Scenic: Reconciliation Adjustment Signs

Topics:

  • Concepts:
    • Asset reconciliation adjustments have the opposite sign as the net effect of operating entries
    • Liability reconciliation adjustments have the same sign as the net effect of operating entries
  • Explanation:
    • Why asset adjustment signs are the opposite of the net effect of operating entries
    • Derive Reconciliation Equation
  • Take-aways

Scenic Video: [9 min]

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