WOW! Where have you been all semester? I've struggled for weeks through accounting, and finally I actually learned SOMETHING. Thank you Thank you Thank you. Love your style of teaching and your humor.
Thanks for the kind words, Jennifer! We're so glad you found us and we hope to help you in other accounting topics as well! Best of luck in your studies! :)
Glad we could help you out! We also offer a fresh start discount if you want to switch! Or you can supplement a single section course for just $399. :)
@@UWorldAccounting I sit for FAR in two weeks. I just may take you up on the offer! Wiley has the most dry, non-stimulating, and unhelpful content. I thought I would love the short lessons, but essentially, they are just reading from the text. The way they teach, the content just doesn't stick.
+Galaxy on7 yeah, hes looks beter than mine who is qualified CPA, ACCA, ACA. All he does is come to the class and give lectures shouting his lungs off and throw some material on my face..lol...funny
Hi, at 27:00 you have Account payable with a Debit balance. Since Accounts Payable is a liability account, it should have a credit balance. The credit balance indicates the amount that a company or organization owes to its suppliers or vendors. Sorry i Got confused on that.
Great question. Remember that since A/P is a liability account, increases in A/P show on the credit side and decreases show on the debit side. In this example, A/P had a debit balance meaning that payables went down, because everything was paid off from the current year plus the previous year. He starts to explain it further at 27:30. Let us know if this clears up the confusion and thanks for watching.
Proceeds from the sale of L/T investments is $135 and Proceeds from the sale of PP&E is $350 which equals $485. At 15:18 - it starts the calculation of the sale of the L/T investment. The L/T investment on the balance sheet was a $100 change. It was sold for $135 (cash which goes on the cash flow statement) and the gain (credit) was $35. At 18:53 - it starts the calculation of the sale of the PP&E. Building cost was $600. It was sold for $350 (cash which goes on the cash flow statement). There was no gain or loss, because the plug was acc depr which was on the balance sheet at $250 ($600-$250 = $350). Does this explanation clarify things? Let us know! Great questions and thanks for watching!
Great question, Linh Trinh! Go to this time stamp to watch what happens with the gain: 16:50 - As you will see, the gain of $35 was subtracted, because the gain was double counted. You'll see he erased the $35 by accident, but then placed it back on the board at this time stamp: 25:30 - Does this response answer your question? Let us know and thanks for watching!
We do not have videos on youtube regarding footnotes to financial statements at this time. However, we do explain footnotes thoroughly in our review software. Thanks for watching!
Hi, could you help me with a statement of cash flow with T-accounts. I cant seem to attache the document here. Is it possible to have your email. Thank you.
Hi Manjula! We have many videos on our channel related to preparing a statement of cash flows complete with T-accounts. Go to our channel main page and do a search using the words "Cash Flow". Here is a link to a video to get you started: ua-cam.com/video/G1-GdH3bXz0/v-deo.html.
WOW! Where have you been all semester? I've struggled for weeks through accounting, and finally I actually learned SOMETHING. Thank you Thank you Thank you. Love your style of teaching and your humor.
Thanks for the kind words, Jennifer! We're so glad you found us and we hope to help you in other accounting topics as well! Best of luck in your studies! :)
CPA - Certified pain in the a** ?? Hahah.. I just loved it !
This is my teacher favorite do method. I hope Roger can do VAT for Accounting
Looking at this step by step process of performing a SCF by Roger makes me regret getting Wiley. Glad I found this!
Glad we could help you out! We also offer a fresh start discount if you want to switch! Or you can supplement a single section course for just $399. :)
@@UWorldAccounting I sit for FAR in two weeks. I just may take you up on the offer! Wiley has the most dry, non-stimulating, and unhelpful content. I thought I would love the short lessons, but essentially, they are just reading from the text. The way they teach, the content just doesn't stick.
i want a teacher like him.. very intresting
+Galaxy on7 yeah, hes looks beter than mine who is qualified CPA, ACCA, ACA. All he does is come to the class and give lectures shouting his lungs off and throw some material on my face..lol...funny
Wonderful, caring man ! Thank you for sharing your knowledge.
