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The INCOME STATEMENT Explained (Profit & Loss / P&L) 

Accounting Stuff
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💥Income Statement Cheat Sheet → accountingstuff.com/shop
🖊Income Statement Practice Questions → accountingstuff.com/practice-...
The 'Income Statement', or 'Profit and Loss Statement' (P&L) is one of the three major Financial Statements, along with the Balance Sheet and the Statement of Cash Flows. In this tutorial, you'll find out what the Income Statement is and how you can use it to measure a business's financial performance.
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
01:02 - Income Statement Definition
01:10 - What a Basic Income Statement Looks Like
02:10 - An Analogy
02:37 - Expanding the Income Statement
03:16 - Direct Costs - Cost of Sales
04:48 - Gross Profit
05:10 - Indirect Costs - Overheads
06:15 - Operating Profit
06:42 - Comparative Periods
07:18 - Example - Imaginary Company
08:17 - Financial Ratio Analysis - Gross Profit Margin
09:34 - Interest Expenses & Tax
10:01 - Net Profit
10:12 - Gross Profit vs Operating Profit vs Net Profit
🔗VIDEO LINKS
▪ Balance Sheet → • How The BALANCE SHEET ...
▪ Cash Flow Statement → • Intro to Cash Flow Sta...
▪ Book Review → • The Accounting Game - ...
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▪ Xero (FREE TRIAL) → xeroamericas.grsm.io/ck90eoq1...
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DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
For sponsorship, product reviews, and collaboration, you can email me here: james@accountingstuff.co
________________________
#accounting #accountant #accountingstuff

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15 июн 2024

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Комментарии : 1 тыс.   
@AccountingStuff
@AccountingStuff 4 года назад
Who'd like to see some videos on Financial Ratio Analysis? TIMESTAMPS 00:00 - Intro 01:02 - Income Statement Definition 01:10 - What a Basic Income Statement Looks Like 02:10 - An Analogy 02:37 - Expanding the Income Statement 03:16 - Direct Costs - Cost of Sales 04:48 - Gross Profit 05:10 - Indirect Costs - Overheads 06:15 - Operating Profit 06:42 - Comparative Periods 07:18 - Example - Imaginary Company 08:17 - Financial Ratio Analysis - Gross Profit Margin 09:34 - Interest Expenses & Tax 10:01 - Net Profit 10:12 - Gross Profit vs Operating Profit vs Net Profit
@laytonhow1679
@laytonhow1679 4 года назад
My exam is in a week hurry!! Great content dude you explain so clearly very helpful for my A Level :)
@AccountingStuff
@AccountingStuff 4 года назад
@@laytonhow1679 Good luck! Hope it goes well
@pris3675
@pris3675 4 года назад
Accounting Stuff yesss pls than you so much for what uve been doing
@MuhammadAli-yt6hv
@MuhammadAli-yt6hv 4 года назад
ME me me yep I would love to see it
@nusynasys8512
@nusynasys8512 4 года назад
You are reading my mind James! yes please ratio analysis. totally subscribing to your channel.
@gerryendersen4718
@gerryendersen4718 3 года назад
i love having three hour lectures where I get nothing only to come and watch an 11 minute youtube video after where I learn more
@rayy5538
@rayy5538 3 года назад
U r right🙂
@muzzammiledoo3876
@muzzammiledoo3876 3 года назад
That's because there in the 3hrs lecture, you are expecting the lecturer to come and put in your head without YOU trying to make an effort. That is spoon feeding you were expecting. Where as here you have put aside your lazy nature and come to learn. Had you done the same for the 3hrs lecture you would have learnt way more you understood in this video. So put aside your laziness and poisoning ego and start to learn boy.
@gerryendersen4718
@gerryendersen4718 3 года назад
@@muzzammiledoo3876 okay dude calm down
@hapemokenela7388
@hapemokenela7388 3 года назад
Know what you mean; Some people are very good at teachers, while others... not so much.
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@niloykarmaker1024
@niloykarmaker1024 4 года назад
Thanks Buddy!!!!!! The Way You Give Priorities to Your Regular Audience!! Winning Hearts Bro!!!
