The Business Professor
Revenue Recognition Across Industries
Business employ various approaches to revenue recognition. Any revenue recognition method must be in accordance with ASC 606 which provides steps for determining when revenue should be recognized.
The Business Professor
Managerial Accounting - Cost Orientation
Cost orientation is a strategic approach that focuses on costs of operations and reducing the per unit costs.
The Business Professor
Closing Process - Financial Accounting
Closing Process - Financial Accounting
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Introduction to Journal
This video explains the importance of journal and how to record different business transactions in it.
The Business Professor
Measuring Goodwill in Accounting
In this video, we delve into the concept of goodwill and how it is measured in accounting. Join us as we explore the various factors that contribute to the calculation of goodwill, including the consideration paid for an asset or...
Curated Video
The Beginners 2022 Cyber Security Awareness Training Course - Business Email Compromise
In this interesting module, you will learn about Business Email Compromise attacks, also known as ‘CEO Fraud’. You will visually see how they trick us into initiating large wire transfers, what the red flags are, and then you will...
Executive Finance
Understanding Business Financial Statements
The video explains the importance of understanding the difference between gross and net revenue for accounting purposes. It also delves into the complexities of cost of sales and overhead costs, and emphasizes the significance of...
The Business Professor
What are Accounting Assumptions - Financial Accounting
What are Accounting Assumptions - Financial Accounting
The Business Professor
Standard Costing and Managerial Control
This video explains the concept of standard costing and its relevance to managerial control. This information is then used to establish a standard system for applying costs and analyzing the management of a particular project or activity.
The Business Professor
Categories of Long-Term (Plant) Assets - Accounting
Categories of Long-Term (Plant) Assets - Accounting
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Steps to Prepare Final Statements in Accounting Cycle
This video explains the steps to prepare final statements in accounting, including collecting data, recording and transferring, and finalizing. It also covers the importance of checking for errors and adjustments, and provides an...
Curated Video
Understanding Profit and Increasing Business Profits
This video is a lecture presentation on the concept of profit in business. The presenter explains the equation for profit, which is revenue minus costs, and breaks it down into its constituent parts such as revenue, fixed costs, variable...
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Bank Reconciliation Statement: Bridging the Gap Between Bank and Business Records
This video explains the importance of bank reconciliation statements in accounting and how to prepare one. It covers common discrepancies between bank books and passbooks and how to account for them, ensuring accurate financial records.
The Business Professor
Accrued Revenues - Financial Accounting
Accrued Revenues - Financial Accounting
The Business Professor
Accounting for Current Liabilities - Financial Accounting
Accounting for Current Liabilities - Financial Accounting
Organizational Communication Channel
Henri Fayol’s Principles of Classical Management
Henri Fayol created foundational concepts and theory in the classical management era and key principles of management and managerial responsibilties.
The Business Professor
Accounting for Special Merchandizing Transactions
In this video, the teacher discusses special merchandising transactions that occur in merchandising businesses. They focus specifically on transactions related to purchasing, such as purchase returns and sales, allowances, and purchase...
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How to post in LEDGER from JOURNAL
Covers need for ledger, format, posting of transactions in ledger & balancing ledger accounts.
Curated Video
Figma for UIUX Master Web Design in Figma - Case Study: Four Versions of the Same Website
This is the case study video that demonstrates the four versions of the same website. This clip is from the chapter "The Second Key to Great Web Design" of the series "Figma for UI/UX: Master Web Design in Figma".This section focuses on...
Executive Finance
Introduction to ERP Systems for Businesses
This video explains what an ERP system is and how it can benefit businesses by integrating and automating various processes. The speaker also discusses the different modules of an ERP system, such as financial accounting, human...
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Bad Debts
In this session, we will learn through different practical situations the meaning, the entries and adjustments related to bad debts.
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Source Documents part 1
In this video the general format of basic source documents are explained along with the reason why or which or when each document is used.NOTE:- Difference between Debit and Credit Note is also explained.
The Business Professor
Merchandise Business - Financial Accounting
Merchandise Business - Financial Accounting