Accounting Conventions | Concepts | LetsTute Accountancy

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  • เผยแพร่เมื่อ 30 มิ.ย. 2015
  • Accounting Conventions | Concepts |
    Hello Friends!
    Check out our new video on Accounting Conventions & Accountancy Concepts by Letstute Accountancy.
    In this video, we will see what is the difference between accounting principles and accounting conventions.
    The 4 conventions Materiality, consistency, conservatism, and full disclosure are explained with examples.
    We have attached a PDF where one can get a quick glance at the whole chapter in a few minutes. You will understand the need and importance of all the accounting principles and conventions. Also, entity concept, going concern concept, money measurement, cost principle, revenue recognition, objective evidence, dual aspect, matching principle, accrual concept, materiality, consistency, conservatism, full disclosure, etc are explained in detail. There are objective-type questions on accounting principles and conventions.
    Do subscribe to our channel and don't forget to press the bell icon to get regular updates.
    To know more about us visit our website: bit.ly/399Pjoo
    TimesTamp
    0:00: Introduction
    3:04: Materiality
    4:42: Consistency
    7:27: Conservatism
    9:11: Full Disclosure
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    Let's tute (Universal Learning Aid) is an E-Learning company based in Mumbai India.
    Our goal is to make some meaningful positive impact in the education segment by providing quality education content to all students who want to explore, visualize and apply their learning to real life. We explain concepts in a very detailed and logical manner. We put focus on 'Self-learning' and not teaching. Students need not mug up anything or try to remember things but they should be able to understand it in a way that the knowledge stays with them for life.
    #AccountingConventions #Concepts #BasicsConventions #GoingConcernConcept #Conceptof Accounting #Accounting

ความคิดเห็น • 82

  • @Letstuteaccountancy
    @Letstuteaccountancy  2 ปีที่แล้ว +1

    Hello Friends,
    Do Checkout our Accountancy Courses. Click on the link mentioned below!
    bit.ly/3DuFJde

  • @Vikermajit
    @Vikermajit 6 ปีที่แล้ว +2

    Thanks for this accounting video series which explains and shows how accounting works in practise, in an easy to understand manner for the beginner or lay-person. God bless.

    • @Letstuteaccountancy
      @Letstuteaccountancy  5 ปีที่แล้ว

      Thank you so much vikermajit for such an appreciating comment.
      Do subscribe for more such videos.

  • @solutionsunni1096
    @solutionsunni1096 3 ปีที่แล้ว +3

    Very simple presentation and very useful for me to understand the conversation, great and thank you

    • @Letstuteaccountancy
      @Letstuteaccountancy  3 ปีที่แล้ว

      Thank you. For all sessions of entire course - you can click on Join button and become our prime member.
      Or you can visit our website www.letstute.com for many accountancy courses from basics to complete book keeping at super affordable price.

  • @lathar9814
    @lathar9814 3 ปีที่แล้ว +1

    Thank you so much it is very much useful

  • @Sugarkanes6
    @Sugarkanes6 3 ปีที่แล้ว +2

    This was great!! Thank you for explaining it so clearly!

    • @Letstuteaccountancy
      @Letstuteaccountancy  3 ปีที่แล้ว

      Thank you so much. For accessing entire course you can become our prime member by clicking the Join button on channel at very minimum charges.

  • @shekinahfoundation
    @shekinahfoundation 7 ปีที่แล้ว +3

    Thank You so much for the videos . This is really very helpful to me in my CPT.

    • @Letstuteaccountancy
      @Letstuteaccountancy  7 ปีที่แล้ว

      Glad to here that you found are videos helpful...!!!
      Keep sharing your feedback with us....
      Thanks for you love and support... :)

  • @sanjanasoni7417
    @sanjanasoni7417 6 ปีที่แล้ว +1

    this video is very helpful for all students of accounts.....& help to understand in easy way........tysm for this video 👍😊

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      Thanks for appreciating our efforts. Your valuable comment keeps us going.
      Subscribe to watch more such videos.
      Keep Watching Keep Learning!!

