3 Unexpected Benefits Of Learning Accounting

[@AccountingStuff]

Tushar - thanks for your suggestion that helped spawn this video! If any of you have other video ideas, please let me know. It may well end up as the subject of the next one :)

[@adrianpendaton6552]

Thank you so much 😘 I've learned a lot about your videos. You really explained it clearly 😍😍😍 Love it!😊

[@404TRUCKERTV]

By learning accounting, you learn how to balance a check book and stay out of debt. As well as learning how to read business statements, so you'll know which stocks and mutual funds to invest into. Top 10 wealthiest people have accounting back ground.

[@jelenagordijenko9167]

Hi James, I like that you are making an effort to "light it up", besides other aspects. It's between difficult till impossible to learn something that you honestly don't like, and your light approach - with showing nice views, taking care of visuals, carefully selecting background for every video - actually adds something live to quite dry subject. Thank you for your effort and creativity!

[@AccountingStuff]

Hey Jelena, no worries! I enjoying making videos so it's been fun to put the extra effort into each one.

[@marium2815]

Legend of accounting

[@AccountingStuff]

Haha thanks Maral!

[@FarewellAphrodite]

To study accounting for “Financial Literacy” definitely helps with being an informed, financially responsible adult, yet also, so closely related to the field of accounting is “Digital Literacy”, or computer/technology literacy in this fast paced convergence business world.

[@AccountingStuff]

Hey Anna - that's very true, there is a lot to keep up with! Thanks for your comment :)

[@tuantominh2352]

You are a super hero for non-accountant person like me. Thank you for all. Wish you nothing but all the best.

[@ritikathakur7505]

You made a great point about how accounting allows you to create a budget and predict future things that can impact your business heavily. My husband is looking for an accounting service to help him with his finances and other compliance issues that he can’t fix himself. He will keep these tips in mind as he searches for a professional that can help him best.

[@reubendinkins3650]

I really appreciate this video bro! My teacher assigned an essay on "the benefits of having Accounting knowledge" and you literally just gave me several great answers. Thanks again for the amazing quality content mate.

[@AccountingStuff]

No worries, best of luck in your assignment :)

[@cryptoholic5120]

Very True - financial literacy is incredibly crucial and one of the most important things you can ever learn

[@AccountingStuff]

I'm glad you agree!

[@gideonmendoza2067]

@@AccountingStuff me too Hehe. I love your content It really helps me.to study Bussiness and to invest in stock market. Appreciated your Efforts. GODBLESS YOUR SIR

[@ssathyamoorthy3917]

Tell about types of accountant and what they do.....

[@AccountingStuff]

Great idea, thanks for your comment!

[@jimpanse1638]

Talk about the film "the accountant" :]

[@AmishTV]

You are going to be huge - Love your videos ❤️

[@AccountingStuff]

Hey AmishTV, thanks for your support! I just checked out your channel and have been enjoying your daily vlogs! How are you going with the sugar challenge? I am battling with the same problem right now!

[@AmishTV]

@@AccountingStuff I am still struggling but got a lot better on consuming a lot less sugar.😀

[@AccountingStuff]

@@AmishTV Good to hear, keep up the good fight!

[@mountains_and_stars]

It would be cool if you made a video that helps you determine if accounting is a major/career path that is right for you. Essentially how to decide whether to be accountant or not.

[@AccountingStuff]

Hey Matt, thanks for your suggestion!

[@Sriver14]

Please make videos on budgeting (personal and business) and forecasting, as well as FIFO and LIFO. Basically, everything involved in accounting would be great lol! Love your videos! May God bless you for making them. I never understood accounting despite actually liking the process. Now I do with help from your playlist. Thank you! It is much appreciated!

[@AccountingStuff]

Thanks for your requests! I've covered FIFO and LIFO already in this playlist... kzbin.info/aero/PL5zKSeS09l31NY9Ecy-eFyrK6UiFzdtAi

[@CPACareerPaths]

Great video. My favorite benefit is the second one - budgeting.

[@AccountingStuff]

Thanks!

