The KEY to Understanding Financial Statements

Поделиться
HTML-код
  • Опубликовано: 21 ноя 2024

Комментарии • 526

  • @MidtownJack
    @MidtownJack 4 года назад +67

    Not the hero we deserved, but the hero we needed. Keep making these grade saving videos my man 🙌

  • @BenjaminOrthodox
    @BenjaminOrthodox 3 года назад +4

    The shortest and most advanced video I’ve seen on the accounting equation.

  • @r3aper324
    @r3aper324 4 года назад +88

    This might be my last accounting paper tomorrow as I'm dropping the subject next year, accounting never was for me and I was forced to take it. Although through all papers you were there to help me understand. So if this is the last time I see one of your videos, thank you from the bottom of my heart ♥️

    • @AccountingStuff
      @AccountingStuff  4 года назад +18

      Best of luck with it! All the best with your future endeavours :)

    • @rizma_x8109
      @rizma_x8109 3 года назад +2

      I also had the same situation but at last I fall in love with accounting subject 🥺

    • @saraelh9724
      @saraelh9724 2 года назад +1

      I think it is too late for me to drop :(

    • @koteswarris8949
      @koteswarris8949 2 года назад

      @@saraelh9724 too late for me to drop out too 😭

  • @Jack-il2yu
    @Jack-il2yu 4 года назад +31

    Your videos have a knack for coming right when I need them, which makes them even better!

  • @siphesihlentuli7347
    @siphesihlentuli7347 4 года назад +196

    Imagine having James as your accounting lecturer 🎓

    • @ultralegendarybeast101
      @ultralegendarybeast101 3 года назад +3

      Definetly!

    • @jamesfleming5292
      @jamesfleming5292 2 года назад

      That would be awesome

    • @rasulsamad5860
      @rasulsamad5860 2 года назад

      He is watching all his videos

    • @gainsjames9345
      @gainsjames9345 2 года назад

      I wouldn't have been so scared of accounting if He were to be my lecturer 😄😄

    • @sakina3770
      @sakina3770 2 года назад +4

      No he is too handsome for being teacher, will not be able focus then 😂

  • @collincox5315
    @collincox5315 4 года назад +3

    Hi James,
    You're a real one.
    I'm a Business Admin major and am taking an Accounting course this semester. I find the textbook to be really dense, uninteresting, and as a consequence, hard to follow. You have made learning accounting so much easier and much more enjoyable. Thank you!

  • @areen6179
    @areen6179 4 года назад +8

    I don't think you'll ever get a teacher like this, be grateful he started uploading on RUclips!

  • @mubarekdaha
    @mubarekdaha 4 года назад +111

    A 2 hr lecture in 6 minutes

  • @sveng05
    @sveng05 4 года назад +11

    I have a class tomorrow and this totally saved my life! Thank you James!

  • @carubinkumarsarkar
    @carubinkumarsarkar 4 года назад +11

    Being in accounting since 2017, I can say this is the best & crisp video on this topic
    Keep up the good work...

  • @michellehightower6316
    @michellehightower6316 2 года назад +3

    I seriously can’t thank you enough for your videos! I am a healthcare professional working on my MBA in healthcare administration, and I am NOT a numbers person. I was so lost reading through my textbook, but your videos have made a huge difference! I feel confident that I can pass my course now.

  • @sapsalingpusacattalkmaykwe1556
    @sapsalingpusacattalkmaykwe1556 3 года назад +3

    October 16, 03:52am - done watching back to sleep. 04:22am. Goodluck self. Exam is on Monday hahahah

  • @jennymulhall816
    @jennymulhall816 4 года назад +5

    I wanted to thank you, James. I got into ATI Year 2 thanks to your videos. I told my whole class about DEALER and your channel. Thank you! x

    • @AccountingStuff
      @AccountingStuff  4 года назад

      Nice one!! Great to hear that things are going well. All the best :)

    • @jennymulhall816
      @jennymulhall816 4 года назад

      @Get More Of course I’ll help if I can, but I’m only in second year! You’d better ask James. ☺️

    • @jennymulhall816
      @jennymulhall816 4 года назад

      @@AccountingStuff Thank you so much! 🌸🌸🌸

    • @AccountingStuff
      @AccountingStuff  4 года назад

      @@jennymulhall816 You're welcome :)

  • @niloykarmaker1024
    @niloykarmaker1024 4 года назад +12

    You are LIFE SAVER .....have an exam tomorrow.
    Also after a long time. Remember me?

