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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: 161934 AccoFina
Chapter 1 Principles of Accounting
 
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Animated PowerPoint for chapter one
Views: 34617 Marc Christofferson
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: 381982 Krassimir Petrov
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: 79332 Letstute Accountancy
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: 1335780 Executive Finance
Accounting Principles - What is Cost Concept | Accounting Concepts | LetsTute Accountancy
 
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Check out our video on "Accounting Principles - What is Cost Concepts | Accounting Concepts” We have attached a PDF where one can get a quick glance of the whole chapter in few minutes. You will understand need & importance of 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 are explained in detail. Link :-https://goo.gl/nT4fqj I hope you enjoy this online lecture on "Accounting Principles - Cost Concept | Gaap | LetsTute Accountancy" by LetsTute. #accountancy #accounting #generally accepted accounting principles #gaap #ifrs #concepts You can buy our course for Accounts which includes video lectures, Assessments and Quiz in the form of: Online Courses: Udemy: http://bit.ly/2Dk7c2D To Get Regular Content Updates- Facebook : https://www.facebook.com/letstutepage Twitter : https://twitter.com/letstute Google+: https://plus.google.com/+Letstute For Queries: Email: [email protected] Call / WhatsApp: +91 7506363600 Visit our other channels: LetsTute : http://bit.ly/1Q85cNP LetsTute CBSE Math: http://bit.ly/2h1B2lP Values to Lead (Value Education): http://bit.ly/1poLX8j
Views: 2901 Letstute Accountancy
Revenue Recognition Principle and Matching Principle - Accounting video
 
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"What is Financial Accounting and Bookkeeping" - eBook JUST RELEASED! ONLY $.99 @ http://tiny.cc/m7slmw (FREE Sample - see details below) "What is Financial Accounting and Bookkeeping" is available in multiple formats including Kindle, iPad/iBooks, Kobo, Sony Reader, Nook, and PDF! "What is Financial Accounting and Bookkeeping" introduces integral accounting vocabulary, concepts and principles to give a foundation for learning accounting. Using conversational style language, the discussion on the differences in financial and managerial accounting give the reader a clear understanding of what financial accounting is. "What is Financial Accounting and Bookkeeping" provides step-by-step guidance through the accounting equation: (1) how to use the accounting equation in analyzing business transactions, and (2) using the accounting equation and transactional data information to later prepare financial statements and how those financial statements are linked together. "What is Financial Accounting and Bookkeeping" contains an accounting quiz and example accounting exam questions, with solutions, and a glossary of terms. -- The Revenue Recognition Principle and Matching Principle video by TheAccountingDr at http://youtu.be/0mY5Vypn624 is an in-depth discussion on when revenue is recognized: revenue is recognized when earned and not necessarily when cash is received. The Matching Principle states that expense are recorded when incurred and not necessarily when case is paid to ensure that expenses are matched appropriately with the revenues those expenses created. Find the Revenue Recognition Principle and Matching Principle video with complete transcript of lecture notes at http://theaccountingdr.hubpages.com/hub/Accounting-Equation Other videos in this series: Part 1 - Accounting Terms and Principles Part 2 - The Accounting Equation Part 4 - The Financial Statements -- Thank you all for your wonderful support. Because of your support we have been able to reach and help numerous accounting students. Please continue to be a part of our mission to help other accounting students be successful by giving our videos thumbs up and adding our videos to your favorites. -- For more accounting/how to eLectures (and accompanying lecture notes), blog, FAQs and ebooks visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad). Visit www.TheAccountingDr.com to view the videos on non-Flash devices.
Financial Accounting Chapter 1 Lecture - Part 1
 
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Financial Accounting Chapter 1 Lecture - Part 1
Views: 162485 MsNshoe
I.com ( Part 1 ) Accounting full Books Chapters and importants
 
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SUBCRIBE https://www.youtube.com/channel/UCHjBtW7ZJUKWvIPKdU2MeoQ?view_as=subscriber . 1 . i.com part 2 accounting lectures . 2 . principles of accounting i.com part 1 book pdf . 3 . principles of accounting i com part 1 by sohail afzal notes . 4 . i.com part 1 accounting definition . 5 . icom part 1 accounting book pdf . 6 . principles of accounting i.com part 1 notes in urdu . 7 . i com part 2 accounting lectures in urdu . 8 . principles of accounting i.com part 1 key book pdf .
Views: 8 Wasi Academy
download xtremepapers accounting 2 pdf
 