[@agneswu9612]

woww amazing video!! I started having an interest on accounting round two months ago, the day I accidentally watched your Equation video!! You made a great effort on making videos, thank you James!! fan from Taiwan 🇹🇼

[@AccountingStuff]

Thanks!!

[@towtruckn]

I'd have to add another reason to learn accounting. As with all areas of life there are those who use deceptive practices to gain an advantage or defraud other people out of their money. Recently my sister was told she owed rent from a previous year which she blindly paid without question because she had no understanding of accounting or the fundamentals of law. I suggested to her that she should have required a signed statement from the accountant showing all the accruals and adjusting entries for this period that would clearly demonstrate she owed this money so as to hold the accountant or agent liable for a false claim. Being financially literate in this day and age is an absolute must! There is also a saying that "he who slumbers on his rights has none" learning accounting is also an important step in helping to secure your rights. I hope this helps.

[@AccountingStuff]

Sorry to hear that happened to your sister!

[@towtruckn]

@@AccountingStuff Thanks James. The situation with my sister was very frustrating because I could see what was going :( Anyway thanks for the videos I've learned an incredible amount for someone who isn't an accountant. All the best.

[@askariaziz4163]

Thanks sir! Please a video about setting up an accounting system for a new business. What type of documents/journals we need how many key staff require and what will be process flow.

[@AccountingStuff]

Hey Askari, thanks for your feedback. Yes that's a great idea. I would like to make a set of videos that cover the whole bookkeeping process for a new business starting from scratch but it will take some time to develop.

[@naxvisoo3705]

Thank you for the information , I am a pharmacist and I believe everyone needs to know accounting to improve their daily life.

[@AccountingStuff]

For sure!

[@deanohara1986]

Any recommendations for accounting or finance books? Something that goes into detail on the topics

[@AccountingStuff]

Hey Dean, I recommend 'The Accounting Game' for beginners

[@Diyar_Bakir]

Hi, I'm Software Engineer as well as doing web development, thanks for your videos because I need to understanding Accounting to use in in my project, even by using Accounting software you have to know some knowledge of accounting to make process of business smoother. :)

[@AccountingStuff]

Cheers Diyar, glad to hear that the vids are helping you out!

[@JoanneSnider-z8g]

I never liked accounting until I saw your videos. thanks!

[@AccountingStuff]

That's great to hear! All the best :)

[@DBoutBillions]

number 3 and i was waiting for reason number 4 to be said to make my decision on learning the basics of accounting thanks as I know learning accounting will benefit me

[@Mxrthx.05]

Can you do a video explaining the differences between private and public accounting. And the pros and cons.

[@AccountingStuff]

Hey Martha, thanks for your suggestion!

[@giannaabao9565]

I don't know if you'll notice this comment, but I'm wondering if you have a playlist for managerial accounting too for small business owners. It would also be nice to learn about what which part of accounting should business owners learn, especially those who plan to start their own startup. Accounting's pretty broad so I'm finding it hard which concepts I should be focusing on exactly.

[@AccountingStuff]

Hey Gianna, my only management accounting video so far is this one → kzbin.info/www/bejne/p3q2nKylnqx7mas

[@AccountingStuff]

As a small business owner, it's key to nail down Financial Accounting first and then work on Managerial Accounting afterwards

[@giannaabao9565]

@@AccountingStuff Thanks for your response! Studied the basics of financial accounting from your videos already. I already watched the one you recommended. Hoping you'd make more managerial accounting videos.

[@AccountingStuff]

​@@giannaabao9565 No worries, I'll look into it!

[@muhtasimahmed6666]

How learning Accounting can teach us financial literacy because I have been learning Accounting since I was preparing for my o levels but I don't know how to use those principles into real life application and as a result I only save money and track my expenses, so it would be very helpful if you can show how to use Accounting principles in our day to day life.

[@AccountingStuff]

I'd like to cover this at some point

[@harveyjacob66]

Thank you so much James for all the accounting videos, really loved it. Can you please do a series of videos on Annual budgeting and forecasted cash flows. It would be a great help for many. Thanks in advance.

[@AccountingStuff]

Hey Harvey, cheers for your suggestions!

[@LL-lb7ur]

Thank you, I did not study accounting university but programming. Your videos are very helpful.

