Reconciliation Government Wide Financial Statements Capital Assets | CPA exam FAR | P 1 of 4

[@ngythe1king]

First video I’ve ever watch of yours, your lectures are so much better than Becker! Your explanations are so detailed and your visuals are on point, I also love that you use real life examples!

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: [e-mail]

[@wannafree8750]

You are the best ,this topic I never understood till I saw this video .I feel I know it cold now.Big thank u Sir.

[@msmerijane]

Your accounting videos have helped me tremendously, thank you!

[@AccountingLectures]

You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: [e-mail]

[@tanyabrooks6058]

Great video!

[@AccountingLectures]

Glad you enjoyed it. Here's the governmental accounting course: farhatlectures.pathwright.com/library/governmental-and-not-for-profit-accounting/about/

[@billbrosnick313]

This is a great video!

[@AccountingLectures]

Hi Bill, you are welcome. Thank you for subscribing. Please share the channel with others. You can also look for specific terms on my website: www.farhatlectures.org Also please take a moment to like, share, rate and leave a comment on my Facebook page: Www.facebook.com/accountinglectures

[@Loughman1Tatiana]

thanks for posting this

[@AccountingLectures]

hi Get Startup, LLC you are welcome. Please subscribe and share the channel with others. You can also look for specific terms on my website: www.farhatlectures.org Also please take a moment to like, share, rate and leave a comment on my Facebook page: Www.facebook.com/accountinglectures

[@luvpinas123]

What is the rationale behind having such an (in my opinion) convoluted system of accounting?

[@Midnight_Flower939]

I believe the combination of cash basis and full accrual basis helps eliminate timing issues. Revenues are recognized when they are both measurable and available to finance expenditures of the current period. Measurable - the cash flow from the revenue can be reasonably estimated. Available - the revenue is available to finance current expenditures to be paid within 60 days.

[@Neha_Siddiqui_]

thanks, plz upload a video on criteria for primary government and component unit

[@AccountingLectures]

IN the future. You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.pathwright.com/library/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: [e-mail]

[@joejessen9157]

Hi love you videos just a quick question wouldn't you add the new capital assets of $4,800,00 and 2,700,000 to the beginning balance of step 1 to calculate the depreciation expense? or is that going to be included in the calculation next year?

[@nickcudone4224]

Hey Prof. Farhat! Quick question, why did you not include the buildings and improvement expenditures in your depreciation expense calculation on step 3?

[@paulhan7770]

Because it says on the question, it will be depreciated next year