Tech: Open Your Accounting Textbook
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 1 September 2017
⏱️ 26 minutes
🧾️ Download transcript
Summary
We toss around some terms week-to-week and don't always do the best job explaining them in-depth. Today, we dust off our college accounting books to talk about the difference between capitalizing and expensing a purchase, what deferred revenue is, and why operating leverage is a beautiful thing.
Transcript
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| 0:00.0 | Welcome to Industry Focus, a podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | Friday, September 1st, and we're going to try to liven up your Labor Day weekend drives with a little breakdown of some accounting terms. |
| 0:13.0 | I'm your host Dylan Lewis and I'm joined on Skype by School.com, |
| 0:16.3 | tech specialist and CFA charterholder, Evan New. |
| 0:19.5 | Evan, what's going on? |
| 0:20.2 | You got anything fun lined up for the holiday weekend? Not really, a wife's out of time for work, so it's just me and the kids. |
| 0:26.0 | Wild weekend with the kids. |
| 0:30.0 | I think you're still going to have a better weekend than me though. |
| 0:32.0 | I'll be moving this weekend. |
| 0:34.0 | Well that's not hard because anything is better than moving. |
| 0:37.4 | Yeah, we're actually taping today's episode Thursday morning because I am moving on Friday. |
| 0:46.0 | Austin Morgan, our man behind the glass, is a new homeowner and I think recently just went through a move. |
| 0:48.0 | I did. |
| 0:49.0 | You got any moving tips for me? |
| 0:50.0 | Don't do it. |
| 0:52.0 | Hire people to do it for you. Well luckily my brother is a large human, |
| 0:59.5 | he's six floor. You are also a large human. I'm also a big deal but my brother makes it feel |
| 1:04.0 | small sometimes and him and my cousin I was like hey I'll give you guys a |
| 1:08.2 | hundred bucks if you get all of these boxes and bring them over there and they did and then I just had to unpack everything which sucked. |
| 1:15.6 | Man, I wish I could do that. I helped friends move this past weekend and there were |
| 1:20.1 | like 10 of us, it was amazing, in and out, took no time. |
| 1:23.0 | But moving on a weekday means that you don't have that option. |
... |
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