Basic Cost Concepts...with a touch of humor | Managerial Accounting

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  • Опубліковано 22 сер 2024

КОМЕНТАРІ • 190

  • @ashkanviliaei1565
    @ashkanviliaei1565 3 роки тому +55

    Michael you are an inspiring person that takes the accounting profession education to the next level. These days, people ONLY desire earning money and you have changed this mindset. I appreciate your enthusiasm and thank you for producing great contents !!

    • @Edspira
      @Edspira  3 роки тому +3

      Wow, thank you my friend!

  • @pinballmaster8734
    @pinballmaster8734 3 роки тому +37

    This man is an American hero

    • @Edspira
      @Edspira  3 роки тому

      Thank you for such kind words my friend!

  • @GreysonAuctor
    @GreysonAuctor Рік тому +35

    I have ADHD and I struggle to focus on complex concepts but I had no problem with this video. The fast paced humor and information is exactly what I need. Thank you so much 😊

    • @Edspira
      @Edspira  Рік тому +2

      No problem, I'm glad you enjoyed this style of video!

  • @pineappleognam421
    @pineappleognam421 3 роки тому +56

    Just Wow. Loving the new virtual face-to-face setup. & of course,the humor 😂 . Thanks a lot for sharing your gift Sir

    • @Edspira
      @Edspira  3 роки тому +2

      No problem my friend!

  • @evolutionbe7150
    @evolutionbe7150 3 роки тому +21

    Wow, a face behind the man that helped me graduate. Thank you so much for your videos they really help accounting students who have negligent professors (like i did.) Your videos on bonds really saved me!

    • @Edspira
      @Edspira  3 роки тому +1

      Thank you for the kind note! I'm sorry your professors were incompetent, but I'm glad the videos were of help to you. I hope you're doing well!

  • @jamesko9631
    @jamesko9631 3 роки тому +15

    I am in process of taking CPA exams and your lectures have been tremendously helpful. Thank you.
    By the way, I never realized you can smile while learning about cost accounting :)

    • @Edspira
      @Edspira  3 роки тому +3

      I'm glad you enjoyed the video! Good luck on the CPA exam!

  • @Leafgirl99
    @Leafgirl99 2 роки тому +8

    I just learned more from you in 7 minutes then I did from my online "instructor" in 3 plus months! Well Done lol

    • @Edspira
      @Edspira  2 роки тому +1

      Thank you! I'm sorry your instructor was awful!

  • @Bnelen
    @Bnelen 3 роки тому +7

    Good job! Haven't been following the channel for all that long, but you've created a new approach here. I hope you carry this style into more and more complicated areas. Never stop experimenting.

    • @Edspira
      @Edspira  3 роки тому +1

      Thanks, will do!

  • @Patrick-qk2tl
    @Patrick-qk2tl 3 роки тому +3

    Exactly the right mixture of humour and facts! And very well-chosen examples! Love it!

    • @Edspira
      @Edspira  3 роки тому

      Glad you enjoyed it!

  • @Wiz99999
    @Wiz99999 3 роки тому +2

    Face to face is certainly better than your traditional videos! It's nice to see the person who we're learning from.

    • @Edspira
      @Edspira  3 роки тому

      I'm glad you enjoyed it!

  • @jdtaylor99yt
    @jdtaylor99yt 3 роки тому +8

    Excellent! Great information. And your humor has only improved since your Toastmaster days. I look forward to future videos. Who knows? I might even learn something!

    • @Edspira
      @Edspira  3 роки тому

      Thank you Joe! I learned a lot from you; I still remember you delivering outstanding speeches with no notes whatsoever. I hope you are doing well!

  • @madinabonuturdalieva8299
    @madinabonuturdalieva8299 Рік тому +1

    Mr. Mclaughlin, wow, you do know how to speak, how to teach. Thank you so much for making these amazing videos!

    • @Edspira
      @Edspira  Рік тому

      Wow, thank you so much!

  • @heiselblock
    @heiselblock 3 роки тому +16

    genuinely laughed out loud about the groundhogs 1:27

    • @Edspira
      @Edspira  3 роки тому +1

      I'm glad you liked that!

    • @heiselblock
      @heiselblock 3 роки тому +1

      @@Edspira it was totally worth the cost.

