Adjusting Entries: What They Are and Why We Need Them? - Episode 6
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- Опубліковано 20 лип 2020
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The CPA Board Exam is probably one of the toughest licensure exam in the Philippines.
That's why we aim to help students have a good fundamental accounting skillset to help them in their CPA journey.
In this series of lectures by The CPA Recipe, we discuss the basics of accounting in a fun, easy to understand, and engaging way.
In this first of a two-episode of the mini-series focusing on period-end adjustments, we discuss:
1. What is the going concern assumption?
2. What is the periodicity concept?
3. What is the accounting period?
4. What is relevant and timely information?
5. What is the accrual basis of accounting?
6. Why the cash basis of accounting is not recommended by the standards?
7. What is an accounting standard?
8. What is an accrued income?
9. What is an accrued expense?
10. What is a deferred income?
11. What is a deferred expense?
12. What is the revenue recognition principle?
13. What is the expense revenue recognition principle?
14. What is the systematic and rational allocation of expenses?
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Links to Other Episodes:
Episode 1: What is Accounting?
• What is Accounting? Fr...
Episode 2: Mastering the Rules of Debits and Credits
• Debits & Credits and P...
Episode 3: Sole Proprietorship, Partnership, Corporation & Limited Liability Company (LLC)
• Sole Proprietorship, P...
Episode 4: Interactive Journal Entry Exercises - Answer Along!
• Journal Entry Preparat...
Episode 5: Posting and Making Trial Balance Tutorial Video
• How to Post to General...
Feel free to comment on what you think about the lesson. Enjoy!
Don't forget to Subscribe!
#Accruals #Deferrals #Accoutancy
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Can’t thank this channel enough for providing simple explanations to all difficult concepts in Adjusting Entries. This help me a lot in understanding the said topic and making it my strength as I enter college, if possible in this pandemic. But thank you so much po! God bless you more. Lastly, more accounting topics to discuss. I’m one of your biggest supporters on your channel!❤️
Hi Jayjay. Salamat! I hope you would share this to your friends. Thank you!
The CPA Recipe Yes po! I’m going to tell my friends regarding this channel..🤗
Good to know. Stay tuned for more. God Bless!
thank you sir.
You're welcome and thanks for your support! ❤️
Thank you sir it's a big help po lalo na sa mga 1st year college na nakalimutan na ang lesson noong gr11&12 😍😂
Thank you so much! I hope you would share this to your classmates.
Yes po I would😊
Thank you po sir! Godbless po, more videos to come po, antay na antay na po ako para sa video nyo.
Salamat sa suporta. Heto na niluluto ko na.
Thankyouu po! Kahit napakadugo ng topic hahaha ang dami ko po bago natutunan kahit napag aralan na namin dati to😊 more videos to come po Godbless!! Padayon!
Salamat Elijah. Please tell your friends and classmates about this channel. 😊
Naoverwhelm ako sa dami ng points na need tandaan. Kakaloka. Thanks sir!
Relax ka lang kaya mo yan dude pare tsong 👍🏼
@@TheCPARecipe Any tips po for those reviewing during these times for the CPALE May 2021?
Thank you so much proffff! dami ko pong natututunan! grabe po, natututo kami ng di masyadong stress! God Bless po!
Hi Charmie. Thanks for the kind feedback. I hope you would help me share this para mas madaming mareach na students like yoy. God Bless!
Thank u po kuya sir!! Big help po talaga kayu at mga discussions nyu..❤❤
Salamat Jessel! Stay tuned for more. Meanwhile, episodes 7.1 and 7.2 are already available.
Thank you po sir!! Your videos really helped me a lot.😊😊 Aside from learning I also had fun. Sana marami pa kayong accounting video tutorials na magawa🤗
Hi Shane! Episode 7.1 is available now.
And yes, it's really called 7.1. HAHAHA
👏👏
Thank youuuuuu!❤
Thank you rin Mich sa pagtangkilik. Please help us share this video to more students by sharing this either in your story or timeline. It would be really big help. ❤️❤️🙏
autodownload😍👌
Don't forget to like, share to your friends and subscribe ❤️.
basta upload ni lods, download agad
Salamat sa pagtangkilik sa videos! Please share this to your story or timeline para mas maraming mareach na students. ❤️
Pahout out po Sir Ron!!
Sure! Noted on this.
Natuwa ako dun sa Sheldon Wolowitz
I am. And soon, I'm going to make something legen...wait for it... ;)
@@TheCPARecipe great!! another reference from himym. di pa nalalabas yung recent tutorial but im already hooked~ cant wait for the upload. thank you po sir ron! 😩💕
Could be today, or tomorrow. 😉 I'm glad you enjoy my contents.
Sir, paano po yung compound journal entries? Paano po mag balance? Pwede patulong. Salamat po.
Thank u po kuya sir!! Big help po talaga kayu at mga discussions nyu..❤❤
Salamat Jessel! Stay tuned for more. Meanwhile, episodes 7.1 and 7.2 are already available.
Sir, paano po yung compound journal entries? Paano po mag balance? Pwede patulong. Salamat po.