Basic Terminology of US GAAP | Briefly Explained | Akpis Professionals

In this video, you will learn about the basic terminology of US GAAP. It is also useful for CMA and CPA students👩🏻‍🎓. Mr. Shammi Saluja briefly explains the topic of the financial statement which includes the Balance Sheet, the Statement of Owner’s Equity, the Income Statement, and the Cash Flow Statement💵. GAAP or Generally Accepted Accounting Principles is essentially the set of ten accounting standards set by the United States Financial Accounting Standards Board. It is a collection of generally adhered to accounting rules and standards for financial reporting. GAAP basically works on the clarity, consistency, and comparability of the communication of financial information.
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[@arjunkannan5621]

Speaking about USGAAP in hindi. Super

[@MyDanikaka]

Nice and Clearly explained all concepts, Well Done ! Keep Uploading such good videos #tcw786

[@kyrapanchal5156]

Sir,aap bahot ache se explain karte hain,kya aap 1040,1120,1120s,1065 ke overview video for filling banayege

[@rajansaik1388]

Thank you sir

[@AUMPATEL-wk1rh]

Us financial year starts from oct 1 to September 30

[@sunilpatharkar1646]

Sir ye us cpa ke syllabus main bhi hain kya

[@AKPISProfessionals]

Yes Starting chapter

[@mohammadkamran9727]

Can anyone reply Please...If Company has Loss Then what will be treatment with Common Stock Holders.

[@AKPISProfessionals]

It will reduce Retained earnings common share will not get affected

[@arghakumarbose2010]

Us cma Mai konsa part Mai hai?

[@AKPISProfessionals]

Part 1

[@user-us2hy4yq9o]

cfa ???

[@aashishmishra3679]

12th class ki account samjha rahe ho

[@vijendraverma8965]

Thank you sir