- published: 21 Jun 2016
- views: 1023
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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!
-~-~~-~~~-~~-~-
Please watch: "DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI]"
https://www.youtube.com/watch?v=PsfFfitxzLY
-~-~~-~~~-~~-~-
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
- published: 21 Jan 2015
- views: 10623
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf
- published: 13 May 2014
- views: 39823
A look at why financial statement users need Generally Accepted Accounting Principles (GAAP) to make better-informed decisions about whether to provide capital, lend or donate money, or whether or not to support a voter referendum.
- published: 19 May 2017
- views: 497
This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example.
Website:
www.letstute.com
Connect us on Social sites:
Facebook: https://www.facebook.com/letstuteULA
Google+: https://plus.google.com/+Letstute
Slideshare: http://www.slideshare.net/letstute
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Pinterest: https://www.pinterest.com/letstute/
Twitter: https://www.twitter.com/LetsTute
For any query
Call / Whatsapp us @ +917506363600
- published: 02 Jul 2015
- views: 25708
Accounting (Grade 11): GAAP and Accounting Concepts,
GAAP- Generally Accepted Accounting Principles,
Need for GAAP,
IFRS and its Requirement,
Accounting Principles- Accounting Assumptions/ Concepts
Accounting Conventions
Accounting Concepts- Going Concern
Accounting Entity
Money Measurement
Accounting Period
Revenue Recognition
Verifiable Objective
Matching Concept
Cost Concept
Accrual Concept
Dual Aspect Concept
Video by Edupedia World (www.edupediaworld.com). All Rights Reserved.
- published: 01 Sep 2015
- views: 3140
An overview of the development of generally acceptable accounting principles (GAAP), to accompany http://www.principlesofaccounting.com Chapter 15, Financial Reporting Concepts
*Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
- published: 24 Nov 2010
- views: 5641
This tutorial presents a summary of Generally Accepted Accounting principles also known as GAAP or accounting standards. Generally Accepted Accounting Principles define the accounting procedures, and understanding them is essential to producing accurate and meaningful records. In this article we emphasize on accounting principles and concepts so that the learner can understand the "why" of accounting which will help you gain an understanding of the full significance of accounting.
- published: 01 Jul 2013
- views: 9841
Gaap
Gaap (also Tap, Coap, Taob, Goap) is a goetic demon described in the Lesser Key of Solomon, the Pseudomonarchia Daemonum, the Dictionnaire Infernal, and the Munich Manual of Demonic Magic, as a Prince in human form who incites the love. The Munich Manual also says that Taob also provides medical care for women, transforms them to make it easier to get to a lover, renders them infertile, and rules twenty-five legions of spirits. The sources besides the Munich Manual also describe Gaap as a President, giving him the powers to teach philosophy and liberal arts, make others invisible, steal familiars from other magicians, make men stupid, and carry men between kingdoms; in addition to ruling sixty-six legions of demons. Johann Weyer also connects Gaap to necromancers, and states that he was first called upon by Noah's son Ham, along with Beleth. He was of the order of potestates.
Gaap (or Goap) is also one of the four cardinal spirits, of the south in the Lesser Key of Solomon, the west in the Pseudomonarchia Daemonum.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Gaap
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Cash flow
A cash flow describes a real or virtual movement of money:
Cash flows are narrowly interconnected with the concepts of value, interest rate and liquidity. A cash flow that shall happen on a future day tN can be transformed into a cashflow of the same value in t0.
Cash flow analysis
Cash flows are often transformed into measures that give information e.g. on a company's value and situation:
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Cash_flow
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
GAAP
GAAP may refer to:
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/GAAP
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Cash flow statement
In financial accounting, a cash flow statement, also known as statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. Essentially, the cash flow statement is concerned with the flow of cash in and out of the business. The statement captures both the current operating results and the accompanying changes in the balance sheet. As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills. International Accounting Standard 7 (IAS 7), is the International Accounting Standard that deals with cash flow statements.