  • @tokenstandpoint93
    @tokenstandpoint93 3 роки тому +6

    OMG this was awesome 😂!
    I hope you do more videos in this fashion. You can be the John Oliver of Accounting!

    • @Edspira
      @Edspira  3 роки тому

      I'm so happy that you enjoyed it!

  • @Gavsenberg
    @Gavsenberg 3 роки тому +3

    Keep up the Good work, Michael.
    And the new segment "Humour" is another wonderful addition 😂

    • @Edspira
      @Edspira  3 роки тому

      I'm so glad you enjoyed it!

  • @tarekalsherif57
    @tarekalsherif57 3 роки тому +6

    That is really amazing funny and clear explanation! Very nice new presentation.
    Thank you Michael

    • @Edspira
      @Edspira  3 роки тому +1

      I'm glad you liked it Tarek!

  • @MrDjugashvili
    @MrDjugashvili 3 роки тому +6

    Lucky those students who have him as a teacher!

  • @amuni4
    @amuni4 6 місяців тому +1

    mannn, I am in my last semester and I have acct 320. My professor is really nice, but hard to learn from. you sir are THE GOAT 🤝🏽

  • @sessions1617
    @sessions1617 11 місяців тому

    so glad I found this channel. I wish every accounting class was taught this way. 😀

  • @lungelozain3100
    @lungelozain3100 Рік тому +3

    This is just TOO GOOD!!🥺💯😫Thank you Professor

  • @djsalyers
    @djsalyers Рік тому

    Brilliant video! I just started my managerial accounting course and this was recommended by our professor. Really helped me understand these basic cost concepts and just how broad the term "cost" can be.

  • @lisaverweij8806
    @lisaverweij8806 11 місяців тому

    Gotta agree with the other people commenting! The energy and enthusuiasm you have for this profession is glorious! I want to be just like that when I'm done with my exams, I'm doing ACCA in Ireland.🤩

  • @Archlense
    @Archlense Рік тому

    ONE OF THE BEST ACCOUNTING CHANNELS EVER!!!! i wish i came across your page years ago!

  • @jeromerouge1979
    @jeromerouge1979 3 роки тому +4

    Excellent !!! Learning with fun :)

    • @Edspira
      @Edspira  3 роки тому

      Thank you! Cheers!

  • @smor8346
    @smor8346 3 роки тому +2

    Very informative, and quite humorous at times, very epic 10/10

    • @Edspira
      @Edspira  3 роки тому +1

      Glad you enjoyed it!

  • @royane3199
    @royane3199 3 роки тому +2

    Wow 🤩 amazing video , I love it . Thank you Michael 🙏 I have management accounting subject , this semester and how lucky I am to watch your videos, makes it more exciting my study 😊 please continue your videos , because what you do is life saver ❤️

    • @Edspira
      @Edspira  3 роки тому

      Thank you for the kind words! I hope you do great in your course!

  • @rachelwong3474
    @rachelwong3474 3 роки тому +1

    You are so amazing! you're making me enjoy learning. it actually kind of feels like watching TV, yet i'm able to review my accounting concepts and hope to eventually write my CPA exam (in Canada!) will keep you updated! thanks for your kindness and generosity!!! really appreciate it!!!

    • @Edspira
      @Edspira  3 роки тому

      Thank you so much! I hope your life and career are going phenomenal!

  • @jennyluu4265
    @jennyluu4265 3 роки тому +1

    you are just the best man. thank you for making these videos seriously.

  • @JH-nv4km
    @JH-nv4km 3 роки тому +1

    I would've loved to have had you as a professor, your vids on financial accounting really helped me with FAR

    • @Edspira
      @Edspira  3 роки тому

      Thank you, I'm glad you found the videos helpful!

  • @fulya3826
    @fulya3826 Місяць тому

    this was crazy enjoyable, happy to find you!!! wish me luck in upcoming managerial acc exam 😊

  • @YuyaD139
    @YuyaD139 11 місяців тому +1

    one of the best videos of education I ever seen !

    • @Edspira
      @Edspira  11 місяців тому

      That means a lot. Thank you so much!

  • @nyambesimangolwa5755
    @nyambesimangolwa5755 8 місяців тому

    I'd love to support your work! You're an international treasure and we such content to keep coming 🎉

  • @billhershey6105
    @billhershey6105 2 роки тому +1

    Nice work - way to spice up cost accounting...let's get you on stage at one of the accounting events!

