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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Additional Materials:
Video slides [pdf]
Transcript [pdf] Transcript [doc]
