Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity

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  • Опубліковано 11 сер 2015
  • • Accounting for Beginne... BEST ACCOUNTING PLAYLIST ON UA-cam !!!!!!!!
    This is a great Accounting tutorial for the Basics of Accounting for beginners. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
    Accounting For Beginners #1 • Accounting for Beginne... Debits and Credits / Assets = Liabilities + Equity
    Accounting For Beginners #2 • Accounting For Beginne... Basics / Accounting Equation
    Accounting For Beginners #3 • Accounting for Beginne... Journal Entries / Beginner Tips
    Accounting For Beginners #4 • Accounting for Beginne... Income Statement / Revenue - Expenses
    Accounting For Beginners #5 • Accounting for Beginn... The Balance Sheet / Basic Tutorial
    Accounting For Beginners #6 • Accounting for beginne... Putting an Asset on the Balance Sheet
    Accounting For Beginners #7 • Accounting for beginne... Depreciating an Asset / Basics
    Accounting For Beginners #8 • Accounting for beginne... Depreciation Expense / Basics
    Accounting For Beginners #9 • Accounting for beginne... Accounts Receivable / Basics
    Accounting For Beginners #10 • Accounting for Beginne... Accounts Payable / Basics
    Accounting For Beginners #11 • Accounting For Beginne... Fifo and Lifo Inventory / Basics
    Accounting For Beginners #12 • Accounting For Beginne... 1 Journal Entry With 2 Assets / Basics
    Accounting For Beginners #13 • Accounting for Beginne... Accounting Study Guide / Template
    Accounting For Beginners #14 • Accounting for Beginne... Journal Entry with Cash / Expense
    Accounting For Beginners #15 • Accounting For Beginne... Journal Entry With Cash / Revenue
    Accounting For Beginners #16 • Accounting For Beginne... Debits & Credits / Negative Asset
    Accounting For Beginners #17 • Accounting For Beginne... T-Accounts / Debits and Credits / Accounting 101
    Accounting For Beginners #18 • Accounting For Beginne... What is a Draw? / Withdraw / Distribution / Dividend / Equity
    Accounting for Beginners #19 • Accounting for Beginne... Don't Abbreviate / Accounting 101 / Basics
    Accounting For Beginners #20 • Accounting For Beginne... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
    Accounting For Beginners #21 • Accounting For Beginne... T Account Example / Accounting Tutorial
    Accounting For Beginners #22 • Accounting For Beginne... Trial Balance Unadjusted / Accounting Basics
    Accounting For Beginners #23 • Accounting For Beginne... Cash in a Bank Account / Checking Account / Basic Accounting
    Accounting For Beginners #24 • Accounting For Beginne... Does The Transaction Increase Assets / Accounting Basics
    Accounting for Beginners #25 • Accounting for Beginne... Accounts Receivable Example / Accounting 101 / Accounting Basics
    Accounting For Beginners #26 • Accounting For Beginne... Reducing Accounts Receivable / We got Paid / Accounting basics
    #Accounting #Exercise #CPA
    #Accounting #Exercise #CPA

КОМЕНТАРІ • 3,8 тис.

  • @coltongreenlaw7706
    @coltongreenlaw7706 5 років тому +3647

    “I don’t care how you memorize it just do it”
    This is teaching at its finest.

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 років тому +265

      It's 8 letters bro

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому +3

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +51

      I don’t offer tutoring. Although I do have close to 140 accounting for beginners videos in my “accounting for beginners playlist”

    • @rouaasalem9737
      @rouaasalem9737 4 роки тому

      Colton Greenlaw 😍

    • @maxinebruno78
      @maxinebruno78 4 роки тому +7

      I love it i was like yea memorize it !!!

  • @momentshub3773
    @momentshub3773 3 роки тому +815

    D.E.A.L.E.R - The best way to remember - DEALER - Draw - Expenses - Assets.............Liability - Equity - Revenue ..........D E A L E R!

    • @sajidam3463
      @sajidam3463 3 роки тому +3

      I see
      ua-cam.com/video/OUV1UcPM__c/v-deo.html

    • @sashac9575
      @sashac9575 3 роки тому +7

      Thank you

    • @G0LDiLOXX8
      @G0LDiLOXX8 3 роки тому +15

      I like his better

    • @craigfletcher8627
      @craigfletcher8627 3 роки тому +36

      I think DC DEALER is the compromise way to go. Think of an illegal double dealing card dealer in washington, not hard to imagine such corruption.

    • @l0vemel0dy
      @l0vemel0dy 3 роки тому +2

      I like this one

  • @KiyosakiSays
    @KiyosakiSays 11 місяців тому +142

    “The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.” - Robert Kiyosaki

    • @paradigmedutv2016
      @paradigmedutv2016 Місяць тому

      Please, in which of his did he say this?? Thanks

  • @lanamartine
    @lanamartine 2 роки тому +362

    A week ago I wanted to quit school because of my accounting class. I didn’t think there was any way on earth I’d pass this class and then I found your videos. Passed the class tonight! Thank you sooooo much!!

    • @CPAStrengthPassion
      @CPAStrengthPassion  2 роки тому +42

      Omg !!! Congrats 🍾🎉🎊 to you. Take this win 🏆 and overcome other things not one thought possible

    • @kashayrobinson5659
      @kashayrobinson5659 2 роки тому +15

      I swear im on the edge of dropping out because of that class!!! then im doing it online so you basically have to teach yourself

    • @AngelshareeBFE
      @AngelshareeBFE 2 роки тому +2

      omg, thought i was the only one! i been driving myself crazy!

