It's 9th December, 2023. These lectures are really awesome, I couldn't understand accounting in class but now I have learnt better. Thank you for these awesome explanations.
Dave Krug is a real smart guy. :) I’m finally beginning to understand accounting. My college prof was so bad I used to loathe this subject. Thank you Prof Krug for giving us the gift of these lectures! Bless you.
We're currently on Merchandising. And must I say, I failed the Service Business part because of lack of knowledge in AJE, Closing and Reversing. Now I realized that these 3 in which I suck at are also reflected in Merchandising. So I am very elated to have found your tutorials. You are going to save my life. Thank you very much!
THIS is the missing link that explains how purchases differ from expenses! I can't tell you how valuable this is. I'm a farmer, and it's a little weird, as businesses go (because our inventory just "appears" -and "disappears" if we don't sell it soon enough), so I'm having to figure out accounting as I go. Starting from the absolute basics is the only way to learn this!
You are an amazing Professor! thank you so much for teaching me the "REAL" hint. I've never learned it this way but you just made it so much easier for me.
thank you so much. i subscribe this channel soon you tech us free accounting course i have no words to express how much i am happy you are like light in the dark for us who can not afford school fee and set home. i like the instructor he explain by simple word and give examples that any body can understand he help us a lot . pleas keep posting ...... many tanks from Africa Ethiopia
Thank you so much for your wonderful lecture. It is much helpful and easier to understand as well as remember AJE (Adjusting Journal Entry). Next week, I will have an exam, and one of the questions will be AJE that I found it really difficult to remember which account should I debit or credit. I have tried to watch different videos related to AJE on RUclips, but many of them are still so hard and make me confused until I find this video and this channel. That helps me a lot. Thank you!
Cash of account, accrued is not the old debt the company have to take care of in the business or cooperation sir. Professor. in the financial statement. You debt cash of 6000 thousands. on the end of the month which is on the 29 of december and you credit insurance expenses which is the 6 ,000 dollars for the month of december. powerful explanation sir.Real means Revenue, Expenses, assets and liability this is working in real life this days of our generations I am tired now let me focused on my home work now. blessed you sir
Hello Mr. Dave, i am very glad to have found your site its very helpfull as i just starting to study accounting for a short course.I hope to get some hand outs from you.Thank you!
*Easier way to remember this is by paring them up like this* SE > S EX > PP (Prepaid Expenses) paid in advance EX > AP (Accrued Expenses) used it have not paid AR > R (Accrued Revenue) did it have not paid UR > R (Unearned Revenue) pay me have not done it DE > AD *learn the left column first and later the second on the right is is easier* S: Suupplies , Ar: accounts receivable, Ex: Expenses , Ur: unearned revenue, Ap: Accounts payable , R: revenue, De depreciation , accumulated depreciation
For this chapter, I think it's better to read the textbook first, and then listen to the lecture. Knowing the system first, you will understand the lecture more.
Does anyone have the handouts by anychance? I am not taking the class but this is the first lecture with homework assigned that I can not do because I don't have the handouts. I LOVE THIS CLASS! I have understood everything thus far! Thank you for a wonderful lecture. Thank you!
Question: In practice, how do you keep track of AJEs during an accounting period? Because you can't keep all of them in your head, right? Do you write them down in a separate temporary journal, and then just copy them onto the real journal at the last day of the accounting period?
great video. But how do you record following adjustment: During the year, Dividends amounting to $5,000 was declared and paid. This was not recorded. Is cash involved in this adjustment entry?
HI Professor, could you possibly post the link for all the hand outs so we just click the link and get it . Thank you so much for your time. I learn 100% from all your lecture but I want to get those hand outs if possible. Thanks!
what happens when you purchase prepaid insurance and its active on the date you purchased it eg. on the 10th? how do you log that because the next period is the 10th of the following month? Is it still considered a AJE?
sir prof is saying that AJE is made on last day of the period while in first example AJE is made on 31-01-11 while Last day of the period was 31-12-10 please clarify thanks
"Whenever I introduce a new account, please know me well: I want you to know the type of the account, the balance of the account, and what financial statement it's on." He does sort of discombobulate these pieces of information. Really, it's only one piece of information which he has hardly touched: the type of account. Once you know that, you know the balance and what financial statement.
