Before I found your videos, I was walking the streets, hooked on blow and wondering which dirty hovel I would have to crawl in to spend the night. Now, I’m 26 years old, handsome, and a professional accountant looking into starting my own firm. Thank you.
My goodness...finally a thorough explanation of this madness. I'm obtaining my MBA and these accounting courses are kicking my butt! Thank you for the much needed assistance!
I bought an expensive material to study to CMA but I always have to come here to really understand the topics. Thank you so much for existing! Kisses from Brazil!!!!
Also, Thank you for all these videos. One thing I'd suggest is rearranging the playlist. Some videos would make much more sense if watched before others.
I am studying for CMA exam. i purchased a study material for $1100. Unfortunately i found your videos after i purchased that subscription. Your videos worth millions of dollars. I am not using their stuff. Only watching your videos and practicing MCQs. You are an amazing teacher. and you know what student wants to know.
thank you so much for demystifying managerial accounting for me, i have to cram a report for tomorrow and i understood nothing from our prof's 30 minute lecture, but you explained it so clearly in just 12 minutes!
Thank you so much for the encouragement, it means a lot! One of greatest joys of my life is knowing that I was able to help people a little bit by sharing the knowledge I have been privileged to receive. I'm glad you're find the videos helpful, and I wish the very best to you and your family
@@Edspira thanks for your great words. You are a big person by sharing those videos, and you are helping a lot of people around the world, be sure of that. God bless you
I am not sure if you still reply to the comments or not, but shouldn't revenue be 10p (10 dollars as mentioned in the video), instead of 10q? (That applies to revenue and variable expenses as well).
q is the number of customers. We are expecting 10,000 customers, and the revenue to be $10 per customer (10q). Thus, $10 * 10,000 customers = $100,000 budgeted revenue. Hope this helps!
I am still a little confused. The problem I got has a static budget and the actual results and I am supposed to make a flexible budget out of that. How can I do that? This problem does not have any Qs so I am stuck.
Very simple problems. Actually problems they teach in class are not easy and on tests. You need to make a video when all those numbers are different and not divisible by 10
Why is popcorn and soda a multiple of the quantity and why is it our cost? Is the theater providing them with the ticket, and we only expect 0.25 people to take the free popcorn?
George this is how i understood it. Budget = what they planned for to happen, what they expected to happen Flexible = what should have happened based on the actual activity/quantity level
lynda ni shuilleabhain actual, are the actual costs that occured. Budget costs, are the costs you estimated for the year. All you have to do, is compare between budgeted costs and actual costs.
You are the reason I am getting A's in accounting. You are a lifesaver
Before I found your videos, I was walking the streets, hooked on blow and wondering which dirty hovel I would have to crawl in to spend the night. Now, I’m 26 years old, handsome, and a professional accountant looking into starting my own firm. Thank you.
This is a very moving story. I'm so glad that these videos helped you find your way into a career. Best of luck with starting your firm!
@@Edspira 10/10 it didnt actually happen
sounds like you saw a movie tbh
My goodness...finally a thorough explanation of this madness. I'm obtaining my MBA and these accounting courses are kicking my butt! Thank you for the much needed assistance!
Hang in there, you can do it!
I bought an expensive material to study to CMA but I always have to come here to really understand the topics. Thank you so much for existing! Kisses from Brazil!!!!
Kisses to you as well my friend!
Also, Thank you for all these videos.
One thing I'd suggest is rearranging the playlist. Some videos would make much more sense if watched before others.
I am studying for CMA exam. i purchased a study material for $1100. Unfortunately i found your videos after i purchased that subscription. Your videos worth millions of dollars. I am not using their stuff. Only watching your videos and practicing MCQs. You are an amazing teacher. and you know what student wants to know.
H Ji how did you do on CMA exam?
I feel you bro the books on all this are unreadable
thank you so much for demystifying managerial accounting for me, i have to cram a report for tomorrow and i understood nothing from our prof's 30 minute lecture, but you explained it so clearly in just 12 minutes!
Again you saved me in another exam for grad school 🏫 YOU ARE A LIFESAVER 🙌👌👍🙏
i really like your videos and i find it hilarious that all your videos end abruptly
These are the best accounting videos I have found. Fantastic job, thank you.
