- 211
- 1 583 408
Steven Force
United States
Приєднався 18 бер 2020
Do you have questions about accounting or statistics? Then, you've come to the right place! There's a long list of videos waiting for you on the channel that cover financial accounting, managerial accounting, and business statistics.
This channel has a few different types of videos to help you with any questions you have. There are short, example-focused videos that will cover a single topic in the video. There are also longer, review-style videos that cover a variety of topics.
So, what are you waiting for? Start looking around the channel now!
Courses covered in the videos:
Financial Accounting (ACC 111, ACC 112, ACC 211)
Managerial Accounting (ACC 212)
Business Statistics (GBS 221)
This channel has a few different types of videos to help you with any questions you have. There are short, example-focused videos that will cover a single topic in the video. There are also longer, review-style videos that cover a variety of topics.
So, what are you waiting for? Start looking around the channel now!
Courses covered in the videos:
Financial Accounting (ACC 111, ACC 112, ACC 211)
Managerial Accounting (ACC 212)
Business Statistics (GBS 221)
Відео
Knowing the Tail for Hypothesis Testing
Переглядів 3612 роки тому
Discussing how to determine if the hypothesis test is a two-tail or one-tail test. This video also covers how to determine if the hypothesis test is a right-tail or left-tail test.
Type I & Type II Errors
Переглядів 5662 роки тому
Discussing the difference between Type I and Type II errors, and when each occur.
The 6 Steps of Hypothesis Testing
Переглядів 6 тис.2 роки тому
Reviewing the 6 steps of hypothesis testing.
How to Determine Hypotheses for Tests with Two Populations
Переглядів 1772 роки тому
Reviewing the steps to determine hypotheses for tests with two populations, including key words and phrases to look for when finding your hypotheses.
What is Simple Linear Regression?
Переглядів 2472 роки тому
Reviewing simple linear regression, its purpose, the individual pieces of the regression equation and the usefulness of the coefficient of determination.
How to Use Bell Curves During Hypothesis Testing
Переглядів 1,2 тис.2 роки тому
Discussing how bell curves can be used to determine the conclusion at the end of a hypothesis test.
What is a One-Way ANOVA?
Переглядів 1492 роки тому
Reviewing what a one-way ANOVA will measure, along with the reason we use ANOVAs in statistics.
Using T-Scores in Confidence Intervals
Переглядів 1602 роки тому
Reviewing when to use t-scores, and how that affects the calculations when finding the confidence interval. This video discusses how to find the degrees of freedom required for finding the t-score.
Normal Probability (Bell Curve)
Переглядів 3092 роки тому
Reviewing normal probability distribution and bell curves. This video discusses the characteristics of normal distribution, along with how standard deviation affects the shape of the bell curve.
Poisson Probability
Переглядів 2312 роки тому
Reviewing Poisson probability, and the Excel function used to calculate Poisson probability.
How to Calculate Standard Error
Переглядів 1,5 тис.2 роки тому
Discussing how to calculate the standard error of the mean and the standard error of the proportion.
Confidence Intervals
Переглядів 7032 роки тому
Reviewing confidence intervals and how to calculate upper and lower confidence limits. Point estimate and margin of error is also discussed in this video.
What is the Finite Correction Factor?
Переглядів 7 тис.2 роки тому
Reviewing when to use and how to calculate the finite correction factor (FCF).
Using a Bell Curve to Find Probabilities
Переглядів 9812 роки тому
Reviewing bell curves and Excel functions to use with normal distribution.
Using Contingency Tables for Probabilities (Intersections and Unions)
Переглядів 12 тис.2 роки тому
Using Contingency Tables for Probabilities (Intersections and Unions)
Measures of Variability (Range, Variance and Standard Deviation)
Переглядів 6082 роки тому
Measures of Variability (Range, Variance and Standard Deviation)
Measures of Central Tendency (Mean, Median and Mode)
Переглядів 1472 роки тому
Measures of Central Tendency (Mean, Median and Mode)
Descriptive Statistics vs. Inferential Statistics
Переглядів 4172 роки тому
Descriptive Statistics vs. Inferential Statistics
Thank you 🎉
Sir. Thank you so much. I've watched over 10 videos and i've spent hours crying over FIFO lolololol, this helped me so much. All the lightbulbs are going off in my head. THANK YOU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I'm happy to hear this helped! Hopefully no more crying over FIFO now!
Excellent 👌👌👌
Nice🎉🎉🎉
Thank you so much!
Great video but I have a question. The inventory on August 10th , shouldn’t it be purchase discounts ? Thanks
If you are using a periodic inventory system, then it would be purchase discount. However, in a perpetual inventory system, you would use inventory.
