⏱️TIMESTAMPS 00:00 - Intro 00:17 - Balance Sheet Definition 00:33 - What is a Basic Balance Sheet? 01:15 - What is a Detailed Balance Sheet? 02:18 - How to Make a Basic Balance Sheet 05:11 - How to Make a Detailed Balance Sheet
Just wanted to say THANK YOU, a year ago I got a job because of you, as one of your videos ended-up having all the answers to the questions the interviewer asked me : D. I laughed inside during the interview as I said " this guy saved my a**"
You genuinely breathe life into your educational accounting content. It can be a pretty dry subject to teach and learn, but you have found the secret to making it exciting and easy to learn. Great job!
Bro my professor tells us to make group presentations and lets my classmates and I teach/present to eachother while he scrolls through tiktok😭 Like damn, if i knew this was the case, I wouldn't have enrolled and just go to the public library. Less time and money wasted
Damn, literally explained everything I needed to know about balance sheets in a 7 min video, waaaaay better than my uni lecturer did in 1.5 hours. Engaging, clear and concise!!! 10/10 from me. :)
I have spent hours and hours to learn Balance Sheet in a good manner. Finally, I found it 🤩 I have learned everything about Balance Sheet in this 🙌🏻 video that I needed 😌 Thank You so Much! 😍
I will be taking Accounting this spring for my MBA here in Canada and your teachings have been absolutely brilliant. I am certain to have the best result!!
Your videoes are life-saving. Also thanks for your book suggestion "The Accounting Game" which I enjoyed reading. It helped me a lot to with the basics.
James! Your videos are one of the most useful things in learning accounting! They have helped me a lot and I am very grateful for your channel! I wish all the bests to you! I hope this channel booms in popularity as anyone needs some basic accounting info to be financially literate!
Thank you for these videos, really makes a difference. Ive been taking business classes for years and these videos make me realize they dont teach hands-on experience. Thank you again
Im currently doing a Bachelor of Commerce (majoring in accounting and Corpfin) in Aus and I wanted to say that your videos are really helping me get through... you make such a dry subject more understandable and enjoyable! The visual learning really assists those like me who suck at auditory learning! Thank you so so much!
Hi, James. In 4:05 the Equity is 10,050. However, if I added three items in Equity is 1,050+11,050-1000 =11,100. So is it a wrong number? However, if I add all the Equity, Revenue, and Expenses as the total Equity, the answer is 20,750. It matches what you show in the video. Thanks!
@@AccountingStuff Thank you for your quick response. I have learned a lot from your channel. I really appreciate it. Hope you will produce more educational & professional videos. Best wishes.
You are awesome James! Keep up the great work man. These videos are an amazing substitute for my Accounting courses. It's crazy how you can clear up so many things that wasn't clarified by my teacher for Financial accounting.
Hi ! If for example at the beginning of year, I had total assets of 700000$, and total liabilities of 300000$. 1) If total assets decreased 60000$ and owner’s equity increased 190000$ during the year, what is the amount of total liabilities at the end of the year? Do I use formula L = A-(OE) ? Total liabilities would be 50000 ? (640000 - 590000)
Well, I think I've watched enough of your videos for this week of class for you to earn a sub. Thanks. Not sure if I'm doing it all to my professor's liking, at least I'm not totally lost now.
⏱️TIMESTAMPS
00:00 - Intro
00:17 - Balance Sheet Definition
00:33 - What is a Basic Balance Sheet?
01:15 - What is a Detailed Balance Sheet?
02:18 - How to Make a Basic Balance Sheet
05:11 - How to Make a Detailed Balance Sheet
seriously, you are my new favorite channel on youtube. can't thank you enough for all the time and effort you put into this channel!
Thanks
i have quetions please :) how do you get retained earnings values: 19700
Teacher how can I withrow my cash?
Literally the best teacher ever - thank you so much for all the support
Cheers Patrick!
Ikrrrr better than any of my teachers
Just wanted to say THANK YOU, a year ago I got a job because of you, as one of your videos ended-up having all the answers to the questions the interviewer asked me : D. I laughed inside during the interview as I said " this guy saved my a**"
Congrats on landing your job!!! That's amazing news. Hope it goes well :)
You genuinely breathe life into your educational accounting content. It can be a pretty dry subject to teach and learn, but you have found the secret to making it exciting and easy to learn. Great job!
Thanks for your kind words!!
Can you teach professor's how to teach?
If my professor is this interesting.
😂
lol same i feel you bro🤣
Professors are poor MFErs 😂
Bro my professor tells us to make group presentations and lets my classmates and I teach/present to eachother while he scrolls through tiktok😭 Like damn, if i knew this was the case, I wouldn't have enrolled and just go to the public library. Less time and money wasted
Damn, literally explained everything I needed to know about balance sheets in a 7 min video, waaaaay better than my uni lecturer did in 1.5 hours. Engaging, clear and concise!!! 10/10 from me. :)
Thanks! Great to hear you found it useful :)
I have spent hours and hours to learn Balance Sheet in a good manner. Finally, I found it 🤩 I have learned everything about Balance Sheet in this 🙌🏻 video that I needed 😌 Thank You so Much! 😍
Great to hear it's clicking for you!
