This one is a beast! But I didn't want to skip any steps in calculating Cash Flow with the Direct Method because there's a lot going on in there. How did you guys find this style of learning? I like to try out new things to see what people find most effective. Big thanks to everyone who has supported the channel by subscribing! As I type this the channel is sitting at 999, so hopefully we will have 1,000 by lunch. Always appreciate your comments, so please let me know what you would like covered in future videos!
Dear James, I thought I might try to respond to your question. You are of the pedigree of Quality. This particular video, as you said, is a beast. But you slayed it. It was no match for it's maker. That said, we are not you. I was trying to hold back tears when trying to get the points you were making. People say these videos are easy in order to thank and/or impress you because you are the best in the business. Dear James, I reviewed this video several times. Some of us struggle with the concept of negative and positive numbers. It took me quite while to realize that the number on the left (or debit side) starts off (the calculation column) as a positive, while the numbers in tow are negative. And on the Credit side of things... The top number begins as a -/Negative while the numbers in tow are positive. So I almost gave up trying to realize that. When the light finally came on, oh what a relief. Though it took me forever to realize this, without you and your descriptions and T account illustrations, how would I have ever realized it? So, as difficult as I personally found this concept, initially, because YOU were the instructor, I kept at it. You pride yourself on the vocabulary words you've chosen; an "old school" thing. Back when a vocabulary word was "from the Latin this or that." So my eyeballs bled as I focused on those words of yours until I understood your point. IJS. Again, it's like you said, enjoying a classic book. You are a "different person" at the end of a great book. I feel that way whenever I finally learn from your teaching. This stuff is not easy. It's compressed. But, thanks to you, it is at least at the top of the hill. I now have to go up there and get it. Did you see Kong Fu Panda? Stairs. Well, anyway, I've got it now. It's a warm and fuzzy feeling. Otherwise known as gratitude.
Finally a video that explains HOW to make the statement and not WHAT the statement is, it was so hard to find yet it is such a basic thing.. Thank you!
You are just a live saver, I am a first-year student in a business school and I wish I had an accounting teacher like you. Your videos are amazing and so easy to understand I just bought all you cheat sheet. Thank you so muuchh
Hey, I will be starting my studies in Canada next month can you suggest me an accounting book that I can start practicing now, as I have plenty of tie left.
I came here for info about the cash flow statement and ending up staying longer than I expected because of the charming young man in the video! Oupsie!
Best Thing Ever: I didn't understand how T-Accounts were used in this example but thanks for video about Debits vs. Credits explaining source vs destination and it becomes very clear. This channel deserves way more subs
I really appreciate the artistry that goes into your videos (the beautiful handwritten visuals, the sound effects, it's amazing). So much dedication to visual/sensory interest. You are a talented man.
you need to do some marketing for your videos. Your videos are the best I have found on the youtube and are better that what is given in CFA books. The views need to go up.. Thanks a ton
The best Instruction on how to prepare a Cash Flow Statement. The best I have ever seen. Thanks a million for helping to increase my understanding and eliminate the confusion. None of my instructors in the university, explained Cash Flow Preparations this well. You're awesome! James. Thanks!
OMG! I have to say this video is awesome and so easy to understand since the way you explain this concept makes me feel excited instead of falling asleep like I normally do when listening to my lecturer. Thank you so so much. I feel much more confident about my final exam in the next 3 weeks
Excellent video! Absolutely loved how you succinctly covered what my professor in university took 3 hours to do (and was still unclear about it, thus I am here)! Also appreciate all the attention to detail in the little things like sound and editing. Thank you!
THANK YOU FOR MAKING THIS VIDEO. As a business operator, I was frustrated by the uselessness of the indirect cashflow statement that my software generated. Now I understand why. The direct cashflow statement is the one that I so badly want!
Lovely clearly presented, well-paced lesson which helped me understand it much better than my text book, which was beginning to feel like being forced to read a mass of terrible small print which didn't help at all (and it felt like the author wasn't actually TRYING to explain it, it was more like a list of words). Thank you so much for explaining so clearly how one can use T accounts to work out cash flows, you're an angel, it's brilliant. I'm 63 now and during a lifetime have had experience of good and bad teachers and if there was a Teachers' Walk of Fame, I would nominate the presenter of this video to put his hand print somewhere on that walk.
in my exam there was an entry called income before tax. There was other entries that we have to use to make a direct cash flow statement. I didn't know where to put it so I didn't include it at all. Was I correct please help!!
