Accounting Principles | Explained with Examples

In this accounting lesson, we explain different accounting principles that the entity needs to apply when preparing financial information. We also give examples of applying each accounting principle when preparing financial information.
Users of Financial Information | Explained with Examples: • Users of Financial Inf...
Timestamps
1) Principle of consistency: 01:22
2) Accrual principle: 03:01
3) Matching principle: 05:10
4) Prudence principle: 06:32
5) Realisation principle: 07:12
6) Materiality principle: 08:26
7) Business entity principle: 10:33
8) Going concern principle: 10:57
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[@TheRealisticOG]

The best video so far on TH-cam about Accounting Principles 🎉

[@shastangy]

Thank you for explaining this simply and not using complicated examples

[@kiwiloveme5523]

Awesome explanation! I currently work in consumer lending and I'm finishing my associates degree. In 4 months I'll be taking this class. I'm trying to get ahead of the game! I feel much more comfortable after watching this video. Thank you sir :)

[@nthabiseng.mabee8mabee918]

This is perfect, simplified with examples, loud and clear.
I have been yearning for South Africans to do this. Look forward for more.

[@ROSEMARLE]

And your going to be my online accounting lecturer 🙏😌

[@Gift_uozondo]

Good explanations 👌🏿 load and clear . Was very helpful indeed

[@teikout]

Really good explanations! Helped me with my assignment a lot! Many thanks :)

[@erandiwasana7292]

Clearly explained.Thank you.

[@DreamFirms]

Had a great time watching your content!

[@anganilegondwe6457]

The best explanation ever...

[@aaroacademy]

Thank you for this Presentation. Much appreciated.

[@yamiletheisele500]

Excellent! Thank you!

[@mbanweinoela8158]

Wow so is so simple to understand ,thanks

[@kirabogift8900]

Thank you so much. I have understood.👍👍👍👍

[@subhibhashanee8884]

Well-explained !

[@user-ok7yj7os6i]

You too you are the one best teacher for me thanks alot for your explanation

[@mulbahpnurse3468]

Thanks so much for the presentation

[@camillakanani898]

Thank you so much

[@peterenger6016]

❤ I love your teaching

[@Elanwallace1983]

very helpful. thank you.

[@conqueringruler4283]

Thank you!

[@zuzukadafi7372]

Thx for this explanation ,

[@obeyaboniface1810]

Thank you so much, I have understood to the fullest

[@wimbainashejambwaregota9626]

really gud thank you

[@lovedika1]

Thanks Sir

[@johnowino1423]

Thanks!!!

[@najjingosumayiah1889]

Thanks

[@Aymanbaki000]

thank you

[@emmanuelmwansa3890]

Thank you

[@tramy8564]

Thanks to your video. I have a question that: If the company's revenue in financial statement is higher than actual amount, what account principle that the company has violated?

[@fredyrosales295]

Thanks.

[@musinguzienock8714]

Well explained sir but more principles

[@robertmusilli7658]

great

[@usmanal-mudznihl.7846]

can you upload a example each accounting concepts with debit and credit entry plsssss

[@dynicelily5120]

Am going in the exam room right now and i feel like i knpw everything

[@KhalilSonic]

Did you pass?

[@MBilal-uf8tm]

Same

[@ariszeenabasir10b83]

Did you pass?

[@brilliantjuvenile2641]

After a year i m

[@andrewphole772]

Informative

[@devicemushumani5715]

This is understandable if you can please help me through accounts for non profit making organisations

[@user-hg1sc4pl3d]

Hello can u please make a video on non current assets depreciation and on assets disposal

[@ramsim5081]

❤️!

[@abubakaribrahim5047]

Thanks what's the name of this lecturer so that we can search for TH-cam

[@user-jx7sy7vg7y]

Kep up it treinerers

[@blackbutterfly6004]

Blurred?

[@His_royaltie]

Thanks

[@wilsonsikazwe7887]

Thank you

[@ivyayi8734]

Thanks