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Dual Aspect and Matching Principle
Accounting Principles and Concepts Explained part 4/6: In this video, the teacher explains the principles of accounting, including the dual aspect concept and the matching concern principle. Through examples, the teacher emphasizes the...
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Introduction to Revenue Recognition
This video discusses the revenue recognition concept in accounting, which determines when to recognize revenue from goods and services. It also covers the importance of objective evidence in maintaining accurate records and the role of...
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How to post in Ledger from journal
Check out this video on "How to post in Ledger from Journal?" by Letstute Accountancy. This video covers the need for ledger, format, posting of transactions in ledger & balancing ledger accounts.
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Introduction to Basic Accountancy Terminologies
In this video, we learn about the basic terminologies used in accountancy. We explore concepts such as capital, assets, goods, purchases, sales, creditors, debtors, and expenses. Understanding these terms is essential for effective...
Executive Finance
Transforming Financial Reporting: From Level 1 to Level 2 Maturity
This video is a lesson on transforming financial reporting, discussing the importance of integrated non-financial statistics and dissecting the business into its component parts. The speaker emphasizes the need for a focused number of...
Executive Finance
Introduction to Financial Intelligence and Statements
This video discusses the importance of systems and processes in building financial intelligence. It explains how financial statements are created, the different types of statements, and how to evaluate them. The video also touches on the...
The Business Professor
Structure of Business Education
This Video Explains Structure of Business Education
Executive Finance
Building Your Financial Intelligence: Understanding the Role of Finance in Organizations
This video is a lesson on building financial intelligence, discussing the role of finance in organizations. It outlines the three levels of finance function maturity and how they impact decision-making, and provides insights for...
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Classification of Accounts in Accounting
This video is a lesson on the important topic of classification of accounts in accounting. The teacher explains the concept of accounts and how they are systematically recorded and summarized based on similar transactions related to a...
Executive Finance
Optimizing the Financial Close Process: Strategies and Best Practices
This is a lesson for finance professionals on optimizing the financial closing process. It covers strategies for improving the speed and accuracy of closing the books, including best practices for reconciliations, accruals, and inventory...
Executive Finance
Seven Steps to Improve Your Financial Close Process
This video provides a seven-step process for improving the financial close process, emphasizing the importance of considering the people aspect of any change management initiative and using a process-oriented approach. The steps include...
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Single Entry System
This session covers: Single Entry System(Introduction), Recording of Events, Limitation, Single Entry Vs Dual Entry, Problem Solving
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Accounting Principles and Conventions - Accounting Test Time #17
Check Out Our Video on "Principles and Conventions"
Executive Finance
Finance Transformation: Understanding Your Competencies for Personal and Organizational Growth
The video is a course on finance transformation, where the instructors discuss the importance of understanding one's own strengths and weaknesses in the finance organization. They provide a competency map to help individuals assess their...
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Piecemeal Distribution of Assets and Liabilities in Firm Dissolution
In this video, the teacher explains the concept of piecemeal distribution in the dissolution of a firm. They discuss the order of payment for liabilities and demonstrate how to calculate the proportionate capital using a statement of...
Executive Finance
ERP Testing Strategy: Ensuring a Successful Implementation
This video discusses the importance of an aggressive and extensive testing strategy for ERP implementation. It covers the different levels of testing and the progression of testing sophistication, ultimately leading to a successful go-live.
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Issue of Debentures: Problem Solving and Journal Entries
In this video, the teacher explains the concept of issuing debentures in company accounts and provides tips for problem-solving. The teacher walks through a sample question, discussing the journal entries and logical explanations for...
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Accounting Principles 5
With the help of examples we will understand what is cash basis and accrual basis of accounting and what is basis of accounting is suitable to follow.
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Valuation of Goodwill (part 1 )
Get your answers to 1. What is goodwill? 2. Why is there a need to value goodwill ? 3. How to value goodwill ?
Executive Finance
Creating a One-Page Scorecard for Successful Finance Transformation
This video discusses the importance of using metrics and a one-page scorecard in finance transformation to drive performance and bring focus to management meetings. The speaker shares their experience in creating a scorecard and provides...
Executive Finance
Improving the Monthly Close Process: Identifying Bottlenecks and Solutions
This video is a lesson for financial professionals on how to improve their monthly close process. The speaker discusses common bottlenecks and challenges, such as manual processes and lack of system integration, and offers suggestions...
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Accounting for Not for Profit Concern
In this video we are teaching about the introduction, accounting of NPO, capital vs revenue for non profit organisations with the help of examples