You're a bloody legend for splitting the video up into titled sections. First time I've ever seen that on UA-cam to be honest, and it's definitely one of those things you didn't know you wanted until you had it. Great video. You should probably allow ads on your videos as soon as you can cause this is good content and you should be paid for it.
Anyone getting into accounting now, you’ll learn more from this 5 minute video that makes sense, than about 8 hours of your first classes in accounting
Man, you're genius. I'm a high school financial accounting teacher and your video will help me a lot when explaining accounting equation to the first year students as I'll be teaching it today.
You are teaching accounting in High School? Man, must be a good high school. I usually refer to high school as only really useful for basic stuff like math and history, add geography if they can teach that well, but to be teaching something as career practical as accounting is something else, glad some schools are getting better at recognizing useful material
James I wanted to say thank you. I just passed my MBAs accounting exam and I don't think I would have done anywhere near as well without your videos, many many thanks.
Accounting can be challenging at times but a rewarding career. You do mostly sit at a desk all day so there’s that. If you are highly interested I would suggest a shadow or internship to test out the waters before you decide completely.
Thank you so much ! My course directly told me that the sale of merchandise of $100 : 1) Increases cash by $100 2) Increases Retained Earnings by $100 I was unable to reconcile this until I watched your video ! Also, Stuff that business owns = Stuff that business Owes.... so powerful yet simple !!
Great video! I took accounting 30 years ago and am now re-freshing my accounting in hopes of opening a business in my retirement years. I love your simple, clear explanations!
This is absolutely wonderful!!! Better explanations than 3 semesters of accounting coursework and a year and a half of bookkeeping work that I've done. Thank you, please keep making more of these.
You are singlehandedly saving my career lol. I watched this in my 11th grade 5 years ago, I'm taking my CMA exams (equivalent to CFA kind of in India) and here I am watching your videos again. Thank you so much!!
I was struggling with the logic of this equation, but the idea that what you owe depends on who the lender is (so, Liabilities for 3rd parties, Equity for the owners) is a GENIUS way of explaining it. Thank you!
I'm currently in a accounting class as a junior and you explained this better than my teacher . I was lost at sea when my teacher taught me this but I came to this and I think I have a better knowledge. Thanks
This is very first channel i have subscribed for accounting learning as I found it good. Just wanted to make a point here.if you could slow down your speed , will help you understand better. Thanks . You are doing good. Keep it up
Hey, thanks for the sub! I appreciate the feedback and will bear it in mind for future videos. I the meantime... have you tried slowing the speed of the UA-cam video in the settings, maybe that will help?
Hi James, thank you for making this accounting subject so fun and alive. really enjoy your video a lot!!! Keep on watching and learning from your awesome videos
Boy oh boy -- I came across your channel while looking for resources for Bookkeeping, as I am changing gears from IT to bookkeeping/accounting. Your content and presentation is brilliant and I have learned a ton thus far -- more binge watching this weekend. Many thanks for the great work!!! =)
I found out about you a few months ago and now resort to your videos anytime I'm confused or looking to further understand Accounting. You're a wonderful teacher and I'm so grateful for your time and dedication to your videos!
What a great start. With the number of books I have bought on Accounting I could open a small library. At last, some clarity from you right from the outset. Thank you.
The best accounting video for beginners I've seen so far. I am learning accounting with no experience and this video definitely helped me understand the most basic things. can't wait to see the rest of your videos of this Accounting Basics video Series. keep it up!
Great!!! so helpful I just started ACCA after my Bachelor which is waaaay different than my major,, this really helped me a lot perfect series for a beginner like me
That's great! I did the ACA which is similar to the ACCA so can feel your pain! Happy to hear that you find these useful. Best of luck with the course!
@@AccountingStuff I would like to request for you to share something like 5 reasons abt ACA and related to that. Extremely curious to know. It just a thought that it will help many people out there .