@AccountingStuff
@AccountingStuff 4 года назад
Haha, thanks!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@infamousprince88
@infamousprince88 Год назад
Searching the comments to see if Niloy ever crushed his exam
@NutirtionCat
@NutirtionCat 4 года назад
Don't even know why I bother going to class... Every single topic I've had issues with, you've managed to explain flawlessly in 15 minutes or less. Thank you so much!!
@AccountingStuff
@AccountingStuff 4 года назад
No worries Catalina, glad to hear the vids are helping!
@TheHamontree1
@TheHamontree1 4 года назад
Thanks so much for this. I understand it better when you explain it than my lecturer 😂
@AccountingStuff
@AccountingStuff 4 года назад
Hey Lapine, you are very welcome :)
@QaotixReezuh
@QaotixReezuh 4 года назад
100000% Wish this guy was my Tutor!
@rasoulrasouli5073
@rasoulrasouli5073 3 года назад
Same here man, old accountants who act all cocky for knowing this stuff make me hate school altogether
@dgupta9640
@dgupta9640 4 года назад
For a non-commerce, it's a gift. Thank you for all your videos and vivid examples. These videos may not fetch you a million views but it's a big help for many of us out there, confused and puzzled. So please keep posting your videos and could you please break down the financial statements in part by part and not all in one video. thank you !☺
@AccountingStuff
@AccountingStuff 4 года назад
Thanks for your feedback! Glad to hear that you are finding these videos helpful. Cheers for your suggestion re: breaking the financial statements down, I would most definitely like to do that in the future!
@DaveCordova
@DaveCordova 4 года назад
Two minutes in and I already understood what an income statement actually is. Something my lecturer didn't explain over the past weeks and I have a test today. Literally going over all videos relevant to the topics of my test today. You're a gem!
@AccountingStuff
@AccountingStuff 4 года назад
Good luck David!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@mrfox7044
@mrfox7044 3 года назад
I am from Egypt and for the very first time in my life I understand accounting right thank you very much
@AccountingStuff
@AccountingStuff 3 года назад
Nice one!!
@aam7486
@aam7486 4 года назад
Thank you so much! I'm completely new to accounting and you've made it easier for me to understand, may God bless you!
@AccountingStuff
@AccountingStuff 4 года назад
No worries Skylar, it's a tough subject to understand at first. Glad I could help in some small way. All the best
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@princevarghese9930
@princevarghese9930 Год назад
one thing is clear from your videos, you know your stuff well and you know how to represent it in a way so that one can retain it for long term.
@AccountingStuff
@AccountingStuff Год назад
Appreciate your positive feedback! Thank you for watching.
@mmiah3732
@mmiah3732 4 года назад
This guy is an absolute saviour. Dude you're doing amazing
@AccountingStuff
@AccountingStuff 4 года назад
Cheers mate!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@annizhao1525
@annizhao1525 2 года назад
Just wanted to thank you for all the videos that you make! I'm currently in my 1st year of university and have an accounting exam coming up & I just discovered your videos and they've already helped me a lot :) You explain everything so clearly and I also like how you edit your videos to support visual learning, so thank you!!
@chimakwaprettyboy4186
@chimakwaprettyboy4186 3 года назад
I spent 4K and walked away confused and still paying the damn debt...Thank you for the simplicity of explaining the P&L! I would love the ratios and maybe liquidity as well 🤗🤞🏼
@AccountingStuff
@AccountingStuff 3 года назад
Thanks for your request! I plan to cover ratios soon :)
@babblesp1367
@babblesp1367 2 года назад
At least it’s only 4k.
@collinssunshine3646
@collinssunshine3646 3 года назад
This guy is a teacher...not every lecturer can teach..most of them just complicate your life by making accounts look even more difficult
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@Erning2994
@Erning2994 4 года назад
I needed this quick lesson so much for a small business I started. Your videos have helped monitor cash flow better. Thanks so much James!
@AccountingStuff
@AccountingStuff 4 года назад
Nice one Ivy. Got to keep on top of that cash! Good luck with your business.
@suleimanshaik
@suleimanshaik 2 года назад
I love the simplicity of the video. Helps us "non-finance guys understand the basics. Thanks
@TheNytBlade
@TheNytBlade 4 года назад
This channel is exactly what i needed, very well put together videos and clear too. Thank you so much!
