I've spent hours today trying to do this assignment and stumbled upon this video two hours before it was due. Finished it in about 20 minutes. Bless your soul.
@leighking83585 жыл бұрын
Thank you!! I have spent the last year and a half getting my accounting degree online. Fortunately I found your videos the first term. You have been my classroom and helped me tremendously. You are easy to follow and personable and helping a tremendous amount of students. One of my professors even gave us a link to this video. Great job!
@Edspira5 жыл бұрын
Thank you for such kind words Leigh! It is comments like this that inspire me to continue producing videos :)
@musicuniverse13566 жыл бұрын
Your accounting videos are outstanding. I motivate people to pass the CPA exam the first time and I tell them about your lectures, even though they are more general information but they are still applicable to the exam.
@Edspira6 жыл бұрын
I really appreciate you referring people to my videos! My goal is to eventually cover every topic that would be on the CPA exam. I'm a full-time professor, so most new videos are made in the summer...stay tuned.
@josedonjulio7 жыл бұрын
thank u very much. ur videos helped me pass my first test for the semestr with an 80%
@Jeremiah6606 жыл бұрын
Wow, they are easy to understand, I will definitely pass my CPA.... God Bless you man.
@sonamprajapati50485 жыл бұрын
Hey, I am preparing for FAR Foundation. Kindly help me if you can.
@jmd74197 жыл бұрын
best accounting vids on youtube!
@Edspira7 жыл бұрын
Thanks for the support!
@ivyyu7009 Жыл бұрын
You truly know everything inside out. Most other videos are just repeating standards, but you are the next level. Thank you!
@joshcarson4408 Жыл бұрын
best accounting videos on youtube
@jeremygardner20303 жыл бұрын
Most comprehensive, easily digestable accounting explanation vids on KZbin ... hands down. You should make your own CMA course.
@qiannanli47665 жыл бұрын
you are such a life saver!!!!!
@qaisersyed58044 жыл бұрын
Thank you, it's explained in very simple steps.
@longdethKH5 жыл бұрын
Very neat explanation!
@Nott_Fifi2 жыл бұрын
Best accounting video!
@meenachhantyal384 жыл бұрын
This video is a blessing! You are a blessing! Thank you so much.
@JRR1476 жыл бұрын
Your videos are very helpful thank you a lot. But I do have a question concerning the calculation of goodwill. In my text book it says: purchase price - percentage of takeover (0.9) * fair value of assets of target = goodwill. Now I don’t know if I’m doing something wrong but I think your way yields a different amount for goodwill in this example am I right? Do you know why I have a different way of calculation here? Is that possible that there are different solutions? Thank you in advance :)
@reemaltamimi7273 жыл бұрын
you are the best sir
@Edspira3 жыл бұрын
Thank you!
@waikitchan36392 жыл бұрын
This is a good video. i would like to ask when the cash was paid to target company by Purchaser, should target company need to record the transaction as debit cash $3.06m and credit the share capital $3.06m? many thanks.
@larco90284 жыл бұрын
Can anyone please explain how the goodwill that gets debited, where does that show in the stockholders equity? I see we only count the parent's in addition to the NCI.
@ahmedalswaity79146 жыл бұрын
Thank you very much for video, really helped! I have a question though, what happens instead of taking the implied value we: take the (fair value of the net assets* 90%) and subtract the purchase price from the resulting number? would it lead to an erroneous NCI?
@Edspira6 жыл бұрын
Ahmed, the way you suggested wouldn't work. If you plug in the numbers from this example, your method would yield an NCI of 360,000 instead of 340,000. I know there's a lot of steps to get to the NCI, but I think the method explained in the video is the easiest way to get there. Thanks for watching!
@luvpinas1236 жыл бұрын
Hello! Aren't you supposed to take into account the tax effects in the FV adjustments before consolidating? Don't FV adjustments give rise to deferred tax balances and BCVR entries? Or is this requirement just applicable to IFRS consolidated financial statements? Because say, here in Australia where the corporate tax rate is at a flat 30%, a fair value readjustment to the company's assets would give rise to a deferred tax liability and an entry to the business combination valuation reserve. So for example, if the subsidiary's assets were undervalued by 100, the write-up in the consolidated balance sheet would be: Dr Asset 100 Cr DTL 30 Cr BCVR 70 Is this not required under GAAP? O:
@Jutseful3 жыл бұрын
is consolidation method the same as acquistion method, from IFRS 3?
@doubled6136 жыл бұрын
If I am making elimination entries for the year AFTER the acquisition, will the elimination entries be the same?
@Edspira6 жыл бұрын
No, the journal entries change depending on the activity during the year.
@kathyho39854 жыл бұрын
Why do we have to eliminate the target's equity accounts? Please advise.
@sarialsharafi46587 жыл бұрын
Thank you very much
@candidacain25136 жыл бұрын
Do you have a video on eliminating intersegment sale or intersegment sales of equipment?
@Edspira6 жыл бұрын
I currently don't have a video on this, but I'll add it to my list of requested videos which I intend to tackle this summer. Thanks for watching!
@user-ri9bb6fr8f6 жыл бұрын
best vids !!!!
@Edspira6 жыл бұрын
Thank you!
@justinschmidt24715 жыл бұрын
Is this full or partial goodwill?
@Luke-nh5tu5 жыл бұрын
sorry, but can you explain how did you get a fair value of Target's net fixed assets = 2,625,000
@gb93482 жыл бұрын
yeah that number just magically appears. i can't understand where that number comes from, i need more of an explanation.
@nthwndroregano6604 Жыл бұрын
@@gb9348 There is no logic behind it, nor do you need to know. He is just trying to demonstrate how you would go about adjusting to Fair Value.
@edibledragon815 жыл бұрын
i thought non controlling interest was 50% or less and doesn't control the board
@edibledragon815 жыл бұрын
after watching the video further i now think he is talking about the other shareholders