People and groups interested in cash flow statements include:
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Cash_flow_statement
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Balance sheet
In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition". Of the three basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year.
A standard company balance sheet has three parts: assets, liabilities, and ownership equity. The main categories of assets are usually listed first, and typically in order of liquidity. Assets are followed by the liabilities. The difference between the assets and the liabilities is known as equity or the net assets or the net worth or capital of the company and according to the accounting equation, net worth must equal assets minus liabilities.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Balance_sheet
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
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12:44GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and NeedGENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
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! -~-~~-~~~-~~-~- Please watch: "DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI]" https://www.youtube.com/watch?v=PsfFfitxzLY -~-~~-~~~-~~-~- -
1:55What is GAAP?
What is GAAP?What is GAAP?
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 -
2:40Financial Accounting: GAAP Principles and Concepts
Financial Accounting: GAAP Principles and Concepts -
21:58US GAAP vs. IFRS on the Financial Statements
US GAAP vs. IFRS on the Financial StatementsUS GAAP vs. IFRS on the Financial Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time. Table of Contents: 1:46 Why US GAAP vs. IFRS Matters 5:28 Income Statement Terminology Differences 7:34 Balance Sheet Differences 14:09 How to Adjust the Financial Statements for an IFRS Company 20:02 Recap and Summary Income Statement: The Income Statement is very similar regardless of the accounting system. Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it. Balance Sheet: There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end). The Balance Sheet itself is usually called the "Statement of Financial Position." Also, items within the Equity section often have different names: Common Stock is called "Share Capital" or "Issued Capital." Additional Paid-In Capital is often called the "Share Premium." Retained Earnings and Treasury Stock tend to have similar names. IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses. For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories. But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently. Cash Flow Statement There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method. The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section. The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending. When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement. So we recommend ADJUSTING the financial statements as follows: First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income. Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.). And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those. Further Resources http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx Examples of Financial Statements for US-Based Companies: http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf Examples of Financial Statements for International Companies: http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf -
2:46The Importance of GAAP
The Importance of GAAPThe Importance of GAAP
A look at why financial statement users need Generally Accepted Accounting Principles (GAAP) to make better-informed decisions about whether to provide capital, lend or donate money, or whether or not to support a voter referendum. -
14:22Introduction to GAAP and Transaction Analysis
Introduction to GAAP and Transaction Analysis -
9:36Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute AccountancyAccounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example. Website: www.letstute.com Connect us on Social sites: Facebook: https://www.facebook.com/letstuteULA Google+: https://plus.google.com/+Letstute Slideshare: http://www.slideshare.net/letstute Linkedln: https://www.linkedin.com/in/letstute Pinterest: https://www.pinterest.com/letstute/ Twitter: https://www.twitter.com/LetsTute For any query Call / Whatsapp us @ +917506363600 -
16:59GAAP/ Accounting Concepts/ Accounting Principles
GAAP/ Accounting Concepts/ Accounting PrinciplesGAAP/ Accounting Concepts/ Accounting Principles
Accounting (Grade 11): GAAP and Accounting Concepts, GAAP- Generally Accepted Accounting Principles, Need for GAAP, IFRS and its Requirement, Accounting Principles- Accounting Assumptions/ Concepts Accounting Conventions Accounting Concepts- Going Concern Accounting Entity Money Measurement Accounting Period Revenue Recognition Verifiable Objective Matching Concept Cost Concept Accrual Concept Dual Aspect Concept Video by Edupedia World (www.edupediaworld.com). All Rights Reserved. -
5:2615 -- The Development of GAAP
15 -- The Development of GAAP15 -- The Development of GAAP
An overview of the development of generally acceptable accounting principles (GAAP), to accompany http://www.principlesofaccounting.com Chapter 15, Financial Reporting Concepts *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html -
14:44Introduction to GAAP - General Ledger
Introduction to GAAP - General LedgerIntroduction to GAAP - General Ledger
This tutorial presents a summary of Generally Accepted Accounting principles also known as GAAP or accounting standards. Generally Accepted Accounting Principles define the accounting procedures, and understanding them is essential to producing accurate and meaningful records. In this article we emphasize on accounting principles and concepts so that the learner can understand the "why" of accounting which will help you gain an understanding of the full significance of accounting.
