Wild Accounting
Wild Accounting
  • Видео 107
  • Просмотров 120 615
Learn First-in, First-out (FIFO) for Inventory Costing in Minutes!
First-in, First-out (FIFO) inventory costing (under a periodic inventory system) with this detailed tutorial. The FIFO method assumes that the earliest inventory items purchased are the first to be sold. This method is applicable when dealing with identical units, such as gallons of milk, but not suitable for unique items like custom artwork.
We walk through a practical example and discuss important calculations and their implications.
This step-by-step guide will help you effectively use the FIFO method.
Don’t forget to like, comment, and subscribe for more accounting tutorials!
Jonathan M. Wild
www.wildaccounting.com
#accounting #accountingstudent #accountingbasics #financialaccounting #fifo...
Просмотров: 155

Видео

LIFO or Last-in, First-out (Periodic)
Просмотров 853 месяца назад
Discover LIFO as we guide you through mastering inventory costing under a periodic inventory system. In this video, you'll learn the fundamentals of the Last-in, First-out (LIFO) method, where the most recent inventory items purchased are the first to be sold. We begin with an easy-to-understand example, demonstrating how a company that purchases units at different prices records sales using LI...
Mastering Days' Sales In Inventory Ratio | Accounting Essentials
Просмотров 1453 месяца назад
In this video, we understand the Days Sales in Inventory (DSI) ratio and its implications for business operations and strategy. We begin explaining how DSI measures the efficiency of inventory management by indicating how many days a company can sustain its current sales level with its existing inventory, without needing to replenish stock. This metric is crucial for businesses to gauge their i...
Understanding Return on Equity (ROE) | Financial Accounting
Просмотров 673 месяца назад
In this accounting video, we cover Return on Equity (ROE) and its significance in financial analysis. ROE is a key metric used to assess how efficiently a company generates net income for its equity shareholders. To compute ROE, you divide Net Income by Average Total Equity. Understanding this ratio helps investors gauge how effectively a company utilizes equity to generate profits. Comparing R...
DuPont Analysis Explained: Step-by-Step Tutorial
Просмотров 1313 месяца назад
Hi, I'm Jonathan Wild! In this video, we break down DuPont Analysis! I explain how DuPont Analysis can provide a detailed insight into what drives a company's Return on Equity (ROE). By dissecting ROE into three critical components - Profit Margin, Asset Turnover, and Leverage - you'll gain a clearer understanding of a company's financial performance. Profit Margin reveals how efficiently a com...
How to Account for Warranties | Financial Accounting
Просмотров 1663 месяца назад
Today we're covering warranties and how to account for them, specifically from the seller's perspective. When you purchase something substantial, like a new car, it often comes with a warranty. But what exactly is a warranty? It's a promise made by a company to repair or replace defective products within a specified period, whether it's 90 days or even 5 years. Now, here's where accounting for ...
Purchase and Sale of Treasury Stock
Просмотров 1023 месяца назад
Hey there everyone! Today, we're diving into the fascinating world of treasury stock-what it is, how it's recorded, and what happens when a company decides to buy back or reissue its shares. Treasury stock represents shares that a company buys back from its shareholders. Companies might do this to boost their stock price or improve financial ratios. It's important to note that treasury stock do...
Earnings per Share Ratio | Accounting Simplified
Просмотров 763 месяца назад
Hey everyone, Jonathan Wild here! Today, we’re going to dive into a fundamental financial metric known as Earnings Per Share. Earnings Per Share represents how much money a company earns for each share of its stock. It's a direct indicator of a company's profitability and is often used by investors to assess the company's financial strength and performance. In this video, we will analyze Earnin...
Debits and Credits Explained!
Просмотров 1,1 тыс.4 месяца назад
Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent
Trial Balance Explained | Financial Accounting
Просмотров 4234 месяца назад
Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent #accountingbasics
