The ACCOUNTING EQUATION For BEGINNERS

[@emmalani6701]

I have a bachelor's degree in accounting and this 5 minute video was more helpful than all of my accounting courses....

[@AccountingStuff]

Hey Emma, glad to hear the video helped! Sometimes it's useful to revisit the basics

[@casdessers9105]

Same story here, even a masters in finance and risk, but this just could've made things way easier back in the days

[@salty_kenz5080]

do your rly have a bachelor's degree thooo hmmmm?

[@music_tvuz7050]

@Lyrtha Kalas welcome to the whole world education system

[@TheLysila]

YES!

[@irl8796]

Anyone getting into accounting now, you’ll learn more from this 5 minute video that makes sense, than about 8 hours of your first classes in accounting

[@zechrojas2202]

Yes!

[@steamysteams1537]

bro just mock my indian lecture in single comment

[@madebytashalarae]

That is definitely me!

[@unknown-np5fm]

You're a bloody legend for splitting the video up into titled sections. First time I've ever seen that on KZbin to be honest, and it's definitely one of those things you didn't know you wanted until you had it. Great video. You should probably allow ads on your videos as soon as you can cause this is good content and you should be paid for it.

[@AccountingStuff]

Thanks Jonah!!

[@laniloveaj]

Man... can you teach professor's how to teach?

[@AyurrRBX]

dude I agree, I don't understand anything at school.

[@laniloveaj]

@@AyurrRBX he helped me get a B on my 1st test.

[@yueyue4793]

no doubt that

[@tydonnelly7444]

Amen!! Preach

[@majestinostario1341]

Actually, he's amazing, am wondering if he's doing personal coaching

[@maxland3481]

Man, you're genius. I'm a high school financial accounting teacher and your video will help me a lot when explaining accounting equation to the first year students as I'll be teaching it today.

[@gideonmendoza2067]

Wish you The best maam

[@JackDaniels-ee1fo]

You are teaching accounting in High School? Man, must be a good high school. I usually refer to high school as only really useful for basic stuff like math and history, add geography if they can teach that well, but to be teaching something as career practical as accounting is something else, glad some schools are getting better at recognizing useful material

[@jayrajmali4030]

There are many videos for accountancy but this video was best

[@AccountingStuff]

Cheers buddy 🙂

[@syahiranajihaibrahim2190]

agreeeeee>

[@milesaustin1120]

James I wanted to say thank you. I just passed my MBAs accounting exam and I don't think I would have done anywhere near as well without your videos, many many thanks.

[@AccountingStuff]

Congrats Miles, well done!!!

[@ibbybash1558]

Hello Miles. May i please ask, as i possibly want to pursue a career in accounting. Is it hard and boring?

[@stffaluffagus]

Accounting can be challenging at times but a rewarding career. You do mostly sit at a desk all day so there’s that. If you are highly interested I would suggest a shadow or internship to test out the waters before you decide completely.

[@ibbybash1558]

@@stffaluffagus Thank you so much!

[@PhilipEapen]

You succeeded in teaching me my first lesson in accounting. I've had so many teachers over the years who tried and failed. Thank you.

[@AccountingStuff]

It is a pleasure!

[@GetRight249]

That was one of the best explanations I've heard for any topic. Great job

[@AccountingStuff]

Thanks, I’m glad you found it useful

[@gailspitzer4975]

Great video! I took accounting 30 years ago and am now re-freshing my accounting in hopes of opening a business in my retirement years. I love your simple, clear explanations!

[@AccountingStuff]

Cheers Gail! We all have to return to the basics from time to time. Have a happy new year!

[@musicfanBRA]

I was struggling with the logic of this equation, but the idea that what you owe depends on who the lender is (so, Liabilities for 3rd parties, Equity for the owners) is a GENIUS way of explaining it. Thank you!

