Accounting Concepts & Principles | GAAP | CMA | ACCA | CPA | CA | CIA | CFA | Commerce Specialist |

This video from Commerce Specialist explains the Accounting Concepts and Principles. Lights are thrown on GAAP. It explains how to apply various accounting concepts in practical accounting. Complete discussion has been made on the Concepts like: Business Entity, Going Concern, Principle of Double Entry, The Money Measurement, Time Period Principle, Historical Cost Concept, Principle of Materiality and Aggregation, Economic Substance over Legal Form, Principle of Consistency, Principle of Adequate Disclosure, Prudence/Conservatism, Matching Principle, Principle of Objective Evidence and Concept of Realization.

This Video also explains how these accounting concepts are related to various topics in accounting, specially in the preparation of Financial Statements.

This tutorial/lecture video is very relevant and useful for students of B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
Link of my previous videos:

Commerce Specialist, GAAP, Business Entity, Going Concern, Principle of Double Entry, The Money Measurement, Time Period Principle, Historical Cost Concept, Principle of Materiality and Aggregation, Economic Substance over Legal Form, Principle of Consistency, Principle of Adequate Disclosure, Prudence/Conservatism, Matching Principle, Principle of Objective Evidence and Concept of Realization. B. Com, BBA, MBA, CA, ACCA, CPA, CMA, A levels, O Levels, CIA,

#accountingconcepts #acca #cma

[pakistaninternational.]

I acknowledge your knowledge and the expert way of explaining every tipic.

[amrdeepsingh]

Very very understandable sir pls make more videos, I really appreciate your work, you saved my acca journey, i had almost given up but you are my glimmer of hope

[pakistaninternational.]

Is there your any video on Accounting Policy,

[manadosu]

Sir can you explain uncountable accounting receivable please 🙏

[mohanaaruliah]

Thank you very much Sir
I’m glad I found your channel

[abdullahS]

May Allah bless you, best accounting sir ❤

[asifansarii]

Sir please come up with abc costing and process costing

[RamBathala]

feeling proud to be a part of sharing your knowledge sir, hope we continue this journey . thank you

[AbdulrazakSuleiman]

Sir iam really very happy for having your videos as guidance, with your videos we will learn more and also it gives us guidance on how to become successful in our ACCA journey, we really appreciate. Before i give up with ACCA that i cannot succeed but now with the help of your videos iam very confident that i can succeed. We really appreciate once again.
I need videos on all IASs and IFRSs Standards thanks

[laxmandaraithapa]

Outstanding teaching explanation... Hats off !

[mosesnjobo]

Thank you very much sir for well explained lesson.

[idongesitakpan]

Thank you sir..
The video really helped..

[HabubaHams]

it is so clear but for some principals we need more examples.. specialy8matiriality 9 and 10

[shyakaoreste]

I tried to follow all you're video sir, you're brilliant, I like the way you explain with a lot examples

[aselapriyankara]

its is great explanetion sir .sir can you done f&q live session to to ask our accounting related matters.

[drschinnathambiabrahamjohn]

Sir,
I am Dr Chinnathambi Professor i am following your lecture videos and peacefully taking classes as per yours.

[faithmusikisi]

Simple and easy to understand. Thanks Sir

[Sadath]

This video is very very usefull and explained very well and i understand it easily. Thank you sir for your valuable time and effort.

[hb]

Great video sir! Learnt a lot.

Can you please cover the topic of Business Combinations, Group Accounting, Consolidation Principles, and the most challenging questions on Consolidations. And, how to construct the Consolidated Financial Statements.

[akashdeepdhiman]

Today, I got to know all accounting principles in an easy method