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International Accounting Standards Board (IASB)
 
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This video discusses the structure and role of the International Accounting Standards Board (IASB). The IASB, which is based in London, was formed in 2001 to create a single set of global accounting standards. The IASB periodically issues International Financial Reporting Standards which have been adopted as Generally Accepted Accounting Principles (GAAP) by more than one hundred countries. IASB board members are selected by IFRS Foundation Trustees. The IASB is supported by the IFRS Advisory Council and the IFRS Interpretations Committee. The advisory council provides guidance to the IASB and the Interpretations Committee aims to reduce divergent accounting practices by clarifying the appropriate accounting treatment with the existing IFRS. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 16571 Edspira
What is International financial reporting standards IFRS and difference with accounting standard
 
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In this video we will discuss What is International financial reporting standards IFRS and their difference with Indian accounting standard in Hindi  this video will be beneficial for the students of class 11th CA Foundation CPT CS Foundation IPCC and for beginners I hope you will like this video if you have any doubt please ask me in the comment box  ___________________________________________  Link for the PDF and notes : https://digeshshala.blogspot.com/2018/09/international-financial-reporting.html ___________________________________________   Playlist of all classes chapterwise in hindi   Class 12th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdATlcwk5xxuL9MTNAL9rYYx    Class 11th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ   Class 11th Business studies lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdDSZWPBpHY78okveJI4Bhrx   GST all chapters playlist in Hindi : https://m.youtube.com/playlist?list=PLUsUBXYVOqdBIX5qqLF53derbjKsMGHW5 All Basic terms of accounting  https://m.youtube.com/playlist?list=PLUsUBXYVOqdAC3VKvwXWJr6X3oMZtbm-c   class 10thmaths from ncert book/cbse in hindi chapterwise with solutions  https://m.youtube.com/playlist?list=PLUsUBXYVOqdDs10r2RYPgYEfMYHZBCj-e     Learn all the journal entries in 5 minutes: https://youtu.be/bRxRM6a12sA   What is Asset? Expense? Capital? Liability? Income?????: https://youtu.be/S1iBPIR6umY ___________________________________________    You can contact me on:   Facebook page     :  https://www.facebook.com/Digeshshala.digeshsoni/?view_public_for=367201753757403   WhatsApp no. 9039927843   Whatsapp group : https://chat.whatsapp.com/0gSogGmkWk2AbJpP0bnpGn   Telegram group : https://t.me/joinchat/Jwr_IA7tbNG44-mdg7pvfw   Facebook profile : https://m.facebook.com/Digesh.soni.31   instagram : https://www.instagram.com/digesh.soni/   twitter : https://twitter.com/soni_digesh
Views: 21518 DIGESHSHALA
IFRS - IAS 1 - Presentation of Financial Statements
 
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An overview of the requirements of IAS 1 - Presentation of Financial Statements along with applicability for Indian entities under Ind AS. Courtesy: The Institute of Computer Accountants (www.icajobguarantee.com)
Views: 166752 Vikash Goel
International Accounting Overview
 
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General overview of factors that affect international accounting, how companies experiece international trade, and the global economy. (International Accounting Doupnik 3e Chapter 1)
Views: 13316 Ryan Teeter
Accounting standards
 
