Universal CPA helps students prepare for the CPA Exam (US). We utilize visual learning in our lectures and multiple choice & simulation explanation videos. 65% of students are visual learners, so why isn’t there a CPA test prep program that harnesses the power of visual learning?
Our channel includes helpful study tips, video lectures on difficult topics, MCQ explanation videos, and simulation explanation videos.
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Hallo, I'm Japanese. I am interested in studying for the CPA exam. Your videos are very interesting and helpful. I have a Japanese National Accounting Certification Level 2, so I have some knowledge of accounting. Although I don't understand English very well at the moment, I am studying with a dictionary and find it quite easy to understand because the accounting standards are similar to those in Japan. Your videos are very easy to understand, so I plan to study for about 2 hours a day, watching about one video per day. Thank you for providing these videos.
Can you explain why did you Debit Prepaid expense for the adjustment? Was not the $6000 already prepaid and we are now expensing (recognising) $600 now, and therefore credit Prepaid?
you said boot will consist of : Cancellation of debt at 16:46, but there is a debt assumed by corporation at 17:59(you said there is no boot). I am confused.
I am preparing for my FAR CPA Exam and was struggling with consolidation for days! this one video has made the topic so very clear, thank you so much for this. Im a new subscriber now!
Thanks for the good videos. How do you treat domain names that are leased annually, intended for resale, not development into functioning websites? The client resells the right to lease the domains to a 3rd party (rangin from $100-10,000 each), and if they are not sold in the one year lease time frame, they are either "dropped" (declined to renew) or leased again. (No individual owns domains, they all belong to the respective registrars, and people/corporations can lease the right to use the domain, annually.) My client has been claiming the annual cost of the leased domains as a "direct cost," and when a domain resells, have declared the sale amount as income, and not deducting any cost as inventory (having previously claimed all costs as a a driect expense). Have they been handling this correctly? Its very hard to find guidance on domain name expense/income practices.
A question will identify on the CPA Exam the depreciation method to use if that is a necessary part of the calculation. However, it is unlikely that they would use anything other than straight-line for statement of cash flow purposes.
Passing the CPA exams is when you study hard, if you can't study or you don't have time for your studies I'd advise you get yourself a help like Mr Willard.
Good morning from Marlinton in West Virginia State...Thank you for the previous video of Diluted EPS but why you didn't continue the video!!…Anyway, thank you and have a good day Universal CPA guys :)
Glad you liked the video! For more on this topic you can sign up for our full CPA review course and receive more on-demand bootcamps at www.universalcpareview.com
@@universalcpareview Yes, I'm with you in the Financial Reporting part. I bought it since I was in Alexandria city in Egypt with Joey and now I'm in Marlinton in West Virginia State studying the Financial Reporting part...Thank you.
Thanks for the video and the explanation! The stage of research and development is very much in demand in the development of software products and solutions. At JetSoftPro, a software development service, we see how quickly the market changes and how dangerous it is to do things based only on hypotheses.