    • @CPAStrengthPassion
      @CPAStrengthPassion  2 роки тому +1

      I appreciate all the love and support

    • @CPAStrengthPassion
      @CPAStrengthPassion  Рік тому +1

      Thanx

  • @OasisGamingInc
    @OasisGamingInc 6 років тому +2848

    This man perfectly represents the daily struggle of leftys and whiteboards

  • @CPAStrengthPassion
    @CPAStrengthPassion  5 років тому +846

    Hey everyone who is in the comments section. I made this video over 3 years ago. And while the information is still the same. This was one of my first videos i ever made and a bit cringy. I had about 100 subscribers and 10 videos when i made this video. October 2018 im closing in on 70k subscribers and 350 videos. DC ADE LER has helped thousands of people with Accounting in the past 3 years. I say all this to possibly give some of my later accounting videos a chance for less cringe.

    • @aaaroryromans4618
      @aaaroryromans4618 5 років тому +1

      CPA Strength do you have a video about amortization?

    • @victoriaking2883
      @victoriaking2883 5 років тому +1

      Hopefully it will help me! I'm struggling badly! I will be tuned in everyday until I have watched every single video!

    • @lewisdillard5324
      @lewisdillard5324 5 років тому +13

      Fuck the haters man

    • @Patrick-iy1rb
      @Patrick-iy1rb 5 років тому +5

      Hi Jon. I'm also from Florida and I really liked your videos. I didn't have the chance to master accounting in school but I'm hoping these videos could help me. Thanks for the help!

    • @tamikawells3261
      @tamikawells3261 5 років тому +4

      you helped me understand the accounting equation much better. i will be looking at all your videos to maintain my learning skills for accounting.

  • @TheFinancialController
    @TheFinancialController 4 роки тому +391

    I will add that many folks confuse accounting with “counting” or math in general. Let’s get one thing straight, you don’t have to be good at math to succeed in accounting. We rely on calculators and Excel sheets to do the math :)

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +22

      Good point

    • @youarehere1251
      @youarehere1251 4 роки тому +8

      Data entry, just have to know which goes where

    • @wingsgamingfans5850
      @wingsgamingfans5850 4 роки тому +14

      But accounting is 1000 times harder than math.
      You need to have Godlike memory to apply tons of GAAP, SFAS , IFRS, auditing standards and more accounting rules to solve a problem.

    • @Twolilsproutsmom
      @Twolilsproutsmom 4 роки тому +2

      And that's what I am trying to polish up on is my Excel skills and math! ;-) I was in a position for 10 years using basic methodologies. I need help so bad!

    • @aiman7282
      @aiman7282 4 роки тому +3

      I have no basics for accounting. Do you think it's possible to take this as a course?

  • @Mina-sk9jl
    @Mina-sk9jl 4 роки тому +80

    Dear Jonathan, I got the accounting exam back today and it was 97%!!! I still can't believe what I just achieved. This was my very first time to study finance subject and also study abroad, which means doing accounting in English was incredibly challenging to me. You not only saved my life, but also gave me confidence and taught me how important to go block by block. I am so lucky to have a teacher like you. Thank you sooo much Jonathan!! DCADELER forever!!!

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +13

      Thank you. What a beautiful comment. It gives me much fulfillment to read these things. Best of luck to you.

    • @Christa_belle838
      @Christa_belle838 3 місяці тому

      Right now am a bit terrified, I have a forth coming accounting exam in less than 2months. I know my being in this channel won't be a waste. Amen 🙏

  • @crickinneck
    @crickinneck 7 років тому +1454

    To make it easier to remember, one can use the word DEALER instead of ADELER

    • @CPAStrengthPassion
      @CPAStrengthPassion  7 років тому +336

      Oh, i really like this one. If i was just learning these for the first time i might use this mnemonic. I think it's super cool when people comment and let people know what works for them and their brain.

    • @yashinfinite8338
      @yashinfinite8338 6 років тому +69

      Jade Pod dc dealer

    • @o0OGunSmokeO0o
      @o0OGunSmokeO0o 6 років тому +60

      myyyyy nigga

    • @weetzybat
      @weetzybat 6 років тому +7

      This is great, I like having both!

    • @Nasirpeer110
      @Nasirpeer110 6 років тому +10

      omg thats so much easy

  • @rocioflores620
    @rocioflores620 7 років тому +188

    3 weeks in Accounting, I'm so lost! lol! I look around the classroom and everyone seems to get it but me. Thank you so much for your videos. DC ADE LER!!!!! something finally stuck in my brain. Now to learn balance sheet and adjustments! 😲😲😲 thank you, thank you!! 😊

    • @usofine0690
      @usofine0690 7 років тому +6

      Rocio Sanchez I feel the same as you😭😭

    • @Maria-tn2qm
      @Maria-tn2qm 7 років тому +4

      Rocio Sanchez my situation was the same ....but now i understand well

    • @Maria-tn2qm
      @Maria-tn2qm 7 років тому +2

      Joseph Elmajian i think its all about adjustment and depends on how attentively u read the case....

    • @dionisioefraim
      @dionisioefraim 7 років тому +5

      Rocio Sanchez you will enjoy it so much. promise!

    • @janakis5552
      @janakis5552 6 років тому +3

      same to me

  • @CJU19
    @CJU19 4 роки тому +182

    I love when he says “I don’t care how you gonna memorize it, just do it”
    😂 That alone removed my frustration and helped me learn. So easy!
    Thank you so much!
    God bless you!

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +14

      Probably not my greatest teaching moment.

    • @fmtv7717
      @fmtv7717 3 роки тому

      ua-cam.com/video/OtN5LQQALyE/v-deo.html

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html ..

