Revenue Recognition Principle

Accounting A Screencast

[mousavi]

That was the most useful 2:46 of my life

[Walaaw]

I just started my MBA program and I have no accounting background. I agree with Michael D. You are amazing at explaining concepts. My teacher has been going over it for two weeks, and I finally understood it after I watched your video. Thank you

[ddigwell]

A true sign of genius is the ability to explain complicated matters in the simplest terms (for morons like myself) ... You Theresa are a genius!  Thank you!

[augustayarteh]

According to what I undestand about when should revenue be recorded. Revenue should recorded When the business has earned the Revenue. This is a key concept in the accrual basis of accounting, because revenue can be recorded Without actually being received Revenue. Are realized or relizeable. When a company exchange goods and services for cash or other assets. Further more. a company rcorgnize revenue on its books, when a company receive revenues from its operations, it must be recorded in the generalLedger and then repoeted on the income statment every reporting period.according to generally accepted accounting priciples. (GPP), there are two cateria the company must meet before it can My own understing on when revenue should be recordeded. Powerful video to see.

[vanshitatwinklestar]

Love ur presentation style👏👏👏👌👌👌👌👌✌✌✌✌👍👍👍👍💚💚💙💙

[augustayarteh]

What is driving me crazy is when you are working on different accounts how you should organized it systematically. Forexample if you are working on. Rox coporation incomestatement. (Multi_ step) for Year Ended december 31, 2016. I have to organize the account. Propely inorder form.my sales (net) cost of goods solds follow, my grossprofit. I have to know what goes under the operating Expense which is sellibg expenses some of this account is really making me feel daisy to work on them professionally ooh my God. Thank you for youtube to give some of us insight and great sound explanations to know how to identified your work on the account they should belong to. Although there are advance account i should list down to make that incomestatment for Rox accounts.

[banzaraliyeva]

only 2 minutes you learned the deep meaning of revenue. I always confuse this revenue with accounts receivable do you have video recognition of accounts receivable?

[cassondrad]

KIS.   Keeping it Simple.   Very well done and easy to understand

[hibasuhere]

A simplified easy to remember way of explaining. Thanks !

[needtorename]

You explained the principle quite smoothly, how did you do that?

[BabyGirl-qzkj]

Hi. How are you? Your explanation is incredible.

[SantoshAM]

what if in payment done 50% at first and 50% at the end ? which principle will apply ?

[theupcomingstar]

it is very useful... i do understand the concept properly...finally....keep making it...cuz am doing CIMA at present

[bellw.]

thank for video.. it was really a helpful video

[hemchandra]

beautifully explained.... thank you for explaining

[ankushsethiya]

nice presentation, helpful thanks.. :)

[xenonarine]

thank you for this video!!! ive been taking accountancy in 2 years already, and i just understood it when you explained it, thank u so much, i really want to understand everything in the simpliest ways, please make more videos!

[Kyle-fkuu]

You're Awesome..I love YOU..Thank You.

[LinuxEver]

That's just great, thanks a lot.

[thewindrises]

very good!!! I'm a CPA, I took everything I learned for granted but it's really good to go back and refresh the fundamentals.