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QuickBooks Pro 2018 Loan Payments, Interest, Principle
 
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QuickBooks Pro 2018 Loans Payments, Interest, Principle will cover how to record a loan payment in the accounting software. We will discuss what an amortization table is so that we know the correct line items to use within QuickBooks Pro 2018. We will then show multiple ways the entry can be put int the accounting software. We could use QuickBooks Pro 2018's jorunal entry feature, the accounting softwares, check feature, or QuickBooks Pro 2018's check register. Will enter one transaction into the accounting software's check register by opening the check register, entering the amount as a payment. Then we need to use QuickBooks Pro 2018's split feature to enter multiple accounts. One account will be interest expense and the other will be loans. We will get the amounts we enter into the accounting software from the amortizations table. We will then enter the second payment using a check. We will see that the amount of the payment entered into the accounting software will be much the same but the interest and principle will change.
Loan Amortization (Regular Payments Received) Accounting Calculations & Journal Entries
 
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How to amortize and record a loan (note receivable) with equal payments (annuity type loan payments), calculate the interest revenue on the loan for the period (duration) of the loan, then amortize the interest revenue and recognize the revenue on the income statement, following steps (accounting detailed), (1) discount the loan (FV) back to the issue date using the interest rate on the loan (using Excel PV function given interest rate & payments), (interest revenue = FV lump sum payment - PV lump sum payment), if interest rate is unknown, (using Excel IRR function given PV & payments to determine interest rate), (2) setup debt amortization schedule and amortize the interest revenue over the duration of the loan, and (3) record on balance sheet and income statement (T Accounts), loan receivable, discount loan receivable (contra account) and interest revenue, detailed calculations for accounting and recording the loan receivable by Allen Mursau
Views: 14077 Allen Mursau
How to Calculate the Issue Price of a Bond (Semiannual Interest Payments)
 
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This video shows how to calculate the issue price of a bond that pays semiannual interest. The issue price is the sum of: (1) the present value of the face value of the bond, which is to be paid when the bond matures, and (2) the present value of the interest payments. Because the bond pays interest semiannually, the interest rate should be divided by two and the number of periods should be adjusted (e.g., if it is a 10-year bond, there would be 20 periods because interest is paid twice a year). The video provide formulas to calculate the present values and illustrates the computations using an example. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 24984 Edspira
Bonds Effective Interest Method - Discount
 
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This video explains how to calculate a bond that sells at a discount. It shows the corresponding journal entries on the original sale and interest payments. It also shows how to prepare the amortization table and explains what the numbers represent.
Views: 27367 mattfisher64
Ex BE 14-5 (Devers Co): Issue Bond Between Interest Payments| Intermediate Accounting| CPA Exam FAR
 
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Issue bond between interest payments, accrue interest, effective interest rate method, bond discount, bond premium, carrying value of bond, premium, discount, bond issue between interest dates, CPA EXAM bond retirement, extinguishment of debt, debt extinguished, gain on bond retirement, loss on bond retirement, Bond valuation, bond pricing, bond interest expense, par value, amortization, straight line method, effective interest rate method, bond discount, bond premium, carrying value of bond, premium, discount, bond issue between interest dates, CPA EXAM
How to Account for a Finance Lease (Lessee's Perspective)
 
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This video shows how the lessee would account for a lease classified as a finance lease under the new lease accounting rule. The lessee would initially recognize a right-of-use asset and a liability for the lease payments. The right-of-use asset is amortized over time, while the lease liability is reduced when lease payments are made and increased as interest effectively accrues on the lease liability. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 21610 Edspira
Bonds Straight Line Amortization
 
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This video shows how we use the straight line amortization method to record interest expense for both a discount and a premium.
Views: 29994 mattfisher64
Simple Interest Formula - MathHelp.com - Math Help
 
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For a complete lesson on the simple interest formula, go to http://www.MathHelp.com - 1000+ online math lessons featuring a personal math teacher inside every lesson! In this lesson, students solve word problems using the "interest" formula, which states: interest = principal x rate x time. For example: How much principal must be invested to earn $471 in 3 years at an interest rate of 10%?
Views: 864774 MathHelp.com
How to Calculate the Issue Price of a Bond (Annual Interest Payments)
 