    • @IglooGirl1
      @IglooGirl1 3 роки тому +2

      @@CPAStrengthPassion it was hilarious & made me laugh :). i think because it was so funny, THATs what will help ppl remember it :). Plus Your little grid has TOTALLY helped me when i could NOT get it straight in my head. I have a cheat sheet chart I refer to all the time with but was panicking on how i'd remember it when i go to take the test & have no reference material. THANK YOU!

    • @user-sh7fc6me4o
      @user-sh7fc6me4o Рік тому +1

      Me too 😂 I love that part.

  • @mpaauwe0519
    @mpaauwe0519 4 роки тому +54

    I came back to say THANK YOU for helping me pass my Accounting for Decision Makers class at WGU! Last year I decided to go back to school to get my MBA, and it had been 15 years since I took an accounting class. I was super stuck at the beginning of the class, and your videos got me through it! Thanks for making these videos, they are very much appreciated.

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +6

      Thats awesome. Thanks for the nice comment. It makes me happy I made these videos

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html !

    • @Phyra02
      @Phyra02 5 місяців тому

      I'm currently taking the same class and this video series was recommended.

  • @risengrind3061
    @risengrind3061 6 років тому +737

    bro i literally couldn't handle my accounting class two weeks ago (it's online and i'm not learning in the class at all). Since I found these videos, I actually understand everything, and got a 100 on my first test by remembering DC ADE LER. Thanks so much for posting this stuff, I use it more than the resources my university is giving me haha

    • @CPAStrengthPassion
      @CPAStrengthPassion  6 років тому +42

      The DC ADE LER is legit. As you see after you crushed a 100. Your welcome.

    • @newbaby411
      @newbaby411 5 років тому +7

      im in the same spot right now , hoping to pass midterms in just over a week. help.

    • @christinebrown6576
      @christinebrown6576 4 роки тому +6

      Hi Risen'grind.. I am taking classes online and the teacher is not helping at all. It is hard very hard to teach my self. I always wondering if there are things I am missing by teaching myself.

    • @vanessaradin288
      @vanessaradin288 4 роки тому +9

      1 year had passed after this comment was posted and I can relate to this. I am now a college stud and taking up Business Ad Major in Financial Management and we have an Accounting subject but I am not learning at all from my professor. If you happen to see my comment, pls reply to me and help me with my subject pls 😭😭

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +8

      Study 📖 a little every day using DC ADE LER as a guide

  • @weirdsiren
    @weirdsiren 3 роки тому +24

    I just started my accounting 1 class and I was completely overwhelmed and confused until I found your videos. Thank you so much! I'm sure i'll pass just fine now!

  • @brianly6305
    @brianly6305 3 роки тому +42

    " I don't care how you do it, JUST DO IT" life for everyone would be so different

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html ..

  • @fawad578
    @fawad578 5 років тому +355

    when you calculate millions of dollars but you have only 1 dollar in your account
    Thats commerce student 😂😂

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 років тому +7

      Yep

    • @asukarei2840
      @asukarei2840 5 років тому +2

      Hahahaha 😂😂

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

    • @rupalisingh3822
      @rupalisingh3822 4 роки тому +1

      Right said

    • @karanohri3673
      @karanohri3673 4 роки тому

      Fawad MIT 😂😂

  • @FrancisBaconthe3rd
    @FrancisBaconthe3rd 5 років тому +24

    I'm in Financial Accounting and have already learned more in 5 minutes than I have in 5 weeks of class. Thank you!!! BTW, the using DEA LER is so easy, Thanks Jade Pod.

  • @Nam.Nam264
    @Nam.Nam264 Рік тому +6

    2022 - The best and the sexiest accounting teacher! I've been struggling for a while because english is not my native language and i might say that your videos changed my whole perspective of this job. Very precise and easy explained, even for a person like me, with no knowledge in accounting 🙂
    Thank you so so much.

    • @CPAStrengthPassion
      @CPAStrengthPassion  Рік тому +1

      Thank you so much. I really struggled with accounting when I started, so I think I have a leg up when teaching.
      All the best to to!!

  • @omgimover4075
    @omgimover4075 4 роки тому +7

    Thank you sir! I got a B on my 1st exam in my financial accounting class because of your videos. For the past few weeks I was lost & confused, but now I’m gaining a better understanding.

  • @lorenceibanez5088
    @lorenceibanez5088 2 роки тому

    This was the first video I’ve watched when I’m studying accounting 4 years ago. This video helps me in my quizzes wherein about normal balances. I’ve got almost perfect score in my first quiz. Now I’m a 4th year college student and I still remember this discussion wherein part of my growth. Thanks to this video!

  • @michielkritzinger3199
    @michielkritzinger3199 6 років тому +35

    I'm writing EMS tomorrow and im just watching UA-cam about the work,thanks dude you're a lifesaver

  • @adazzsthoughts
    @adazzsthoughts 3 роки тому +5

    This video is a lifesaver for those without basic accounting background. I keep coming back to it to refresh this knowledge.

  • @cheekyvx5371
    @cheekyvx5371 3 роки тому +3

    I remember watching this before my freshman year of high school started because I was taking intro to accounting and I wanted to get a headstart, many months later and im now in accounting one and I really want to thank you because this video really helps to give you a good foundation, and I hope Ill take accounting 2 and marketing next year!

  • @margueritejansen2171
    @margueritejansen2171 2 роки тому +10

    I want to thank you for your videos. I lost my job in the summer and was interested in taking accounting to further my career in payroll. But I was trepidatious because never thought I could handle accounting. However, watching your videos gave me confidence that I could do it. And I did. I just passed Financial Accounting with an 92%. 96% on the final exam. A+!

