17 - The Objectives of Financial Reporting & ...

Example: You own a sole proprietorship. For this period, you had revenue of $100,000, wage expense of $40,000, and computer expense of $30,000 (net income of $30,000). You also contributed $10,000 to the business this period. Step 1 – Transfer Revenue and Expense items to Income ...  Show more

Today we will go over the adjusting process. This is where we make our adjusting journal entries to get from our unadjusted trial balance to our adjusted trial balance, which contains the figures we use on the financial statements and tax returns. We will briefly discuss prepaid ...  Show more

It is so important to stay curious and keep learning new things as you age. I have most certainly found this to be the case. I don’t just learn languages, I am curious about many topics and I feed this curiosity every day. 

What financial books and tools do we recommend? Other than our Financial Order of Operations course, of course! And how does having a military pension fit in with your financial planning? We'll walk you through these questions and more in today's Q&A episode! Learn more about yo ...  Show more

Looking to learn how artificial intelligence is impacting the accounting industry and how accountants can prepare to stay relevant in the future? Look no further! In this episode, we explore the incredible impact of ChatGPT in the accounting industry and discuss how it is revolut ...  Show more

Many people try to read and reread things to force them into their brains through massed practice. 🛑 This is not the best way to learn things! 📚 We need to learn how to learn, as described in the book "Make Things Stick" by Peter C. Brown. In this video I share with you the mos ...  Show more