Thank you for actually breaking this down and making it simple as can be. most accounting professors aren’t meant to teach because they don’t know how to explain it and act like the students already know what to do right off the bat
The video is very beautiful and explicative. Sore note that I see in many of your videos: the audio being too low (with headphones I have to keep the volume at maximum to get more or less decent audio), and the closing of the video not leaving time to be able to stop to take notes because already the next video starts (you close the videos as soon as you finish talking, when instead you should leave 5 seconds to give the possibility to block or do something else).
I am sorry to say that, Cash flow direct and direct cannot be explained clearly without the "" T Account "". By seeing the increases and decreases in the "T Account " we see the effect to the cash in or cash out. I like your previous RUclips, white board and black chalk. Black board and white chalk are not clear. Thank you for your help.
Like advances received from customers they are unearned revenues once received (dr cash/bank cr. Unearned revenues) until the company provide the goods or perform the services as per contract. In that case (dr unearned revenues cr. Revenues) recognizing earned revenue. This is all accrual bases accounting, which is required by IFRS and US GAP.
Thank you for actually breaking this down and making it simple as can be. most accounting professors aren’t meant to teach because they don’t know how to explain it and act like the students already know what to do right off the bat
I'm glad you found this helpful!
Note to my future revisiting self: should be $440,000 not $420,000
Great video but it adds up to 440000
Thanks for the video. the collected amount should be 440K not 420K, I think it was a mistake
Fantastic Summary of Cash Flow like all other videos of Edspira. Extremely lucid explanation
this channel is definitely underrated, even better than many of the institute videos out there
Interesting seeing which companies are more heavily reliant on accounts receivables vs cash payments.
Absolute lifesaver
This was so helpful, thank you so much!!
Glad it was helpful!
300 plus 30 plus 110 is $440 not $420?
Looking forward to see the rest upcoming videos about it
great videos, much needed help !
ty !
I am enlightened thank you sir
Your video is very helpful Sir
The video is very beautiful and explicative.
Sore note that I see in many of your videos: the audio being too low (with headphones I have to keep the volume at maximum to get more or less decent audio), and the closing of the video not leaving time to be able to stop to take notes because already the next video starts (you close the videos as soon as you finish talking, when instead you should leave 5 seconds to give the possibility to block or do something else).
Always very helpful.
Simply superb ... Fortune to have come across this channel... Thank you very much🙏
I am sorry to say that, Cash flow direct and direct cannot be explained clearly without the "" T Account "". By seeing the increases and decreases in the "T Account " we see the effect to the cash in or cash out. I like your previous RUclips, white board and black chalk. Black board and white chalk are not clear. Thank you for your help.
What if we’re talking about just the first month of operations for a company. How would you find the cash received from customers?
If the company has in the current period increase in bad debts by 3000 from previous year, do we pay attention to them and deduct them?
what should I do if the problem did not give me the sales revenue. How can I calculate that?
Does sales revenue all cash based? From the formula, it seems to assume all sales revenue is a cash inflow.
when and why does unearned revenue decrease?
probably they completed the service related to the revenue thus they "earned" that particular revenue
Like advances received from customers they are unearned revenues once received (dr cash/bank cr. Unearned revenues) until the company provide the goods or perform the services as per contract. In that case (dr unearned revenues cr. Revenues) recognizing earned revenue. This is all accrual bases accounting, which is required by IFRS and US GAP.
How to do this for other entries?
*Total is $440,000: $300,000 + $30,000 + $110,000. Otherwise an excellent tutorial.*
I notice in my book,they in " net out write offs" what does this mean?
Subtract the bad debt estimate
luv u 4ever
I hate online class😞.
Same
Right here with you