How Accounting Fraud Actually Works.

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Title	:	How Accounting Fraud Actually Works.
Lasting	:	21.38
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✉️ The first 100 people to use my link will get the license for $49 dollars ➡️ socialappsumocom/jaketran-sendfoxbrSubscribe to @Karlton Dennis’s channel to learn how to lower your taxes legally: jakeyt/karlton
Comment from : Jake Tran

This channel is lifting me upto the most nastiest human beings to ever exist😂😂
Comment from : Death over disrespect

Actually, a company can decide over how many years an asset gets depreciated There's a difference between depreciation for tax purposes and depreciation for accounting purposes Not all companies are the same and not all assets have the same useful lives in each company, that's logical
Comment from : Christoph Gouws

again tho this is how reddit is doing so well on paper, its all bots feeding bots, the real people ledt already, its just the dumbass kids caught in the middle that are suffering the social programming from the bullshit being fed to them bu god knows whobrbrHmm Tencent Holdings is one of their largest investors you can invest in atm, but reddits IPO is hitting the market soon, gonna short that bitch like mad
Comment from : Obi Wan Cannabi

Why would talking about Jeffrey Epstiens' connection to Victoria's Secret get demonentized? And even if it did, WHO CARES?!? Stop letting them scare you into submission
Comment from : David Powell

Effery Jepisten
Comment from : Rocky Vette

I’ve bought cars in NJ from Mafia based dealerships and I remember being told by my uncle as a young kid “yeah the mafia runs waste management”brbrMy personal experience with those connected they will talk about acts of violence in front of me and act like it’s nothing and based on my response they were cool with me brbrI just learned which I hope all people know but they don’t “mind your own fucking business”
Comment from : seth ennis

Trash truck 😂😂😂🤦‍♂️
Comment from : Chase

Big 4 are smiling in corner
Comment from : Anuj Kr V

GAAP (books) vs tax depreciation are different
Comment from : Elliott TM

The auditors should’ve caught the change in estimated useful life
Comment from : Elliott TM

Depreciation is a non cash expense, not a loss
Comment from : Elliott TM

19:05 "Effrey Jepstein"
Comment from : MZRE

(((Wexner)))
Comment from : 4090 Gameplay

3:29 Quoting a random movement in stock price in meaningless without knowing the market cap and dilution I see so many new investors that think a stock is cheap or expensive based solely on stock price and forget you're evaluating a tangible business with assets, liabilities, and revenue
Comment from : LEVERA6E Silver

Jake, your content is addicting !!😅
Comment from : Chris Martin

rraising the depreciation span of tangible assets on your balance sheet isn't necessarliy cooking the books it's all a "guess" to how long you think, a truck in this case, keeps being functional in the business if you think that, over time, this will be 10 years instead of 8, you can switch it up to 10 AGain, it's all about making a good guess this is never a solid figure (im talking about the amount of years you can depreciate tangible asset here)
Comment from : evilblood126

If you can combine depreciation with debt, you can prevent hostile takeovers and grow your business; while having no tax obligation (or lower taxes) You have to make sure the board can't pull the rug out from under you, helps for the founder to have a large stake; I think Zuckerberg sold his shares (owns less) but retained his voting rights from those shares
Comment from : Raw Financial News

Nonsense Waste Management can legally depreciate the trucks over their usable lifetimes, whether that’s 8 years, 10 years, or 15 years Businesses do this all the time
Comment from : Mitchell Smith

As a private equity, Analyst, this is kinda wrong Most knowledgeable investors don’t pay attention to profitability They look at EBITDA which is a much more accurate financial indicator
Comment from : cardplayer21

Jake is monetizing the fuck out of this video
Comment from : cyuzna

This video kinda sucks Feels like everything is dragged out
Comment from : cyuzna

I'm a teacher of finance Now onwards, I'm gonna teach depreciation the way you explained here
Comment from : Subhojit Bhattacharya

Instead of increasing the depreciation period, just have a resale value at the end of 8 yearsbrbrThat reduces the depreciation amount as per accounting practicebrbrExample, instead of depreciating 300k over 8 years, you can depreciate 250k over 8 years if you can prove that the truck can resale for 50k at the end of 8 years
Comment from : Phillip Kleopas

This video is absolute garbage
Comment from : And Then

So this accountant never heard of EBITDA???
Comment from : And Then

Prestige the silent, social achievement
Comment from : Shh Shh

With IFRS there is something called a temporary difference
Comment from : Sakhile Ngwenya

this is BS, you can depreciate you asset on your annuale reports and use the GOV depriciation for your tax return (which may acually not reprisant the true depritiation of an asset) Furthermore, you need a CPA to sign of on your reports, thus fruad needs to be in conjunction of a CPA, this is not that easy
Comment from : benamit2

Effry jepstein
Comment from : zach j

Thanks for the tips and tricks 🙏 😊
Comment from : Max Payne

Takes notes
Comment from : Ma Pi

Where did you find information about the cost of a new truck (300,000k today)?
Comment from : Giuseppe Siragusa

Reminds me of steinhoff saga
Comment from : Nation Hlohlomi

Wouldn't doing that make them pay way more taxes as well since they have less deductable shit and more income than they actually have? So he hurt his company for personal profit?
Comment from : chuck

The editor needs a raise
Comment from : Sarah (rick harrison who owns a pawn shop btw)

So, It's a crime to cook books but it's alright for the government to give away billions in free foreign aid without accountability Who are the real crooks here!!
Comment from : Rocky Atlantis

