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US GAAP Principles Mapped To The Balance Sheet Accounts. Fully Explained! [Video]

US GAAP Principles Mapped To The Balance Sheet Accounts. Fully Explained!

Whenever I look up US GAAP principles such as Accruals and conservatism, I often find Cold Hard definitions that lack context.

But how do these US GAAP principles relate to the accounts on the financial statements? for example, what does the principle of accrual mean for the balance of accounts receivable? And what does the principle of conservatism mean for the inventory account?

Videos Mentioned:
My video on Cash Accounting vs. Accrual Accounting: https://youtu.be/eApsfjccm7s
My video on Revenue Recognition: https://youtu.be/CnlKAvu6qdI
My video on GAAP Principles for Income Statement: https://youtu.be/Yy2y_tfqKdc

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All views expressed on my channel are mine alone. Not intended as financial or professional advice

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Resources for Accountants

Hear out from Becker leadership on Simandhar | Aziz - Becker , Director International | CPA Course [Video]

Aziz Tayyebi, Director International at Becker Professional Education, talks about his association with Simandhar Education. This was a part of the session conducted on November 19, in association with Becker for accounting students.Watch this video to know what he has to say about the US CPA/CMA courses, the team, and our approach.#ThinkCPAThinkCMAndharSimandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ------------------***-----------------***---------------------***---------------------***-----------------------𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and make them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media.Make sure to hit the like, share and subscribe to our YouTube channel.To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1Now you can listen to our podcast at https://bit.ly/36PYQPP ------------------------------- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 -----------------------------------Make Sure to follow us on our Social Media Channels:Podcast: https://bit.ly/36PYQPPInstagram: https://zcu.io/TNgDLinkedin: https://bit.ly/2Oh9w5dFacebook: https://zcu.io/gDvXTwitter: https://zcu.io/17cSThink CPA / CMA - Think Simandhar

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Resources for Accountants

3. Learn Excel Shortcuts - How to ADD ROW/ROWS in Just 50 Seconds! [Video]

#shortsIn this video, we will learn the 3 shortcuts -1) Select Row (Ctrl + SHIFT)2) Add Row (Ctrl and + sign)3)Add Multiple Rows (After selecting multiple rows, press "Ctrl and + sign")Excel's basic elements are cells, rows, and columns. To perform well in Excel, one must be familiar with these three elements. In this video, we'll demonstrate the shortcut keys related to Rows. Connect with us! Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/ Facebook https://www.facebook.com/wallstreetmojo Instagram https://www.instagram.com/wallstreetmojoofficial/ Twitter https://twitter.com/wallstreetmojo

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Resources for Accountants

All of the Balance Sheet Ratios for Financial Analysts [Video]

Over the last year I’ve made multiple videos talking about how to measure balance sheet KPIs or we also refer to them as financial ratios.And today I wanted to put these all together in one video, so you can come out of it feeling super confident in your ability not only to calculate these rations, but more importantly how to read and interpret them📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs:​https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business​📈 Get $25 off MY ONLINE COURSE ON FINANCIAL METRICS (code: Save25)https://thefincontroller.com/p/learn-financial-metrics-kpis/?product_id=2659754&coupon_code=SAVE25&preview=logged_out🔥Enroll in my online course “Night Before the Accounting Interview Guide” including All Levels Q&A🔥:https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels------------------------------------------------------------------⚪️ 🧠 Roger CPA Review Course (get 50% off - Highly recommended): https://www.uworld.com/productreferral.aspx?ukey=8lzsxx2bT8qzYRxekeTKyWQ3d3d⚪️ 📚 Learning//SkillShare (get 2 weeks free): https://www.skillshare.com/r/profile/Bill-Hanna/7521537---------------------------------------------------------------------Hang Out with me on social media:📸 https://www.instagram.com/the_financial_controller/📱https://www.tiktok.com/@thefinancialcontroller🙋🏼‍♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice

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Resources for Accountants

A&A Update with Brad Muniz - 5/17/22 | IssuesWatch Podcast [Video]

Learn about the AICPA’s recent audit quality survey, SEC updates on climate and ESG matters, new GASB standards and projects, and international accounting news. *** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***Resources:• AICPA audit quality survey - https://www.journalofaccountancy.com/news/2022/apr/audit-quality-indicators-show-importance-tone-at-top.html• SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures - https://www.sec.gov/news/press-release/2022-82• AICPA Practice Considerations of ESG-related matters in an audit of financial statements - https://www.aicpa.org/resources/download/considerations-of-esg-related-matters-in-an-audit-of-financial-statements• GASB chair works on improving standards for government accountants - https://www.accountingtoday.com/news/gasb-chair-works-on-improving-standards-for-government-accountants• U.S. Sanctions Ban Provision of Accounting, Consulting Services to Russia - https://www.journalofaccountancy.com/news/2022/may/us-sanctions-ban-provision-accounting-consulting-services-russia.html• U.S., Chinese regulators in talks for audit deal - https://www.reuters.com/business/exclusive-us-regulators-are-china-audit-deal-talks-sources-2022-05-06/#IssuesWatch #podcast #accounting #audit #auditing #auditquality #aicpa #sec #esg #pcaob #gasb========================================Watch all IssuesWatch Podcast episodes at https://www.youtube.com/playlist?list=PLJ2syuG5TiiZOFQdURLJUDzGJVz17ZPthSUBSCRIBE FOR MORE CPA VIDEO TIPS AND NEWS - https://www.youtube.com/c/njcpa?sub_confirmation=1LET'S CONNECT:NJCPA http://www.njcpa.orgFACEBOOK https://www.facebook.com/njscpaTWITTER https://twitter.com/njcpaLINKEDIN https://www.linkedin.com/grp/home?gid=165152INSTAGRAM https://www.instagram.com/thenjcpa