Cash and Accrual Basis Problems

This lecture series is sponsored by NICE Online CPA Review. This particular video is useful for College students and CPA Aspirants taking up courses: Intermediate Accounting 3, Conceptual Framework and Accounting Standards, Auditing Problems, and Financial Accounting and Reporting.

[missright]

ang galing galing niyo po talaga mag explain!!! Thank you po!!! thank you talaga!!! di pa enough thank you kasi ang dami ko pong natutunan, 3rd year na ako pero ngayon ko lang nagets ng mas malinaw yung mga terms! God bless po, Sir!

[trishaconcepcion]

Ang linaw po ng explanation nyo napaka helpful po ng video nyo especially ngayon nahihirapan po ako kasi sa online class minsan hindi ako makasunod. Thank you very much po sir!

[catherinesimeon]

Thank you sir! Ang linaw po ng pagkaka-discuss both TOA and prob. Sana po masundan pa 😊

[deliciouso]

Sir, helpful and i really amazed how you explain those tough topics very well. Very concise and understandable. Thanks for sharing and inspiring kaming mga aspirant CPA.😊🙏

[hamzagubat]

Hope may iba pang auditing problems topic na ma upload can't wait
Suggest ko lang po if pwd po mga Comprehensive Problem

Thank You Sir well explained

[dawsondelacruz]

grabe sir ty. natapos ko, zero-based lagi ty

[leeminho]

Thank you so much, sir ! natapos ko na po✨

[johnreymar]

hello sir tanong ko lang po yung sa illustrative no. 1. the answer in the book was 5million net sales while your answer is 4.850 million under cash basis. i wonder why hindi po kayo pareho nang sagot sir..

[jonalynnobleza]

Sir Rain, thanks for the very helpful tutorial video. Pa-update naman po sa FAR tutorial videos if you have the luxury of time esp topics regarding Accounting Changes & Errors (ung problem po na cover lahat ng errors sa accounts). Thanks.

[ijmirasol]

Hello sir! In illustrative prob number 5 po. Sabi niyo po walang sinabing prepaid or accrued sa insurance, though may nakalagay po sa prob na may prepaid po. I tried solving it again and I came up with the same answer as yours but I am just worried baka mali lang po analyzation ko. Please enlighten me po. Thank you! 💓

[jeanilleacuna]

Sa illustrative problem no. 5 po. Pano po kaya yung nakagay po about sa insurance kasi sabi po prepaid po sya. Kaya po ang nilagay ko po sa ibaba is 2.2 million instead po na 1.5 million. (di ko po sinali yung depreciation). Nag arrive din po ako 2, 270, 000. Please enlighten me po hehe. Laking tulong po ng discussion po niyo na ito. Thank you very much!

[dinaraquliyeva]

i think nobody knows the answer of this question :
✅ do we recognize inventory or expense when payment is settled for purchase of goods under cash basis ?