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GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
 
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To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] In this video I have tried to provide a basic idea of what GAAP is and why is it required. Hope this proves useful to anyone who watches it. Please let me know your comments on the video and if you like it please hit the like button. Do not forget to subscribe for more such videos in future. Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 81938 The Commerce Tutor
Generally Accepted Accounting Principles(GAAP): Financeera
 
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A video explains the concept of Accounting Principles in detail. Highly recommended and useful for beginners in accounting or non- accounting and finance professional
Views: 15572 Gaurav sharma
Introduction to GAAP (Generally Accepted Accounting Principles)
 
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This video discusses Generally Accepted Accounting Principles (GAAP). GAAP refers to the common set of rules companies must follow when preparing financial reports for external parties (investors and creditors). Not all countries use the same GAAP. A country may adopt International Financial Reporting Standards or it may create its own local GAAP. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 67805 Edspira
Generally Accepted Accounting Principles | GAAP | SSC CGL 2018 | CAG AAO
 
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GAAP for AAO in CAG through SSC CGL Paper 4 (AAO CAG). Finance and Economics paper Tier 2 . very important topic for concepts and numericals. This forms the basis of accountancy.
Views: 12007 Exambay
GAAP Generally Accepted Accounting Principles | Financial Accounting | CPA Exam FAR
 
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Generally Accepted Accounting Principles (GAAP) | Accounting | Chegg Tutors
 
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Manufacturing Companies help track their units in work in process using a method called equivalent units. Equivalent Units are partially completed units translated into whole units. Accounting for whole units is much easier to track than if they were seen as partially completed units. To properly calculate equivalent units, companies must first figure the total units to account for. From there, calculate the number of units that were completed from the Beginning Work in Process batch, units started and completed and ending work in process. Under the FIFO method, manufacturers are only focusing on what was completed during the period. This allows them target current period expenses since beginning work in process are comprises the oldest units that will leave first once after completion. ---------- Accounting tutoring on Chegg Tutors Learn about Accounting terms like Generally Accepted Accounting Principles on Chegg Tutors. Work with live, online Accounting tutors like Nathan G. who can help you at any moment, whether at 2pm or 2am. Liked the video tutorial? Schedule lessons on-demand or schedule weekly tutoring in advance with tutors like Nathan G. Visit https://www.chegg.com/tutors/Accounting-online-tutoring/?utm_content=managed&utm_medium=video&utm_source=youtube&utm_campaign=videotutorials ---------- About Nathan G.,Accounting tutor on Chegg Tutors: Texas State, Class of 2010 Finance/Accounting Major Subjects tutored: Accounting TEACHING EXPERIENCE Educated from Texas State University, I received my BBA Accounting in 2010. During college, I would often study with classmates. I noticed how much I enjoyed helping them with Accounting. I then knew I had a skill underutilized. My passion for tutoring fuels my desire to see you succeed. With over 7 years of instructional experience, I will provide the tools to help you master Accounting. Check out my YouTube Channel to learn more about Accounting: https://www.youtube.com/channel/UCCyBG-qtLqfvCdSG34ES8Ag. EXTRACURRICULAR INTERESTS I am a man of many tastes. I really enjoy technology, racquetball, basketball, real estate investing practices, web development, and comedy! I love diversifying my interests so I never get bored lol. Hope to hear from you soon! We'll setup a plan to help you succeed in Accounting. Want to book a private lesson with Nathan G.? Message Nathan G. at https://www.chegg.com/tutors/online-tutors/Nathan-G-862370/?utm_source=youtube&utm_medium=video&utm_content=managed&utm_campaign=videotutorials ---------- Like what you see? Subscribe to Chegg's Youtube Channel: http://bit.ly/1PwMn3k ---------- Visit Chegg.com for purchasing or renting textbooks, getting homework help, finding an online tutor, applying for scholarships and internships, discovering colleges, and more! https://chegg.com ---------- Want more from Chegg? Follow Chegg on social media: http://instagram.com/chegg http://facebook.com/chegg http://twitter.com/chegg
Views: 3576 Chegg
Generally accepted accounting principles
 
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Generally accepted accounting principles (GAAP) refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard accounting practice. These include the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 80 Audiopedia
ICSE - Commerce  Generally Accepted Accounted Principles Part 1
 
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CS Bajrang Agarwal explaining the concept in a very ease and diagrammatic manner for students to understand the concept of ICSE Commerce (GAAP)
Views: 3138 BACA Classes
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
 
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Views: 31 SALMAN SHAIKH
Generally Accepted Accounting Principles (United States)
 
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Generally Accepted Accounting Principles, USA GAAP or GAAP stands for "generally accepted accounting principles". Although the U.S. Securities and Exchange Commission (SEC) has stated that it intends to move from US GAAP to the International Financial Reporting Standards (IFRS), they differ considerably from GAAP and progress has been slow and uncertain. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 4957 Audiopedia
3 Generally Accepted Auding Standards
 
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This is lesson reviews the principles of Generally Accepted Auditing Standards and Audit Quality. Learn more and become student at EF University for FREE - http://executivefinance.teachable.com/ Like us Facebook- https://www.facebook.com/exfinance/ Linkedin- https://www.linkedin.com/company/executive-finance Twitter- https://twitter.com/exfinance
Views: 15691 Executive Finance
What are Generally Accepted Accounting Principles?
 
