Your CFO Guy

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@alindmunir9593 Күн бұрын

Well described

@yourcfoguy 23 сағат бұрын

Thanks 🙂

@user-bn5yx5bw4g 2 күн бұрын

Wrong. Does cash debit, loan credit means: cash increases, & loan decreases?

@yourcfoguy 2 күн бұрын

Thanks for watching - I'm assuming you're referring to portion at the 7 minute mark? In that example, cash goes up with a debit, and your liability for the loan goes up with a credit. Can you clarify where you feel this is wrong?

@user-bn5yx5bw4g 2 күн бұрын

@@yourcfoguy when explaining what debit and credit is, you had said they are used to mean one account increases & another decreases. But needednt be the case. Both accounts can increases. So I feel the increase-decrease explanation to debit-credit is wrong.

@yourcfoguy Күн бұрын

makes sense - thanks for clarifying. Yes, you are right...debits & credits do not mean 1 side increases and another decreases...the intention was to explain that it means an account is either increasing OR decreasing, with any combination. I can understand how the explanation may have been misleading.

@CB-ft4xp 3 күн бұрын

Another great video as usual Josh, It's all about understanding the accounting equation 👋 Charaf

@yourcfoguy 3 күн бұрын

They call it the accounting equation for a reason!

@AlwinJames-du4ro 3 күн бұрын

Awesome videdo

@yourcfoguy 3 күн бұрын

Nice to see you here Alwin - thanks for watching!

@henryksoto5464 6 күн бұрын

Genius!!! 🎉 God bless you 🙏🏼

@yourcfoguy 5 күн бұрын

Thanks for watching!

@eugeniahampton1670 6 күн бұрын

*promo sm*

@yourcfoguy 6 күн бұрын

Can you elaborate on that?

@racheallola8058 7 күн бұрын

Thanks josh, this is a very good explanation.

@yourcfoguy 7 күн бұрын

Great to hear, thanks for sharing your feedback!

@SaadMahboob-po3yw 7 күн бұрын

nailed it

@yourcfoguy 7 күн бұрын

Thanks Saad!

@JRFV959 8 күн бұрын

Super good till the end. The end was a bit too rushed

@yourcfoguy 8 күн бұрын

Appreciate this feedback! Can you confirm what time at the end you felt it got too rushed?

@CB-ft4xp 9 күн бұрын

Great video Josh as usual, thanks. Charaf

@yourcfoguy 9 күн бұрын

Thanks for continuing to follow along!

@ImranKhan-vr5wd 10 күн бұрын

Kindly make video on Regression and Hypothesis with example?

@yourcfoguy 10 күн бұрын

Thanks for the request - can you elaborate on that? Are those statistical terms, or is there a use with Finance & Accounting?

@JessAndrade-sq8wb 13 күн бұрын

Really fun way to learn the basics, shared this with my team #TrainingTuesday

@yourcfoguy 13 күн бұрын

Thanks for sharing, glad you had fun!

@racheallola8058 13 күн бұрын

Awesome video

@yourcfoguy 13 күн бұрын

Thanks for watching!

@khaledahmed-yo8fz 14 күн бұрын

Perfect 👌

@pandharinathjoshi6565 14 күн бұрын

Sir excellent need all detailed video then only clear idea sir pls

@yourcfoguy 14 күн бұрын

Sounds good!

@mrgodliker1992 15 күн бұрын

For a kindergarten business, are teachers considered COGs given that we needed the teachers to generate value

@yourcfoguy 14 күн бұрын

I would say yes! The general question is "if this cost went away, can I still carry out my product / service?" If the answer is no, it most likely is a COGS!

@FahadHameed-uq5zg 15 күн бұрын

U should make a long video so we can make all this along with you seeing this fast and nothing is able to understand

@yourcfoguy 15 күн бұрын

thanks for sharing your feedback - I'll take that into consideration for the next one

@Tonyfinance-ge2un 16 күн бұрын

Amazing! Your content is awesome. Subscribe + like.

