Accounting Equation - Ch. 1 Video 1

[@Revocateanimos24]

Watched these while I was in undergrad 5 years ago. Now I'm one exam from being a licensed U.S. CPA! Edit: I'm a CPA!

[@poptartmadison3216]

Congratulations!! I'm starting my accounting classes this week...

[@MaiProject2024]

Congratulations!

[@abhinavb5463]

ooooooooo

[@endlessnomad958]

Congrats!

[@hamzahimran3447]

congratulations

[@adriang3492]

This video is great. My lecturer spend 60 minutes talking about this the other day and nobody could understand this... you did this in 8 minutes and it all makes sense! Great videos! Thank you!

[@butterflybrenda6558]

I'm in an online accounting class and I really miss having an actual teacher teaching me the material. This is really helpful. Thank you.

[@hamzasiddiqui8434]

I can totally relate Brenda

[@jasonvawter]

Same

[@StJamesDesign]

Thank you Mr. Fisher for making Accounting so much easier. Many times the textbooks use way to many flowers to explain what you make so simple. Many times all we need is just the meat. Thanks again for taking the time to share your knowledge. Can't tell you how much I appreciate it. James

[@Saleh8]

I am not an accounting student but I started my new business few months ago and this is extremely helpful to track my business transactions . Thank you very much

[@ilybarbiegirl]

Why do proff make this sound so confusing and long and people on youtube explain in in couple min and you get it lol

[@seanathin-c7n]

I think the biggest factor is that people on KZbin have as much time as they need to get through things as opposed to the time constraints of a professor

[@Jay-DOTTT]

I agree!

[@ABEW19043]

It also does help that a professor has likely gone over this with you once already, so watching the video is just having it explained in a different light, which can really help expand your knowledge and make things click.

[@wquinn25]

You are just more a visual learner .. at least that's what happens to me.

[@alqasimalqasim2742]

ABEW19043 True

[@spooky6832]

thank you so much, I have no idea what my teacher is talking about. You are a great teacher!

[@jhenlino2200]

lol same here. i never understand it in the class, but in his video i understand it quiet well

[@amasing115]

When this video was uploaded in 2010, I was 5 years old still in kindergarten. Fourteen years later in 2024 I am a sophomore majoring in business administration taking accounting. And I am using your accounting playlist to help study for my midterm! Isn't the internet an amazing thing? Thank you sir.

[@alfayddimaocor7784]

when he talk or teach, listeners dont have to be a good listener. because he teached so well and get your attention. thumbs up for this prof

[@cynthiamendez7067]

You are the Guru of Accounting :) Thank you so much for your time and detailed instructions. You have made Accounting easier for me to comprehend !!!! :)

[@Saleh8]

I am not an accounting student but I started my new business few months ago and this is extremely helpful to track my business transactions . Thank you very much !

[@qumarulhasan]

YOUR EXPLANATION IS VERY EXCELLENT & WORTHY, NON-COMMERCE STUDNENT CAN ALSO UNDERSTAND ACCOUNTING, YOU ARE..... YOU ARE.... YOU ARE..... MOST MOST MOST EXCELLENT TEACHER .... THANKS

[@WillyWilly1944]

You are an exelent teacher. I did not understand accounting until I saw your video classes. Books does not explain as easy as you do. Thank you very much for explaining it for free.

[@Gingerbeefe]

Passed Financial Acconting DSST with your videos with a 59 with 47 being passing. 7 days before they stopped offering the test too! Thank you!

[@JuliaGraceGarfield]

You helped me so much with my accounting class! Couldn't have done it without you, thanks for taking your time to do this! :)

[@justincarrizales1206]

One of the greatest accounting teacher so far!

[@TacomaJD]

Thank you thank you thank you!!! I am taking my accounting class online, so all I have is problems online to solve and a 10 lb Accounting book.....and this is ALL new to me. Your videos clear up so much! You have ways to teach that makes these concepts easy to understand. Thanks alot for the time you took to make these videos!!!

[@sealyuh]

most other videos that tried to explain the same concept didn't teach with an example NEARLY as well as you did- thank you!

[@rahulmathur9114]

This video is really amazing as it clears the concept on Equity part of the equation. Many teachers are only adding the profit in Capital but when it comes to expenses they are treating this in a different way. Many Thanks!!!

[@yamirnivar3609]

I watched this when I was in undergrad 3 years ago this guy helped me so much in my accounting classes! Well recommended.

[@mattfisher64]

Thank you.

[@soulcake76]

Whoop, whoop!!!! I got it! Took me as long as it took you to explain it-it's been 2 weeks since beginning of semester and barely anyone in class could grasp it!!!

[@mattfisher64]

Fundamental Accounting Principles by Wilde. The publisher is McGraw Hill. You can get the 19th, 20th or 21st edition. There are very few changes in any of the editions.