    • @CPAStrengthPassion
      @CPAStrengthPassion  Рік тому +2

      Omg that is so amazing. Congratulations. This makes me soooo happy

  • @ff144
    @ff144 5 років тому +3

    CPA Strength is the MAN! These videos saved me from failing my accounting classes right now and in the future. No confusion from this guy- Just quick, fast, and to the point with no confusion!
    The following is a list of the first 59 tutorial videos uploaded by CPA Strength.
    You're welcome, people of UA-cam
    1. Debits and Credits Assets= Liabilities + Equity
    2. Basics Accounting Equation
    3. Journal Entries
    4. Income Statements
    5. Balance Sheets
    6. Adding an asset on the Balance Sheet
    7. Depreciating an Asset
    8. Depreciation
    9. Calculating Accounts Receivable
    10. Accounts Payable
    11. FIFO/LIFO
    12. Journal Entries with 2 Assets
    13. Accounting Study Guide
    14. Journal Entries with Cash/Expense
    15. Journal Entries with Cash/Revenue
    16. Debits and Credits/Negative Asset
    17. T-Accounts
    18. What is a Draw?
    19. Don’t Abbreviate
    20. Chart of Accounts
    21. T-Account Examples
    22. Trial Balance (Unadjusted)
    23. Cash in a bank Account
    24. Assets increase or decrease with the transaction
    25. Accounts Receivable example
    26. Reducing Accounts Receivable
    27. Paying an Expense
    28. What is an Asset?
    29. Liabilities
    30. Equity
    31. Adjusting entries/Journal Entries/Depreciation Expense
    32. /Prepaid Expenses
    33. /Unearned revenues
    34. /Accrued Revenue
    35. /Accrued Expenses
    36. /Adjusted entries summary
    37. Net income/Income Statement/Balance Sheet
    38. Retained Earnings/Balance Sheet/ Journal Entries
    39. What is the Equity/BS/JE
    40. Inventory/Asset/JE/Purchasing inventory
    41. Perpetual Inventory vs Periodic inventory/Asset/JE
    42. Inventory perpetual/FIFO
    43. IP/LIFO
    44. IP/Weighted Average
    45. LIFO/FIFO/Weighted Average/Summary/ IP
    46. LIFO/FIFO JE’s
    47. LIFO/LIFO JE’s
    48. Negative Draw examples/Shareholder distribution
    49. Why is the truck an Asset and not an expense?
    50. DC ADE LER- It’s a lifestyle
    51. Payroll/Employees net pay/ Where do the taxes go?
    52. Payroll/Employer taxes/ Employer FICA match
    53. Payroll JE’s/Payroll Taxes
    54. Tax Refund/Getting money from your tax return/Federal witholdings
    55. Loaning a business cash/Increasing a liability/JE’s
    56. Paying a loan back/Reducing Liabilities
    57. Purchasing supplies on account/ Accounts payable
    58. Bank reconciliation/Adjusting balance/ Accounting basics tutorial
    59. Bank Reconciliation example/ AB/ABT
    (Videos 60-93 Will be added after I Finish This Semester)

  • @andresderp7227
    @andresderp7227 7 місяців тому +3

    Can’t thank you enough, it took my professor 2 months to get us through what you taught me in about 10 mins

  • @Blobsled
    @Blobsled 4 роки тому +10

    I cannot thank you enough. I was really struggling with an accounting class but these videos broke everything down and kept it simple. DC-ADE-LER was a Godsend!

  • @hopcyda6509
    @hopcyda6509 2 роки тому +8

    Had our quiz today in accounting and i swear that "DC ADE LER" saved my life. Been watching your videos as well til the 5th lesson and i swear those 5 to 10 mins worth of your videos helped me SO MUCH. I also like the way how you explain it. Simple and concise. Now I'll be needing your playlist til I graduate and earn my CPA. Thanks so much man. CPA STRENGTH LEZGOOOO EYYYY 💪🏻

  • @jeffreyseib5088
    @jeffreyseib5088 6 років тому +16

    Hey man, I just want to let you know how much I appreciate these videos! I just got my first job out of college working for Federal Government in bank regulation, and I hardly took any accounting in college. I have to pass this scary accounting assessment and your videos have helped me out soooooooo much! These helped me more than the books, studying, and professional accountants they brought in to teach us. You saved my bank account, job, income, but perhaps more than anything you gave society a much better federal regulator. People put a lot of trust in banks; they put a lot of money in there. Because of you, citizens can be more confident they got a qualified government worker keeping their money safe. I appreciate the energy, humor (especially the reoccurring "ya boys gettin jacked"), and helpfulness. Even the inspirational stuff you put in there helps me get through the day. Keep up the good work man, you're a hero!

    • @CPAStrengthPassion
      @CPAStrengthPassion  6 років тому +5

      +Jeffrey Seib wow, your comment came right on time for me. Sometimes I question what I'm doing with myself. And I need someone else to keep me motivated. I never thought about how I am helping someone excel at their job, so they can help people.

    • @jeffreyseib5088
      @jeffreyseib5088 6 років тому +2

      For sure man! This stuff isn't just for freshman trying to pass a class. These videos helped me work to keep people's money safe.

    • @bunnyman6321
      @bunnyman6321 Рік тому

      How you making out now?

  • @Bfischhh
    @Bfischhh 5 років тому +20

    I was literally screwed for my exam before i learned DC ADE LER. Somehow, DC ADE LER made everything so much easier and i was able to get an 85% on the exam!!! Thank you!

