Accounting Principles | Explained with Examples

In this accounting lesson, we explain different accounting principles that the entity needs to apply when preparing financial information. We also give examples of applying each accounting principle when preparing financial information.
Users of Financial Information | Explained with Examples: • Users of Financial Inf...
Timestamps
1) Principle of consistency: 01:22
2) Accrual principle: 03:01
3) Matching principle: 05:10
4) Prudence principle: 06:32
5) Realisation principle: 07:12
6) Materiality principle: 08:26
7) Business entity principle: 10:33
8) Going concern principle: 10:57
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Пікірлер: 50

  • @shastangy
    @shastangy11 ай бұрын

    Thank you for explaining this simply and not using complicated examples

  • @TheRealisticOG
    @TheRealisticOG3 ай бұрын

    The best video so far on KZread about Accounting Principles 🎉

  • @DreamFirms
    @DreamFirms3 жыл бұрын

    Had a great time watching your content!

  • @aaroacademy
    @aaroacademy Жыл бұрын

    Thank you for this Presentation. Much appreciated.

  • @teikout
    @teikout2 жыл бұрын

    Really good explanations! Helped me with my assignment a lot! Many thanks :)

  • @nthabiseng.mabee8mabee918
    @nthabiseng.mabee8mabee9183 жыл бұрын

    This is perfect, simplified with examples, loud and clear. I have been yearning for South Africans to do this. Look forward for more.

  • @Gift_uozondo
    @Gift_uozondo2 жыл бұрын

    Good explanations 👌🏿 load and clear . Was very helpful indeed

  • @kiwiloveme5523
    @kiwiloveme5523 Жыл бұрын

    Awesome explanation! I currently work in consumer lending and I'm finishing my associates degree. In 4 months I'll be taking this class. I'm trying to get ahead of the game! I feel much more comfortable after watching this video. Thank you sir :)

  • @ROSEMARLE
    @ROSEMARLE2 жыл бұрын

    And your going to be my online accounting lecturer 🙏😌

  • @erandiwasana7292
    @erandiwasana7292 Жыл бұрын

    Clearly explained.Thank you.

  • @yamiletheisele500
    @yamiletheisele500 Жыл бұрын

    Excellent! Thank you!

  • @anganilegondwe6457
    @anganilegondwe64572 жыл бұрын

    The best explanation ever...

  • @user-ok7yj7os6i
    @user-ok7yj7os6i9 ай бұрын

    You too you are the one best teacher for me thanks alot for your explanation

  • @mbanweinoela8158
    @mbanweinoela81582 жыл бұрын

    Wow so is so simple to understand ,thanks

  • @kirabogift8900
    @kirabogift89002 жыл бұрын

    Thank you so much. I have understood.👍👍👍👍

  • @subhibhashanee8884
    @subhibhashanee88842 жыл бұрын

    Well-explained !

  • @mulbahpnurse3468
    @mulbahpnurse346810 ай бұрын

    Thanks so much for the presentation

  • @camillakanani898
    @camillakanani8983 жыл бұрын

    Thank you so much

  • @conqueringruler4283
    @conqueringruler42832 жыл бұрын

    Thank you!

  • @Elanwallace1983
    @Elanwallace19835 ай бұрын

    very helpful. thank you.

  • @peterenger6016
    @peterenger60162 ай бұрын

    ❤ I love your teaching

  • @zuzukadafi7372
    @zuzukadafi737211 ай бұрын

    Thx for this explanation ,

  • @obeyaboniface1810
    @obeyaboniface18102 жыл бұрын

    Thank you so much, I have understood to the fullest

  • @wimbainashejambwaregota9626
    @wimbainashejambwaregota96262 жыл бұрын

    really gud thank you

  • @lovedika1
    @lovedika12 жыл бұрын

    Thanks Sir

  • @johnowino1423
    @johnowino1423 Жыл бұрын

    Thanks!!!

  • @tramy8564
    @tramy8564Ай бұрын

    Thanks to your video. I have a question that: If the company's revenue in financial statement is higher than actual amount, what account principle that the company has violated?

  • @Aymanbaki000
    @Aymanbaki0002 жыл бұрын

    thank you

  • @najjingosumayiah1889
    @najjingosumayiah1889 Жыл бұрын

    Thanks

  • @emmanuelmwansa3890
    @emmanuelmwansa38909 ай бұрын

    Thank you

  • @fredyrosales295
    @fredyrosales2958 ай бұрын

    Thanks.

  • @usmanal-mudznihl.7846
    @usmanal-mudznihl.78462 жыл бұрын

    can you upload a example each accounting concepts with debit and credit entry plsssss

  • @musinguzienock8714
    @musinguzienock8714 Жыл бұрын

    Well explained sir but more principles

  • @robertmusilli7658
    @robertmusilli76582 жыл бұрын

    great

  • @dynicelily5120
    @dynicelily51202 жыл бұрын

    Am going in the exam room right now and i feel like i knpw everything

  • @KhalilSonic

    @KhalilSonic

    Жыл бұрын

    Did you pass?

  • @MBilal-uf8tm

    @MBilal-uf8tm

    Жыл бұрын

    Same

  • @ariszeenabasir10b83

    @ariszeenabasir10b83

    Жыл бұрын

    Did you pass?

  • @brilliantjuvenile2641

    @brilliantjuvenile2641

    8 ай бұрын

    After a year i m

  • @andrewphole772

    @andrewphole772

    7 ай бұрын

    Informative

  • @user-hg1sc4pl3d
    @user-hg1sc4pl3d6 ай бұрын

    Hello can u please make a video on non current assets depreciation and on assets disposal

  • @devicemushumani5715
    @devicemushumani57152 жыл бұрын

    This is understandable if you can please help me through accounts for non profit making organisations

  • @ramsim5081
    @ramsim50812 жыл бұрын

    ❤️!

  • @abubakaribrahim5047
    @abubakaribrahim50476 ай бұрын

    Thanks what's the name of this lecturer so that we can search for KZread

  • @user-jx7sy7vg7y
    @user-jx7sy7vg7y8 ай бұрын

    Kep up it treinerers

  • @blackbutterfly6004
    @blackbutterfly6004 Жыл бұрын

    Blurred?

  • @His_royaltie
    @His_royaltie Жыл бұрын

    Thanks

  • @wilsonsikazwe7887
    @wilsonsikazwe78872 жыл бұрын

    Thank you

  • @ivyayi8734
    @ivyayi87348 ай бұрын

    Thanks