@yourcfoguy 15 күн бұрын

Thanks for being here!

@AlimeUmer 16 күн бұрын

Wow. Where have you been before? Nice pitch and editing. When's the next video?

@yourcfoguy 15 күн бұрын

Thanks for being here! I post every Fridays :)

@brunonobrearaujo 16 күн бұрын

Impressive content as always , what program do you use to edit your videos? They’re are amazingly edited

@yourcfoguy 16 күн бұрын

Thanks for watching! We are using Camtasia

@mohitbcv 16 күн бұрын

You are like a hero. Highly impressed

@yourcfoguy 16 күн бұрын

Thanks for watching!

@KrishnaKumar-zn9kg 16 күн бұрын

Good presentation.

@racheallola8058 21 күн бұрын

Very Concise

@yourcfoguy 21 күн бұрын

Thanks for watching!

@muhammadtaufeeq3627 21 күн бұрын

❤ Keep it up sir... 🔥🔥

@yourcfoguy 21 күн бұрын

Thanks for watching, will do!

@thehybridtech3260 23 күн бұрын

Finally you're in YT 🎉

@yourcfoguy 23 күн бұрын

Here I am!

@PurpleCove-gy5sw 23 күн бұрын

Absolutely brilliant!

@yourcfoguy 23 күн бұрын

Thanks for watching!

@bibekgauchan3054 23 күн бұрын

great :)

@yourcfoguy 23 күн бұрын

Thanks for watching!

@fjom98 24 күн бұрын

Jesus, This explanation is incredibly insightful and truly resonates with my three years of study in the finance industry. Thank you for simplifying such complex concepts with clarity and depth. Your expertise is invaluable and greatly appreciated! Please maybe next time Can you explain why Net Income is much easier get 'manipulated' that cashflow ?

@yourcfoguy 24 күн бұрын

Thanks for watching and sharing your feedback! I would think that the answer to your question lies around accrual accounting, which only recognizes income and expenses when the underlying activities take place (IE recognizing income whenever u deliver ur product or service, and recognizing expenses when the benefit is consumed). Because those activities can’t be pointed to in a bank statement (like cash flow) a company can lie and say they incurred $1m in expenses. But for cash, companies perform bank reconciliations as part of the month end close process, proving their cash balance from their bank statement. Hope that helps!

@user-vi9li8tf4i 24 күн бұрын

Best explanation on KZbin so far. Now I can play around with the numbers on the excel file and see how the numbers on each statement respond to that input. THANKYOU bro

@yourcfoguy 24 күн бұрын

Mission accomplished!

@chrisreillyfinancialmodeling 25 күн бұрын

Great video Josh!

@yourcfoguy 25 күн бұрын

Appreciate that feedback coming from the legend himself!

@navyasri9761 25 күн бұрын

Finally❤

@JoshAharonoff 25 күн бұрын

Excited to release this!

@LisaSonora 25 күн бұрын

I wish my accounting profs in my MBA program explained this as well as you! Really appreciate the quick clarity! Refreshing my chart of accounts for my business --- because my bookkeeper got so much wrong!

@yourcfoguy 25 күн бұрын

Glad to hear that you found this useful, Lisa!

@marcthomas9806 25 күн бұрын

Great hope ypr channel get big quickly

@yourcfoguy 25 күн бұрын

I hope so too :)

@racheallola8058 28 күн бұрын

Thanks Josh, this is very clear

@yourcfoguy 28 күн бұрын

Glad it was helpful!

@whereuandiare 28 күн бұрын

Really helpful. The Balance sheet is the numero uno, but it's only the tip of the iceberg to fundamentally understand the health of a business. It's also important to understand the debt financing or equity financing terms, and how those injections of cash are structured. Question please I'd like to hear your take - cash v retained earnings, and what is the difference? I'm assuming retained earnings is earmarked for (re)distribution to owners vs. cash is cash... ? Also - is there a comprehensive document that outlines how any investment financing has been structured? Interested to hear your take... thanks for the great video!

