Thank you! Your videos have been enormously helpful!!! I have some ideas for future topics: the closing process, recording closing entries, and post-closing trial balances. I'm having a hard time understanding these from the my textbook...I think I'm spoiled from watching your videos. :)
@@tanyapanfil Hey Tanya, apologies for my late reply. I have only just seen this comment. Cheers for your suggestions, I'd like to cover those at some point
Hi, I'm new to your channel, but find it very helpful. I was wondering if you could do a follow-up video dealing with the type's of errors that can occur within a trial balance and how to correct them. Thanks for all the great videos that you've already produced.
Your truly a blessing my guy!!! I was stuck on my homework not having a clue whatsoever I watched the first 5 videos of your series and now I feel extremely confident on how to do these journals plus I finished my homework with no problem. Again thanks a lot!!!!
Yeah actually, I am. Sick of barely understanding my accounting class, this guy seems to keep it simple and clean so I'm looking forward to maybe finally understanding this.
@@AccountingStuff Man, My Master's public finance courses are actually using your videos straight from the beginner's playlist. I've watched 4 of yours in a row now today. I noticed there are never ads when they play so I hope you're being compensated for LITERALLY TEACHING ME MY MASTERS COURSES. ffs... they are really good and helpful though.
These videos are amazing! I'm an accounting major 4 weeks into my first accounting class and I'm so lost. Having one zoom class per week where my professor teaches so fast is not helping ,these are going to save me!!
What an amazing blend of quality editing and creative, clear educational content! You make accounting so much more understandable than my professor or textbook does, and I am really grateful for your videos.
I needed some help to better understand how to do this. 2 hrs of the instructor explaining it - didn't make sense. 8mins of this video - wow, this isn't as difficult as i thought. Thanks for posting this!
Seriously, this should be required viewing for all people about to launch into any accounting anything. Thank you for such an accessible and easy to follow training for accounting.
I am so glad I came across your videos. I never thought someone could teach chapters after chapters in 10-11 mins videos. I love how you grasped the concept and giving us a new perspective to see accounting, it doesn't seem scary anymore. Thank you
I have spent hours working through accounting class, and not grasping a thing. I watched your videos, and now I am starting to make sense of everything. I have literally 13 days to pass my final exam in this class, and these videos are doing more for me than my study guide and textbook.
I have been watching your videos over and over again for the past two days because I could NOT grasp the idea of how to complete the financial statements. Your explanation of the Trial Balance sheet was incredible and it unclogged whatever block I had in my brain! The best part of the video (what really helped me at least) was when you took the trial balance sheet and transformed it into the balance sheet. After that, something clicked and I was able to understand how the two sheets are related. From there I was able to complete the income statement and next I am going to try the Statement of Cash Flow and Changes in Equity! THANK YOU for making what I perceived as impossible, Possible! YOu are truly an amazing teacher!!!
I have been watching your videos for the past few days and I already feel like a professional accountant. Thanks James for the fantastic tutorial. God bless you.
Hello brother, Thanks Alot. i Did my bachelor in Business adminitration, in which i took various accounting courses. All of those concepts are being revised through your videos, with much greater understanding. Thanks.
I'm studying bookkeeping, I always check to see if you did a video on the area I'm studying, why? because you thoroughly explain it in a lively fun way, and u keep me from falling asleep. Thanks.
Thankful for you! I am struggling on Sophi's Learning Financial Accounting course and was able to watch your videos to grasp the concepts a bit better.
I'm impressed with your content!!! I graduated from High School of Business and Economy in Poland years ago (manyyyyyy years :) 🙃. Now I'm in the USA and want to pursue my career here in bookkeeping. I watch your subject videos first after that I start my everyday Quickbooks class, then everything comes back much easier to my mind. Thank You! 👏.
Awesome videos, hands down the best explanations of anything I have studied. Gotta love the ads I'm getting as a result of these. Ocean cleaning projects (like your brothers) and window cleaning products! Years of struggling with accounting, tediously going through poorly laid out textbooks and awful lectures. Accounting has driven me insane, but these videos have made it easy and exciting to learn, something I never thought possible! Keep them coming! Subscribed, liked and commented.
