What would you use to do a word , or phrase search in a 12.8 MB PDF ?
@michael_08310 күн бұрын
Under 842, ROU Amortization is supposed to be straight lined - Not sure if I am misinterpreting your slide…? 6:25
@dvrkmvztxr963614 күн бұрын
Hey - I'm located in canada do you think the book would still be helpful
@dvrkmvztxr963614 күн бұрын
Thanks!
@susanneocallaghan750625 күн бұрын
Thank you, Charles. I love your videos!
@NagyShalaby-er3mt26 күн бұрын
Thank you sir ❤
@kimsadowski4058Ай бұрын
Hi Charles. Do you have an example set of financials for this video that you could also talk about, as if these leases were all the company had on the books? I would like to see where they are in the Chart of Accounts, best case scenario, and I am sure order matters on the Balance Sheet. Yes, I do ask for the moon! Kindest, Kim
@CPAHallTalkАй бұрын
Kim, I’m sorry, but I don’t. I made up these numbers without reference to a particular entity. The chart of accounts for finance and operating leases would include: (1) ROU asset, (2) ROU short term liability, (2) ROU long term liability, (3) interest expense, (4) ROU amortization, and (5) lease expense, (6) ROU accumulated amortization.
@kimsadowski4058Ай бұрын
@@CPAHallTalk Thank you, Charles, for the lightning-fast detail!!!
@samuellatimer1830Ай бұрын
Great video, Charles! As usual!! 😀
@CPAHallTalkАй бұрын
Thanks, Sam!
@ryanmxntanaАй бұрын
Hey Charles how would i get in contact with you for a video inquiry
@ModelcarNickАй бұрын
Very helpful, thanks!
@cj1325Ай бұрын
Great work Charles!!!
@CPAHallTalkАй бұрын
Thanks much. Looking forward to having this in people's hands.
@lktherd1Ай бұрын
Thanks Charles. This will be so helpful to me and my clients ! God Bless !
@CPAHallTalkАй бұрын
Thanks much. I appreciate your support!
@uhhcounting2 ай бұрын
I wish I found your content earlier in my career, Sir. A similar thing happened to me: I was a staff 1 at a top 50 firm and the manager voluntold me to do inventory observation and just told me to read the audit program (I suspect the manager had no idea how to perform an inventory observation). I got pretty good at it because they kept assigning me to other inventory observations. This is not a good staff retention strategy.
@CPAHallTalkАй бұрын
Sorry to hear you had a similar experience. Sadly, it’s common. Thanks for sharing your story.
@inder10492 ай бұрын
Thank you Sir, it was well explained
@CPAHallTalkАй бұрын
You are welcome.
@RJG2532 ай бұрын
Thank you so much for this.
@CPAHallTalkАй бұрын
You are so welcome!
@DaRosaTaxandBusinessServices2 ай бұрын
Videos are great….Most courses on risk assessment are not understandable yet you make it easy to learn
@CPAHallTalkАй бұрын
Glad you like them!
@ExcelHumor1122 ай бұрын
Thank you! Very informative
@CPAHallTalkАй бұрын
You're welcome!
@orobleh772 ай бұрын
Well and easily explained on Inherent risk
@CPAHallTalkАй бұрын
Glad you found it helpful.
@chandhanas5042 ай бұрын
This really helps and kudos for the real-life examples! Thank you!
@CPAHallTalkАй бұрын
You're very welcome!
@juanbautistarueda582 ай бұрын
excellent video, thank you for sharing your experience and advice!
@CPAHallTalkАй бұрын
Glad you enjoyed it!
@JackieZhang-qi9fh3 ай бұрын
Thank you for sharing your wisdom and experience in this video. I always thought that other people can make it to partner much easier than me and that can be depressing some times. Knowing that a great talent like you had to go through the hardship to get to where you are now gives me the hope that I am getting close to where I want to be and it is matter of time as long as I stick to my passion and don't give up. I love public accounting and enjoy the learning and feeling great when we finish the engagements and make happy clients. I enjoy watching your videos and reading your posts and even purchased the books you wrote. The way you explain accounting and auditing makes much more sense to me. Looking forward to more of your postings. God bless!
@CPAHallTalkАй бұрын
Glad to do so, Jackie. Thanks.
@bibistella34363 ай бұрын
Thank you @CPA HALL TALK
@CPAHallTalkАй бұрын
Hope you are doing well, Bibi.
@marvelouss7193 ай бұрын
Watching in Texas. What do you think is the most effective way to study audit to pass the CPA exam?
@CPAHallTalkАй бұрын
Study and then try to recall by writing down what you are learning without looking at your study guide. Or discuss what you are learning with someone else, preferably someone studying for the exam.
@marvelouss719Ай бұрын
@@CPAHallTalk Thank you so much. I have been studying auditing, including MCQs since 1pm, with very few breaks--9:35 pm Houston's time. A lot of information to retain.
@mcrijus16413 ай бұрын
Thanks 👍
@neilcrawford37803 ай бұрын
When the accrual is automatically reversed..does it leave a credit balance (neg) in FY22 expense account and that’s why it cancels out?
