Foundation of Financial Accounting: IFRS and USGAAP
In this video, you will learn what is Accounting and why it is useful to business.
In this video, you will learn the difference between Financial and Managerial Accounting.
Do you know what the Accounting Equation is? Do you know how to combine Assets, Liabilities, and Equity? What this video and find the answers.
Under USGAAP and IFRS, accrual basis accounting is mandatory. Do you know why? Do you know the difference between cash and accrual basis Accounting? The answer is here.
Accounting is not just a set of standards and procedures. Instead, there is an elaborate and logical conceptual framework to support it.
How does Accounting work? Check this video to know more about the ten steps of the Accounting Processing Cycle.
One of the greatest fears of Accounting students. However, it is not that hard. Click on this video to learn debits and credits in less than 12 minutes.