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Accounting Concepts and Principles: Accounting Basics and Fundamentals
 
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This lesson will teach you 7 Accounting Concepts and Principles that underly all accounting studies and practice. To add relevance, reliability and comparability throughout the behaviour of all accountants globally, accountants follow these 7 accounting concepts in all their activities. This lesson should be the first topic you study in your Introduction to Accounting knowledge journey as it lays the fundamentals for all future accounting study. You will learn about: * The Entity Concept 2:07 * The Accounting Period Concept 5:08 * The Cost Principle 8:02 * The Matching Concept 11:34 * The Profit Recognition Principle 13:49 * The Conservatism Principle 16:50 * The Going Concern Principle 20:15 Each concept is explained both with the theory and an example or two. If you apply all these concepts & principles throughout your activity as a student, bookkeeper or accountant then you will be a successful accounting professional. So whether you are a accounting student, bookkeeper or MBA candidate with a finance subject, you should find value in this lesson. You can also get in touch anytime if you need any further help or clarification beyond the lesson. Just check out the contact details in our YouTube Channel. --------------------- Thumbnail Portrait: Photo by Bruce Mars from Pexels --------------------- This video was brought to you by AccoFina. Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Here’s AccoFina’s Most Popular YouTube Video: https://goo.gl/Jbv685 And here’s AccoFina’s Latest YouTube Upload: https://goo.gl/wDM83Y AccoFina Website, Product Pages and Social Networking: 1) Website (includes Free Spreadsheets, Free Books and Free Calculators) http://www.accofina.com 2) Amazon Author Page: http://www.amazon.com/author/axeltracy 3) Udemy Instructor Page https://www.udemy.com/u/axeltracy/ 4) Facebook http://www.facebook.com/accofinaDotCom 5) Twitter http://www.twitter.com/accofina 6) Google+ http://plus.google.com/+accofina
Views: 190308 AccoFina
Learn Accounting in 1 HOUR  First Lesson: Debits and Credits
 
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The ultimate video for new accounting students to learn basic accounting principles and accounting mechanics. This video assumes you know NOTHING and by the end of it, has you reading fortune 500 company financial statements. Learn more and become student at EF University for FREE - http://executivefinance.teachable.com/ Like us Facebook- https://www.facebook.com/exfinance/ Linkedin- https://www.linkedin.com/company/executive-finance Twitter- https://twitter.com/exfinance
Views: 1722829 Executive Finance
Accounting Principles, concepts and conventions, GAAP class 11
 
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1. Business Entity Principle This principle assumes that, business and businessman are two separate entities.  All transactions are recorded from the point of view of business and not from the point of view of businessman.  Businessman is treated as creditor of business. 2. Money measurment Principle  Only those transactions are recorded in the books of accounts which can be measured in terms of Money.  Non – monetary transactions are not recorded in the books of accounts.  Strike, efficiency of management , quality of product, loyal employee., affects the business but cannot be measured in terms of money, that’s why they are not recorded in books of accounts. 3. Accounting Period Principle/Periodicity Principle  Life of business is indefinite, so Indefinite life is divided into periodic intervals, each intervals is known as accounting period(normally one year/12 months).  At the end of each accounting period an financial statements (P&L A/c and Balance sheet) are prepared to know the profitability and financial position of the business. 4. Cost concept or Historical cost concept  All business transaction are recorded at their cost price.  All business assets are recorded in books at cost i.e., the price paid to acquire it.  Any increase or decrease in the market price is not considered.  If nothing is paid to acquire an assets the same will not be recorded as an assets. For example : self generated goodwill, favourable location, managerial skills, moral of employee etc. 5. Matching principle  This concept is based on Accounting period concept.  In order to determined profit earned or loss suffered by a business duiring an accounting period, revenue of that period should be match with expenses incurred in that period.  Matching means association of Revenue with Related expenses.  Due to this concept adjustment should be made for like write off, outstanding expenses, prepaid expenses etc. 6. Dual Aspect Principle:  Every business transaction has double effect one is debited and other is credited.  If transaction is debited, the same should be credited with an equal amount.  Assets are always equal to liabilities.  Hence, Accounting Equation according to this principle is:  Assets = Capital + liabilities 7. Realisation principle or Revenue Recognition Principle  Revenue is considered as being earned on the date when goods are sold, wheather money is received or not. For example sales on approval not recorded as revenue until approved by customer. 8. Materiality  Only those transactions should be recorded which are material or relevant for the determination of income of the business. All immaterial or unimportant items should not be recorded.  For example: purchase of stationary is recorded as an expense even if the stationary purchased is an assets. 9. Conservatism  Anticipate no profits but provide for all possible losses.  Be ready to protect the possible losses, but don’t predict the profits.  For example: provision for bad debts.  Provision for depreciation. 10. Going concern concept/continuity concept  Business will continue for a long time.  There is neither the intention nor the necessity to liquidate the business.  Business activities will continue and transactions will be recorded accordingly. 11. consistency  one policy is used year by year, do not change the policy.  If we change the policy, accounts will not clear the financial statements.  If some proved and better method of accounting is made available it can be adopted by business, but not again and again. 12. Full disclosure  all material information should be disclosed. It means nothing should be hidden.  The concept say, “all information of A/c should show to the public not hide anything.” 13. Timliness  Provide all information to the mgmt. in time.  Record the information/transaction According to Date & time.  If information is not supplied in time it will obstruct the quick decision making.
Views: 136102 PRATHAM SINGH
Accounting  Principles & Concepts | Accounting Concepts | 11th | CA-CPT - By CA Pardeep Jha
 
