Video Link; https://youtu.be/KnIn2zk1i8Y

“Master the fundamentals of financial accounting and reporting in this detailed lecture! Here’s what you’ll learn:

1️⃣ Financial Reporting: Understand the purpose and importance of financial statements, including the income statement, balance sheet, statement of changes in owner’s equity, and cash flow statement.

2️⃣ Accounting Standards: Introduction to IASB, FASB, and SECP, and their role in setting global and local accounting standards.

3️⃣ Core Accounting Principles: Learn the time period principle, consistency principle, realization principle, and matching principle.

4️⃣ Adjusting Entries: Discover why adjusting entries are made and the types of accounts they affect.

5️⃣ Accounting Methods: Explore the difference between cash basis and accrual basis accounting.

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