-
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
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! -~-~~-~~~-~~-~- Please watch: "DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI]" https://www.youtube.com/watch?v=PsfFfitxzLY -~-~~-~~~-~~-~-
published: 21 Jun 2016 -
What is GAAP?
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...
published: 21 Jan 2015 -
-
US GAAP vs. IFRS on the Financial Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time. Table of Contents: 1:46 Why US GAAP vs. IFRS Matters 5:28 Income Statement Terminology Differences 7:34 Balance Sheet Differences 14:09 How to Adjust the Financial Statements for an IFRS Company 20:02 Recap and Summary Income Statement: The Income Statement is very similar regardless of the accounting system. Some items have different names (e.g., Revenue is often called Turnover and Net...
published: 13 May 2014 -
The Importance of GAAP
A look at why financial statement users need Generally Accepted Accounting Principles (GAAP) to make better-informed decisions about whether to provide capital, lend or donate money, or whether or not to support a voter referendum.
published: 19 May 2017 -
Introduction to GAAP and Transaction Analysis
Introduction to GAAP and transaction analysis
published: 14 Oct 2011 -
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example. Website: www.letstute.com Connect us on Social sites: Facebook: https://www.facebook.com/letstuteULA Google+: https://plus.google.com/+Letstute Slideshare: http://www.slideshare.net/letstute Linkedln: https://www.linkedin.com/in/letstute Pinterest: https://www.pinterest.com/letstute/ Twitter: https://www.twitter.com/LetsTute For any query Call / Whatsapp us @ +917506363600
published: 02 Jul 2015 -
GAAP/ Accounting Concepts/ Accounting Principles
Accounting (Grade 11): GAAP and Accounting Concepts, GAAP- Generally Accepted Accounting Principles, Need for GAAP, IFRS and its Requirement, Accounting Principles- Accounting Assumptions/ Concepts Accounting Conventions Accounting Concepts- Going Concern Accounting Entity Money Measurement Accounting Period Revenue Recognition Verifiable Objective Matching Concept Cost Concept Accrual Concept ...
published: 01 Sep 2015 -
15 -- The Development of GAAP
An overview of the development of generally acceptable accounting principles (GAAP), to accompany http://www.principlesofaccounting.com Chapter 15, Financial Reporting Concepts *Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
published: 24 Nov 2010 -
Introduction to GAAP - General Ledger
This tutorial presents a summary of Generally Accepted Accounting principles also known as GAAP or accounting standards. Generally Accepted Accounting Principles define the accounting procedures, and understanding them is essential to producing accurate and meaningful records. In this article we emphasize on accounting principles and concepts so that the learner can understand the "why" of accounting which will help you gain an understanding of the full significance of accounting.
published: 01 Jul 2013
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
- Order: Reorder
- Duration: 12:44
- Updated: 21 Jun 2016
- views: 1023
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 ...
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!
-~-~~-~~~-~~-~-
Please watch: "DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI]"
https://www.youtube.com/watch?v=PsfFfitxzLY
-~-~~-~~~-~~-~-
https://wn.com/Generally_Accepted_Accounting_Principles_(Gaap)_|_Meaning_And_Need
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!
-~-~~-~~~-~~-~-
Please watch: "DOUBLE COLUMN CASH BOOK- CONCEPTS INCLUDING CONTRA ENTRY [HINDI]"
https://www.youtube.com/watch?v=PsfFfitxzLY
-~-~~-~~~-~~-~-
- published: 21 Jun 2016
- views: 1023
What is GAAP?