This is one of the few very clear and easy to understand videos that get directly to the point.
good job sir
You are an amazing teacher thank you for this class, it has been super helpful! Greetings from London
Glad it was helpful!
Thank you so much man I have a test in a couple hours and this was super helpful!!
Good luck on the test!
Thank you for the videos! I just finished my homework, you are the best teacher! Really helpful and simple to understand.
Glad it was helpful!
:)))
my professor is teaching us by using corporate accounting terms (common stock, dividends, etc) am i missing out on something if the terminology are differently taught?
This would be the terminology if you're working in a sole proprietorship. Owner's Equity becomes Stockholder's Equity (or Shareholder's Equity) when you are working in a corporation.
income from operation is 400,000you added 24000 extra way i made confu
I started this video 50 minutes before my test and this saved me, thank you so much 🎉
Glad it helped!
Berenice Station
What if the net income is missing and thy have additional investment and bonus to a partner by 20% net income after interest and salaries?
Thank you so much
Well done. I am just starting Intermediate Financial Reporting 1 and it's been 8 years since I had my first Financial Accounting class. My most recent accounting class was Governmental Accounting about 4 years ago. Needless to say, I am rusty. This week is the accounting cycle and I am fine on some points but confused on others. This video is now bookmarked for reference. I just subscribed to your channel. Thanks so much for your efforts!
Happy to help!
Why do we arrange in liquidity
Listing in the order of liquidity allows users of the reports and statements to assess the financial health of the company. For example, they can see how quickly and easily a company would be able to pay back their debts, based on how liquid the company's assets are.
you are amazing and you explain this so much better than my professor!!!!!!!
I am telling you, he's perfect.
How about if the expenses are missing the same as the Investment? I do not know how I can solve the investment without the expenses since I cannot get the Net income first without the expenses. Huhuuuu
😊😊😊
WOW ! Thank you so much , I was having such a hard time understanding but you explained it so well. I’m a hands on learner and this makes much more sense now !
Glad it was helpful!
Hi what happens if there's accumulated depreciation in post-closing? Will it still be credit side or will it be a negative value on the debit side? The problem with putting it on credit side is that the total sum value of the post closing trial balance doesn't match with the total sum value of the balance sheet... any idea on this? thank you so much!
Accumulated Depreciation would still be a credit balance on the post-closing trial balance. The totals from the post-closing trial balance do not need to be the same values as the totals from the balance sheet. As long as the debit and credit columns equal on the post-closing trial balance, and Assets = Liabilities + Owner's Equity on the balance sheet, then everything is fine.
@@stevenforce3344 i see, thank you! its also nice that you're still active on youtube helping people out
very helpful video
the entries in August 1 is Dr: Purchases Cr: accounts payable
😢
It is really educative
Thank you !
god bless you and your family
T
I can't thank you enough for this. I was struggling with my homework and didn't understand it, but you made it so easy. Now, I totally get it. I did one FIFO and LIFO by myself, following what I learned from you, and I got them all right. Thanks a bunch!
Thank you so much,just found this playlist 3days before semester final.. This was so helpful ❤
Thank you for going straight to the point.
Learnt in 5 mintues thanks mate
I am still having trouble getting it.
Can you make a video about periodic method as well?
What if there's a loss instead of profit. Would you write it as Less: Loss xxx
Correct. The Net Loss would be listed under the "Less" section along with any Owner's Drawings you may have in that period.
i also looked up for many video regarding this topic but i found your video the most helpfull one. Thank you
Glad it was helpful!
Thank you so much ✊🏼
I want to ask that what is the interest? Where does the interest come from?
Tanks
youre awesome you have the best videos and you explain everything in a simple way. Thank you very much!
Glad they're helpful!
Great work, simple and to the point. Thank you!
does it matter in which order you list out the liabilities and owner's equity?
Liabilities will always need to be listed before Owner's Equity. As for liabilities, it's best to list them out in order of the account numbers that a company is using. However, there is not a strict rule like the order of liquidity for assets. As for Owner's Equity, the only account that you'll list on a basic balance sheet will be Owner's Capital.
how do you know which accounts will be higher liquidity?
Liquidity refers to how quickly an asset can be turned into cash or be used up. So, Cash will always be the most liquid. Here's a link that goes more into the rest of the list: www.accountingtools.com/articles/what-is-order-of-liquidity.html
is adding investments optional? it sounded optional
It's not necessarily optional, but investments are not always going to happen during an accounting period. An owner may go a while before investing more in the business, so during those periods without any investments, they will not appear on the statement.
i didn't realize it would be this easy! thank you so much
Great job, surprised why so litte views for such a detailed and clear explanation
Glad it helped!