The statement of financial position shows the Assets, Liabilities, and Equity. We show you how to do it and an example from a public company.

The Income Statement shows the Revenues, Expenses, and Profit/Income. We show you how to do it and an example from a public company.

The Statement of Comprehensive Income shows the Comprehensive Revenues and Expenses. We show you how to do it and an example from a public company.

In this video, you will learn the Statement of Cash Flow (Indirect Method). In addition, we show the Operating, Investing, and Finance Cash Flows.

In this video, you will learn the Statement of Cash Flow (Direct Method). In addition, we show the Operating, Investing, and Finance Cash Flows.

A comprehensive video about the relationship between Cash Flow, Financial Position, and Income Statement.

This video is the first of three videos about Revenue Recognition (five steps to Revenue Recognition).

This video is the second of three videos about Revenue Recognition (Single performance obligation),

This video is the last of three videos about Revenue Recognition (Multiple performance obligation),

Gift cards are all over the place. However, do you know how to record them in an accounting system?

Sales and Trade discounts are normal in business. Do you know the difference and how to record them?

This video shows how to record a sales return on sales and cost of goods sold journal entries. Check it out.

This video shows you how to record bad debts expenses, allowance for uncollectable accounts, and the allowed methods by the IFRS.

Do you know the difference between Accounts and Notes Receivable? Do you know how to record the Notes Receivable and Interest? Watch the video and get the answers.

There are two inventory systems, perpetual and periodic. This video is about the periodic inventory system, the one that is designed for small businesses.

This video is about the second inventory system, called the perpetual inventory system. The focus is the three methods, FIFO, LIFO, and weight average.

This video is for manufacturing companies. There are two accumulation cost systems, called job order and process costing. The first video is about how to journalize the job order costing system.

This video is for manufacturing companies. There are two accumulation cost systems, called job order and process costing. The first video is about how to journalize the process costing system.

Do you know how to record purchase discounts? Is it an expense? Is it revenue? Is it a contra account? Is it inventory? Watch the video and get your answer.

This video explains how to write down inventory when it is damaged or obsolete.

This video explain the retail inventory method: Conventional, Average, and LIFO

This video explains how to record the initial cost of PPE and Intangibles Assets.

How do you record a purchase of PPE if there is no cash involved? Check this video.

Your business got a donation, an non-cash asset. How do you record it?

Do you know what Goodwill is and how to calculate it? This video explains these questions and much more.

Is it possible to revaluate a plant asset according to the IFRS? And how do you do that?

Do you know the difference between Depreciation, Amortization, and Depletion? Do you know what methods are allowed by the IFRS? Do you know how to calculate it? Then, check this video and find the answers.

This video explains how to record the cash and non-cash disposition of property, plant, and equipment.

This video explains Debt Investments according to the IFRS 9.

This video explains how to Bonds Investments and Liabilities, amortization schedule, and journal entries. The video also explains the difference between discount and premium bonds.

Do you know the difference between Accounts and Notes Payable? Do you know how to record them? Check this out.

Do you know the difference between Contingency and Provision? And do you know how to record them? Then, watch the video and get the answers.

When should we record the Warranties, when it is paid or in advance? And how much? How do we calculate it? Watch the video and get your answers.

Do you know the difference between Value Added Tax and Sales Tax? This video explains the difference and how to calculate and record the Value Added Tax.

This video is about payroll. How to calculate and record it.

Accounting is based on accrual instead of cash basis. That is OK. However, what if a company collects the cash before providing goods or services? This video answers this question and some others.

What is the difference between premium and discount bonds? When a company issues a bond, how is it recorded? And how to create an amortization schedule? What is the most accurate way to record the interest expense? Check on this video.

What is the difference between a bond and convertible bonds? Is it liability or equity? How to record them? Check on this video.

Do you know the difference between Operating and Finance Lease? IFRS doesn't allow Operating Lease (Lessee) anymore, so how Finance Lease works? How is it recorded? This comprehensive video answers these questions.

What are the components of Equity? Why are they not a liability? How to record them? Check this video and get the answers.

What is the difference between par value and share premium? How do we calculate and record them? Watch this video and get your answers.

This video explains how to record Treasury Shares. Enjoy it.

Is cash dividends an expense or equity? This video answers that question and explains how to calculate and record cash dividends.

What is the difference between cash dividends, share dividends, and share split? How do you record it? Watch this video and get the answers.

This video explains how to calculate the Earnings Per Share (EPS) before and after minority interest.