    • @AccountingStuff
      @AccountingStuff  4 года назад +4

      How could I forget? It's been a while. Best of luck tomorrow!!!

    • @niloykarmaker1024
      @niloykarmaker1024 4 года назад

      @@AccountingStuff thanks ❤️ and keep uploading.. 🔥

    • @AccountingStuff
      @AccountingStuff  4 года назад +1

      @@niloykarmaker1024 Cheers! Will do :)

  • @KyleJacob90
    @KyleJacob90 2 года назад +3

    These videos are seriously helping me. Since my professor loves you and is the one that recommended these videos and does every week, he doesnt mind that I chime in occasionally during his lectures to explain parts myself bc i had learned from these videos. For real love these!!

  • @reduxys4819
    @reduxys4819 2 месяца назад

    I've been in two accounting classes so far, going into my third. Your description of what equity is is way more helpful than how either of my classes explained it. Thanks so much for making this video!

  • @growthclassmedia
    @growthclassmedia 4 года назад +30

    Hey James
    I appreciate how you break down accounting principles for non-accountants like some of us
    Please keep up the great work!

    • @AccountingStuff
      @AccountingStuff  4 года назад +3

      Thanks Winston!

    • @ryanfelix5219
      @ryanfelix5219 4 года назад

      @@AccountingStuff I need some help with my accounts assignment please😫🙏🙏... Just one question please. Can you help me out?

  • @HectorGarciaCPA
    @HectorGarciaCPA 4 года назад +82

    The editing is on point.. cheers!

  • @ferneyrios8919
    @ferneyrios8919 13 дней назад

    I find it fascinating how the presenter breaks down the concepts in a clear and accessible way. The balance sheet, income statement and cash flow statement are fundamental documents for any financial analysis, but they are not always explained in a simple way. The video highlights the importance of viewing each of these statements together, as together they offer a complete view of a company's financial situation. The balance sheet, which shows assets, liabilities and equity, allows you to evaluate financial stability. The income statement, by showing income and expenses, allows you to analyze the profitability of operations. And finally, cash flow, which reflects the movement of cash, is key to understanding the liquidity and sustainability of operations. In summary, this video not only simplifies complex concepts, but also highlights the importance of interpreting each financial statement to make informed decisions.

  • @mdf3605
    @mdf3605 4 года назад +2

    you were born to do this- AMAZING, James. thank you!

  • @nab-rk4ob
    @nab-rk4ob Год назад

    I don't think I could jump back into the accounting world without you. Many thanks. 👏👏

  • @boxovitch5218
    @boxovitch5218 4 года назад +13

    Thanks to your videos I’m studying to be an accountant. I would like to see a video on present and future value as well as a video explaining annuity. Keep doing what you’re doing and thanks for all the helpful content!

    • @AccountingStuff
      @AccountingStuff  3 года назад +1

      That's great to hear! Thanks for your requests :)

  • @niko-ni6ps
    @niko-ni6ps 4 года назад +4

    Ur channel are wonderfully underrated. I could feel dedication that uve done in this video

  • @kellieselway5365
    @kellieselway5365 4 года назад +4

    Your videos are pure GOLD. Going through my exams now and I cannot begin to tell you how much your videos have helped me. You articulate your words so well and explain everything so clearly. Pleaaase, keep it up!

    • @AccountingStuff
      @AccountingStuff  4 года назад +1

      Thanks Kellie! Best of luck in your exams :)

  • @ericvedwards
    @ericvedwards 3 года назад +8

    This is amazing! I'm taking accounting for the first time ever and your videos are extremely helpful!!!! Thank you so much for the cheat sheet. This week my lesson is on balance sheets and income statements so this is perfect! Thank you again. I've actually told a few of my friends about this as well. :) Cheers!

