Assets, Liabilities & Equity: Made Easy!

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  • Опубликовано: 27 дек 2024

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  • @AccountingStuff
    @AccountingStuff  4 месяца назад +7

    What concept have you found the hardest to grasp so far? Let’s tackle it together!

    • @kevinmaina8669
      @kevinmaina8669 4 месяца назад +1

      GAAP Vs Non-GAAP

    • @AccountingStuff
      @AccountingStuff  4 месяца назад +1

      @@kevinmaina8669 👍

    • @ujjwaltamang9589
      @ujjwaltamang9589 4 месяца назад +1

      Adjustment of taxes and provision for taxes in Income statement and statement of retained earning.

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      @@ujjwaltamang9589 👍

    • @thesnackbandit
      @thesnackbandit 4 месяца назад

      Seriously awesome and fun video. Great stuff.

  • @chrismarkakis4030
    @chrismarkakis4030 4 месяца назад +14

    One of the best lecturers CAUSE he keeps things simple and organized step by step so you can get the hang of it either you are beginner, or you want to refresh stuff. Keep up the good work!

  • @ANAO-b2s
    @ANAO-b2s Месяц назад +2

    Jesus!!!! I thought I was going just for a definition. This has been more enlightening. Thank you very much for your brilliant master class.

  • @nkonzomuziwanele141
    @nkonzomuziwanele141 4 месяца назад +10

    please keep on posting videos like this one because it's very helpful.
    Thanks 🎉

  • @Sandistia
    @Sandistia 4 месяца назад +5

    I am really loving your entire playlist, and it has helped me so much more than my professors! Can you cover contra accounts with sales discounts, returns, and allowance estimations?

  • @ericomarpaboncrespo6005
    @ericomarpaboncrespo6005 4 месяца назад +2

    James, I am studying to get my Assisted Living Administrator license and in one of my question they asked a owes vs own question and my brain went straight to your video (I have a biology background so no accounting training in school). Thank you for helping me

    • @AccountingStuff
      @AccountingStuff  4 месяца назад +1

      Hope you got the question right! Great to hear you're finding these useful :)

  • @kevinmaina8669
    @kevinmaina8669 4 месяца назад +3

    Beautiful, simplified, educative, informational

  • @emmansandicho7621
    @emmansandicho7621 4 месяца назад +2

    Learned more from you than from my finance/accounting professor. thank you

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      Great to hear you're finding the channel useful! All the best :)

  • @sunilsinghchouhan6627
    @sunilsinghchouhan6627 4 месяца назад +13

    My english is not influenced but, I like your way of learning

  • @akshatdubey5297
    @akshatdubey5297 3 месяца назад +2

    Your videos are really well crafted!

  • @ipeh123
    @ipeh123 20 дней назад

    Thank you for making this video, very helpful for my exam! My input is maybe give us more examples like looking at an actual balance sheet then breaking it down. I prefer looking at the board/slides just like in class instead of a face-to-face conversation. But your way of explaining it is easy to understand, great video!

    • @AccountingStuff
      @AccountingStuff  20 дней назад

      Thanks for your feedback and best of luck in your exam!

    • @ipeh123
      @ipeh123 19 дней назад

      @ Also if I can request.. Please expand the materials to Managerial Accounting and Financial Accounting like Standard Costing and Variance Analysis, IRR, NPV, etc. I desperately need those videos but couldn’t find one with the same quality as your vids 😭
      I’m sure it would be helpful to helpless students like me, who never really study accounting but expected to conquer it in 3 months lol, this masters is crazy.

    • @AccountingStuff
      @AccountingStuff  18 дней назад

      @@ipeh123 Thanks for your requests!

  • @ayeshamallebhari8536
    @ayeshamallebhari8536 3 месяца назад +2

    It would be great if you show some practical example of rtr process from journal entries till reconciliation

  • @sarahsteiner4294
    @sarahsteiner4294 4 месяца назад

    You're the best. Thank you for these; they're lifesavers.

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      Thanks, glad you're enjoying these videos :)

  • @richardogweri9008
    @richardogweri9008 2 месяца назад

    You're a champ 💪! Love from Kenya

  • @kevinmaina8669
    @kevinmaina8669 4 месяца назад +1

    I'd love to hear more about entity type 💯

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      I'll keep this in mind for future vids :)

  • @Zirthangmawii
    @Zirthangmawii 4 месяца назад

    It is really helpful
    Your videos really help me in my studies thanks

  • @dpodsful
    @dpodsful 4 месяца назад +3

    Please lecture me all day while I gaze adoringly 😊

  • @AssylzhanN
    @AssylzhanN 4 месяца назад

    Wow thanks for refreshing my knowledge about accounting

  • @dianapaolamora249
    @dianapaolamora249 4 месяца назад

    Awsome explanation, I really enjoy watching your videos.
    I have started a master in accounting so your videos have been really helpful. Would you consider doing a video on accounting principles?😊

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      Thanks and cheers for your request! I'll keep it in mind for future vids :)

  • @iamsuryanshchaturvedi
    @iamsuryanshchaturvedi 4 месяца назад

    Love your way of teaching men 😊❤

  • @loaderror403
    @loaderror403 2 месяца назад

    Love your videos man!

  • @babthew
    @babthew 4 месяца назад

    I just took intermediate financial accounting 2 and I needed a little refresher.

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      How did the course go?

    • @babthew
      @babthew 4 месяца назад

      @@AccountingStuff haha I barely got a C. It was an 8 week summer course. For me, leases, taxable differences, and all of the types of stock issuances were the hardest.

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      @@babthew Still a pass surely?

