@@shaheedalhelal Hey Shaheed, I've just put up a vid covering practice questions on Debits and Credits --> ua-cam.com/video/yCOZ7aylC0c/v-deo.html Give me a shout if there are any other topics you would like me to do questions on as well
This is the best explanation ever!!! I literally sat there reading my textbook for 15 hours yesterday and I could NOT make any sense of this. Then in this 7 minute video you just made everything click together. Thank you so much. You are a phenomenal teacher.
you bricked it down to the core living out of it good presentation and examples. that's how everybody should teach, once they fully understands something, not like other 45m videos to explain simple thing by pure ranting .
I'm so happy I found your channel. You are the reason why I will pass my accounting class. My teacher is awful, so everything I'm learning, I'm learning from you. Thank you so much.
I hold a BSc in Microbiology, but having worked in the banking sector, I developed an affinity for Finance and decided to pursue a masters degree in Finance, it was really tough and challenging for me until I came across your channel. Thank you so much ( I wish you could create an A to Z terms in Finance and Accounting)
Yes! Please make practice question videos. You have made my job of bookkeeping for my new business a hell of a lot clearer! Thank you....Can't wait to learn more.
Hey Joanna, I'm glad you are finding some value in these! Yes, I am keen to make some videos on practice questions. Are there any areas that you would like me to cover?
Hey Joanna, the first practice question video is up --> ua-cam.com/video/yCOZ7aylC0c/v-deo.html. This one covers Debits & Credits. Let me know what you think? If there are other topics you'd like covered then give me a shout
I wish you were around when I was in school 5 years ago. Your ability to break down the concepts behind why accounting works the way it does is so exciting and fun to watch. I can't get enough! Thanks.
I would not be passing my accounting class if it weren't for your videos! Not only am I passing, I have an "A" so far. Thank you for making videos that are so clearly stated and fun to watch! I learn more from your short videos than in my instructor's PowerPoint presentations. You are amazing!
Learning accounting for my finance MSc (where I have no background in finance), these videos are so much easier to understand and helping me a lot! Thank you so much
I work in a small charity transitioning from cash to accrual. I have no accountancy background (working with operational data most of the time) so this was a really useful overview to skill me up for meetings. Thanks!
So happy I found this channel! Your videos are definitely going to help me get down the basics as I am currently taking my first Accounting course at University!
Thank you so much for your videos! You would not believe the anguish I have endured trying to get through my accounting class! Your videos have been a godsend. And hopefully, help me pass my final this next week! Many teachers (including the boring man I watch videos from) could really learn how to teach from your style!
bro i have a term exam i understand the concept of basic acccounting because you are presice and your vidieos are informative and intersing at the same time
God bless you whoever you are and wherever you are. Your explanation is magic i never got this from my professors or books. You made is simple. You are excellent
Hi James, if you go to 4:05 in the video you can see it's blank in AB in September for expenses. What if you continually buy loads and loads of supply in a month only to have not seen your continually increasing expenses till the next month or the month after that because the product has not yet been sold? Then, what if your product does not get sold out because the consumer reneges on the deal. I see this is a disadvantage of AB, but how do you deal with this if you use AB? (accruals basis) Also, can you confirm that this is a disadvantage of AB, that if consumers renege on deals, businesses are screwed due to no logging of expenses?
Nevermind, I see that revenue is also, on the flipside in generation, only ecognised as transactions occur therefore you won;y buy that much till you actually have laready made sells
You've spotted a major risk in the balance sheet. Anything that is recognised as an 'Asset' is a debit which needs to be justified. If an Asset isn't expected to bring any future economic benefit then the debit should be transferred to the income statement i.e. written off as an expense. In reality business's make provisions against inventory that could potentially be obsolete and eventually write them off
@@AccountingStuff Thanks for this video. I'm just also wondering what happens under the accruals basis if you have stock you buy and expect to hold and sell in the medium to long term. Is there a particular way you can record this so that you can claim the expense in the immediate term rather than months and years ahead?