- Order: Reorder
- Duration: 1:55
- Updated: 21 Jan 2015
- views: 10623
GAAP stands for Generally Accepted Accounting Principles; these are the standard and commonly accepted ways of recording and reporting accounting. GAAP is the ...
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
https://wn.com/What_Is_Gaap
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
- published: 21 Jan 2015
- views: 10623
Financial Accounting: GAAP Principles and Concepts
- Order: Reorder
- Duration: 2:40
- Updated: 24 Nov 2014
- views: 7445
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https://wn.com/Financial_Accounting_Gaap_Principles_And_Concepts
US GAAP vs. IFRS on the Financial Statements
- Order: Reorder
- Duration: 21:58
- Updated: 13 May 2014
- views: 39823
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http...
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf
https://wn.com/US_Gaap_Vs._Ifrs_On_The_Financial_Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf
- published: 13 May 2014
- views: 39823
The Importance of GAAP
- Order: Reorder
- Duration: 2:46
- Updated: 19 May 2017
- views: 497
A look at why financial statement users need Generally Accepted Accounting Principles (GAAP) to make better-informed decisions about whether to provide capital,...
A look at why financial statement users need Generally Accepted Accounting Principles (GAAP) to make better-informed decisions about whether to provide capital, lend or donate money, or whether or not to support a voter referendum.
https://wn.com/The_Importance_Of_Gaap
A look at why financial statement users need Generally Accepted Accounting Principles (GAAP) to make better-informed decisions about whether to provide capital, lend or donate money, or whether or not to support a voter referendum.
- published: 19 May 2017
- views: 497
Introduction to GAAP and Transaction Analysis
- Order: Reorder
- Duration: 14:22
- Updated: 14 Oct 2011
- views: 19148
Introduction to GAAP and transaction analysis
Introduction to GAAP and transaction analysis
https://wn.com/Introduction_To_Gaap_And_Transaction_Analysis
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
- Order: Reorder
- Duration: 9:36
- Updated: 02 Jul 2015
- views: 25708
This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example.
Website:
www.letstute.com
Conn...
This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example.
Website:
www.letstute.com
Connect us on Social sites:
Facebook: https://www.facebook.com/letstuteULA
Google+: https://plus.google.com/+Letstute
Slideshare: http://www.slideshare.net/letstute
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Pinterest: https://www.pinterest.com/letstute/
Twitter: https://www.twitter.com/LetsTute
For any query
Call / Whatsapp us @ +917506363600
https://wn.com/Accounting_Principles_|_Entity_|_Going_Concern_Concept_|_Gaap_|_Letstute_Accountancy
This video explains the need for accounting principles / GAAP & what is the entity and going concern concept with an example.
Website:
www.letstute.com
Connect us on Social sites:
Facebook: https://www.facebook.com/letstuteULA
Google+: https://plus.google.com/+Letstute
Slideshare: http://www.slideshare.net/letstute
Linkedln: https://www.linkedin.com/in/letstute
Pinterest: https://www.pinterest.com/letstute/
Twitter: https://www.twitter.com/LetsTute
For any query
Call / Whatsapp us @ +917506363600
- published: 02 Jul 2015
- views: 25708
GAAP/ Accounting Concepts/ Accounting Principles
- Order: Reorder
- Duration: 16:59
- Updated: 01 Sep 2015
- views: 3140
Accounting (Grade 11): GAAP and Accounting Concepts,
GAAP- Generally Accepted Accounting Principles,
Need for GAAP,
IFRS and its Requirement,
Accounting Princip...