[@AccountingStuff]

Great to hear it's clicking for you

[@kellymckay544]

This is absolutely wonderful!!! Better explanations than 3 semesters of accounting coursework and a year and a half of bookkeeping work that I've done. Thank you, please keep making more of these.

[@koteswarris8949]

You are singlehandedly saving my career lol. I watched this in my 11th grade 5 years ago, I'm taking my CMA exams (equivalent to CFA kind of in India) and here I am watching your videos again. Thank you so much!!

[@easymoneyhooper2974]

Learnt more in a week of watching your videos than a semester of accounting at degree level, thank you so much bro your a life saviour!

[@ductator4479]

you have saved me 2 lectures worth of learning in literally 5min, lad

[@AccountingStuff]

Hope it's making sense :)

[@zensukai]

Boy oh boy -- I came across your channel while looking for resources for Bookkeeping, as I am changing gears from IT to bookkeeping/accounting. Your content and presentation is brilliant and I have learned a ton thus far -- more binge watching this weekend. Many thanks for the great work!!! =)

[@jobkhanyile1451]

The best teacher I have ever seen on KZbin thus far hands down

[@AccountingStuff]

Thanks for your kind words!

[@ntokozomduna637]

Dude! Wish I had your videos in my first year studying accounting. This is a gold mine. I'm sharing it with friends.

[@AccountingStuff]

Cheers mate, thanks for sharing!

[@darylyue2026]

Thank you so much James! Just to support some English. For anyone who doesn't know "mark up" means, "mark up" means increased price of goods. From 3:00 in the video, there is "60% mark up on cost". The cost is $5, the increased price is $3 ($5*60%), which means the "mark up" is $3. Therefore, the original cost is $5, the mark up is $3, the sale price is $8. Hope it helps! And correct if I were wrong.

[@crismejeli2082]

really helped to understand

[@darylyue2026]

@@crismejeli2082 Thanks Cris!

[@liamh9135]

Dude, youre a real teacher. A lot of professors have the knowledge but they are NOT TEACHER. They understand it but they cant explain it to others so that other people can also easily understand it

[@AccountingStuff]

Cheers that's kind of you to say!

[@liamh9135]

@@AccountingStuff I'm wondering what Canadian city you're at? I'm in Calgary

[@AccountingStuff]

@@liamh9135 I'm in Vancouver, not too far away!

[@koteswarris8479]

Thank you so much ! 2 years ago I watched this exact same video before my exams, and here I am again watching it for revision. Thank you !!!

[@AccountingStuff]

Best of luck!!!

[@bdbbdb6483]

I'm currently in a accounting class as a junior and you explained this better than my teacher . I was lost at sea when my teacher taught me this but I came to this and I think I have a better knowledge. Thanks

[@sarahmjones13]

This is exactly how I felt after we covered it in our lesson.... I thought I'd never get it but this video has just made everything clear!

[@AccountingStuff]

No worries, I'm glad to hear that it's making more sense for you!

[@AccountingStuff]

@@sarahmjones13 That's awesome!

[@madebytashalarae]

I'm taking accounting courses right now for my Bachelor's and your videos are saving the day!! I've been trying to understand debits & credits for hours now and the more I watch your videos the more it makes sense. I'm gonna keep watching but I had to say thank you for this!!

[@AccountingStuff]

Great to hear it's clicking for you :)

[@matt-tastic7827]

Do you know how hard it is to find someone who 1) knows accounting. 2) it actually good at teaching. 3) makes quality videos. I’m not joking when I say this, your literally the reason I’m gonna pass my accounting class.

[@ashleyr4702]

The best accounting video for beginners I've seen so far. I am learning accounting with no experience and this video definitely helped me understand the most basic things. can't wait to see the rest of your videos of this Accounting Basics video Series. keep it up!

[@minaelisa]

Hi James, thank you for making this accounting subject so fun and alive. really enjoy your video a lot!!! Keep on watching and learning from your awesome videos

[@rambot670]

Thank you so much ! My course directly told me that the sale of merchandise of $100 : 1) Increases cash by $100 2) Increases Retained Earnings by $100 I was unable to reconcile this until I watched your video ! Also, Stuff that business owns = Stuff that business Owes.... so powerful yet simple !!