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Accounting standards are rules and guidelines set up by governing bodies,  Like IASB (international Accounting Standards Board) and ASB (Accounting Standards Board) Which was setup by ICAI ICAI set up ASB in April 1977 The Ind AS are named and numbered in the same way as the International Financial Reporting Standards (IFRS) Ind As No. Name of Indian Accounting Standard Ind AS 101 First-time adoption of Ind AS Ind AS 102 Share Based payments Ind AS 103 Business Combination Ind AS 104 Insurance Contracts Ind AS 105 Non-Current Assets Held for Sale and Discontinued Operations Ind AS 106 Exploration for and Evaluation of Mineral Resources Ind AS 107 Financial Instruments: Disclosures Ind AS 108 Operating Segments Ind AS 109 Financial Instruments Ind AS 110 Consolidated Financial Statements Ind AS 111 Joint Arrangements Ind AS 112 Disclosure of Interests in Other Entities Ind AS 113 Fair Value Measurement Ind AS 114 Regulatory Deferral Accounts Ind AS 115 Revenue from Contracts with Customers Ind AS 1 Presentation of Financial Statements Ind AS 2 Inventories Accounting Ind AS 7 & in only AS 3 Statement of Cash Flows Ind AS 8 Accounting Policies, Changes in Accounting Estimates and Errors Ind AS 10 Events after Reporting Period Ind AS 11 Construction Contracts Ind AS 12 Income Taxes Ind AS 16 Property, Plant and Equipment Ind AS 17 Leases Ind AS 18 Revenue Ind AS 19 Employee Benefits Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance Ind AS 21 The Effects of Changes in Foreign Exchange Rates Ind AS 23 Borrowing Costs Ind AS 24 Related Party Disclosures Ind AS 27 Separate Financial Statements Ind AS 28 Investments in Associates and Joint Ventures Ind AS 29 Financial Reporting in Hyper inflationary Economies Ind AS 32 Financial Instruments: Presentation Ind AS 33 Earnings per Share Ind AS 34 Interim Financial Reporting Ind AS 36 Impairment of Assets Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets Ind AS 38 Intangible Assets Ind AS 40 Investment Property Ind AS 41 Agriculture लेखांकन मानदंड लिखित बयान हैं जिसमें लेखांकन संस्थानों द्वारा जारी नियमों और दिशानिर्देश शामिल हैं, जो समान और निरंतर वित्तीय वक्तव्य तैयार करने के लिए और लेखांकन जानकारी के विभिन्न उपयोगकर्ताओं को प्रभावित करने वाले अन्य प्रकटीकरणों के लिए भी हैं। #accountingstandards ThNk you for watching
Views: 17576 Super commerce
Introduction to Ind AS & IFRS by CA Raj K Agrawal
 
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To Buy Complete Classes visit www.studyathome.org or Call: 8737012345. StudyAtHome.org is a Online Platform, that provides CA/ CS/ CMA classes from India's Best Professors at your Home. Watch Video on How to Invest in Stock Market - https://youtu.be/IXRej6AH0wg
Views: 66283 Study At Home
International Accounting
 
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GAAP, FASB, APB, AICPA, accounting standards, IFRS, IASB, US GAAP. IAS2, Lifo, IAS39, SPEs, IAS1.54, IAS1.62, IAS1.64, intangibles, IAS1.81, IAS1.82, IAS1.99, IAS7.16,1.106, 1.107,1.112, 1.114, PCAOB, jose cintron, mba4help.com, advance business consulting, accounting4taxes, taxes, taxes hollywood
Views: 1878 Jose Cintron
How To Memorize All Accounting Standards in Just 10 Minutes
 
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Download The PDF of this video http://www.caclubindia.com/share_files/how-to-memorize-all-accounting-standards-in-a-fun-way-71829.asp “Welcome To Sumit Solution” In This Video, I am trying to build a story based memory technique to remember all the names of Accounting Standards in a fun way. I am pretty sure that after watching this video 3-4 times you will never forget any name of the ASs. The major part of the background narration in this video is in Hindi, BUT still is very useful for those who don’t understand Hindi. They can easily understand by watching the visuals. Note: Those who don’t understand Hindi may MUTE the audio and watch Video only. I Hope you guys will be surely benefited from this video. Please Like, Share and Comment on this video
Views: 197141 Sumit Swarnakar
Mod-04 Lec-07 Accounting Concepts, Standards, IFRS
 
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Managerial Accounting by Dr. Varadraj Bapat,Department of Management,IIT Bombay.For more details on NPTEL visit http://nptel.ac.in
Views: 4057 nptelhrd
IAS 8 Accounting Policies, Changes in Accounting Estimates, Errors
 
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http://www.ifrsbox.com IAS 8 Accounting policies, changes in accounting estimates and errors shows us how to: -select and apply accounting policies -account for changes in accounting policies (retrospectively) -account for changes in accounting estimates (prospectively) -account for correction of errors (retrospectively) For more information, please visit http://www.ifrsbox.com
Views: 77364 Silvia M. (of IFRSbox)
IAS 1 Presentation of Financial Statements - summary
 
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http://www.ifrsbox.com Summary of IAS 1 shortly explains IFRS financial statements, their purpose, general features and looks to the statement of financial position, statement of comprehensive income and statement of changes in equity. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Views: 171783 Silvia M. (of IFRSbox)
Overview of International Accounting & Taxation
 
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Overview of International Accounting & Taxation
Views: 1801 Tech Asia
International Accounting Standards Board
 