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XtremePapers | Advancing knowledge is in our DNA, Papers./CIE/Cambridge IGCSE/Accounting (0452 , www.XtremePapers.com ACCOUNTING 2 Paper 0452/01 , Accounting Paper 1 and 2 | XtremePapers Community, Xtremepapers June 2003 Accounting Paper 2, Xtremepapers A Level Accounting Ms June 2013, Xtremepapers O Level Accounting Papers For 2010, Principles of Accounting II Principles of Accounting II Answers Principles of Accounting 2 Exam Principles of Financial Accounting PDF Principles of Accounting Study Guide Principles of Financial Accounting Quizlet Accounting 2 Principles of Accounting 1
Views: 1309 Rochelle Thomas
Accounting Multiple Choice Questions and Answers with detailed explanations
 
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Accounting Multiple Choice Questions and Answers with detailed explanations
Views: 78136 Concells
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: 41667 Ofi Khan
Accounting Principles, concepts, conventions - Hindi
 
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This video series is aimed to give the intermediate students of telangana and AP syllabus a fast crash course in the subject. You will learn all about accounting principles, conventions and concepts in this video explained by a CMA. Mr. S.W. Ahmed is a qualified practicing CMA. He has been associated with Cognevo Institute of Excellence for over a decade now. He brings in a lot of value to our efforts with his expertise and experience. He works with various educational organisations like Chegg, Cengange & Coursehero etc.
I.Com Part 1 Accounting, Ch 1, lec 1 - Important Terms & Concepts of Accounting - Inter part 1
 
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In this online lecture, Sir Syed Yasir NIsar explains Principles of Accounting Chapter 1 Introduction.The topic being discussed is Topic Important Terms & Concepts. punjab text book board/Sindh text book board/KPK text book board I.Com Part 1 book 1 lecture is conducted in Urdu/hindi/English. This lecture for Commerce Students 11th class for Principles of Accounting chapter 1 is created for all students who want to prepare this topic in detail. For more videos of Syed Yasir Nisar visit https://www.ilmkidunya.com/study/11th-class-principles-of-accounting/introduction.aspx If you have any questions about this lecture on Principles of Accounting i.com part 1 ch. 1, you can go to https://www.instutor.com/11th-class/principles-of-accounting/introduction
Views: 33033 ilmkidunya
I.Com Part 1 Accounting, lec 1, Full Book Introduction Accounting - first year Accounting
 
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In this online lecture, Sir Syed Yasir NIsar explains Principles of Accounting. The topic being discussed is Topic Complete book introduction. punjab text book board/Sindh text book board/KPK text book board I Com Part 1 book 1 lecture is conducted in Urdu/hindi/English. This lecture for Commerce Students 11th class for Principles of Accounting chapter 1 is created for all students who want to prepare this topic in detail. For more videos of Syed Yasir Nisar visit https://www.ilmkidunya.com/study/11th-class-principles-of-accounting/introduction-11th-class-accounting/full-book-introduction.aspx If you have any questions about this lecture on Principles of Accounting i.com part 1 ch. 1, you can go to https://www.instutor.com/11th-class/principles-of-accounting/introduction-11th-class-accounting/full-book-introduction
Views: 32409 ilmkidunya
Accounting Principles Eleventh Edition Test Book  Free Download
 
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This is Accounting Principles Eleventh Edition By Weygandt Kimmel Kieso Download Link: Link 1: http://www.mediafire.com/view/bp6kpbc09wofom8/Accounting_Principles%2C_11th_edition%282%29.pdf Link 2: https://www.dropbox.com/s/tcqayyruvml1jb3/Accounting%20Principles%2C%2011th%20edition.pdf?dl=0
Views: 879 Imon Kalyan Roy
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: 56226 JOLLY Coaching
3.1 Accounting Principles and Concepts (XI Accounts) (Complete Video)
 
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Class - XI Accounts [Accounting Principles and Concepts] For all videos of Class XI Accounts. visit:- myepathshala.com. You can also download all the notes of chapter in pdf format from our website free of cost. http://myepathshala.com/classes/subject/chapter/class-11/accounts
Views: 1109 Anurag classes
FUNDAMENTAL ACCOUNTING CONCEPTS
 
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www.veduexcel.com VISIT MY SITE WWW.INDASSIMPLIFIED.COM
Views: 374733 k pavan sandeep
A tutorial to Managerial Accounting.......... What is Managerial Accounting?????????????
 
