Chapter 3 The Adjusting Process
Автор: Practical Theory
Загружено: 2024-05-24
Просмотров: 101
Описание: In this video, we discuss the adjusting process in corporate financial accounting, including the differences between cash and accrual basis accounting, and how to handle adjusting entries for revenue, expenses, and deferrals. We also discuss the importance of accurately reporting financial statements and the concept of depreciation. Lastly, we highlight the role of vertical analysis in analyzing financial statements and the significance of preparing an adjusted trial balance before issuing financial statements.
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