Greatest teacher in world.
Learnt more in this video than I did in 4 months from my teacher.
Much appreciated!
true
thanks,this helped me alot for my upcoming test
That's great to hear! Best of luck :)
you helped me more than what I am being taught at university, making it so simple and straight forward. Thank you so much!!
literally have a financial accounting exam in a few hours and this was helpful! Thank youuu
Good luck!!!
@@AccountingStuff thank you! a lot of it came up so I’m very grateful for the amazing accounting vids😊😊
you dont understand how much I appreciate this video. Thank you.
Great to hear you found it useful!
wow you are the best teacher ever !!!! thank you !!!!
I don’t even know why you don’t open up a University …. You are spot on👌🏾👌🏾👌🏾👌🏾👌🏾
I will be taking Accounting this spring for my MBA here in Canada and your teachings have been absolutely brilliant. I am certain to have the best result!!
That's good to hear! Best of luck when it comes round :)
Your teaching methods are so simple and clear .. You are simply amazing !!!
Thanks, glad you enjoyed it :)
Wow ,this is the best explanation of balance sheet I ever received ,many thanks
Glad it was helpful!
You explained this better than my graduate professor. THank you so much
Thanks, great to hear you found it useful!
This guy deserve a million subscribers or atleast half a million. No kidding because he explain everything clearly and briefly. Keep it up
Thanks!!
This guy is better than my teacher, u're very good at what you do
Thanks for your kind words :)
My best teacher ever. You make accounting simple. Thank you so much.
Thanks!!
I enjoyed this so much. I am transitioning from Human Resources to Accounting and Finance. This has really helped with my understanding.
That's great to hear! All the best with your career change
Your way of describing is incredible
I just wanna subscribe your channel 1000 times
Thanks for help, the day after tomorrow will be my interview
I m a chartered accountant student . My basics r nt clear ur vedios r helping me a lot..thank you very much
Nice one! Hope it's going well. We all have to refresh ourselves on the basics from time to time :)
Great job!!! Clear, concise and engaging. Will definitely recommend.
Thanks, great to hear you found it useful!
thank you so much for teaching me so much with such short and simple explaination
No problem, hope it made some sense :)
thank you so much I was struggling in Prin of Financial Accounting
OMG!!!!! I finally got it! You made my life so much easier)
Your videoes are life-saving. Also thanks for your book suggestion "The Accounting Game" which I enjoyed reading. It helped me a lot to with the basics.
Thanks a lot for your videos.🥰
You're most welcome ;)
You’re the type of teacher I aspire to be, keep up the great work
Thanks and all the best :)
Thank you so much for your help. This video and your videos on income statements have really solidified my understanding of the concepts.
You're very welcome!
James! Your videos are one of the most useful things in learning accounting! They have helped me a lot and I am very grateful for your channel!
I wish all the bests to you! I hope this channel booms in popularity as anyone needs some basic accounting info to be financially literate!
Thanks Anxhela! Great to hear you're enjoying these vids. All the best :)
Thank you so much, your videos helped me a lot to achive good marks in the exam.
You’re amazing !!!! I just ordered the complete practice / cheap package !!!!
Thanks for your support!
You made difficult easy to understand what a great facilitator you are.
Cheers Fred, glad to hear it!
Best explanations of accounting terminology & process I’ve found!
Have you made any on ratios?
Not yet, but I'm planning to make a whole series on them
@@AccountingStuff oh yes! Please do 🙏
Thank you for these videos, really makes a difference. Ive been taking business classes for years and these videos make me realize they dont teach hands-on experience. Thank you again
Cheers mate! Hope your studies are going well
This was incredibly helpful! Subscribed immediately
Wooo! Great to have you on board!
Hi, James!
I want to thank you for these videos. They really helped me nail a job at an audit firm. Best of luck in the future!
Congrats on landing your job!!!! Hope it's going well
You're a scientist who makes things simple！
you make every video so interactive......keep up the good work sir!
Thanks, will do!
Had just 2 lectures, and I'm already feeling the stomach ache of failing the class :D You're my only hope!
Thank you for existing😭😭
thanks James youre a star
Great tutorial! Its very informative and fun at the same time. You definitely put a lot of effort in your content to make accounting easy to learn!
Thanks for your kind words!
I was in total lost for this module thank god u saved me!
helped me solve a question i was stuck in for days. thank you so much :D
No worries, glad it was helpful!
Wonderful James! Having a Financial accounting midterm test tomorrow, hope I will do well.