Your videos are so clear and concise. Thank you so much.
You are amazing!. English is my third language, but i prefer to watch to you than my native languages. Thank you a lot!
best accounting videos ever
I'm chinese. studying in amity university dubai. this video made me understand budget better than collage . thank u sir
College
Thank you thank you thank you. After 3 hours, THANK YOU
Edspira
Have you ever considered teaming up with Khan Academy. They dont have any videos on managerial accounting
As I said, I am really learning a lot and easily with your videos. Thanks one more time, Sir.
Thank you so much for the encouragement, it means a lot! One of greatest joys of my life is knowing that I was able to help people a little bit by sharing the knowledge I have been privileged to receive. I'm glad you're find the videos helpful, and I wish the very best to you and your family
@@Edspira thanks for your great words. You are a big person by sharing those videos, and you are helping a lot of people around the world, be sure of that. God bless you
Brilliant videos! Please keep up the brilliant work!
+iamsg28 Thank you!
Getting ready for CMA now, and these videos help a lot. Do you do any tutoring? I could use some coaching on word problems
May God bless you Sir.
this video really helps, i can see my improvement now
I am not sure if you still reply to the comments or not, but shouldn't revenue be 10p (10 dollars as mentioned in the video), instead of 10q? (That applies to revenue and variable expenses as well).
q is the number of customers. We are expecting 10,000 customers, and the revenue to be $10 per customer (10q). Thus, $10 * 10,000 customers = $100,000 budgeted revenue. Hope this helps!
Thank you 😍
You're welcome 😊
exactly what i needed! thank a lot!
Thank you Sir!
Welcome!!
great video many many thanks
I just love this guy!
you are a hero!
Thank you for the kind words! I hope your class is going well :)
it is indeed. keep up the excellent work :)
Will do! I've set aside some significant time for video production this summer and am happy to say I'll be posting hundreds of new videos this fall.
we certainly cant wait!! your videos makes the greatest of difference
5:00 for those of yo who are in a rush and would just like to see how the problem is done
Great Video! Thank you
Dear,
Why the profit of the activity variance is Favourable?
I didn't get it ;(
Thanks in advance!
How do you find units sold and variable costs for flexible budget when given actual and static numbers?
Thanks bro. Big help.
You are my life saver 📌
I am still a little confused. The problem I got has a static budget and the actual results and I am supposed to make a flexible budget out of that. How can I do that? This problem does not have any Qs so I am stuck.
thnk yu so much... yur videos r so valuable.. em havin my cost managemnt xm n these r realy useful fr meh.. tysm :)
No problem! Glad you found the videos helpful. Best wishes
I love you sir, simply you are amazing
Thanks a lot
where the heck did you get the .25 from?
I made up the figure for purposes of this example
Realy your are sooo goood in teaching big like to you❤️
Thanks Toma Ali!
For 10:19 is it not called an Adverse variance.
Flexbile Budgeting = Actual Units X Standard Cost per unit
I love you thanks for this video!!!
Thank you!
thank you very much
Great job 👍👍👍
Thank you!
Super!! thankyou
Thank you
good
Very simple problems. Actually problems they teach in class are not easy and on tests. You need to make a video when all those numbers are different and not divisible by 10
Why is popcorn and soda a multiple of the quantity and why is it our cost?
Is the theater providing them with the ticket, and we only expect 0.25 people to take the free popcorn?
The assumption is that each customer consume 0.25g of free popcorn.
I'm so confused... what is the difference between the flexible budget and the actual??
The activity level
George this is how i understood it.
Budget = what they planned for to happen, what they expected to happen
Flexible = what should have happened based on the actual activity/quantity level
anyone know what the Q stands for? Thanks
quantity of customers
You legend
very confusing, I still don't know the difference between the actual and the flexible budget
lynda ni shuilleabhain actual, are the actual costs that occured. Budget costs, are the costs you estimated for the year. All you have to do, is compare between budgeted costs and actual costs.
1) Actual budget containts (actual volume X actual CPU Cost per unit ), 2) Flexible BUdgeting (actual units X standard CPU Cost per unit)
@@reneefongg WAH this was my mom's account and she won't see this but thanks lol
Anybody here cause of Coronavirus?
How do I calculate the total popcorn cost that should be included in the flexed budget?