Yesterday I watched your video and I can answer most of the interview questions related to accounts successfully in my today's interview... Keep post more video my dear friend..
Great video! When I had my english interview for a job position in accounting last year I watched bunches of videos from this channel. I consider I got prepared very well for my interview, and guess what? I got the job! Great channel to learn about accounting. Btw, I am a non native english speaker. :)
Hi Bill. Very lucid & concise! You got to the core of accounting theory textbooks in one short & sweet presentation. Will you be able to show us a video showing 1) Reconciliation of presentation of IS (income statement) as well as Balance Sheet, based on latest IFRS, vs US GAAP &/or SOX 2) Treatment for material differences; and 3) Impact of the treatment or any reclassifications (including tax impact, if any). Thank you so much! 🙇
Thank you for keeping the words. Can I expect more videos in this topic?? As it is very vast portion and your explanation save our times with better understanding. Thanks once again.
Thank you !.. i really liked the way you have summarized it; this exactly crisp thing as i was looking for, and nice way to present in the Google sheet it is easy to record in the mind ... as easy to connect for the experienced people like me..
Hi Bill, Very nice method that you use to explain each line and actions in IS, it is clear to everyone, I guess...but it is helpful for me...tks a lot.
Bill you are really doing excellent work for the accountants and financial controllers community round the world actually and not just USA. Keep up the good work and God bless you!
Sir, As per my knowledge and google search, you only explained well about GAAP. If you give a example journal entires along GAAP mapping, also helpful for us Thanks
Hi Bill, your videos are amazing...I learnt many things from your videos...Even I gave my last interview after preparation from your videos...Thank You for making such meaningful videos...One que I have, I am from India how can I get job in abroad???
All your videos helped me a lot. would you please explain how to become a financial controller and what is your responsibility if you don’t mind thanks
Hi Bill, great video. Could you make a video on multi-national qualifications? I have my final ACCA Exam in a couple of weeks; Interested to see which American employers would recognise this over CPA. Thanks!
Hi Bill, Thanks for this wonderful lession. what happened with General, selling & administrative expenses? Is this bifurcation of below items like Rent, TE & Commissions?
i am so confused - under GAAP rules and accrual accounting - if you sell a contract for a one-year $10,000 subscription and the contract is signed 1/1. you invoice monthly beginning on 1/15. and the subscription is effective 2/1. how.... how... do i record this? what date is the revenue "recognized"?
Hi Bill, thanks a lot for the nice video. Could you please make videos to analyze financial statements by considering the (IFRS & ASPE) standards plus preparation of year-end audit/annual audit based on a real-life sample, as such by any chance quarterly SOX report? Thanks in advance.
Hi Bill. I have a question. I am working for a building material company. If a customer returns over stock items within 6 months, what main account should I charge to ? I have revenue account and allowance account. Allowance account is for damage items, back charge for labor. I am not sure if the return items (good items and resellable) is belong to sales revenue account or allowance account. Thank you very much.
Great stuff dear Bill :) Appreciated.. And May i just check one thing here, will go for accrual only if incase we are not billed to customer? Or do we have any other scenario where we accrue revenue except Unbilled to customer?
Hi, I work for a Chrysler dealership doing A/P, A/R, payroll, balancing statements, entering, and expensing invoices & so much more. How do I know if this company uses GAAP? since I do not do anything with the financial statements.
Hi, I am from India and I am working as accountant but not exactly end to end doing only doing a 1 part of it so now I am searching for job as a financial controllerand for that I have saw lots of vedios on youtube but not exactly understanding the concept very deeply if you will give traning or online course on it if possible in easier way so it would be great help to me to crack an interviews
The correction I suggest: this is not the reason for your existence! Your existence has many and more important reasons! As per the accounting explanation good job!
Accrual. "Even if the invoice is not issued" your statement is not correct, accrual basis is business on credit, invoices are issued, bills are received but realization will happen later.
I think you'd benefit from this because though US GAAP is specific to the US, the principles are based on 'fair presentation' of financial statements, which applies to all countries/regions
Yesterday I watched your video and I can answer most of the interview questions related to accounts successfully in my today's interview... Keep post more video my dear friend..
Good job!
