This video from Commerce Specialist explains the Accounting Concepts and Principles. Lights are thrown on GAAP. It explains how to apply various accounting concepts in practical accounting. Complete discussion has been made on the Concepts like: Business Entity, Going Concern, Principle of Double Entry, The Money Measurement, Time Period Principle, Historical Cost Concept, Principle of Materiality and Aggregation, Economic Substance over Legal Form, Principle of Consistency, Principle of Adequate Disclosure, Prudence/Conservatism, Matching Principle, Principle of Objective Evidence and Concept of Realization.
This Video also explains how these accounting concepts are related to various topics in accounting, specially in the preparation of Financial Statements.
This tutorial/lecture video is very relevant and useful for students of B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Link of my previous videos:
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Viewers and students can contact me on info@comparativeedge.com or email me at studyonline8888@gmail.com or whatsapp me on +923219213800.
Commerce Specialist, GAAP, Business Entity, Going Concern, Principle of Double Entry, The Money Measurement, Time Period Principle, Historical Cost Concept, Principle of Materiality and Aggregation, Economic Substance over Legal Form, Principle of Consistency, Principle of Adequate Disclosure, Prudence/Conservatism, Matching Principle, Principle of Objective Evidence and Concept of Realization. B. Com, BBA, MBA, CA, ACCA, CPA, CMA, A levels, O Levels, CIA,
#accountingconcepts #acca #cma