  • @christianbernardino97
    @christianbernardino97 2 місяці тому

    Watched this video during my 1st year of undergrad.
    Four years later, i'm wrapping up my degree and I attribute a lot of my fundamental understanding to this video!

  • @megank2095
    @megank2095 2 роки тому +9

    I just wanted to say that I watched so many of your videos and I appreciate all the time you put into these videos. I really struggle with accounting and had so many of the same issues that you mentioned you had early on. My teachers made no sense and I was about to give up. You make sense and teach very well! Thank you so much. When I pass, it will be because of these videos.

    • @CPAStrengthPassion
      @CPAStrengthPassion  2 роки тому +4

      You’re very welcome. I know the struggle is real for some people. I dunno maybe some peoples brains work different, because there were lots of people who were understanding accounting in class, but I wasn’t. Best of luck to you!!!

  • @charleswesesky747
    @charleswesesky747 6 років тому +131

    Your personality alone makes this way more interesting than any of the other videos I've watched about accounting on UA-cam. So many monotone voices with generic backgrounds, but this is way better.

    • @CPAStrengthPassion
      @CPAStrengthPassion  6 років тому +5

      +Tom Sawyer thank you 😊 I try and bring a little some different to accounting education

    • @nero6384
      @nero6384 6 років тому

      CPA Strength thanks man you helped a lot

    • @studiofoots8143
      @studiofoots8143 6 років тому

      What? No!

    • @jamest7485
      @jamest7485 5 років тому

      Bueller.... Bueller....

  • @raymondscott344
    @raymondscott344 Рік тому +3

    I'm finishing my accounting degree in the next four weeks and these first few videos on the channel were the reason why I started. Thank you

    • @CPAStrengthPassion
      @CPAStrengthPassion  Рік тому

      Omg- this is like amazing to me. That I had a hand in your success. This is why I make videos. Let's goooooo

  • @alexandervalladares2501
    @alexandervalladares2501 2 роки тому +2

    Watching this video again at .5 speed and getting hammered… Your videos are the best way to learn accounting …

  • @leonardodelacruz1
    @leonardodelacruz1 5 років тому +2

    I think this maybe the 1st or, at most, 2nd post I've ever posted publicly on UA-cam. I just wanted to tell you, in all sincerity, thank you for taking time out of your day/life to create these videos. Because of you, and specifically you're style of teaching --easy to understand, small, digestible chunks of information, your candor with your own learning setbacks--with zero accounting experience, I was able to pass my college accounting class in 2 days!!! DC-ADE-LER for life, lol.
    Thanks brother for doing what you're doing and keep up the great work!

  • @surajpatil9542
    @surajpatil9542 7 років тому +5

    Hell ya..!! This is helping..!! Currently pursuing Mba, and it is helping changing my approach towards accounting..!! Ty..

  • @Glams7
    @Glams7 5 років тому +4

    Seriously, this just changed my life! Thank you. Studying an MBA at the moment and accounting was doing my head in. A few of your videos and it all made sense! Thank you so much!

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 років тому

      You are so welcome, it makes me feel so good to know i am helping people get through accounting.

  • @jonjordanfans
    @jonjordanfans 5 місяців тому +2

    Thanks so much for sharing this. My brother is an accountant, and he graduated from Delaware State U. Also Temple. My other brother two colleges also for accounting/business, and my sister as well but for Psychology. I'm the youngest, and I am the one who's been more of the innovator, and who has never gone to college, but even as an innovator, there's a business side to it. I just searched "how to do accounting" just to see if people really teach like colleges do, and to overcome my fear of college courses. I've been intimidated since I didn't do well in high school. But that was years ago. You're video helped me see that college might not be so scary after all. Even when it comes to something major like Accounting. I think the teacher makes a big difference when it comes to learning anything. Bad teaching affected my learning growing up. You're teaching was so easy, bro, I appreciate you! You did a great job!!!!

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 місяців тому

      Thank you for your kind words. Trust me work the basics, built a strong foundation and you will be able to get through accounting

  • @hellenakullu2835
    @hellenakullu2835 Рік тому +2

    Thanks so much for helping us out, i joined year one for BBA, i came late and no lecturer was willing to help me out. I'm so grateful i found your channel, i will come back with a testimony. Stay blessed

    • @CPAStrengthPassion
      @CPAStrengthPassion  Рік тому +1

      I'm here to give back to the world. So glad you found my channel. Come back with your amazing testimony

  • @Kirat876
    @Kirat876 3 роки тому +7

    Years later and this guy still helping me

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html ..

  • @AveIvy
    @AveIvy 5 років тому +11

    You're a G for taking the time and explaining all of this. Took me forever to get it but I got it now. Thanks!

  • @margiereece5042
    @margiereece5042 3 роки тому +1

    You are AWESOME! I really like the way you explain things... I learned by remembering this phrase, I am in AWE of debits and CLR (clear) on credits. I’ve written your way down as well. Thank you... those things are definitely a lifesaver in the accounting world!

  • @bradendeal5549
    @bradendeal5549 Рік тому

    Thanks for the video. Im a student again after 4 years of no school and an ONLINE accounting class is the first class I have... Its been a struggle to say the least. Especially since the monotone 10 minute lecture a week doesnt teach me anything. Also covering a new chapter and testing every week on top of my full time job. Seeing someone talk and giving me things I can memorized has been a hugeee help thank you.

  • @monamai8660
    @monamai8660 4 роки тому +4

    I remember first watching this video when I was on my journey of getting my associates degree, I wanted to learn about money. Now that time has passed I’m glad I can refer back to this basic concept to help me on my accounting class.