James - you are EPIC! Thanks so much for creating these easy to follow (and entertaining!) videos on what can be a confusing subject! I'm starting my own practice (Mediation/Conflict Resolution/ Facilitation) and returning to bookkeeping/accounting after an absence of 20+ years. You've actually made it enjoyable! Every good wish in your own career.
Thank you somuch for your content. These is very essential for me especially this time of pandemic. We don't have any discussions. Thank you so much. I will start watching your old videos until the latest❤️
I've been struggling to understand debits and credits since my first accounting class this is the first time it's been explained and visually shown in a way that it really clicked for me. Thank you so much for making this video! You've gained another subscriber!
You are the one who really wants us to learn and so you make everything which can be understood by everyone in need and love the way you reply to all the comments👍 Accountancy is easy when we learn from someone like you... Blessed to find your channel ❤️
Hi James, thank you for always uploading such useful stuff I am completely lost at school. You helped me a lot for my previous test, thanks again.. We are now on the topic « TAX ACCOUNTING » could you do something on that too pleeaaaase 🥺
man you made my life easier! ive read counless of articles online but still struggle understanding accounting stuff fully. this is highly recommended to my friends and colleagues. subscribed and liked all videos. hope this helps spread your videos, thanks man!
My goodness. This whole series is SO helpful. The stuff our school gives us is not nearly this good. This series is such a great primer. Can't thank you enough for doing this!
Thank you so much James! Just to support some English. For anyone who doesn't know "mark up" means, "mark up" means increased price of goods. From 3:00 in the video, there is "60% mark up on cost". The cost is $5, the increased price is $3 ($5*60%), which means the "mark up" is $3. Therefore, the original cost is $5, the mark up is $3, the sale price is $8. Hope it helps! And correct if I were wrong.
Apologies, I should have been clearer... A Mark Up on Cost is the difference between the Selling Price and the Cost of Goods expressed as a percentage of the cost. So if the Goods costed $5 then then a 60% mark up would mean $3 of profit (60% x $5) which means the total selling price is $8
I'm so happy I found your channel I could cry. I'm trying to go back to school to provide for my daughter and my teacher only reads out of the book. I feel like I can actually do this now. Much love from Texas!
The popcorn was his own equity, he takes it by himself to the company (no Cost/Liability). U might notice he credited the Owner Equity when he added the Popcorn as Inventory.
Thanks for such a great explanation for all this principle that I had hard time understanding at first. I would like to watch more of your videos and recommend your channel to any other friends who want to learn accounting!
Thank you so much!! I've sampled MANY youtube accounting videos but always find your videos to be understandable, clear and concise!!! You are my go to (youtube) guy for understanding accounting principles!!!!!
Thank You for helping me understand accounting.Your videos are great! You should be a teacher! You have the gift to help others understand the information clearly.
Hello, I'm an undergrad about to take accountancy in university this year and discovering your channel is probably the best thing that happened during quarantine. Really appreciate what you do. Keep it up man, you earned a sub :)
You are my hero dude. Thank you so much, you've simplified accounting for me and I'm getting a better idea. I'm taking intro accounting and I'm lost but you saved my life bro. THANK YOU!!!!! Subscriber 4 life!!!
I'm currently watching these videos because my small company has asked me to help with the accounting, and it's been tricky until now - you are amazing. Super informative videos, very accessible and incredibly helpful as a series. A thousand times thank you for producing these videos.
Thank you so much, currently using WileyPlus for an online summer course and am basically having to teach myself. Had no clue what was happening in chapter one, found this, and everything clicked. Will be using you for future learning
I'm taking accounting courses right now for my Bachelor's and your videos are saving the day!! I've been trying to understand debits & credits for hours now and the more I watch your videos the more it makes sense. I'm gonna keep watching but I had to say thank you for this!!
oh...and I also have to say. I used to love my PAPER general ledger and t-accounts! The rules and concepts are all familiar, but Now I have to learn the technology! :-) Thank you!