    • @AccountingStuff
      @AccountingStuff  3 года назад

      Thanks for sharing! All the best with your studies :)

  • @francosannan4681
    @francosannan4681 9 месяцев назад

    I am an IT Manager, and i am using your Playlist Video to understand the whole accounting Picture
    Thanks a Alot

    • @AccountingStuff
      @AccountingStuff  9 месяцев назад

      Great to hear you're finding these videos useful :)

  • @steevphiri7783
    @steevphiri7783 4 года назад +2

    You make account understandable. . Thanks the your work

  • @libertadconobjetividad5550
    @libertadconobjetividad5550 3 года назад +9

    For spanish speakers:
    Asset: Activos
    Liabilities: Pasivos
    Equity: patrimonio

  • @samasemo163
    @samasemo163 4 года назад

    please don’t stop making these videos your are literally saving my career!

  • @1610Nepenthe
    @1610Nepenthe 3 месяца назад

    Hey James, I landed on your channel after perusing RUclips for some simple and to the point explanations for accounting principles, as I have a short sub-unit dedicated to accounting basics within the syllabi. I've only just begun learning but thank you so much for the videos you've put out. I always thought I'd have to mug it up and take my chances (hahaha) but you've managed to make me understand to a far greater degree and I look forward to watching more of your videos!!

  • @hastism5059
    @hastism5059 4 года назад

    James i cant stop liking your videos! brilliant!

  • @unbeatable3342
    @unbeatable3342 4 года назад +4

    Really you are making every time difficult concept easy. Thanks a lot

  • @sarkill6659
    @sarkill6659 4 года назад +1

    Hey! I wanted to thank you for all the help. You have helped me along the way of my course and have a 97 in the course!! THANKK YOU!

  • @stephanieramirez2947
    @stephanieramirez2947 3 года назад

    Thanks for making this easier to understand

  • @heatherd1509
    @heatherd1509 4 года назад +6

    I love and so appreciate the explanations you provide. I have been in the accounting field for years, with tons of education under my belt, and while I am embarrassed to admit it... With your insight, it’s all finally starting to come together. Thank you!!

    • @AccountingStuff
      @AccountingStuff  4 года назад +1

      No worries Heather! We all have to go back to the basics from time to time. It's so easy to get 'tunnel vision' at work and lose sight of the big picture. All the best!

  • @ruidias2773
    @ruidias2773 2 года назад

    Just saved me a lot of back and forward studying! thanks man

  • @fratboyfaith
    @fratboyfaith 4 года назад

    i can actually pass my accounting class all thanks to you! THANKS JAMES xx

  • @rachelh4524
    @rachelh4524 4 года назад +2

    This is the best explanation of the extended accounting equation I’ve seen! Your videos helped helped me pass my first CIMA exam so thank you! Were you planning to ever do some Management Accounting ones - probability, regression analysis and normal distribution etc. your style of videos for these topics would no doubt help a lot of people studying!

    • @AccountingStuff
      @AccountingStuff  4 года назад

      Hey Rachel, congrats on passing your exam!!! That's awesome news. I plan to cover Management Accounting as well but I have a few more vids on Financial to make first

  • @kirstygascoigne8806
    @kirstygascoigne8806 4 месяца назад

    I wish I had found you 6 months ago! Brilliant, thank you

  • @express666car2
    @express666car2 Год назад

    Very good lecture, as an accountant, I come to your channel to refresh my basic knowledge. Thank you very much. I will give you 12 of 10 for the score.

  • @agermoune
    @agermoune 4 года назад

    Retained earning is the key to link Bal sheet to the income statement! Love it.Excellent visualization to make hard looks was.You have got talent

  • @ouassimaissani4413
    @ouassimaissani4413 2 года назад

    very short, fruitful and easy to understand. thank you so much of your efforts

  • @sivesikutshwa8557
    @sivesikutshwa8557 3 года назад

    You have a beautiful, clean website. Kudos man. I swear when my money game is up I'll support the page.

