Thank you for this excellent video. I was able to keep up with you and comprehend what you were teaching- Which is a great compliment. Also, I absolutely loved the soft low music in the background! It wasn't over powering or distracting, it was just right. Thank you so much.
The importance of referencing was just driven through superbly with the last adjustment made in the problem file! It was like watching magic right before my eyes! Thankyou sir from 🇰🇪
This is a great tutorial. I have an Associates Degree in Business Administration and am enrolled, but not taking classes at MDC for a BS in supervision and management with an accounting concentration. I love watching these things and especially love it when someone puts up useful material. Even with my own contracting business it helps me manage my money but keeps everything I learned fresh in my mind. Thanks for taking the time to put stuff like this up
I find this tutorial extremely useful and it has really helped me... Key thing when using MS Excel is to do the referencing.,, otherwise it's gonna be a very big hustle to start over again if you screw up
Prof superb stuff and well articulated step my step process. Found it really helpful. Hope you post more videos particularly capturing ,Tax or VAT treatmment plus inventory/supplies accounting using FIFO method and countra accounts. 👍🙏🙏
Thanks for the wonderful video... means a lot!! Kindly request you provide files, prepare three financial statements, and create a dashboard... in a continuing process... preparation of statements, creating and presenting in dashboard
Sir i am from Pakistan and i have watch this video first time and understood each and every thing Thanks but one thing i have to learn all excel formulas.
Good work Prof, really learnt heaps today, just a bit confused with the entry supplies purchased on account, won't you credit Accounts Payable instead of cash?
Yes, thanks for asking. I made a mistake when first entering this journal entry, which I then catch and fix later in the video. But you are correct, it should be a credit to A/P!
No, not practically. This is a learning tool for introductory accounting students and those trying to understand the basics behind financial statement preparation. In practice, most businesses will use accounting software to automate much of this procedure.
this might be a decent tutorial on how to keep some books but its basically copying what was done on paper in 1970. Its certainly using excel properly or efficiently so i wouldn't recommend following this at all. bizarre.