I've spent the past hour reading up various definitions to figure out how this formula works.. like how can your liabilities be considered assets? But after watching your video, it all makes sense. Everything balances out and that's how it works :)
This link came up on my browser when looking into something about accounting. I clicked on it just for fun and out of curiosity. I have a Bachelors in Business with a concentration in accounting and have never in my life seen this so simplified. Great job! I am subscribed!
BEST, Absolutely best examples and explanation of a balance sheet. I'm not an accountant and I'm trying to determine what goes where on the balance sheet (I mean, the current and non-current/ liability and equity spaces), and this video has made it very obvious. I'm still going to need more training but I've got to say, no one made a better example/ training on UA-cam like you. Thank you.
Thanks for the video. I was getting really tired of some trying to explain a balance sheet by just droning on that a balance sheet must balance because that's why it's called a balance sheet; like it's some sort of cult. With your explanation and examples I can see some purpose behind it and get a grip on what's going on in it. Cheers
Hey there! LOVE these videos. I am in university now, planning to become an accountant. I sometimes think this is an impossible task. You are making it easier for me and for that thank you so much. SUGGESTION: Can you do a video on the foundational principles (and examples of each). By this I mean 1) recognition and derecognition (economic entity, control, revenue recognition, matching ) 2) measurement (periodicity, monetary unit, going concern, historical cost, fair value), 3) presentation (full disclosure) This may be too much for one video, maybe a three-part series?? Thanks for the great content and I hope you keep it up!!!
I have watched tons of videos and read lots of books to just understand the same amount of knowledge this video COVERS IN 4 MINUTES .. YOU ARE THE BOSS
I have a bachelor's degree in accounting and this 5 minute video was more helpful than all of my accounting courses....
Hey Emma, glad to hear the video helped! Sometimes it's useful to revisit the basics
Same story here, even a masters in finance and risk, but this just could've made things way easier back in the days
do your rly have a bachelor's degree thooo hmmmm?
@Lyrtha Kalas welcome to the whole world education system
YES!
You're a bloody legend for splitting the video up into titled sections. First time I've ever seen that on UA-cam to be honest, and it's definitely one of those things you didn't know you wanted until you had it. Great video. You should probably allow ads on your videos as soon as you can cause this is good content and you should be paid for it.
Thanks Jonah!!
Anyone getting into accounting now, you’ll learn more from this 5 minute video that makes sense, than about 8 hours of your first classes in accounting
Yes!
bro just mock my indian lecture in single comment
That is definitely me!
There are many videos for accountancy but this video was best
Cheers buddy 🙂
agreeeeee>
Man, you're genius. I'm a high school financial accounting teacher and your video will help me a lot when explaining accounting equation to the first year students as I'll be teaching it today.
Wish you The best maam
You are teaching accounting in High School? Man, must be a good high school. I usually refer to high school as only really useful for basic stuff like math and history, add geography if they can teach that well, but to be teaching something as career practical as accounting is something else, glad some schools are getting better at recognizing useful material
James I wanted to say thank you. I just passed my MBAs accounting exam and I don't think I would have done anywhere near as well without your videos, many many thanks.
Congrats Miles, well done!!!
Hello Miles. May i please ask, as i possibly want to pursue a career in accounting. Is it hard and boring?
Accounting can be challenging at times but a rewarding career. You do mostly sit at a desk all day so there’s that. If you are highly interested I would suggest a shadow or internship to test out the waters before you decide completely.
@@stffaluffagus Thank you so much!
That was one of the best explanations I've heard for any topic. Great job
Thanks, I’m glad you found it useful
You succeeded in teaching me my first lesson in accounting. I've had so many teachers over the years who tried and failed. Thank you.
It is a pleasure!
Man... can you teach professor's how to teach?
dude I agree, I don't understand anything at school.
@@AyurrRBX he helped me get a B on my 1st test.
no doubt that
Amen!! Preach
Actually, he's amazing, am wondering if he's doing personal coaching
Thank you so much !
My course directly told me that the sale of merchandise of $100 :
1) Increases cash by $100
2) Increases Retained Earnings by $100
I was unable to reconcile this until I watched your video !