@yourcfoguy 27 күн бұрын

Thanks for watching! Retained earnings represents the amount of prior earnings that have not yet been paid out to the owners of the business. Those prior earnings may be sitting in cash, or they may be tied up in other assets that the business owns (like accounts receivable, or fixed assets). If those assets get liquidated, and there are no liabilities or other items in owners equity, the cash amount should equal the retained earnings amount. For a comprehensive document on financing, check this out: www.yourcfoguy.com/templates/the-business-financing-playbook

@whereuandiare 27 күн бұрын

@@yourcfoguy ok that makes sense! Thanks for the clarification. And thankyou for the link. You're doing really good work. Bravo.

@yourcfoguy 27 күн бұрын

Appreciate the feedback and looking forward to continuing to see you around!

@yourcfoguy Ай бұрын

Get my free Cash Flows worksheet here: www.yourcfoguy.com/templates/the-statement-of-cash-flows-worksheet

@Mont_Bomul Ай бұрын

thank you! I love love love your contents :) Super helpful!

@yourcfoguy Ай бұрын

Thanks for watching!

@loneranger7535 Ай бұрын

how neat this looks- loved it

@yourcfoguy Ай бұрын

Glad you enjoyed it!

@monicabozzi82 Ай бұрын

This looked so amazing!! I am definitely going to incorporate at the new job I just started 💕

@yourcfoguy Ай бұрын

Glad you enjoyed this! Good luck on the new job

@BENJAMINMUYINGWA Ай бұрын

Thanks CFO guy I didn’t know well the difference between depreciation and amortization but now I have got it.

@yourcfoguy Ай бұрын

Nice! Glad this video helped clear that up

@MustafaAhmed-ts7kn Ай бұрын

Amazing!

@ssbpl94 Ай бұрын

Amazing👍

@yourcfoguy Ай бұрын

Thanks for watching!

@simonspeed86 Ай бұрын

That's great! An additional suggestion if doesn't work having the triangle up and down in the cell format: you are probably typing the 3 buttons at the same time. Instead, it will work by simply typing: alt+30 for up and alt+31 for down.

@yourcfoguy Ай бұрын

Good call! Thanks for sharing

@sarithabhat4247 Ай бұрын

Can you please explain on the topic modified cash and modified accrual basis of accounting??

@yourcfoguy Ай бұрын

Haven't heard of that one before...will do some research and give it some thought!

@soufianea.9896 Ай бұрын

Many Thanks Josh for sharing all that knowledge. I’ve learned from your explanations in 1 Month what I didn’t learn for Years in big companies. 🙏

@yourcfoguy Ай бұрын

That may have just made my day - thanks for watching!

@AnilKumar-vi8oe Ай бұрын

Thanks josh, keep bringing these financial concepts

@yourcfoguy Ай бұрын

Will do!

@racheallola8058 Ай бұрын

This is awesome josh, thanks

@yourcfoguy Ай бұрын

Glad you liked it!

@tanzaaa Ай бұрын

Thanks Josh for this beautiful KPI dashboard ! I was populating mine until I hit a snag , for some reason the Xlookup is not reading from the other tab . Do you know what could be the reason for that ?

@yourcfoguy Ай бұрын

Weird! What error message are you receiving?

@tanzaaa Ай бұрын

@@yourcfoguy At first , there was one related to X lookup formula which I didn't find in the Fx lists because I was using an older version of Excel. I ended up using the Excel for Web version , however , when using the X Lookup , It didn't read from the Financial tab. Do you know what could be the reason for this?

@yourcfoguy Ай бұрын

The formula for Xlookup is referencing the financials table. Did you convert the range to a table by typing CTRL T? If not, u can just point to the range rather than using a table. Does that solve things?

@tanzaaa Ай бұрын

@@yourcfoguy I am pretty sure something is off on my end ! I tried various scenarios but still not working :(

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