Recording and Posting Journal Entries for Corporations | Introductory Accounting
Просмотров 3904 месяца назад
Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent #accountingbasics
Debt Ratio and Equity Ratio | Financial Accounting
Просмотров 6946 месяцев назад
Hey everyone, Jonathan Wild here! Today, we're going to break down two crucial financial metrics: the Debt Ratio and the Equity Ratio. These ratios are essential for understanding a company's financial structure and how it manages its funding. Whether you're an investor, a financial analyst, or just curious about financial metrics, understanding these ratios can provide valuable insights into a...
Components of Return on Total Assets | Financial Accounting
Просмотров 1806 месяцев назад
Hey everyone, Jonathan Wild here! Today, we're going to dive deep into analyzing a company's Return on Total Assets. This metric is crucial as it helps us understand how efficiently a company is using its assets to generate net income. We'll break this down into its two main components: Profit Margin and Total Asset Turnover. When these two metrics are multiplied together, they give us the Retu...
Computing Dividend Yield | Financial Accounting
Просмотров 696 месяцев назад
Hey everyone, Jonathan Wild here! Today, we're going to delve into how to compute Dividend Yield, a key metric for investors who are interested in the income generated from their stock investments relative to the stock’s price. Dividend Yield measures how much a company pays out in dividends each year relative to its stock price. It’s expressed as a percentage and can be a signal of how a compa...
Price Earnings Ratio | Financial Accounting
Просмотров 756 месяцев назад
Hey everyone, Jonathan Wild here! Today, we're going to dive into a crucial metric for stock investors: the Price-Earnings Ratio, commonly known as the P/E Ratio. The P/E Ratio is a widely used stock evaluation tool that compares a company's current share price to its earnings per share. This ratio provides a snapshot of what the market is willing to pay today for a stock based on its earnings....
How to Compute the Debt to Equity Ratio | Financial Accounting
Просмотров 1146 месяцев назад
How to Compute the Debt to Equity Ratio | Financial Accounting
Times Interest Earned Ratio | Financial Accounting
Просмотров 1,4 тыс.6 месяцев назад
Times Interest Earned Ratio | Financial Accounting
Accounting for Purchases of Merchandise | Financial Accounting
Просмотров 4516 месяцев назад
Accounting for Purchases of Merchandise | Financial Accounting
How to Account for Equity Investments with Insignificant Inflluence | Financial Accounting
Просмотров 1096 месяцев назад
How to Account for Equity Investments with Insignificant Inflluence | Financial Accounting
Debt Investments as Trading Securities | Financial Accounting
Просмотров 1376 месяцев назад
Debt Investments as Trading Securities | Financial Accounting
How to Account for Sales Taxes Payable
Просмотров 3296 месяцев назад
How to Account for Sales Taxes Payable
Acid Test Ratio | Financial Accounting
Просмотров 2,1 тыс.6 месяцев назад
Acid Test Ratio | Financial Accounting
How to Record Preferred Stock Cash Dividends
Просмотров 2726 месяцев назад
How to Record Preferred Stock Cash Dividends
How to Compute Return on Assets | Financial Accounting
Просмотров 3736 месяцев назад
How to Compute Return on Assets | Financial Accounting
How to Compute the Debt Ratio | Financial Accounting Explained!
Просмотров 2466 месяцев назад
How to Compute the Debt Ratio | Financial Accounting Explained!
Accounts Receivable Turnover | Financial Accounting
Просмотров 2,2 тыс.6 месяцев назад
Accounts Receivable Turnover | Financial Accounting
Days Payable Outstanding | Accounting
Просмотров 1526 месяцев назад
Days Payable Outstanding | Accounting
Total Asset Turnover | Accounting Basics
Просмотров 7586 месяцев назад
Total Asset Turnover | Accounting Basics
Gross Margin Ratio | Financial Accounting
Просмотров 2196 месяцев назад
Gross Margin Ratio | Financial Accounting
Days Sales Uncollected (Outstanding) Ratio | Financial Accounting
Просмотров 2596 месяцев назад
Days Sales Uncollected (Outstanding) Ratio | Financial Accounting

Комментарии

  • @angemarieanaiscecilemondon7058
    @angemarieanaiscecilemondon7058 2 дня назад

    Thanks so much

    • @wildaccounting
      @wildaccounting 2 дня назад

      You're welcome! Thanks for your support.