  • @Wgmifilms
    @Wgmifilms 7 років тому +298

    10X better then my professor

  • @memuga2130
    @memuga2130 2 роки тому +1

    i’m very anxious about taking my first accounting course ever in college but you seem to break things down to the basics and it’s calmed me down a lot. Thank you

    • @CPAStrengthPassion
      @CPAStrengthPassion  2 роки тому +2

      Being anxious is understandable. You got this though. Keep on practicing the basics. You will do amazing

  • @goldboolean6819
    @goldboolean6819 Місяць тому

    Yo! I had to come back to refresh. Thanks a lot for this. Hope you are well. Word here. In the world of books and benches, if you need a spot, ask. You're the man.

  • @therealmintchocchip
    @therealmintchocchip 6 років тому +134

    Thanks so much for this series! I passed my accounting module final and finished my first semester of uni with a 4.0 GPA with your help #teamdcadeler

    • @CPAStrengthPassion
      @CPAStrengthPassion  6 років тому +14

      Thank you for letting me know. With your comment and comments like yours, i know i am right where i need to be. And i need to spread DC ADE LER to every beginning accounting student. I am so happy to be able to help build your confidence by helping with your GPA. Keep it up. Your kicking butt.

    • @beauwilliams3163
      @beauwilliams3163 6 років тому +2

      lol this video is a god send. quick review b4 a test tomorrow

    • @doublesdsds9937
      @doublesdsds9937 6 років тому +1

      Tutor ME

    • @jamarteamhistorytownsend5367
      @jamarteamhistorytownsend5367 5 років тому +6

      CPA Strength I’m about to start accounting in January this was a great introduction thank you !

    • @elbagonzolez8354
      @elbagonzolez8354 5 років тому +1

      DURANDURAN. GREATEST. HITS

  • @afiasyed3304
    @afiasyed3304 7 років тому +57

    Thank you! I"m still confused but this helped a little.

  • @AwjeeASMR
    @AwjeeASMR 4 роки тому

    Now this is how you break it down... People who know this stuff always go so fast and I always get lost even when they are “breaking it down” smh .. This was very understandable Thank you !

  • @LadyStoneheart312
    @LadyStoneheart312 5 місяців тому

    This is a refreshing channel, straight to the point, no annoying music or headache-inducing barrage of edits. Thank you so much you've earned another sub. And your bicep looks awesome.

  • @abby5008
    @abby5008 7 років тому +15

    ur way better than our teacher in the university at making it easier for the students to understand .. thanks alot

    • @CPAStrengthPassion
      @CPAStrengthPassion  7 років тому +13

      Your Welcome. It really makes me happy to be able to help people learn accounting from all parts of the world.

    • @abby5008
      @abby5008 7 років тому +3

      CPA Strength soo true u helped a lot ur great trust me , hope all the best to you and keep going 💪

  • @christansims1141
    @christansims1141 4 роки тому +4

    Thank you for making this!!! You're the whole reason I passed my accounting course. This explains debits and credits better than my book and lecture hall combined.

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +1

      Thank you. I’m glad to read this. Makes me happy inside

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

  • @XxRavensCallingxX
    @XxRavensCallingxX 4 роки тому +1

    Heading back to school for an accounting degree after 5yrs away. These videos so far are a god sent.

  • @heatherhibbler8753
    @heatherhibbler8753 4 роки тому +2

    You have no idea how much your videos are helping me! Back to school at 40 and was feeling defeated as nothing was clicking! Thank you so much!!!!

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +1

      I understand, i was super lost when i went back to school myself, glad my videos could help

  • @nerf826
    @nerf826 4 роки тому +32

    Or you can use: DEA LER which is kinda easier to remember than: Just do it

  • @DechenVlogs101
    @DechenVlogs101 3 роки тому +2

    Am starting my accounting journey from this very page !! Let’s see where it goes . Thank you

  • @saesia
    @saesia 5 років тому +2

    Thinking about going into Accounting for college and came across your video. I will be keeping this in mind from day one to forever. Thank you for your help! ❤️

  • @josephforan3313
    @josephforan3313 4 роки тому +4

    For anyone taking Intro to Accounting (aka Principles of Accounting, Accounting Foundations, etc.), this is the best playlist on the Internet. I had a hell of a bad time with my book but CPA Strength and #DCADELER was what made it all click. I went from an accounting hater to passing the class to now considering getting a CPA license. Strength's grasp on the value of redundant communications (ie making sure everyone remembers DCADELER and accrued = no cash) is right up there with the best profs I've had in any subject. 13/10.

  • @lacycrain2839
    @lacycrain2839 2 роки тому +4

    You think you aren't a teacher, but you are... You are REAL and that's what people need... instead of people who are full of shit.. Thank you for doing these videos.

    • @CPAStrengthPassion
      @CPAStrengthPassion  2 роки тому +4

      Thank you. I realize now 5-6 years after filming these videos on UA-cam that I am a teacher. I’ve helped LOTS of people with learning accounting

  • @bajoobiecuzican
    @bajoobiecuzican 4 роки тому +1

    I've struggled with this concept for years. You just made the lightbulb go on! Thank you!

  • @silverminer1
    @silverminer1 Рік тому +1

    I already know the accounting stuff....I stayed watching because I was facinated by his left hand writing. THAT is a skill I don't have!

  • @msmcgeary
    @msmcgeary 6 років тому +3

    Thank you for this series. They have taught me and pulled together thinking that coursework did not.