@AccountingStuff
@AccountingStuff 4 года назад
I'm glad you think so! Thank you
@SamYoumansS6R16Y
@SamYoumansS6R16Y 4 года назад
Please do a video on ratios derived from the financial statements! I'd like to know something about the most common ratios before we get to them in class. As always, great video! 🙌
@AccountingStuff
@AccountingStuff 4 года назад
Cheers for your suggestion Sam! I'm planning to cover it soon.
@marieclaudettegarella2038
@marieclaudettegarella2038 4 года назад
Thanks so much. I hope you keep doing videos so that my life can keep being easy...much love from the Netherlands
@AccountingStuff
@AccountingStuff 4 года назад
Cheers, I don't plan on stopping any time soon!
@AccountingZerotoHero
@AccountingZerotoHero 3 года назад
Amazing video! I love how you can summarize big topics into concise videos!
@valentinmoldovan341
@valentinmoldovan341 4 года назад
Hello, James! :) Great work with all the videos so far, a brilliant idea! :) They are very useful for beginners but also for people who want a refresher/recap, better explained than in many thick and boring books :)
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Valentin, I'm glad you think so!
@andrezaandrade1831
@andrezaandrade1831 4 года назад
Just continue doing this, you're a great teacher! Thanks a lot!!!
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Andreza, will do!
@maesantino4375
@maesantino4375 3 года назад
Thank you again Teacher! watch your vids(everynight) its very helpful*
@AccountingStuff
@AccountingStuff 3 года назад
No worries, best of luck with your studies!
@KeshaGeorge
@KeshaGeorge 3 года назад
This has been incredibly informative and helpful. Grateful for this channel, I will be viewing more videos as I do my best to catch up with my class.
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@lizroy9404
@lizroy9404 4 года назад
I've already watched all your videos literally🤟 Thanks for simplifying them❣ It means a lot for me as a accounting student. Hoping for your next video soon.
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Chersea! I am away on holiday at the moment but have plenty more planned for the future. Good luck for this semester!!
@blessingsomtochukwu168
@blessingsomtochukwu168 4 года назад
Can i prepare an income statement for a business that is 6 months old
@anjumabdulazyz5444
@anjumabdulazyz5444 3 года назад
Hey James.. To be honest, I don’t know how you manage to do such a good job every single time. Very well done!
@AccountingStuff
@AccountingStuff 3 года назад
Thanks Anjum!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@babblesp1367
@babblesp1367 2 года назад
It probably helps that it’s broken down piece by piece.
@fusagasugena
@fusagasugena 4 года назад
You are the only one who can explain accounting principles easier without being boring. Many thanks for making these videos
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Lili!
@elizabethbogucka4503
@elizabethbogucka4503 2 года назад
Thank you for your amazing videos! They are much easier to follow for me (I know nothing about accounting) than most other stuff on RU-vid on the subject!
@phildimuro150
@phildimuro150 4 года назад
Seriously amazing stuff man. These videos are so well made and the quality really shows! Keep it up just sub'd
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Phil! Great to have you on board :)
@MAAAX2211
@MAAAX2211 4 года назад
Your explanation is beyond perfect thank you very much
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Adeel!
@amanbekovdaniel4330
@amanbekovdaniel4330 3 года назад
his videos are so professional. Good job man!
@AccountingStuff
@AccountingStuff 3 года назад
Thanks, glad you enjoyed it :)
@pabiedaisy8164
@pabiedaisy8164 2 года назад
These videos are pure gold!
@bleinyohannes279
@bleinyohannes279 4 года назад
Recommended this channel to my classmates and they absolutely love you! We hope you consider doing a video on financial ratio analysis!
@AccountingStuff
@AccountingStuff 4 года назад
Thanks for sharing the channel Blein! I have plans to cover financial ratios at some point
@404TRUCKERTV
@404TRUCKERTV 3 года назад
Omg, why can't professors make learning this easy lol. Love it man, very good!
@AccountingStuff
@AccountingStuff 3 года назад
Cheers, glad you enjoyed it!
@nicolebesler5645
@nicolebesler5645 3 года назад
I am so thankful I found your videos! THANK YOU, THANK YOU, THANK YOU! You explain everything so concise and clear. I've shed a few tears trying to learn the account basics.. my partner asked if I had turned to youtube for a little assistance. Voila, YOU! Yes! So helpful! I'm binge-watching your videos. No tears today!