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This video shows how to calculate the issue price of a bond that pays annual interest. The issue price is the sum of: (1) the present value of the face value of the bond, which is to be paid when the bond matures, and (2) the present value of the interest payments. This video provides the formulas to calculate these present values and illustrates the computations using an example. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 9541 Edspira
Bond Accured Interest Between Regular Interest Payments Calculated And J/E Recorded
 
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How to calculate and record interest accrued on a bond between regular interest payment dates, detailed example with accounting journal entries based on the effective interest method, example accounts for accrued interest from last interest payment thru the accrual (reporting date) of the bond, detail shown with cash flow diagrams and bond amorization schedule, start with bond carrying value, calculates interest payment at stated interest rate, interest expense market rate, difference equals amortized premium or discount which reduces (increases) bond carrying value, based on bond amortization schedule accounting balance sheet and income statement journal entries are recorded and shown for bond payable, premium or discount, interest payable and interest expense realized, detailed accounting by Allen Mursau
Views: 1094 Allen Mursau
Bonds - Semiannual interest payments - Example 1
 
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In this video, you will learn how to find the value of bonds when interest is paid annually, semiannually and quarterly.
Views: 5544 maxus knowledge
How to create a Invoice, Charge Interest, Monthly Statement in QuickBooks
 
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Do you need to create an invoice and charge interest each month? Would you also like to send a Monthly Statement? Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 11980 Candus Kampfer
How to Amortize a Bond Discount
 
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This video explains how to account for bonds issued at a discount using the effective interest rate method for bond discount amortization. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 107913 Edspira
Franchise Fees Accounting (Initial Down Payment With Annual Payments, Unearned Vs Earned Revenue)
 
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Accounting for initial franchise fees from the franchisor's prospective to determine revenues on the sale of the franchise, initial down payment with annual payments in the future, example National Pizza Corp. sells franchise to Franchisee: Terms of agreement: 1-Down payment at signing $56,000, 2- Three annual payments ($28,000 x 3) $84,000, Total cash receipts $140,000, Franchisee's borrowing rate = 10%, Case-1: No future services required & collection of note is reasonably certain, revenues include the down payment plus the annual payments discounted back to their present value, Case-2: Future services are yet to be performed & collection of note is reasonably certain, revenues include the down payment & the present value of the annual payments are recorded as unearned revenue (liability), detailed accounting by Allen Mursau
Views: 12331 Allen Mursau
How to find Interest & Principal payments on a Loan in Excel
 
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More help: https://www.teachexcel.com Excel Forum: https://www.teachexcel.com/talk/microsoft-office?src=yt How to find the interest and principal payments on a fixed rate loan in excel. This tutorial will walk you through using the PPMT() and IPMT() functions in excel in order to find out how much of a monthly payment on a loan actually goes to pay off the loan amount and how much is just an interest payment. More free excel stuff such as macros, tutorials, articles, etc. go to: TeachExcel.com
Views: 467474 TeachExcel
Payments and Interest Calculate in Excel
 
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Right video https://youtu.be/bC08uG_jEJ0 how to calculate payments and interest rates when making a large purchase such as a home or car Moter . Interest Calculate
Views: 57206 C TECH
Accruals explained
 
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Accruals, accrued expenses, and accrual accounting. The accrual principle is used extensively in the business world, but not intuitively clear to everyone. This short tutorial provides clear and simple examples of the accruals concept and accrual journal entries, so you can contribute to the discussion in your company next time the topic comes up! In many companies, the topic of accruals resurfaces at the end of every period, usually as a variation on this question asked by the CFO or corporate controller: “Quarter-end is near…. Do you have any accruals that need to be included?” Most finance people would know what the CFO means here, and the CFO probably assumes the rest of the business does as well, but that is often not the case. The question from the CFO could actually mean two things: are there any expense accruals to be made, or are there any revenue accruals to be made? You would make an expense accrual when expenses have been incurred for which we have not yet received an invoice from a supplier. You would make a revenue accrual when goods or services have been delivered, in other words the revenue has been earned, but we have not yet actually billed the customer. Using accruals allows a business to more closely adhere to the matching principle. If you have any accrual examples for your company, then please share them as a comment below this video. Once you understand accruals after watching this video, deferrals and prepaid expenses are an important topic to study next: Deferred revenue https://www.youtube.com/watch?v=SNguYyKrqL4 Prepaid expenses https://www.youtube.com/watch?v=hUz39T8-V1I Prepaid expense examples https://www.youtube.com/watch?v=drX-qrrvedo Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
Introduction to present value | Interest and debt | Finance & Capital Markets | Khan Academy
 
