What Does Equity ACTUALLY Mean?

[@gregoryegharevba1709]

I hate accounting, I like accounting when explained like this... wow.

[@sapsalingpusacattalkmaykwe1556]

Agree! That's why I tried Course this then next BSIT

[@LiaPourpre]

''let me know in the comments if you want to hear more about it'' -ARE YOU KINNDING? I WANT TO HEAR MORE ABOUT EVERYTHING! YOU ARE THE BEST EVER! Please dont ever stop teaching us what you know! these videos are so good! never thought i would enjoy accounting this much! Thank you!!!!

[@AccountingStuff]

Haha, thanks for the kind words!! Glad to hear that you are enjoying the videos. I don't plan on stopping any time soon!

[@a.c.n.9421]

Ditto!

[@cz5240]

Same! It's so concise and clear and fun!!!

[@shadowslayerblack2421]

ikr?

[@salty_kenz5080]

lmao

[@marieclaudettegarella2038]

I love this man, he taught me in 10 minutes what I couldn’t learn in several lectures! Thanks James, god bless you

[@AccountingStuff]

No problem Marie, happy to hear that it's making sense

[@yairopro]

So true

[@meopup]

Hallelujah!

[@BlessGodMinistry]

Amen

[@randallgraves5289]

For real. I've been researching this all day, and nowhere else was it broken down this clearly.

[@timothyparris2791]

I wish these videos were around during my first semester of college. You do a much better job explaining these topics than my fundamentals professor did. Well done!...

[@AccountingStuff]

Cheers Tim!

[@jisulim1326]

Fortunately i am watching this in my first semester!! 😆

[@luisfernandolt]

I’ve always had trouble with equity, I usually just forget. This video has made me realize how easy is to understand equity. I love it.

[@AccountingStuff]

Great to hear that it's making sense for you!

[@blast2686]

I slacked off during high school. This is one of the main reasons, why I can't cope up with my college accounting lectures and tests. I haven't got the basics of accounting down hence the crisis. Then one day I stumbled upon this channel and mark my words, this is one of the best things that ever happened to me in my entire life.

[@AccountingStuff]

Sorry to hear that you've been having a tough time at college. I hope it all gets easier for you. I'm here to help, so if you have any questions please let me know

[@dukebaloof2540]

I completely fucked up my life too, now we'll never be able to catch up.

[@waterfoker8558]

Same, took me a decade to finally understand, it's SO EYE OPENING

[@cpsystems4092]

@@waterfoker8558it’s weird aye, how we just all of a sudden… realise

[@LuxuryCarEnthusiast]

The best part of this videos was the fact that you and your brother are involved in removing plastic pollution! Good Stuff

[@yairopro]

This is probably the best video on financial literacy in all youtube. It makes things so clear ! Thanks a lot for your great work.

[@AccountingStuff]

Cheers Yair, glad you enjoyed it!

[@waseemyousafsofi7122]

Teaching is an art, and that art is in you. Mr. Artist. A huge support and respect.

[@inongenawalifanu7656]

Now you are what I call a great teacher!! Things are ever so clear now, even the text books don't explain stuff this way...thank God for you James!!!!!

[@AccountingStuff]

Thanks you are too kind! Happy to hear things are clear for you

[@creators4817]

I have a masters degree and you helped me learn this better than my teachers did

[@nefertitimontoya]

You're an incredible teacher and filmmaker 😭 so clear and understandable and engaging

[@AccountingStuff]

Thanks that is kind of you to say!

[@dylanhenderson122]

You are literally the best educator ever. I can literally just watch your videos to study.

[@AccountingStuff]

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

[@christinaahn1887]

You can see all the effort that he puts into his videos!! It's so neat and organized!! Thank you James! :)

[@AccountingStuff]

I try :)

[@Abdullah55981]

If you have no clue what passion all about, watch these series, it is clearly show the passion that James have to spread knowledge to all humans.

[@deeznuggs6757]

For those who still don't get the accounting equation Think of Assets as 20 Liabilities 10 Equity 10 You just need to balance them to 20=20 no matter what you do. This is all there is to it, you only need to understand what accounts fall in each category.