@AccountingStuff
@AccountingStuff 3 года назад
Hey Nicole, glad you're finding these helpful! All the best with your studies :)
@samueldegirona9466
@samueldegirona9466 Год назад
Absolutely brilliant. So clear and succinct. Thank you 🙏🏻 Great guy!
@accordv6er
@accordv6er 3 года назад
Dude you're the man. Absolute Legend as they say in your parts I believe.
@AccountingStuff
@AccountingStuff 3 года назад
Cheers! Haha
@BigMxRadio
@BigMxRadio 4 года назад
the content is a huge help in my review for my midterm! thanks mate!
@AccountingStuff
@AccountingStuff 4 года назад
No problem, good luck in your midterm!
@BigMxRadio
@BigMxRadio 4 года назад
Accounting Stuff Literally got 94%
@AccountingStuff
@AccountingStuff 4 года назад
@@BigMxRadio Damn, well done!!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@Kriszti905
@Kriszti905 6 месяцев назад
I am working in Finance & Accounting for many years, but I really found your videos funny, entertaining and useful. I love watching them, please keep up with creating more contents like this. 🥰
@AccountingStuff
@AccountingStuff 6 месяцев назад
Thanks for your kind words. Glad you're enjoying these videos!
@chanelstaine9846
@chanelstaine9846 6 месяцев назад
Same. Really fun seeing these been broken down so simply and clearly.
@danielsilungwe743
@danielsilungwe743 Год назад
Its very easy to understand a topic after watching these videos. Thanks for your lectures
@AccountingStuff
@AccountingStuff Год назад
Glad it's making sense!
@Wabinator
@Wabinator 4 года назад
Thanks! This video saved me. Love the way you explain these vids.
@AccountingStuff
@AccountingStuff 4 года назад
No problem!
@abeehahassan857
@abeehahassan857 3 года назад
Thank you, prepared me for my accounting assessment today Edit: back here cuz of my finals lol 🤡
@AccountingStuff
@AccountingStuff 3 года назад
No worries, best of luck with it :)
@whatisdatt
@whatisdatt 3 года назад
Thank you so much for this!!! You're amazing. Although I wanted to suggest you solving real questions
@AccountingStuff
@AccountingStuff 3 года назад
Thanks for your request!
@josangloria2111
@josangloria2111 4 года назад
Awesome videos!!! Keep making videos very useful and informative. Thank you
@AccountingStuff
@AccountingStuff 4 года назад
Thanks, will do!
@JJ-to7pn
@JJ-to7pn 4 года назад
Thank you for uploading these videos. I’m self studying accounting and in preparation to go back to school four or five years down the road i’ve been watching and cross referencing all your videos as they have been incredibly helpful in clarifying and cementing many of the accounting topics found in many of the books and textbooks I’ve been using to study. I just wanted to leave words of encouragement. Your videos have really impacted me in my journey to better improve my life. Keep up the good work I really enjoy your videos! P.S what university accounting textbooks and subjects would you recommend for self study as I have quite a bit of time to prepare.
@AccountingStuff
@AccountingStuff 4 года назад
Hey mate, thanks for your comment. I appreciate the encouragement! Good on you for putting all of this effort into learning the subject. I hope it pays off for you! Hmm... I'm afraid there aren't really any textbooks that I can recommend at this stage. Only 'The Accounting Game' which I made a video about. If you discover any, please let me know
@jasmin2239
@jasmin2239 4 года назад
I'm new to your channel yet you have already contributed greatly to my study of this course. Thank you so much! You are a true hero for aspiring accountants ❤
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Jasmin, good luck in your course!!
@TheFinancialController
@TheFinancialController 4 года назад
Great Job, happy to see your channel grow.
@AccountingStuff
@AccountingStuff 4 года назад
Thanks mate!
@mamabear71234
@mamabear71234 4 месяца назад
I enjoy your sense of humor and your simplified method of teaching. You make it simple.