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The International Accounting Standards Board is the independent, accounting standard-setting body of the IFRS Foundation. The IASB was founded on April 1, 2001, as the successor to the International Accounting Standards Committee. It is responsible for developing International Financial Reporting Standards, and promoting the use and application of these standards. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 8793 Audiopedia
Worldwide Accounting Diversity
 
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Accounting standards are different based on countries legal framework and culture. Here are a few of those differences. (International Accounting Doupnik 3e Chapter 2)
Views: 7518 Ryan Teeter
international accounting and financial reporting issues
 
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Subscribe today and give the gift of knowledge to yourself or a friend international accounting and financial reporting issues International Accounting and Financial Reporting Issues. Issues in Accounting for International Operations. Accounting standards differ around world Exchange rates between countries change frequently. Differing Accounting Standards. Countries like US have private standard setting bodies Slideshow 3002151 by zed show1 : International accounting and financial reporting issues show2 : Issues in accounting for international operations show3 : Differing accounting standards show4 : Financial reporting issues international transactions show5 : Foreign currency exchange transactions show6 : Foreign currency exchange transactions1 show7 : Translation of foreign currency statements show8 : Translation of foreign currency statements1 show9 : Translation of foreign currency statements2 show10 : Translation of foreign currency statements3 show11 : Hedging strategies show12 : Sources of generally accepted accounting principles show13 : Basic gaap show14 : Basic gaap1 show15 : Statements of financial accounting concept show16 : Objectives of financial reporting show17 : Qualitative characteristics show18 : Qualitative characteristics1 show19 : Impact of inflation on accounting information
Views: 120 slideshow pro
International Accounting Standard 1 | IAS 1 | IASB | IFRS | ACCA by CA Rammohan Bhave
 
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In this video you will able to learn about International Accounting Standard 1: Presentation of Financial Statements or IAS 1 is an international financial reporting standard adopted by the International Accounting Standards Board (IASB). Lecture by CA Rammohan Bhave To buy this course follow the link below:- https://www.takshilalearning.com/course/acca-dip-ifrs-online-classes/ For further assistance please call us at: 8800-999-280/011-45639131 Follow us :- Facebook:-https://www.facebook.com/takshilalearn/ Twitter:-https://twitter.com/TakshilaLearn Linkedin:-https://www.linkedin.com/company/takshila-learning-pvt.-ltd.?trk=biz-companies-cym
Views: 12485 takshila learn
Basic Accounting : How to Conform to International Accounting Standards
 
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The International Accounting Standards board issues standards that are a single set of pronouncements used in more than 100 countries by publicly-listed companies. Discover why the U.S. is waiting for a few milestones before looking to converge with international standards with help from a certified public accountant in this free video on international accounting standards. Expert: Miranda Chook Bio: Miranda Chook is a CPA with expertise in international operations. Filmmaker: Bing Hugh
Views: 6670 eHow
International Accounting Standards Lectures
 
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An Easy Overview Of International Accounting Standards
Views: 1955 Christopher Hunt
US GAAP vs. IFRS on the Financial Statements
 
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You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time. Table of Contents: 1:46 Why US GAAP vs. IFRS Matters 5:28 Income Statement Terminology Differences 7:34 Balance Sheet Differences 14:09 How to Adjust the Financial Statements for an IFRS Company 20:02 Recap and Summary Income Statement: The Income Statement is very similar regardless of the accounting system. Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it. Balance Sheet: There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end). The Balance Sheet itself is usually called the "Statement of Financial Position." Also, items within the Equity section often have different names: Common Stock is called "Share Capital" or "Issued Capital." Additional Paid-In Capital is often called the "Share Premium." Retained Earnings and Treasury Stock tend to have similar names. IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses. For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories. But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently. Cash Flow Statement There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method. The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section. The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending. When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement. So we recommend ADJUSTING the financial statements as follows: First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income. Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.). And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those. Further Resources http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx Examples of Financial Statements for US-Based Companies: http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf Examples of Financial Statements for International Companies: http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf
Introduction to GAAP (Generally Accepted Accounting Principles)
 
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This video discusses Generally Accepted Accounting Principles (GAAP). GAAP refers to the common set of rules companies must follow when preparing financial reports for external parties (investors and creditors). Not all countries use the same GAAP. A country may adopt International Financial Reporting Standards or it may create its own local GAAP. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 79012 Edspira
Basic Accounting: IFRS Financial Reporting Principles
 
