Showing posts with label Accounting videos. Show all posts
Showing posts with label Accounting videos. Show all posts
Saturday, 7 April 2012
Tuesday, 13 April 2010
Investors and Accounting
Buffett encourages investors to develop a good knowledge of accounting.
In a Berkshire shareholders' annual meeting, a New York University MBA student asked Buffett for his advice on how to develop Buffett-like skills. In his response, Buffett mentioned that the student should take as many accounting course as possible.
Remember that you are a consumer and not a prepare of financial information. Act like a detective trying to understand the company's business from reading financial statements.
Buffett reads a lot of financial reports; and for him, perhaps, that is like reading detective novels. As a reader of financial statements, you could have fun discovering behind-the-curtain stories.
Accounting numbers are based on a large number of estimates, and hence, they are not really hard numbers. Yet, academic research shows that long-short investing strategies can often be developed by using accounting knowledge.
When you study financial statements, be a skeptic. Most accounting numbers are reliable, but you must remain vigilant.
Related readings:
In a Berkshire shareholders' annual meeting, a New York University MBA student asked Buffett for his advice on how to develop Buffett-like skills. In his response, Buffett mentioned that the student should take as many accounting course as possible.
Remember that you are a consumer and not a prepare of financial information. Act like a detective trying to understand the company's business from reading financial statements.
Buffett reads a lot of financial reports; and for him, perhaps, that is like reading detective novels. As a reader of financial statements, you could have fun discovering behind-the-curtain stories.
Accounting numbers are based on a large number of estimates, and hence, they are not really hard numbers. Yet, academic research shows that long-short investing strategies can often be developed by using accounting knowledge.
When you study financial statements, be a skeptic. Most accounting numbers are reliable, but you must remain vigilant.
Related readings:
Videos-Financial Accounting by Susan Crosson
Where is Ze Moola
Visit this site to see how this blogger dissect the companies through using his accounting and other knowledge.
Friday, 9 April 2010
Videos-Financial Accounting by Susan Crosson
Videos-Financial Accounting by Susan Crosson
Click here for all the videos
http://www.youtube.com/user/SusanCrosson
Financial and Managerial Accounting topics covered in college Accounting courses are explained. Offerings also include videos about accounting software choices.
Click here for all the videos
Accounting Basics 1- Where did Accounting Come From?
Cash Flow 3 Investing Activites-Investments
http://www.youtube.com/user/SusanCrosson
Financial and Managerial Accounting topics covered in college Accounting courses are explained. Offerings also include videos about accounting software choices.
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