Prudence Concept in Accounting | Just in 1.5 min
The prudence concept in accounting refers to the conservative approach adopted by accountants when preparing financial statements. It suggests that uncertain events and potential losses should be recognized immediately, while potential gains should only be recognized when they are realized. This ensures a cautious and realistic representation of a company's financial position.
#accounting #prudence #clearexplanation
Видео Prudence Concept in Accounting | Just in 1.5 min канала Clear Explanation
#accounting #prudence #clearexplanation
Видео Prudence Concept in Accounting | Just in 1.5 min канала Clear Explanation
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
CIMA or ACCA is more SUITABLE for YOU - Just in 57 SecondsDirect Material (DM) Variance | ACCA MA F2 PM F5 | CIMA | CMA | any ACCOUNTING or FINANCE studentWhy Starbucks FAILED in Australia | Quick Case StudySalaries & Wages - Journal EntriesLinear Equations (Programming) | CASIO fx991ES Plus | 3 Variables | JUST IN 2 MINTSKnowledge Test | Management Accounting | Q14Forecasting Using Time Series Analysis | ACCA MA F2 FMA10 Jobs for ACCAAccounting Cycle | Accounting ProcessACCA MA/FMA/F2 - Paper Structure - MANAGEMENT ACCOUNTINGKnowledge Test | Management Accounting | Q10SECTION A | Express RECAP 2024 | Financial Management Functions | JUST IN 18 MINUTESACCA FM | New Syllabus 2021 | Subject OverviewKnowledge Test | Management Accounting | Q4Prime Entry Boks | Source Documents | Types of Transactions | ACCA FA/FFA/F3STRAIGHT LINE DepreciationNormal Distribution - ACCA MA/FMA/F2 or ANY other finance & accounting students | WITH A QUESTIONCredit Note vs Debit NoteProvision for Doubtful Debt | Just in 2 MintsExtended Accounting EquationsNeed SUCCESSFUL CAREER in FINANCE | TIPS