[@donnychau4]

is it bad to have more assets then liabilities and equity? Is it does go over, what happens?

[@StXGaMeRalli]

@@donnychau4 You will never have more assets because assets = liabilities + equity

[@campbellblk7484]

Well thanks for simplifying it. Still not sure what equity means but I’m close to figuring it out.

[@maxmacciolli2556]

@@campbellblk7484 equity is the shareholders’ claims on an entity’s assets

[@whatuwantfromme3421]

@@campbellblk7484(Equity is made up of Retained Earnings (profits) and Capital contributions from owners (aka money owners put into their business. And there is different words for capitbal contributions depending on the business type. Owners equity, Partner contributions, Shareholders Equity). So Assets = Liabilities + Equity (Capital Contributions & Retained Earnings) And equity is considered "what you owe to the owners" because of the fact that the owners are the ones making investments into the business/company so that it can become profitable in the future. And Retained earnings is labeled as "what you owe to the owners" because since the owners are the ones taking their own money and investing it into the business, some of the retained earnings (profits) need to be paid to them. Because thats basically what investing is. You put money up to help someone, and then you get profit back when they make profit. So thats why retained earnings is considered "what you owe to owners"

[@growthclassmedia]

This has to be the best explanation of equity on the Internet. Thank you, James.

[@AccountingStuff]

Cheers mate!

[@jaydios1574]

Your videos are invaluable to my learning. The production quality is superb; thank you for your hard work!

[@avaceleste]

Amazing how confusing it can be until someone explains it so clearly and simply as you do!

[@MahmoudElghoneimy-mahghoneimy]

Man, you're simply awesome; I like how you divide the content into short simple videos of 11 min (Y) This helps a lot; making it more digestible... Keep your awesomeness going and hope you get lots of subscribers and viewers; don't give up

[@AccountingStuff]

Hey Mahmoud, thanks for your feedback. It's motivating to know the videos are making a difference. I don't plan on stopping anytime soon.

[@andrewreese9802]

I'm an accounting instructor and I've watched nearly all of the videos. This is probably the best one, really marvelous.

[@lanah5283]

I've started studying for my level 4 ATI exams and these videos are worth their weight in diamonds let alone in gold! Cheers for making these, you're a legend 😁

[@AccountingStuff]

Good luck with your studies :)

[@meherunnessa4347]

I took giant notess.. thank you so much.. you are such a great teacher.. i was so confused between capital and equity..best channel

[@Arvy565]

you should also start a course(maybe in another channel) on how to make and edit videos like an expert! your videos are truly amazing and you are really talented in it

[@AccountingStuff]

Thanks for your suggestion!

[@4w7thncwt48oi]

Not only are you an amazing teacher but the production quality of your videos is incredible, thank you so much for making this content. I'm paying £9,000 for uni but I'm watching your videos instead of my pre recorded lectures because they're so much better.

[@AccountingStuff]

Cheers Caleb!!

[@hayatmahamud1099]

these accounting videos you make are better than all the others put together and trust me theirs a lot.

[@AccountingStuff]

Thanks for your kind words!

[@sebastiansudacki8920]

3:16, great explanation of why the word "equity" is so connected with "ownership". I very much appreciate your work!

[@AccountingStuff]

Cheers Sebastian!

[@kyuxiu]

I have an accounting exam tomorrow morning and your videos have helped me so much more than my teacher has for this entire year! Thank you so so much ^_^

[@AccountingStuff]

Good luck! Hope you smash it!!

[@josephjohnson8726]

I have one Monday. The video's are helping

[@rumana5696]

I really have no idea how many times I repeat watching the same video again and again for more clear memorization. I don't know how to thank you. Am waiting for your upcoming videos. You are always best in teaching. God bless you.😇

[@drivingunicorns]

I really think your videos are useful and helpful! Keep making more :) SO GOOD

[@AccountingStuff]

Thanks Antoine, I have many more planned for the future!