This guy is doing a great job , for students who came from a engineering background , its soo hard for us to understand accounting but he makes it seem so easy , thank you , best wishes
@@AccountingStuff killing it so far with 94% I am a visual so your videos really help (books alone are not enough) + you have a great energy. Thank you so much for your hard work. I definitely appreciate it big time. Cheers.
Wooow! I am beyond amazed as to how well you made this presentation and how easy to understand this video was. I am an accountant but, I used to tutor accounting for the college I attended to for 3 1/2 years and very few people can understand and explain how accounting really works. I really enjoyed your video. Great job! 👍👍
You are really genius Master. Especially your words and structuring of ideas are very encouraging for weak students of accounting like me. I very eager to follow those videos to come which will hopefully cover practice sessions. Thank you again
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
My Financial adviser is ‘’Jackson Sten Marsh’’ he’s highly qualified and experienced in the financial market. He has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching he credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Definitely would like to see practice problems worked into the videos. The videos are beneficial even without the practice problems, but they'd be even better with them! Thanks and keep up the great work!
Great posts. Very useful. I am a student, just starting in accounting and have learned a tremendous amount from your super easy teaching methods. Keep posting, please.
Heya, I've put up a vid on Debit & Credit practice problems --> ua-cam.com/video/yCOZ7aylC0c/v-deo.html Please let me know if there are any other areas you would like me to cover?
why was the expense not recorded in September, because that's when the substance of the transaction occurred? Which transaction - the transaction of purchasing material for the cake?
Thanks this vid really help me alot I just started accounts and I didn't know what exactly to do but I think i have a better idea of what to do thanks alot
Hi James. I found your videos two days ago and have been binge watching ever since. I'm a new bookkeeper and am learning so much from you. I have a question about my client who owns a restaurant. She wants to use the accrual basis for her books, she's an S Corp, and her CPA files income tax on cash basis. My question is this: at the end of a month if she buys a big order of food ingredients, how can I possibly know how much of that food is used for meals sold that month vs. meals sold in the first week of the next month? Do people really do that. She buys so much food and beverage and if it's done late enough in the month you can bet that some of it gets used in the next period. How do people do that? Thank you.
@@AccountingStuff @Accounting Stuff I have gone through most of your videos regarding accounts and really felt good as you have provided very good information in the simple way, but sir , my request is after each and every video if you can attach practical questions it will be highly useful for many of the people. Please do the needful.
Who would be interested in some videos covering practice questions on each topic?
intrested =^>
@@shaheedalhelal Thanks for watching, I'm putting out a video on practice questions on Monday :)
@@shaheedalhelal Hey Shaheed, I've just put up a vid covering practice questions on Debits and Credits --> ua-cam.com/video/yCOZ7aylC0c/v-deo.html
Give me a shout if there are any other topics you would like me to do questions on as well
Yes, longer videos would be great.
Interested
This is the best explanation ever!!! I literally sat there reading my textbook for 15 hours yesterday and I could NOT make any sense of this. Then in this 7 minute video you just made everything click together. Thank you so much. You are a phenomenal teacher.
Great to hear it's clicking for you!!
same , here , because for him , it take way more than 15 hours to make the video , so we can very much gain the knowledge in just short period !
you bricked it down to the core living out of it good presentation and examples. that's how everybody should teach, once they fully understands something, not like other 45m videos to explain simple thing by pure ranting .
Thanks mate, I do my best to value your time and keep these as short and concise as possible. All the best!
I'm so happy I found your channel. You are the reason why I will pass my accounting class. My teacher is awful, so everything I'm learning, I'm learning from you. Thank you so much.
I'm so glad I found your channel!!! Started studying accounting and this really helps cuz I'm a visual learner!! Thank you so much!
No problem Deanna, I am also a visual learner so can appreciate the struggle with textbooks etc. All the best
I love your video production man! Great content making job!
Thanks buddy!