Also,
Stuff that business owns = Stuff that business Owes.... so powerful yet simple !!
Great video! I took accounting 30 years ago and am now re-freshing my accounting in hopes of opening a business in my retirement years. I love your simple, clear explanations!
Cheers Gail! We all have to return to the basics from time to time. Have a happy new year!
This is absolutely wonderful!!! Better explanations than 3 semesters of accounting coursework and a year and a half of bookkeeping work that I've done. Thank you, please keep making more of these.
Learnt more in a week of watching your videos than a semester of accounting at degree level, thank you so much bro your a life saviour!
You are singlehandedly saving my career lol. I watched this in my 11th grade 5 years ago, I'm taking my CMA exams (equivalent to CFA kind of in India) and here I am watching your videos again. Thank you so much!!
you have saved me 2 lectures worth of learning in literally 5min, lad
Hope it's making sense :)
I was struggling with the logic of this equation, but the idea that what you owe depends on who the lender is (so, Liabilities for 3rd parties, Equity for the owners) is a GENIUS way of explaining it. Thank you!
Great to hear it's clicking for you
The best teacher I have ever seen on UA-cam thus far hands down
Thanks for your kind words!
Dude! Wish I had your videos in my first year studying accounting. This is a gold mine. I'm sharing it with friends.
Cheers mate, thanks for sharing!
Thank you so much ! 2 years ago I watched this exact same video before my exams, and here I am again watching it for revision. Thank you !!!
Best of luck!!!
I'm currently in a accounting class as a junior and you explained this better than my teacher . I was lost at sea when my teacher taught me this but I came to this and I think I have a better knowledge. Thanks
This is exactly how I felt after we covered it in our lesson.... I thought I'd never get it but this video has just made everything clear!
No worries, I'm glad to hear that it's making more sense for you!
@@sarahmjones13 That's awesome!
This is very first channel i have subscribed for accounting learning as I found it good. Just wanted to make a point here.if you could slow down your speed , will help you understand better. Thanks . You are doing good. Keep it up
Hey, thanks for the sub! I appreciate the feedback and will bear it in mind for future videos. I the meantime... have you tried slowing the speed of the UA-cam video in the settings, maybe that will help?
Thanks for considering my point. I m afraid if I know it.
I just found your channel and these videos are just soo concisee and helpful.. I feel like this channel is underrated.. thanks for the video!
Thanks, I'm glad you're enjoying the videos :)
Hi James, thank you for making this accounting subject so fun and alive. really enjoy your video a lot!!! Keep on watching and learning from your awesome videos
This was incredibly helpful as someone who has absolutely no experience in this. Your videos were the first I watched on accounting.
Boy oh boy -- I came across your channel while looking for resources for Bookkeeping, as I am changing gears from IT to bookkeeping/accounting. Your content and presentation is brilliant and I have learned a ton thus far -- more binge watching this weekend. Many thanks for the great work!!! =)
IT from Book-keeping as in in CBSE, like you switched the elective?
@@Animox26 No, I went from working in the IT (Information and Technology) field to a bookkeeping career.
@@zensukai Okay, thanks a lot!.
I found out about you a few months ago and now resort to your videos anytime I'm confused or looking to further understand Accounting. You're a wonderful teacher and I'm so grateful for your time and dedication to your videos!
Thanks for your kind words! All the best with your studies :)
What a great start. With the number of books I have bought on Accounting I could open a small library. At last, some clarity from you right from the outset. Thank you.
Cheers Jamie, glad the video helped you out! Would you recommend any of those books? I am looking for new ones to review
Accounting Stuff of course. Do you want me to reply here or direct where I can send you screenshots.? Jamie
It's very useful to youths instead of see useless video we can study thanks bro ❤
The best accounting video for beginners I've seen so far. I am learning accounting with no experience and this video definitely helped me understand the most basic things. can't wait to see the rest of your videos of this Accounting Basics video Series. keep it up!
Well explained. Your presentation is awsome. Short videos with a lot of learning. Thank you !