    • @AccountingStuff
      @AccountingStuff  3 года назад

      Thanks Sive! If money's tight then there's really no need. All the best :)

  • @sade.shaday17
    @sade.shaday17 Год назад +1

    Beautifully explained, simple and understandable.

  • @MTA19818
    @MTA19818 4 года назад

    Excellent video. I want more such videos for more understanding.

  • @tarnijasarao3368
    @tarnijasarao3368 4 года назад +3

    Hey Accouting man, I dont your name but your stuff is really great! I started watching your videos recently, i love how you teach a concept so simply. Can you also make a video on "Goodwill". Thanks in advance.

    • @AccountingStuff
      @AccountingStuff  4 года назад +1

      Cheers Tarnija! My name's James :) Thanks for your suggestion

  • @AlluringSpy
    @AlluringSpy 4 года назад +4

    Thank you for doing this James! Your channel is amazing, your production value is so good and the way you explain this makes learning it so addictive. Best of luck to you!

  • @yoryaleon4056
    @yoryaleon4056 4 года назад

    We are currently struggling with our Finance teacher so all the classroom is learning from your videos, we have a test tomorrow, thank you so much for breaking it into small bits!

  • @dimitarbushkalov2380
    @dimitarbushkalov2380 2 года назад

    Awesome video man, thank you. Always struggled to link the P&l to the equity part of balance sheet

  • @surendrareddy1408
    @surendrareddy1408 3 года назад

    You are absolutely terrific. I just have one request, can you please make a video on complete financial analysis.!!

    • @AccountingStuff
      @AccountingStuff  3 года назад +1

      Thanks for your request! I'll keep that in mind for future vids :)

  • @theangriestmaninpretoria
    @theangriestmaninpretoria 2 года назад

    Dude thank you so much. I failed accounting last year but I think I'm gonna kill it this year thanks to you.

  • @inspiramind5445
    @inspiramind5445 3 года назад

    This is a great video. I will use it as part of my teachings which, I believe, will bring a lot of visitors to this video.
    Thank you! 😊👍👍👍

  • @karenwhite445
    @karenwhite445 Месяц назад

    Awesome job explaining the breakdown and the connection of the financial equation.

  • @swaite2010
    @swaite2010 4 года назад

    Hi James! I’ve been watching your videos because I am enrolling in school to become an accountant. I’m at the very beginning of this journey and then end goal is to start my own business. Could you please do a video on the different ways a business is owned? You mentioned making one in a previous video but I don’t see one made. I’d really love to know the pros and cons of partnership, corporation, and single owner.
    Also I love you videos. You make difficult principles easy to understand and reinforce them with examples in a way that help them stick! Please don’t stop!

    • @AccountingStuff
      @AccountingStuff  4 года назад

      No worries Sidney, thanks for your suggestion!

  • @ladybubbels6932
    @ladybubbels6932 4 года назад +1

    Your videos are amazing at understanding the basics, really helped me pass first year😎

  • @ashishhegde007
    @ashishhegde007 4 года назад +1

    Brilliant video as always James!

  • @naveenkgeorge2000
    @naveenkgeorge2000 4 года назад

    You are a Genius man❤️Really a big fan of your videos

  • @AntiTekk
    @AntiTekk 4 года назад

    Just started my accounting course and your videos are helping out a ton!

    • @AccountingStuff
      @AccountingStuff  4 года назад

      Cheers, glad to hear the vids are helping. Best of luck with your course!

  • @haleighmiller8749
    @haleighmiller8749 3 года назад

    thank you so much for your excellent videos and for the cheat sheet!! saving my a55 in my first accounting class

    • @AccountingStuff
      @AccountingStuff  3 года назад

      No worries Haleigh, hope it's all going well :) Thanks for your support.

  • @euridicecosta5887
    @euridicecosta5887 4 года назад

    I just found your channel today, and you explain accounting so clearly... keep the good work and the quality is on point!

  • @MrOdsplut
    @MrOdsplut 4 года назад +6

    Please could you do a bit more on managerial or tax accounting as well as financial accounting?