  • @samuelhart5580
    @samuelhart5580 ปีที่แล้ว

    Nice video

  • @RSHariPrasad
    @RSHariPrasad 8 ปีที่แล้ว +2

    Thanks for explaining detailed ways, its better for understanding

    • @Letstuteaccountancy
      @Letstuteaccountancy  8 ปีที่แล้ว +1

      Hi Rs Hari Prasad,
      Thanks For Appreciating Our Efforts.
      Do keep interacting with us, as we love to hear from you!
      Happy Learning!!
      Do share our videos with your friends and relatives too :)

  • @abtking91
    @abtking91 7 ปีที่แล้ว +2

    I started listening to the music instead of the lecture; it is so good :-D. Nice lecture anyways, highly helpful.

  • @rahultej2844
    @rahultej2844 8 ปีที่แล้ว +2

    Thanks a lot for the lessons. It helped me a lot during my interview.. :)

  • @shekinahfoundation
    @shekinahfoundation 7 ปีที่แล้ว +1

    Thank you Letstute Accountancy.

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      It's our pleasure to help you at the right time!!
      Keep Watching Keep Learning!!

  • @fazeelayunus1877
    @fazeelayunus1877 3 ปีที่แล้ว

    Thank you
    Beautifully explained

    • @Letstuteaccountancy
      @Letstuteaccountancy  3 ปีที่แล้ว

      Glad it was helpful!
      For various accountancy courses, do check out our website: www.letstute.com/bookkeeping-financial-accounting/online-courses

  • @vrinda888
    @vrinda888 7 ปีที่แล้ว +1

    i love alot of your videos , well explained for new students

  • @shiralasantoshj1801
    @shiralasantoshj1801 8 ปีที่แล้ว +1

    beautifully explained........................in short run........thanks.

  • @a_n_s_h_v_e_r_m_a4485
    @a_n_s_h_v_e_r_m_a4485 3 ปีที่แล้ว

    this vedio is very useful and good thankyou mam

    • @Letstuteaccountancy
      @Letstuteaccountancy  3 ปีที่แล้ว +1

      Thank you so much.
      For more such videos in entire course format at very minimum price do check out our website www.letstute.com

  • @phallydong7287
    @phallydong7287 7 ปีที่แล้ว +1

    It is very helpful and great.

    • @Letstuteaccountancy
      @Letstuteaccountancy  7 ปีที่แล้ว

      Thank you Phally Dong :) For a quick revision on all principles and conventions you can check out our ATT
      th-cam.com/video/xmSu6eipaPs/w-d-xo.html

  • @aybin.v.k9562
    @aybin.v.k9562 5 ปีที่แล้ว

    Thanks

  • @samuelsamson8571
    @samuelsamson8571 6 ปีที่แล้ว +1

    Thank you ma'am

  • @lahiruhettiarachchi5775
    @lahiruhettiarachchi5775 3 ปีที่แล้ว

    U are the greatest!🤩

    • @Letstuteaccountancy
      @Letstuteaccountancy  3 ปีที่แล้ว

      Thank you so much for the appreciation...it means a lot!
      For many such videos in proper course form - do check out various courses available at super affordable price: www.letstute.com/bookkeeping-financial-accounting/online-courses

  • @pihughosh3464
    @pihughosh3464 6 ปีที่แล้ว +1

    Amazing video.... My all concept for principle and conventions as been clear... Thanks alot... Can you help me out for managing time for studies.. I couldn't manage time effectively... Do you have video on this...?

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      Thank You for appreciating our efforts.
      Yes we do have video on time management please click on the following link:
      th-cam.com/video/T9y2SQ2QX4o/w-d-xo.html

  • @amitasingh1993
    @amitasingh1993 6 ปีที่แล้ว +1

    Thanks for the lecture

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      We love your appreciation.
      Keep Watching Keep Learning!!

  • @deepikaohri6980
    @deepikaohri6980 8 ปีที่แล้ว +1

    Great great great vedios
    thanks a lot
    keep posting

    • @Letstuteaccountancy
      @Letstuteaccountancy  7 ปีที่แล้ว

      Thanks Deepika! You seem to have liked all our principles and conventions videos :) For revision you can also check our Accounting Test Time sessions
      1. th-cam.com/video/xmSu6eipaPs/w-d-xo.html
      2. th-cam.com/video/EKL_kMVdy_8/w-d-xo.html

    • @deepikaohri6980
      @deepikaohri6980 7 ปีที่แล้ว

      Sure

  • @neha1605
    @neha1605 7 ปีที่แล้ว +1

    Easy and understandable

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      Thanks for appreciating our efforts.
      Subscribe to watch more.
      Keep Watching Keep Learning

  • @amanfitness2168
    @amanfitness2168 8 ปีที่แล้ว +1

    Thanks a lot

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      It's our pleasure to help you.
      Keep Watching Keep Learning!!