Cheers!
Great!!! so helpful I just started ACCA after my Bachelor which is waaaay different than my major,, this really helped me a lot perfect series for a beginner like me
That's great! I did the ACA which is similar to the ACCA so can feel your pain! Happy to hear that you find these useful. Best of luck with the course!
@@AccountingStuff I would like to request for you to share something like 5 reasons abt ACA and related to that. Extremely curious to know. It just a thought that it will help many people out there .
@@farahabdullah4838 Thanks for your request!
This channel WILL help me become an accountant. Better to learn early than wait to learn!
You've got this!
James - you are EPIC! Thanks so much for creating these easy to follow (and entertaining!) videos on what can be a confusing subject! I'm starting my own practice (Mediation/Conflict Resolution/ Facilitation) and returning to bookkeeping/accounting after an absence of 20+ years. You've actually made it enjoyable! Every good wish in your own career.
Thanks Thomas and best of luck with your new practice!
This is really helpful for my exam later. Thankyou, you explained clearly.
Good luck in your exam!!
This was so helpful, thank you!
I finally understand
OMG! Just the first 2 minutes were more useful than my last month in class.
Hey 😁 I'm done with my exam yesterday....it went well!!! Thx for those videos 😍🤗🙏
Well done, I'm happy it went well! 👍
Thank you somuch for your content. These is very essential for me especially this time of pandemic. We don't have any discussions. Thank you so much. I will start watching your old videos until the latest❤️
No worries, best of luck with your studies!
nice job!! I liked the visuals & graphics. good clear & simple explanation
Thanks Tina! Those graphics take a long time to make so I'm glad you liked them
I graduated with my accounting degree back in 2008 and your videos are a very good refresher!
It definitely helps to go back to basics from time to time. Cheers!
It was amazing.
Plz explain depreciation,provisions and Reserves
Thanks for your suggestion! A few people have been asking for the same topics so I will make sure to cover them in the future 👍
I've been struggling to understand debits and credits since my first accounting class this is the first time it's been explained and visually shown in a way that it really clicked for me. Thank you so much for making this video! You've gained another subscriber!
Nice one Sarah! Debits and Credits can be so confusing. Glad they are making sense now
I am getting a %100 in my financial accounting class iA this year.
I hope so! Good luck!!
You are the one who really wants us to learn and so you make everything which can be understood by everyone in need and love the way you reply to all the comments👍
Accountancy is easy when we learn from someone like you...
Blessed to find your channel ❤️
Glad you're finding these helpful! All the best :)
Hi James, thank you for always uploading such useful stuff I am completely lost at school. You helped me a lot for my previous test, thanks again..
We are now on the topic « TAX ACCOUNTING » could you do something on that too pleeaaaase 🥺
Thanks for your suggestion!
I was looking for a channel like this. Thanks for the helpful info.😁👍🏽
No worries, hope it helps!
So helpful! Thank you
No worries :)
man you made my life easier! ive read counless of articles online but still struggle understanding accounting stuff fully. this is highly recommended to my friends and colleagues. subscribed and liked all videos. hope this helps spread your videos, thanks man!
Legend, thanks for all your support! I'm glad to hear that vids are helping you out
Great stuff James - I'm an accounting dummy and this makes it really clear.
Thanks Eddie!
Its great James - of course its Alison commenting. Eddie is no accounting dummy.
Haha good to know Eddie is all over this. Thanks Alison!
My goodness. This whole series is SO helpful. The stuff our school gives us is not nearly this good. This series is such a great primer. Can't thank you enough for doing this!
Cheers Kris! All the best :)
My Accounting teacher played us one of his videos and she said that he's attractive😭
😭😩✊😂
a year ago when i just started my college i did not pay attention to the basics and it was really troubling me now thanks fro the help
No worries, let me know if there are any topics that you're having trouble with
Thank you, thank you, thank you! You just made everything "click" for me. 😄
Cheers Kelly, great to hear it's making sense
Thank you so much James! Just to support some English. For anyone who doesn't know "mark up" means, "mark up" means increased price of goods. From 3:00 in the video, there is "60% mark up on cost". The cost is $5, the increased price is $3 ($5*60%), which means the "mark up" is $3. Therefore, the original cost is $5, the mark up is $3, the sale price is $8.