  • @BeastmodeEU
    @BeastmodeEU 3 месяца назад +1

    Amazing teacher ❤

  • @chaapaa179
    @chaapaa179 4 года назад +6

    Yaaaaaayyy just in time for my exams! 😁🤩
    Thanks for the awesome vidoes 😊

  • @imibelle123
    @imibelle123 3 года назад

    Thank you for this! I appreciate so much having access to this kind of quality material to support what I am learning from textbooks and lectures. :)

  • @jacovanheerden203
    @jacovanheerden203 4 года назад

    Thank you for all the video's James. It helped me a lot to understand this world of accounting. Writing accounting exam tomorrow.... Please make a video of Reducing balance method or Diminishing Balance method
    of depreciation. Please also zoom into Statement of Equity for a Partnership?

    • @AccountingStuff
      @AccountingStuff  4 года назад

      Best of luck in your exam! I hope it goes well. Cheers for your suggestions :)

  • @arezootavakoli5967
    @arezootavakoli5967 4 года назад

    You are the best , god bless you, please teach salaries payable and other payable account for payroll and calculations

  • @rorideep4536
    @rorideep4536 4 года назад

    Bro Thank you so much for making this Accounting thing sooooo easy to understand.
    I didn't do Accounting in high school & now I'm in 1st year Marketing Management & I've got FA1B (cries) so i had to learn from the basics. Thank you so much for doing these videos

    • @AccountingStuff
      @AccountingStuff  4 года назад

      No worries Rori, all the best with your studies!

  • @mohsinisverycool
    @mohsinisverycool 4 года назад

    I appreciate your videos. I Myself am an Accounting graduate, very helpful in refreshing what I've learnt. I would request you to make a video on work in process and percentage of completion method. Specially covering how to send invoices as specific percentage is completed. I would be really grateful. Thank you.

  • @victorkiplimo6272
    @victorkiplimo6272 4 года назад

    Best lec, accounting looks hard but you make me take it easy,

  • @Ajay652
    @Ajay652 4 года назад +13

    Missed u for a long time....

  • @besimosmani7724
    @besimosmani7724 4 года назад +1

    Great job James. Keep doing! Greetings from Europe.

  • @JessePThomson
    @JessePThomson 4 года назад +2

    You have carried me through my first year accounting course. So thank you!!. Would love if you could do some more managerial accounting vids to carry me through next semester too! :D

  • @aaryansojiya8729
    @aaryansojiya8729 3 года назад

    Best editing and explanation

  • @haniabukar857
    @haniabukar857 3 года назад

    I used to hate accounting courses, you made it interesting and by watching your and studying more on the subject I got a high grade on the first trail Of Financial accounting Exam :)

  • @christiwanye4890
    @christiwanye4890 4 года назад

    Just found out your channel , and I am ecstatic! Could you maybe in the future explain ratios ??? Thank you in advance

    • @AccountingStuff
      @AccountingStuff  4 года назад

      Hey Christi, cheers for your suggestion! I plan to cover ratios soon :)

  • @DA-nu1ci
    @DA-nu1ci 4 года назад

    Your videos are extremely helpful. Thank you so much!!!

  • @bestcomadyandlatest2450
    @bestcomadyandlatest2450 2 года назад

    Thanks so much for your video, it has been helping me all true, but I need more videos on bookkeeping and triabalance

  • @justeecoute9805
    @justeecoute9805 4 года назад

    20min before assessment! You saved my life

    • @AccountingStuff
      @AccountingStuff  4 года назад

      How did it go??

    • @justeecoute9805
      @justeecoute9805 4 года назад

      @@AccountingStuff I'm bad in accounts so.. catastrophic

    • @AccountingStuff
      @AccountingStuff  4 года назад

      @@justeecoute9805 Noooo! Sorry to hear that. Hopefully it went better than you think

  • @anjumabdulazyz5444
    @anjumabdulazyz5444 3 года назад

    Hiii James..
    Thankyou soo much...Your videos helps me alot .
    Can you make a video on Costing??

  • @user-vy1or3qn9x
    @user-vy1or3qn9x 4 года назад

    i hope you can do more videos especially about merchandising and manufacturing operations, thank you!!