@JJ-rp2df3 ай бұрын
Excellent thanks
@CPAHallTalkАй бұрын
You are welcome
@shatzE34 ай бұрын
as somoene who has been out of audit for a year - and is going back into it - Your videos are very useful in re-jogging all the memories and allowing me to prepare better for my next set of interviews.
@CPAHallTalkАй бұрын
Great to hear!
@accountant1104 ай бұрын
Hi Charles, I am a younger CPA in public audit that would eventually like to branch out with my own firm. Do you find small Audit firms to be profitable given the high amount of regulation and peer review required as opposed to a bookkeeping/Virtual CFO type, or even tax firm? Would like to know your thoughts on which is the better route to create a profitable business out of based on how you found success. Thanks!
@CPAHallTalkАй бұрын
Small firms (like those with three or four people) generally are not as profitable as larger firms (say over 25 people). But either way, I think you can make a good living. Best wishes.
@shriidharkhaanapurkar27684 ай бұрын
Do you play guitar? 🎸
@CPAHallTalkАй бұрын
Yes, but not very well. :)
@sleep6305 ай бұрын
Great info Charles!
@CPAHallTalkАй бұрын
Thanks.
@ManOfEarthAndNature5 ай бұрын
Man I love your videos. First thing you are a southerner which, being one, it just makes me feel connected. I realize that is ridiculous but it is true. Second you give so much intimate knowledge. Farhat is great for basics, and CPA (as are you) but the insight into information most people won't tell you can always be found in these talks. Honestly I wish there was more. Thanks man. Joining Big 4 in a few months and pretty freaking nervous.
@CPAHallTalk3 ай бұрын
Thanks. I hope your new job goes well.
@user-jc7xm2xj5c5 ай бұрын
Thank you for this information
@CPAHallTalkАй бұрын
My pleasure
@akleshgoit66056 ай бұрын
Hello! Thank you so much for uploading videos on audit topics.
@MrHansBattle6 ай бұрын
Great explanation, thank you!
@CPAHallTalkАй бұрын
Thanks.
@juliusiha44096 ай бұрын
Very useful. Thank you.
@CPAHallTalkАй бұрын
Thanks.
@Karl-wm7lt6 ай бұрын
So substantive analytics have to have a predictive element to them?
@CPAHallTalkАй бұрын
You need to establish your expectations before creating your analytics. I’m not sure I’d call it predictive, but you do need to have expectation before creating the analytics. That way, if the numbers don’t line up with your expectation, you’ll know something might not be right.
@mohammedajaha12476 ай бұрын
Amazing conent thank you !
@CPAHallTalkАй бұрын
Thanks, Mohammed.
@brandonbadeaux24847 ай бұрын
This information is priceless, thank you! Would you recommend changing firms every couple of years to increase your salary? I’ve this is a good tactic. Is it worth it if you like your firm?
@CPAHallTalk2 ай бұрын
I would change firms only if I don’t see a good future or if I’m not enjoying the culture. I generally would not change just to make more money. Making more money and not being happy is a bad combination.
@Corgidad22227 ай бұрын
Great video.
@CPAHallTalkАй бұрын
Thanks!
@Freesoul727 ай бұрын
I started to learn accounting when I was turning to 50 years old two year ago in Finland in Finnish. All basic things. Thanks you for the terms in English I am learning here.
Dear Sir, Thank you for your lectures. I learned from this video how to assess inherent risks in auditing procedures. You have really made it easy for me to understand.
@CPAHallTalkАй бұрын
Glad to hear.
@paatachubinidze92087 ай бұрын
Is it possible to generate flowcharts in accordance provided information about factual processes ?
@CPAHallTalkАй бұрын
Yes, it is.
@GnarshredProductions7 ай бұрын
when you are talking about planning materiality being the financial statements as a whole what exactly do you mean? For example if overal materiality was $100,000 and total assets were overstated by $150,000 that would be materially mistated? What If both revenue and expenses were overstated by amounts over planning materiality but it didnt cause net income to be mistated by more than overall materiality? Or if both assets and liabilities were overstated by the same amount the net effect on owners equity would be nothing then would the financials still be considered materially mistated?
@jnkvngz29658 ай бұрын
i appreciate your videos! kudos!
@CPAHallTalk8 ай бұрын
Glad you like them!
@kamsam348 ай бұрын
This is so incredibly helpful. Thank you for breaking it down.
@CPAHallTalk8 ай бұрын
Glad it was helpful!
@faiqmarhoon96699 ай бұрын
I am a fresh staff auditor and audited UL search a couple of times but never understood the logic behind it. There is NO word I can find to express my sincere gratitude for this great insightful video. I highly appreciated. Meanwhile, I have a question, the invoice date is not usually the date the service is provided; so, can we use the invoice date to decide whether the payable belongs to CY or subsequent year? Thank you.
@CPAHallTalk8 ай бұрын
Technically, the liability is generated when the service is provided or the goods are received. Even so, many auditors use the invoice date.
@tiplow19 ай бұрын
That was really well laid out and structured. Thank you so much
@CPAHallTalk8 ай бұрын
Glad you enjoyed it!
@davidhowell5329 ай бұрын
I truly appreciate your work. I was looking for relevant assertions over cash and your channel was the first place I looked. You did not disappoint. 😁