  • @kaylascherff7824
    @kaylascherff7824 8 дней назад

    To calculate Income from operations you take Gross profit - Total operating expenses = operating Income Overall this really helped!

    • @wildaccounting
      @wildaccounting 8 дней назад

      Awesome! Glad to hear it was helpful.

  • @tayfam6805
    @tayfam6805 9 дней назад

    Thank you so much for these videos. I enjoyed your style of presentation.

    • @wildaccounting
      @wildaccounting 8 дней назад

      You are so welcome! Thanks for the feedback!

  • @Overitall23
    @Overitall23 11 дней назад

    Thank you for your hard work in explaining when my accounting teacher won’t

  • @alex41173
    @alex41173 20 дней назад

    You are very good and the graphics are amazing. Thanks. I'll share with my peeps!

  • @maryrocco6292
    @maryrocco6292 20 дней назад

    I have a midterm Tuesday thank you so much

  • @fjkiller531
    @fjkiller531 21 день назад

    Can u make a video on how to create a analysis chart.

  • @aname2085
    @aname2085 21 день назад

    Amazing for sure ,it's simple and easy to understand . thank you very much 💗💗💗

  • @Ian18741
    @Ian18741 24 дня назад

    useful, appreciate it

  • @DavidTexas340
    @DavidTexas340 Месяц назад

    So helpful!!! Thank you so much!!

  • @antweeff1037
    @antweeff1037 Месяц назад

    Wonderful video, appreciate the easy to digest info. You got the teaching chops man!

  • @Butterflypair
    @Butterflypair Месяц назад

    Amazing explanation!❤️

  • @Ausafkhan313
    @Ausafkhan313 Месяц назад

    Hi Jonathan you are amazing man the way you tried to teach us is amazing,Thanks for making such vedio it is very easy to understand .Keep it up bro 👍

    • @wildaccounting
      @wildaccounting Месяц назад

      My pleasure! Thanks for the kind words.

  • @NikolasKoscher
    @NikolasKoscher Месяц назад

    appreciate the enthusiasm! most accounting videos are super boring. Thank you

  • @NtombiyokuthulaMoyo
    @NtombiyokuthulaMoyo Месяц назад

    Is preproduction testing part of the cost of a machine

  • @pubgmobileclashroyale4725
    @pubgmobileclashroyale4725 Месяц назад

    Excellent video

  • @pubgmobileclashroyale4725
    @pubgmobileclashroyale4725 Месяц назад

    Good video

  • @pubgmobileclashroyale4725
    @pubgmobileclashroyale4725 Месяц назад

    Good video bro, I wonder why you have low views, your explanation is quick and great though

  • @dinolucas2697
    @dinolucas2697 Месяц назад

    Hello, i need some help on classify property plant and equipment for determining the cost. Could you please help me?

  • @Jaxie-p9t
    @Jaxie-p9t 2 месяца назад

    Really well explained, thank you! For sales allowances, why do you credit Accounts Receivable? What happens to that as time goes by-- like will you always carry these accounts receivable on your books? Thank you

  • @pubgmobileclashroyale4725
    @pubgmobileclashroyale4725 2 месяца назад

    Video is great, you should have more views

  • @normacooks6749
    @normacooks6749 2 месяца назад

    Yearly depreciation expense = 4,800 One month depreciation= 400 🤔 ?

    • @wildaccounting
      @wildaccounting 2 месяца назад

      That’s right! Good work 👍🏼

  • @basavasumasri2798
    @basavasumasri2798 2 месяца назад

    Short length much more content Really nice to learn from you sir.

    • @wildaccounting
      @wildaccounting 2 месяца назад

      Thanks for watching! Glad it’s helpful.

  • @MaiaMumladze
    @MaiaMumladze 2 месяца назад

    thank you

  • @Cameron-g8n
    @Cameron-g8n 2 месяца назад

    I like how you explain everything in a way that makes accounting seem fun. Wish my online instructional videos had the same type of enthusiasm 😂

    • @wildaccounting
      @wildaccounting 2 месяца назад

      I appreciate your kind words and positive feedback! Thank you!

