Financial Accounting in simple English, All Accounting topics covered.

Financial Accounting Full course

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Disclaimer: Some contents are used for educational purposes under fair use.
Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for "Fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
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Chapters of this Video:

0:00 - Financial Management Overview
4:18 - Accounting Basics, what is Accounting and why accounting is needed
7:12 - Transaction explained in Accounting
9:42 - What are different Accounting Standards, Periods and Boards and how these relate to each other
16:44 - All about Assets (Accounts Receivables, Current, Long, Tangible and In-tangible)
28:48 - All about Liabilities and different types of Liabilities (Current, Accrued, Contingent) with Examples.
34:10 - Important topic to consider watching - Capital, Equity, Income, Expense and the Process to derive Net Income from Revenue & cost Explained
01:01:05 - Crucial part (Accounting process end to end - right from Journal entries to generating financial statements)
01:35:25 - Financial Statements (Income Statement, Balance Sheet and statement of cash flow)
01:46:57 - What all was covered in the video

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Keywords for the video:

Basics of accounting,
Elements of accounting,
Accounting Process,
Transactions,
Credit entry,
Debit entry,
Double entry system,
Journal entry,
P&L account,
Balance sheet,
Cash flow statement,
Assets,
liabilities,
Capital,
equity,
Cash equivalents,
Accounts receivables,
Inventory,
PP&E,
Raw materials,
Semi-finished goods,
Fully finished goods,
prepaid expenses,
Deferred income taxes,
short term assets,
current assets,
Tangible assets,
Intellectual property,
copy rights,
Expenses (Costs)
Sales revenue
Other income
Depreciation,
Amortization,
Interest paid,
Taxes,
Gross profit,
EBITDA,
EBIT,
Net Income,
PAT,
Profit after tax,
Profit before tax,
Accounting equation,
Assets is equal to liabilities and Equity,