Scary Accounting Terms, Simplified

😱 Scary Accounting Terms... Simplified! | Impairment Loss, Contra-Accounts, Subsidiaries Explained

Accounting shouldn’t feel like a horror show. In this episode of Accounting Actuals, we decode 3 intimidating-sounding accounting terms — and explain what they really mean in plain English.

🎯 Whether you're a small business owner, startup founder, or new to accounting — this video will help you feel more confident when reading financial statements, managing your books, or chatting with your CPA.

📌 What We Cover
🔹 Impairment Loss – What happens when your asset loses value — permanently
🔹 Contra-Accounts – Not scary at all… just honest financial reporting
🔹 Subsidiary – Company within a company, or just a smart way to organize your chart of accounts

🧠 Learn how to spot red flags, track depreciation, consolidate properly, and speak accounting with confidence.

👇 Timestamps
00:00 – Intro
00:34 – Impairment Loss
01:04 – Impairment Loss Example
01:47 – Contra Accounts
02:25 - Contra Accounts Example 1
03:00 - Contra Accounts Example 2
03:38 - Subsidiary Meaning #1 Legal Entity
04:16 - Subsidiary Meaning #1 Legal Entity Bonus Concept
04:39 - Subsidiary Meaning #2 Sub-Account in Chart of Accounts

For more information:
🖥️ www.accountingactuals.com
📞 (619)900-9527
📧 help@accountingactuals.com

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Видео Scary Accounting Terms, Simplified канала Accounting Actuals