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Accounting Principles & Concepts, Basic Accountancy by CA. Pardeep Jha, for XIth C.B.S.E. I've explained all the Basic Accounting Concepts and Principles of Double entry Book Keeping. Accrual Concept is discussed in detail in a separate video, Here is the link - https://youtu.be/R2kyJLau5_g This video covers - What is - 1. Prudence /Conservatism Concept 2. Money Measurement Concept 3. Full Disclosure 4. Materiality Concept 5. Cost Concept 6. Matching Concept 7. Realization concept 8. Accrual Concept 9. Consistency Concept 10. Entity Concept 11. Dual Aspect Concept 12. Going Concern Concept 13. Periodicity Concept You can Ask your Queries here or on our Facebook Page www.facebook.com/winningquest Prudence /Conservatism Concept Money Measurement Concept Full Disclosure Materiality Concept Cost Concept Matching Concept Realization concept Accrual Concept Consistency Concept Entity Concept Dual Aspect Concept Going Concern Concept Periodicity Concept What is Prudence /Conservatism Concept What is Money Measurement Concept What is Full Disclosure What is Materiality Concept What is Cost Concept What is Matching Concept What is Realization concept What is Accrual Concept What is Consistency Concept What is Entity Concept What is Dual Aspect Concept What is Going Concern Concept What is Periodicity Concept
Views: 33599 Winning Quest
Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! This is a great Accounting tutorial for the Basics of Accounting for beginners. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Help Support the channel by using one of my links. The Amazon link is my favorite, it is the same experience and same price for you, and i get a small kickback for purchasing goods from my amazon link. THANK YOU FOR YOUR SUPPORT. Amazon Affiliate Link: https://amzn.to/2MS2OMg CHANNEL OPTIMIZATION https://www.tubebuddy.com/CPASTRENGTH NEED PAYROLL FOR YOUR COMPANY https://gusto.com/r/SAtdL Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA #Accounting #Exercise #CPA
Views: 2410953 CPA Strength
Chapter 1 Principles of Accounting
 
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Animated PowerPoint for chapter one
Views: 54515 Marc Christofferson
Accounting concepts(english)| Accounting principles| class 11
 
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In this video iam explaining about concepts of accounting Link for accounting conventions video: https://youtu.be/53AQ3sFbQp0 #accountingconcepts #accountingprinciplesinenglish #principlesofaccounting #basicsofaccounting #accountancyclass11 #class11accounts #introductiontoaccounting #conceptsofaccounting
Principles of Accounting - Lecture 01a
 
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Principles of Accounting; deifition; identify; record; communicate; organization, interested users; financial statements; stakeholders; internal users; external users; management; human resources; finance; customers; SEC; creditors; labor unions; investors; pay raise; dividend; ethics; financial scandals; Sarbanes-Oxley; balance sheet; income statement; GAAP; FASB; IASB; cost principle; historical cost; purchase price; verifiability; fair value;
Views: 400742 Krassimir Petrov
basic accounting concept
 
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basic accounting concept. This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, puzzles, and other features of AccountingCoach.com. (In AccountingCoach PRO you will also find videos, visual tutorials, exam questions, and forms to assist you.) Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with accounting debits and credits as we show you how to record transactions. You will also see why two basic accounting principles, the revenue recognition principle and the matching principle, assure that a company's income statement reports a company's profitability. In this explanation of accounting basics, and throughout all of the free materials and the PRO materials—we will often omit some accounting details and complexities in order to present clear and concise explanations. This means that you should always seek professional advice for your specific circumstances.
Views: 265392 be ngo
Accounting Basic Principles
 
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Learn about accounting basics, accounting principles, basic payroll principles and payroll accounting software. http://www.christianet.com/accounting/
Views: 3935 ChristiaNet, Inc.
FAC1503 - Introduction to the Accounting Equation - Part 1
 
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Welcome to Accounting for Law Students. This video serves as an introduction to the Accounting Equation. We cover the basic principles of the Accounting Equation and look at the classification of accounts according to the Periodic System.
Views: 40803 SwotSmart
Accounting 101: Learn Basic Accounting in 7 Minutes!
 
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Welcome to Accounting 101: Learn Basic Accounting in 7 Minutes! This video teaches the basics of bookkeeping and accounting. It includes details about debits and credits, assets, liabilities, sales and expenses. Examples are provided and a quick description of the chart of accounts, profit and loss statements and the balance sheet is also included. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac Support this Channel https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=FHGCUQ8GU9VB6 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Learn more at www.freebookkeepingaccounting.com
Views: 314271 BookkeepingMaster
Introduction to GAAP (Generally Accepted Accounting Principles)
 
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This video discusses Generally Accepted Accounting Principles (GAAP). GAAP refers to the common set of rules companies must follow when preparing financial reports for external parties (investors and creditors). Not all countries use the same GAAP. A country may adopt International Financial Reporting Standards or it may create its own local GAAP. 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: 86961 Edspira
accounting 101, accounting overview, basics, and best practices
 
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accounting 101, accounting overview, basics, and best practices. learn about external financial statements, internal managerial accounting reports, income tax systems and how they interact in business decision-making. in this course, we review the accounting equation, the three primary financial statements, how to use accounting basics to aid decision making, and how income taxes figure into business and personal decisions. this video tutorial includes: what is accounting? working with balance sheets and income statements, determining the costs of products, performing a break-even analysis, determining average and marginal tax rates, and understanding tax deductions and credits.
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
 
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To support our effors you can donate a small amount by following this link: http://bit.ly/donatetosupport To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] In this video I have tried to provide a basic idea of what GAAP is and why is it required. Hope this proves useful to anyone who watches it. Please let me know your comments on the video and if you like it please hit the like button. Do not forget to subscribe for more such videos in future. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 92942 The Commerce Tutor
Basic Concept of Accounting by Santosh kumar (CA/CMA)(Download PDF from Description)
 