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A choice between money now and money later. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/present-value/v/present-value-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/present-value/v/time-value-of-money?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: If you gladly pay for a hamburger on Tuesday for a hamburger today, is it equivalent to paying for it today? A reasonable argument can be made that most everything in finance really boils down to "present value". So pay attention to this tutorial. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 771401 Khan Academy
Time value of money | Interest and debt | Finance & Capital Markets | Khan Academy
 
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Why when you get your money matters as much as how much money. Present and future value also discussed. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/present-value/v/introduction-to-present-value?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/interest-tutorial/cont-comp-int-and-e/v/continuously-compounding-interest-formula-e?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: If you gladly pay for a hamburger on Tuesday for a hamburger today, is it equivalent to paying for it today? A reasonable argument can be made that most everything in finance really boils down to "present value". So pay attention to this tutorial. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 441676 Khan Academy
Simple Interest: finding Principal, Rate or Time 141-27
 
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Using the formula for simple interest to find the principal, the rate or the time. This video is provided by the Learning Assistance Center of Howard Community College. For more math videos and exercises, go to HCCMathHelp.com.
Views: 260948 HCCMathHelp
Notes Payable (Zero Interest Bearing Note, Payable In Installment Payments, Capitalized Value)
 
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Accounting for zero interest bearing note paid back on installment payments, example is for note exchanged for equipment (computer system), the equipment capitalized amount (present value of note) equals the notes maturity value discounted back to its issue date using the notes implict interest rate, the discount (notes cash payments - notes present value of annuity payments) is amortized using the implicy interest rate which is the interest expense realized on this note, example Corp-A purchased computer system on 12/31/20X1, paying $100,000 down and agreeing to pay the balance in four equal installments of $80,000 each (12/31), assumed interest of 8% is implicit in the purchase price, Zero Interest Note, no stated Interest Rate on note exchanged, implied in price on exchange, detailed accounting by Allen Mursau
Views: 8032 Allen Mursau
Note payable interest payments
 
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Note payable interest payments
The 5 Components of Pension Expense (for a defined-benefit plan)
 
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This video explains the components of pension expense for a defined-benefit plan: (1) Service Cost (2) Interest Cost (3) Expected Return on Plan Assets (4) Amortization of Gains or Losses (corridor amortization) (5) Amortization of Prior Service Cost Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/ To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 30590 Edspira
Leasing - Accounting for variable lease payments
 
