. IFRIC 1: Changes in existing decommissioning, restoration and similar liabilities 32. IFRIC 2: Members’ shares in co-operative entities and similar instruments 33. IFRIC 5: Rights to interests arising from decommissioning, restoration and environmental rehabilitation funds 34. IFRIC 6: Liabilities arising from participating in a specific market – waste electrical and electronic equipment 35. IFRIC 7: Applying the restatement approach under IAS 29 financial reporting in hyperinflationary economies 36. IFRIC 10: Interim financial reporting and impairment 37. IFRIC 12: Service concession arrangements 38. IFRIC 14: IAS 19 – The limit on a defined benefit asset, minimum funding requirements and their interaction 39. IFRIC 16: Hedges of a net investment in a foreign operation 40. IFRIC 17: Distributions of non-cash assets to owners 41. IFRIC 19: Extinguishing financial liabilities with equity instruments 42. IFRIC 20: Stripping costs in the production phase of a surface mine 43. IFRIC 21: Levies 44. SIC 7: Introduction of the euro 45. SIC 10: Government assistance – no specific relation to operating activities 46. SIC 25: Income taxes – changes in the tax status of an enterprise or its shareholders 47. SIC 29: Disclosure – service concession arrangements 48. SIC 32: Intangible Assets – web site costs b. Ethics 1. Professional misconduct under the Chartered Accountants Ordinance 1961 2. Code of Ethics issued by the Institute of Chartered Accountants of Pakistan C SPECIALISED FINANCIAL STATEMENTS 1. Small and medium sized entities 2. Banks 3. Mutual Funds 4. Insurance Companies 5. IAS 26: Accounting and reporting by retirement benefit plans 6. Overview of Islamic accounting standard issued by ICAP Please subscribe to this channel for more videos click https://www.youtube.com/c/FutureCharteredAccountant?sub_confirmation=1 Visit my website https://www.taxaam.com #TAXAAM #ICAP #CA Final #CFAP 1
Financial instruments PFRS for SME's
This is a summary of the topic "PFRS for SME's; Basic Financial Instruments". It covers basic knowledge over Financial Instruments and how they are initially and subsequently measured based on Philippine Financial Reporting Standards for Small and Medium Enterprises. For questions regarding the book referred to, Financial Accounting Vol 3. - Conrado P. Valix For Background Music, "Sexual" instrumental by Neiked (not mine) found it on youtube and now I can't find it so I can not refer you to the channel :( (will look for it though)
Views: 756 Karin Steinl
IBM Has Third Straight Good Quarter
AP images IBM IBM 145.36 1.96 (+1.40 %) Disclaimer Get real-time IBM charts here " IBM reported its Q2 2018 earnings on Wednesday. Here's what the company reported: Revenues (GAAP) for the quarter were $20 billion. Analysts expected $19.88 billion. Earnings per share for the quarter (adjusted) were $3.08. Analysts expected $3.04. Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. http://www.businessinsider.com/ibm-q2-2018-earnings-revenues-analysis-2018-7 http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 62 Wochit Business
Aerospace and Defense Business Simulation - Financial Statements
PriSim Business Simulations video-overview of financial reporting for aerospace and defense companies. The video reviews the three financial statements that A&D companies use to report on the performance of their business: 1. Income Statement -- which gives detail regarding the last period's Revenues, Costs, and Profits. 2. Balance Sheet -- which gives detail regarding what the company's assets, liabilities, and equity are at a point in time. 3. Cash Flow Statement -- which gives detail regarding where the company obtained and used cash. PriSim works with aerospace and defense companies worldwide delivering business training courses that utilize custom, computerized business simulations. To learn more about PriSim Business Simulations for the Aerospace and Defense Industry visit http://www.prisim.com/industries/aerospace-defense/
Basic Elements of the Financial Statement: The Balance Sheet
An overview of the balance sheet, one of the basic elements of financial statements. Useful in life insurance underwriting and in financial analysis.