[@almohajer012]

I asked the teacher on the first course of accounting what happen if I misplaced credit and debit , she answered me if you do Accounting will be hard for you, Stupid isn’t it ?, when I watched your videos I figure out that is so easy, but she can’t explain it effectively , thank you and keep up the good work , you don't know how much i learned from you . thx

[@sammyangel66]

Thanks so much for posting these videos! This is helping me sooo soo much more then looking at my book for an online class. Thank you again!

[@carolynwetmore691]

You are so helpful!!! You are great at explaining everything! Thank you for "saving my life". Sincerely , a stressed out student.

[@chapisydaddy]

wow, Best teacher EVER! Thank you so much for knowing how to explain T accounts.

[@amandaanzalone3107]

How many people have finals next week and haven't shown up to class in like 2 months so this is your final resort?

[@kevinbb3349]

+Amanda Anzalone Yup that's me over there

[@flyingtaco725]

+Amanda Anzalone lol how did that work out for you

[@optmeoutbihhh2936]

That was dumb

[@steezmonster92]

As someone whose been there before, I'm sure you're paying for that these days hahaha. Hope you've gotten it together since then! All love.

[@archy6248]

you learned this in college im learning this in 9th grade

[@briannamcleod6989]

this guy is right now I didnt understand accounting either so my last resort was youtubing it and i subscribed to this guy I wish he was my professor definately knows what he's talking about

[@telenaav]

Great! Thank you very much. I like the way you explain very clear and eassy. Direct to the point.

[@angelmaria3334]

Thank you so much for this, wish I had you as my professor!

[@kingdomwomanj]

You are an awesome instructor....Thank you. Now I finally get it.

[@jhenlino2200]

you explained it very well more than my teachers. i drop accounting subject twist and i can only understand it after watching ur video. thank you sir. good luck with my exam later.:)

[@GOGITTA101]

I really appreciate your 7:54 minute lecture. Great video my next course is accounting and this gives me a wonderful starting point. Thanks.

[@paulmomodu720]

Thanks Professor for the lectures, enjoy it very much......hope to receive more.

[@alijama5026]

This teacher is good or cleaver and he explain this concept very well. Thank you.

[@rachello80]

thanks a lot, i couldnt understand even i studied for several class, but i understand after watching this!!!

[@MaiProject2024]

Your videos are great for reviews.

[@ivanarteagajeep]

Thanks for posting these videos I am about to start accounting and wanted to get a grasp of what I am getting into. Thank you for your clarity I will be sure to read and reread my accounting classes chapters!

[@whatsuppauline]

Blessed to have come across you! Thank you so much!

[@vincentortega4284]

Great video instruction. You explain this concept very well. Thank you.

[@ralithelion]

You are officially my favourite professor!!

[@conchaun12]

Thank you for these videos I am going to start my accounting courses this fall and I really want to be prepared. These are definitely helping me.

[@StRaWbeRrYsasha]

i love your teaching! it is soo good i wish u were my understanding company accounts and finance lecturer, then i would be miles better of ! :-) thanks

[@loantran7006]

Thank you for posting such a great video! This video made me feel very confident of taking accounting. Please post more if possible. ;)

[@googleization]

Very Good Instructor. He is my Guru.

[@fhowland]

Great vid, thanks for explaining with such easy to understand examples.

[@anhtruong17]

Gosh , I so appreciate your work , you save my life.

[@bktitans927]

This video was featured in one of my classes. Excellent explanation.

[@cesiralucia]

your videos are helping me tremendously! thank you, thank you, thank you.

[@MrZezima]

OMG THX!! I SHOULD GET A SUPER DISTINCTION FOR MY ACCOUNT AFTER LISTENING TO THESE VIDEO..!! THX A LOT!!

[@bivan1438]

This is one damn good explanation sir! Thanks for the help, my book makes it way more complicated than it needs to be.

[@liujun4842]

This man so good on teaching!

[@shakaama]

ooooooooooh. I feel dumb now. you're way too good at this. ding ding ding. light bulb goes off.

[@bongiwethusi7501]

wow...simple and understanding ...tanx hei,,,,wow

[@krishnachaitanya8853]

Thank you...very helpful :), excellent teaching...

[@sunshinemurad3374]

i work as an account asistant although i didnt study accounting and this video helped a lot to understand it so thnx so much.

[@anopasilver]

good job , love from Zimbabwe

[@ExtremeWassabi]

My professor instead goes around the class and does textbook questions. When a student does not answer, he/she is lectured and pin pointed to the entire class... Oh and basically 0 notes go on the board. So I thank you Mr.Fisher. Lol I'm going to fall asleep to your videos tonight, literally.

[@typeslowly4billion]

I echo the sentiments of everybody else who commented here. You truly are a gifted communicator. At the very end of this video, you briefly alluded to studying along in a book. I assume it is a textbook that corresponds with your teachings? If so, can you provide the title and author?

[@ayonsaha7963]

lol the professors are just fine. i just want to watch these videos to refresh my memory, and also compare notes that I got from my professor. Honestly, if you pay attention and listen to your professors correctly, everything works out.

[@aluaptraep3284]

You are a great teacher,thank you.