I hold a BSc in Microbiology, but having worked in the banking sector, I developed an affinity for Finance and decided to pursue a masters degree in Finance, it was really tough and challenging for me until I came across your channel. Thank you so much ( I wish you could create an A to Z terms in Finance and Accounting)
Yes! Please make practice question videos. You have made my job of bookkeeping for my new business a hell of a lot clearer! Thank you....Can't wait to learn more.
Hey Joanna, I'm glad you are finding some value in these! Yes, I am keen to make some videos on practice questions. Are there any areas that you would like me to cover?
Hey Joanna, the first practice question video is up --> ua-cam.com/video/yCOZ7aylC0c/v-deo.html. This one covers Debits & Credits. Let me know what you think? If there are other topics you'd like covered then give me a shout
I wish you were around when I was in school 5 years ago. Your ability to break down the concepts behind why accounting works the way it does is so exciting and fun to watch. I can't get enough! Thanks.
No worries, I'm happy to help!
I would not be passing my accounting class if it weren't for your videos! Not only am I passing, I have an "A" so far. Thank you for making videos that are so clearly stated and fun to watch! I learn more from your short videos than in my instructor's PowerPoint presentations. You are amazing!
Hey Bonnie, it's great to smashing your accounting classes! Keep up the good work :)
Would love to go through some examples of expense and revenue accrued! Also the reversal of them 😊
Here you go... ua-cam.com/play/PL5zKSeS09l31dhHvwhS4sVjcckQSPGqtp.html
I just watched five videos on this topic for school and this was the most clear example.
Thanks Scott, hope it's making sense :)
Learning accounting for my finance MSc (where I have no background in finance), these videos are so much easier to understand and helping me a lot! Thank you so much
Great to hear you're finding them useful!
I work in a small charity transitioning from cash to accrual. I have no accountancy background (working with operational data most of the time) so this was a really useful overview to skill me up for meetings. Thanks!
Best of luck with the transition!
my 3 hour lecture was summed up in 6 minutes. just sent you thank you cash. amazing
Great to hear it made sense :)
Thanks!
Legend! Thank you!!
Thank you so much for your videos! I am in my first year of an accounting degree and I would not have made it through the basics without your channel
You are an answered prayer to accounting students like me. Thank you so much ❤
You're welcome, I'm happy to help!
I am so happy that I discovered your channel. I was having such a difficult time in accounting and this is really helping
Hey Natasha, sorry to hear that you've been having trouble it. I'm glad that the videos are helping. All the best with your studies!
You don't only explain beautifully but also the video quality (editing, sounds, production) is amazing.
Thanks, I'm glad you enjoyed it :)
So happy I found this channel! Your videos are definitely going to help me get down the basics as I am currently taking my first Accounting course at University!
I hope so - Good luck with your course!
Thank you so much for your videos! You would not believe the anguish I have endured trying to get through my accounting class! Your videos have been a godsend. And hopefully, help me pass my final this next week! Many teachers (including the boring man I watch videos from) could really learn how to teach from your style!
Hey Marie, best of luck in your final exam!!! Hope it goes well :)
Professor James, Thank you again haha. I literally watch your videos before i review my lecture material. Helps me understand 100x faster.
Great to hear it's making sense! All the best in your studies :)
Your videos are so helpful! This is my first time taking an accounting class and you're helping so much!
Cheers Jennifer! Hope your studies are going well :)
Easy and Simple...!!! Thanks a ton...!!!
bro i have a term exam i understand the concept of basic acccounting because you are presice and your vidieos are informative and intersing at the same time
Good luck in your exam!!
Have my first exam for Accounting tomorrow morning worth 250 points and I was really confused on this chapter. Thank you for making videos like these.
Good Luck Jocelyn!!
Great explanation !! Thank you!!!
You saved a Chinese business student! Thank you so much
You are welcome, it's great to hear that you found it useful
Really helpful. Thanks. Keep it up.
God bless you whoever you are and wherever you are. Your explanation is magic i never got this from my professors or books. You made is simple. You are excellent
You are a great teacher.
Yes please do the practice questions!