What is HEDGE ACCOUNTING? What does HEDGE ACCOUNTING mean? HEDGE ACCOUNTING meaning & explanation
What is HEDGE ACCOUNTING? What does HEDGE ACCOUNTING mean? HEDGE ACCOUNTING meaning - HEDGE ACCOUNTING definition - HEDGE ACCOUNTING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Hedge accounting is an accountancy practice. All entities are exposed to some form of market risk. For example, gold mines are exposed to the price of gold, airlines to the price of jet fuel, borrowers to interest rates, and importers and exporters to exchange rate risks. Many financial institutions and corporate businesses (entities) use derivative financial instruments to hedge their exposure to different risks (for example interest rate risk, foreign exchange risk, commodity risk, etc.). Accounting for derivative financial instruments under International Accounting Standards is covered by IAS39 (Financial Instrument: Recognition and Measurement). IAS39 requires that all derivatives are marked-to-market with changes in the mark-to-market being taken to the profit and loss account. For many entities this would result in a significant amount of profit and loss volatility arising from the use of derivatives. An entity can mitigate the profit and loss effect arising from derivatives used for hedging, through an optional part of IAS39 relating to hedge accounting. A specific type of hedging transaction that entities can engage in aims to manage foreign currency exposure. These hedges are undertaken for the economic aim of reducing potential loss from fluctuations in foreign exchange rates. However, not all hedges are designated for special accounting treatment. Accounting standards enable hedge accounting for three different designated forex hedges: A cash flow hedge may be designated for a highly probable forecasted transaction, a firm commitment (not recorded on the balance sheet), foreign currency cash flows of a recognized asset or liability, or a forecasted intercompany transaction. A fair value hedge may be designated for a firm commitment (not recorded) or foreign currency cash flows of a recognized asset or liability. A net investment hedge may be designated for the net investment in a foreign operation. The aim of hedge accounting is to provide an offset to the mark-to-market movement of the derivative in the profit and loss account. For a fair value hedge this is achieved either by marking-to-market an asset or a liability which offsets the P&L movement of the derivative. For a cash flow hedge some of the derivative volatility into a separate component of the entity's equity called the cash flow hedge reserve. Where a hedge relationship is effective (meets the 80%–125% rule), most of the mark-to-market derivative volatility will be offset in the profit and loss account. To achieve hedge accounting requires a large amount of compliance work involving documenting the hedge relationship and both prospectively and retrospectively proving that the hedge relationship is effective.
Views: 8112 The Audiopedia
Mechel to Pay Dividends Based on 2009 Fiscal Year Results; Shares Rise 5.51%
Mechel OAO (MTL), announced today the payment of dividends (including taxes) of approximately $29.9 million as of Dec. 31, 2010 or 910,223,721.05 Russian Rubels, based on the company's results for the 2009 fiscal year. The company has allocated the amount for its annual dividend payment to shareholders for the 2009 fiscal year, which is approximately 40% of the company's net profit for 2009, according to US GAAP. Shares are up 5.51% to $33.69, an increase of $1.76.