  • @varunsinha1605
    @varunsinha1605 3 роки тому +1

    You are doing a great job ... your videos are life changing.... can't thank you enough...

    • @Edspira
      @Edspira  3 роки тому

      You just made my day! Thank you :)

  • @ivanRobable
    @ivanRobable 3 роки тому +1

    Best educational video I've watched

  • @anatulymaimany
    @anatulymaimany 3 роки тому +3

    Thank you for another surprise. Great explanation.

  • @selena1094
    @selena1094 3 роки тому +4

    Love your videos!

  • @junwang9288
    @junwang9288 3 роки тому +1

    you are the best accounting teacher!

    • @Edspira
      @Edspira  3 роки тому

      Thank you! 😃

  • @Nott_Fifi
    @Nott_Fifi 3 роки тому +1

    love from Canada! I clicked the thumb up even before I watched the video.

    • @Edspira
      @Edspira  3 роки тому

      Thank you my friend!

  • @July-ct7pp
    @July-ct7pp 2 роки тому

    Oh shit! I never knew accounting could be so fun to learn! Thank you for implementing comedy into your lecture it made learning the concept much more enjoyable

    • @Edspira
      @Edspira  2 роки тому

      We are currently testing some different styles of videos to see what the audience likes best. Glad you liked this!

  • @jameseldridge3445
    @jameseldridge3445 2 роки тому +1

    McGraw Hill is great but for some reason I learn better practically than from reading the book. Many thanks for simplifying

    • @Edspira
      @Edspira  2 роки тому

      No problem my friend

  • @mjt_00
    @mjt_00 10 місяців тому

    Damn, I wish you would be my professor. You are crazy good in explaining things!!

  • @martinmichalik5228
    @martinmichalik5228 2 роки тому +1

    Accounting is quite honestly the worst thing on Earth and I believe accountants are nothing short of sadists, but you make it bearable sir. Love your humor

  • @SVIJAYVITTAL
    @SVIJAYVITTAL 3 роки тому +2

    Thank you for the video Sir Please continue this type of videos in future it's very helpful.

    • @Edspira
      @Edspira  3 роки тому +2

      I'm glad you liked the new video style!

  • @wilsonmoscoso4620
    @wilsonmoscoso4620 2 роки тому +1

    Michael, you are the best of the best!!! A Maestro.

    • @Edspira
      @Edspira  2 роки тому

      Thank you my friend!

  • @cathalodoherty1988
    @cathalodoherty1988 3 роки тому +1

    This was just great to watch ! Great revision too!

  • @chordnificent
    @chordnificent 3 роки тому +2

    Amazing video, hope you’re still creating

    • @Edspira
      @Edspira  2 роки тому +1

      Indeed I am, thank you for the support!

  • @dithishetty6120
    @dithishetty6120 3 роки тому +1

    What an awesome teacher , I have always loved your videos , you make it easy for an old person who is not an accounting person easy to understand this course well , thank you , this video is hilarious too

    • @Edspira
      @Edspira  3 роки тому +1

      Thank you for the kind words my friend!

  • @littlebee33
    @littlebee33 3 роки тому +1

    Thank you so much for this video! Loved the humor sprinkled in haha!

    • @Edspira
      @Edspira  3 роки тому +1

      Glad you enjoyed it!

  • @teresarivera8098
    @teresarivera8098 3 роки тому +1

    Loved this video! Thanks so much for taking the time to make it lively :). It really helped me understand the concept.

    • @Edspira
      @Edspira  3 роки тому

      Glad it was helpful!

  • @commoncents1822
    @commoncents1822 2 роки тому +1

    I finally put a face behind the name. I love your videos.

    • @Edspira
      @Edspira  2 роки тому

      Thank you for your support! I hope you are doing well!

  • @maurynpainto4007
    @maurynpainto4007 3 роки тому +1

    I love this. On point even if you are sleepy.

  • @Little_Tough_One
    @Little_Tough_One 3 роки тому +1

    I can use more of these videos. It really helps with learning and keeping engaged. Currently studying for FAR exam.

    • @Edspira
      @Edspira  3 роки тому

      Good luck on the test!