  • @kajinashrestha3458
    @kajinashrestha3458 4 роки тому +26

    just remember DEALER
    Dr: Drawings, Expense, Assets
    Cr: Liability, Equity, Revenue

    • @stevearnolrd2732
      @stevearnolrd2732 3 роки тому +1

      Despite the economic crisis, this is a Still a good time to invest in Gold and Crypto.

    • @nelsonvictor50
      @nelsonvictor50 3 роки тому

      The rich spend less and invest more

    • @victoriaperfect1145
      @victoriaperfect1145 3 роки тому

      Investing in these economic crisis will be one of the best thing to do.

    • @stellaphilip3935
      @stellaphilip3935 3 роки тому

      You're right I think Gold and Crypto are the best to invest right now☺️

    • @prosperbauer3683
      @prosperbauer3683 3 роки тому +1

      Gold's are good but crypto is better.

  • @Shumpai
    @Shumpai 3 роки тому

    I’m graduating with business administration associates next month and I’m crying in my accounting 2 class at the moment and someone recommended this to me

  • @bryanperez1407
    @bryanperez1407 4 роки тому +1

    Thank to you I passed the exam after a whole night watching your videos. THANKS

  • @TheMasochrist
    @TheMasochrist 4 роки тому +5

    I've been having such a hard time with remembering these sort of things in my accounting class. This just blew my mind. Thanks so much. It reminds me of soh cah toa in trig haha.

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +2

      You know what. You are totally right about it being very similar to soh cah toa

    • @fmtv7717
      @fmtv7717 3 роки тому

      ua-cam.com/video/OtN5LQQALyE/v-deo.html

  • @MoNoK15
    @MoNoK15 5 років тому +7

    Where were you a year ago!!!!!
    How did I miss this 😭
    I needed you like years ago man 💯

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 років тому

      Sorry bro

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

  • @christinaxcpapa
    @christinaxcpapa 2 місяці тому

    I am currently an accounting student and just came across your videos. Your beginner/ basics/tutorial had me laughing so hard. So helpful and honestly needed that type of explanation. lol Thank you

  • @torimatteson3248
    @torimatteson3248 5 років тому +1

    Thank you for posting. Recently became an accountant at work and this made working with debits and credits so much simpler.

  • @somehowie
    @somehowie 2 роки тому +7

    Clearly explained! I had been struggling for years, the 1 hours whole series helped me a lot! Thank you so much!

  • @mehemojie5024
    @mehemojie5024 5 років тому +4

    Wow that was so perfect! I wish my accounting teacher would have taught me that way my first day!

  • @dreamsmusiq7708
    @dreamsmusiq7708 Рік тому

    I know nothing about accounting but when it comes to any financial institution business stuff I talk like an accountant that's why my friends have encouraging me to do an accounting course to boost my knowledge about finance but before registering for a course I've decided to just subscribe to your channel and equip myself first with the information you're sharing...thankyou

  • @G0LDiLOXX8
    @G0LDiLOXX8 3 роки тому

    You’re literally the BEST!! The debit/credit struggle is real!! Thank you so much 😊 It soooo visual! I love that you’re unapologetically yourself... don’t ever change 😍

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html !

  • @ujangmichael7057
    @ujangmichael7057 8 років тому +5

    this awesome method is giving me new hope in understanding basic financial, thanks pal

    • @CPAStrengthPassion
      @CPAStrengthPassion  8 років тому +1

      +Ujang Michael Awesome, this helped me so much i had to share

  • @ShonPhillips15
    @ShonPhillips15 7 років тому +64

    For equity I always put owner's equity so for me it's DC ADE LOR. It's less confusing than having two E's

    • @mehwishdoll2416
      @mehwishdoll2416 6 років тому +1

      Shon Phillips ya its also good idea

    • @tangifolau8955
      @tangifolau8955 6 років тому

      Shon Phillips p

    • @muhammadusmanraja8336
      @muhammadusmanraja8336 6 років тому

      Shon Phillips yep you got mind and good one.

    • @shakeru9567
      @shakeru9567 6 років тому

      You

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

  • @Rhiannaprice
    @Rhiannaprice 4 роки тому +1

    I have watched several of his videos... you can actually learn from him.. Not the answers to a test but how to do this crazy bookkeeping math and what the computer programs are actually doing. Excellent teaching how people that want to learn learn best, thanks so much!!!

  • @innocentmtenga1916
    @innocentmtenga1916 3 роки тому

    Your the best bro, all my life i didn't get accounting this good, and i even have 3years experience in working, it's like ooh it's that simple😂 4real u opened my eyes, we nid people like u to simplify stuffs, stay blessed live long,

  • @spartankongcountry6799
    @spartankongcountry6799 6 років тому +4

    Excellent explanation. Studying for my first accounting test.

    • @CPAStrengthPassion
      @CPAStrengthPassion  6 років тому

      Do yourself a favor. Practice using DC ADE LER. thank me after your test

  • @lovemuch5129
    @lovemuch5129 4 роки тому +3

    If i know this before I start University. You give me a hope one day I will get my CPA

  • @xAliensful
    @xAliensful 4 роки тому +1

    I want to thank you sir from the bottom of my heart! I've taken accounting courses but they never explained it like this. Yesterday during my job interview the manager asked me a few accounting questions and this popped up on his quiz and I got it right! Thank you so much :D I got the job!!

  • @Chaudoc-ip4mz
    @Chaudoc-ip4mz 4 роки тому +1

    Thanks man! 4 years later! I am now watching ur lessons!🇨🇦😍🇺🇸👍

  • @christinebrown6576
    @christinebrown6576 4 роки тому +4

    I have completed my homework with the bank rec and hopefully, it is right. I will let you know how I did. It is hard learning online.. thanks to you I am making my way.