  • @artforest1288
    @artforest1288 3 месяца назад

    Thanks

  • @sweetlolipopyoutuber
    @sweetlolipopyoutuber 3 месяца назад

    Hey Jonathan, I just wanted to let you know that you're my absolute favorite accounting RUclipsr. As someone majoring in accounting, the courses are becoming increasingly challenging, and In general I have a pretty bad attention span. However, your videos are short, informative, and to the point, which is a refreshing change. I'm very grateful for the content you provide and because for the first time in a while I've been able to focus. Please keep creating videos! I'm determined to earn my degree thanks to your channel. (:

  • @kyawzeya555
    @kyawzeya555 3 месяца назад

    Sir, I have a food service business. My daily food production is 2000$. My total daily sales is 1800$ and leftover 200$ value of food are lost because of expired. So please how do I calculate shrinkage?

  • @GraceCreatesLivingSpace
    @GraceCreatesLivingSpace 3 месяца назад

    Not bad, can you go into the sinking fund account? That was my cpa exam review question that I’d never heard of.

  • @patrickroberts4615
    @patrickroberts4615 3 месяца назад

    thank you so much! I am a first-year accounting student and you made this topic very easy to understand!

  • @lovedika1
    @lovedika1 3 месяца назад

    Love this incredible video! 😍

  • @hihjn
    @hihjn 4 месяца назад

    Nice job! keep it up

  • @miaconjee9631
    @miaconjee9631 4 месяца назад

    Thank you

    • @wildaccounting
      @wildaccounting 4 месяца назад

      You're welcome. Thanks for watching!

  • @valerienava8230
    @valerienava8230 4 месяца назад

    Great and easy explanation. Thank you!!

  • @meanzev
    @meanzev 4 месяца назад

    youve saved my life

  • @nachoebay7109
    @nachoebay7109 4 месяца назад

    bro you clutched up fr.

  • @conniewong9874
    @conniewong9874 4 месяца назад

    awsome vids! love how enthusiastic the video is

    • @wildaccounting
      @wildaccounting 4 месяца назад

      Thanks! I appreciate your kind words!

  • @СофияШумейко-г5п
    @СофияШумейко-г5п 4 месяца назад

    Thank you very much! Please, explain the difference between deferred revenues and accounts payable, thank you!

  • @СофияШумейко-г5п
    @СофияШумейко-г5п 4 месяца назад

    Great!

    • @wildaccounting
      @wildaccounting 4 месяца назад

      Thanks for your positive feedback!

  • @СофияШумейко-г5п
    @СофияШумейко-г5п 4 месяца назад

    Thank you very much!

  • @arlenaf.3503
    @arlenaf.3503 4 месяца назад

    Thanks for sharing.

  • @trantrungduong2458
    @trantrungduong2458 4 месяца назад

    This video is actually helpful, you should have more viewers !

    • @wildaccounting
      @wildaccounting 4 месяца назад

      Thanks so much for the kind words!

  • @JabirZamqn
    @JabirZamqn 4 месяца назад

    Sir could you please teach me individually

  • @Prakashpant39
    @Prakashpant39 5 месяцев назад

    Nice 🎉🎉

  • @PoonamSharma-xz4bd
    @PoonamSharma-xz4bd 5 месяцев назад

    Great explanation... thank you 😊

  • @Bnd17r
    @Bnd17r 5 месяцев назад

    Brief and clear explanation, thanks a lot and keep going👍

  • @agustinaeloisazalazar1349
    @agustinaeloisazalazar1349 5 месяцев назад

    Do you recommend any course to specialize in blockchain as an accountant ?

  • @agustinaeloisazalazar1349
    @agustinaeloisazalazar1349 5 месяцев назад

    I agree

  • @khouloudgabsi1034
    @khouloudgabsi1034 5 месяцев назад

    Thank you that was helpful

  • @Kasairi
    @Kasairi 5 месяцев назад

    Thanks for the quick breakdown! Straight to the point! This helped A LOT.