[@viraloutbreaks99]

OMG! Just the first 2 minutes were more useful than my last month in class.

[@badabing5163]

I just found your channel and these videos are just soo concisee and helpful.. I feel like this channel is underrated.. thanks for the video!

[@AccountingStuff]

Thanks, I'm glad you're enjoying the videos :)

[@wilpse]

My Accounting teacher played us one of his videos and she said that he's attractive😭

[@MhlavaSambo]

😭😩✊😂

[@ItsInFeRNoXiiCxD]

This channel WILL help me become an accountant. Better to learn early than wait to learn!

[@AccountingStuff]

You've got this!

[@markwells79]

This was incredibly helpful as someone who has absolutely no experience in this. Your videos were the first I watched on accounting.

[@thomasgolden5499]

James - you are EPIC! Thanks so much for creating these easy to follow (and entertaining!) videos on what can be a confusing subject! I'm starting my own practice (Mediation/Conflict Resolution/ Facilitation) and returning to bookkeeping/accounting after an absence of 20+ years. You've actually made it enjoyable! Every good wish in your own career.

[@AccountingStuff]

Thanks Thomas and best of luck with your new practice!

[@jamiecampbell690]

What a great start. With the number of books I have bought on Accounting I could open a small library. At last, some clarity from you right from the outset. Thank you.

[@AccountingStuff]

Cheers Jamie, glad the video helped you out! Would you recommend any of those books? I am looking for new ones to review

[@jamiecampbell690]

Accounting Stuff of course. Do you want me to reply here or direct where I can send you screenshots.? Jamie

[@tHeBlaCkbRackEt]

It's very useful to youths instead of see useless video we can study thanks bro ❤

[@bethsbest17]

I found out about you a few months ago and now resort to your videos anytime I'm confused or looking to further understand Accounting. You're a wonderful teacher and I'm so grateful for your time and dedication to your videos!

[@AccountingStuff]

Thanks for your kind words! All the best with your studies :)

[@bestintaste4708]

This is very first channel i have subscribed for accounting learning as I found it good. Just wanted to make a point here.if you could slow down your speed , will help you understand better. Thanks . You are doing good. Keep it up

[@AccountingStuff]

Hey, thanks for the sub! I appreciate the feedback and will bear it in mind for future videos. I the meantime... have you tried slowing the speed of the KZbin video in the settings, maybe that will help?

[@bestintaste4708]

Thanks for considering my point. I m afraid if I know it.

[@juliakkristinsson]

This was so helpful, thank you! I finally understand

[@Michiganian8]

I was looking for a channel like this. Thanks for the helpful info.😁👍🏽

[@AccountingStuff]

No worries, hope it helps!

[@tmillion]

nice job!! I liked the visuals & graphics. good clear & simple explanation

[@AccountingStuff]

Thanks Tina! Those graphics take a long time to make so I'm glad you liked them

[@afrah4594]

Great!!! so helpful I just started ACCA after my Bachelor which is waaaay different than my major,, this really helped me a lot perfect series for a beginner like me

[@AccountingStuff]

That's great! I did the ACA which is similar to the ACCA so can feel your pain! Happy to hear that you find these useful. Best of luck with the course!

[@farahabdullah4838]

@@AccountingStuff I would like to request for you to share something like 5 reasons abt ACA and related to that. Extremely curious to know. It just a thought that it will help many people out there .

[@AccountingStuff]

@@farahabdullah4838 Thanks for your request!

[@maihaider99]

I’ve financial accounting degree 7 years ago and didn’t work as accountant but I swear now I understand it well I was looking for someone who learn me it simply thank you 😊

[@AccountingStuff]

No problem, great to hear it's making sense

[@shaileshnautiyal9816]

Well explained. Your presentation is awsome. Short videos with a lot of learning. Thank you !