Thanks so much James! I am trying to finish the Accounting Basics series and I hope this can help me organize financials for my small business. You've left a great legacy
First, your videos are very helpful. Second, thank you. Third, I think it is amazing that you take the time to answer so many questions left in your comments. Your passion shows through. You are an amazing human!!
I absolutely love your videos! You make accounting so simple. I'm using your videos to help teach my high school accounting classes and my college course. You are wonderful! Keep them coming!
This is the video that made all the previous ones fall into place for me. The whole debit credit thing was still screwing my brain up. Thank you so much for this !! :-)
This was so helpful man. I had to create a trial balance as part of a business assignment for my engineering degree. Couldn't wrap my head around it before this video!
Hey Pranjal! I'm glad the Trial Balance makes sense to you now. I have had a few requests for depreciation so I will look into make a video on that in the future. Thanks for your suggestion 👍
Hello - I want to start out by saying I absolutely LOVE your videos - they are engaging and highly effective at breaking accounting concepts into readily learned tidbits! I'm taking Financial Accounting for my MBA and struggling with one type of quiz question - determining the impact of an error on one of the financial statements. I understand the underlying concepts in the correct answer, but my brain just shuts down when I come across one of these problems: Which of the following errors on a firm’s adjusted trial balance would cause errors in the firm’s retained earnings statement but would not affect its income statement nor cause its balance sheet or its adjusted trial balance to be out of balance? A : understatement of the Unearned Service Revenue amount by $200 and overstatement of the Dividends amount by $200 B : overstatement of both the Unearned Service Revenue amount by $200 and the Dividends amount by $200 C : none of these errors would lead to the scenario described above. D : overstatement of the Unearned Service Revenue amount by $200 and understatement of the Dividends amount by $200 Especially the questions that pull in all of the financial statements: Q 4.152: After preparing its financial statements for November, Unique Interiors notices that its income statement shows total expenses that are $200 too high and total revenues that are $300 too low. What effect will these errors have on Unique’s balance sheet for the month, assuming all other account balances listed on that sheet are correct? A : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $100 higher than its total assets amount. B : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $500 lower than its total assets amount. C : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $100 lower than its total assets amount. D : These errors mean that the firm’s balance sheet will show a total liabilities and stockholders’ equity amount that is $500 higher than its total assets amount. Any advice?
Great video !! 1) Can you also make a video about "what is a GL Accountant?" ? 2) Can you also make a video about "what is an aging report?" ? 3) Can you also make a video about "what are Intercompany Invoices?" ? 4) Can you also make a video about "what are financial ratio's?" ? 5) Can you also make a video about "Month end closing explained" ? :D looking forward to your next videos ;)
Hi! I know its been a few years, but I just wanted to pop a question for you if you're available to answer. From what I'm understanding of all of the financial statements, the journal entries record every transaction that occurs within the business. You then have to record each of these transactions twice more, twice each, into the general ledger and the trial balance. Then you can go on to use the general ledger to fulfill the balance sheet, and use the trial balance to fill out the P&L statement as well as the cash flow statement. is this all correct? I guess my biggest question is just knowing how the sheets interact and fulfill each other. It's feeling like I have to input every single transaction the company makes six different times across 3 different documents. Which I get it, that's why there is now accounting software. But I am really dedicated to understanding the basics so I'm doing everything manually right now. Anyways does all of that sound correct? Thanks so much for your time and all the work you have put into teaching these topics. It has saved me!!!
Don’t understand why I pay money and listen to a middle age women with no charisma and personality teach me accounting when I can just learn the material better from you!!! You are awesome my man!!!
You are really amaizing you are the one who taught me all the accounting stuff . If i pass my commerce exams all the credits will go to you . Thank you
I am sooo glad I found your channel because I have an exam this afternoon.....will definitely be needing to watch your other videos for reference for future exams😩💯.....thanks much dude 🙌💯
Oh man, you are awesome. This is how we need to understand anything in our life. Appreciated the way you use your brain to learn and thank you so much for sharing this in a very effective and easy way to others.
Finally structured lessons but in the meantime EXCITING performance is what we can see in your videos. Very nice, good to found you! I love your cheat sheets.
