Accrued Expenses - Financial Accounting

Professor AJ Kooti provides an example of how to Account for Employee Benefits in his financial accounting course.

Many times we make mistakes unknowingly in our accounting books, so in this session we will learn how to rectify them such that our statements show a true & fair view.

Percent of Sales Method - Accounts Receivable

The Women of Standing Rock part 8/8: This video captures the journey and collective movement of the Standing Rock water protectors in their fight against the Dakota Access pipeline. It showcases their determination to pursue legal...

This video explains the process for dealing with uncollectable accounts receiveable via the Direct Writeoff Method.

Professor AJ Kooti provides a detailed examples of how to conduct a Bank Reconciliation for purposes of financial accounting.

Professor AJ Kooti provides an example of how to Account for Warranties in his financial accounting course.

In this video, the teacher explains the concept of adjustments in accounting. The teacher also introduces the four different types of adjusting entries: deferred expenses, deferred revenues, accrued expenses, and accrued revenue.

Companies often employ differing policies concerning whether to capitalize the purchase of assets or expense the purchase in a given year. This video explains the effects of a capitalization policy on the financial statements.

Professor AJ Kooti provides a detailed example of the Weighted Average method of accounting for inventory sales.

Cost classification is a major component of absorption and variable costing. Absorption costing allocates fixed overhead to Cost of Goods Sold while Variable costing allocates fixed overhead to whisl Selling General and Administrative...

Real World of Money: 12 Fundamental Concepts In this dynamic program students will learn that despite the variety of organizations and their differences, they all use GAAP, Generally Accepted Accounting Principles to record and analyze...

Introduction to Consignment Accounting part 9/10: This video teaches how to value consigned stock in a consignment business using an example of oil barrels. It covers the calculation of cost, deduction of abnormal losses, adjustment of...

In this video, the teacher explains how to solve basic problems on partnership final accounts in accounting. They provide step-by-step guidance on how to read the question, analyze the necessary accounts, post entries from the trial...

Direct Write-Off Method example

Overhead is a major component of any budget. Overhead may be fixed or variable. A fixed overhead analysis seeks to identify what portions of the overhead is affected by operations.

Ch2. Video 8 - JE and T-Account:Trial Balance Example Part 1

sing real world examples, this live-action video introduces the profession of accounting in a dynamic style. The program begins with a brief history of accounting from ancient cuneiform business records to the introduction of the “double...

Ch5. Video 8 - LIFO Example

In this video you'll be kicking off testing by testing the action generators.
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This clip is from the chapter "Testing Your Application" of the series "The Complete React Developer Course (with Hooks and Redux)".This section...

This video discusses the application of Generally Accepted Accounting Principles (GAAP) to the recording and reporting of property, plant, and equipment (PPE) and intangible assets. They explain how this affects disclosure and ultimately...

Absorption costing and variable costing are two methods of accounting for use of inventory or costs of goods sold in an organization

In this video, the teacher discusses common mistakes students make when solving partnership final account problems and provides tips on how to avoid them. The teacher also highlights important concepts and features related to partnership...