  • @sowmiyar7864
    @sowmiyar7864 4 ปีที่แล้ว +1

    Thank u mam now I have CLR picture about it

    • @Letstuteaccountancy
      @Letstuteaccountancy  4 ปีที่แล้ว

      Happy to Know that the videos was helpful to you

    • @sowmiyar7864
      @sowmiyar7864 4 ปีที่แล้ว

      Tq u mam, I follow your all videos

    • @sowmiyar7864
      @sowmiyar7864 4 ปีที่แล้ว

      Thank you for your reply mam😄😊

  • @singlerider5628
    @singlerider5628 8 ปีที่แล้ว +1

    thanks for simple examples

    • @Letstuteaccountancy
      @Letstuteaccountancy  8 ปีที่แล้ว

      Hi Single Rider,
      Thanks for your appriciating comment...
      Do Share | Comment | Like our videos.

    • @singlerider5628
      @singlerider5628 8 ปีที่แล้ว

      +Letstute Accountancy
      thanks for reply.... ok

  • @NEELBIRDS
    @NEELBIRDS 6 ปีที่แล้ว +1

    superb

  • @dramaandbookreview9529
    @dramaandbookreview9529 2 ปีที่แล้ว

    thank youuuuuuuuuuuuuuuuuuuuuu

  • @NaveenKumar-lo6nz
    @NaveenKumar-lo6nz 6 ปีที่แล้ว

    Awesome mam

  • @sonalidas2382
    @sonalidas2382 4 ปีที่แล้ว

    Good

  • @ManpreetKaur-mx6if
    @ManpreetKaur-mx6if 5 ปีที่แล้ว

    Osm

  • @sheetalshah525
    @sheetalshah525 8 ปีที่แล้ว

    great video....

  • @aparnamishra7373
    @aparnamishra7373 6 ปีที่แล้ว +1

    Very nice

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      Thank you Aparna. If You'd like to explore our full content, it is available for purchase on amazon.in ( goo.gl/fjeX3w )

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      Thank you for your valuable response.
      Kindly go through all our accounting principles videos (Link of Principles)
      and It's Accounting test time(Principles & conventions ATT Link) videos for better understanding.

  • @awesomefactz4783
    @awesomefactz4783 5 ปีที่แล้ว +1

    Thanks a lot ma'am ❤❤❤

    • @Letstuteaccountancy
      @Letstuteaccountancy  5 ปีที่แล้ว

      Your most welcome! Stay updated with us for more videos by hitting the bell icon

  • @Letstuteaccountancy
    @Letstuteaccountancy  4 ปีที่แล้ว

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  • @rishithakur8521
    @rishithakur8521 7 ปีที่แล้ว

    hello... you elaborate clearly .. i understand . but can you provide me notes for this lecture. please .it'll help me a lot.

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว

      Thanks for appreciating our efforts.
      We do have assessment tools for each chapter please do visit this link to get those: goo.gl/wUx64o

    • @Letstuteaccountancy
      @Letstuteaccountancy  5 ปีที่แล้ว

      Hello Rishi, Recently We have launched chart book which is the quick revision tool for 11th & 12th standard students..
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  • @Letstuteaccountancy
    @Letstuteaccountancy  4 ปีที่แล้ว

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    2. Correct Answers with reason

  • @Letstuteaccountancy
    @Letstuteaccountancy  4 ปีที่แล้ว

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  • @sunilrathee1610
    @sunilrathee1610 6 ปีที่แล้ว

    plzzzz tell in hindii

  • @BrigitaGhuman
    @BrigitaGhuman 6 ปีที่แล้ว

    Annoying that the video started in English and once she started explaining the concepts then suddenly she started talking in Hindi????!

    • @Letstuteaccountancy
      @Letstuteaccountancy  6 ปีที่แล้ว +1

      Oh the video is in English . Could you please explain what happened so we can try to fix it?

    • @BrigitaGhuman
      @BrigitaGhuman 6 ปีที่แล้ว +1

      Letstute Accountancy , so sorry seems like my comment has gone to the wrong video , no idea how i managed to do this!!! Huge sorry !:) your video is great