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This is only a demo class. Classes are available for CA/CMA/CS/B.COM( All universities), 11th, 12th. Visit https://www.conceptonlineclasses.com/ for full lectures Click on the below link join our different courses WhatsApp groups:- http://whatsapp.conceptonlineclasses.com/ For any enquiry call us @ 9315479626 Also join our Telegram channel below link :- https://t.me/SantoshKumarCOC For purchase related enquiry call us/whatsapp :- 7303445575,9999631597,8448322142 Land line no- 0120-4225002/3/4 Like and follow us on facebook- https://www.facebook.com/pages/category/Education/Concept-Online-Classes-107662229916338/
Views: 693295 santosh kumar
#9, Accounting Principles ( part 1)
 
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chapter 4 Accounting principles accounting entity Principle Money measurement principle Accounting period principle full disclosure principle Accounts Adda video 9 #commerce #accounts #class11
Views: 39557 Accounts Adda
Golden rules of accounting
 
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Explanation of Three Golden Rules of Accounting
Views: 85570 Infotainment Arena
Fundamental Accounting Principles
 
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Fundamental Accounting Principles
Views: 9531 Victor Holman
Understand Golden Rules of Accounting by a 17 year old Commerce Student
 
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Follow me on Facebook - https://www.facebook.com/Studywithlavish Golden rules of Accounting, personal Account, Real account, Journal entries, Nominal account, commerce, accounts, accounting, B.com, BBA, how to record journal entries, Golden rules of accounting in english, golden rules of accounting with examples, Golden rules of accounting in hindi
Views: 279278 Lavish Gupta
Accounting Concepts and Principles Easy Learn Guide
 
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This video is the perfect description of accounting concepts, assumptions and principles. It contains the following assumptions: 1. Accounting Entity Assumption 2. Money Measurement Assumption 3. Going Concern Assumption 4. Accounting Period Assumption Accounting concepts which are included in the video are: 1. Dual Aspect Concept 2. Revenue Recognition Concept 3. Historical Cost Concept 4. Matching Concept 5. Full Disclosure Concept 6. Verifiable and Objective Evidence Concept It also includes following modifying principles: 1. Cost Benefit Principle 2. Materiality Principle 3. Consistency Principle 4. Prudence Principle Thank you for watching. Please subscribe for more accounting videos. Also please follow on our Facebook page Feel free to post your doubts below and suggestions for more videos YouTube Subscribe link: https://www.youtube.com/subscription_center?add_user=q77PpKa5faZMe2ic2yc5xQ Facebook link: https://facebook.com/Wings-Add-wings-to-your-knowledge-1059913524027756/
Views: 36416 Wings Education
Expected/Important Accounting Theory Questions with Accounting Principles in Hindi By JOLLY Coaching
 
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Expected theory question of accounting for 11th class. This are the most asked and expected question which have highest probability to asked in the paper of accounting. Though the theory question carry only 10 to 15 marks but these 10 marks are very important to score a good marks, So this video will provide you the most expected questions of accounting. After watching this video you are able to answer these questions if asked in the paper. The questions covered in this video are : 1. Basic accounting Principles 2. Accounts 3. Accounting 4. Book Keeping 5. Book Keeping Vs Accounting 6. GAAP 7. Accounting Standards 8. Basic Accounting Terms 9. Accounting System etc... I hope this video will help you to understand the theory questions. Thanks JOLLY Coaching accounting principles accounting concept accounting conventions accounting principles in hindi accounting in hindi accounting principles in urdu theory questions for accounting expected theory questions of accounting 11th class accounting for 11th class theory in hindi theory questions in hindi accounting theory question in hindi theory of accounts accounting theory theory of accounitng theory concept of accounting going concern principle matching principle conservatism principle separate legal entity economic entity assumption matching concept dual aspect comparability principle basic principle accrual principle materiality principle full disclosure principle all accounting principle generally accepted accounting principle accounting principle in hindi how to theory questions of accounting accounting standards in hindi what is accounting need of accounting reason for doing accountung objective of accounting users of accounting accounting purpose Theory of accounting in hindi accounting yheory question for 11th class theory question in accounting theory question in accounting in hindi theory question of accounting by jolly theory question of accounting by kauserwise theory question of accounting by kauser wise kauserwise kauser wise jolly coaching jolly theory question of accounting by jolly coaching accounting principles class 11 in hindi separate legal entity in hindi
Views: 111152 JOLLY Coaching
Accounting principle in hindi
 
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Thank you friends to support me Plz share subscribe and comment on my channel and Connect me through Instagram:- Chanchalb1996 Gmail:- [email protected] Facebook page :- https://m.facebook.com/Only-for-commerce-student-366734273750227/ Unaccademy download link :- https://unacademy.app.link/bfElTw3WcS Unaccademy profile link :- https://unacademy.com/user/chanchalb1996 Telegram link :- https://t.me/joinchat/AAAAAEu9rP9ahCScbT_mMA
Views: 50135 study with chanchal
GAAP Generally Accepted Accounting Principles | Financial Accounting | CPA Exam FAR
 
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Website: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Review of Financial Accounting - Principles, Assumptions, & Constraints
 
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For more videos like this go to www.patrickleemsa.com. Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free. To do so, make sure you click on this link: https://share.robinhood.com/patrickl803 ___________________________________ NETWORK WITH ME! PATRICKLEECPA Twitter - https://twitter.com/patrickleecpa Website – https://www.patrickleecmsa.com ___________________________________________ Send a letter or send something cool about how you’re using these videos. Patrick Lee, MSA PO Box 936 Winfield, Kansas 67156 ___________________________________________ WORK WITH ME! CONTACT US: [email protected]
Views: 16876 Patrick Lee
Basic Accounting Concepts
 
