Generally Accepted Accounting Principles (GAAP) : A Crash Course on Financial Accounting Standards

#GenerallyAcceptedAccountingPrinciples

Welcome to Concierge CPA a channel with free accounting lessons covering accounting topics from Basic Accounting Principles and Concepts to Advanced!

In this video, we're going to provide a quick crash course on financial accounting standards, known as GAAP.

GAAP is short for Generally Accepted Accounting Principles and refers to the set of accounting principles that are generally accepted by companies in the US and many other countries.

If you're interested in learning more about financial accounting, then this video is for you! We'll go over key concepts like revenue, expenses, and balance sheet items, and provide a brief overview of GAAP. This is a great video for anyone who wants to get a basic understanding of financial accounting standards!


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