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What are Generally Accepted Accounting Principles? Generally Accepted Accounting Principles, also called GAAP or US GAAP, is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC has stated that it intends to move from US GAAP to the International Financial Reporting Standards (IFRS), the latter differ considerably from GAAP and progress has been slow and uncertain. The Financial Accounting Standards Board (FASB) has published US GAAP in Extensible Business Reporting Language (XBRL) beginning in 2008. History: Auditors took the leading role in developing GAAP for business enterprises. Accounting standards have historically been set by the American Institute of Certified Public Accountants (AICPA) subject to Securities and Exchange Commission regulations. The AICPA first created the Committee on Accounting Procedure in 1939 and replaced that with the Accounting Principles Board in 1959. In 1973, the Accounting Principles Board was replaced by the Financial Accounting Standards Board (FASB) under the supervision of the Financial Accounting Foundation with the Financial Accounting Standards Advisory Council serving to advise and provide input on the accounting standards. Other organizations involved in determining United States accounting standards include the Governmental Accounting Standards Board (GASB), formed in 1984; and the Federal Accounting Standards Advisory Board (FASAB), formed in 1990. Circa 2008, the FASB issued the FASB Accounting Standards Codification, which reorganized the thousands of US GAAP pronouncements into roughly 90 accounting topics. ………………………………………………………………………………….. Sources: Text: Text of this video has been taken from Wikipedia, which is available under the Creative Commons Attribution-ShareAlike License
Views: 83 Free Audio Books
Generally Accepted Accounting Principles (GAAP)
 
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This video is about some beginner's level understanding about Generally Accepted Accounting Principles (GAAP). The GAAP concepts are discussed briefly but crisply.
Views: 8996 Exambay
10 Generally Accepted Auditing Standards (GAAS)
 
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Professional Audit Standards
Views: 5737 Accounting made Easy
CMA Final and Inter - Generally Accepted Cost Accounting Principles (GACAP) by Satish Jalan Sir
 
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Views: 1051 CA KART
Introduction to GAAP - Developing Generally Accepted Accounting Principles
 
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The Webster Academy The tutorial discusses the development of GAAP by its major influences: AICPA, FASB, and SEC. It is ideal for introductory accounting students. The tutorial is designed to be reviewed prior to class to encourage productive participation in the classroom that leads to retained learning.
Views: 15635 john webster
Definition of Generally Accepted Accounting Principles (GAAP) in easy way...
 
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In this video, I discussed about Gains , Gain on sale of Land & Gain on sale of Equipment in easy way.... In this video include : How to define GAAP Generally Accepted Accounting Principles Definition of GAAP Generally Accepted Accounting Principles If You like my video, than please Like,Subscribe,comment & Share with your friends: Thanks for watching Please visit my Facebook ID: https://www.facebook.com/EducationFor... Instagram: https://www.instagram.com/the_educati... Youtube : https://www.youtube.com/watch?v=RkQC65SJpPQ&t=127s https://www.youtube.com/watch?v=Gsprp47f3WU&t=52s https://www.youtube.com/watch?v=f0F8tAvIZsQ&t=8s https://www.youtube.com/watch?v=2YKKyGEG2Zk&t=62s Audio Credit: Song: Valence - Infinite [NCS Release] Music provided by NoCopyrightSounds. Video Link: https://youtu.be/QHoqD47gQG8
Views: 413 The Education Forum
Generally Accepted Accounting Principles (GAAP) BCOM 1
 
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In this video, GAAP is discussed in detail. To get all latest videos in your mailbox, subscribe to our youtube channel - https://www.youtube.com/channel/UCOPH... If you enjoyed this video, then 1. Hit the like button 2. Share with your friends and family, 3. And don't forget to subscribe our channel for more videos like this. 4. Also press the bell icon for regular updates of our videos.
ACCOUNTING 4 - Generally Accepted Accounting Principles (GAAP)
 
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Principle of regularity, consistency, sincerity, the permanence of methods, Non-compensation, prudence, continuity, periodicity, Full Disclosure/Materiality and Utmost Good Faith. AVENIDACULT The CULT channel Sign up our channel http://www.youtube.com/subscription_center?src_vid=pZD7nNTbvJA&feature=iv&add_user=avenidacult
Views: 7408 AvenidaCult
Accounting - Generally Accepted Accounting Principles Tutorial 7 of 10
 
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This video introduces GAAP and other accounting assumptions, principles and guidelines. General rules and concepts govern the field of accounting and are referred to as the basic accounting principles and guidelines. The GAAP are subdivided into assumptions, principles and constraints. These are discussed in succeeding video tutorials 8, 9 and 10. In this video we will also go through the basic concepts which are abstract such as true and fair view, and other characteristics of accounting information which have guided the philosophical underpinnings of accurate and practical accounting.
Views: 5554 CXOLearningAcademy
Generally Accepted Accounting Principles (GAAP) Finance For Non-Financial Individuals
 
