End Of Period Adjustments: The Time Period Concept Part 1/4
The current video is the first of four videos that discuss the end of period adjustments. It gives a brief about the end of period adjustments and its importance to the accuracy of the accounting records, then talks about the time period concept.
00:00 What are End Of Period Adjustments?
00:12 An Example Why End Of Period Adjustments are Important.
01:18 Categories of End Of Period Adjustments
01:29 The Time Period Concept. What is it?
01:44 Benefits from applying the Time Period Concept
02:07 The Fiscal Year
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