@AccountingStuff
@AccountingStuff 4 месяца назад
Thanks, glad you're enjoying these :)
@treemane0
@treemane0 4 года назад
Hell yeah, been waiting for this for a long time now🔥
@AccountingStuff
@AccountingStuff 4 года назад
Hope it was worth the wait!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@rasulbektokhirov4809
@rasulbektokhirov4809 3 года назад
Very informative and compheresible. Thank you for creating and sharing such a useful content 😊✊🔥🚀🚀
@AccountingStuff
@AccountingStuff 3 года назад
Glad it was helpful!
@randylee5651
@randylee5651 3 года назад
I want to thank you for making these videos, accounting in college is hard and im pretty sure its way harder in real life, but you make it easier. Thank you.
@AccountingStuff
@AccountingStuff 3 года назад
No worries, I'm happy to help!
@josephanderson1783
@josephanderson1783 4 года назад
Such a simple, comprehendible explanation. thanks.
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Joseph!
@ishontz
@ishontz 4 года назад
You're a legend. Thank you. Keep up the good work:)
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Shontz, glad you enjoyed the vid!
@sarahreedzuan2017
@sarahreedzuan2017 4 года назад
Hi, can you make video on how to do the sales forecasting for start up business.. your explanation is the best.
@AccountingStuff
@AccountingStuff 4 года назад
Hey Sarah, thanks for your suggestion!
@nelpics
@nelpics 4 года назад
Thank you mate. It helps me a lot in my accounting class. Hoping for more videos often. Nice content!
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Nelson! I am working on it but the videos take a long time to put together.
@ankiodzuongdzuong8616
@ankiodzuongdzuong8616 29 дней назад
There is no day I don't watch at least one of your videos. Each of your lesson values more than a Bitcoin! Appreciate very much!
@AccountingStuff
@AccountingStuff 29 дней назад
Great to hear you're finding them useful :)
@peterpansyndrome39
@peterpansyndrome39 4 года назад
I'm taking an accounting course and your videos have been so helpful. Can you make a video on depreciation and contra asset accounts, having trouble wrapping my head around the text in the textbook. Need your perspective :D
@AccountingStuff
@AccountingStuff 4 года назад
Hey Brett! Thanks for your suggestions, I'll keep those topics in mind.
@financeandfitness1262
@financeandfitness1262 4 года назад
First off, I love your videos. The editing is top notch and the content is succinct. I have a question though. How did you make your intro? Did you purchase it? Thanks in advance.
@sugakookiewith_bts5169
@sugakookiewith_bts5169 3 года назад
I am never able to pay attention to online classes and this video is my savior! Honestly if I do good in my exam tomorrow I'll buy u the whole world
@AccountingStuff
@AccountingStuff 3 года назад
Best of luck!! Hope it went well :)
@juankukis
@juankukis Год назад
What a great video, you are really an awesome teacher. Your videos are interesting, captivating, clear and easy to understand (even for me whose first language is not english). Thanks for sharing the video.
@ericalee3604
@ericalee3604 4 года назад
James, I found your videos super informative. Thanks a lot! Can you also do a video about different types of entities? And how the taxes work for each? :)
@AccountingStuff
@AccountingStuff 4 года назад
Cheers for your suggestions Erica, I'll keep those in mind!
@sekaigwaza1080
@sekaigwaza1080 4 года назад
thanks buddie
@niloykarmaker1024
@niloykarmaker1024 4 года назад
yes!!!!!!! Thank You So Much!!!!!!!!!!!!!!!!!! Thank You
@AccountingStuff
@AccountingStuff 4 года назад
No problem at all
@MJJ07
@MJJ07 2 года назад
Great vid. I just started as Accountant 1 this year. This was a great refresher. Thx and wish you well along your journey.
@accountingforbeginners9210
@accountingforbeginners9210 2 года назад
You have really simplify the income statement,good,well done
@CH-ff3dk
@CH-ff3dk 4 года назад
Please create management accounting videos soon. I will be taking this class soon.
