Accounting Tutorial: Overhead Absorption Costs Level 2, 3 and 4 with Miss Finance (bookkeeping aat)
Channel: Rebecca's Finance Tutorials
Date: 2020-08-20

I have over a decade experience in finance and have tutored and managed many students to become both AAT and ACA qualified. In this video I go through exactly what is meant by overhead absorption and how you can calculate this as well as over and under recovery of an overhead, what a cost centre is and what an overhead is.

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Here I also discuss the basics of profit and loss, income statements, balance sheets and statement of financial position as well as the debit and credit entries in both.

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#aat #prepayments #debits and #credits