  • @laurenjotch5564
    @laurenjotch5564 3 роки тому +1

    This is the best video I've seen

  • @Teewaree13
    @Teewaree13 3 роки тому +1

    Thanks - I’m taking a management accounting starting July 1st📊📆📅🗞

  • @solohparaeso
    @solohparaeso 2 роки тому +1

    Muchas gracias por el material, lo he escuchado con atención y me gusta su modo pedagógico. Gracias!! Tu material es genial.

  • @hazemkamalmaz8772
    @hazemkamalmaz8772 2 роки тому +2

    im sure that you are able to be a comedian writer boss 🙂. you have this gift beside an accounting tutor ❤️ . what an objective sense humor lecture 😍😍

    • @Edspira
      @Edspira  2 роки тому

      Thank you so much 😀

  • @cutiepato
    @cutiepato 3 роки тому +1

    I wish my teacher speaks like you... like both my accounting prof this semester keep making pauses, repeating what they said, and speak so slow. Basically an equation for me wanting to sleep

    • @Edspira
      @Edspira  3 роки тому

      Sorry to hear your accounting prof is subpar. But I'm glad you enjoyed the video!

  • @william_ochieng
    @william_ochieng 3 роки тому +9

    "Unless you're in Las Vegas..." 😂😂

  • @yinyin7614
    @yinyin7614 2 роки тому +1

    Excellent video. I learned a lot. Thanks

    • @Edspira
      @Edspira  2 роки тому

      Glad you enjoyed it!

  • @michaelrabinovitch2120
    @michaelrabinovitch2120 3 роки тому +1

    Needed this. Thank you very much. Amazing job

  • @Daniel.Hernandex
    @Daniel.Hernandex 2 роки тому +1

    LMAO 😂 IGUANA RACES!!!! I’m freaking dying lmao!!!!!! Great video! Love the energy

    • @Edspira
      @Edspira  2 роки тому

      I'm glad you liked it! I put my heart and soul into that video 😀

  • @accountingencounters2770
    @accountingencounters2770 3 роки тому +1

    Love the new style!

  • @danielrichardson362
    @danielrichardson362 3 роки тому +1

    As a UConn alum who had a friend named Pete, this feels like a personal attack... on another note thank you for all the accounting videos, they are beyond helpful in understanding some of these concepts.
    Ps. Don't visit the UConn puppetry museum, it's terrifying

  • @classiccatastrophe1518
    @classiccatastrophe1518 3 роки тому +1

    sir you are a life saver

  • @imanma1868
    @imanma1868 3 роки тому +1

    Love this!!! Thank you for your videos

    • @Edspira
      @Edspira  3 роки тому

      Glad you like them!

  • @TIGREinVOLO
    @TIGREinVOLO Рік тому +1

    excellent intro for newbies like me

    • @Edspira
      @Edspira  Рік тому

      Glad you liked it!

  • @kirtwarren1921
    @kirtwarren1921 3 роки тому +1

    Love the WOW reference.

  • @christiandiaz3307
    @christiandiaz3307 Рік тому +1

    This guy is awesome! I LOLed multiple times hahahah

  • @mskies6065
    @mskies6065 2 роки тому +1

    Awesome video

  • @william_ochieng
    @william_ochieng 3 роки тому +1

    OMG I love this so much!! 😂😂

    • @Edspira
      @Edspira  3 роки тому +1

      I'm glad you liked it!

    • @william_ochieng
      @william_ochieng 3 роки тому +1

      @@Edspira Keep it up sir, you're the best!!

  • @OmarWannaHike
    @OmarWannaHike 5 місяців тому

    I am a sucker for large collection of books with similarly designed covers.

  • @kaleabemiyayu1392
    @kaleabemiyayu1392 Рік тому +1

    i enjoyed it so much dang it amazing

  • @urniece4184
    @urniece4184 2 роки тому +1

    THANK YOU SO MUCH

    • @Edspira
      @Edspira  2 роки тому +1

      It was my pleasure!

  • @doncarlodinero
    @doncarlodinero 9 днів тому

    very entertained, thx

  • @arianna7579
    @arianna7579 Рік тому

    you're so awesome!

  • @dioleonwolf9577
    @dioleonwolf9577 Рік тому

    This book I’m reading has 34 chapters, it takes me 30 minutes to read 1; I wake up at 9:00am and sleep at 10:00pm. I spend 2 hours doing my afternoon walk. Now using all this information, how many days would it take me to finish reading the book?