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому

      Awesome, i am glad i can help. It gives me purpose

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html ..

  • @farrahrios1853
    @farrahrios1853 5 років тому +1

    Thank you so much for your videos. I would of flunked the semester had I not discovered them. DC ADE LER is the first time it's ever made sense to me and I just passed my principles of accounting final because of it. Also the trick of turning everything into cash before labeling it properly was really helpful. Thank you again!!

  • @Angelskris333
    @Angelskris333 4 роки тому +1

    I'm signed for an intro to accounting class this September and figured I'd get a head start of some familiarity so I'm not so lost. Your videos have been teaching me a lot and I love how genuine you are. Makes you easier to understand :) Thank you

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому +1

      You are so welcome. You will crush your class. You know about DC ADE LER. keep writing with that for homework and every class you have. Best of luck to you

    • @Angelskris333
      @Angelskris333 4 роки тому +1

      @@CPAStrengthPassion Thank you, I'll be back to leave an update. I just know I am going to ace this now!! :)

    • @CPAStrengthPassion
      @CPAStrengthPassion  4 роки тому

      yeah, let me know how it goes

    • @HiteshYadavVlogs
      @HiteshYadavVlogs 4 роки тому

      ua-cam.com/users/ACMEHITESH
      Kindly watch Acme Hitesh lectures for better understanding.
      Also subscribe the channel
      Lectures are in Hindi.
      If you will support us.we will add subtitles

  • @bellenott9136
    @bellenott9136 3 роки тому +3

    Imma start my course in one month. And thank you. I love learning in advance!( Tho it will be in French, we will have English class only about the accounting words!) Helping so much, thank you!

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html ..

  • @deborahthemisses
    @deborahthemisses 5 років тому +3

    OMG u should have been my account professor for every accounting/ finance class...I just subb💯

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 років тому

      Better late then never. Thanks for being part of the squad

  • @antonettedarz5775
    @antonettedarz5775 Рік тому +1

    6 yrs ago this was my life saver haha, thank you. Now its time for my little sis so I've recommended this channel

  • @cavidisgenderli683
    @cavidisgenderli683 4 роки тому +1

    Hi everyone from Azerbaijan, I've watched a ton of videos which lasted 10, 20, even 30 minutes so far, but this is out of the world )))) amazing! just in the video of about 5 minutes all is done )) I am really grateful to you.. thanks a bunch :)

  • @llw53one
    @llw53one 5 років тому +5

    Thanks for sharing!

  • @alexandervalladares2501
    @alexandervalladares2501 4 роки тому +3

    Your dedication is relentless... YO YO YO

  • @aytanmammadli8085
    @aytanmammadli8085 Рік тому +1

    Thank you so much for making this knowledge for people like me who cannot afford to buy courses but eager to learn. May life pay you bcaak for your kindness!

    • @CPAStrengthPassion
      @CPAStrengthPassion  Рік тому +1

      You know what? Thank you so much for your comment. I didn't have any money for extra courses, so I wanted to make my best work accessible to someone with no money. All the best

  • @Shay2dye4
    @Shay2dye4 3 роки тому +1

    Great job 👏🏽 and thx I’ve learned so much in just 3 videos. Did accounting before in another country a while ago so this was a refresher class for me.

  • @kenkaneki319
    @kenkaneki319 4 роки тому +4

    Dr:
    1. Assets
    2. Draws
    3. Expenses
    Cr:
    1. Liability
    2. Equity
    3. Revenue

  • @sarasimpson2853
    @sarasimpson2853 5 років тому +3

    Like this... I use "Dead" and "CLCR" where CLCR is Chris Likes Chris Rock and c for capital instead of equity. it helps

    • @CPAStrengthPassion
      @CPAStrengthPassion  5 років тому

      whatever works, and you can keep things in order is good

    • @evelynalice7690
      @evelynalice7690 3 роки тому

      Go shop with @Darkfeet7 on telegram he is the best he has been helping me with card for about three months,

    • @martinwongmue8820
      @martinwongmue8820 3 роки тому

      This is one of the best classes I have ever had thanks

    • @cbsschool4636
      @cbsschool4636 3 роки тому

      ua-cam.com/video/8r-RN5_UHI8/v-deo.html ..

  • @ninjapirate123
    @ninjapirate123 Рік тому +1

    My accounting teacher can't teach properly and once I came to watch your videos, I understand it immediately, so thanks for your help

    • @mathematicaleconomist4943
      @mathematicaleconomist4943 Рік тому

      What sounds harder to your ears? 1. Certified Public Accountant or 2. Masters Degree in Statistics?

    • @ninjapirate123
      @ninjapirate123 Рік тому +1

      @@mathematicaleconomist4943 I'm not even in college yet

    • @mathematicaleconomist4943
      @mathematicaleconomist4943 Рік тому

      @@ninjapirate123 That's so cute! High school, I guess?

    • @ninjapirate123
      @ninjapirate123 Рік тому +1

      @@mathematicaleconomist4943 yes it's my last year in high school

  • @alykatequevasz4324
    @alykatequevasz4324 4 роки тому

    I guess this DC ADE LER has been in my mind for a year now..really helped me a lot

  • @JMrealgamer
    @JMrealgamer 3 роки тому +9

    4:31 he’s like. I am jacked as you can see. Lol! Cool vid bro.

    • @fmtv7717
      @fmtv7717 3 роки тому

      ua-cam.com/video/OtN5LQQALyE/v-deo.html

    • @cbsschool4636
      @cbsschool4636 3 роки тому

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  • @mrgomezs
    @mrgomezs 2 роки тому +2

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