Took the Practice exam blogs.jccc.edu/accounting/files/2015/04/PRACTICE-TEST-CHAP-12.pdf got 2 Mistakes #5. Which I am not really familiar(i admit that) and #12 I hope there wil be an explanation for this Item I tried to analyze but I really cannot fihure it out.
lemme give credit where its due. His lectures are better than all accounting lessons I have ever heard
He is much better than my professor.
It's 9th December, 2023. These lectures are really awesome, I couldn't understand accounting in class but now I have learnt better. Thank you for these awesome explanations.
Can I just say I love this Guy, 2020 Kudos...….
Dave Krug is a real smart guy. :)
I’m finally beginning to understand accounting. My college prof was so bad I used to loathe this subject. Thank you Prof Krug for giving us the gift of these lectures! Bless you.
We're currently on Merchandising. And must I say, I failed the Service Business part because of lack of knowledge in AJE, Closing and Reversing. Now I realized that these 3 in which I suck at are also reflected in Merchandising. So I am very elated to have found your tutorials. You are going to save my life. Thank you very much!
I have understood more from your video than I did in 9 weeks of class. Thanks, you are amazing! =)
THIS is the missing link that explains how purchases differ from expenses! I can't tell you how valuable this is. I'm a farmer, and it's a little weird, as businesses go (because our inventory just "appears" -and "disappears" if we don't sell it soon enough), so I'm having to figure out accounting as I go. Starting from the absolute basics is the only way to learn this!
Best teacher ever!!! He is the reason why I passed accounting.
You are such an amazing teacher. I am using your lessons to complement my hospitality accounting course. Your examples are clear. Kudos. :)
Donde vives
I attend Fisher Business School at the Ohio State University, and you Sr. are at the level of the great professors I've had. Keep the good work!
Thank you Dave for these videos! You are the reason why I am making it through so far!
most organized clear lecture on youtube when it comes to accounting!! thank you!!
Valuable input i had never and ever got like this lectures.long live Mr.Dave..................
BEST Accounting lecture series ever!!!! Helped me a night before exam!! V V V much recommended :)
He is better than my professor.
Always appreciate you
You are an amazing Professor! thank you so much for teaching me the "REAL" hint. I've never learned it this way but you just made it so much easier for me.
Phenomenal teaching skills. You just crash coursed me for my final tomorrow! Life saver!! thank you so so so much :) you're the best!
over my career, i've learned a few shortcuts, but REAL was mind-blowing! I can't believe i never saw that!
Can you name a few of the most helpful ones?
clear and precise, so our brain can absorb better.. not like other instructors there lectures are complicated
thank you very much for making this video! It helps me unlock something in my mind about AJE. Great job sir! God bless you.
thank you so much. i subscribe this channel soon you tech us free accounting course i have no words to express how much i am happy you are like light in the dark for us who can not afford school fee and set home. i like the instructor he explain by simple word and give examples that any body can understand he help us a lot . pleas keep posting ......
many tanks from Africa Ethiopia
This guys is awesome, I've been watching his videos and they helping alot :)
you are the best Mr Krug thanks a lot .
Thank you so much for all those tips!!!!
Accounting is making a lot of sense to me now. :)
This Lectures helped a lot, Thanks Prof
This is really very good. Great acvounting class. Thank you, for sharing it on youtube.
Thank you very much!!! You are really good at explaining things! :)
Excellent lecture. Thank you! I love your REAL tip.
it is easier my way check the comment above
Thank you so much for your wonderful lecture. It is much helpful and easier to understand as well as remember AJE (Adjusting Journal Entry). Next week, I will have an exam, and one of the questions will be AJE that I found it really difficult to remember which account should I debit or credit.
I have tried to watch different videos related to AJE on RUclips, but many of them are still so hard and make me confused until I find this video and this channel. That helps me a lot.
Thank you!
Cash of account, accrued is not the old debt the company have to take care of in the business or cooperation sir. Professor. in the financial statement. You debt cash of 6000 thousands. on the end of the month which is on the 29 of december and you credit insurance expenses which is the 6 ,000 dollars for the month of december. powerful explanation sir.Real means Revenue, Expenses, assets and liability this is working in real life this days of our generations I am tired now let me focused on my home work now. blessed you sir
Omg! Thank you for explaining this in terms a newbie could understand. My Professor had me lost!
I really love this course
Hello Mr. Dave, i am very glad to have found your site its very helpfull as i just starting to study accounting for a short course.I hope to get some hand outs from you.Thank you!
THANKYOUSOMUCH! Your the best teacher ever! :)
Thanks for the tip about REAL
this really help me a lot, thank you Mr. Krug.
