I am an accountant with more than 15 years of experience, the way you confirm the balance of each account in the balance is accuratly what in any audit by internal or external requieres by issue an fiscal dictamen.
I just discovered your videos and you are a literal godsend. Would you be able to do a video on fund accounting by any chance? Like what it is, how to do it. Thanks so much.
So great and meaningful. Coul you please send to me that excel file to research more about GAAP US? I really interested in GAAP US and want to know more this standard. One thing wanna ask. If I want to research full GAAP US, I should research which link to get full this standard. Kindly help and many thanks to you as well as your channel. It’s very helpful.
Could you do a video explaining how they did accounting before computers? Like using the Books of account such as General Ledge, Payroll Ledge, Columnar book, and so on?
I use to watch your videos even way before going back to college and now that I have to complete an accounting course you surely will be my best friend. The business world needs more people like you that shares their knowledge to make a difference in the world.
i have a question about what you said in 6:10 about receivable... in the Column "accrual" says "recording revenue when cash is received". So, where do we must register the credit of the journal entry? We know debit part will be registered as Accounts Receivable but the other part in my opinion should be register as an accrual income. Under IFRS we must recognise an income provision up to we proof that the assets were transfered to the purchasing part, and only there we change the register up to revenue. Can you explain that part detaily? By the way.. thanks a lot for the video. You earn a new follower. 👍
. If someone is asking me about my experience and knowledge of generally accepted accounting principles and practices (GAAP) for use in the development of budgets and spending plans- what should be my reply?
thank you so much, its really an informative video. the way you summarized the topic is very easy to understand. request you to please make videos on balance sheet reconciliation in real scenarios, means how we reconcile the balance sheet . methods and the approach in real working environment. will wait for your response. really will be great if you can provide knowledge on this topic. thanks
I m from India in class 12th right now And understood everything you explained ( please continue making these videos) Please make video on similarities and differences between ACCA and CPA.
Hi Bill, Excellent presentation. Please let me know if you provide a video on "how to identify accounting and audit risk using GAAP, GAAS,IFRS, & PCAOB. This will be highly appreciated.
Fantastic Content Bill - Hey if accounting for private co is being prepared using GAAP; how much flexibility is there when it comes to disclosure support?
I would like to learn best practices on company financial statements, when looking out for stock picking for value investments. Can you recommend one of your videos? Thanks!
Thanks again, great to see the principles mapped to the B/S numbers like this. Also, just an observation for you, but at that 2:11 mark of video...when we talk about 19,008 and are talking "in millions"..that is actually 19 BILLION. In either case, old Crabcake's is doing great this year, must be lots of LockDown Take out for Crabcakes.....whether they sold either 19 MILLION or 19 BILLION! Thanks for all your vids...gonna have to visit your Courses next.
Nice Informative Viedo !!! Please Do make a viedo on IFRS VS US GAAP highlighting's Key important points for Interview purpose like valuations,principle,recongnition,accrual etc. #tcw786 #BT
Hi Bill, What should I do if the auditor put to much in accrued liabilities for 2021? I can’t reverse the JE or it will significantly reduce one of our expense accounts. Another accountant told me that I can never touch owners equity?!? Wouldn’t I put the over accrued amount to the equity account called prior period adjustments?
I think both options are valid (equity or credit to current year expenses) so just confirm with your auditors which one they find suitable for current year audit
Great video.. Absolute joy.. One quick observation... All figures are in 000's and not in millions...Else you are reading them wrong... It would be read as billions..