You make learning accounting so fun and interesting! I was thinking of dropping this module for second year of university but you make me second guess that - accounting seems so cool when you teach it!
hallo James, thank you for this video, your videos are helping me a great deal with my studies ..you have no idea how grateful i am to you for doing this
THANK YOU SO MUCH!!!! I have an accounting exam next week and this is my first time ever doing the subject (Im in my first year of college) and jeez its so hard finding quality videos like this, your video was so much help compared to what my coordinator taught us!
Thank you so much, James! I'm 34 and in a program that lets non-accounting majors get a masters in accounting .... so they throw us straight into intermediate in our first semester! Our class videos demonstrate the direct method by using a mega excel spreadsheet that doesn't fit on screen and just has numbers and words everywhere, it makes my eyes glaze over and I can't follow where the numbers are coming from and what we're adding and subtracting in the columns as we move around this spreadsheet. Your video explains the concepts clearly and in 1/3 of the time. Thank you so much.
Thanks for the vid, simple yet concise. A life saver. At 1st i was confused, b/f and c/f are on the same side, for me c/f is a balancing figure to balance out the account
@@AccountingStuff Thank you for the quick reply. Can you make a video on gain/loss on equipment with the help of t-accounts? I am struggling on how to get the cash amount when equipment, , accumulated deprecation and given loss/gain amount is given in the question.
@@sodabaniazi4973 thank you for this...please do one example that needs expenses adjustments like depreciation, profit on sale of asset and finance costs in the "cash paid to suppliers"
Why the hell did i just found this video? This is like the most useful for people like me who needs a step by step calculation to understand. Thank you so much for this. I have a cash flow statement project due tomorrow.
I don't know if you'll see this, but I wanted to thank you anyway. I studied business accounting when I was in college, but I ended up making a career in a different field, so it's been years since I've done anything with that knowledge. Recently, I've wanted to give myself a recap as a just-in-case. Not only did so much of what you talked about in this and the previous video bring back what I learned quicker than I thought it would, but the way you explain things is so clear that I remember how I first learned some of it, like inventory, and wonder how I struggled with it the first time. You and your channel are a gem. I hope you continue to find success.
in my exam there was an entry called income before tax. There was other entries that we have to use to make a direct cash flow statement. I didn't know where to put it so I didn't include it at all. Was I correct please help!!
Studying for my Intermediate Accounting Exam and this video has been more useful than my textbook. Would appreciate if you could make a video about calculating Earnings per share ( Basic/Diluted)
@@AccountingStuff Thanks for your sharing. Would you mind to introudce how to prepare BAS? Like GST, PAYG withholding, PAYG income tax instalment and FBT instalment.
Your work is amazing 😍, you are better than My accounting lecturer. James could you please consider including share capital in preparation for the cfs.
hi good day ::) can i check why do we have to add back " depreciation expense " in the investing activities section? didn't we already add the depreciation expense in the "operating activities " section? The 1st part where we " add back all NCA " which includes of depreciation , amortization & gain/loss in sales of NCA. So since we already added back the depreciation in the operating activities section, shouldn't we minus it in the investing section since its a depreciation expense? thank you :)
I'm a little over halfway through! Your videos have been very helpful, so thank you so much!! I understand most of this, but am getting confused by what's being added or subtracted. I keep rewatching the first portion of the T-Accounts going over Accounts Receivable. I get that if we make revenue the A/R increases, but why are we putting sales on the left-hand side vs on the right-hand side as it is a credit and the same with cash receipts?
I love these videos so much! You make it so easy, and I understand everything you are saying... I'm just still a little confused because my professor assigned us to prepare a Cash Flow Statement, however my Balance Sheet and Income Statement look different than yours in this video. I'm not sure if it's because the items are named differently, but some of the items in your financial statements do not come out in mine :( Still found these videos super helpful though!!
