Financial Institutions Overview
This lesson defines financial institutions and lists the types of banking and non-banking financial institutions. It also explains the key differences between these institutions and their functions in the economy.
- 16:05 “are financial documents to which the government can solve for loan from the public and interest repeat back when the government is paying back the loan. Bill of exchange. Call on money fund. Call on money fund is a kind...”
- 00:57 “Financial institutions refer to all business organizations which hold money for individuals and institutions and may borrow from them in order to give loans or make other investments. That is, all those financial institu...”
- 19:24 “Issuing houses, insurance companies, development banks, building societies, national provident fund, stock exchange, advantages of capital markets. The following are the advantages of capital markets. Provision of long-t...”
Public Sector Accounting: Revenue and Expenditure
This lesson covers sources of government revenue and explains terms related to public sector accounting. It classifies expenditures into capital and recurrent categories and provides examples for preparing statements of revenue and expenditure.
- 03:19 “something that is done regularly? No. So, it is more capital in nature. Purchase of Motoka is not something that is done regularly. So, it's a capital expenditure. Stationery is something that we do regularly. We use bai...”
- 00:00 “Hello viewers, I'm Mrs. Oyinloye and I'm to take you financial accounts. The topic we're looking at is public sector accounts part four, behavioral objectives. At the end of this lesson, Learner's will be able to differe...”
- 11:29 “that we have here, which you have been given already, and you have the items of expenditure and you prepare your statements of capital and revenue expenditure. Thank you for watching. I'm Mrs. Zoe Luier. Till next time.”
Public Sector Accounting Overview
This lesson covers the definition of public sector accounting and its importance. It explains the sources of government revenue and classifies expenditures into capital and recurrent. Key concepts and terms related to public sector accounting are also discussed.
- 07:06 “That means we don't prepare our accounts based on the fact that there are some people all in us, such as debtors or that we are all in some people, such as creditors. Our accounts is prepared based on amounts that comes...”
- 01:35 “involving the receipts and disbossments of government funds in a systematic way. The three words that I want us to take notes of are one recording financial transactions of the government. Two, disbossments, the receipts...”
- 15:38 “It is not solely owned by the federal government. The federal government will need to disbose the funds. Share into three. Part of it to be taken by the federal government itself parts to be given to the state government...”
Revenue Types
This lesson defines revenue and explains its three main types: total revenue, average revenue, and marginal revenue. It covers how to calculate each type and their relationships to production and sales.
- 05:10 “So, let's get the words, the solution to these words, so this interesting question won't have to the other. Look at the board, here you have what, P is on the wall, it's first on the CR, remember the formula I give to us...”
- 20:42 “So this is what you need to know in the rest of the world. This is where I'm going to stop my class. But before then, I need to give you an assignment in the rest of the world of that. So you go to the 1998 question in m...”
- 16:19 “Here is 24, here is 24. What do we call that? Whenever your TR is equals to your TC, what do you call that? In economics, whenever TR is equal to TC, that is all called brick-even points. What happens at brick-even point...”
Cost of Production
This lesson covers the concept of cost in economics, focusing on the cost of production. It explains different types of costs, such as fixed and variable costs, and discusses the factors of production that contribute to overall costs.
- 08:08 “When I forego the pen, it means that I have sacrificed the pen, in order to enable me to buy the world, the book. That pen I have forego is what economists refer to as well as opportunity calls, sacrificing the particula...”
- 16:04 “you calculate your worth, your total cost, please take note, your total cost here is going to be worth, it's going to be fixed cost, plus worth, plus variable cost, okay, remember the first one I get to you is worth, is...”
- 08:58 “So these are the accountants and the economist's points of view. Accountant's cycles, in terms of money costs, economic cycles, in terms of opportunity calls. Now, take note of these, in the example you may be asked, are...”
Government Revenue and Expenditure
This lesson covers the classification of government revenue into revenue receipts and capital receipts. It also explains government expenditure, distinguishing between capital and recurrent expenditure. Students will learn how to prepare statements of revenue and expenditure accounts.
- 03:10 “government. You could involve payments of salaries to employees of the government. These expenses are actually charged to consolidate funds. They are not permanent in nature unlike capital expenditure. Like I said, we ha...”
- 09:36 “where the expenditure is higher than the revenue what you have is a deficit. So let's look at the solution that I told you all the items of expenditure are debited to the accounts and what are those items of expenditure...”
- 08:00 “interest on fixed deposits accounts is a revenue item, but allocation is a revenue item, rent from shops is a revenue item, sanitation fees is a revenue item, thinking of balls is an expenditure item and then constructio...”