Views: 109 FinancialNewsOnline
Accounting giant PwC accepts first bitcoin payment  (05.12.2017)
Bitcoin continues to grow, heading to the all-time high after the collapse. On Monday, the cryptocurrency sank by almost $1,000, falling below $11,000. Today, bitcoin is close to $11,690. The cryptocurrency is supported by the news that one of the world's largest international audit companies had accepted the first payment in virtual money for its advisory services. For many market participants, this served as a signal that now bitcoin can be used by other ‘Big Four’ accounting firm. However, most experts think differently. Nevertheless, the Hong Kong office of the company accepted payment in virtual currency. Gradually, global financial institutions one by one change their minds about the cryptocurrencies. That's why virtual currencies continue to grow in popularity among market participants. Moreover, now investors also pay attention to Ethereum. Today the cryptocurrency is also recovered after the decline and is trading at $464.59. However, many successful investors say that the cryptocurrency market is just a bubble. They believe that sooner or later it will burst, leading to adverse consequences. https://www.instaforex.com FX Analytics - https://www.instaforex.com/forex_analytics Forex Calendar - https://www.instaforex.com/forex_calendar Forex TV from InstaForex - https://www.instaforex.com/instaforex_tv Forex charts - https://www.instaforex.com/charts Instant account opening - https://www.instaforex.com/fast_open_live_account Forex Trading Contests - https://www.instaforex.com/forex_contests List of official InstaForex blogs: https://www.facebook.com/instaforex https://www.instagram.com/instaforex/ https://twitter.com/InstaForex https://telegram.me/instaforex
Views: 220 InstaForex
SEC Attuned to Unique REIT Disclosures, Official Says
Sonia Barros, assistant director at the Division of Corporation Finance at the Securities and Exchange Commission (SEC), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C. Barros discussed the overall disclosure record for the REIT industry and how it compares to other industries. She emphasized that the SEC recognizes that REITs are different from most operating companies and companies in other industries. Because of that, there are specialized disclosure requirements and forms that only apply to REITs, Barros said. Form S-11, for example, calls for specific disclosures about material property and property operating data in registration statements, Barros said. She added that most REITs also provide this disclosure in their annual reports on a portfolio basis. Barros stressed that as a public company, anything that a REIT files with the SEC could be reviewed. Typically, though, the SEC is most likely to review the annual report, proxy statement and follow-on registration statement. The SEC is required to do a financial statement review of every public company at least once every three years, Barros said. However, the SEC performs both legal and accounting reviews and also reviews many companies more frequently than once every three years, Barros noted. Barros explained that the SEC REIT group contains a staff of accountants and lawyers dedicated to the review of REIT filings. If a complex issue emerges, additional help may be sought from specialized offices such as the Office of Chief Counsel or the Office of Chief Accountant, she said. Meanwhile, Barros said the SEC has seen an increase in non-Generally Accepted Accounting Principles (GAAP) measures other than funds from operations (FFO) this year. Barros noted that the views she expressed in the interview are her own and not those of the SEC. 4/12/2016 | By Sarah Borchersen-Keto
Views: 55 Nareit1
U.S. - EU Convergence on Key Consumer Privacy Issues
David Vladeck, Director of the Bureau of Consumer Protection of the U.S. Federal Trade Commission, comments on the cooperation between the U.S. and EU on their consumer privacy frameworks.
Views: 117 USAandEurope
John Heins & Whitney Tilson: "The Art of Value Investing" | Talks at Google
“John Heins and Whitney Tilson, co-founders of the Value Investor Insight newsletter, have done a thorough job of explaining how to look for stocks that are trading at significant discounts to what they are worth — the concept known as the value style of investing.…the authors present a clear framework for ferreting out undervalued companies.” —The New York Times About the book: In The Art of Value Investing, John Heins and Whitney Tilson offer a comprehensive set of answers to the questions that everyone investing seriously in the stock market should have thought through clearly before committing his or her hard-earned capital to the endeavor. What market efficiencies will I try to exploit? What analytical edge can I hope to have? How specifically will I decide to buy or sell? For answers, they call on market-beating money managers – including such investing luminaries as Seth Klarman, David Einhorn, Bill Ackman, Howard Marks, Mason Hawkins and Julian Robertson – who have graced the pages over the past ten years of their highly regarded newsletter, Value Investor Insight. To illustrate one of the equity investor’s most important tasks – how to value a company – they will present a particularly relevant current case study … on Google. About the authors: John Heins is the co-founder and President of Value Investor Media, Inc. and Editor-in-Chief of Value Investor Insight and SuperInvestor Insight. Previously, he served as CEO of Bertelsmann AG’s U.S. magazine subsidiary, ran AOL’s Personal Finance business and was a reporter and staff writer for Forbes magazine. He holds a bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School and earned an M.B.A. from Stanford University. Whitney Tilson is the co-founder and Chairman of Value Investor Media, Inc. and founder of Kase Capital, which manages value-oriented private investment partnerships. Prior to launching his investment-management career in 1999, he co-founded with Harvard Business School Professor Michael Porter the Initiative for a Competitive inner City, was a consultant at The Boston Consulting Group and was a founding member of Teach for America. He holds a bachelor’s degree in Government and an M.B.A., both from Harvard University.