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Learn more at PwC.com - https://pwc.to/2FgEShv Variable lease payments may impact what a lessee presents on its balance sheet under the new standard. PwC explains how in this video. *Transcript text has been reduced for space restrictions. Watch the full video for the complete information. We’re continuing our leases video series with a discussion on variable lease payments. These payments will impact lease measurement and classification for a lessee under the new leases guidance. A lease liability and a right-of-use asset will be recorded on the lessee’s balance sheet for virtually all of its leases. In this video I’ll cover: What are variable lease payments; Which of these payments are included when you measure and classify the lease; and How to account for changes in these payments. What are variable lease payments? They’re any payments made for the right to use an asset that vary because of changes in facts or circumstances occurring after the commencement date, other than for the passage of time. Variable lease payments are broken down into two categories. The first category is payments that change based on an index or a rate, such as the consumer price index, or “CPI”, or a benchmark interest rate, such as LIBOR. The second category is all other changes, such as factors based on usage or performance. The second category includes payments based on the use of the leased asset, such as payments based on excess mileage under a car lease. Or payments based on performance, for example, when a company has to pay the lessor a percentage of its sales in a retail store lease. Only the first category, that is, variable lease payments based on an index or a rate, are included when measuring and classifying a lease. So how does a company include a payment that’s going to change over time when it doesn’t know the actual amount that will be paid over the lease term? Well, the company should use the index or rate at lease commencement for all of the payments throughout the lease term. Any subsequent change from the original index or rate would be treated as variable lease expense. The lease liability should NOT be remeasured when the index or rate changes. The only time that it would be updated is when the lease liability is remeasured. For example, if there was a contract modification that’s not accounted for as a separate contract or a change in the assessment of lease term. Let’s illustrate this by walking through an operating lease example: · Say a company is leasing retail space for 5 years. · The company is required to make an annual lease payment at the beginning of each year. According to the lease agreement, the payment is calculated as $4,000 times the prior year’s CPI. · The prior year CPI was 250 at lease commencement. · So the initial payment due at lease commencement is calculated as $4,000 * 250, or $1 million. · The lease payment will be used to measure and classify the lease because the payment is based on an established index. · But the annual payment will change every year as CPI changes. So what amounts should be used for each year’s annual payment? · Well, the company needs to use the index at lease commencement that is a CPI of 250, to calculate the annual lease payments for the entire lease term. · So the amount of the lease payments would be $1 million per year, or $5 million for the entire five year lease, which will be used to calculate the straight line lease expense. · The company will record the lease liability at the present value of the four remaining $1 million payments due during the lease term. The right-of-use asset will equal that amount plus the initial $1 million payment. So what happens when the lease payment changes in year 2? · Let’s say that CPI for the following year was 255. This results in the second year payment to be calculated as $4,000 * 255 or $1,020,000 at the beginning of year 2. · How should the company account for that payment? · One million dollars is already factored into the lease liability and the straight-line lease expense because that part of the payment was based on the CPI at lease commencement. · The additional $20,000 should be recorded as variable lease expense in the period in which it is payable. With the effective date of the new leases standard quickly approaching, companies will have a lot of work ahead of them getting ready for the new guidance. But the good news is there are many resources available to help. For more information, please refer to the Leases page on CFOdirect.com.
Views: 6076 PwC US
Payment, Received, Journal, Contra Entry Busy Accounting Software  9210161132-9212221060
 
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A. K. SOFTWARES AND SERVICES 35-A, MAIN ROAD, EAST AZAD NAGAR, KRISHNA NAGAR, DELHI-110051 E-mail : [email protected] Website : www.busyak.in Contact : (9210161132 Shahrukh Sir, 9212221060 Amit Sir)
Time Value of Money TVM Lesson/Tutorial Future/Present Value Formula Interest Annuities Perpetuities
 
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http://www.subjectmoney.com This Time Value of Money Lesson TVM covers all the basic concepts of the Time Value of Money that you would learn in Finance. In this tvm tutorial we cover simple interest, compound interest, present value formula, future value formula, annuity due, ordinary annuity, present value of annuities, future value of an annuity, intrayear compounding interest, and perpetuities. In this time value of money lesson we teach you by video using visualizations to help you understand how money and time works. If you study this finance tvm video tutorial in combination with what you leanr about the time value of money in your finance class, you should have a clear understanding when it is time to take your time value of money tvm test or exam. I’m glad that I could help you study for your finance time value of money exam. What is simple interest? What is compound interest? What is an ordinary annuity? What is an annuity due? What is the present value formula? What is the future value formula? How to solve the present value of an uneven series of cash flows. What is a perpetuity? How to solve the present value of an ordinary annuity. How to solve the present value of an annuity due. How to solve the future value of an annuity due. How to solve the future value of an ordinary annuity. Present value of a perpetuity formula. Time value of money, time value of money lesson, tvm, tvm lesson, tvm formulas, time value of money formulas, present value formula, future value formula, present value, future value, annuity due, ordinary annuity, simple interest, compounding interest, intrayear compounding interest, perpetuity, present value of a perpetuity, how to present value, what is present value, what is time value of money
Views: 197968 Subjectmoney
How to Calculate Car Payments
 
