What is Equity In Accounting | Detailed Explanation

In this video, we will be discussing, what is equity all about basically in accounting with a detailed explanation.

If you can recall, we discussed ASSETS and LIABILITIES in the last two videos.

Now we will discuss how the standards have defined equity and what makes it so different from the first two elements we covered.

Timestamps:
00:00 Introduction
00:40 The definition of Equity in the Conceptual Framework
01:59 The definition of Equity in IAS 32
02:55 The formula of Equity
03:35 Practical discussions of Equity
06:15 The sources of Equity
08:10 The components of Equity
15:34 What is so special about Equity?
19:12 The Equity accounts of APPLE Inc.
22:50 Summary

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