Good luck!!!
Cool presentation !!
Thanks Srikanth!
Im currently doing a Bachelor of Commerce (majoring in accounting and Corpfin) in Aus and I wanted to say that your videos are really helping me get through... you make such a dry subject more understandable and enjoyable! The visual learning really assists those like me who suck at auditory learning! Thank you so so much!
No worries, all the best with your studies!
Your explanations clear my all doubts Thanks a lot sir it's really help me for my exam🤗
Best of luck in your exam!!
Can you make a video on Free Cash Flow and for why is it an important criteria for business owners to consider
Thanks for your request!
Very nice presentation. 👍
Thanks mate :)
Hi James, Good to see your video again. As always Best financial helper
Cheers Derick!!
you got me through my last accounting class. Thanks mate!
Fantastic explanation!
Thanks Surendar!
Perfect timing💜💜💜
Thanks so very much for your common sense approach to Accounting, I appreciate you.
No worries, hope it helped!
Hi, James. In 4:05 the Equity is 10,050. However, if I added three items in Equity is 1,050+11,050-1000 =11,100. So is it a wrong number? However, if I add all the Equity, Revenue, and Expenses as the total Equity, the answer is 20,750. It matches what you show in the video. Thanks!
Well spotted! That was a typo. I forgot to add the 1,050. Good thing I was showing you the wrong way to do it haha
@@AccountingStuff Thank you for your quick response. I have learned a lot from your channel. I really appreciate it. Hope you will produce more educational & professional videos. Best wishes.
Thank you very much, you are a good teacher.
Thanks, that's kind of you to say :)
Oh yes my professor is back ❤️. Where have you been all this time?
Apologies for the delay! These vids take ages for me to put together. Hope to be back soon
Another great video much appreciated
Thanks Taylor!
Love your teaching
Writing accounting in thr next 1 hr, bruh you helped so much 😊much luv❤🗿
Good luck!! 🤞
Great Video. Very thorough & helpful
I really understand how to make a balance sheet.Thanks\
Please never stop make ng vids, humor is great thank you!
Thanks, I'll keep them coming :)
you just saved my life
Thank you, great illustration
You're welcome :)
Thank you for this video. It was very helpful for my college entrance exams!!!
No worries, best of luck with them!
Bro I just subscribe to your channel, you're true legend
Great to have you on board!
Amazing 😍 finally I got the perfect Sir for accounting ❤️
This explanation is the best one I have ever watched. Could not be explained concisely than this.
u are amazing and ur explanation is also so cool, I would like to continue learning from u. Thank you
Well done! You make it interesting!
Very well explained!
Thanks!
You are awesome James! Keep up the great work man. These videos are an amazing substitute for my Accounting courses. It's crazy how you can clear up so many things that wasn't clarified by my teacher for Financial accounting.
Thank you so much
Hi ! If for example at the beginning of year, I had total assets of 700000$, and total liabilities of 300000$.
1) If total assets decreased 60000$ and owner’s equity increased 190000$ during the year, what is the amount of total liabilities at the end of the year?
Do I use formula L = A-(OE) ?
Total liabilities would be 50000 ? (640000 - 590000)
At the end of the year the total liabilities are $490,000.00 Remaining assets are $150,000.00 assuming equity is at 0
Learning is so simple and easy . You are a great facilitator. Can you please do a video on consolidation?
Thanks for your request!
Thank you so much for the video, I really liked the video, you really put a whole semester in 6 minutes, and in easy terms, keep it up!
Really appreciate your efforts..so easy to understand.👍
It's my pleasure, all the best!
Keep up the good work(especially the videography)!
Thanks, I'll keep working on it!
you need more subscribers you have the gospel of understanding accounting easily
Cheers buddy!
Perfect!
Cheers Blaise!
Man you put so much effort into these educational videos, it's hard to not subscribe and like your videos! Cheers mate!
Thanks Reiner!!!
Well, I think I've watched enough of your videos for this week of class for you to earn a sub. Thanks. Not sure if I'm doing it all to my professor's liking, at least I'm not totally lost now.
Great to have you on board! All the best with your studies :)
Very useful video 🙏🙏🙏👍
Thanks!!
Excellent video. Thank you.
You're very welcome :)
Always the best , God bless you
Cheers Mahdi!
This guy is amazing thank you so much
Thanks, glad you enjoyed the video!
I think you're the artist of lecturers!
Thanks for your kind words :)
Thanks For This ,Love From Kenya
You're very welcome :)
So helpful. You are awesome. ❤
Glad you found it useful!
Please don't stop making these videos bro ❤️
I plan to make plenty more :)
Much love sir 🏆💟
best video ever
Thanks Saikat :)
Hi! you are very helpful you don't know how mach, Thank You!
Would you make a vid about business combination please
Thanks for your request!
Excellent! Thanks
Cheers Andrea :)