DiscoverAccounting 101 with Jimmy Stewart17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting
17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting

17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting

Update: 2019-12-232
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I've read a lot of boring stuff so that you don't have to! Today we will summarize some of the useful information in the FASB Concepts Statements and other literature. 


This information will be useful as you move along to more advanced levels of accounting.

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17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting

17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting

2019-12-2314:30

16 - Closing the Books at the End of the Period (The Closing Process)

16 - Closing the Books at the End of the Period (The Closing Process)

2019-02-0211:43

15 - Adjusting Journal Entries (The Adjusting Process)

15 - Adjusting Journal Entries (The Adjusting Process)

2019-01-2609:40

14 - An Overview of the Accounting Cycle

14 - An Overview of the Accounting Cycle

2019-01-1906:55

13 - How to Dominate Indirect Cash Flow Statements (Fake Cash Method)

13 - How to Dominate Indirect Cash Flow Statements (Fake Cash Method)

2019-01-1211:01

12 - FIFO & LIFO (Cost Layering Methods)

12 - FIFO & LIFO (Cost Layering Methods)

2018-12-0726:08

11 - Perpetual & Periodic Inventory Methods & Cost of Goods Sold

11 - Perpetual & Periodic Inventory Methods & Cost of Goods Sold

2018-11-2517:13

10 - Depreciation, Amortization, & Fixed Assets

10 - Depreciation, Amortization, & Fixed Assets

2018-11-1028:00

9 - Unearned Revenue (Deferred Revenue)

9 - Unearned Revenue (Deferred Revenue)

2018-11-0407:59

8 - Prepaid Expenses (Prepaid Assets)

8 - Prepaid Expenses (Prepaid Assets)

2018-10-2807:17

7 - Accounts Payable - Purchases, Payments, Discounts, & Agings

7 - Accounts Payable - Purchases, Payments, Discounts, & Agings

2018-10-2213:48

6 - Accounts Receivable - Sales, Collections, Discounts, Agings, & Write-Offs

6 - Accounts Receivable - Sales, Collections, Discounts, Agings, & Write-Offs

2018-10-2113:45

5 - Contra Accounts - Understanding Them & Examples

5 - Contra Accounts - Understanding Them & Examples

2018-10-1316:21

4 - An Introduction to Financial Statements

4 - An Introduction to Financial Statements

2018-10-0623:01

3 - General Ledgers & Trial Balances

3 - General Ledgers & Trial Balances

2018-09-2912:06

2 - A|LE-R|E & Journal Entries

2 - A|LE-R|E & Journal Entries

2018-09-1017:01

1 - Assets, Liabilities, Equity, Revenue, & Expenses (ALE-RE)

1 - Assets, Liabilities, Equity, Revenue, & Expenses (ALE-RE)

2018-09-1006:56

0 - Introduction

0 - Introduction

2018-09-1002:46

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17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting

17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting

James Stewart