@asfahsabrie6207
@asfahsabrie6207 4 года назад
Yes plzz
@CDMSinceYoung
@CDMSinceYoung 4 года назад
Could you make a video on basis periods and overlap. Cheers mate
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@abdullahnaveed1222
@abdullahnaveed1222 3 года назад
Man im soo glad i found this channel ....love from Pakistan ❤️❤️❤️❤️❤️❤️
@AccountingStuff
@AccountingStuff 3 года назад
Cheers Abdullah! All the best :)
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@rohithkc2231
@rohithkc2231 3 года назад
Thanks, man for all these videos. Coming from an engineering background and starting my MBA now, I had no clue about accounting. Your videos are a saving grace to me and many others. Please keep up the good work and thank you once again. Stay safe and keep accounting :)
@AccountingStuff
@AccountingStuff 3 года назад
Thanks and best of luck with your MBA!!
@niloykarmaker1024
@niloykarmaker1024 4 года назад
Hey bro! Its been months. I need a favor bro! Can you make a video on "Principles of Accounting" where all the principles are discussed. BADLY NEED THIS!!
@donearlallysonbautista218
@donearlallysonbautista218 3 года назад
now i can do my activities without any confusion. idk why they add accounting in high school 🤧
@chelseamueller9252
@chelseamueller9252 2 года назад
James, you are the bomb, absolutely love your videos. Coming from an Accounting major, I really like how thorough you are when creating the videos, you are helping me soo much! If you wanna do a little video on formulas, I'd find that helpful as my book does not provide the details needed to keep all this information straight. Much appreciation!! Chelsea
@lisettnoa509
@lisettnoa509 3 года назад
I love how you teach. Thank you so much for putting these videos together.
@AccountingStuff
@AccountingStuff 3 года назад
Thanks for watching!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 года назад
ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iMOPubmEaqI.html
@khadejakhan6708
@khadejakhan6708 4 года назад
Can you please make a video on valuation of inventories... like FIFO LIFO etc.
@AccountingStuff
@AccountingStuff 4 года назад
Hey Khadeja, thanks for your suggestions, I would like to cover Inventory sometime soon!
@khadejakhan6708
@khadejakhan6708 4 года назад
@@AccountingStuff Also, it'd be amazing if you make a video on debentures and shares... as your videos are amazing
@AccountingStuff
@AccountingStuff 4 года назад
@@khadejakhan6708 Cheers, I'll keep those in mind too
@paradaparada549
@paradaparada549 4 года назад
@@AccountingStuff Can you please do a video on the Multi-step income statement with discontinued operations and the comprehensive income? Pleeaseee... Many thx!
@AccountingStuff
@AccountingStuff 4 года назад
@@paradaparada549 Thanks for your requests!
@mmopiemangmmopiemang26
@mmopiemangmmopiemang26 4 года назад
thanks man! This Is Daymond. My examinations are around the corner. AND I am a little confused on the subscription account so could you please make one explaining all the concepts? Daymond Mmopiemang.
@AccountingStuff
@AccountingStuff 4 года назад
Hey Daymond, thanks for your suggestion. When are your exams?
@mary-annbinond4664
@mary-annbinond4664 2 года назад
i love how you edit. The video is clean and very well edited and thought through, love itz
@AccountingStuff
@AccountingStuff 2 года назад
Thanks, hope you found it useful!
@cory4380
@cory4380 Год назад
Fantastic video! I really love the simple way you describe everything. The video editing and visuals are on point as well.
@AccountingStuff
@AccountingStuff Год назад
Cheers Cory!!
@ericcvt
@ericcvt 3 года назад
It was information overload. I know income statement is simple. Keep it so the average Joe understands. U started tossing complex concepts. I became lost.
@AccountingStuff
@AccountingStuff 3 года назад
Thanks for your feedback!
@auroradennis5682
@auroradennis5682 Год назад
Investing in crypto currency is the best investment anyone can do This season because it has made a lot of people millionaires. I pray that anyone who reads this will be successful in life
@madelynkevin3214
@madelynkevin3214 Год назад
People are scared of investing because of the high rate of scam in the business
@madelynkevin3214
@madelynkevin3214 Год назад
Making them to remain poor out of ignorance
@tylerdexter4038
@tylerdexter4038 Год назад
I'm from France, I and two other of my friends tried him immediately, we testified
@tylerdexter4038
@tylerdexter4038 Год назад
He's really the best plug, me and my friends had made a lot through him.
@tommiesosa5712
@tommiesosa5712 Год назад
I'm now a creditor not debtor any more.