First
Comment from : OCD - Gaming And Tutorials

Why aren't you doing your own audio anymore
Comment from : Abdul Mutawakkil

Why do they not say Jefft Epstien real name?
Comment from : Ohgizzle

Thanks bro
Comment from : ScorpionZam ☧

Exciting
Comment from : Julian

Yuhhh
Comment from : Michael Krym

Argue freedom of speech on the accounting statements
Comment from : Octeract [SG]

You're wrong CEO in the background - We are trash tech company not a trash company 😂
Comment from : chandrahas m

Don’t forget to apply Benford’s law when using numbers for nefarious purposes because the IRS uses it to check and see if your numbers are legit or not
Comment from : The Jury Doctor

Depreciation being a non cash item actually don't matter much, most of the investors go for Earning for equality shareholderswhich ignores depreciation
Comment from : Weed Man

I have actually cooked books 😄
Comment from : Weed Man

How could someone be so greedy? He had a monopoly on a whole industry, he had to be so rich Why be SO greedy!?
Comment from : ReprovedCandy

Dont be evil, jake
Comment from : _Undefined

This is all because of democracy In a true authoritarian country, this wouldn't happen
Comment from : DABITZ

4:04 eight million eyeballs*
Comment from : Raphaielle

Jake is falling
Comment from : Saadi El Mehdi Zemmouri

Finally I love videos like these
Comment from : NotJafar

You should Probably Do , " THE PROFITABLE BUSINESS OF , Jehovas whitnesses , Opus dei , Islam , Mormonism , Budhism , Judaism " because you already did one for " The Vatican "
Comment from : xerxes the greatest persian

There is way way way way more to the J E / Les wexner But i'm not going to pay $499 a month to tell YOU !!
Comment from : Billy Boy

Tysm! My uncle needed this tutorial really bad
Comment from : Tyomik Shkolnik

Jake tran energy is like a charismatic leader and the new guy is like a boring teacher
Comment from : ralph edouard jean

Cool collab
Comment from : without a trace

cooking the books (according to recent historical criminal cases)brbrRule 1: get your audits done by one of the 'big four' accounting firms: Deloitte, Ernst & Young, KPMG, PWC, C&L (availability varies by region)brRule 2: bank with HSBC, Deutsche Bank etcbrThat's it brThe 'big four' will pass ANYTHINGfor a slice of the big pie brHSBC, DB etc will launder money from ANYONE for a slice of ya get the ideabrCorporation's / project's links to JP Morgan and/or Gold Filled Sachs smooth introductions
Comment from : NunofyourBusiness

Name of music?
Comment from : PULTOO Chittesh Kumar

The best joke: auditors
Comment from : Philippe Vigier

Stock market cooking the books on Margin Patiently Waiting for repos
Comment from : Ryan

The depreciation code states only the maximum depreciation of a company asset For vehicles this is 25 ot 4 years and after that there is no depreciation on paper So if the depreciation is set from 8 to 10 or 12 years it is not illegal
Comment from : georgi georgiev

Easy just take a good look at the jake Tran channel
Comment from : JustAnotherNamelessGuy

Just when we were getting used to fake news, I find out there's such a thing as fake profit who knew?
Comment from : Gene Lutz

04:00 "Think about it, Morning Brew has more than 4 million subscribers - 4 million eyeballs" I rather hope that it's more like 8 million eyeballs
Comment from : Gary Barnes

Isn't this what McDonald's do with there equipment???????😀 depreciation There equipment there friers cooking tools staff costs expenses yes jaketran ???
Comment from : YNG PILGRIM

Seems something like Jake would do
Comment from : Nautical Novice

Who wants top quality designers for low prices?
Comment from : drip Supply

music is so annoying
Comment from : TheReefsFromSMC

Sounds like China's economy
Comment from : Matthew Briggs

Did you mean 8 million eyeballs?
Comment from : Matviy K

What I took from this is that you need to diversify your portfolio, so that you don’t go all in on a fraudulent company
Comment from : Ian Shaver

Good Ole Arthur Anderson! Remember Enron!?
Comment from : Kevin Lark

Tax avoidance video when?
Comment from : nartmaxxing

Incroyable 😊thanks JT
Comment from : Benjamins Way

so, literally everyone that was unethically involved got away without any legal consequencesbrbreveryone settled after having been able to use the money they "borrowed" to generate even more money before having to pay it off interest-free
Comment from : lostblur

I wish school was this fun to learn (I had one teacher in 8th grade explain things this unique)
Comment from : sxysasquatch

Maybe you should look into the SEC itself for crime
Comment from : 12w0

This is dumb af, man said cook the books 😂
Comment from : Daniel Maina

found the wet market link
Comment from : Noel D Smith

Go to hell
Comment from : The True Eternity

Need a video about the corrupt salvation army, how they use slave labor in the US and evade taxes by claiming to be a church
Comment from : Oliver Wells

DO A VIDEO ABIUT KING COAL!!!!
Comment from : OnSchoolyard

Guess who owns 331 million shares in Waste Management?
Comment from : John Smith

Jaaaaaakkkkkeeeee!!! Nnnooooo!!brBack to all you please
Comment from : Fishin malarkey

I'm not sure what's more impressive: the amount of money they stole, or the fact that they were able to keep it a secret for so long
Comment from : Ihsan Syairazy

33:555 bla bla bla You write about the story I am the story MK
Comment from : QAnnon33:333

In a sophisticated tax jurisdiction , an actual tax deduction allowance rate is prescribed by the tax authority and the difference between the allowance and the depreciation based on the accounting policies would be deferred tax In other words , that depreciation rate change is not available as a tool to move tax forward/back
Comment from : Merlin Botha

The US still uses GAAP over IFRS , it's not surprising that it's easy to mislead users with silly accounting policies over there
Comment from : Merlin Botha