Name: Why My Definition Of Credits Differ's From Books by Accounting Instruction, Help, & How To
Duration: 11 min 12 s
Description: Many people have ideas of what debits and credits are that do not line up to financial accounting definitions, financial accounting definitions often being less exciting and detailed, debits just being the right side of a ledger and credits being the right. We will discuss why this is.

The banking system, definition of money,, and how money is created in the banking system.

Resources: 
Macroeconomics Colander, 9e
Marginal Revolution http://www.mruniversity.com/
Econ Talk https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA

MA1200 Banks, Money And The Financial Sector (1)

Accounting for governmental and not for profit entities including an introduction of what government and not for profit entities are and starting off with a comparison with for-profit industries. Both in this discussion and within the development of accounting regulations we start with accounting designed around for-profit organizations and then look for those areas that are different, those areas we need to focus in on when thinking about government and not for profit accounting. Most of the differences between for-profit companies and government and not for profit entities stem from differences in objectives, for profit objectives being profit, not for profit objectives being somethings els. For-profit objectives can lead to problems related to companies trying to overstate income or understate expenses but can also have advantages related to market and the way markets tend to pressure companies to run lean, striving to increase profits and reduce expenses. Governmental and not for profit organizations can be considered to have a more noble goal but the lack or a market can lead to different problems, those problems often having to do with waste or not running as efficiently as could be done. Without market forces acting directly on a not for profit entity, there is more pressure on management to act for the objective of the company and make sure the organization is running as efficiently as possible.

Resources: 
Accounting for Governmental & Nonprofit Entities Reck, 17e
An Overview of Governmental Accounting and Financial Reporting by Michael Genito
Basic Governmental Accounting Concept Including Fund Accounting by Professional Education Services LP

GA100 - Introduction To Accounting For Governmental & Not - Fo

Accountant's Guitar 09.02.17

A common question when presenting the accrual principle is whether cash and revenue are overstated. One reason is that we often record revenue before we receive cash. This discussion will discuss the difference between the two methods.

Does Accrual Method Overstate Assets & Revenue

Many people have ideas of what debits and credits are that do not line up to financial accounting definitions, financial accounting definitions often being less exciting and detailed, debits just being the right side of a ledger and credits being the right. We will discuss why this is.

Why My Definition Of Credits Differ's From Books

Is cash the same thing as revenue is a common financial accounting test question and a a common question asked by people learning accounting.

Is Cash Ths Same As Revenue

Interest expense is a abstract concept for many, in part, because interest is based on the use of an intangible assets. The concept of paying rent on the use of money is not as easy to grasp as the concept of paying rent on a building but the concepts are very similar.

Why My Definition Of Credits Differ's From Books

Accounting Instruction, Help, & How To

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