  • @Blueberryminty
    @Blueberryminty Рік тому

    I was looking for some summarizing video's on managerial accounting and came across this good content, but for some dark, unknown reason was spiked up with some unnecessary narrowminded and belittling humor. oh well to each their own. the overview of the concepts was good.

  • @user-wy5ne7nm1n
    @user-wy5ne7nm1n 2 місяці тому

    As part of my acca journey, I'm learning MA. Could you suggest a book that would be beneficial to me for my MA?

  • @MyFinancialFocus
    @MyFinancialFocus 2 роки тому +1

    Nothing like Dad jokes and accounting.

  • @calefrequena9106
    @calefrequena9106 3 роки тому +2

    Can you do a series on Cash Flows. (If you don’t have open)

    • @Edspira
      @Edspira  3 роки тому +1

      I currently have 16 videos on the Statement of Cash Flows. Here is a link to our financial accounting index, which is often easier to navigate than the UA-cam playlist. www.edspira.com/index-financial-accounting/

  • @bigwiill006
    @bigwiill006 Рік тому

    Awesome content 😂

  • @laurentgattereau1613
    @laurentgattereau1613 Рік тому

    amazing

  • @KumR
    @KumR 2 роки тому +1

    Where does SG&A fit into what u explained?
    What about R&D expenses ?

    • @Edspira
      @Edspira  Рік тому

      SG&A and R&D are period costs and are expensed when incurred (in contrast to product costs, which are capitalized to the inventory account and expensed when the inventory is sold)

  • @susys8501
    @susys8501 9 місяців тому

    Wtf did I just watched 😂😂😂 dude you are hilarious!!!

  • @biggestmanonearth2748
    @biggestmanonearth2748 Рік тому

    Sounds like a plan...... Haha much appreciated

  • @Jen8765_
    @Jen8765_ 2 роки тому +1

    I wish you were my professor lol

  • @martynmckail8882
    @martynmckail8882 3 роки тому +1

    Can't beat Punxatawney Phil.

  • @barackobama3719
    @barackobama3719 10 місяців тому +1

    thanks for this video, sir. i'd be more than hapy to buy a course on udemy if you ever consider makiing one

  • @alumi9818
    @alumi9818 3 роки тому +1

    Hey, could you somehow send us the list of the books seen on your book shelf?

    • @Edspira
      @Edspira  3 роки тому

      Do you mean just the business books? Some of the books in the background are novels, or foreign language books

    • @alumi9818
      @alumi9818 3 роки тому +1

      @@Edspira Yes, all econ-related books. Sorry for the late reply.

    • @Edspira
      @Edspira  2 роки тому

      Poor Economics, The Rise and Fall of American Growth, Blue Ocean Strategy, The Lean Startup, Measure What Matters, Good Strategy / Bad Strategy, Fordlandia, Out of the Crisis, Playing to Win, The Economics of Poverty

    • @alumi9818
      @alumi9818 2 роки тому

      @@Edspira Thank you

  • @BraydenOxley
    @BraydenOxley 8 днів тому

    My brain definitely isn't going to explode but it might be the drugs I took like you had stated

  • @ngamin5234
    @ngamin5234 22 дні тому

    good

  • @chew_tunes
    @chew_tunes Рік тому +1

    Who’s going to eat all this kale?! Lmaooooo 😂

    • @Edspira
      @Edspira  Рік тому

      Sounds like it's something that could have happened in real life!

  • @JettingChen
    @JettingChen 13 днів тому

    3:52

  • @chase78966
    @chase78966 3 роки тому +1

    Come to barbados and lecture 😭

  • @iam_izzi
    @iam_izzi 3 роки тому +2

    wait. how did he know I took drugs this morning

  • @abdirahmanmohamed5568
    @abdirahmanmohamed5568 3 роки тому +1

    you are exactly how I imagined you'd look like.

  • @natebullock7180
    @natebullock7180 12 днів тому

    Could be the drugs you took this morning 😅

  • @fishtacos007
    @fishtacos007 3 місяці тому

    I think you mean a level 70 "mage"

  • @ariah5093
    @ariah5093 3 місяці тому

    Puppetry majors rn: 👀