Current Liabilities Explained

[@jess-hu4le]

Great video - thanks for keeping it engaging! All the jokes made reviewing this topic actually really enjoyable for me Btw that’s very interesting about Starbucks 👀

[@Edspira]

Thank you for this kind review! My wife and I put a lot of effort into this video, so I'm really happy to hear that you enjoyed it. And yes, I agree that it was interesting to see how much profit was coming from breakage for Starbucks!

[@hazemkamalmaz8772]

You have a unique teaching style that combines rich detail with a light sense of humor that I have never seen in my life. Please accept all appreciation and respect. With best regards, Hazem

[@Edspira]

Wow, thank you for such kind words. I truly appreciate this gracious compliment and am so glad you're enjoying the videos!

[@sinitajones1242]

This has to be the funniest video I have viewed so far among your repertoire 😂Keep up the great work! 👊

[@DonChubb]

I have really appreciated your videos. Thank you for all your help while I study to be an accountant.

[@Edspira]

Happy to help, my friend! And thank YOU for your support! I hope you have a successful career as an accountant 😀

[@ramtinabadi]

Your videos are not just for accountants. They have helped me run my companies in 2 different countries since 2018. Like the new format of the videos by the way. 👍

[@Edspira]

This comment means a great deal to me, thank you so much. I'm so happy the videos were helpful to you in running your companies. I wish you continued success with your businesses, and in your personal life as well!

[@jen-pm3nk]

Great video, as always! The massage line... I am dying. Thank you for all of your help!!!

[@desolated99]

Pick up lines NOTED. 😁

[@Edspira]

😂

[@lq6424]

Youre so entertaining. Thank you!

[@Edspira]

No problem! Glad you thought the video was funny!

[@wonjoann]

as always thank you for your excellent explanation

[@Edspira]

Thank you for the kind words! I'm glad you enjoyed the video!

[@UmerKhan-nj3zq]

Thanks! Your videos have been very helpful for me in clarifying my accounting concepts. I request you to make a video on the updated definition on the elements of financial statements since they have been pretty confusing for me.❤

[@Edspira]

I'm glad you're enjoying the videos, and will add your suggestion to the list!

[@kathiescavone9269]

You're hilarious!! lmao I loved this video very much and it was easy to learn without drifting off because it wasn't boring

[@Shalommmm]

Omg this was the best 😂😂 Thank you for making Accounting less pain

[@Kushiiiiiiiiiiii]

Hie Micheal , thanks a lot for your videos , it’s very helpful for me as an international student preparing for US CPA. Can u please make a video on deferred compensation plan and their accounting. Thank you.

[@jeromerouge1979]

Excellent 😀

[@Edspira]

Thank you 😀

[@NS-tz3nt]

Hi , do you have an Intermediate Accounting 2 video course ? I can’t seem to find any & I love your videos !

[@stevenintexas6947]

Hi Michael, can you do a video on how to calculate the Convexity of a bond? I need to calculate the Dollar Value change for a bond given a 1 basis point change in the bonds yield. I can calculate Modified Duration easy enough in Excel but Modified Duration doesn't take convexity into account and I want to create a table showing how the dollar Value of 1 basis point on a bond changes over time as the bond gets closer and closer to maturity. We typically quote Dollar Value of an 0.01 (DV01) in terms of DV01 per $1 million face value. I'm currently without a Bloomberg and Bloomberg calculates the DV01 of a bond for me. Thanks

[@Edspira]

Hi Steve, I believe I made a video on convexity and a couple videos on duration a few years back. I had actually been hoping to make a whole series of videos on fixed-income securities this summer, but I'm joining a new university and was asked to prep a couple courses I hadn't taught before (this took up most of my summer). I'm really hoping to can create more videos on fixed-income securities in the next year (hopefully by summer 2024 at the latest).

[@stevenintexas6947]

@@Edspira No problem. I figured out how to calculate what I needed. I did a search in your channel for “convexity” but nothing came up. I dusted off my old Fixed Income Mathematics” book by Frank J. Fabozzi. Which University are you joining?

[@Edspira]

Glad you figured it out. Frank and Francesco Fabozzi also wrote a book called, "Bond Markets, Analysis, and Strategies" that you would probably find very helpful (I have the 10th edition and it's excellent). I've joined the University of Illinois at Chicago and will begin teaching on April 21.

[@stevenintexas6947]

@@Edspira My boss Ronald J. Ryan of Ryan ALM has been an author for chapters in Fabozzi’s books since at least 1987 that I know of. In 2020 he wrote a chapter about cash flows matching bond cash flows to defined benefit pension liabilities (benefit payments), which is what my job is. He had me critique and edit his drafts but unfortunately I didn’t get any by line credit this time around. I went to Loyola University of Chicago so I know Chicago well.

[@ssroger281]

Thanks lot

[@EnglishwithFaizan]

Notes payable is a current or a fixed liability?

[@Kushiiiiiiiiiiii]

Depends on when it’s due. It can be short term or long term

[@nklpapa1]

Perfect