Financial Accounting Principles and Procedures

These accounting texts introduce fundamental financial concepts and practices, starting with the accounting equation and financial statements. They explain generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS), highlighting their importance in financial reporting. The materials further detail the accounting cycle, including transaction analysis, journalizing, posting, adjusting entries, and the preparation of financial statements. Additionally, they cover specific accounting topics such as inventory valuation, internal controls, receivables, plant assets, liabilities, and stockholders' equity, providing a comprehensive overview of financial accounting principles.Full podcast episode available here: YouTube: https://www.youtube.com/@BusyProfessionall // Spotify: https://open.spotify.com/show/43S8mFi7frIuMtqd0VST7O // Apple Podcasts: https://podcasts.apple.com/us/podcast/busy-accountant-the-best-books-reviews/id1807058693 — Follow us for more insights & updates: Instagram: https://www.instagram.com/busy_proffesional/ — TikTok: https://www.tiktok.com/@busyprofessional

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