Hope it helps! And correct if I were wrong.
really helped to understand
@@crismejeli2082 Thanks Cris!
I got confused on the 60% mark up on cost part, would someone be able to clarify it for me?
Apologies, I should have been clearer... A Mark Up on Cost is the difference between the Selling Price and the Cost of Goods expressed as a percentage of the cost. So if the Goods costed $5 then then a 60% mark up would mean $3 of profit (60% x $5) which means the total selling price is $8
Best accounting channel on UA-cam! Thank you James
Thanks for your kind words!
For easy reference:
0.75x playback speed
Thank me later ;)
I'm so happy I found your channel I could cry. I'm trying to go back to school to provide for my daughter and my teacher only reads out of the book. I feel like I can actually do this now. Much love from Texas!
Jus like a re breather of my high school Accounts
I hope it helped you refresh your memory
man i just started the university and i’m studying this stuff: you are saving my life thank you so much!!
No worries Jean, good luck with your studies!
What is the cost for popcorn and where does it come from ? 🤷🏼♀️
The popcorn was his own equity, he takes it by himself to the company (no Cost/Liability).
U might notice he credited the Owner Equity when he added the Popcorn as Inventory.
it has become crystal clear! thank you!
That is great to hear!
could you do an income statement please
Will do!
Thanks for such a great explanation for all this principle that I had hard time understanding at first. I would like to watch more of your videos and recommend your channel to any other friends who want to learn accounting!
how on earth someone dislike this vid!😞
Thanks a lot James. Your videos are so helpful. Was wondering if you got videos for accounting for partnerships and non-profit making organisations?
Hey Njuguna, I'm afraid I don't at the moment. But thanks for suggesting them to me!
are we gonna ignore the fact that you never blinked lmao.
I never blink.
@@AccountingStuff I have seen it in other videos!
Thank you so much!! I've sampled MANY youtube accounting videos but always find your videos to be understandable, clear and concise!!! You are my go to (youtube) guy for understanding accounting principles!!!!!
Thanks Lynn, glad you're finding these helpful :)
Thank Mr.AccountingStuff. You are a good man and this is a great playlist.
Cheers Joe, that's kind of you to say!
Thank You for helping me understand accounting.Your videos are great!
You should be a teacher! You have the gift to help others understand the information clearly.
No worries Elizabeth! I'm happy to help :)
Have tried to learn this for so long!......I finally get it! 100% subscribed 🤗
Wooo! Glad it's making sense. Thanks for the sub :)
The best explanation I've listened to so far. Thank you.
Cheers, I'm happy to help!
Hello, I'm an undergrad about to take accountancy in university this year and discovering your channel is probably the best thing that happened during quarantine. Really appreciate what you do. Keep it up man, you earned a sub :)
Cheers Peter, I'm happy to help! All the best with your studies
You are my hero dude. Thank you so much, you've simplified accounting for me and I'm getting a better idea. I'm taking intro accounting and I'm lost but you saved my life bro. THANK YOU!!!!! Subscriber 4 life!!!
Great to hear that you're finding these vids helpful!
I love the way you explain things. You make it so much easier to understand. Thanks for this video! Looking forward to checking out the others.
Thanks Shamz! I'm glad you enjoyed it. Hope you're keeping safe
Thanks 😃 my school teachers don't even show interest in teaching 🤗 this helps
Explained it better than my old accounting teacher! Wasted 2 years for nothing but within 4 mins learned so much from you, Thank youuu! Excellent!
No problem, glad you found the video useful!
I'm currently watching these videos because my small company has asked me to help with the accounting, and it's been tricky until now - you are amazing. Super informative videos, very accessible and incredibly helpful as a series. A thousand times thank you for producing these videos.