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Learn the Basic Concepts of Accounting and finance in this video lecture of Basic Accounting Concepts : http://bit.ly/16o0OSy In basic Financial Accounting, certain rules/principles are classified as concepts and conventions. Explained in this video is the introduction and significance of various basic Accounting Concepts. This explanation of accounting basics will introduce you to some basic accounting principles, accounting concepts, and accounting terminology Join us on Facebook: http://www.facebook.com/welearnindia Read our latest blog at: http://welearnindia.wordpress.com Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP Tgas : accounting basics, accounting concepts, basic accounting
basic fundamentals accounting concepts and conventions class 11  cs foundation ca foundation cma
 
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PRESENTING YOU A DEMO VIDEO ON BASIC ACCOUNTIG COCEPTS OF CLASS 11, I KNOW VIDEO QUALITY OF THIS VIDEO IS NOT GOOD BUT STILL IT IS PROPERLY UNDERSTANDABLE. LECTURE FOR STUDENTS OF CLASS 11, BCOM FIRST YEAR, MBA FIRST YEAR, CA-CPT STUDENTS, CA-FOUNDATION STUDENTS,CS-FOUNDATION STUDENTS, CMA- FOUNDATION STUDENTS, BANK JIB EXAMS. LECTURE GIVEN BY: MAYANK GOUR ( GOUR BABA) FROM PERPETUAL COMMERCE CLASSES , JABALPUR. FOR COACHING CONTACT: 8889920033 (ONLY IN JABALPUR) LANGUAGE USED: HINDI CONTACT FOR ANY BUSINESS ENQUIRY : [email protected]
Views: 110333 Mayank Gour
Accounting 1: Program #2 - "Basic Accounting Concepts"
 
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Accounting 1 Program #2 Chapter 1 "Basic Accounting Concepts" [email protected]
Views: 792213 JCCCvideo
Accounting Equation - Ch. 1 Video 1
 
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Accounting Principles - The Accounting Equation
Views: 429039 mattfisher64
Accounting Concepts & Conventions for Beginners By Dr.Devika Bhatnagar
 
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Dear Students, Accounting Concepts & Conventions are very important basics of Financial Accounting. This topic is quite common in every Commerce & Management courses and also in B.Tech, MCA etc.. Stay Connected for more Commerce & Management topics. Don't forget to subscribe to my channel. Study well & Good Luck. Dear Friends, Follow the given Subjects & Chapters related to Commerce & Management Subjects: 1. Financial Accountancy https://www.youtube.com/watch?v=SUQMUc3Z3vs&list=PLLhSIFfDZcUUwKluDIB2exPUYc75Va37x 2. MEFA (Managerial Economics & Financial Analysis) https://www.youtube.com/watch?v=SUQMUc3Z3vs&list=PLLhSIFfDZcUVOc4-bhQI8kytZJyFwuw6Y 3. Business Law https://www.youtube.com/watch?v=ol2BXgF-P48&list=PLLhSIFfDZcUXbaSuijo00gIh4pj5If0iX 4. Statistics https://www.youtube.com/watch?v=NDO9SzxR3Vg&list=PLLhSIFfDZcUUj3w40cJgOm6WGAPjTp-iQ 5. Financial Management https://www.youtube.com/watch?v=1WFYjEppsSo&list=PLLhSIFfDZcUWjAqEki4OcBZwbfkleQIgb 6. BCRW (Business Communication & Report Writing) https://www.youtube.com/watch?v=G-8SzY9IT5o&list=PLLhSIFfDZcUXwAIY8ITJ7TzBnzP1EtmO0 7. Business Economics/ Managerial Economics https://www.youtube.com/watch?v=356_pioFiss&list=PLLhSIFfDZcUW8eZFwPrZjj_TBdelHfHho 8. Basic Introduction Chapter of Financial Accountancy https://www.youtube.com/watch?v=SUQMUc3Z3vs&list=PLLhSIFfDZcUUvnG9KstuhDOIZXo9FZBla 9. Bank Reconciliation Statement https://www.youtube.com/watch?v=m8ahJ25e4Lk&list=PLLhSIFfDZcUUc_ioAFpwYVHHkQJ5w7mlC 10. Final Accounts https://www.youtube.com/watch?v=wtNWOuLsUJk&list=PLLhSIFfDZcUUQtGFWu2-eURWKCSX6dWLX 11. Depreciation https://www.youtube.com/watch?v=cRjMDvzOdWg&list=PLLhSIFfDZcUWUyUW8WUrUn9RWEZOSS8Vw 12. Rectification of Errors https://www.youtube.com/watch?v=zCZoqINp5P0&list=PLLhSIFfDZcUVSIpZN8VZCu5AY1stxMMJ_ 13. Career Options https://www.youtube.com/watch?v=a2I3odjsxUo&list=PLJethYXgtvJTfjMAATTimLNUtjVtIS2el Do Subscribe to this channel & Don’t forget to share these videos. Sharing Is Caring…. Stay Blessed & Good Luck 😊 Follow my other Channels 1. Devika Bhatnagar (Soft Skills & Motivational Channel) https://www.youtube.com/user/devikabhatnagar 2. Carnatic Veena Classes by Devika Bhatnagar https://www.youtube.com/channel/UCz_bakiknBBUiqIVLjI3GnQ 3. Cook N Serve With Devika Bhatnagar https://www.youtube.com/channel/UC3kCzZNCe2FYvFl8pR3C4fg Follow my other talks in the given video links: 1. Inspirational Talks https://www.youtube.com/watch?v=MI9JxMJDZKE&list=PLJethYXgtvJR1QaJzobdkCtzzuExalI0i 2. Study Techniques https://www.youtube.com/watch?v=2By3t0M5CKA&list=PLJethYXgtvJRKeTqEuJq9nzGMuAX1hj2a 3. Job Skills https://www.youtube.com/watch?v=E_9EyONXLkI&list=PLJethYXgtvJTolzAYHZkCME9I4WTq5vFF 4. Group Discussion Tips https://www.youtube.com/watch?v=Hsv4_qN1tkE&list=PLJethYXgtvJQ12suBGNlBdjg9xYYzgO9a 5. Interview Skills https://www.youtube.com/watch?v=37emWxIi8qY&list=PLJethYXgtvJTtyEs9cf28XPj5bHoo1Wk3 6. Personality Development Talks https://www.youtube.com/watch?v=46uANV_a0WI&list=PLJethYXgtvJT-mcC8jGmpUtgwirUfBrpN 7. Communication Skills & Body Language https://www.youtube.com/watch?v=Hsv4_qN1tkE&list=PLJethYXgtvJQaZ8VmqpoWlOWXywU4dhRr 8. Inspirational Talks in Hindi https://www.youtube.com/watch?v=VOzuupbxOKA&list=PLJethYXgtvJSHkMHeX1Uo4kp88dUqIHuj 9. Telugu PD & Soft Skills https://www.youtube.com/watch?v=sYrvZ41JqfA&list=PLJethYXgtvJRkZO90kb5WP5y509KeEqs0 10. Healthy Cookery Recipes https://www.youtube.com/watch?v=Qez_mk83T70&list=PLJethYXgtvJR_lQ8vcAs9_q9qlWik-Va2 11. G.K & IQ Quiz https://www.youtube.com/watch?v=RZyptrjAKSs&list=PLJethYXgtvJQWgmvVtTdtq5lzBRGzQ64R 12. Health Talks https://www.youtube.com/watch?v=dG0hkRLpJnA&list=PLJethYXgtvJS7ze-h-YJRdLfyB99YoDvH 13. Most Watched English Talks https://www.youtube.com/watch?v=VxUawaJBXOM&list=PLJethYXgtvJTatyja4LX_Qn6UwrQu1C4r 14. Most Watched Telugu Talks https://www.youtube.com/watch?v=3c3KM1XjvPw&list=PLJethYXgtvJSGtu3R9z2Wzd9IxdpXXojU 15. English Grammar Classes https://www.youtube.com/watch?v=8W89YBhnUdg&list=PLJethYXgtvJSZVoOVyV56ALJA6OF0rDCM 16. Personality Development Books https://www.youtube.com/watch?v=ppd_4OGjvKU&list=PLJethYXgtvJSrkQeCn1eWRQKcQxYLVxbl
01. Basic Accounting: Elements of Accounting - Assets, Liability & Owners' Equity
 