[@AccountingStuff]

Cheers!

[@deepama2342]

Hey 😁 I'm done with my exam yesterday....it went well!!! Thx for those videos 😍🤗🙏

[@AccountingStuff]

Well done, I'm happy it went well! 👍

[@jayrajmali4030]

It was amazing. Plz explain depreciation,provisions and Reserves

[@AccountingStuff]

Thanks for your suggestion! A few people have been asking for the same topics so I will make sure to cover them in the future 👍

[@lillymcandrews5068]

I am in an accounting class for college right now. I was so frustrated with the videos school provided, this video taught me more than any of them

[@jtumulak7]

man you made my life easier! ive read counless of articles online but still struggle understanding accounting stuff fully. this is highly recommended to my friends and colleagues. subscribed and liked all videos. hope this helps spread your videos, thanks man!

[@AccountingStuff]

Legend, thanks for all your support! I'm glad to hear that vids are helping you out

[@lauragonzalez4962]

So helpful! Thank you

[@AccountingStuff]

No worries :)

[@koleni3887]

Hi James, thank you for always uploading such useful stuff I am completely lost at school. You helped me a lot for my previous test, thanks again.. We are now on the topic « TAX ACCOUNTING » could you do something on that too pleeaaaase 🥺

[@AccountingStuff]

Thanks for your suggestion!

[@itzgiana801]

its the fact that my school teacher takes 1hour to teach this topic and I didn't really understand and this 5min video taught me a lot . Thank u smmmmm❤❤❤

[@jenniferwood4916]

I'm in MS. in IT management at WGU and I'm seriously considering posting this account up in the forums for WGU for our Financial Management course cause its like 10x better than the textbook and gets me to understanding WAY faster

[@kellyhawthorne3629]

Thank you, thank you, thank you! You just made everything "click" for me. 😄

[@AccountingStuff]

Cheers Kelly, great to hear it's making sense

[@101barky]

Great stuff James - I'm an accounting dummy and this makes it really clear.

[@AccountingStuff]

Thanks Eddie!

[@101barky]

Its great James - of course its Alison commenting. Eddie is no accounting dummy.

[@AccountingStuff]

Haha good to know Eddie is all over this. Thanks Alison!

[@krismerchant6127]

My goodness. This whole series is SO helpful. The stuff our school gives us is not nearly this good. This series is such a great primer. Can't thank you enough for doing this!

[@AccountingStuff]

Cheers Kris! All the best :)

[@mecheljamora9826]

Thank you somuch for your content. These is very essential for me especially this time of pandemic. We don't have any discussions. Thank you so much. I will start watching your old videos until the latest❤️

[@AccountingStuff]

No worries, best of luck with your studies!

[@salwaabusin2632]

are we gonna ignore the fact that you never blinked lmao.

[@AccountingStuff]

I never blink.

[@ultralegendarybeast101]

@@AccountingStuff I have seen it in other videos!

[@WonderrOnYT]

I am getting a %100 in my financial accounting class iA this year.

[@AccountingStuff]

I hope so! Good luck!!

[@tanushkaverma1912]

You are the one who really wants us to learn and so you make everything which can be understood by everyone in need and love the way you reply to all the comments👍 Accountancy is easy when we learn from someone like you... Blessed to find your channel ❤️

[@AccountingStuff]

Glad you're finding these helpful! All the best :)

[@MedGaabon]

Who’s watching with me in 2022? Thank you so much man! The visual aids helps a lot to me. ❤

[@venstarlord801]

Jus like a re breather of my high school Accounts

[@AccountingStuff]

I hope it helped you refresh your memory

[@CristianSanchez-fs6vk]

I got confused on the 60% mark up on cost part, would someone be able to clarify it for me?

