Wow! I'm taking accounting now and I was so lost. This literally saved me! I didn't think I was going to make it through the course but now I'm so much more confident. Thank you for these videos!
Professor Tony Bell. Your accounting video instructions are excellent. You have helped me so much. you are a rare teacher who goes above and beyond sharing your knowledge, and experience. God bless you.
I’m making a career change from industrial engineering to accounting by getting a masters in it and these videos are helping me be less nervous about this change. Very understandable, this seem like something I would love to do actually I would love to do it. Thank you for posting these.
Thank you sir for your examples. i have prepared financial statements for over 40 years as a controller but they were all generated within accounting programs. I appreciate your examples and comments and like your presentation. Thanks a lot. Don Sylvester, Houston, Texas
I was scared of this upcoming exam I had because I had no clue what went into the financial statements. I always viewed as difficult, but this helped TONS!!! I understand it and I am no longer scared
Thanks for this amazing video. My question is what if the company issue or repurchase any common shares during the year will it be subtracted from the $60000 before including our net income 2) is it compulsory that the total has to be the same when the common share and retained earnings are added together. Thank you
Hi! The number is negative because it’s a reduction of retained earnings. Meaning, the company is paying its dividends/shareholders 300. The company no longer owns 300. Therefore, it’s deducted or “negative” or “subtracted”. Hope this helped a bit
Hi, Mr. Bell! I really appreciate your videos. I was wondering if could you please explain what shareholders equity and common shares are again. For some reason I can't get a hold of the meaning. Thank you in advance!
The difference between assets and liabilities are shareholders equity, in simpler words if a company sells all of its assets and pays all of its debts, the remaining money is called shareholders equity.
They'll be a little different - mine has Common shares and retained earnings and dividends, yours will have owner's equity/capital, and withdrawals. They serve the same function and are very similar (in an intro class), but you'll want to follow your own textbook for this bit....
So would a retained earnings statement look something like this: Sherry's Shuttles Retained Earnings Statement For the Year Ended, Dec. 31, 2024 Retained Earnings, Jan. 1, 2024......$10,000 Net Income......20,700 Dividends.....(3,000) Change in retained earnings......17,700 Retained earnings, Dec. 31, 2024......$27,700
2024, now learning accounting. really good explenation, super video
Wow! I'm taking accounting now and I was so lost. This literally saved me! I didn't think I was going to make it through the course but now I'm so much more confident. Thank you for these videos!
Professor Tony Bell. Your accounting video instructions are excellent. You have helped me so much. you are a rare teacher who goes above and beyond sharing your knowledge, and experience. God bless you.
I’m making a career change from industrial engineering to accounting by getting a masters in it and these videos are helping me be less nervous about this change. Very understandable, this seem like something I would love to do actually I would love to do it. Thank you for posting these.
Thank you sir for your examples. i have prepared financial statements for over 40 years as a controller but they were all generated within accounting programs. I appreciate your examples and comments and like your presentation. Thanks a lot.
Don Sylvester, Houston, Texas
Your class is amazing. I'm prepared to join you once I've watched all your videos that you post. Thanks, Professor!
Mehn, I'm super blown away! Can't even think of another way to learn accounting as an entry-level entrepreneur😅 without you Prof. Thank you so much
Honestly I’m so grateful for these videos
alright going into my first accounting exam I feel really confident because of this guy
I was scared of this upcoming exam I had because I had no clue what went into the financial statements. I always viewed as difficult, but this helped TONS!!! I understand it and I am no longer scared
It is so useful for my exams about f3 at the university 😊 thanks a lot
Thanks for your tutorials
You are gonna save my semester
Content made simpler ❤
You make it look so easy! Thank you so much for this videos
The video is so helpful with uni accounting courses!
U-UNI?? Im doing this in 10th grade wtfff
Thanks for making this video! It would be helpful to see what these examples look like in the financial statements (in excel).
He's amazing.
Thanks for this amazing video.