[@nerminmahran188]

Thank you so much, you are an excellent teacher, God bless you .

[@T.K.Do-Jeddah]

i wish i'd this Doc. when i was in Uni ,,,,, that was just perfect

[@boomerangnow]

Very nice explanation! Thank you Mr.Fisher. What book would you recommend we read to get the basics along with watching this video? Appreciated!

[@rizkajones]

Thank you so much ! You are an excellent teacher.

[@HippieVirgo]

Goddess bless you! You are so much better at explaining this stuff than my professor.

[@Jonathanhalim2000]

Wow, I really love, the way you teach us, Thank you so much for your help, Jbu :)

[@krismas9732]

Sir FISHER, YOU ARE A GREAT TEACHER

[@K8teeeeeeB]

Its so easy when you explain this!

[@RicanOfMayhem]

this guy is an awesome teacher!

[@christopherscroggs5728]

this guy bout to save my gpa fr. my prof ass. this guy a GOAT.

[@trangling563]

thank you ! just started to take my accounting class you really helped alot

[@MrMessinosta]

You're an amazing teacher. Thank you very much

[@Torqueyeel]

Thank you so much! You make all of this so simple!

[@nmkone2207]

You are amazing, love this videos.

[@omarsiddiqui280]

Wow, that was helpful and interesting. Btw any particular course book to follow; for further reading/practice?

[@daniawania]

Awesome!! straight to the point and gimmicks :D

[@pedrohango8273]

am in the class 4 6 months and i never get it,and u did it in 8 mnts,Grande Guruuuuuuuuuuuuuuuuu😍😍😍😍💋

[@eilenkatarinalunde2969]

Well explained. Simple

[@kelsterMcNelster]

Is there anyway you can organize your videos, so they are in order? I am having trouble locating them all?

[@wadood8]

Awesome video. And thank you.

[@sharifabahar6257]

it is great . thanks a lot sir .

[@krisp3546]

Is there a work sheet that defines the terms of payment and when and how you record it. I get confused with if they pay cash on the spot then you input in as asset and equity correct? but what if you buy things on credit then you don't record it or you do once payment it made? or if you buy things and have 30 days to pay it then when do you record it when the payment is made or when the transaction is made? I have been looking for something that will drill all these scenarios or has one sheet so I can memorize it.

[@Capachomexico]

SIR!!! YOU NEED TO START TEACHING MORE REAL LIFE PROBLEMS AND TAKE IT TO THE NEXT LEVEL...YOU ARE VERY CLEAR AND IM SURE IT WILL HELP A LOT...FOR EXAMPLE HOW TO ADJUST ENTRIES, HOW TO DO AN ENTRY FOR A LOAN WITH AN INTEREST RATE, HOW TO JOURNALIZE THAT AND HOW SHOULD WE STATE THAT IN THE BALANCE SHEET..Y

[@yeyo-sz2cw]

I'm taking an online bookkeeping course, they use it as: assets - liabilities = capital; which is the same concept but I like it better as: A - L = Capital.

[@derek690]

Thank you so much for this video, it helped me to understand accounting equation easier.

[@MaxUtley]

very good instructor

[@vedantkrishnatrey]

Thank You soooooo much! You are an awesome teacher!

[@lesliecuriel2112]

You need to comeback yo KZbin monetize your videos love your content and develop a series of videos in principles of accounting, managerial accounting, and the other accounting clases great job explaining!!

[@mattfisher64]

Leslie Curiel thank you. I have lots of videos under Online Edvantage. Go to that channel and select the playlists for either financial or managerial accounting. Also there are lots of videos under mattfisher64

[@Upgrayed23]

so expenses in owners equity also includes wages, utilities. Isn't that in account payable, which should be in liabilities?

[@elhamheidarzadeh2730]

You are the best. Thanks

[@mattfisher64]

Revenue minus expeneses is net income. Think of it as your business. Equity is the owner's claim. Net income would be your claim to the business. It is your net income since it is your business. It's kind of confusing but the net income belongs to the owners.

[@gontsegalabies4813]

I thank you for sharing knowledge with me

[@TheMosesAkoh]

u are the best

[@w0mblemania]

Thank you for these videos. However, I still have problems with the fundamental equation. If the business takes out a car loan for $10000, it has a car worth $10000. So it has assets worth $10000. And it has a liability of $10000. All good so far. BUT! The business also must pay interest on that loan. So the liability is actually higher than the asset. How is this represented in the equation? Thank you.

[@sealyuh]

if equity is the owner's claim, what does revenue and expense have to do with that?

[@Happy2be4c]

Thank you, this is very helpful!!!

[@sunshinemurad3374]

I m gonna go to the next videos for sure.........................

[@sealyuh]

@sealyuh Revenue - Expenses = operating income. operating income - other losses and income tax = net income. where does net income go in this equation?

[@THV6002]

8mins > 2hrs lecture !!!! BIG THANKS!!!! T.T

[@cal31BRIAN23]

nihonjin lol