This video is about GAAP – Generally Accepted Accounting Principles, which is the financial accounting standards. It mainly introduces 11 principles, namely, principle of regularity, consistency, sincerity, performance of methods, non-compensation, prudence, continuity, periodicity, full disclosure, and utmost good faith.
This video enhances my learning on the GAAP, because it explains every details of each principles, which is not mentioned on the textbook. And also the pictures on the video display good examples of the principles.
Thank you for sharing this video on Generally Accepted Accounting Principles. I have heard it of this concept, but this video serves as a great introduction to the 11 principles and provides a little bit of information about them.
I never like accounting but this video makes it sound easier than I should be. Thanks for sharing!
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