Views: 103450 Talks at Google
It's time for IT industry to look at consolidation
At the IFRS @ WCGT Workshop cum Panel discussion on First Time Adoption of IFRS by an Indian Company, October 15, 2008, 4 pm (Taj Cor)
Views: 85 Murali D
How to Set Up Profit First for Real Estate Investing with Mike Michalowicz
How to Set Up Profit First for Real Estate Investing with Mike Michalowicz Finances are an integral part of running any business, and real estate investing is no different. Figuring out how to properly and effectively structure your finances can be confusing, but I’ve discovered a method that has totally changed our business! In this interview, Natali and I are sitting down with Mike Michalowicz, the author of Profit First. Profit First is a simple and effective formula aimed to transform your business in order to earn more profit! Mike is a business guru—you don't want to miss this episode of Investing in Real Estate! Book a call with our team: https://goo.gl/EbDRWj Show notes: http://morrisinvest.com/episode355 Profit First by Mike Michalowcz: https://goo.gl/f7iHK4 The Pumpkin Plan by Mike Michalowicz: https://goo.gl/PL9dFh Tax-Free Wealth by Tom Wheelwright: https://goo.gl/SDq1PS Find a Profit First Professional in your area: https://goo.gl/E6vZzJ Download the Freedom Cheat Sheet: https://goo.gl/1qoVjY Subscribe to the channel: https://goo.gl/n5Rab8 Investing in Real Estate Podcast Apple Podcasts: https://goo.gl/tSfSM8 Website: https://goo.gl/Zq3KRc Follow me on social media! Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris Videos you might like: How to Think Like a Wealthy Investor: https://goo.gl/7wCZeq The Mask of Masculinity with Lewis Howes: https://goo.gl/k88dSU Being Financially Free vs. Being Debt Free: https://goo.gl/1dtvt9
Views: 8755 Morris Invest
Marketing Data Strategy Boot Camp
Marketers continue to increase spending on analytics—it’s expected to soar by 83% in the next three years. But the percentage of our projects that actually use marketing analytics continues to decline—down from 32% to 29% in just six months. We have (new and old) BI, data visualization and data exploration tools. We have data science, data mining, and marketing analyst teams working night and day, but we still aren’t using our data—basing real decisions on what it tells us. Why? Because our data needs special treatment before we put it into bar graphs and pie charts—and so many of us don’t know where to begin. The great news is there are models already in use that can guide us. Finance figured it out long ago. Operations, sales, HR—they, too, have easy, real-time visibility into their data, and the visualizations—the tables, charts and graphs they produce—are routinely heavily relied upon for decision-support. They are truly data-driven. What can we marketers learn from them? In this webcast, Beckon's VP of Data Strategy Kevin Dodson examines: 1. Why marketers are struggling with their current marketing data management strategies. 2. The foundation of a successful data strategy—what marketers can borrow from financial data management frameworks (e.g., GAAP, Chart of Accounts). 3. Best practices for cleaning up marketing data on the way in for more flexible, agile reporting. 4. The advantages of strategic marketing data management—faster time to insight, more agile marketing, increased chances for optimization and more. About Kevin: Kevin is responsible for competitive strategy, facility with key industry trends, and along with CEO, Jennifer Zeszut, formulating the Beckon category-leading point of view and go-to-market strategy. Kevin acts as liaison between Beckon prospects and customers and Beckon business and product strategy, educating the market on the Beckon offering, and providing pivotal strategies for the business as the marketplace expands and develops. Prior to Beckon, Kevin co-founded the marketing analytics practice at USWeb/Razorfish where he kicked off his 15 years of experience in marketing analytics and strategy, helping both large enterprises and startups more effectively use marketing and customer data to drive top-level results. Kevin holds a BS from West Point and an MBA in Marketing and Operations from the Wharton School of Business.