Accounting (Grade 11): GAAP and Accounting Concepts,
GAAP- Generally Accepted Accounting Principles,
Need for GAAP,
IFRS and its Requirement,
Accounting Principles- Accounting Assumptions/ Concepts
Accounting Conventions
Accounting Concepts- Going Concern
Accounting Entity
Money Measurement
Accounting Period
Revenue Recognition
Verifiable Objective
Matching Concept
Cost Concept
Accrual Concept
Dual Aspect Concept
Video by Edupedia World (www.edupediaworld.com). All Rights Reserved.
https://wn.com/Gaap_Accounting_Concepts_Accounting_Principles
Accounting (Grade 11): GAAP and Accounting Concepts,
GAAP- Generally Accepted Accounting Principles,
Need for GAAP,
IFRS and its Requirement,
Accounting Principles- Accounting Assumptions/ Concepts
Accounting Conventions
Accounting Concepts- Going Concern
Accounting Entity
Money Measurement
Accounting Period
Revenue Recognition
Verifiable Objective
Matching Concept
Cost Concept
Accrual Concept
Dual Aspect Concept
Video by Edupedia World (www.edupediaworld.com). All Rights Reserved.
- published: 01 Sep 2015
- views: 3140
15 -- The Development of GAAP
- Order: Reorder
- Duration: 5:26
- Updated: 24 Nov 2010
- views: 5641
An overview of the development of generally acceptable accounting principles (GAAP), to accompany http://www.principlesofaccounting.com Chapter 15, Financial Re...
An overview of the development of generally acceptable accounting principles (GAAP), to accompany http://www.principlesofaccounting.com Chapter 15, Financial Reporting Concepts
*Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
https://wn.com/15_The_Development_Of_Gaap
An overview of the development of generally acceptable accounting principles (GAAP), to accompany http://www.principlesofaccounting.com Chapter 15, Financial Reporting Concepts
*Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
- published: 24 Nov 2010
- views: 5641
Introduction to GAAP - General Ledger
- Order: Reorder
- Duration: 14:44
- Updated: 01 Jul 2013
- views: 9841
This tutorial presents a summary of Generally Accepted Accounting principles also known as GAAP or accounting standards. Generally Accepted Accounting Principle...
This tutorial presents a summary of Generally Accepted Accounting principles also known as GAAP or accounting standards. Generally Accepted Accounting Principles define the accounting procedures, and understanding them is essential to producing accurate and meaningful records. In this article we emphasize on accounting principles and concepts so that the learner can understand the "why" of accounting which will help you gain an understanding of the full significance of accounting.
https://wn.com/Introduction_To_Gaap_General_Ledger
This tutorial presents a summary of Generally Accepted Accounting principles also known as GAAP or accounting standards. Generally Accepted Accounting Principles define the accounting procedures, and understanding them is essential to producing accurate and meaningful records. In this article we emphasize on accounting principles and concepts so that the learner can understand the "why" of accounting which will help you gain an understanding of the full significance of accounting.
- published: 01 Jul 2013
- views: 9841
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12:44
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
In this video I have tried to provide a basic idea of what GAAP is and why is it required....
published: 21 Jun 2016
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | Meaning and Need
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- published: 21 Jun 2016
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1:55
What is GAAP?
GAAP stands for Generally Accepted Accounting Principles; these are the standard and commo...
published: 21 Jan 2015
What is GAAP?
What is GAAP?
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- published: 21 Jan 2015
- views: 10623
2:40
Financial Accounting: GAAP Principles and Concepts
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http:...
published: 24 Nov 2014
Financial Accounting: GAAP Principles and Concepts
Financial Accounting: GAAP Principles and Concepts
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- views: 7445
21:58
US GAAP vs. IFRS on the Financial Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statemen...
published: 13 May 2014
US GAAP vs. IFRS on the Financial Statements
US GAAP vs. IFRS on the Financial Statements
- Report rights infringement
- published: 13 May 2014
- views: 39823
2:46
The Importance of GAAP
A look at why financial statement users need Generally Accepted Accounting Principles (GAA...