You are an accounting god!!! Is there any online classes with you?
Currently reading publication 535 and this was really difficult to grasp but your video really helped. Thank you 👏🏽
Hi James, if you go to 4:05 in the video you can see it's blank in AB in September for expenses. What if you continually buy loads and loads of supply in a month only to have not seen your continually increasing expenses till the next month or the month after that because the product has not yet been sold? Then, what if your product does not get sold out because the consumer reneges on the deal. I see this is a disadvantage of AB, but how do you deal with this if you use AB? (accruals basis)
Also, can you confirm that this is a disadvantage of AB, that if consumers renege on deals, businesses are screwed due to no logging of expenses?
Nevermind, I see that revenue is also, on the flipside in generation, only ecognised as transactions occur therefore you won;y buy that much till you actually have laready made sells
You've spotted a major risk in the balance sheet. Anything that is recognised as an 'Asset' is a debit which needs to be justified. If an Asset isn't expected to bring any future economic benefit then the debit should be transferred to the income statement i.e. written off as an expense. In reality business's make provisions against inventory that could potentially be obsolete and eventually write them off
@@AccountingStuff Thanks for this video. I'm just also wondering what happens under the accruals basis if you have stock you buy and expect to hold and sell in the medium to long term. Is there a particular way you can record this so that you can claim the expense in the immediate term rather than months and years ahead?
Your videos really helped me a lot . Thanks for sharing such useful videos .
I would really appreciate longer videos with practical exercises.
Thanks for your request!
These video's are very useul James, keep them coming
Thanks, that's great to hear!
This dude is the MVP. Thanks you sir!
You're absolutely the best! Thank you man!💪💪💪
these videos and playlist are epic!!! your a lifesaver!
Cheers James, I'm happy to help!
your videos and al your lectures really help me while having deep problems in my accounting...
thanks a million for your hard working ..
Concise explanation. Thanks
thank you so much, you explained this waaaaay better than my lecturer did.
Cheers Alex!
Love the way you talk.
This guy is doing a great job , for students who came from a engineering background , its soo hard for us to understand accounting but he makes it seem so easy , thank you , best wishes
Thanks for your kind words!
@@AccountingStuff keep up with the good uploads 😋 ,
Your videos are life savings to me. I always watch them before I start an exam on a particular subject.
Thanks 🙏
Glad to hear it! Hope your exams are going well :)
@@AccountingStuff killing it so far with 94%
I am a visual so your videos really help (books alone are not enough) + you have a great energy. Thank you so much for your hard work. I definitely appreciate it big time. Cheers.
@@VA-jf5pb Thanks awesome, congrats!!!
I had a great time learning accounting with you today. Thanks a lot
Cheers buddy :)
Love your teaching method
Thank you!
Wooow! I am beyond amazed as to how well you made this presentation and how easy to understand this video was. I am an accountant but, I used to tutor accounting for the college I attended to for 3 1/2 years and very few people can understand and explain how accounting really works. I really enjoyed your video. Great job! 👍👍
you made this easy to understand. thanks
Yes examples would be very useful
Great staff, im just on my way to learn ACCA Financial Accounting and found ur channel here hope ur videos will help me
I hope so too! Good luck with your studies
You are really genius Master. Especially your words and structuring of ideas are very encouraging for weak students of accounting like me. I very eager to follow those videos to come which will hopefully cover practice sessions. Thank you again
Thanks Sunny! It's great to hear that you're finding the content helpful. I plan to release many more soon
I love that you make account so much fun♥️
No worries Rosemarie, I'm happy you are enjoying it!
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
My Financial adviser is ‘’Jackson Sten Marsh’’ he’s highly qualified and experienced in the financial market. He has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching he credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.
Very good explanation. Thanks.
Cheers Ionut!
longer videos and practise questions would be a great addition these awesome videos!
Cheers Katriina!
Thank you, subscribed for more accounting stuff!
It will be really useful to solving more problems
Glad to hear it!
This is SO helpful, THANK YOU!!!
