GAAP Explained With Examples | Mapping Income Statement Lines to GAAP

This is my version of an engaging method to teach you US GAAP or Generally Accepted Accounting Pricinples, simply by discussing how they apply to each line item on the income statement.

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@worldsecrets8323 : Yesterday I watched your video and I can answer most of the interview questions related to accounts successfully in my today's interview... Keep post more video my dear friend..
@jenniferlim2250 : Hi Bill. Very lucid & concise! You got to the core of accounting theory textbooks in one short & sweet presentation. Will you be able to show us a video showing 1) Reconciliation of presentation of IS (income statement) as well as Balance Sheet, based on latest IFRS, vs US GAAP &/or SOX 2) Treatment for material differences; and 3) Impact of the treatment or any reclassifications (including tax impact, if any). Thank you so much!
@joysreesharma8892 : Thank you Bill for explaining the overall GAAP procedures. I really appreciate it!
@hackit9578 : Hi Bill , Thank you for a well explained video. Your presentation makes so much sense and its easy to follow. Thanks
@stephenadeya8662 : Thanks a lot, Finance Controller, your explanations are highly valued.

What is GAAP in Accounting? | Generally Accepted Accounting Principles.

In this video, you are going to learn " What is GAAP in Accounting?".
The full form of GAAP is - Generally Accepted Accounting Principles.
Topics I have covered in this video are -
1. What is the GAAP in accounting? / GAAP meaning.
2. Four major rules and standards in GAAP, the importance of GAAP.
3. 10 Principles of GAAP.
4. Benefits of GAAP.
@gowthamkumar8909 : Required pdf format information pls

Bookkeepers: G.A.A.P. explained simply (generally accepted accounting principles)

Generally accepted accounting principles (GAAP) seem confusing, but in this video I break them down and let you know how they relate to your bookkeeping business. A lot of these GAAP you likely already know and understand (like, the fact that business finances should be reported separately from personal). If you've ever been confused about the complexities of these concepts, hopefully this video should help you bookkeepers!

Working with difficult clients:
https://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principles_(United_States)

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@FinePointsBookkeeping : Did you ever feel confused when you heard about GAAP?
@youcefyahiaoui1465 : I love your effectiveness and humility in explaining these principles. I must have viewed a dozen of videos and I had to turn off some halfway. It was until yours that you pitched them with simplcity, clarity and they actually made sense to me. Thank you again. I look forward to watching your accrued method video. You rock!
@elhamnazari5653 : Thank you for the video!❤️ I have a question.
Is there any certification based on that I can show that I have a good knowledge of GAAP?
@kathleenbieke1543 : Saying that we know more than we know..true! I have an interview for our accounting department and this is helping my past knowledge gel in my mind.
Thank you for this video!
@ranaraeuchle6485 : Matching principle works for artists and teachers - purchasing tools, materials, etc. that will be used for an upcoming or future project, but are not necessarily an expense until that project commences. Or at least that's the way I have understood it.

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