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Watch 1000s of finance videos for free and advance your career. https://bluebookacademy.com
Views: 3192 BlueBookAcademy.com
Generally Accepted Accounting Principles (United States)
 
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Generally Accepted Accounting Principles, USA GAAP or GAAP stands for "generally accepted accounting principles". Although the U.S. Securities and Exchange Commission (SEC) has stated that it intends to move from US GAAP to the International Financial Reporting Standards (IFRS), they differ considerably from GAAP and progress has been slow and uncertain. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 5014 Audiopedia
The Conceptual Framework 2010 - LINK TO THE 2018 FRAMEWORK IN A DESCRIPTION
 
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https://www.ifrsbox.com This is the summary of Conceptual Framework as issued in 2010. For the newly updated Framework in 2018, please see here: https://www.youtube.com/watch?v=v56_VJkjAX4
Views: 163523 Silvia M. (of IFRSbox)
Accounting concepts principle convension assumptions accounting standards ifrs class 11th in-hindi
 
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In this video we will discuss what is accounting concept accounting assumption accounting principle accounting standards in Hindi this video will be beneficial for the students of class 11th CA Foundation CPT CS Foundation IPCC and for beginners I hope you will like this video if you have any doubt please ask me in the comment box #accounting #principle #standards #assumption #concept ___________________________________________ Link for the PDF and notes : https://digeshshala.blogspot.com/2018/09/accounting-concept-principles-and.html?m=1 ___________________________________________ Playlist of all classes chapterwise in hindi Class 12th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdATlcwk5xxuL9MTNAL9rYYx Class 11th accounts lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdCyPUEqE9TN3SzIkiO_gJDJ Class 11th Business studies lectures in hindi chapterwise https://m.youtube.com/playlist?list=PLUsUBXYVOqdDSZWPBpHY78okveJI4Bhrx GST all chapters playlist in Hindi : https://m.youtube.com/playlist?list=PLUsUBXYVOqdBIX5qqLF53derbjKsMGHW5 All Basic terms of accounting  https://m.youtube.com/playlist?list=PLUsUBXYVOqdAC3VKvwXWJr6X3oMZtbm-c class 10thmaths from ncert book/cbse in hindi chapterwise with solutions https://m.youtube.com/playlist?list=PLUsUBXYVOqdDs10r2RYPgYEfMYHZBCj-e    Learn all the generalentries in 5 minutes: https://youtu.be/bRxRM6a12sA What is Asset? Expense? Capital? Liability? Income?????:https://youtu.be/S1iBPIR6umY ___________________________________________ You can contact me on: Facebook page : https://www.facebook.com/Digeshshala.... WhatsApp no. 9039927843 Whatsapp group : https://chat.whatsapp.com/0gSogGmkWk2... Telegram group : https://t.me/joinchat/Jwr_IA7tbNG44-m... Facebook profile : https://m.facebook.com/Digesh.soni.31 instagram : https://www.instagram.com/digesh.soni/ twitter : https://twitter.com/soni_digesh
Views: 2642 DIGESHSHALA
Accounting Standards Full | Accounting and Financial Management (ACCT101)
 
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http://goo.gl/D75S9t for more free video tutorials covering Accounting and Financial Management. This video gives an introduction on accounting standards full understanding the background of accounting principle & outlining the qualities and characteristics of financial information. GAAP, Generally Accepted Accounting Principles can be discerned by 2 origins- authoritative standard and conceptual framework. International Accounting Standards Board, IASB provides the foundational set of international accounting standards and Australian Accounting Standards Board, AASB uses these and adds on to them as necessary principle precise to Australia. IASB & AASB together have been considered as the base of authoritative standard. On the contrary, conceptual frameworks are developed by accounting professional to guide accountants when they prepare & present financial statement. Moving on, the video demonstrates the principles and SACS (Statement of Accounting Concepts) of conceptual frameworks in greater details. Next, it talks about the applications and difficulties of GAAP subsequently show how financial positions and performances as well as cash flows can allow users to make informed economic decision. Finally, the video talks about the quantitative characteristics of accounting standards that include relevance, reliability and comparability.
Views: 10413 Spoon Feed Me
What is GAAP?
 