Hi James, I would say so far Cash flow statements is the trickiest for me. Could you make a video to show more examples please such as how to account for gains/losses on PPE. And brief explanation of some of the jargon as you along. Big thank you for all your videos so far :D
This one is a beast! But I didn't want to skip any steps in calculating Cash Flow with the Direct Method because there's a lot going on in there. How did you guys find this style of learning? I like to try out new things to see what people find most effective.
Big thanks to everyone who has supported the channel by subscribing! As I type this the channel is sitting at 999, so hopefully we will have 1,000 by lunch. Always appreciate your comments, so please let me know what you would like covered in future videos!
Bro did you do that vid on fixed assets and depreciation yet ?
Journal entries for company acc
Dear James, I thought I might try to respond to your question. You are of the pedigree of Quality. This particular video, as you said, is a beast. But you slayed it. It was no match for it's maker. That said, we are not you. I was trying to hold back tears when trying to get the points you were making. People say these videos are easy in order to thank and/or impress you because you are the best in the business. Dear James, I reviewed this video several times. Some of us struggle with the concept of negative and positive numbers. It took me quite while to realize that the number on the left (or debit side) starts off (the calculation column) as a positive, while the numbers in tow are negative. And on the Credit side of things... The top number begins as a -/Negative while the numbers in tow are positive. So I almost gave up trying to realize that. When the light finally came on, oh what a relief. Though it took me forever to realize this, without you and your descriptions and T account illustrations, how would I have ever realized it? So, as difficult as I personally found this concept, initially, because YOU were the instructor, I kept at it. You pride yourself on the vocabulary words you've chosen; an "old school" thing. Back when a vocabulary word was "from the Latin this or that." So my eyeballs bled as I focused on those words of yours until I understood your point. IJS. Again, it's like you said, enjoying a classic book. You are a "different person" at the end of a great book. I feel that way whenever I finally learn from your teaching. This stuff is not easy. It's compressed. But, thanks to you, it is at least at the top of the hill. I now have to go up there and get it. Did you see Kong Fu Panda? Stairs. Well, anyway, I've got it now. It's a warm and fuzzy feeling. Otherwise known as gratitude.
@@lisamccray6481 Thanks for your kind words! I'm so happy to hear that it's clicking for you. All the best :)
برجاء ادعمنى بالاشتراك وشكرا لحضرتك
Finally a video that explains HOW to make the statement and not WHAT the statement is, it was so hard to find yet it is such a basic thing.. Thank you!
No worries Houna!
I'm a high school business teacher, and these videos help me so much when I'm teaching accounting. Thank you, James. These're great.
No problem Jeff, that's great to hear!
Me too. This will be of great help to my students. Thanks a lot.
I'm impressed with you sir. You care enough about your students to learn creative ways to help them understand what you teach! Bravo!
high school teaches accounting now?
@@xianxiong3440 maybe it depends on the country. In my country,Kenya, it is taught in high school.
You are just a live saver, I am a first-year student in a business school and I wish I had an accounting teacher like you. Your videos are amazing and so easy to understand I just bought all you cheat sheet. Thank you so muuchh
Thanks for your support! All the best with your studies :)
Hey, I will be starting my studies in Canada next month can you suggest me an accounting book that I can start practicing now, as I have plenty of tie left.
I came here for info about the cash flow statement and ending up staying longer than I expected because of the charming young man in the video! Oupsie!
Haha, thanks you are too kind!
Best Thing Ever: I didn't understand how T-Accounts were used in this example but thanks for video about Debits vs. Credits explaining source vs destination and it becomes very clear. This channel deserves way more subs
Cheers Ayman! Great to hear it's clicking for you
I really appreciate the artistry that goes into your videos (the beautiful handwritten visuals, the sound effects, it's amazing). So much dedication to visual/sensory interest. You are a talented man.
Thanks for your kind words!
you need to do some marketing for your videos. Your videos are the best I have found on the youtube and are better that what is given in CFA books. The views need to go up.. Thanks a ton
Thanks Rajat! I would love to spend more time marketing the videos but I don't have enough time. Cheers for the support, I appreciate it.
برجاء ادعمنى بالاشتراك وشكرا لحضرتك
The best Instruction on how to prepare a Cash Flow Statement.