Views: 28 Beckon
Activist Short Selling: A Niche Within A Niche (w/ Carson Block) | Interview | Real Vision™
Famed activist short seller Carson Block pulls no punches as he takes aim at Canada, Jack Ma and the U.S. pharmaceutical industry in this interview with Brian Price. Block, who serves as CIO of Muddy Waters Research, discusses the red flags he looks for when hunting for fraud, and reveals which companies are currently on his radar. Carson also touches on how his line of work has led to both tremendous success and death threats. Filmed December 4, 2018 in New York. Watch more Real Vision™ videos: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Start a 14-day free trial: https://rvtv.io/2G79qrP About The Interview: Unfiltered, long-form deep dives with the most successful investors in the world. In discussions across a range of subjects, we dig into the minds of the sharpest investors to find out what makes them tick. If you’ve ever wanted to learn from the best, this series is where to go. About Real Vision™: Real Vision™ is the destination for the world’s most successful investors to share their thoughts about what’s happening in today's markets. Think: TED Talks for Finance. On Real Vision™ you get exclusive access to watch the most successful investors, hedge fund managers and traders who share their frank and in-depth investment insights with no agenda, hype or bias. Make smart investment decisions and grow your portfolio with original content brought to you by the biggest names in finance, who get to say what they really think on Real Vision™. Connect with Real Vision™ Online: Linkedin: https://rvtv.io/2xbskqx Twitter: https://rvtv.io/2p5PrhJ Activist Short Selling: A Niche Within A Niche (w/ Carson Block) | Interview | Real Vision™ https://www.youtube.com/c/RealVisionTelevision Transcript: Hey, it's Brian Price for Real Vision. Today, we're speaking with Carson Block-- Muddy Waters Research founder and CIO. Carson has built a fascinating career by taking a forensic approach to uncovering fraud in public companies. And while that success has led to significant wealth, it's also led to numerous threats on his life. We're going to hit it all. However, we begin by defining the important difference between short sellers and those who take an activist role in calling out a suspect company. Enjoy. Short selling is a niche. Maybe the universe of potentially good shorts is this big. As an activist short, we are a niche of a niche. So our universe of potentially actionable shorts is that big. So there is this difference. Most shorts-- so non-activist shorts-- are out there looking for companies that are melting ice cubes or where they're looking forward and they think that the fundamentals are going to deteriorate, et cetera. That's not what we do. And that's not what short sellers who specialize in looking for frauds and promotions, as well as heavily financially engineered companies do. So within this niche-- and this would include some non-activist short sellers who also have the skills and the tools to look at these companies-- we're there really helping investors understand what's going on at these companies because there's this sliver of companies out there where managements are trying to hide the ball from investors. And whether it's from a legal perspective-- fraud-- or it's just on the right side legally. It's not technically fraud, but it's intellectually fraudulent. And they produced financial statements that obscured the economic realities of the business. So our role as activist short sellers when we look at companies like those is to try to unpack that and explain to investors-- this is what's really going on with the company. And this is what's underlying the numbers. So for us, we're looking for things that-- we're generally looking backward. We're not taking a more conventional investing approach of what's going to happen in the future. Because the future, you can argue about. We want things that are provable and that we can prove now. And that's basically, something that has to have already happened. So we're looking backward and we're saying when the company printed this number-- say, $1 a share-- is that really a good number? Or well, it looks like $0.40 of that came from transacting with D consolidated affiliates that are funded by debt. That's not a real business transaction there so you should consider that EPS was actually $0.60, instead of $1. So that's the kind of thing that we do and we add transparency to the market. So that's why activist short selling and the short sellers who really specialize in unpacking those deliberately obscured situations are important to markets. With all of that in mind-- has your approach, has your strategy changed over time? When you're doing this forensic analysis of a company, when you're looking for certain red flags? Yeah. When you ask different activist short sellers, you get different answers.
Views: 1606 Real Vision

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