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GAAP stands for Generally Accepted Accounting Principles; these are the standard and commonly accepted ways of recording and reporting accounting. GAAP is the acronym for generally accepted accounting principles. That means the basic accounting principles and guidelines such as the cost principle, matching principle, full disclosure, etc., the detailed standards and other rules issued by the Financial Accounting Standards Board and its predecessor the Accounting Principles Board, and generally accepted industry practices. GAAP must be adhered to when a company distributes its financial statements outside of the company. If a corporation's stock is publicly traded, the financial statements must also adhere to rules established by the overseeing governmental agency. This includes having its financial statements audited by an independent accounting firm. Accountants use generally accepted accounting principles to guide them in recording and reporting financial information. GAAP comprises a broad set of principles that have been developed by the accounting profession. In 2008, the Securities and Exchange Commission issued a preliminary "roadmap" that may lead the United States to abandon Generally Accepted Accounting Principles in the and to join more than 100 countries around the world instead in using the London-based International Financial Reporting Standard. The SEC expressed their aim to fully adopt International Financial Reporting Standards in the U.S. by 2014. With the convergence of the U.S. GAAP and the international IFRS accounting systems, as the highest authority over International Financial Reporting Standards, the International Accounting Standards Board is becoming more important in the United States. By Barry Norman, Investors Trading Academy
#3 ACCOUNTING PRINCIPLES/CONCEPTS, AS, IFRS I CA CMA RAVI KUMAR I IMP FOR EVERY COMMERCE STUDENTS
 
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ACCOUNTING PRINCIPLES/CONCEPTS, AS, IFRS I CA RAVI KUMAR I IMPORTANT FOR EVERY COMMERCE STUDENTS I FREE EDUCATION FOR ALL I KEEP SHARING. GO TO PLAYLIST AND FIND YOUR SUBJECT AND START LEARNING.
describe the International Accounting Standards Board’s conceptual framework...
 
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describe the International Accounting Standards Board’s conceptual framework, including the objective and qualitative characteristics of financial statements, required reporting elements, and constraints and assumptions in preparing financial statements;
Views: 49 Ted Stephenson
IAS 2 Inventories
 
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A summary of IAS 2 covering the treatment of inventories
Conceptual Framework of Accounting or IFRS Framework--OBJECTIVE QUALITATIVE CHARACTERISTICS ELEMENT
 
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This video includes: What is Conceptual Framework? Objective of financial reporting Qualitative characteristics of useful financial information 1. Fundamental qualities A. Relevance (1) predictive value (2) confirmatory value B. Faithful representation (1) completeness (2) neutrality (3) free from error 2. Enhancing qualities: (1) comparability (2) verifiability (3) timeliness (4) understandability Definition, recognition and measurement of the elements from which financial The elements directly related to financial position (balance sheet) are: Assets Liabilities Equity The elements directly related to performance (income statement) are: Income Expenses Recognition, Measurement, and Disclosure Concepts ASSUMPTIONS 1. Economic Entity 2. Going Concern 3. Monetary Unit 4. Periodicity 5. Accrual PRINCIPLES 1. Measurement 2. Revenue Recognition 3. Expense Recognition 4. Full Disclosure CONSTRAINTS 1. Cost 2. Materiality
Views: 15725 Md. Azim
IAS 16 Property, Plant and Equipment - summary
 
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http://www.ifrsbox.com This is a short executive summary of IAS 16 Property, Plant and Equipment.. Get "Top 7 IFRS Mistakes" report and e-mail updates at http://www.ifrsbox.com
Views: 190389 Silvia M. (of IFRSbox)
GAAP Generally Accepted Accounting Principles | Financial Accounting | CPA Exam FAR
 
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Website: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
IAS 16 - IFRS Property, Plant & Equipment (Fixed Assets) 1 of 2
 
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An overview of the requirements of IAS16 (including reference to Ind AS) on Property Plant and Equipment. Part 1 of 2 Courtesy: The Institute of Computer Accountants (www.icajobguarantee.com)
Views: 115513 Vikash Goel
#8, Theory base of accounting - concept, conventions, assumptions(Part 1)
 
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basic accounting concepts and conventions Going Concern assumption consistency assumption accrual assumption class 11 chapter 3 accountancy basic Accounting Principles accounts Adda video 8 #commerce #class11 #accounts
Views: 25055 Accounts Adda
Learn Accounting Podcast #19 International Accounting Standards IAS Examples | Prof. Accounting
 
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Learn Accounting Podcast #19 International Accounting Standards IAS Examples | Prof. Accounting *** Rate and Comment *** After watching please RATE this video and make any appropriate comment about it. If you have any questions relating to it please comment on the video podcast to share with all. | Prof. Accounting | Apologies for the brief blips in sound quality. (New microphone on order!)
Views: 7321 profaccounting
IFRS Standards - why do they matter?
 