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Series: Basic Accounting Instructor: Moin Uddin Reza Nadim, Lecturer, Department of Accounting, Bangladesh University of Professionals ১০ মিনিট স্কুলের সাথে শেখা কখনও থামিও না, যেখানে তুমি পাবে ভিডিও টিউটোরিয়াল যা থেকে শিখে তুমি কুইজ দিয়ে নিজেকে যাচাই করে নিতে পারো, নিজের দক্ষতা বাড়ানোর জন্য পাবে অসাধারণ প্রশিক্ষক যারা তোমাকে নির্দেশনা দিবে। ১০ মিনিট স্কুলে তুমি পাবে লাইভ ক্লাস, ইন্টার‍্যাক্টিভ ভিডিও, ব্লগ, ডেভেলপমেন্ট সেকশন, স্মার্টবুক যার মাধ্যমে পুরো শিক্ষাগ্রহণ প্রক্রিয়াই হয়ে উঠবে আনন্দদায়ক এবং সকলে সুযোগ পাবে যাতে তারা শেখার, অনুশীলনের এবং উন্নতি করতে পারে। আমাদের ওয়েবসাইট: www.10minuteschool.com আমাদের সাথে ফেসবুকের মাধ্যমে যোগাযোগ করতে পারো এবং আমাদের পেইজে লাইক দাও যাতে আমাদের সম্প্রতি আপলোড করা ভিডিওগুলো দেখতে পারো https://www.facebook.com/10minuteschool/ আমাদের Live Class গুলো পাবে 10 Minute School Live Channel এ! https://www.youtube.com/channel/UCpeKK_DqdGSQqSPhLGphRiQ #10MS #University
BASIC - Principles of Accounting Bangla Tutorial
 
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Exclusively for night before exam preparation... Book link for practice: https://1drv.ms/b/s!AhwY8ri4iWC5gqgXFGw2KCTpTtCqlg -------------------------------------------------------- to catch me on other platforms... -------------------------------------------------------- Like on Facebook: http://goo.gl/BwVpj1 Follow on Facebook: http://goo.gl/JM7Mbb Follow on Twitter: http://goo.gl/DBjYqA Visit on Wordpress: http://goo.gl/Mt1nPY
Views: 48263 Ofi Khan
Basic Accounting Principles
 
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This video discusses Generally Accepted Accounting Principles (GAAP).
Views: 26564 JBS CLASSES
Accounting Principle, Concept and Assumption : Class 11 Accounts ( Basic Concept of Accounting )
 
