😘😘

accounting is not easy.

i have never been so scared in my life.

I'm an accountant. When all can be automate, most small company wont need accountant. This is the big difference. Yes, big company still need accountant, but less people. Yes, some accountant will be at software company. Some also will shift to be freelance. Auditor also will need less person. The accountant profession still needed, but at less person. Perhaps the accounting institution will release or revise new accounting standard every year, just so the accountant and software company have a job to do..

Very informative 👏

thank you its very helping video

Do you create an elimination account for the consolidated financial statements and if so, where and what is it?

11 out of 12. This is very useful

Very useful video to understand the roles, role’s salary and timelines. Thank you, Bill✨

Thank you 🙏 for this helpful vedio. God bless you abundantly

Very help full

So in plain english what I am able to understand, is that Skilling would say the value of his company was of what it was projected to be, which is bad, because in reality you are valued at less. So the lie didn't uphold itself for long and because the company had less than they valued it, so things crumbled.

Hi Bill, thank you for making this video. I have been following your channel for over 2 years now. I have a career question for you. I am CPA Articling Student at a mid size public accounting firm in Canada and I joined in January 2024. My firm mostly does Municipal Audits and NPO Reviews and tried working on these but didn't enjoy it so I switched to tax pool and have been working on preparing compilation, FS, Corp Tax and personal tax returns. As per my firm's new policy one can only work in tax or audit and they have assigned me to the tax group. I want to become a corporate controller in future. What steps would you suggest I should take to reach that level. Should I continue to work on tax engagement at my firm till I get my CPA licence while also learning things like pay to procure and other functions and once I get my CPA then switch to a senior accountant role in private industry and then move up from there or take some other route. If you could please guide me through this question it would mean a lot to me. During to the immigration purposes I would have to work with my employer same employer and in the tax group for about 1 to 2 more years. Thank you

What am I doing????

What about the fact that the SEC approved of it? Everyone forgets to hold them accountable

I’m starting my studies in accounting soon… would you recommend getting my undergrad and going to work for experience before finishing a masters and CPA … or would you recommend pushing all the way through to a masters/CPA and then start working? I’m fortunately in a position that I can finish my undergrad/graduate/CPA in one push but I’m afraid I’ll be turned away from the entry level positions I’ll need to get some experience.

Thanks for sharing so good videos 😊

In the Middle East, 5 years are not enough to be an accounting or audit manager, at least 8 to 10 years with ACCA and you will be making 110k annual salary only (average)😅

i wonder why in India we are not even getting 1500 usd salary per year when all the clients are from USA and Europe 🥲 i have got a offer of 1000 usd from pwc their building watchmen earns better than this i am sure....

The Zoom read AI does this and does a pretty good job at taking notes, creating actions by person, and summarizing the meeting.

Good information

I'm currently in College for a Bachelor's Degree in the Science of Accounting and I'm totally lost. Confused so bad. I don't think I'm going to pass. I have 3 weeks left to bring my F up to a passing grade.

You are the best..👍

LEt me buy u a cup of coffee

🥰🥰Highly appreciate your explanation .

Much appreciated your sharing good financial knowledge. I do like your videos.

I've found tremendous success in accounting with an Associate of Applied Science degree in Information Technology, with Summa Cum Laude designation. After leaving a higher education union position, I started in public accounting as a payroll clerk. Never had a formal accounting class at that time. Then transitioned to a tax accountant role under CPA's. I've been fortunate enough to perform full cycle bookkeeping. Which led to an accounting manager position. Most of my experience has been real world and hands-on. Coupled with numerous professional development and CPE courses. Would @TheFinancialController even entertain my resume without a Bachelor's degree but with more than 15 years progressive experience in accounting roles? Genuinely curious 🧐 Sometimes degrees are only worth the paper printed on.

Awesome information Im looking to career pivot after teaching virtual secondary ed. Im near 50yrs old with undergrad degree in business with teaching certification in business education. Should i complete Intuit bookkeeping certification as a refresher until I begin graduate classes in Accounting?

I have a question, in the example you showed that the retained earnings is a plug in while doing the consolidation and when you consolidated the financials for the year 2020 you showed that retained earnings came to $3100 and you explained the increase of $300 is the difference between the retained earnings of subsidiary company which is $1800-$1500. Keeping that in mind in the year 2019 there was no retained earnings for the subsidiary for 2018 so the difference should be $1500 which means this entire $1500 is included in the retained earnings of the parent company in 2019 in the amount of $2200? I need more clarification about the Retained Earnings part as to why it is not added and it is a plug in?

Thank You😇

Audit managers do not make 180k, average M1 is around 135 for MCOL B4

Awesome video

Bill, thanks for video, really very interesting ❤ Do you think that accountant can be renamed to accountant business partner with the help of AI?

Thanks for a great example! For me who is pursuing a role of financial controller it is very interesting and helpful

Thank you for a great example!!

acct managers make more like 110-120k a year lol

hahahahahah what auditor manager makes 180k ahahahahahah this is sooo funny man Most big4 audit managers make 120-130k

Which one can I enter with an associates degree? I know a bachelor’s is ideal but I’m 34 and just starting my accounting education. I feel so late. I just want to get in the field ASAP.

I'm going for a credit controller interviews tomorrow. Thank you for this video, wish me luck!

In some of my early education for accounting, which has been self taught until I am accepted to grad school for it (career transition) if I have a question related to something like "okay where would this be recorded?" I try it on my own first, and check with AI and if I am wrong I have it explain why.

❤this video is very useful and good, but there is an issue ,in video min 17 u said that debt ratio equals liabilities/ equity , i know that debt ratio equal total liabilities/ total assets ???!

Great video!

The D can also be DRAWINGS because owners drawing also have a debit normal balance

You should talk about SEC/financial reporting as well since that’s also a viable option outside of operations, depending on the company.

Hi bill, i go to college part time trying to obtain my degree over a stretched period of time, around 5 years or so, while maintaining a junior accounting job in a private company. I was wondering if after getting my bachelor’s degree it would be better to work in public accounting or will the 5-6 year experience in private accounting suffice to get me to my destination fast enough. Note that my goal is to become controller of a more or less large company.

Ive been following this channel for a while and in 2021 I shared that i got a bookkeeping role after just a year of studies. Im happy to share now that i will graduate next year and have already secured a role as an IT auditor at a big 4 to start after graduation.

Can I talk to you. I need to explain you my situation and would to like you to give an idea on my next step.

Thank you for creating this video! I was looking at MBAs but hearing about this program makes me want to pursue this instead.

Can a CA from India do remote jobs in US from Linkedin. Do employers in US recognise Indian CA?

Thank you for your knowledge. I’m relieved to hear this