Cheers, you're most welcome :)
I also support the idea of doing questions
Thank you dude! Your videos are so incredibly helpful it’s genuinely amazing
Cheers Nathan! All the best :)
You make accounting funny and easy! Keep up the good job
Thanks Dani, I'm glad you think so. All the best
Definitely would like to see practice problems worked into the videos. The videos are beneficial even without the practice problems, but they'd be even better with them! Thanks and keep up the great work!
Thanks for the feedback Mark, I'll bear that in mind for future videos!
Brilliant video background, concept is simply presented. Thanks
Cheers Salman!
Thank you
Your teaching method is amazing
Cheers Eva :)
Great stuff. Make more please
Thanks for the understanding bro.
Thank you for your work , it’s very useful in my studies
No problem, best of luck with it all!
Great posts. Very useful. I am a student, just starting in accounting and have learned a tremendous amount from your super easy teaching methods. Keep posting, please.
Thank you! Great to hear that you are finding the videos useful. There are more coming soon!
THIS IS THE ACCOUNTING CLINIC🤗
Glad you're finding it useful!
Yes, I would be very interested in learning from videos covering practice questions for each topic!!!!😁
Thanks for your feedback! I've since made many "mini-quizzes" as shorts, but I can look into doing some longer quizzes :)
Thank you, very helpful
Great video ! Thanks a lot :)
great videos, thanks a bunch
Yes!! Practice problems please!!
👍Thanks KittySchmrl, I will look into making some
Heya, I've put up a vid on Debit & Credit practice problems --> ua-cam.com/video/yCOZ7aylC0c/v-deo.html
Please let me know if there are any other areas you would like me to cover?
Thanks for the video mate👍👍
You're very welcome :)
Your video is very helpful 👍🏻
Thanks Rajiv!
Thank you!!!!!!!!!!!!!!!!!!! SUPER helpful!!
very clear explanation, thank you!
No worries :)
great video man. youre a top bloke
Cheers mate!
why was the expense not recorded in September, because that's when the substance of the transaction occurred? Which transaction - the transaction of purchasing material for the cake?
Cool! I love the way you explain complicate methods, and the most important you master the subject. My congrats💯💻📖📚💲🗂📎📌📓🗒📆✏💡
Thanks Martha, all the best :)
Excellent! Thank you
Thanks :)
Yes, practice problems are the best!
Cheers Eric!
This is great!
Thanks this vid really help me alot I just started accounts and I didn't know what exactly to do but I think i have a better idea of what to do thanks alot
No problem Ravi! All the best :)
@@AccountingStuff thanks
yes i would like for you to show more in detail
keep up the tremendous content
Thanks!
Life saver, once again.
Hi James. I found your videos two days ago and have been binge watching ever since. I'm a new bookkeeper and am learning so much from you. I have a question about my client who owns a restaurant. She wants to use the accrual basis for her books, she's an S Corp, and her CPA files income tax on cash basis. My question is this: at the end of a month if she buys a big order of food ingredients, how can I possibly know how much of that food is used for meals sold that month vs. meals sold in the first week of the next month? Do people really do that. She buys so much food and beverage and if it's done late enough in the month you can bet that some of it gets used in the next period. How do people do that? Thank you.
this video slapped bigman
Make more videos on accrual accounting please and with examples on how to work it out
So when we buy the ingredients for 10 dollars, in the Accrual method we just pretend we still have those 10 dollars until we use them?
That would be so helpful indeed
Thank you very informative!!!
Thanks, that's good to hear!
You are a genius!!!
Thanks for your kind words :)
This video is really helpful to the most of the people. Please make video on Mortgage accounts.
Thanks.
Thanks for your suggestion Sireesha!
@@AccountingStuff @Accounting Stuff I have gone through most of your videos regarding accounts and really felt good as you have provided very good information in the simple way, but sir , my request is after each and every video if you can attach practical questions it will be highly useful for many of the people. Please do the needful.
@@sireeshai1788 Thanks, I'll see if it's possible