[@AccountingStuff]

Glad you're finding them useful :)

[@akshitarawat3583]

Thank you so much, this will help me a lot in future when I grow up! 💓

[@Mister_Soyuz_on_YT]

Yes, I budget but not as an accountant but as corporate.

[@jakemears]

Great video James- really useful. Could you make a video where you look at the different accounting ratios and what they mean?

[@AccountingStuff]

Hey Jake! I'm working on a series covering this topic right now :)

[@youtuber.9624]

Thank you for putting this together.

[@laurencedaliva9067]

The lessons in this video are very helpful for life. Aside from that, the video is professionally made 👍

[@AccountingStuff]

Thanks Laurence

[@rayoftxsunshine]

Helpful. Thank you.

[@AccountingStuff]

Glad to hear it :)

[@mahsabehvandnezhad4286]

Wow!!! Thank you sooooooo much

[@AccountingStuff]

You're very welcome :)

[@Lsr000]

Can you recommend the best online degrees for accounting? That would be helpful.

[@ganeshgadekar9234]

Please make a video on how to read and understand all three Financial statement and make a decision for e.g to buy a shares companies Current situation..

[@brownsupremacist5509]

No dislike. No wonder why. This is gold

[@AccountingStuff]

Thanks mate!

[@ivanleonardo3237]

Those who are new to accounting will be helped by this video

[@gangstaberry2496]

We try to budget for every month and year

[@chandimamayadunne6812]

Your video will help me to pass my Cambridege OLevel 2021 please support the 2021 batch

[@sunnyqiu7148]

Thank you so much! I really like your videos.

[@arenallano4474]

I love your videos you are the best 💪

[@trex4561]

RESPECT from mongolia sir ...

[@Ash-xn4ky]

I have put off studying anything finance because I felt like it would be too much to understand, and then I found your channel! Sincerely, thank you so much for all that you do. You make things so easy to understand, and you give really great examples. Any question that I can think of, you've already covered it. For the first time in my life, I feel like this is a dream that could come true for me. You are a life changer, and I am beyond grateful for all of your videos!!!! 😍

[@cavadaliyev1299]

I like your videos and I wish you prepare more videos about accounting, especially about qualitative characteristics and accounting concepts

[@AccountingStuff]

Thanks Cavad, will do!

[@harveyjacob66]

Hi James, Thanks a ton for your accounting videos. Can you please do a series of videos in Budgeting and Forecasting at your earliest convenience. It will be a great help. Thanking you in advance.

[@ProMagnetX123]

is studying financial accounting useful for a small business owner or someone who just started a business?

[@Nemhyz]

Do you have any videos on creating a personal budget? Like formatting/how to get it off the ground

[@AccountingStuff]

I don't at the moment

[@Nemhyz]

@@AccountingStuff would love to see that, as well as bank reconciliation errors

[@AccountingStuff]

Thanks for your requests!@@Nemhyz

[@harshitt688]

I really love that autumn scene visuals in the video and the thing that I've learnt from this video is amazing already . Thank You Just wanna ask that ,do you live in Canada or UK?

[@AccountingStuff]

Thanks! I live in Canada :)

[@atthepokertable]

Hey James, can a make a video on SOCIE i.e. Statement of changes in equity? And it's importance.

[@shabroopsingh9625]

How to make budget for family or home? Make a video

[@AccountingStuff]

Thanks for your request!

[@abrarrownak2545]

Hello sir, can you make a playlist on Managerial Accounting? Pleaseeeeeeeeee

[@AccountingStuff]

Thanks for your request!

[@graciousalicia2532]

Hi James, thanks for making accounting easier😊😊😊😊

[@AccountingStuff]

No problem! All the best with your studies :)

[@zulvazuhairoh682]

Hi! Thanks for your video. This is very useful for beginners like me

[@AccountingStuff]

Glad it was helpful!

[@margotjohnson7878]

Please can you cover a section on Branches with inventory mark ups and discounts?

[@AccountingStuff]

Thanks for your suggestion!

[@portiafielies4976]

hi James..can you do a segment on cost management accounting please

[@AccountingStuff]

Hey Portia, thanks for your suggestion!

