It's really amazing the way you teach explain & present the topic, information in sophisticated manner. Deep analysis, intelligent inference, erudite in every sense not only this video but almost all the stuff on this channel. Please do keep edifying us. You really are a good Samaritan for us. Gratitude and many thanks.
you all prolly dont care at all but does anybody know a method to log back into an Instagram account?? I was dumb lost the login password. I love any help you can offer me
Wow, it is a brilliant way to explain on Accounts Payable vs. Accrued Expenses on the 3 Financial Statements in your detailed instructions. I loved the visualized examples. It was easy to understand. You are very kind to share your knowledge with us. I loved your spreadsheets too. I downloaded and saved in my folder. Two thumps up!!! Thank you for posting this video.
Mind boggling...Sir!!! That's very clever...how you connected the dots? Don't mind me please if I ask..Is there some book or it is your own analytical inference..however many thanks...you really are a good Samaritan for me.. never seen such a deep intelligent observation and sophisticated style of teaching, explaining and presentation... almost all of the work on this channel is precious and erudite in its own right. Please keep edifying us... Gratitude...
What I think of is that accounts payable is the account you use for your suppliers of items you purchase for the purposes of trading like inventory. These suppliers are aslo known as trade creditors. Accrued expenses are for other overhead operating expenses that don't necessarily affect gross profts like electricity, staff wages, superannuation charges etc (unless those expenses actually get capitalised into the cost of inventory of course lol)..
Yes, in most cases that is true, but there are always quirks and inconsistencies... in practice, some companies actually use accounts payable for items that correspond to operating expenses as well, though accrued expenses is more common for that.
very nice explanation, just a question. if you get debt to pay for your inventory don't you have an impact on IS on interest that you have to pay for that debt?
This one is no longer available because we changed the free samples on the site (RUclips does not allow us to replace or edit existing videos). We may make a similar example available in the future.
Nice explanation. Q1: Do you have any video on Provisions and their reversals? Q2: Whats the Accounting Entries to book, Either we should reverse the Accrued Expenses in subsequent month and book the actual invoice Dr. Expenses and Cr. Supplier Account ? Q3: How much important is the Subsequent Reversals and to which GAAP or IFRS is corresponds to ? Thanks to answer them
We do not have anything on provisions and reversals in this channel. Maybe check accountingcoach.com for more on these concepts. We do not go into the level of credits/debits because they're unnecessary to know for investment banking roles.
It's really amazing the way you teach explain & present the topic, information in sophisticated manner. Deep analysis, intelligent inference, erudite in every sense not only this video but almost all the stuff on this channel. Please do keep edifying us. You really are a good Samaritan for us. Gratitude and many thanks.
Thanks for watching!
The best explanation of these two items I have seen in my life!
you all prolly dont care at all but does anybody know a method to log back into an Instagram account??
I was dumb lost the login password. I love any help you can offer me
Wow, it is a brilliant way to explain on Accounts Payable vs. Accrued Expenses on the 3 Financial Statements in your detailed instructions. I loved the visualized examples. It was easy to understand. You are very kind to share your knowledge with us. I loved your spreadsheets too. I downloaded and saved in my folder. Two thumps up!!! Thank you for posting this video.
+JCco901 Thanks for watching!
Mind boggling...Sir!!! That's very clever...how you connected the dots? Don't mind me please if I ask..Is there some book or it is your own analytical inference..however many thanks...you really are a good Samaritan for me.. never seen such a deep intelligent observation and sophisticated style of teaching, explaining and presentation... almost all of the work on this channel is precious and erudite in its own right. Please keep edifying us... Gratitude...
I know that this was a good, thorough explanation, but I'm still to slow the understand 😔😔
What I think of is that accounts payable is the account you use for your suppliers of items you purchase for the purposes of trading like inventory. These suppliers are aslo known as trade creditors.
Accrued expenses are for other overhead operating expenses that don't necessarily affect gross profts like electricity, staff wages, superannuation charges etc (unless those expenses actually get capitalised into the cost of inventory of course lol)..
Yes, in most cases that is true, but there are always quirks and inconsistencies... in practice, some companies actually use accounts payable for items that correspond to operating expenses as well, though accrued expenses is more common for that.
Good! Thanks for the video!
Thanks for watching!
Thanks for the good video in you tube.Link below is not working
Sorry, this one is not available anymore.
How can we download the spreadsheet, please guide
very nice explanation, just a question. if you get debt to pay for your inventory don't you have an impact on IS on interest that you have to pay for that debt?
Yes, eventually, but the interest expense on the Debt is not recognized right away... only in the months or years following the Debt issuance.
is there a link to the excel file? i cant seem to find it on the website?
This one is no longer available because we changed the free samples on the site (RUclips does not allow us to replace or edit existing videos). We may make a similar example available in the future.
Very very good job ! Thanks for sharing.
Ladzo60 Thanks for watching!
I still couldn't find the link for the spreadsheet, I followed the link, subscribed and been searching everywhere. Kindly provide the direct link.
It should be working again.
I like your spreadsheets! I want to create one... Or can I download yours?
You can download them by clicking on "Show More" below the "Published on Feb 10, 2014" line and then following the links there.
Nice explanation.
Q1: Do you have any video on Provisions and their reversals?
Q2: Whats the Accounting Entries to book, Either we should reverse the Accrued Expenses in subsequent month and book the actual invoice Dr. Expenses and Cr. Supplier Account ?
Q3: How much important is the Subsequent Reversals and to which GAAP or IFRS is corresponds to ?
Thanks to answer them
We do not have anything on provisions and reversals in this channel. Maybe check accountingcoach.com for more on these concepts. We do not go into the level of credits/debits because they're unnecessary to know for investment banking roles.
Amazing! ThanQ!
Thanks for watching!
please provide link where i can download excel spreadsheet please
This one is no longer available because it was from an older version of the Interview Guide, which we have since deleted.
Not true it's no longer available, that's just an excuse ---> samples-breakingintowallstreet-com.s3.amazonaws.com/05-01-Interview-Question-Model.xls
I cant thank you enough !😍😍
Thanks for watching!
Very informative and helpful.
Thank you!
Allen Q. Thanks for watching!
Great! thanks