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Views: 112 drjeelani
Generally Accepted Accounting Principles
 
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An Easy Overview Of Generally Accepted Accounting Principles
Views: 1930 Christopher Hunt
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP)
 
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ACC 201 - National Louis University
Jim Gray - Generally Accepted Accounting Principles
 
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Jim Gray and Gary Johnson would used Generally Accepted Accounting Principles in the presentation of a national budget.
Frank Lasée on Generally Accepted Accounting Principles (GAAP)
 
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Frank Lasée agreed with John Haumersen of the Racine Taxpayers Association that the Wisconsin State Government does their bookkeeping and budget reporting in a manner that would land someone in the private sector in jail. They even shift the budget format to make year-to-year comparisons difficult. It is a way for governors to get what they want. Lasée included Republican Tommy Thompson in his evaluation.
Views: 840 oldpatriot2
What is GAAP?
 
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GAAP stands for Generally Accepted Accounting Principles; these are the standard and commonly accepted ways of recording and reporting accounting. GAAP is the acronym for generally accepted accounting principles. That means the basic accounting principles and guidelines such as the cost principle, matching principle, full disclosure, etc., the detailed standards and other rules issued by the Financial Accounting Standards Board and its predecessor the Accounting Principles Board, and generally accepted industry practices. GAAP must be adhered to when a company distributes its financial statements outside of the company. If a corporation's stock is publicly traded, the financial statements must also adhere to rules established by the overseeing governmental agency. This includes having its financial statements audited by an independent accounting firm. Accountants use generally accepted accounting principles to guide them in recording and reporting financial information. GAAP comprises a broad set of principles that have been developed by the accounting profession. In 2008, the Securities and Exchange Commission issued a preliminary "roadmap" that may lead the United States to abandon Generally Accepted Accounting Principles in the and to join more than 100 countries around the world instead in using the London-based International Financial Reporting Standard. The SEC expressed their aim to fully adopt International Financial Reporting Standards in the U.S. by 2014. With the convergence of the U.S. GAAP and the international IFRS accounting systems, as the highest authority over International Financial Reporting Standards, the International Accounting Standards Board is becoming more important in the United States. By Barry Norman, Investors Trading Academy
David Cay Johnston - Report the 'GAAP' (Generally Accepted Accounting Principles)
 
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Holding power to account, including corporate power, is part of investigative journalism. In GIJN's Tip of the Day, Pulitzer Prize-winning investigative journalist David Cay Johnston shares what to look for in investigating corporations. For the full video on Reading Company Reports, see: https://www.youtube.com/watch?v=RFbWqH-wBa4&list=PLrCL-ZiCvKYtgT7nymTez7p_E_9thEH7E&index=5 For more information on analyzing asset disclosures, see: https://gijn.org/asset-disclosure/. For more on researching corporations and their owners, see: https://gijn.org/researching-corporations-and-their-owners/ More from David Cay Johnston, Recipient of the Pulitzer Prize, an IRE Medal and the George Polk Award: https://davidcayjohnston.com/ Global Investigative Journalism Network: https://gijn.org/ GIJN Help Desk: https://helpdesk.gijn.org/support/home
Video 1 3 Generally Accepted Accounting Principles 006 [CC]
 
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Video 1 3 Generally Accepted Accounting Principles 006
Views: 28 Ellen Parsons
Accounting Principles (Gaap-Generally Accepted Accounting Principles)
 
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http://ytwizard.com/r/zWk5cf http://ytwizard.com/r/zWk5cf Accounting And Finance: Bookkeeping & Financial Statements Accounting, Finance & Bookkeeping: Financial & Income Statements, CFS Analysis, Accounts Payable Equity & Budgeting
Views: 9 REVIEW PRO
Jayant Sinha: Air India Profitable Under Generally Accepted Accounting Principles
 
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Days after the Comptroller and Auditor General (CAG) concluded that Air India incurred operational loss last fiscal, the government on Wednesday said "it is possible to declare the operational profit" as per generally accepted accounting principles. Read more: https://goo.gl/2ySOeM
Views: 158 BloombergQuint
The new UK GAAP (Generally Accepted Accounting Practice) | Accountex 2015
 
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ICAEW's Marianne Mau discusses the new UK financial reporting regime, and the further changes for small companies expected in 2016 https://sage-exchange.co.uk/news/industry-news/accountex-2015
Views: 1119 Sage
Financial Accounting: Add'l GAAP Concepts & Principles
 
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Views: 2432 ProfAlldredge
What Are The Generally Accepted Accounting Principles?
 
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GAAP (Generally accepted accounting principles) MEANING VERY SIMPLE
 
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Views: 10 Simple Studying
Pass Upwork Generally Accepted Accounting Principles (GAAP) Test answers-TOP 10%
 
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Introduction to GAAP and Transaction Analysis
 
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Introduction to GAAP and transaction analysis
Views: 27531 Denise Dodson
Note on Generally Accepted Accounting Principles Case Study Help - Caseism.com
 
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Views: 1 Caseism.com