This video discusses the importance of policies and procedures in organizations to ensure integrity of information and safeguard assets. It also highlights the prevalence of fraud and the need for strong internal controls to prevent and...

In this video we will see what is the difference between accounting principles and accounting conventions. The 4 conventions Materiality, consistency, conservatism and full disclosure are explained with examples

FASB Chairman Richard Jones discusses what to expect regarding accounting standard updates in 2022 -- from potential rules on digital assets and climate reporting.

In this video we will learn the need to prepare financial statements or final accounts and the format in which it is made. The different components and differences are explained.

Can the poor borrow their way out of poverty? In this episode, Alvin Hall aims to find out by lending just $25 to two small business women in Tanzania, via Kiva, a global micro-finance website.

This video explains the significance between a Single vs Combined Report in Auditing

This video explains what is a Substantive Test in Audit practice.

Another Art of Accounting Analysis video where we will trying to prepare a cash bank summary for missing record of 1 year from given financial statements.

Prof. AJ Kooti explains the accounting cycle. This video is part 1 of a 3 part series.

When James Freis, Market Integrity Solutions LLC founder, joined German payments company Wirecard he soon discovered fraud, became chief executive and presided over the winding up of the company. He discusses practical corporate...

To Know More About " Financial Statements"

CFOs are navigating a range of new reporting requirements, some meant to help companies through the Covid-19 health crisis. The Chief Accountant of the SEC describes how to do it right, and when it's done wrong.

In this video, the four audit opinions (unqualified, qualified, adverse, and disclaimer) are explained.

This video explains what is an Auditor's Report?

In this video, a teacher explains how to read and interpret financial statements in a simple language. They compare the financial statements of two businesses and analyze important factors such as gross profit, expenses, cash management,...

This video explains what is Auditing?

Financial accountants focus on the preparation of financial statements to report to the outside world. Managerial accountants focus on the use of internal information to all internal decision making.

This video explains what are the Steps of an Audit Engagement

Pro Forma Financial Statements or Pro Forma are used to project the peformance of a business or project. This video explains how to create pro forma financial statements - namely the balance sheet, income statement, and cash flow statement.

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.

This video explains what are Compilations in Audit practice.

Do you have any difficulty or problem in the process of "Accounting cycle" ? Here is a quiz that will help you to learn and understand it better.<b<br/>r/>

Please comment your scores in the <br/>comment section below.

This is a lesson on how to read and understand the notes to financial statements. The teacher highlights red flags to watch out for, such as going concern, off-balance sheet liabilities, and subsequent events disclosure.

This video explains what are Attorney Letters in Audit practice.