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In this Video CA Deepak Lalwani Introduce you to Accounting Principle Learn what is accounting Principle, Concept and Convention Let’s Enter into the world of the Accounting Principle If you want to Buy Online Classes Call/ WhatsApp: +91-9549168168 or visit: https://www.accountsfunda.com #AccountingPrinciple #AccrualConcept #GoingConcernAssumption #consitencyConcept #CostConcept #ObjectivityConcept #accountingPeriod #BasicConceptofAccounting #Accounting #BookKeeping #BasicAccounting #DefinationofAccounting #Whatisaccounting #Part1 #AccountsFunda #DeepakLalwani #JournalEntry #HowtoPassJournalentries This is only a demo class. For details regarding the full lecture on Accounts for 11th and 12th, Please contact / WhatsApp on 9549168168 or [email protected] You can also visit my Website www.AccountsFunda.com for more details. About Me Deepak Lalwani, CA is known for his ability to explain accounting in a clear, concise, Simple and thorough manner. He is the sole author of all the content on www.AccountsFunda.com. He has the ability to make students learn complex topic in accounts by his Easy and simple explanation. Even Students with no prior accounting knowledge can master accounting concept with ease. Deepak has spent nearly 12 years effectively communicating accounting knowledge in classroom setting in Mumbai. He has spent over 11 years working for Top Investment banking and was also awarded “Employee of the Year” award for Excellence out of over 1,000 employee. He has hands on experience in applying various accounts and finance knowledge in complex corporate cases After teaching for 12 years in Mumbai and with growing student base and limited time , he conceived the idea of www.AccountsFunda.com. His aim to make accounts easy and make student conceptually very strong at very economical fees. He can be reach at 9549168168
Views: 478 Accounts Funda
FUNDAMENTAL ACCOUNTING CONCEPTS
 
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Views: 385898 k pavan sandeep
Generally Accepted Accounting Principles(GAAP): Financeera
 
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A video explains the concept of Accounting Principles in detail. Highly recommended and useful for beginners in accounting or non- accounting and finance professional
Views: 18324 Gaurav sharma
Questions and Answers | Accounting Concepts | Principles & Conventions | CA CPT | CS & CMA | Class11
 
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Quiz on Meaning & Scope of Accounting, Learn Basics of Accounting Introduction. We have covered Meaning & Scope of Accounting, Accounting Concepts, Principles & Conventions, brief of accounting standards, Accounting Policies and Measurement Discipline. For Details Visit http://www.meraskill.com/ca-cpt/accounts/introduction-to-accounting WhatsApp Now: 8692900017 http://www.meraskill.com/ Our other chapters in this series Accounts by Sheela Madam http://bit.ly/AcctsIntro http://bit.ly/AcctJournaltoCB http://bit.ly/CR_ROE http://bit.ly/BankRecoS http://bit.ly/MSInventory http://bit.ly/MSDep http://bit.ly/MSFinalAc http://bit.ly/MSConsignment http://bit.ly/MSJointV http://bit.ly/MSBillsOfExchg http://bit.ly/MSSalesReturn http://bit.ly/MSPartnership1 http://bit.ly/MSPartnership2 http://bit.ly/MSCompanyActs1 http://bit.ly/MSCompanyActs2 Law by Bharat Sir http://bit.ly/MSNatureofContract http://bit.ly/MSConsideration http://bit.ly/MSEssentialElements http://bit.ly/MSPerformanceOfContract http://bit.ly/MSBreachOfContract http://bit.ly/MSContingent_Quasi http://bit.ly/MSFormationContractOfSale http://bit.ly/MSCondition_Wattanties http://bit.ly/MSTransferOfOwnership http://bit.ly/MSUnpaidSeller http://bit.ly/MSNatureOfPartnership http://bit.ly/MSRelationshipOfPartners http://bit.ly/MSRegistration_Dissolution Micro by Bharat Sir http://bit.ly/MSIntroMicroEconomics http://bit.ly/MSDemand http://bit.ly/MSTheoryofCB http://bit.ly/MSSupply http://bit.ly/MSTheoryOfProd http://bit.ly/MSTheoryOfCost http://bit.ly/MSMarket http://bit.ly/MSPriceDetermination Macro by Jaya Madam http://bit.ly/MSNatureOfIndianEconomy http://bit.ly/MSRoleOfDiffSectors http://bit.ly/MSNationalIncome_Tax http://bit.ly/MSPopulation_Poverty_Unemployment http://bit.ly/MSInfrastuctureChallnges http://bit.ly/MSBudget_Money_Banking http://bit.ly/MSEconomicsReforms Maths by Anand Sir http://bit.ly/MSRatio_Propr http://bit.ly/MSIndices_Log http://bit.ly/MSEquations http://bit.ly/MSInequalities http://bit.ly/MSInterest http://bit.ly/MSPermutaion_Combination http://bit.ly/MSAP_GP http://bit.ly/MSSets_Function http://bit.ly/MSLimits http://bit.ly/MSDifferentiation http://bit.ly/MSIntegration
Views: 14451 Mera Skill
Accounting Assumptions and Principles | Intermediate Accounting | CPA Exam FAR | Chp 2 p 3
 