[@nizarmmm7388]

Love your explanation , they're interesting n clear ...why don't you upload a video on partnership accounts

[@AccountingStuff]

Cheers for your suggestion!

[@technoharsh4486]

1. 2.budgeting 3.

[@fikrimakarim4540]

Very helpful! But can u please make example how to read p/l via data from BS?

[@AccountingStuff]

Thanks for your suggestion

[@harshitt688]

Is that Canada at the intro of this video? 👀

[@CKrums97]

thank you!

[@AccountingStuff]

You're welcome :)

[@deenadayalan7838]

sir please teaching introduction of accounting

[@AccountingStuff]

Thanks for your suggestion!

[@chandimamayadunne6812]

Is accounting hard in may/June 2021

[@InDaName]

E=MC^2 or A=L+E

[@tatjanalukic5436]

Hi James, I have a suggestion for the video - the explanation of the fixed assets, and how to create depreciation of them. Thanks :)

[@AccountingStuff]

Hey Tatjana, here you go → kzbin.info/aero/PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2

[@dinoskydinerlin9453]

What are practical works of accounting

[@claudettebelisle8837]

James can you please help me out in showing off the linkage of Credit sales and Sales returns

[@AccountingStuff]

Hey Claudette, thanks for your request!

[@sudhirachhetri9962]

Why,it is important to learn computer?

[@Monopolist91]

Accounting is the language of business.

[@ameliadefiana6095]

Thanks sir!

[@AccountingStuff]

You're welcome :)

[@nashsand9605]

Yeah this video deserves my time and my Megabytes

[@aubreypappoe2509]

hi whats up I've got my management and financial accounting exam in like 2 weeks, can you do a video going over some past papers and walking through them with answers, please. like a 10-20 min long vid pls. thanks

[@AccountingStuff]

Hey Aubrey, I would like to do that kind of stuff but I've had a hard time sourcing past papers. Honestly I think it it's unlikely that I could put together those videos within two weeks as these take me a long time to make. If you've got any specific questions, I can do my best to help. Best of luck for your exams!

[@mahdichaal8756]

i miss you bro , great video.

[@AccountingStuff]

Thanks Mahdi! I've been working on a new video which should come out on Monday

[@patelanas1612]

Please give me the information after 12th in commerce

[@fransiscasisca4411]

Hi James, thanks for the great video. I'm interested in stock investment and after reading some books I feel the need to learn about analyzing financial statement to help make decision- just like you said in this video. But I'm a bit confused as to what step should I take first. Perhaps you can give me some advice? Do you think I should take a 3 month course of Basic Accounting Application first before taking 2-day workshop on financial statement analysis? As a non-accountant, I'm actually afraid if I directly take the 2-day workshop on analyzing without knowing the basic application I will not understandit . Hope you can help, thank you!

[@AccountingStuff]

Hey Fransisca, no worries. Good call, being able to analyse financial statements will probably help you out tremendously in making investing decisions. Hmm... That's a tough one. I think you would probably get a whole lot more out of the 2-day workshop if you have already built a base-knowledge of accounting. How you get that is up to you. Personally I am a fan of self-education so if there was a way that you could teach yourself and save the $$$ then may you could consider that? Perhaps you could contact the people running the workshop and find out what the assumed-knowledge is for the course?

[@fransiscasisca4411]

Accounting Stuff Hello James, I have contacted them and have decided to take the 2 day workshop, will keep watching your videos, and thanks so much for your time in answering my question 😊😊

[@AccountingStuff]

Ok great! I hope you get lot's of value from the workshop

[@fransiscasisca4411]

Accounting Stuff thanks!

[@weseemabdullah2570]

Great vid subscribed

[@AccountingStuff]

Great to have you on board!

[@JamesMasterPeverel]

Amazing channel :D Thanks a lot ;)

[@AccountingStuff]

You're welcome!

[@aldhaaqilla3670]

Good channel's content!!

[@AccountingStuff]

Thanks Aldha!

[@HOMEFOODMANIACS]

Sir,we want a video on trading,p&l and balance sheet

[@AccountingStuff]

Yes I will do those for sure!

