Accountability for resource access is possible only with people using their own unique user accounts where the principle of least privilege has been applied, ideally through group-assigned permissions. Account policies can determine...

Get your answers to 1. What is goodwill? 2. Why is there a need to value goodwill ? 3. How to value goodwill ?

In this video we are teaching about the introduction, accounting of NPO, capital vs revenue for non profit organisations with the help of examples

This session covers All About Non-Profit Organisation 1.How do they source funds 2.How is accounts maintained and 3.What is the difference between capital and revenue

Transactions that affect two different accounts are called need for dual aspects and Double entry system. Matching concern principle is the earning when we get service or revenue related campaigns. Needs for matching expensive and...

The video provides an explanation of what the balance of payments is and its importance in measuring a country's trading performance on the world stage. The video breaks down the balance of payments into two main sub-accounts: the...

This video provides an overview of the accounting principles and concepts used to verify and check financial statements. The presenter walks through examples of prepaid expenses, outstanding expenses, and accrued income to demonstrate...

Try this interesting quiz on principles and conventions . In this quiz, you can challenge your knowledge on "principles and conventions.

This is a quick quiz on classification of accounts in accounting.<br/>

In this session we focus on what do we understand from the revenue recognition concept and the objective evidence concept in accounting? How is it applied?

The demographic shifts in Texas may preview changes in all of America. More Americans being born and growing up in Texas today are people of color. These populations have experienced economic inequality and lack of opportunities. Making...

In this video, the teacher guides students through the process of preparing an income and expenditure account and balance sheet for a non-profit organization. They explain the importance of marking the question, making necessary...

Here are 5 steps you can take today to improve your financial and physical health amidst coronavirus fears.

Security Interest in Assignment of Accounts Receivable or Contract Rights

This session will give us a broad understanding of the importance of closing stock. We will go through the following points : 1. Meaning & Introduction 2. Stock Ledger 3. FIFO Method / Weighted Average Method 4. Recording Closing Stock

We will see why do we need to follow the dual aspect concept in accounting and what is the difference between single entry system and double entry system.

In this video, we will explore the importance of assessing control risk and understanding the controls of a client. This assessment helps ensure the accuracy and reliability of financial reporting processes.

Check out our video on "Treatment of Goodwill" In this video you can have a quick revision of goodwill accounting treatment

In this video, the teacher explains the concept of Memorandum stock and Memorandum markup accounts in departmental accounting. They provide step-by-step instructions on how to prepare these accounts and the logic behind them.

Perfection of Security Interest by Control

In this video we will be teaching howtransactions are divided into Assts, goods and expenses recorded under accounts. Assest are long term while goods are for resale. Buying goods have cash purchases and credit purchases. Selling goods...

In this video, the teacher explains the concept of a journal in the accounting cycle. They discuss the purpose and importance of a journal, and demonstrate how to record transactions in a journal using examples. The video also introduces...

Automatic Perfection of a Security Interest in Goods

Jamal wonders how to keep your money safe online after someone attempts to hack into his bank. How do you keep your money safe? What steps can you take to be careful? How safe is online banking?