[@AccountingStuff]

Apologies, I should have been clearer... A Mark Up on Cost is the difference between the Selling Price and the Cost of Goods expressed as a percentage of the cost. So if the Goods costed $5 then then a 60% mark up would mean $3 of profit (60% x $5) which means the total selling price is $8

[@pscrypto966]

Finally understand it. Everyone was explaining it wrong. I never thought cash was also equity, so it makes sense as an equation.

[@JoetheBoss7]

Thank Mr.AccountingStuff. You are a good man and this is a great playlist.

[@AccountingStuff]

Cheers Joe, that's kind of you to say!

[@WildcardASMR]

For easy reference: 0.75x playback speed Thank me later ;)

[@alina2674]

What is the cost for popcorn and where does it come from ? 🤷🏼‍♀️

[@bimogushatriastanto]

The popcorn was his own equity, he takes it by himself to the company (no Cost/Liability). U might notice he credited the Owner Equity when he added the Popcorn as Inventory.

[@MinisterRickiLBlakeney]

These videos are getting me ready for an accounting exam. Where have you been all semesterrrrr

[@lola-np6ew]

it has become crystal clear! thank you!

[@AccountingStuff]

That is great to hear!

[@guxun334]

how on earth someone dislike this vid!😞

[@panagiotikontos2724]

could you do an income statement please

[@AccountingStuff]

Will do!

[@paulmeek537]

I graduated with my accounting degree back in 2008 and your videos are a very good refresher!

[@AccountingStuff]

It definitely helps to go back to basics from time to time. Cheers!

[@kawaiivee5257]

This is really helpful for my exam later. Thankyou, you explained clearly.

[@AccountingStuff]

Good luck in your exam!!

[@bernardyeo9077]

Best accounting channel on KZbin! Thank you James

[@AccountingStuff]

Thanks for your kind words!

[@rushikeshmore6067]

Great man...... I spend 70000rupes in education and didn't know anything... And you are giving it in free and I am understanding it...

[@AccountingStuff]

Glad it's making sense :)

[@manallifestyle2041]

This is by far the best accounting / finance related video I have ever watched.

[@AccountingStuff]

That's kind of you to say!

[@lynnlambert3068]

Thank you so much!! I've sampled MANY youtube accounting videos but always find your videos to be understandable, clear and concise!!! You are my go to (youtube) guy for understanding accounting principles!!!!!

[@AccountingStuff]

Thanks Lynn, glad you're finding these helpful :)

[@peterliao6045]

Hello, I'm an undergrad about to take accountancy in university this year and discovering your channel is probably the best thing that happened during quarantine. Really appreciate what you do. Keep it up man, you earned a sub :)

[@AccountingStuff]

Cheers Peter, I'm happy to help! All the best with your studies

[@Samarii_]

I have test in a couple days and these videos are what I'm bringing rn, super helpful ty !!

[@sangwhawoo7559]

Thanks for such a great explanation for all this principle that I had hard time understanding at first. I would like to watch more of your videos and recommend your channel to any other friends who want to learn accounting!

[@eto112358132134]

Shirt! I spent 4h to learn all of this in 2 chapters of Survey of Accounting and you made it all clear with a 5min video? You are a life saver!

[@AccountingStuff]

Great to hear it's making sense!

[@Sanii3845]

I love the way you explain things. You make it so much easier to understand. Thanks for this video! Looking forward to checking out the others.

[@AccountingStuff]

Thanks Shamz! I'm glad you enjoyed it. Hope you're keeping safe

[@zechrojas2202]

I'm so happy I found your channel I could cry. I'm trying to go back to school to provide for my daughter and my teacher only reads out of the book. I feel like I can actually do this now. Much love from Texas!

[@joseeboulanger7427]

I'm currently watching these videos because my small company has asked me to help with the accounting, and it's been tricky until now - you are amazing. Super informative videos, very accessible and incredibly helpful as a series. A thousand times thank you for producing these videos.

