Revenue Recognition Principle in TWO MINUTES!

Are you looking for the quickest way to understand the Revenue Recognition Principle? Well look no further! In this video you'll find an easy way to understand Revenue Recognition that easy to follow and keep up with.

Budding Accountants often ask "What is Revenue Recognition?", and deservedly so because is one of the main building blocks of Accrual Accounting. This video will teach you the best way to learn Revenue Recognition without wasting any time at all.

Two minutes is all it takes to find out how to understand Revenue Recognition. This episode of Accounting Stuff is Accounting Basics Lesson 9 of our Accounting for Beginners Playlist and will teach you an easy way to learn Revenue Recognition that will help you understand Revenue Recognition Principle Quickly.

⏱️TIMESTAMPS
00:00 - Intro
00:22 - What is Revenue in Accounting?
00:38 - What is the Revenue Recognition Principle?
00:52 - How the Revenue Recognition Principle Works

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#accounting #accountingbasics #accountingstuff

[AccountingStuff]

I want to say a big THANK YOU to all of you who have supported the channel by watching & subscribing! We've just hit 500 subs in less than 3 months which is fantastic news. Next stop... 1000 🙂 Cheers for all the lovely comments and suggestions. They always motivate me to improve and go the extra mile on each video. As always, let me know if there are any topics you would like covered and I'll see getting them done!

[ramanabalachandhran]

I can't but talk about how well-edited your videos are, James. Huge respect for the attention to details. Thank you so much.

[gglyf]

Thank you so much... you've basically taught me this concept in 2 min when my prof couldn't explain it in 40.. where's my money at

[aishawani]

A 2 minute video that probably took 2 hours to make (aesthetics and production on point) and saved me 2 hours of time and surfing on different sites.

Thank you so much!

🙌🙏

[mohamedayyub]

Things you will learn in this video:

-Revenue recognition concept
-accrued revenue
-deferred revenue
-what is meant to be Creative
-what is meant to be a cool guy
-what is meant to be punctual

[iglo]

I am so thankful that I started my first year after you made these awesome videos for accountings. I literally read the unit name from my given textbook online and just search those words on youtube and every single time you have a video for it. Thank you so much for making these contents for us. I'm sure there are many more students saved by your videos.

[shamilashafiq]

im not joking when i say BEST explanation of revenue recognition principle

[rimamarji]

I really dont how how to thank you.. i was trying to know what is the realization revenue for like an hour and i have an accounting exam after 2 days and this amazing simple video was enough to make know what a realization revenue is....your awesome!!!!

[scott.j]

thank you so much, sir. I'm taking online intro to acct classes... I've learned more from you than the "class."
online class is pretty much read and complete online assignments...

[happy_person]

best teacher i have seen ever, wow 😧😧😧

[ayushwaghmare]

it was taking almost an hour to understand this concept and you did it in 2:47

[lisapownall]

Another great video! None of my accounting books explained this so well...and using the little car and the cake are awesome for a visual learner like myself. Thanks James!

[milbxbycol]

I am an accountant student and I have come across teachers who are not aligned with themselves and their true values. This makes the learning process unmotivated and boring. However, James is an individual who can see the true value not just in his Accounting career but in every single area of his life. This makes a person whole and grounded, able to inspire people with their words, presence and actions. We are lucky James is an accountant and can illuminate us in our preparation with his personality, knowledge and sharp communication skills.

[oduogyoduogy]

Never found a good teacher like you. Understanding Even better than in class

[juanfilbert]

This is the best 2 mins I've ever use

[musicloftbyV]

Honestly, thank you so so much for creating these! 4 years in and the video is still relevant and the quality is as if someone created it yesterday!!!

[iamfabgirl]

This 2 minutes were definitely worth it.

[jojythomas]

great interpretation!! simple, clear and precise. Hats off to you!

[sabhachaudhary]

I'm currently studying economics with accounting and ur vids are helping so much! Ty!!

[trishlaphul]

when it was time to know about accounting, I found your channel and I must say ...your explanations are very clear ! so a big thank you !