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Conceptual framework for financial reporting, statement of financial accounting concepts, Conceptual framework, elements of financial statements, recognition and measurements, qualitative characteristics of accounting information, GAAP, SEC, FASB, CPA exam, he Entity Concept, The Accounting Period Concept, The Cost Principle, The Matching Concept, The revenue Recognition Principle, The Conservatism Principle, The Going Concern Principle. In the practice of financial accounting, certain basic assumptions are important to an understanding of the manner in which data are presented. The following four basic assumptions underlie the financial accounting structure: Economic Entity Assumption.  Economic activity can be identified with a particular unit of accountability in a manner that assumes the company is separate and distinct from its owners or other business units. Going Concern Assumption. In the absence of contrary information, a company is assumed to have a long life. The current relevance of the historical cost principle is dependent on the going-concern assumption. Monetary Unit Assumption. Money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis. The monetary unit is assumed to remain relatively stable over the years in terms of purchasing power. In essence, this assumption disregards any inflation or deflation in the economy in which the company operates. Periodicity Assumption. The economic activities of a company can be divided into artificial time periods for the purpose of providing the company’s periodic reports. Basic Principles 10. (L.O. 7) Certain basic principles are followed by accountants in recording and reporting the transactions of a business entity. These principles relate to how assets, liabilities, revenues, and expenses are to be identified, measured, and reported. Measurement Principle. A ‘mixed-attribute’ system permits the use of various measurement bases. Historical Cost Principle. Acquisition cost is considered a reliable basis upon which to account for assets and liabilities of a company. Historical cost has an advantage over other valuations, as it is thought to be verifiable. Fair Value Principle. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in on orderly transaction between market participants at the measurement date. Recently, GAAP has increasingly called for the use of fair value measurements in the financial statements. Revenue Recognition Principle. Revenue is recognized at the time in which the performance obligation is satisfied. Expense Recognition Principle. Recognition of expenses is related to net changes in assets and earning revenues. The expense recognition principle is implemented in accordance with the definition of expense by matching efforts (expenses) with accom-plishment (revenues). Product costs, such as material, labor, and overhead, attach to the product, and are recognized in the same period the products are sold. Period costs, such as officers’ salaries and other administrative expenses, attach to the period, and are recognized in the period incurred. Full Disclosure Principle. In the preparation of financial statements, the accountant should include sufficient information to influence the judgment and decision of an informed user. A series of judgmental tradeoffs must occur. Cost Constraint 11. (L.O. 8) Although accounting theory is based upon certain assumptions and the application of basic principles, there are some exceptions to these assumptions. One exception is often called a constraint, and sometimes justifies departures from basic accounting theory. Cost Constraint. The cost constraint (or cost-benefit relationship) relates to the notion that the benefits to be derived from providing certain accounting information should exceed the costs of providing that information. The difficulty in cost-benefit analysis is that the costs and especially the benefits are not always evident or measurable.
Basic Accounting: IFRS Financial Reporting Principles
 
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Views: 3309 BlueBookAcademy.com
ACCOUNTING-PRINCIPLES#Explained#For Class 11,CA,CS,CMA & All Commerce Students.
 
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•°•°•°•SUPPORT & CONTRIBUTE US•°•°•°• If Videos are helpful to you. •••धन्यवाद••• EVERY CONTRIBUTION IS HELPFUL This will motivate me to bring more Useful Videos for you, •°•°By CLICKING on the Link below:- https://pmny.in/aIRgNgmBUdRh https://youtu.be/9xXBdAa18_I 》JOURNAL ENTRIES CLASS 11 & FOR ALL COMMERCE STUDENTS《 https://youtu.be/8CZj8WQxnSs •Chapter-1•--Class 11 Meaning of Accounting, Accountancy & Book-keeping. https://youtu.be/FeQZZOK_hqs •Chapter-ACCOUNTING EQUATION CLASS-11• https://youtu.be/EePmInhwc-0 •Chapter-1 Class 11 Introduction to Accounting TOPIC:-OBJECTIVES OF ACCOUNTING •ACCOUNTING-PRINCIPLES• Explained with Step by step instructions. Useful for Class 11,CA,CS, CMA and all Commerce Students. ••Very Important Concepts•• Theory Base of Accounting •BUSINESS ENTITY CONCEPT •MONEY MEASUREMENT CONCEPT •ACCOUNTING PERIOD CONCEPT •FULL DISCLOSURE CONCEPT •MATERIALITY CONCEPT •PRUDENCE/CONSERVATIVE PRINCIPLE •COST CONCEPT •DUAL ASPECT CONCEPT •REVENUE RECOGNITION PRINCIPLE •VERIFIABLE OBJECTIVE PRINCIPLE
Views: 12073 COMMERCE-SEEKHO
Basic Account Concept | Basic Accounting Principles | Business Entity | Going Concern Concept
 
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Hello friends!! In this video you will learn Basic Accounting Concept and Principles in simple hindi language. What is money measurement concept? What is saperate entity concept? what is going concern concept? what is accounting period concept? 11th commerce classes 12th commerce classes Basic Commerce classes Learn basic accounting in hindi. For more video subscribe to my channel. Thank you for watching.
CA Foundation Accounts (Principles & Practice of Accounting) - Basics
 
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CA Foundation Batch for Nov 19 Exams from 8.4.2019 Contact 7775078989 Our branches are also at Aurangabad & Ichalkaranji Pendrive lectures are available
Financial Accounting: GAAP Principles and Concepts
 
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For best viewing, switch settings to 1080p Help us caption & translate this video! http://amara.org/v/FgKs/
Views: 33500 ProfAlldredge
Double-entry Accounting and Bookkeeping principles explained in simple terms.
 
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Double-entry accounting is really very simple provided you follow the rules in the video. Learn more and take the 12 week online accounting course please visit: https://accountingforeveryone.com Everything starts with a Source Document. That is usually an invoice for something you have sold or a receipt for something you have bought. Each Source Document is copied into your double-entry system by creating Transactions. A Source Document always contains at least one complete transaction, and depending on your accounting system sometimes more. A double-entry transaction consists of a minimum of two Entries. That is, each transaction you create must have at least two entries. Each entry contains either a Debit or a Credit. Debits and Credits are amounts of money. For a Transaction to be true to the double-entry principle, two rules must be obeyed: 1. The entries involved must contain at least one Debit and at least one Credit. 2. The value of all the Debits must equal the value of all the Credits. Each entry must consist of a minimum of four pieces of data as follows: 1. Date 2. Reference (so it can be identified with a source document) 3. Amount (known as a Debit or a Credit) 4. Account (whose balance will be increased or decreased by the amount depending on whether it is a Debit or a Credit) Every transaction tracks an amount of money from one account to one or more other accounts. As long as the Debit amounts equal the Credit amounts, then we know that all the money has been accounted for. The idea that we are doubling the amount of data by making two entries is a myth. The two (or more) entries merely record the flow of money from one account to another. That is its sole purpose. It is called Double-entry because two entries are the minimum required to record the two accounts involved in every transaction. For example, buying a computer for your business involves your Bank and your Equipment accounts. Once the transaction has been entered, a look at your books will show how much you have left in your bank and how much you have spent on equipment. If you don't know these things, it is unlikely your business will stay profitable as you will have no idea what is going on. This is why double-entry accounting is used universally around the world and has been in existence for many thousands of years. To find out more about double-entry accounting and bookkeeping please visit https://accountingforeveryone.com Please also subscribe to this channel to get further simple updates to double-entry accounting so you can further your career or get your business in shape.
Views: 49149 Quentin Pain
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
 