[@liliq4177]

I have became your fan ❤️

[@AccountingStuff]

Awesome!

[@rebeccak-d8561]

Yes, I budget. Budgeting is us telling our money where to go

[@AccountingStuff]

Glad to hear it!

[@athulk8873]

Admission,death and dissolution is the most toughest topics....can u help us in that

[@AccountingStuff]

Agreed, those are tough areas. Are you referring to partnerships?

[@athulk8873]

Yep, it's lengthy

[@Moe_rezaei]

so cool! just found we are from the same city. are you down for a meeting ;)

[@henry-wo9mr]

I budget

[@AccountingStuff]

Nice one 👍

[@kevinmercado2911]

make a podcast

[@oops3936]

I was expecting magic with every hand movement

[@AccountingStuff]

Haha, there's no chance of that! I know zero magic

[@oops3936]

😂You’re a charmer

[@claudiabeltran233]

what is the true blood criterion?

[@AccountingStuff]

Hey Claudia, I can't say that I've ever heard of the true blood criterion before... however after some googling... it seems as though the trueblood committee came up with some of the key objectives that were adopted by the FASB (Financial Accounting Standards Board) in creating US GAAP (Generally Accepted Accounting Principles). They answered questions like... what the main purpose of Financial Statements is. Does that help at all?

[@claudiabeltran233]

@@AccountingStuff thank you James !

[@AccountingStuff]

@@claudiabeltran233 No worries

[@abdallahbonne]

i’m looking for a laptop for university. i will be studying accounting and finance. can anyone recommend me laptops under 1000£. i want it to be fast and be able to run accounting software easily and preferably with a num pad

[@littlepakers6335]

Hey bro i want to be financially free how can I get a capital to buy asset that get me passive incomes?Can we get a steps.Thank you bro

[@liliyensiadari8897]

I'm sorry but why the video only can be played to 00:21 ? I need your video 😢😢😢

[@AccountingStuff]

Hey Liliyen, that's odd... It works fine on my pc

[@liliyensiadari8897]

@@AccountingStuff maybe, can you help me with other way to watch this video?? Like send from gmail or gdrive? If you dont mind 🙏🙏

[@kimpoirier]

How to do a bank reconciliation

[@AccountingStuff]

Hey Kimberly! Thanks for your suggestion, a few people have asked for bank recs so I will make a video on that soon

[@AccountingStuff]

Hey Kimberley, here you go... kzbin.info/www/bejne/sJnQgGZ6gpiMn7s

[@shabroopsingh9625]

How accounting is linked to real estate? Make a video

[@gospels.k1389]

I'm really in accounting work. What is the best trick to make a balance sheet very quickly.

[@AccountingStuff]

Have you watched my Balance Sheet video? I explain how to make one in that -> kzbin.info/www/bejne/j4vcc4aLa76Xo68

[@Frozan]

Are you graduated from accountant? If so which country By the way, you're a legend 😊

[@AccountingStuff]

I'm a Chartered Accountant from the UK

[@mindcache5650]

Everything you said is correct. But there is now a time when every person will be able to just speak into a computer with AI software and it’ll churn out a 3 part financial statement in real time, financial modelling, forecasting scenarios. Sensitivity analyses and forward valuations whilst you are sipping a coffee and sitting back . Instead of being chained to your desk, in a cubicle , being harassed by a narcissist partner .

[@coreyatkins1992]

I plan, budget and invest. I must be an accountant lol

[@AccountingStuff]

That's great to hear!

[@sean3342]

Hi Paul walker I mean James

[@AccountingStuff]

RIP :(

[@parthapratimsaikia4725]

use humorous click bait titles like PewDiePie

[@AccountingStuff]

That's a good idea, I could definitely be more adventurous with the titles.

[@jhart1127]

For sure. I'm training with CIMA and I love your content. Stick some ads on and do some click-baity vids. I'll watch it either way and you may aswell earn some dollar!

[@AccountingStuff]

Hey Jessica, sorry it's taken me so long to reply! I don't always get notified about the comments within comments. Thanks for the tips and support! Best of luck with your CIMA!