5 Accounting Adjustments From Easy to Insane 😵💫
Join 10,000+ professionals who enrolled in the Controller Academy 🚀
https://controller-academy.com/course...
[coupon 30OFFCOURSE for 30% discount]
Download the file used in the video:
https://thefincontroller.com/p/accoun...
PwC's guide on Revenue from contracts with customers:
https://viewpoint.pwc.com/dt/us/en/pw...
Chapters:
00:00 Agenda
00:53 #1 Late Invoice for Inventory
02:44 #2 AR Write-off
05:09 #3 Deferred Rent
07:53 #4 Sales Commission (Incremental Cost)
11:46 #5 Buyout of Legacy Vendor Contract
What we cover in this video:
Accounting Adjustments are made at each month end to ensure compliance with US GAAP or IFRS, depending on the Accounting framework your company chooses to use
In this video, I will walk you through 5 examples of these accounting adjustments. We will go from an easy example such as a Late invoice on inventory purchase all the way to a very difficult example related to costs to acquire a new customer contract
We will look at both the Wrong Accounting treatment as well as the correct way to record each transaction
-----------------------------------
Hang Out with me on social media:
📸 / the_financial_controller
📱 / thefinancialcontroller
/ bill-hanna-cpa-7653a851
DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
All views expressed on my channel are mine alone. Not intended as financial or professional advice
Watch video 5 Accounting Adjustments From Easy to Insane 😵💫 online without registration, duration hours minute second in high quality. This video was added by user The Financial Controller 20 May 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 12,974 once and liked it 721 people.