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.

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 YouTube about Accounting Principles 🎉

[kiwiloveme]

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 :)

[shastangy]

Thank you for explaining this simply and not using complicated examples

[nthabiseng.mabeemabee]

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

[teikout]

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

[Gift_uozondo]

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

[DreamFirms]

Had a great time watching your content!

[aaroacademy]

Thank you for this Presentation. Much appreciated.

[ROSEMARLE]

And your going to be my online accounting lecturer 🙏😌

[mbanweinoela]

Wow so is so simple to understand, thanks

[kirabogift]

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

[okyjosi]

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

[obeyaboniface]

Thank you so much, I have understood to the fullest

[usmanal-mudznihl.]

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

[musinguzienock]

Well explained sir but more principles

[tramy]

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?

[devicemushumani]

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

[dynicelily]

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

[hgscpld]

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

[abubakaribrahim]

Thanks what's the name of this lecturer so that we can search for YouTube