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Watch more How to Buy a Car videos: http://www.howcast.com/videos/399308-How-to-Calculate-Car-Payments You've just seen the car of your dreams, but you're not sure if the price is right. In a few steps, you can calculate your potential car payments and decide if you'll be able to afford a new ride. Step 1: Convert the interest rate percentage to a decimal Convert your loan's interest rate to a decimal number by dropping the percent sign and dividing the number by 100. Step 2: Divide decimal number by 12 Divide the interest rate on your car loan by 12. Write this number on a piece of paper. Step 3: Multiply by your car loan principal Multiply the number by the loan's principal amount -- the total amount of your car loan. Write this number down, as it will be used in your final calculation. Tip Remember to subtract any down payment you might make from the new car's purchase price when figuring out the principal amount. Step 4: Add 1 plus the interest divided by 12 Recall the number you got from dividing the interest rate by 12 in step 2. Add 1 to this number. Step 5: Multiply sum by itself, using number of payments as exponent Take the sum from step 4 raised to the power of the number of months included in the term of your loan. For example, if you will make 36 monthly payments, multiply the sum from step 4 by itself 36 times. Step 6: Calculate 1 divided by this sum Calculate 1 divided by the result from step of your multiplication. Tip Round this number to the nearest hundredths place to make it easier to work with. Step 7: Subtract sum from 1 Subtract this number from 1. Jot this number down for use in your final calculation. Tip Avoid the math by using car payment calculators found on many auto dealer and bank websites. Step 8: Divide the first number by the second Divide the number from step 3 by the number from step 7 for your final monthly car payment. Think about whether this will fit into your monthly budget. If so, you might want to ride off in that dream car. Did You Know? The Smithsonian Institute has been collecting cars since 1899, and has more than 60 cars in its collection, including a 1913 Model T Ford and a 1903 Cadillac.
Views: 211296 Howcast
Ordinary Annuity And Annuity Due Interest, Payments, Present Value, Future Value
 
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Calculate present value, future value for both ordinary and annuity due type annuities, knowing the equal payments, interest rate, and time frame calculate the present value and future value for the annuity, usually done with financial functions on a calculator, understanding the hand calculations shown here gives the accounting student an understanding of how payments and interest along with present and future are determined for an annuity (used for accounting journal entires, etc.), demonstrated using cash flow diagrams for each case (PV & FV ordinary annuity, PV & FV annuity due), calculations shown thru amortization schedules, based on (beginning balance + interest + payment = ending balance, ending balance becomes next periods beginning balance), gives an understanding of how annuities work and amounts that would be used in accounting problems by Allen Mursau
Views: 45420 Allen Mursau
Chap 09 Lecture:  Notes Receivable and Interest
 
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This lecture covers notes receivable and interest revenue including the following: 1) Why notes instead of accounts receivable? 2) 6%, 60-day method for determining interest, 3) calculation of interest, and 4) determination of time period of note when stated in days and when stated in months. A exercise illustrates acquiring notes receivable, calculations for accruing interest before financial statement preparation, and receipt of the cash in payment of a note at maturity.
Views: 22164 oruaccounting
Troubled Debt Restructuring (Effective Interest Rate Calculated, Reduced Principal & Payments )
 
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Accounting for troubled debt restructuring by restructuring principal amount and interest payments by forgiving early year payments and requiring later year payments on interest, determining a loss (bad debt expense) on restructuring by comparing the pre-structured carrying amount to the present value of restructured cash flows, based on the present value of restructured cash flows the effective interest rate is calculated using a financial calculator, using the new effective interest rate the interest revenue is calculated and the loan is amortized thru the allowance for doubtful accounts (contr revenue account), example is On 12/31/20X1 Bank-B enters into a debt restructuring agreement with Corp-A, which is experiencing financial difficulties, Bank-B restructures a $1 mil Loan receivable issued at par (interest is paid to date), note restructured by: 1-Reducing principal obligation from $1,000,000 to $900,000, 2-Note has 4-yrs remaining, maturity date to 12/31/20X5, 3-Pay current interest rate at 12%, stated rate on note (Current market IR for loan of this nature is 14%), 4-Pay only the 3rd & 4th year of interest payments at 12% (Interest payments for 1st and 2nd years are not required), detailed accounting by Allen Mursau
Views: 3049 Allen Mursau
How to build an Amortization table in EXCEL (Fast and easy) Less than 5 minutes
 