  • @SuperSaj
    @SuperSaj 4 года назад +1

    Your videos are very useful, they are my go to, when I need further clarification.
    Can you do one on consolidated statements?

  • @Fl4shj0st
    @Fl4shj0st 4 года назад +2

    New subscriber here and I must say, I love your "Accounting Stuff."

  • @thegodfather8164
    @thegodfather8164 4 года назад

    Thank you James it was great video

  • @emilyb7867
    @emilyb7867 4 года назад

    James, I really hope your channel booms in popularity! I am an accounting student and your videos are so informative, with the perfect explanation and great editing!

  • @peterliao6045
    @peterliao6045 4 года назад +1

    Hey man, missed your content and this came right in time before my finals. Learned how to debit/credit and all else with your video which made my university modules much easier to handle. Hope everything is doing well for ya, love from Singapore

  • @rowanelassy7529
    @rowanelassy7529 3 года назад

    I just wanna let you know that if I pass my exam this year, it’s because of you. Thank you, really.

  • @alcinasmall1132
    @alcinasmall1132 4 года назад +4

    James, can you do a video on how you can tell the difference between journals and the accounts because they are giving me problems

    • @AccountingStuff
      @AccountingStuff  4 года назад +2

      Cheers for your request! I touch on this in this video... ruclips.net/video/yYX4bvQSqbo/видео.html

  • @SippenSomeTea
    @SippenSomeTea 4 года назад

    Please do a Cost Volume Profit Analysis and how Contribution Margin affects the decision to choose one product over the other, if at all. Love your videos!!

  • @markhache3593
    @markhache3593 4 года назад

    Hi James, love your videos. I'm a teacher and you make this dry material very entertaining. I want to show my students your videos, but on the other hand I don't because then they won't want to hear me teach it ever again. Haha. You are a great resource. Keep up the great work. If you are looking for ideas, I would love your take on Canadian taxes. I know it's specific and depends on the province, but even a broad explanation would be great. How and when do we journalize GST and PST and HST and OMG? Thanks, Mark

    • @AccountingStuff
      @AccountingStuff  4 года назад

      Hey Mark! Thanks for your feedback and cheers for your suggestion :)

  • @bkalkan7493
    @bkalkan7493 4 года назад +2

    thank you so much for your videos ! they are incredible and very useful. Could you please make a series which explain true company statements ? (of course by covering the names :) because accounting is understandable in lecture by but in real life practices the situation is severe :(
    missed you !

    • @AccountingStuff
      @AccountingStuff  4 года назад +1

      Cheers for your suggestion! I'll keep that in mind :)

  • @titaridhanty3144
    @titaridhanty3144 4 года назад +1

    Been waiting for a new post, and this helps me alot to understand accounting better!

  • @johnfraleighcarillo1277
    @johnfraleighcarillo1277 4 года назад

    I love your video and wanting to watch and learn more

  • @isaiahtheanimeostcollector6682
    @isaiahtheanimeostcollector6682 2 года назад

    Wow you are the goat man. Learning so much from you. Keep up the great work

  • @Roblox_Raya877
    @Roblox_Raya877 4 года назад

    Honestly sooo helpful and easy explained! Keep going

  • @safinakhan8609
    @safinakhan8609 4 года назад

    Your videos is relaly help us

  • @ultralegendarybeast101
    @ultralegendarybeast101 3 года назад +1

    James is THE MAN!!!

  • @fanilo95
    @fanilo95 2 года назад +1

    Super helpful and informative, thanks a LOT !

  • @shawtayy_ellaxo1370
    @shawtayy_ellaxo1370 3 года назад

    I would really love to see a video or miniseries on Group/consolidated financial statements if possible! loving your videos so far

  • @PorcelainxCat
    @PorcelainxCat 3 года назад

    I absolutely love how I've learned more from this channel in an hour, than I have in 6 months of classes. Honestly thank you sooo much for helping me survive in this course!

  • @primmeprim7587
    @primmeprim7587 3 года назад

    You are my favorite accounting teacher