My question is what if the company issue or repurchase any common shares during the year will it be subtracted from the $60000 before including our net income
2) is it compulsory that the total has to be the same when the common share and retained earnings are added together.
Thank you
"ACCOUNTING MADE EASY" periodtttttt!
you are the best thank you techear, i usually make like before watching the video thank you again
Thank you very much for your video lessons
Nice income Statement, I would apply the word "Total" to identify the yearly/monthly totals for Shutle Revenue.
Thnx prof but please explain the issue and repurchase of common shares..what it means
Love your channel .... very informative
Could you please make vedio about accounting cycle for a company comprehensive transactions and how to record them ending with closing entries ?
Shouldn't the total for retained earnings be 37,400? Or do I keep it the same?
Love from saudi arabia
what is the number $87,700 tell? it is the total equity for the end of the year? why the statement needed?
yooo thanks man ur sick wit it
Hello sir, just a quick question why is the reducti dividend (3000), why is this number negative?
Hi! The number is negative because it’s a reduction of retained earnings. Meaning, the company is paying its dividends/shareholders 300. The company no longer owns 300. Therefore, it’s deducted or “negative” or “subtracted”. Hope this helped a bit
@@Heyitsmaria24 it really did help thanks a lot 🙏🏽🙏🏽
Equity? More like "I can't wait for the" next video in this series, because I'm sure I'm going to learn even more useful stuff!
Hi, Mr. Bell! I really appreciate your videos. I was wondering if could you please explain what shareholders equity and common shares are again. For some reason I can't get a hold of the meaning. Thank you in advance!
The difference between assets and liabilities are shareholders equity, in simpler words if a company sells all of its assets and pays all of its debts, the remaining money is called shareholders equity.
These are amazing thank you
So common shares is the money made from selling outstanding shares of stock? During this period of time? It’s not 60k in stock. Is that right?
Correct - it's $, not # of shares.
Thank you so much!!
Thnx prof, but why prefered stock is not mentioned here.
He mentioned in a previous video that since it’s a beginner course, he doesn’t use them in his class room but it may be different in others
do you speak in the future videos about the IFRS standard? Or only the FASB standard
thank you how will I egt to the members stuff again?
thank you, much appreciated
was the "add" and "deduct" like little notes for us? or is that included in the statement. Sorry if this is a dumb question
Yes we do include them - good question!
@@Tony-Bell Thank you for the quick reply. I appreciate it.
what would happen to the common shares if the company is listed? Does the value change?
Common shares on the financial statements don't float up and down with changes in the stock markets.
you are awesome
Awesome contents
i thank to you very much teacher
Hi Professor, I just have one question, is the Statement of Owner's Equity just another name for the '' Statement of Changed in Equity'' ?
They'll be a little different - mine has Common shares and retained earnings and dividends, yours will have owner's equity/capital, and withdrawals. They serve the same function and are very similar (in an intro class), but you'll want to follow your own textbook for this bit....
@@Tony-Bell Thank you !
Why it is good result? It it because the retained earnings were 10k at the beginning of the year and now it is 27.700?
When did he say it's a good result?
If you could please mention when he says this, that'd be great.
@@anaf5784 6.12 you can check
@@sedatime5541 Oh, by "good," he just means "accurate" here. As in he'd get an A+ on it if it were a test.
thanks!
So would a retained earnings statement look something like this:
Sherry's Shuttles
Retained Earnings Statement
For the Year Ended, Dec. 31, 2024
Retained Earnings, Jan. 1, 2024......$10,000
Net Income......20,700
Dividends.....(3,000)
Change in retained earnings......17,700
Retained earnings, Dec. 31, 2024......$27,700
Made easy
See you next week - so happy you're getting a head start!
Why is office supplies not an Expense?
Check this video from the 6 minute mark - I explain when supplies are an asset and when they are an expense: ua-cam.com/video/rzwVmTo53qg/v-deo.html
Wow that's great
Is that an American or British approach?
THANKSSSSSSSSSSSSS BROTHERRRRR
should nt it be january 2023 ?
holy fuck what did I get myself into
6:16