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Check out our new video on Accounting Principles | Entity | Going Concern Concept | GAAP This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example. We have attached a PDF where one can get a quick glance of the whole chapter in few minutes. You will understand need and importance of all the accounting principles and conventions. Also, entity concept, going concern concept, money measurement, cost principle, revenue recognition, objective evidence, dual aspect, matching principle, accrual concept, materiality, consistency, conservatism, full disclosure, etc explained in detail. There are objective type questions on accounting principles and conventions. Link:- https://goo.gl/p17wRU You can buy our entire course on Accountancy : Amazon : https://goo.gl/c7Gq3m Udemy : https://bit.ly/2JwpfGJ Subscribe Us For More Updates: Link : https://goo.gl/pH6rtu Website : http://www.letstute.com/ To Get Regular Content Updates- Like Us On Facebook : https://www.facebook.com/letstutepage Follow Us On Twitter : https://twitter.com/letstute Add Us On Google+ for updates on our upcoming Videos https://plus.google.com/+Letstute Email us @ [email protected] WhatsApp your Queries on +91 7506363600 Visit our other channels LetsTute - Math / Sciecne / EVS http://bit.ly/1Q85cNP LetsTute Cbse Math https://goo.gl/kMGY4X LetsTute in Hindi https://www.youtube.com/channel/UCz17OJWV27c5FZKKBlLDXEw? Values to Lead (Value Education) http://bit.ly/1poLX8j
Views: 82969 Letstute Accountancy
Basic Concept of Accounting Urdu/Hindi
 
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This video Explain you fundamental facts and steps of Accounting in simple way urdu/Hindi.
Views: 29086 Tutorialism
#1 Basic Introduction of Financial Accounting
 
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#FinancialAccounting #DoubleEntrySystem Explained Modern System of Accounting and its Assumptions. Need and Advantages of Financial Accounting and Accounting Equation i.e. 'Double Entry System' of Accounting. Student can also watch following lectures of Accounting : 1. Bank Reconciliation Statement (BRS) https://www.youtube.com/watch?v=Ms3gFDeS-tE 2. Single Entry System of Accounting (Concept & Procedure) Statement of Profit and Loss : https://www.youtube.com/watch?v=XaQGJVvNNwQ 3. Rectification of Errors ~ Introduction and Concept : https://www.youtube.com/watch?v=gJL-GcupCz4 4. Bills of Exchange : https://www.youtube.com/watch?v=kRowni3g2gw Dwonload Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
Views: 346559 CA. Naresh Aggarwal
Basic terms of accounting: Class 11 XI Accounts | Video Lecture
 
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This is just a demo video, for more videos and full syllabus please contact us on 8287971571 or 0261-4890014. Basic terms of accounting: Class 11 XI Accounts | Video Lecture After studying this chapter, students should be able to: Describe the meaning of Accounting Assumptions and Accounting Principles. Explain the Accounting Standards and IFRS along with their objectives. Describe the Bases of Accounting. Distinguish between Cash Basis of Accounting and Accrual Basis of Accounting. Main objective of accounting is to provide appropriate, useful and reliable information about the financial performance of the business to its various users to enable them to make judicious decisions. This objective can be achieved only when accounting records are maintained on the basis of uniform rules and principles. Accounting principles, concepts and conventions are commonly known as Generally Accepted Accounting Principles (GAAP). These principles are the base of Accounting. Generally Accepted Accounting Principles (GAAP) refer to the rules or guidelines adopted for recording and reporting of business transactions, in order to bring uniformity and consistency in the preparation and the presentation of financial statements. These principles have evolved over a long period of time on the basis of experiences of the accountants, customs, legal decisions etc., and are generally accepted by the accounting professionals. All the above-mentioned topics are described in an interactive and efficient manner so that the students could easily understand them. For more information please visit - https://www.dronstudy.com/shop/popular/class-ix-science-animated/ Call us at - 8287971571 or 0261-4890016 Email: [email protected] For more information please refer to below-mentioned links: DronStudy official website: https://www.dronstudy.com Facebook Page: https://www.facebook.com/dronstudy/ Class 11 Commerce Video Lectures: https://www.youtube.com/watch?v=K0S5dUVtJAA&list=PLKb9HOyS0VGQ1vq6quUls06PTglJSiCGU Class 11 Commerce Full Course: https://www.dronstudy.com/shop/ca-classes/class-xi-economics/ DronStudy YouTube Channel: https://www.youtube.com/channel/UCPiuJvuyMVFSwcIdBCTpTyQ
Views: 166359 Dronstudy.com
Basic Accounting Principles in Urdu Language One Session
 
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Principles of Accounting; deifition; identify; record; communicate; organization, interested users; financial statements; stakeholders; internal users; external users; management; human resources; finance; customers; SEC; creditors; labor unions; investors; pay raise; dividend; ethics; financial scandals; Sarbanes-Oxley; balance sheet; income statement; GAAP; FASB; IASB; cost principle; historical cost; purchase price; verifiability; fair value;
Views: 3508 M.IMRAN IMI
Accounting Basics 1.2 - Income Statement
 
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Original video of Tony Bell (Creative Commons) (https://www.youtube.com/user/TRUTonyBelll) Visit: http://www.accountingworkbook.com/ to download the problems found in the videos.
Views: 126102 Online Courses