Thanks! Happy to help :)
Thank you so much, currently using WileyPlus for an online summer course and am basically having to teach myself. Had no clue what was happening in chapter one, found this, and everything clicked. Will be using you for future learning
No worries Braden! All the best with your studies
I'm taking accounting courses right now for my Bachelor's and your videos are saving the day!! I've been trying to understand debits & credits for hours now and the more I watch your videos the more it makes sense. I'm gonna keep watching but I had to say thank you for this!!
Great to hear it's clicking for you :)
This is by far the best accounting / finance related video I have ever watched.
That's kind of you to say!
oh...and I also have to say. I used to love my PAPER general ledger and t-accounts! The rules and concepts are all familiar, but Now I have to learn the technology! :-) Thank you!
I've spent the past hour reading up various definitions to figure out how this formula works.. like how can your liabilities be considered assets?
But after watching your video, it all makes sense. Everything balances out and that's how it works :)
Great to hear it's making sense!
Shirt! I spent 4h to learn all of this in 2 chapters of Survey of Accounting and you made it all clear with a 5min video? You are a life saver!
Great to hear it's making sense!
This link came up on my browser when looking into something about accounting. I clicked on it just for fun and out of curiosity. I have a Bachelors in Business with a concentration in accounting and have never in my life seen this so simplified. Great job! I am subscribed!
Cheers Edward!
Accounting has been a rabbit hole to me til I watched your videos
Thank you very much
No worries Naly, you're very welcome
I have test in a couple days and these videos are what I'm bringing rn, super helpful ty !!
Finding you now on my new journey of obtaining my MSA! Thank you for all that you're doing/done to teach others!
BEST, Absolutely best examples and explanation of a balance sheet. I'm not an accountant and I'm trying to determine what goes where on the balance sheet (I mean, the current and non-current/ liability and equity spaces), and this video has made it very obvious. I'm still going to need more training but I've got to say, no one made a better example/ training on UA-cam like you. Thank you.
These videos are getting me ready for an accounting exam. Where have you been all semesterrrrr
Thanks for the video. I was getting really tired of some trying to explain a balance sheet by just droning on that a balance sheet must balance because that's why it's called a balance sheet; like it's some sort of cult. With your explanation and examples I can see some purpose behind it and get a grip on what's going on in it. Cheers
No worries Phil! For more on the Balance Sheet you can check out this one... ua-cam.com/video/YZyBSU6YdmM/v-deo.html
Awesome video man. Read this part of my textbook 5 times without getting it. Subscribed
Glad to hear it!
Wow. That example was really helpful. Just seeing the breakdown of each transaction made the equation much more palatable.
Glad it was helpful!
This is the best and most concise explanation I've seen on here. Amazing Job!!! Thank you so much
Cheers Cesar!
Hey there! LOVE these videos. I am in university now, planning to become an accountant. I sometimes think this is an impossible task. You are making it easier for me and for that thank you so much.
SUGGESTION: Can you do a video on the foundational principles (and examples of each).
By this I mean 1) recognition and derecognition (economic entity, control, revenue recognition, matching ) 2) measurement (periodicity, monetary unit, going concern, historical cost, fair value), 3) presentation (full disclosure)
This may be too much for one video, maybe a three-part series??
Thanks for the great content and I hope you keep it up!!!
Thanks Mel, all the best for your uni course. Hope it goes well! Thanks for your suggestions, I will keep those in mind for future videos. Cheers!
Quite literally fantastic! I wish I could explain how effective your explanation was
Thanks Andre, hope it's making sense!
Thanks James. You've explained the backbone of the entire accounting system so well... Keep it up
Cheers buddy!
I have watched tons of videos and read lots of books to just understand the same amount of knowledge this video COVERS IN 4 MINUTES .. YOU ARE THE BOSS
Thanks, glad you found it helpful!
I don't you understand how helpful this is to me during my accounting class. thank you so much
No problem Joshua, hope your studies are going well :)