[@AccountingStuff]

Thanks! Happy to help :)

[@andreasvalladolid]

You are my hero dude. Thank you so much, you've simplified accounting for me and I'm getting a better idea. I'm taking intro accounting and I'm lost but you saved my life bro. THANK YOU!!!!! Subscriber 4 life!!!

[@AccountingStuff]

Great to hear that you're finding these vids helpful!

[@amberwatson2063]

Have tried to learn this for so long!......I finally get it! 100% subscribed 🤗

[@AccountingStuff]

Wooo! Glad it's making sense. Thanks for the sub :)

[@thevictoriouslife6909]

Explained it better than my old accounting teacher! Wasted 2 years for nothing but within 4 mins learned so much from you, Thank youuu! Excellent!

[@AccountingStuff]

No problem, glad you found the video useful!

[@user-zs1fx6hl9j]

I usually don't comment and give likes, but you, sir, deserve likes the and comment for the help you gave me.

[@AccountingStuff]

Glad you found it useful!

[@Adivhaho1]

The best explanation I've listened to so far. Thank you.

[@AccountingStuff]

Cheers, I'm happy to help!

[@joshualaveaga9890]

I don't you understand how helpful this is to me during my accounting class. thank you so much

[@AccountingStuff]

No problem Joshua, hope your studies are going well :)

[@philevans7001]

Thanks for the video. I was getting really tired of some trying to explain a balance sheet by just droning on that a balance sheet must balance because that's why it's called a balance sheet; like it's some sort of cult. With your explanation and examples I can see some purpose behind it and get a grip on what's going on in it. Cheers

[@AccountingStuff]

No worries Phil! For more on the Balance Sheet you can check out this one... kzbin.info/www/bejne/j4vcc4aLa76Xo68

[@jeanclgn]

man i just started the university and i’m studying this stuff: you are saving my life thank you so much!!

[@AccountingStuff]

No worries Jean, good luck with your studies!

[@njugunacharo8873]

Thanks a lot James. Your videos are so helpful. Was wondering if you got videos for accounting for partnerships and non-profit making organisations?

[@AccountingStuff]

Hey Njuguna, I'm afraid I don't at the moment. But thanks for suggesting them to me!

[@elizabeths1587]

Thank You for helping me understand accounting.Your videos are great! You should be a teacher! You have the gift to help others understand the information clearly.

[@AccountingStuff]

No worries Elizabeth! I'm happy to help :)

[@nalyratovo290]

Accounting has been a rabbit hole to me til I watched your videos Thank you very much

[@AccountingStuff]

No worries Naly, you're very welcome

[@anhdinh7561]

Your KZbin channel help me a lot in Principles of Accounting subject. My professor just gave me the equation and exercises but didn't explain clearly about this. Thank you so muchh!!

[@AccountingStuff]

Cheers, glad it helped! All the best with your studies :)

[@agneswu9612]

WOWWWW I am sooooo impressed, I am Taiwanese, English is not my native language and I am super poor at accounting, but I could totally understand what you've said in the whole video! OMG thank you sooo much James

[@AccountingStuff]

Cheers Agnes, great to hear it's making sense!

[@mystique5113]

BEST, Absolutely best examples and explanation of a balance sheet. I'm not an accountant and I'm trying to determine what goes where on the balance sheet (I mean, the current and non-current/ liability and equity spaces), and this video has made it very obvious. I'm still going to need more training but I've got to say, no one made a better example/ training on KZbin like you. Thank you.

[@lornamaina-hw2se]

Jeez you are a God sent 😊You have a specific way of making accounting concepts easier to understand. Thanks its really helpful continue posting more videos

[@AccountingStuff]

Thanks, great to hear you're finding these helpful :)

[@politicalfoolishness7491]

You just earned my subscription. I need to do bookkeeping for a small business and I can tell by this first video I can learn from you.

[@tasniaapara8545]

thank you for making this video the first video that i understood and it made me feel a little bit better to understand SOMETHING. so I am very grateful