The best I have ever seen. Thanks a million for helping to increase my understanding and eliminate the confusion.
None of my instructors in the university, explained Cash Flow Preparations this well.
You're awesome! James. Thanks!
10 out of 10 explanation for the cash flow. The best person to listen to explaining such topic.
Thanks Mohamed!
Best RUclips channel about accounting. Clear, informative, no water!
Thanks Irene!
Thanks very much for this detailed, simplest and easiest explanation of the direct method! You are awesome!
You are very welcome! Hope it helps!!
Thanks a lot, Sir. Appreciated your devotion in helping us catch these things well.
Woah this video needs way more views! Thanks for saving me for my finals!!
Cheers, glad to hear it helped with your exams. Hope they went well!
Just found these videos, studying to finish my degree, and oh man they are helping so many different concepts click for me. Thank you so much man!
No worries, all the best with finishing your course!
learning accounting from your videos, watching it one by one. the best! thanks!
Hey Sophia, that's awesome to hear. Best of luck!
OMG! I have to say this video is awesome and so easy to understand since the way you explain this concept makes me feel excited instead of falling asleep like I normally do when listening to my lecturer. Thank you so so much. I feel much more confident about my final exam in the next 3 weeks
Glad to hear that it makes sense. Good luck in your exam!!
Gosh I appreciate you so much for taking times to make these videos.
Excellent video! Absolutely loved how you succinctly covered what my professor in university took 3 hours to do (and was still unclear about it, thus I am here)! Also appreciate all the attention to detail in the little things like sound and editing. Thank you!
Thanks Marcus! I'm glad to hear that the video helped :)
Amazing teaching style! Very clear and easy to understand. Makes a dull subject very entertaining!
Cheers buddy
Ti amo! Thank you so much for explaining it that way, you’re amazing and you saved me! I watched all the ads hoping It’ll be helpful♥️
THANK YOU FOR MAKING THIS VIDEO. As a business operator, I was frustrated by the uselessness of the indirect cashflow statement that my software generated.
Now I understand why. The direct cashflow statement is the one that I so badly want!
This is the best cash flow direct method video ever. It really helped me for my exam. Great work James. Thank you so much. 👍
How could someone dislike this video🙄
Great video sir..very helpful..much love.
I’ve seen all of your videos. This is really helpful! Thank you James
Cheers, hope you're finding them helpful!
Thank you James, you have made Accounting makes sense!
You sir are a life saver, thank you so much!
No worries :)
This is so helpful!! You can explained it way better than both my textbook and lecturer did! Subscribed :)
Thanks Annie, great to have you on board!!
I've been struggling to understand this for a couple of hours and after watching your video everything clicked! Thanks!!
Great to hear it's making sense!!
Clear and easy way to learn the cash flow , much appreciated your afford ! 🤜
Awesome, glad it's making sense
Thank you! Big help for me, tomorrow is our examination and this summarized it all!
Good luck!!
Lovely clearly presented, well-paced lesson which helped me understand it much better than my text book, which was beginning to feel like being forced to read a mass of terrible small print which didn't help at all (and it felt like the author wasn't actually TRYING to explain it, it was more like a list of words). Thank you so much for explaining so clearly how one can use T accounts to work out cash flows, you're an angel, it's brilliant.
I'm 63 now and during a lifetime have had experience of good and bad teachers and if there was a Teachers' Walk of Fame, I would nominate the presenter of this video to put his hand print somewhere on that walk.
Thanks for the kind words Helen!!
Your illustrations are marvelous, alongside the simplified steps. Well done.
Cheers Chloe!
No one explained like you before. Thank You.
in my exam there was an entry called income before tax. There was other entries that we have to use to make a direct cash flow statement.
I didn't know where to put it so I didn't include it at all. Was I correct please help!!
Thank you so much for making this video! 👍❤️
You're most welcome
THANK YOU JAMES, ACCOUNTING YOU SAVE MY LIFE
No problem Wandile :)
You make learning accounting so fun and interesting! I was thinking of dropping this module for second year of university but you make me second guess that - accounting seems so cool when you teach it!
You've got this!
This video literally saved me!!! You made this super easy to follow and to apply. Thank you for being amazing!!!