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Hi Guys, This video will show you how to build an amortization table in excel is less than 5 minutes :) Please subscribe and watch all our tutorials www.i-hate-math.com
Views: 509002 I Hate Math Group, Inc
Compute the Present Value of Minimum Future Lease Payments
 
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This is an example that I use in my introductory managerial accounting course to teach the concept of present value when a guaranteed residual value exists.
Views: 4639 Kevin Kimball
Notes Payable Payments Journal Entry - Payment on Installment Note Using Amortization Table
 
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Notes payable payments journal entry will enter the journal entry for making a payment on an installment note using an amortization table. We will enter the transaction in the general journal, post it to the general ledger, and see the effect on the trial balance. To record a financial transaction for the payment of an installment note we need an amortization table to determine the amount allocated to interest and the amount allocated to principle. Although the payment amount will often not change on an installment note, the amount allocated to interest and principle will change with each payment. We will enter a journal entry debiting interest expense, debiting notes payable, and crediting cash. The accounting transaction for payment on installment not will decrease cash, increase expenses, decrease the principal portion of the note, bring net income down, and bring total equity down. For more accounting information see website. http://accountinginstruction.info/
1400.20 Bond Issued at Discount & Interest Payments
 
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Issue of bonds at a discount, interest payment calculation, discount amortization on a straight line method, and related journal entries.
07-H, Cash Discount Partial Payment
 
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Views: 11009 NPCCAR
Example of Loan Amortization
 
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Basic Finance: A loan of $50,000 is given with a term of 30 years at 8% interest. The monthly payment is $366.88. For the first three payments, (a) calculate the balance on the principal after each payment, and (b) split the payment into the amounts paid on the principal and interest.
Views: 51902 MathDoctorBob
How to setup a Loan in QuickBooks
 
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Learn how to apply for your loan payments properly: https://canduskampfer.com/break-principal-vs-interest-loan-inside-quickbooks/ Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 48905 Candus Kampfer
Bank Loan and EMI Accounting in Tally ERP 9 with GST Part-64|Loan installment Entry| EMI Calculation
 
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Learn Bank Loan and EMI Accounting Entries in Tally ERP 9 with GST, how to post Loan installment Entry, how to calculate Loan EMI in Excel and post journal entries in tally with gst, learn what is the impact of gst on bank loan, impact of gst on bank loan interest, Learn all about bank loan repayment and bank loan installment entries with gst in tally erp 9 release 6.2. Learn how to create bank loan account ledger in tally. Watch to know bank loan repayment process in Hindi. It is Full Step by Step Tally GST Tutorial in Hindi. It is a Part of RSCFA Course run by Career Planet. Tally GST Tutorial for Beginners. This Tally ERP 9 Video Tutorial Based on Advance, Professional, expert Tally course for GST Accounting in Tally. 👉Click to Watch All Videos on GST Accounting Entries in Tally Day by Day – https://www.youtube.com/playlist?list=PLlDtUyWdJwXWXAGj_W0peoAfenOKHeCYN 👉Click to Watch Basic Tally Accounting Video Day By Day- https://www.youtube.com/playlist?list=PLlDtUyWdJwXXx8VkVuPoRuqbVJzOBj9Cv Visit Our Website: http://www.cpitudaipur.com Visit Our Blog: http://cpitudaipur.blogspot.in/ Like Our Facebook Page: http://facebook.com/cpitudr Please Subscribe to Our Channel https://www.youtube.com/channel/UCSMsxXvvi-7XvygtsMWRBOg
Notes Receivable (Loan) With Annuity Payments (Effective Interest Rate Method & J/E's)
 