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A short educational video to introduce you to the work of the IFRS Foundation and the role IFRS® Standards, used by companies in over 100 countries around the world when reporting on their finances, play in the global economy. More information about the IFRS Foundation, its independent standard-setting body, the International Accounting Standards Board®, and IFRS Standards can be found on http://www.ifrs.org/
Views: 27514 IFRS Foundation
International Accounting Standard 1
 
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I am Mir Zahid Ali , studying Karachi Institute of Economics and technology(Pakistan), i am presenting here IAS 1 for Beginners who want to learn about Accounting Standards.
Views: 160 NANCY CLUB
Class 11th Accountancy Chapter: Theory Base of Accounting
 
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Explanation of three fundamental accounting assumptions and all the accounting principles along with examples. Please Like | Share | Comment Follow us on : https://www.facebook.com/caparagguptasir/ Visit : https://www.caparaggupta.com/
Views: 100892 CA. Parag Gupta
Financial Statement Fundamentals (5 of 39): IASB, FASB and Accounting Standards
 
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Financial Statement Fundamentals (5 of 39): IASB, FASB and Accounting Standards Support the AccoFina Patreon if you're a fan, or believer, in my work: https://patreon.com/accofina Time Markers: 1) GAAP (Generally Accepted Accounting Principles) 0:20 2) Standards (Accounting 'Rules') 1:14 3) The 2 Major Accounting Standards Bodies 2:11 4) Are Accounting Standards Mandatory? 3:56 5) Conclusion 5:49 Please Help Translate this Video's Captions, Title or Description; many thanks: http://www.youtube.com/timedtext_video?v=XlDbpfE0K2Y&ref=share FINANCIAL STATEMENT FUNDAMENTALS: How to Understand the Story of Any Business at Any Time Lecture: The IASB & FASB and Accounting Standards GAAP (Generally Accepted Accounting Principles): * Earlier we spoke about GAAP (how they related to financial accounting & management accounting) However... GAAP is a ‘generic’ term or could even be a more ‘USA-centric’ term What I was trying to express using the term ‘GAAP’ ...I was taking the concise, easy option to express: Some sort of formal, codified set of financial accounting guidelines ...or ‘rules’ THE IASB & FASB “Standards”: Financial Accounting ‘Rules’ * Standards give financial accountants guidance: on how to account for, present & disclose the majority of transactions. * Standards “Limit accounting policy choice” THE IASB & FASB are The 2 Main Standard Setters * The IASB sets the IFRS * or The International Accounting Standards Board sets The International Financial Reporting Standards * The FASB sets the US GAAP * or The Financial Accounting Standards Board sets US Generally Accepted Accounting Principles There are some differences between the two sets of standard systems (IFRS & US GAAP). But there is a harmonisation process underway. Accouting Standards: Following Standards is Sometimes Mandatory ...and Sometimes Not Following IFRS & US GAAP is often legal or regulatory enforceable e.g. for organisations with many stakeholders or with otherwise economic importance Following Standards are Sometimes Mandatory ...and Sometimes Not e.g. often not mandatory for many smaller organisation) ...but wouldn’t it always be better to record and report transactions universally, consistently and transparently whenever possible? THE IASB & FASB So now you know who’s at the top of the pyramid ...and now you have the Power! The IASB & FASB restricts financial accountants on how to behave and “limits accounting policy choice” ...Next time someone in accounting ‘tells’ you this is “how it’s done” Ask (or even check yourself!) if they are following or using IFRS or US GAAP. So now you know who’s at the top of the pyramid ...and now you have the Power! IASB: www.ifrs.org FASB: www.fasb.org This video was brought to you by AccoFina... Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Most Popular YouTube Video: https://goo.gl/Jbv685 Latest YouTube Upload: https://goo.gl/wDM83Y http://www.accofina.com http://www.amazon.com/author/axeltracy http://www.twitter.com/accofina http://plus.google.com/+accofina https://www.instagram.com/axel_accofina/ https://www.facebook.com/AccoFina.Page #Accounting #FinancialEducation #FinancialStatementFundamentals
Views: 89 AccoFina
International accounting standards convergence pro
 