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managerial accounting, managerial accounting garrison 13th edition, managerial accounting definition, managerial accounting pdf, managerial accounting, managerial accounting garrison 13th edition, managerial accounting definition, managerial accounting pdf, managerial accounting notes, managerial accounting mcqs, managerial accounting ppt, managerial accounting book, managerial accounting solution, managerial accounting by garrison pdf, managerial accounting, managerial accounting chapter 1, managerial accounting lectures, managerial accounting concepts and principles, managerial accounting budgeting, managerial accounting job order costing, managerial accounting chapter 2, managerial accounting and cost concepts, managerial accounting capital budgeting decisions, managerial accounting manufacturing overhead, managerial accounting, managerial accounting garrison 13th edition, managerial accounting definition, managerial accounting pdf, managerial accounting notes, managerial accounting mcqs, managerial accounting ppt, managerial accounting book, managerial accounting solution, managerial accounting by garrison pdf, managerial accounting, managerial accounting chapter 1, managerial accounting lectures, managerial accounting concepts and principles, managerial accounting budgeting, managerial accounting job order costing, managerial accounting chapter 2, managerial accounting and cost concepts, managerial accounting capital budgeting decisions, managerial accounting manufacturing overhead... If you like this video then subscribe to my channel.......
Views: 1455 Muhammad Waqas
Basic Accounting in 10 minutes Tutorial
 
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Basic Accounting in 10 minutes Tutorial © 2012 Pavlov Global Publishing
Views: 1550186 Shred 207
Introduction to accounting [Journal- Ledger & Trial balance] simple method(by kauserwise)
 
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Here is the video about Introduction to accounting. *What is journal and how to pass journal entries. *What is Ledger and how to post ledger. *What is Trial balance and how to do trial balance in accounting everything in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. ▓▓░───CONTRIBUTION ─░▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is encouraging US] Thanks & All the Best!!! ──────────────────── To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research * Statistics Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu For Statistics - https://www.youtube.com/playlist?list=PLabr9RWfBcnoJi5snMQQzDGYmb4ydFpTs
Views: 3161708 Kauser Wise
Basic Accounting Principles
 
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Basic Accounting Principles Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity. This function has two closely related phases: 1) measuring and arraying economic data; and 2) communicating the results of this process to interested parties." As an example, a company's accountants periodically measure the profit and loss for a month, a quarter or a fiscal year and publish these results in a statement of profit and loss that's called an income statement. These statements include elements such as accounts receivable (what's owed to the company) and accounts payable (what the company owes). It can also get pretty complicated with subjects like retained earnings and accelerated depreciation. This at the higher levels of accounting and in the organization. Much of accounting though, is also concerned with basic bookkeeping. This is the process that records every transaction; every bill paid, every dime owed, every dollar and cent spent and accumulated. But the owners of the company, which can be individual owners or millions of shareholders are most concerned with the summaries of these transactions, contained in the financial statement. The financial statement summarizes a company's assets. A value of an asset is what it cost when it was first acquired. The financial statement also records what the sources of the assets were. Some assets are in the form of loans that have to be paid back. Profits are also an asset of the business. In what's called double-entry bookkeeping, the liabilities are also summarized. Obviously, a company wants to show a higher amount of assets to offset the liabilities and show a profit. The management of these two elements is the essence of accounting. There is a system for doing this; not every company or individual can devise their own systems for accounting; the result would be chaos! Keyword : accounting articles,accounting assistant,accounting assistant job description,accounting aid society,accounting apps,accounting analyst,accounting associations,accounting assumptions,accounting abbreviations,accounting accrual,accounting basics,accounting books,accounting big 4,accounting balance sheet,accounting bls,accounting blogs,accounting basics pdf,accounting busy season,accounting business for sale,accounting basis,accounting coach,accounting cycle,accounting careers,accounting certifications,accounting clerk job description,accounting courses,accounting calculator,accounting clerk,accounting connect,accounting career path,accounting degree,accounting degree online,accounting dictionary,accounting definition,accounting debits and credits,accounting degree jobs,accounting description
Views: 2999 Mas Rohman
Principle of Accounting 7110 Depreciation
 
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Chapter 26 : Depreciation of Non current Assets
Views: 92 rabia khalid
How To Memorize All Accounting Standards in Just 10 Minutes
 
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Download The PDF of this video http://www.caclubindia.com/share_files/how-to-memorize-all-accounting-standards-in-a-fun-way-71829.asp “Welcome To Sumit Solution” In This Video, I am trying to build a story based memory technique to remember all the names of Accounting Standards in a fun way. I am pretty sure that after watching this video 3-4 times you will never forget any name of the ASs. The major part of the background narration in this video is in Hindi, BUT still is very useful for those who don’t understand Hindi. They can easily understand by watching the visuals. Note: Those who don’t understand Hindi may MUTE the audio and watch Video only. I Hope you guys will be surely benefited from this video. Please Like, Share and Comment on this video
Views: 167262 Sumit Swarnakar

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