The Business Professor
Introduction to Accounting
In this video, the speaker provides a concise explanation of accounting as an information and measurement system that identifies, records, and communicates information about a business's activities.
The Business Professor
What is the Statement of Retained Earnings
What is the Statement of Retained Earnings
The Business Professor
Understanding and Applying Lower of Cost or Market (LCM) Adjustments for Inventory
The video explains the concept of LCM (lower of cost or market) adjustment in inventory accounting. The speaker discusses how LCM ensures that inventory is reported at the lower of cost or market value and how this adjustment is made...
The Business Professor
Deferred Expenses: Types and Adjustments
This video is part of a series on accounting adjustments and discusses deferred expenses, specifically prepaid rent and supplies. The video defines deferred expenses and explains how they are assets paid in advance of receiving their...
The Business Professor
Understanding Contingent Liabilities: Types and Categories
The video provides an explanation of contingent liabilities in accounting. The speaker distinguishes between known liabilities, estimated liabilities, and contingent liabilities - the latter being future obligations that may or may not...
The Business Professor
Last In First Out (LIFO) Inventory Method - Accounting
Last In First Out (LIFO) Inventory Method - Accounting
Executive Finance
Setting Yourself and Your Team Up for Success in ERP Implementation
In this video, the importance of setting measurable criteria for ERP implementation success and offers tips for achieving it is discussed. The speaker emphasizes the need to find trusted advisors, stay involved in change management...
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Depreciation
This video explains Need & Concept of depreciation in Accounting, how to calculate depreciation & how it is recorded
The Business Professor
Comparing Inventory Valuation Methods
This video discusses the advantages of using different inventory valuation methods in business, such as LIFO (Last-In, First-Out), FIFO (First-In, First-Out), and weighted average. It explains how each method can provide accurate...
The Business Professor
Understanding the Balance Sheet
The video is a tutorial on understanding the balance sheet, which is a financial statement that shows the position of a company at a specific point in time. The narrator explains the accounting equation and breaks down an example balance...
The Business Professor
Introduction to GAAP and Financial Accounting Principles
This video explains the concept of GAAP (Generally Accepted Accounting Principles) and its importance in financial accounting. The speaker also explains the source of GAAP, which is the SEC, and their oversight of GAAP through a private...
Executive Finance
Developing Your Personal Strategy for Success
The video discusses the importance of personal strategy and how to create one using a chain of bubbles. It covers topics such as identifying your purpose and career goal, determining where you want to play and how to win, assessing what...
Executive Finance
Surviving the New World of Virtual Meetings
In this video, the teacher discusses the rise of virtual meetings and offers tips on how to make them more productive and energizing. He emphasizes the importance of having a skilled facilitator, being on time, minimizing distractions,...
The Business Professor
Understanding Financial Statements
In this video, the teacher introduces the concept of financial statements. The four main financial statements discussed are the income statement, statement of retained earnings, balance sheet, and statement of cash flow.
The Business Professor
Understanding Liquidity, Cash, and Cash Equivalents in Accounting
The video discusses three important concepts related to finance and accounting: liquidity, cash, and cash equivalents. The presenter explains what liquidity is and why it is important for a company's ability to pay its near-term...
The Business Professor
What are Liabilities - Financial Accounting
What are Liabilities - Financial Accounting
Sustainable Business Consulting
The Shift to Valuing Intangible Assets
Learn how to assign a value to intangible assets within a company. As more and more accountants, auditing firms and investors are asking about the triple bottom line (social, environmental financial), annual reports are increasingly...
The Business Professor
Inventory Recording Systems: Perpetual vs Periodic
In this video, the speaker discusses two different inventory systems that companies can use to record their merchandise transactions - perpetual and periodic. The speaker gives examples of how a car dealership may use the perpetual...
The Business Professor
Inventory Costing: Understanding FIFO Method
In this video, the teacher explains the concept of FIFO (First-In, First-Out) method for inventory costing. They go through the journal entries and calculations step by step, showing how to determine the cost of goods sold and ending...
The Business Professor
Introduction to Managerial Accounting
In this video, the speaker provides an explanation of what managerial accounting is and how it differs from financial accounting. The video highlights the tasks and responsibilities of a managerial accountant, such as preparing financial...
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Non Profit Organization_ProblemSolving
Problem solved on Non Profit Organisation covering simple transaction recording and adjustments like donations, subscriptions and outstanding& prepaid expense or income.
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Non Profit Organisation- Important Tips
This video is on important tips for non profit organisations
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Accounting Test time Journal Entries
Here we come with a Short Interactive Quiz on "Journal Entries" from our new & exciting series "Accounting Test Time" Please comment your scores in the comment section below.