Which video you watched bro
Great video! When I had my english interview for a job position in accounting last year I watched bunches of videos from this channel. I consider I got prepared very well for my interview, and guess what? I got the job! Great channel to learn about accounting. Btw, I am a non native english speaker. :)
First time I see this topic in an NO BORING presentation. Thanks so much, it's so hard to try to learn just by reading without a visual exercise.
I'm an accounting student. I'm glad you provide us with these videos. I feel like I can breathe.
Hi Bill. Very lucid & concise! You got to the core of accounting theory textbooks in one short & sweet presentation. Will you be able to show us a video showing 1) Reconciliation of presentation of IS (income statement) as well as Balance Sheet, based on latest IFRS, vs US GAAP &/or SOX 2) Treatment for material differences; and 3) Impact of the treatment or any reclassifications (including tax impact, if any). Thank you so much! 🙇
You have enhanced my understanding and interpretation of income statement, this is super good!
I would appreciate your deep dive of IFRS 16
Will do :)
Thanks a lot, Finance Controller, your explanations are highly valued.
Thanks 🙏
Thank you Bill for explaining the overall GAAP procedures. I really appreciate it!
Hi Bill , Thank you for a well explained video. Your presentation makes so much sense and its easy to follow. Thanks 😊
Super :)
Hi im studying online bookkeeping and accounting. Your videos are highly interesting. Im from philippines.
Amazing thank you it helped me a lot to understand GAAP just in few minutes
Glad to hear that
it is very useful for my interview panel, now I am started watching all your videos. Thanks a lot,
Thanks for watching 😎
I love the way you explain. It is clear and very easy to understand and imagine. Thank you so much
You're very welcome!
Thank you for keeping the words. Can I expect more videos in this topic?? As it is very vast portion and your explanation save our times with better understanding. Thanks once again.
Yes I will dive more into some of these principles
Thank you !.. i really liked the way you have summarized it; this exactly crisp thing as i was looking for, and nice way to present in the Google sheet it is easy to record in the mind ... as easy to connect for the experienced people like me..
Thank you for posting this valuable information. It’s easy to follow and very helpful.
Hi Bill, Very nice method that you use to explain each line and actions in IS, it is clear to everyone, I guess...but it is helpful for me...tks a lot.
Bill I do love your content! You are a great teacher! Very concise and practical piece of information
You made tuff topics easier to understand. Great job 👍
Air I breath in was really beautiful
Thanks for such a nice illustration! Please upload more videos wrt US GAAP.
Thanks 🙏 will do
Watching all your videos and Ads without skipping. 😂.Fantastic videos 🙏
Thanks 😆
Love this video. Its very clear and well explained. Many thanks!
Hi, your videos are very informative, can you also perhaps consider a refresher on IFRS 9, 15 and 16...
Ok sure
The Financial Controller ; We are Still Waiting for IFRS 9, 15 and 16...Videos... 14.05.2022. Regards, From MAIMISA EMMANUEL STEPHEN. Lusaka, Zambia.
thank you I refreshed a lot of learnings
Bill you are really doing excellent work for the accountants and financial controllers community round the world actually and not just USA. Keep up the good work and God bless you!
I appreciate that!
Sir, As per my knowledge and google search, you only explained well about GAAP. If you give a example journal entires along GAAP mapping, also helpful for us Thanks
Sure
You make very informative videos. Please keep going!
Thanks 🙏
thanks for everything you teach us on this video
Thanks for watching
Hi Bill, your videos are amazing...I learnt many things from your videos...Even I gave my last interview after preparation from your videos...Thank You for making such meaningful videos...One que I have, I am from India how can I get job in abroad???
Bill you are really awesome. Thank you for sharing the knowledge.
Thanks 🙏
Thanks for the video.
Excellent video!
Is it possible to zoom out and get a full screen view of the excel sheet so I can screenshot to study or print it out please?
Simple and short Nice video keep it up👍
🙏 thanks
All your videos helped me a lot.
would you please explain how to become a financial controller and what is your responsibility if you don’t mind thanks
Ok will talk about it in a future video
Love you Sir. You are the Boss
Excellent ❤
Glad you like it!
Thanks a lot, Please make video for balance sheet also using GAAP
Hi I made balance sheet version 4 weeks ago
Please make more videos. I learned a lot. Could you please make some videos related with payroll such vacation accrual? Thanks
👌 ok :)
Hi Bill, great video. Could you make a video on multi-national qualifications? I have my final ACCA Exam in a couple of weeks; Interested to see which American employers would recognise this over CPA. Thanks!