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How to amortize and record the discounted notes receivable with equal payments (annuity type loan payments) using the effective interest rate method, calculate the interest revenue on the notes receivable for the period (duration) of the note, then amortize the interest revenue and recognize the revenue on the income statement, following steps (accounting detailed), (1) discount the note receivable (FV) back to the issue date using the interest rate on the note (using Excel PV function given interest rate & payments), (interest revenue = FV lump sum payment - PV lump sum payment), if interest rate is unknown, (using Excel IRR function given PV & payments to determine interest rate), (2) setup debt amortization schedule and amortize the interest revenue over the duration of the note, and (3) record on balance sheet and income statement (T Accounts), notes receivable, discount notes receivable (contra account) and interest revenue, detailed calculations for accounting and recording the notes receivable by Allen Mursau
Views: 2407 Allen Mursau
Interest Rate Swap 1
 
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As per Wikipedia, "an interest rate swap (IRS) is a popular and highly liquid financial derivative instrument in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another." Companies perform such agreements to save on interest payments, and this post will detail out how an interest rate swap happens and how we perform the calculations on an interest rate swap. For an explanation with images and tables, please head to the blog post at http://sg-accounting.blogspot.sg/2015/06/how-to-perform-an-interest-rate-swap.html
Views: 24072 Sg Accounting
QuickBooks Pro 2019 Enter Loan Payments From Amortization Table
 
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Enter principle deduction and related interest for loan payments on an installment note in QuickBooks Pro 2019. We will first generate an amortization table. The amortization table is often not given in a loan agreement but is needed to break out interest and principal portions of a loan. The payments of most installment agreement will be the same each period but the allocation of interest expense and principal will very. We will also talk about other options for entering the loan payment into QuickBooks and making adjusting entries at the end of the accounting period. Once we have created the amortization table we will enter the first two payment into QuickBooks. We will enter the first payment into the check register using the split option to enter multiple accounts. We will enter the second payment into the check form. We will then check the financial statements. We will see cash going down for the amounts paid, interest expense going up but not being the same for the two payments and the loan balance going down but not by the same amount for the two payments. We will then check that the loan balance in QuickBooks matches the balance on the amortization schedule. For more accounting and QuickBooks information see accounting website. http://accountinginstruction.info/
Interest Payments - Itemized Deduction Interest - Federal Income Tax 2018 2019
 
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Interest payment may be deductible for federal income taxes in the year 2018 2019 but there are limitations. The most common interest payment deduction is mortgage interest and it is one of the big items that may allow taxpayer to take itemized deductions instead of the standard deduction. Interest payment deductions like mortgage interest is generally an itemized deduction and that means we would need itemized deductions greater then the standard deduction for them to benefit us. There are also restriction on the loan amount that we can deduct interest for. For more accounting and tax information see accounting website. http://accountinginstruction.info/
Notes Receivable (With Regular Payments) Accounting Journal Entries On B/S & I/S
 
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How to record the journal entries for a discounted notes receivable with equal (regular) payments (annuity type loan payments) on balance sheet and income statement (T Accounts on a balance sheet template), using cash account, notes receivable, discount notes receivable (contra account) and interest revenue, using balance sheet template, example is shown as a cash flow diagram for understanding what has to be amortized for interest revenue on the notes receivable, explains how to record the note at the issue date and for each subsequent period the note is outstanding, shows how to setup the discount to notes receivable as a (contra account) to notes receivable (asset), each subsequent period the amortized interest revenue, reduces the discount account and is recognized as an revenue on the income statement until the discount to notes receivable is amortized down to zero balance, then shows how to close out the notes receivable account when the note is paid, detailed journal entries for recording and amortizing the notes receivable with (T Accounts) for accounting and recording the notes receivable by Allen Mursau
Views: 2508 Allen Mursau
Notes Payable (With Regular Payments) Accounting Journal Entries On B/S & I/S
 
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How to record the journal entries for a discounted notes payable with equal (regular) payments (annuity type loan payments) on balance sheet and income statement (T Accounts on a balance sheet template), using cash account, notes payable, discount notes payable (contra account) and interest expense, using balance sheet template, example is shown as a cash flow diagram for understanding what has to be amortized for interest expense on the notes payable, explains how to record the note at the issue date and for each subsequent period the note is outstanding, shows how to setup the discount to notes payable as a (contra account) to notes payable (liability), each subsequent period the amortized interest expense reduces the discount account and is recognized as an expense on the income statement until the discount to notes payable is amortized down to zero balance, then shows how to close out the notes payable account when the note is paid, detailed journal entries for recording and amortizing the notes payable with (T Accounts) for accounting and recording the notes payable by Allen Mursau
Views: 3466 Allen Mursau
Notes Payable (Loan) With Annuity Payments (Effective Interest Rate Method & J/E's)
 
