Let's Tute
Financial Statements: Their Components
Financial Statements part 1/2: The video provides a comprehensive overview of financial statements and their components, including the income statement and balance sheet. It covers the importance of knowing a business's profit and loss,...
The Business Professor
Operating Lease vs Capital Lease
An operating lease is a traditional lease scenario that is accounted for as an expense on the income statement. A capital lease is capitalized over time and is recorded on the balance sheet.
The Business Professor
Operating Lease vs Capital Lease
An operating lease is a traditional lease scenario that is accounted for as an expense on the income statement. A capital lease is capitalized over time and is recorded on the balance sheet.
Let's Tute
Understanding Accounting Principles: Cash Basis vs. Accrual Basis
In this video, the teacher discusses two different accounting principles: the cash basis of accounting and the accrual basis of accounting. The cash basis records transactions only when cash is received or paid, while the accrual basis...