Till the end of solution I say no no the result will not match 120 😂 till you did it! Realy impressive you're the best
This video saved my life. Thanks!
So glad this video helped you understand this topic better! Happy studying!
Roger you are the champ
Thanks! Glad we can help you study! #HelloCPA
You are so funny! I am a fan! I learned more from you than reading the text book 📚
Thank you a lot Mr Roger.
Thanks for watching! Glad we could help!
I already had your books it is really amazing and made me feel good to study
This is of great help. Thank you so much!
Our pleasure, Sandra! Glad we could be helpful! :)
Thank you so much, very helpful
You are very welcome! Thanks for watching!
Can't thank you enough for this!
It's our pleasure, Winnie! Our job is very rewarding when we can help students understand concepts. Best of luck in your studies! :)
Very good! Excelent. Thank You
No problem! Glad you enjoyed it!
He's the Jon Snow of accounting. Love him.
Thanks Gina! That's quite the compliment! We suppose that makes all his students members of the Night's Watch! :D
Thank you mr .Roger
+Yousif Ali Glad to help!
Hi, at 27:00 you have Account payable with a Debit balance. Since Accounts Payable is a liability account, it should have a credit balance. The credit balance indicates the amount that a company or organization owes to its suppliers or vendors. Sorry i Got confused on that.
Great question. Remember that since A/P is a liability account, increases in A/P show on the credit side and decreases show on the debit side. In this example, A/P had a debit balance meaning that payables went down, because everything was paid off from the current year plus the previous year. He starts to explain it further at 27:30. Let us know if this clears up the confusion and thanks for watching.
You are an angel!
Thanks for watching Cindy!
Thank you buddy
The math of the proceeds sold L/T Invest and the proceeds sell of P.P.&E don't equal to 485 but 465. Please clarify.
Proceeds from the sale of L/T investments is $135 and Proceeds from the sale of PP&E is $350 which equals $485.
At 15:18 - it starts the calculation of the sale of the L/T investment. The L/T investment on the balance sheet was a $100 change. It was sold for $135 (cash which goes on the cash flow statement) and the gain (credit) was $35.
At 18:53 - it starts the calculation of the sale of the PP&E. Building cost was $600. It was sold for $350 (cash which goes on the cash flow statement). There was no gain or loss, because the plug was acc depr which was on the balance sheet at $250 ($600-$250 = $350).
Does this explanation clarify things? Let us know! Great questions and thanks for watching!
Very helpful video, thanks for uploading :)
Glad you found it helpful!
how about the gain in operating and investing sections? Dont you subtract or add the gain??
Great question, Linh Trinh! Go to this time stamp to watch what happens with the gain: 16:50 - As you will see, the gain of $35 was subtracted, because the gain was double counted. You'll see he erased the $35 by accident, but then placed it back on the board at this time stamp: 25:30 - Does this response answer your question? Let us know and thanks for watching!
nice video. do you have any videos which explains foot notes to exam questions? thx u.
We do not have videos on youtube regarding footnotes to financial statements at this time. However, we do explain footnotes thoroughly in our review software. Thanks for watching!
Thank you
Hi, could you help me with a statement of cash flow with T-accounts. I cant seem to attache the document here. Is it possible to have your email. Thank you.
Hi Manjula! We have many videos on our channel related to preparing a statement of cash flows complete with T-accounts. Go to our channel main page and do a search using the words "Cash Flow". Here is a link to a video to get you started: ua-cam.com/video/G1-GdH3bXz0/v-deo.html.
Hi , Where would i find the question which is explained ?
Hi there. if you are a Roger CPA Review student, you would have access to the question in your corresponding course lectures and eTextbook.