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How to amortize and record the discounted notes payable with equal payments (annuity type loan payments) using the effective interest rate method, calculate the interest expense on the notes payable for the period (duration) of the note, then amortize the interest expense and recognize the expense on the income statement, following steps (accounting detailed), (1) discount the note payable (FV) back to the issue date using the interest rate on the note (using Excel PV function given interest rate & payments), (interest expense = FV lump sum payment - PV lump sum payment), if interest rate is unknown, (using Excel IRR function given PV & payments to determine interest rate), (2) setup debt amortization schedule and amortize the interest expense over the duration of the note, and (3) record on balance sheet and income statement (T Accounts), notes payable, discount notes payable (contra account) and interest expense, detailed calculations for accounting and recording the notes payable by Allen Mursau
Views: 2735 Allen Mursau
Bond Issuance Examples
 
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Roger Philipp, CPA, CGMA, presents a basic bond issue with a face value of $1 million, term of 5 years, and stated or coupon rate of 8% in the video 11.01 - Bond Issuance Examples. He also shows the journal entries for issuance and interest payments at market rates or effective rates of 8%, then 10%, and then 6%. If the bond is issued to yield 8%, then the bond is issued at par and interest expense will equal the interest payment. If the effective interest rate is 10% then the bond is issued at a discount. Now interest expense will no longer equal the cash coupon interest paid. Roger explains how to set up the journal entry, keeping things simple for now with straight-line amortization of the bond discount. Roger continues the problem by showing in the journal entry how the issuer’s interest expense will equal the market rate of 10%. Finally, Roger walks through the journal entries for this 8% face rate bond issued at a premium with a yield of 6%. As an advanced bonus, Roger has us consider the effects of the bond interest payments on the statement of cash flows. Connect with us: Website: https://www.rogercpareview.com Blog: https://www.rogercpareview.com/blog Facebook: https://www.facebook.com/RogerCPAReview Twitter: https://twitter.com/rogercpareview LinkedIn: https://www.linkedin.com/company/roger-cpa-review Are you accounting faculty looking for FREE CPA Exam resources in the classroom? Visit our Professor Resource Center: https://www.rogercpareview.com/professor-resource-center/ Video Transcript Sneak Peek: Now, next page it says issuance of bonds example and we're going to go through this example. Face value of the bonds, million dollars. Term, five year versus what? Term versus serial bond which matures in installments. Stated interest rate 8%. That's how much cash I'm going to get. I'm going to get 8% of a million dollars or $80,000 in cash but what am I earning? That's a different question. Then it says effective or market or yield is eight in example A, ten in example B, six in example C. Notice that we're going to be doing three examples. One is going to be eight, eight which is issued at par, issued at face. We don't have to worry about the discounted premium then we'll go to a discount example, then we'll go to a premium example and then life will be beautiful for you, things will make sense.
Views: 27287 Roger CPA Review
Macro 5.1- Balance of Payments
 
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In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 362552 Jacob Clifford
Balance of payments: Current account | Foreign exchange and trade | Macroeconomics | Khan Academy
 
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Understanding the United States Current Account in 2011 Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/balance-of-payments-capital-account?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/is-lm-model-tutorial/v/government-spending-and-the-is-lm-model?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 358336 Khan Academy
The Cash Budget
 
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This video explains what the cash budget is in Managerial Accounting and demonstrates how to put together a cash budget with a comprehensive example. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 160511 Edspira
Notes Receivable | Intermediate Accounting | CPA Exam FAR | Chp 7 p 5
 
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Notes receivable, honored note, interest bearing note, zero interest bearing note, dishonored note, maturity value, maker, payee, creditor, debtor, interest, accrued interest revenue, accrued revenue, accrued, interest period, allowance for doubtful accounts, allowance for bad debts, bad debt expense, allowance method, direct write-off method, debtor, trade receivable, non-trade receivable