GAAP Explained With Examples | Mapping Income Statement Lines to GAAP financial controller

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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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29 comments

Perfectsound 25/09/2021 - 4:39 PM

Watching all your videos and Ads without skipping. 😂.Fantastic videos 🙏

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WORLD SECRETS 25/09/2021 - 4:39 PM

Thanks for your videos

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WORLD SECRETS 25/09/2021 - 4:39 PM

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..

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Abhinav Pandey 25/09/2021 - 4:39 PM

Thanks a lot, Please make video for balance sheet also using GAAP

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Irene Irene 25/09/2021 - 4:39 PM

You make very informative videos. Please keep going!

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Ansuman Mishra 25/09/2021 - 4:39 PM

Can INDIA CA/CMA students watch this ? Will it be helpful for INDIA CA/CMA?

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Kiransankar Debnath 25/09/2021 - 4:39 PM

Bill you are really awesome. Thank you for sharing the knowledge.

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Vishakha Raut 25/09/2021 - 4:39 PM

Hi, I am from India and I am working as accountant but not exactly end to end doing only doing a 1 part of it so now I am searching for job as a financial controllerand for that I have saw lots of vedios on youtube but not exactly understanding the concept very deeply if you will give traning or online course on it if possible in easier way so it would be great help to me to crack an interviews

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tracy doolittle 25/09/2021 - 4:39 PM

i am so confused – under GAAP rules and accrual accounting – if you sell a contract for a one-year $10,000 subscription and the contract is signed 1/1. you invoice monthly beginning on 1/15. and the subscription is effective 2/1. how…. how… do i record this? what date is the revenue "recognized"?

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amir amir 25/09/2021 - 4:39 PM

Hi Bill, thanks a lot for the nice video. Could you please make videos to analyze financial statements by considering the (IFRS & ASPE) standards plus preparation of year-end audit/annual audit based on a real-life sample, as such by any chance quarterly SOX report?
Thanks in advance.

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Vash The Spiegel 25/09/2021 - 4:39 PM

Crab cakes sound really good right now. I haven't had one in years, come to think of it!

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rahul bathwal 25/09/2021 - 4:39 PM

Good explanation 👍

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Kalpana Ramamoorthy 25/09/2021 - 4:39 PM

it is very useful for my interview panel, now I am started watching all your videos. Thanks a lot,

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Jessie Si 25/09/2021 - 4:39 PM

Please make more videos. I learned a lot. Could you please make some videos related with payroll such vacation accrual? Thanks

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jack john 25/09/2021 - 4:39 PM

Sir, As per my knowledge and google search, you only explained well about GAAP. If you give a example journal entires along GAAP mapping, also helpful for us Thanks

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Bender Bending Rodriguez 25/09/2021 - 4:39 PM

can you explaine the Al Capone case and how they charge with with Tax Evasion?

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1234556 25/09/2021 - 4:39 PM

Quick question so you say there is no math in accounting in Shane’s video?

Sorry I didn’t understand that part very much. Thank you!

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Jaew Sriamorn 25/09/2021 - 4:39 PM

All your videos helped me a lot.
would you please explain how to become a financial controller and what is your responsibility if you don’t mind thanks

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Martha Shikongo 25/09/2021 - 4:39 PM

Hi, your videos are very informative, can you also perhaps consider a refresher on IFRS 9, 15 and 16…

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Ben Dolby 25/09/2021 - 4:39 PM

Hi Bill, great video. Could you make a video on multi-national qualifications? I have my final ACCA Exam in a couple of weeks; Interested to see which American employers would recognise this over CPA. Thanks!

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Rosmary Algarin 25/09/2021 - 4:39 PM

thanks for everything you teach us on this video

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kanaga srinivasan 25/09/2021 - 4:39 PM

Great stuff dear Bill 🙂 Appreciated.. And May i just check one thing here, will go for accrual only if incase we are not billed to customer? Or do we have any other scenario where we accrue revenue except Unbilled to customer?

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umesh utage 25/09/2021 - 4:39 PM

Simple and short Nice video keep it up👍

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Apoorva Sharma 25/09/2021 - 4:39 PM

Thanks for such a nice illustration! Please upload more videos wrt US GAAP.

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Kiran Rayala 25/09/2021 - 4:39 PM

Can u pls make a video on us Sox compliance for internal accountants

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Keshnie Pillay 25/09/2021 - 4:39 PM

Hi Bill , Thank you for a well explained video. Your presentation makes so much sense and its easy to follow. Thanks 😊

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Evans Juma 25/09/2021 - 4:39 PM

You have enhanced my understanding and interpretation of income statement, this is super good!
I would appreciate your deep dive of IFRS 16

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Md Istekhar 25/09/2021 - 4:39 PM

Thank you for keeping the words. Can I expect more videos in this topic?? As it is very vast portion and your explanation save our times with better understanding. Thanks once again.

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Stephen Adeya 25/09/2021 - 4:39 PM

Thanks a lot, Finance Controller, your explanations are highly valued.

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