Glad it helped!
the example really helps and very clear - well done
Thanks Adrian!
hallo James, thank you for this video, your videos are helping me a great deal with my studies ..you have no idea how grateful i am to you for doing this
All good, I'm happy to help :)
You just made my understanding of this method alot more understandable for my homework.....TY so much!!
Happy to help!
Your are an amazing teacher.
Thanks Antony :)
tqq i just learn cashflow in 1 hour by watching all ur vids!!! its so helpful
Glad it's making sense :)
Thank you for your videos! They are so helpful.
Cheers Heather, all the best!
Thank you so much! I'm watching videos from my lecturer the whole day now and didn't get it... Now I understand it! Thanks
Great to hear it's making sense :)
Your videos are very helpful. Thanks 😊
Thanks, that's great to hear :)
Awesome explanation! Thank you so much
Cheers Carlos, you're welcome :)
wow! you're amazing!
THANK YOU SO MUCH!!!! I have an accounting exam next week and this is my first time ever doing the subject (Im in my first year of college) and jeez its so hard finding quality videos like this, your video was so much help compared to what my coordinator taught us!
No worries Harieta, good luck for your exam!
Why it is so hard for me to understand this :(
you just got a new subscriber
Your videos have an impactful learning .. thanks
Cheers Vivek!
Best cash flow explanation ever.
Thanks!
SO FEAKING HELPFUL!!!!!
Thank you for that explanation I've just subscribe to your channel.
Thank you is understatement !!!!
You're welcome :)
Thanks bro.. it's really helpful ❤️🙌
Cheers Roshan! Great to hear that you're finding the video useful
Really so much helpful videos.. It builds stronger surface of understanding..
Cheers, great to hear you're finding these useful!
Best explanation ever, thank you sir!
Glad you found it useful!
Great video! Really helpful, thanks bro!
Cheers Jairo, glad you enjoyed it!
Thank you so much, James! I'm 34 and in a program that lets non-accounting majors get a masters in accounting .... so they throw us straight into intermediate in our first semester! Our class videos demonstrate the direct method by using a mega excel spreadsheet that doesn't fit on screen and just has numbers and words everywhere, it makes my eyes glaze over and I can't follow where the numbers are coming from and what we're adding and subtracting in the columns as we move around this spreadsheet. Your video explains the concepts clearly and in 1/3 of the time. Thank you so much.
No worries Veeka! That spreadsheet scares me and I haven't even seen it. All the best with your studies
This video has just helped me so much. Thank you
Cheers, glad you're finding it useful!
You're my inspiration.
Haha, thanks Tiffany!
Thanks so much mate! You are so much better than my teacher.
Cheers for your kind words!
Thank you very much for this detailed video
Cheers Anu!
Very well explained compared to other videos. Thanks
Cheers!
Man, you explain better than my teacher. Tysm!
No problem, hope it helped!
Thanks for the vid, simple yet concise. A life saver. At 1st i was confused, b/f and c/f are on the same side, for me c/f is a balancing figure to balance out the account
Thank you so much for the detailed explanation. I was looking for direct method with t-accounts calculation and I finally found it.
Hey Sodaba, you are very welcome. I hope you found it helpful!
@@AccountingStuff Thank you for the quick reply.
Can you make a video on gain/loss on equipment with the help of t-accounts? I am struggling on how to get the cash amount when equipment, , accumulated deprecation and given loss/gain amount is given in the question.
@@sodabaniazi4973 thank you for this...please do one example that needs expenses adjustments like depreciation, profit on sale of asset and finance costs in the "cash paid to suppliers"
Your videos are very helpfull keep doing what you're doing
Cheers David! Will do :)
Thank you!
Buddy your videos are awesome it's very helpful 🔥
Cheers Deepak!
You are the best
You helped out so much with this video
Glad it's making sense!
Salute to you!!!
Perfect, thank you very much
You are very welcome :)
Why the hell did i just found this video? This is like the most useful for people like me who needs a step by step calculation to understand. Thank you so much for this. I have a cash flow statement project due tomorrow.
Good luck for your project! Hope you smash it!!
@@AccountingStuff thank you so much
I am an accounting student. Thank you for the step by step explanation. I'm going to try the question on the quiz again.