This guy is the man !
Excellent teaching...
thanks, now it makes more sense to me. i hope i will not flunk in Accounting 101
Aw that so nice of you sir.
brilliant lecture
thnx
I get your handouts David, you are such a great teacher!
can u send the copy shenellpill@yahoo.com
thanks
I didn't understand this when our professor discussed it. Thanks alot. We'll be having our midterm exams tomorrow. Haha.
Very helpful
I WISH I WAS IN YOUR CLASS!!!
*Easier way to remember this is by paring them up like this*
SE > S
EX > PP (Prepaid Expenses) paid in advance
EX > AP (Accrued Expenses) used it have not paid
AR > R (Accrued Revenue) did it have not paid
UR > R (Unearned Revenue) pay me have not done it
DE > AD
*learn the left column first and later the second on the right is is easier*
S: Suupplies , Ar: accounts receivable, Ex: Expenses , Ur: unearned revenue, Ap: Accounts payable , R: revenue, De depreciation , accumulated depreciation
An ELMO is a type of document camera.
Thank you
My Accounting professor once told the class the book is missing "errors" as another type of Adjusting Journal Entries.
Thanks!
Love you sir
For this chapter, I think it's better to read the textbook first, and then listen to the lecture. Knowing the system first, you will understand the lecture more.
this is the hardest for me so far
Does anyone have the handouts by anychance? I am not taking the class but this is the first lecture with homework assigned that I can not do because I don't have the handouts. I LOVE THIS CLASS! I have understood everything thus far! Thank you for a wonderful lecture. Thank you!
how to journalize a C.O.D? is it on sales journal or cash receipt journal?
Question: In practice, how do you keep track of AJEs during an accounting period? Because you can't keep all of them in your head, right? Do you write them down in a separate temporary journal, and then just copy them onto the real journal at the last day of the accounting period?
great video.
But how do you record following adjustment:
During the year, Dividends amounting to $5,000 was declared and paid. This was not recorded.
Is cash involved in this adjustment entry?
HI Professor, could you possibly post the link for all the hand outs so we just click the link and get it . Thank you so much for your time. I learn 100% from all your lecture but I want to get those hand outs if possible. Thanks!
My. head. is. going. to .explode.
Wow, that intro music hahaha
this one is hard
i have to rewatch it again
what happens when you purchase prepaid insurance and its active on the date you purchased it eg. on the 10th? how do you log that because the next period is the 10th of the following month? Is it still considered a AJE?
IF YOU WANT HANDOUTS, JUST E-MAIL ME AT MY EMAIL ADDRESS....IT IS GIVEN NUMEROUS TIMES THROUGHOUT LECTURE! : ) Dave Krug
no need to wish. We are in his class ;)
Is there anywhere where we can find the homework worksheets he made for his class
Lecture Number 11 = Done
how do i take the test?
❤ it
What is the difference between salvage value and book value?
sir prof is saying that AJE is made on last day of the period while in first example AJE is made on 31-01-11 while Last day of the period was 31-12-10 please clarify thanks
If I can get those handouts t would be great
This class is helping me well. could you please email me the handout.
47:36 Handouts (Answers next vid)
They should increase your salaries ;-)
blogs.jccc.edu/accounting/
A lot useful info on the course - handouts etc
Hey Jen... Can you send me the handouts, please....
send me hand outs sir please .. :(
all about adjusting journal entries :D thanks in advance. more power
what's an elmo
"Whenever I introduce a new account, please know me well: I want you to know the type of the account, the balance of the account, and what financial statement it's on."
He does sort of discombobulate these pieces of information. Really, it's only one piece of information which he has hardly touched: the type of account. Once you know that, you know the balance and what financial statement.
Thank you Jesus, I mean Kruger.
Cory i have the handouts
Why can't Young-Deok Lim explain like this?
Took the Practice exam blogs.jccc.edu/accounting/files/2015/04/PRACTICE-TEST-CHAP-12.pdf
got 2 Mistakes #5. Which I am not really familiar(i admit that) and #12 I hope there wil be an explanation for this Item I tried to analyze but I really cannot fihure it out.
I got the same 2 wrong!! :-/
Anyone else watch these on 1.75x speed?
email me and ask me and I can give them to you. my e-mail address is given numerous times throughout lecture.
Who else is watching this in 2020 pandemic?
why can't you be my teacher
"quit your whining!"
Hey Jen... Can you send me the handouts, please....