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International accounting standards convergence process: IAS/IFRS - US GAAPs, evento del 09 Dicembre 2015 organizzato da Bernardini Postacchini & Associati presso la Borsa Italiana di Milano.
Views: 126 Pierino Postacchini
Financial Accounting Standards Board (FASB)
 
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This video describes the structure and role of the Financial Accounting Standards Board (FASB). The FASB is a nonprofit organization that creates accounting standards for companies in the United States. The FASB has seven board members that are appointed by the Financial Accounting Foundation, which oversees the FASB's activities. FASB board members serve a 5-year term and work for the FASB full-time (they must sever ties with their former employer). The FASB board members periodically issue a new accounting standard, which is referred to as an Accounting Standard Update (ASU) because it amends the Accounting Standard Codification (ASC). Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 12091 Edspira
Accounting Standards, GAAP, IFRS
 
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• Principles of Accounting • GAAP • Accounting Standards, IAS, IFRS • Convergence of GAAPs
Views: 125 varadraj bapat
EuroMaTech International Financial Reporting Standards (IFRS)
 
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The diminishing differences between generally accepted accounting principles (GAAP), principally established by the Financial Accounting Standards Board (FASB), and international financial reporting standards (IFRS), as established by the International Accounting Standards Board (IASB”, is narrowing at a faster pace. IFRS are now the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use. EuroMaTech is a trustful and reliable training company with multiple locations.Check out our video #Euromatech #euromatechtraining #training #trainingcourse #trainingseminar #trainingprogramme #trainingprogram #managementandleadership #projectmanagement #oilandgas #financeandaccounting #administrationandsecretarial #consulting #management #leadership #maintenacemanagement #humanresources #hr #dubai #uk #london #amsterdam #geneva #newyork #oman #dubaitraining #managementtraining #corporatetraining #worldclasstraining #audittraining #finanace #contractsmanagement #healthandsafetytraining #instrumentationtraining #hrtraining #leadershiptraining
Views: 6897 EuroMaTech
International accounting standards convergence process: IAS/IFRS - US GAAPs
 
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International accounting standards convergence process: IAS/IFRS - US GAAPs, evento del 09 Dicembre 2015 organizzato dallo studio Bernardini Postacchini & Associati-stpm a rl presso la Borsa Italiana di Milano
Views: 185 Pierino Postacchini
Indian Accounting Standards (IND AS) online coaching class for CA Final
 
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Indian Accounting Standards (IND AS) online coaching classes by CA Raj K Agrawal for CA Final......... Please share this Video with your friends on Social Networking Sites..... like Facebook, Twitter, Linkedin, Google plus, etc........ #learning #education #FreeEducation #CaClasses
Views: 78422 Suruchi's EraofPriers
Indian accounting standards (basics)
 
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Here its evolution in India ,,the need ,n its comparative analysis with IFRS has been explained
Views: 3135 Alisha Academy
Accounting Standards Introduction
 
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Call us at 9827015585 This is the most important video related to the Accounting Standard, In this lecture we can understand the concept of How to write solution for Accounting Standard questions. it has been given by CA Linesh Patil at Patil Professional Academy Indore. It's most helpful for understanding the concept of various Accounting Standards. http://bit.ly/2Dye9R1 CA Linesh Patil & CA Vijay Patil, are founders of Patil Professional Academy (PPA). Both are Qualified CA and a thorough educationist. PPA has commitment for the coaching aspirant Chartered Accountants (CA) for last 5 years. http://bit.ly/2kUn6w1 FB page: http://bit.ly/2Av2VvP
Procedure for issuing AS by ICAI |guide of issuing AS | Accounting Standards for CA/CS/CWA
 
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Do you know what are the Accounting Standards? These are the guidelines for the preparation & presentation of Financial Statements in a fair manner. Every organization should follow the relevant Accounting standard. This video describes the meaning of accounting standard in a detailed manner and explains its overall Issue procedure.
Views: 5698 Commerce Guru
MHM Biz Tip: International Financial Reporting Standards (IFRS) Update
 
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Marco Pulido of Mayer Hoffman McCann's IFRS Solutions Group discusses current events related to IFRS including the current state of acceptance of IFRS in the United States. He also provides an update on convergence projects between US GAAP and IFRS.