This video from Commerce Specialist explains the Accounting Concepts and Principles. Lights are thrown on GAAP. It explains how to apply various accounting concepts in practical accounting. Complete discussion has been made on the Concepts like: Business Entity, Going Concern, Principle of Double Entry, The Money Measurement, Time Period Principle, Historical Cost Concept, Principle of Materiality and Aggregation, Economic Substance over Legal Form, Principle of Consistency, Principle of Adequate Disclosure, Prudence/Conservatism, Matching Principle, Principle of Objective Evidence and Concept of Realization.

This Video also explains how these accounting concepts are related to various topics in accounting, specially in the preparation of Financial Statements.

This tutorial/lecture video is very relevant and useful for students of B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Link of my previous videos:
1. Depreciation Basics: [Methods and Calculations]    • Depreciation | Methods & Calculations...  
2. IAS 16 Property, Plant & Equipment:    • IAS 16 PPE | Property, Plant & Equipm...  
3. Inventory Valuation [Systems & Methods]:    • Stock Valuation Systems & Methods | P...  
4. Break Even Analysis (CVP Analysis)    • Break-Even Analysis | CVP Analysis | ...  
5. IAS 7 Statement of Cash Flows:    • Statement of Cash Flows | IAS 7 | Ind...  
6. Accounting for Receivables:    • Accounting for Receivables | Bad Debt...  
7. Ratio Analysis    • Ratio Analysis | Financial Statement ...  
8. MBA VS ACCA    • BBA V/S ACCA | MBA V/S ACCA |SECRETS ...  
9. Capital Budgeting / Investment Appraisal:    • INVESTMENT APPRAISAL | CAPITAL BUDGET...  
10. Basic Accounting:    • ACCOUNTING BASICS | FUNDAMENTALS OF A...  
11. Accounting Basics Part 2:    • ACCOUNTING BASICS 2 | Entries | Ledge...  
12. How to Pass CMA    • HOW TO PASS CMA USA EXAM WITHIN 1 YR ...  
13. Operate or Shut down decisions    • Operate or Shut Down Decisions |short...  
14. Life Cycle Costing    • LIFE CYCLE COSTING | PRODUCT LIFE CYC...  
15. HOW TO PASS ACCA EXAM    • HOW TO PASS ACCA IN FIRST ATTEMPT | A...  
16. IAS 33 (EARNINGS PER SHARE)    • How to calculate Earnings Per Share |...  
17. TARGET COSTING    • Target Costing | Target Cost Gap | AC...  
18. HOW TO DO CMA USA ESSAY SECTION    • How to attempt CMA ESSAY SECTION | Ti...  
19. ERRORS & THEIR RECTIFICATION    • Rectification of Errors | 7 Errors no...  
20. SUSPENSE ACCOUNTS    • Suspense Account | Rectification of E...  
21. OPERATING & FINANCIAL LEVERAGE    • Operating Leverage | Financial Levera...  

Viewers and students can contact me on [email protected] or email me at [email protected] or whatsapp me on +923219213800.

Commerce Specialist, GAAP, Business Entity, Going Concern, Principle of Double Entry, The Money Measurement, Time Period Principle, Historical Cost Concept, Principle of Materiality and Aggregation, Economic Substance over Legal Form, Principle of Consistency, Principle of Adequate Disclosure, Prudence/Conservatism, Matching Principle, Principle of Objective Evidence and Concept of Realization. B. Com, BBA, MBA, CA, ACCA, CPA, CMA, A levels, O Levels, CIA,

#accountingconcepts #acca #cma