Good luck with the question!
I don't know if you'll see this, but I wanted to thank you anyway.
I studied business accounting when I was in college, but I ended up making a career in a different field, so it's been years since I've done anything with that knowledge. Recently, I've wanted to give myself a recap as a just-in-case. Not only did so much of what you talked about in this and the previous video bring back what I learned quicker than I thought it would, but the way you explain things is so clear that I remember how I first learned some of it, like inventory, and wonder how I struggled with it the first time.
You and your channel are a gem. I hope you continue to find success.
Hey Michael, thanks it's great to hear that you're finding these videos helpful
so good.
Cheers :)
Would like to thank you for. Making this complicated thoughts for minute one
in my exam there was an entry called income before tax. There was other entries that we have to use to make a direct cash flow statement.
I didn't know where to put it so I didn't include it at all. Was I correct please help!!
no text books or online education website can do better than he does! Thank you for this great video
Thanks for your kind words!
Studying for my Intermediate Accounting Exam and this video has been more useful than my textbook. Would appreciate if you could make a video about calculating Earnings per share ( Basic/Diluted)
Thanks Dami, I'm glad you found it helpful! Cheers for your suggestion
Many tks with the instruction to prepare Cash flow statement
One of the best channels for Accounting
Thanks!
@@AccountingStuff i have a suggestion that you can do more about this, for example: IFRS, GAAP, Auditing,...
Many thanks :)
@@hainguyen666 Thanks for your suggestions!
Nice one
Cheers mate!
thanks for your sharing. It's awesome.
No problem :)
@@AccountingStuff Thanks for your sharing. Would you mind to introudce how to prepare BAS? Like GST, PAYG withholding, PAYG income tax instalment and FBT instalment.
@@bobbyliu9328 Cheers for your suggestion!
Well, second one to like the video.... Again! A great video!!!!😄😁👍
Haha, thanks... I'll give you a heads up next time!
@@AccountingStuff thx a lot 🙃👍
@@deepama2342 no worries 👍
Best teaching
Thanks buddy
Your work is amazing 😍, you are better than My accounting lecturer. James could you please consider including share capital in preparation for the cfs.
Thanks for your request!
@@AccountingStuff waiting for that video James
YOU SAVED ME.
No worries Blein!
It is so clear how to build a cash flow statement.
Glad to hear it!
hi good day ::) can i check why do we have to add back " depreciation expense " in the investing activities section? didn't we already add the depreciation expense in the "operating activities " section? The 1st part where we " add back all NCA " which includes of depreciation ,
amortization & gain/loss in sales of NCA.
So since we already added back the depreciation in the operating activities section, shouldn't we minus it in the investing section since its a depreciation expense?
thank you :)
Thanks James. Your explanations are so friendly. Please can u explain the difference between Flow of Funds Analysis and Concept of Cash Flow
Thanks for your requests!
I wish you were my accounting teacher in my university
we will share to some others so they can learn
Thanks, that's very kind of you!
blessed broo❤
❤
I'm a little over halfway through! Your videos have been very helpful, so thank you so much!! I understand most of this, but am getting confused by what's being added or subtracted. I keep rewatching the first portion of the T-Accounts going over Accounts Receivable. I get that if we make revenue the A/R increases, but why are we putting sales on the left-hand side vs on the right-hand side as it is a credit and the same with cash receipts?
Sir you are great im a charterd accontancy student and i love the way you teach😍😍😍
Im from india
Thanks mate! Glad you're enjoying these
I love these videos so much! You make it so easy, and I understand everything you are saying... I'm just still a little confused because my professor assigned us to prepare a Cash Flow Statement, however my Balance Sheet and Income Statement look different than yours in this video. I'm not sure if it's because the items are named differently, but some of the items in your financial statements do not come out in mine :(
Still found these videos super helpful though!!
thanks for videos James! but How can you assume the 70000 spent ont the purchase ?
Hi James, I would say so far Cash flow statements is the trickiest for me. Could you make a video to show more examples please such as how to account for gains/losses on PPE. And brief explanation of some of the jargon as you along. Big thank you for all your videos so far :D
Thanks for your suggestions!