In this video, we will be discussing, what is equity all about basically in accounting with a detailed explanation. If you can recall, we discussed ASSETS and LIABILITIES in the last two videos. Now we will discuss how the standards have defined equity and what makes it so different from the first two elements we covered. Timestamps: 00:00 Introduction 00:40 The definition of Equity in the Conceptual Framework 01:59 The definition of Equity in IAS 32 02:55 The formula of Equity 03:35 Practical discussions of Equity 06:15 The sources of Equity 08:10 The components of Equity 15:34 What is so special about Equity? 19:12 The Equity accounts of APPLE Inc. 22:50 Summary -------------- Watch others: Definition of Assets: https://youtu.be/y7F69H4jGLI Definition of Liabilities: https://youtu.be/u4EEsQ1FykE ---------------- Every week we will release Accounting Lectures starting off with the ACCOUNTING Process and then gradually advancing to more advanced Financial Reporting topics. So It's like a course, except that this is FREE! Subscribe to our channel for more Free Accounting Lessons https://www.youtube.com/c/AccountingZerotoHero?sub_confirmation=1 DO YOU.. ► have ZERO experience but you want to pursue Accounting Jobs; ► want to be a HERO on your Accountancy Journey; ► want to level up your career as an Accountant; ► want to supplement your learning of the Accounting Concepts for your ACCA, CPA, and other accounting exams; ► need Technical Discussions and Exercises ► have curiosity about Other Practical Application of the accounting standards discussed by an experienced professional We hear you and got your accounting problems covered! If you have any questions or want to request a lesson... just leave a comment and we will answer them as best as possible! Thanks so much! AccountingZeroToHero #Equity #AccountingZeroToHero #AccountingBasics