@zainsaalar149
@zainsaalar149 4 года назад
The way you explain Accounting in simplified manner is truly outstanding. I wish i had Accounting Teachers like you during my college years. Thank you so much for these videos. GOD bless you.
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Abdullah!
@nakibhassan5883
@nakibhassan5883 4 года назад
Videos on Financial Ration analysis is a must one...! Would be very helpful if you upload soon. Thanx in advance.
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Nakib! I plan to cover them soon
@wandabusbin500
@wandabusbin500 Год назад
Thank you so much! Your tutorials are very helpful!
@afar2011
@afar2011 3 года назад
Just wow!! You did a great job explaining this tricky topic. Thank you
@AccountingStuff
@AccountingStuff 3 года назад
No problem Rafael, hope it's making sense
@user-vw1wc9ou4q
@user-vw1wc9ou4q 4 года назад
Very lively and understandable form of exposition. Thanks for the work you've done. Hi from Belarus
@AccountingStuff
@AccountingStuff 4 года назад
Thanks buddy!
@user-rn2ui4zi4y
@user-rn2ui4zi4y 3 года назад
You are wonderful 👍🏻 that’s the best explanation I’ve ever seen on RU-vid
@AccountingStuff
@AccountingStuff 3 года назад
Glad you found it helpful!
@DA-nu1ci
@DA-nu1ci 2 года назад
Your videos are extrmely helpful and well explained! Thank you so much!!!
@sadie4538
@sadie4538 3 года назад
I have to get up to speed on this accounting stuff. You're a great teacher. Thank you for sharing your knowledge!! I have subscribed and yes, I gave it a thumbs up, too! : )
@AccountingStuff
@AccountingStuff 3 года назад
Thanks Maria, I appreciate your support! All the best :)
@rachelmatabane8235
@rachelmatabane8235 Год назад
This really helped me as a beginner and i understand more of balance sheet, cash flow and i will see more videos from your channel. it really simplifies all this accounting principles for use to business. i appreciate lesson.
@immaakogwu7366
@immaakogwu7366 4 года назад
Hi James, your videos on Accounting basics can transform a full grow dummy into a Chartered Accountant. Great!
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Imma! Sometimes we all need a refresh of the basics.
@blackdogwoof
@blackdogwoof 3 года назад
These videos are so useful. Cheers for making them
@AccountingStuff
@AccountingStuff 3 года назад
Cheers Sam! All the best :)
@nanynany253
@nanynany253 Год назад
Super clear explained , Thanks
@yuan1
@yuan1 4 года назад
You are a great teacher, keep it up!
@AccountingStuff
@AccountingStuff 4 года назад
Cheers Yuan
@esmem.8252
@esmem.8252 2 года назад
Thank you so much for the videos. I haven’t a clue what the income statement was made and this explained those blanks to me really well. Amazing
@AccountingStuff
@AccountingStuff 2 года назад
Glad it's making sense! All the best :)
@ludiogot143
@ludiogot143 2 года назад
Thank you . Extremely useful
@waibosibili8546
@waibosibili8546 Год назад
Thanks for the informative video giving clarity.
@Gulieva86
@Gulieva86 Год назад
Explained very well!!!!Thank you very much!!
@lycamariebolon9031
@lycamariebolon9031 3 года назад
This is so good!! Thank you so much. God bless you more!! ❣️
@AccountingStuff
@AccountingStuff 3 года назад
Thanks, glad you enjoyed it!
@marcofebrianofficial3637
@marcofebrianofficial3637 Год назад
thank you for all your videos especially this income statement video I listened to this video about 6 times a day for 1 week and I get 100% for my test thank you that whole mark is all because of you
@inspiramind5445
@inspiramind5445 2 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! 😊👍👍👍
@hwy1125
@hwy1125 4 года назад
Very easy to understand as a beginner. Now I found accounting can be interesting. Thumbs up!
@AccountingStuff
@AccountingStuff 4 года назад
Thanks! Great to hear that you found it interesting.
@kumulala7847
@kumulala7847 4 года назад
Thank goodness for this, my current accounting teacher just reads off her ppt and won't explain anything! this saved me
@AccountingStuff
@AccountingStuff 4 года назад
That must make for some dry classes. Thanks, I'm happy the vid helped
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