    • @babthew
      @babthew 4 месяца назад +1

      @@AccountingStuff Yes. Thankfully. I got a 46 on one of the exams. The final exam was waited 10% more than the first three, and homework was 10% as well.

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      @@babthew Phew! Well done :)

  • @PurshotamSingh-vg5no
    @PurshotamSingh-vg5no 4 месяца назад +3

    Hi buddy, I have a problem in understanding all assets and expenses are debited and all liabilities are credited because according to google debit means reducing money and credit means increasing money
    Please answer my question

    • @BryanMuzumi
      @BryanMuzumi 4 месяца назад +1

      Don't think of Debit and credit as adding or subtracting money,in accounts the language is different,,, Debiting expenses and assets increases them,while crediting the same assets and expenses reduces them,,,for liabilities, crediting them leads to an increase and a debit for a decrease,,, on this channel, he uses the acronym"DEALER" Dividents-Expenses-Assests(DEA) Liabilities-Equity-Revenue(LER) all the accounts on the left side (DEA) are increased by a debit and reduced by a credit, while the accounts on the right (LER) are increased by a credit and reduced by a debit😊hope this helps

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      I think I explain it the best in this video: ruclips.net/video/5Y3wjH-6gHk/видео.html
      You may also find this one useful: ruclips.net/video/ddb65RudGi0/видео.html

    • @PurshotamSingh-vg5no
      @PurshotamSingh-vg5no 4 месяца назад

      Thanks for clear it​@@BryanMuzumi

    • @PurshotamSingh-vg5no
      @PurshotamSingh-vg5no 4 месяца назад

      ​Thanks for clear it @@AccountingStuff

    • @avanthishermila
      @avanthishermila 3 месяца назад

      What a nice a explanation mate. Thank you and keep it up 😊

  • @marvybus
    @marvybus Месяц назад

    Thank you.

  • @otunazeez24
    @otunazeez24 2 месяца назад

    You're too good ❤

  • @HimankNama
    @HimankNama 4 месяца назад

    Thankx brother 🎉❤

  • @salimquo
    @salimquo 4 месяца назад +1

    First to say thank you! 😅

  • @annepandesal
    @annepandesal 4 месяца назад

    thank you so much!!

  • @milanpintar
    @milanpintar 4 месяца назад

    love this video

  • @CKBREEZY7
    @CKBREEZY7 Месяц назад

    I think you should be given some type of deal where your lecturing internationally and being funded by a major Award Body as you will contribute directly to people understanding the concepts and thus becoming a member of accounting ward bodies in order to take exams.

  • @uttampatil8326
    @uttampatil8326 4 месяца назад

    Hello
    Can you please start your series on US CMA part 1 and Part 2
    That will be great help for the ones who are preparing for the upcoming exams

  • @jolly7730
    @jolly7730 4 месяца назад

    You Rock ❤

    • @AccountingStuff
      @AccountingStuff  4 месяца назад +1

      Thanks

    • @jolly7730
      @jolly7730 4 месяца назад

      @@AccountingStuff do you plan to do any videos on stocks? Basics…

    • @AccountingStuff
      @AccountingStuff  4 месяца назад +1

      @@jolly7730 I'll keep it in mind for a future video :)

    • @jolly7730
      @jolly7730 4 месяца назад

      @@AccountingStuff Thank you ♥️

    • @AccountingStuff
      @AccountingStuff  4 месяца назад +1

      @@jolly7730 You're welcome :)

  • @sameeryellapragada1351
    @sameeryellapragada1351 4 месяца назад

    Make a vedio on Accounts Recieveable if possible.

  • @RaviKumar-k8o2n
    @RaviKumar-k8o2n 4 месяца назад

    How Rental payment comes under assets rather than Expenses in the balance sheet?

    • @AccountingStuff
      @AccountingStuff  4 месяца назад +1

      It's a Prepaid Expense which is an Asset account

  • @dinolucas2697
    @dinolucas2697 4 месяца назад

    Hello, i need some help on classify property plant and equipment for determining the cost. Could you please help me?

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      I'll keep this in mind as a topic for a future video :)

  • @غالبالبلوشي-ذ1ث
    @غالبالبلوشي-ذ1ث 4 месяца назад

    Legend 🫡

  • @Heinz_ubermen
    @Heinz_ubermen 4 месяца назад

    What are the opportunity of accountant

  • @AnaMichalowskij
    @AnaMichalowskij 3 месяца назад

    great explanations. Very close up cinematography, too intense hard to watch.

  • @blair7222
    @blair7222 3 месяца назад

    What about assets = liabilities + equity + income - expense. I'm confused about how my professor teaches, I dunno how to compute it. Please help me😭🙏🏻

    • @AccountingStuff
      @AccountingStuff  3 месяца назад

      You may find this video useful: ruclips.net/video/VhwZ9t2b3Zk/видео.html

  • @udontneedtoknow6816
    @udontneedtoknow6816 3 месяца назад

    Why do the British over complicate simple concepts.

  • @Murtaza_Mohammadi
    @Murtaza_Mohammadi 2 месяца назад

    Please slow down you are too fast
    It's not good method of teaching like this

  • @thusrouzey
    @thusrouzey 3 месяца назад +1

    Can you demonstrate about correction of errors @accountingstuff

    • @AccountingStuff
      @AccountingStuff  3 месяца назад

      I'll keep this in mind for a future video!

  • @cendyhill
    @cendyhill 4 месяца назад

    Can I have you email?

  • @cendyhill
    @cendyhill 4 месяца назад

    Wonderful video❤ Can I have you email?

    • @AccountingStuff
      @AccountingStuff  4 месяца назад

      You're welcome to contact me here: accountingstuff.com/contact