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Are you confused between Accounts Payable vs. Accrued Expense? Here are real life examples [Video]

Are you confused between Accounts Payable vs. Accrued Expense? Here are real life examples

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Download the month-end close checklist shown in this video:
https://thefincontroller.com/p/the-fin-controller-get-close-checklist

Download the vacation accrual example shown in this video:
https://thefincontroller.com/p/vacationaccrualexample

Chapters:
00:00 Summary of video
01:10 Definition of Accounts Payable and Accrued Expenses
03:00 How to locate on the financial statements
04:34 How to record Accounts Payable
06:59 How to record Accrued Expense – example vacation liability

I got some questions around the difference between Accounts Payable and Accrued Expenses. I made this video to clarify with examples.

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What is Globalization? [Video]
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What is Globalization? [Video]

In this video, we will discuss what is globalization, the factors contributing to it, how it actually works, and the pros and cons of globalization.What is Globalization?It is an extension of trade, commerce, and culture of a particular economy along with the different nations. As a result, it permits the interchanging of various domestic products, technologies, food, and other resources on a global scale.Globalization Characteristics- Flourishing TRADE- Movement of capital from one region to another region- Exchange of knowledge - Interconnectivity of different sectors- Promoting international investment- Exchange of services and goods Benefits of Globalization - Provides cross border connectivity - Promotes the dependency of nations- Helps in providing a free trade environment- Helps in expanding the business globally- Creates newer job opportunities- Workforce migration- Cultural integration- Lower taxes on international business Drawbacks of Globalization - Immigration issues for the workforce- Uneven distribution of wealth - Labor exploitation- Economic downfall in one nation impacts other countries- Competition from local sellers and loss of customers in the local market.For more details, you can refer to our article – https://www.wallstreetmojo.com/globalization/Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/?utm_medium=copy_linkTwitter https://twitter.com/wallstreetmojo

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