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Introduction to Departmental Accounts
In this video, the teacher explains the concept of departmental accounts in accounting. They discuss why departmental accounts are prepared and what they include, such as departmental trading and profit and loss accounts. The teacher...
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Departmental Account: Trading and P&L Account and General P&L Account
In this video, the teacher explains how to solve a departmental accounting question involving departmental trading and profit and loss accounts, as well as a general profit and loss account. The teacher walks through the steps of...
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Departmental Account and Markup Method
In this video, the teacher explains how to solve a question on departmental accounts using the Memorandum Stock and Memorandum Markup account method. They go through all the necessary adjustments, such as recording opening stock,...
Curated Video
GCSE Secondary Maths Age 13-17 - Ratio, Proportion & Rates of Change: Simple Interest - Explained
SchoolOnline's Secondary Maths videos are brilliant, bite-size tutorial videos delivered by examiners. Ideal for ages 13-17, they cover every key topic and sub topic covered in GCSE Maths in clear and easy to follow steps. This video...
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Goodwill Valuation and Accounting Treatment in Partnership
In this video, the teacher explains the concept of goodwill valuation and its accounting treatment in the context of partnership businesses. They cover scenarios such as the admission and retirement of partners and how goodwill is...
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Death of a Partner: Revaluation, Capital Accounts, and Balance Sheet
In this video, the teacher explains how to solve a problem related to the death of a partner in a partnership firm. They go through various adjustments, including revaluation of assets, valuation of goodwill, and calculation of the...
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Departmental Accounts and Interdepartmental Transfer: Calculating Stock Reserve
In this video, the teacher explains how to calculate unrealized profit and stock reserve in departmental accounts. They provide a step-by-step explanation of the calculations using a specific example. The video also covers the allocation...
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Departmental Accounts: Interdepartmental Transfers and Balance Sheet Preparation
In this video, the teacher explains how to prepare departmental trading and profit and loss accounts, as well as the balance sheet for a company with three departments. They go through the trial balance, make adjustments for...
Executive Finance
Analyzing the Income Statement: Understanding Net Income and Financial Ratios
In this video, the teacher explains how to analyze an income statement to understand how net income is generated by an organization and its business model. The lesson covers vertical and horizontal analysis, margins, ratios, and the...
Curated Video
Profitability Analysis: Comparing Companies, Contextualizing Numbers, and Using Ratios
The video is about analyzing profitability of businesses using various equations and ratios such as gross profit, operating profit, and net profit margins. It explains how to make sense of these numbers and turn them into actionable...
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Retirement of a Partner in Accountancy
In this video, the teacher explains the process of solving a problem related to the retirement of a partner in a business. They break down the steps involved and provide clear explanations of the adjustments and calculations required....
Executive Finance
Analyzing the Balance Sheet for Management Questions
This lesson is about analyzing the balance sheet to formulate questions for management. It covers liquidity, efficiency ratios, good and bad assets, and liabilities and equity ratios. The video uses a steel fabrication company as an...
Curated Video
Introduction to Profit Margins and Return on Capital Employed (ROCE)
The video provides an introduction to profit margins and return on capital employed (ROCE) in finance. It explains the different types of profit margins (gross, operating, and net) and how they are calculated. The video also introduces...
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Partnership Problem Solving: Retiring Partner Settlement and Revaluation
In this video, the teacher continues the session on partnership problem solving. They discuss the retirement of a partner and the necessary accounting adjustments that need to be made. The teacher explains the accounts that will be...
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Valuation of Goodwill (part 2)
This Video Explains How to Record Goodwill in the Firm's Books of Accounts at the time of admission and retirement of a partner.
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Calculating Unrealized Profit in Departmental Accounts
In this video, the teacher explains how to calculate the correct net profit for each department by eliminating unrealized profit and applying the commission. The teacher also demonstrates how to calculate the stock reserve by considering...
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Preparing Final Statements for Partnership Firms: Admission of a New Partner
This video provides a step-by-step guide on how to prepare final statements for a partnership firm, including the preparation of trading profit and loss accounts, balance sheets, and partners' capital accounts. It also covers adjustments...
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Retirement of a Partner
In this session we will learn through simple examples, the different adjustments on retirement/death of a partner.It covers treatment of goodwill, revaluation of assets and liabilities, profit and loss adjustment and calculation of gain...
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Calculating Fire Insurance Claim for Loss of Stock
In this video, the teacher explains how to calculate the amount of claim to be launched with an insurance company for loss of stock due to a fire in a business. The teacher walks through the process of preparing a memorandum trading...
Curated Video
How Banks Create Credit in the Wider Economy
This video explains how banks and financial institutions create credit in the wider economy. The presenter uses examples to illustrate how banks extend loans and create assets on their balance sheet, while also opening equal value...
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Calculating Fire Insurance Claim: Adjustments for Abnormal Goods
In this video, the teacher explains how to calculate the amount of fire insurance claim for a company whose premises were destroyed in a fire. The teacher walks through the process of preparing a trading account, adjusting for abnormal...
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Calculating Stock on Date of Fire and Insurance Claim Amount
In this video, the teacher explains the process of calculating stock on the date of a fire for insurance claims. They discuss the importance of valuing stock at cost and the methods for finding the physical stock at the place of fire....
Institute for New Economic Thinking
How Not to Criticize Standard Economic Models
Josh Mason from John Jay College CUNY doesn’t think teaching contending economic theories is effective, and sees the objective of introductory economics courses as teaching students basic tools to understand economic terminology,...
Packt
Practical Data Science using Python - EDA Project - 7
This video explains the influence of dti on the loan status or the default ratio. This clip is from the chapter "Exploratory Data Analysis (EDA)" of the series "Practical Data Science Using Python".This section explains Exploratory Data...