Sure will do
Hi Bill, Thanks for this wonderful lession. what happened with General, selling & administrative expenses? Is this bifurcation of below items like Rent, TE & Commissions?
i am so confused - under GAAP rules and accrual accounting - if you sell a contract for a one-year $10,000 subscription and the contract is signed 1/1. you invoice monthly beginning on 1/15. and the subscription is effective 2/1. how.... how... do i record this? what date is the revenue "recognized"?
I too would like to know
1/1 if its effective. there is an example where he shows how amortize it using a rent example. First month was free.
Hi, i would like to ask you for a recommendation to take a full course about US GAAAP. Thank you.
Excellent 🎉
Thank you for the video!❤️ I have a question.
Is there any certification based on that I can show that I have a good knowledge of GAAP?
Hi Bill, thanks a lot for the nice video. Could you please make videos to analyze financial statements by considering the (IFRS & ASPE) standards plus preparation of year-end audit/annual audit based on a real-life sample, as such by any chance quarterly SOX report?
Thanks in advance.
Ok will do
Very Informative
Good explanation 👍
Thanks!
Well explained
Crab cakes sound really good right now. I haven't had one in years, come to think of it!
They are!
Can you please assist me so I can learn more and gain a knowledge
Thanks for your videos
Could you tell me what are US Accounting law practices and where can I find subject matter about that. I need that urgently.
Thank you sir
Great video to review
Hi Bill. I have a question. I am working for a building material company. If a customer returns over stock items within 6 months, what main account should I charge to ? I have revenue account and allowance account. Allowance account is for damage items, back charge for labor. I am not sure if the return items (good items and resellable) is belong to sales revenue account or allowance account. Thank you very much.
Great stuff dear Bill :) Appreciated.. And May i just check one thing here, will go for accrual only if incase we are not billed to customer? Or do we have any other scenario where we accrue revenue except Unbilled to customer?
Yeah unbilled and also revenue share agreements
Thanks Bill.. not just putting the video you are clarifying any questions that arises as well. Great!!
Hi, I work for a Chrysler dealership doing A/P, A/R, payroll, balancing statements, entering, and expensing invoices & so much more. How do I know if this company uses GAAP? since I do not do anything with the financial statements.
Very useful
Plus is it possible to get a job as an accountant without knowing the GAAP standards bt knowing the IFRS in USA?
Quick question so you say there is no math in accounting in Shane’s video?
Sorry I didn’t understand that part very much. Thank you!
The math part is handled by excel sheets, that’s what I mean
can you explaine the Al Capone case and how they charge with with Tax Evasion?
Will look into it
Hi, I am from India and I am working as accountant but not exactly end to end doing only doing a 1 part of it so now I am searching for job as a financial controllerand for that I have saw lots of vedios on youtube but not exactly understanding the concept very deeply if you will give traning or online course on it if possible in easier way so it would be great help to me to crack an interviews
Is ifrs better than gaap?
The correction I suggest: this is not the reason for your existence!
Your existence has many and more important reasons!
As per the accounting explanation good job!
Haha thanks for this!!
One thing I want to correct here for hand break pull it without pushing and down it with pushing
Thanks so much
Any time!
Can u pls make a video on us Sox compliance for internal accountants
Yes Sox will make good topic, will do
Excellent video.
Accrual. "Even if the invoice is not issued" your statement is not correct, accrual basis is business on credit, invoices are issued, bills are received but realization will happen later.
Hey, who has to prepare the income statement? The accountant?
Yes
Can INDIA CA/CMA students watch this ? Will it be helpful for INDIA CA/CMA?
I think you'd benefit from this because though US GAAP is specific to the US, the principles are based on 'fair presentation' of financial statements, which applies to all countries/regions
@@TheFinancialController OK thanks
Dawn Extension
It would've helped more if you had filled in numbers and described what these numbers were for.
Ok, thanks for the feedback, I plan on a new video on this topic!
@@TheFinancialController I forgot to say, thank you, and again.
I'm from India and how can I pursue CPA
Boehm Plains
👌
Can anyone who doesn't have mush mouth explain this.