published: 19 May 2017
The Importance of GAAP
The Importance of GAAP
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- published: 19 May 2017
- views: 497
14:22
Introduction to GAAP and Transaction Analysis
Introduction to GAAP and transaction analysis
published: 14 Oct 2011
Introduction to GAAP and Transaction Analysis
Introduction to GAAP and Transaction Analysis
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- published: 14 Oct 2011
- views: 19148
9:36
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
This video explains the need for accounting principles / GAAP & what is the entity and go...
published: 02 Jul 2015
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
Accounting Principles | Entity | Going Concern Concept | GAAP | LetsTute Accountancy
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- published: 02 Jul 2015
- views: 25708
16:59
GAAP/ Accounting Concepts/ Accounting Principles
Accounting (Grade 11): GAAP and Accounting Concepts,
GAAP- Generally Accepted Accounting P...
published: 01 Sep 2015
GAAP/ Accounting Concepts/ Accounting Principles
GAAP/ Accounting Concepts/ Accounting Principles
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5:26
15 -- The Development of GAAP
An overview of the development of generally acceptable accounting principles (GAAP), to ac...
published: 24 Nov 2010
15 -- The Development of GAAP
15 -- The Development of GAAP
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- published: 24 Nov 2010
- views: 5641
14:44
Introduction to GAAP - General Ledger
This tutorial presents a summary of Generally Accepted Accounting principles also known as...
published: 01 Jul 2013
Introduction to GAAP - General Ledger
Introduction to GAAP - General Ledger
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GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) | ...
What is GAAP?...
Financial Accounting: GAAP Principles and Concepts...
US GAAP vs. IFRS on the Financial Statements...
The Importance of GAAP...
Introduction to GAAP and Transaction Analysis...
Accounting Principles | Entity | Going Concern Con...
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15 -- The Development of GAAP...
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See more photos of gaap
-
Lyrics list:lyrics
-
Gaap, Theaumes
Gaap
Ik moet gaan
Pak m'n tas
Op het eerste uur alweer in de klas
Veel te vroeg
'K heb geen zin
'K wil nog even slapen voor de les begint
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Maandag is genoeg stress stress
Elke maandag is weer stom (stom)
Verrassend dat ik kom (kom)
Op school in de vroege morgen (uhg)
Te vroeg om me te verzorgen
M'n haar ziet er dus niet uit
Om niet te spreken over m'n huid
Ben mn boeken ook weer kwijt
Stap in een drop waardoor ik uitglijd
Ik moet gaan
Pak m'n tas
Op het eerste uur alweer in de klas
Veel te vroeg
'K heb geen zin
'K wil nog even slapen voor de les begint
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Maandag is genoeg stress, stress
'K heb het eerste uur verslapen, als het meezit
Mis de tram, mis de trein, en dat in één rit
Meneer de conducteur vraagt waar m'n OV is
Heb ik geen idee, mn portemonnee, shit!
Met honger zonder geld, chillen in de kantine
Vrienden lenen wel, maar willen eraan verdienen
Doe mn ogen dicht voor een ogenblik
Ik word wakker met stiftstrepen over m'n gezicht
Ik moet gaan
Pak m'n tas
Op het eerste uur alweer in de klas
Veel te vroeg
'K heb geen zin
'K wil nog even slapen voor de les begint
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Ik gaaap
Droom droom heel de les, les
Droom droom heel de les, les
Maandag is genoeg stress, stress
En dan gaat m'n tas ineens kapot
Deze hele dag is flink verrot (en hoe?)
De situatie waarin in beland
Met m'n zaakie tegen de tafelrand
Was die poep onder m'n zool vergeten
Het stinkt echt als de neten
Iedereen zegt: "Oh, oh, oh,"
"oh, oh, oh"
Ik moet gaan
Pak m'n tas
Op het eerste uur alweer in de klas
Veel te vroeg
'K heb geen zin
'K wil nog even slapen voor de les begint
Ik gaaap
Droom droom heel de les, les