[@jeicee4773]

You simplified everything and now I understand accounting after so many years

[@mohamedgomaa6852]

i wanna know more about the entities types and what are the differences

[@newtondias2956]

Effective teaching is a gift, many needed this back in my days. In Namibia, accounting is done from the 8th grade to 12th grade (junior and senior high school). Many kids didn't like it because the teachers didn't explain as well as it was explained on this video.

[@onlyonemitch5049]

Consider yourself my study partner Love from Africa✌

[@BigmanHaus]

Question: Lets take your expanded accounting equation: assets = liabilities + Capital Contributions + (Revenue - Expenses) - Withdrawals What happens if you go from sole proprietorship into a corporate? Where do classical "stocks" and "bonds" come into play? (What changes in the equation?) Thanks, and awesome video!

[@nasm5542]

My teachers never taught about these😂💗

[@terisayers-cooper7828]

Over 30 years since I did accounting as part of my degree. Wish you'd have been about then! I finally understand it. Brilliant!

[@AccountingStuff]

Great to hear it's clicking for you

[@nefertitimontoya]

Accounting stuff: *mentions Vancouver* Me: *pikachu meme* Edit: the talent in this city constantly amazes me

[@AccountingStuff]

Are you in Vancouver too?? I love it here!

[@DigitalMediaCanada]

@@AccountingStuff Vancouver is absolutely beautiful. Love it there.

[@BritSeobi]

As someone who didn't do accounting in high school and am doing it for the first time in varsity, my first lecture in acc got me so depressed. I am super glad I came across your videos. YOU saved me. Keep on doing the lord's work. Thank you

[@blast2686]

I slacked off during high school. This is one of the main reasons, why I can't cope up with my college accounting lectures and tests. I haven't got the basics of accounting down hence the crisis. Then one day I stumbled upon this channel and mark my words, this is one of the best things that ever happened to me in my entire life.

[@AccountingStuff]

No worries Britney, I feel your pain! I had to study for my Accounting Qualification alongside people who had majored in Accounting (my background was in Physics). I felt a long way behind at first but eventually we were all on the same page. Give it time and keep practicing. You'll be fine :)

[@syafiqaiman7305]

if you become my accounting lecturer,I think I can get always 4flat with A+ grade😂

[@SandraRaquel19]

Omg a BIG thank you for your videos!! They are helping me so much!!

[@donwhizz7880]

Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[@josephlee4001]

With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.

[@onwugharablessing8264]

Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

[@kennethdorothy5401]

My Financial adviser is ‘’Jackson Sten Marsh’’ he’s highly qualified and experienced in the financial market. He has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching he credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@justinscott6855]

He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.

[@oscarramos6364]

These videos show how much he knows that he is able to explain it so well. Ill continue watching all his videos

[@AccountingStuff]

Thanks Oscar, hope you find them useful :)

[@urvifood6105]

this video saved me sooo much time. I am so grateful. Thank you for your work!

[@yallappakanbargi4004]

I also thought from our seniors that accounting is very tough subject but after watching you vedio😊 it is like 2 mins maggie love you and your explanations from🇮🇳🇮🇳🇮🇳

[@collinssunshine3646]

Can't seem to get enough...one video ends..I want another of James....

[@honggwan.]

Thank you. The video explained "equity" so much better than an accounting professor I had back in college. This provided a clear picture! Pressed the like button.

[@Josh-ff1zm]

WGU please take notes!!!! This guy's youtube channel is better than your entire Financial Accounting curriculum.

[@sammartins2096]

currently binge watching the entire series ahead of my accounting exam next week haha. thanks for the help!

[@xireddy1033]

You make learning really easy and fun, lecturers should watch your videos!! I can watch your videos for a whole day while I can't stand 20 mins in class

[@AccountingStuff]

That's great to hear thanks :)

[@airadelfino4541]

Watched 4 of your videos already and so far I can say, "You are amazing!!!" Thank you for this video

[@AccountingStuff]

Cheers Aira! I'm happy you're finding them helpful :)

[@cheesaineko]

My bachelor degree has nothing to do with accounting but now that i am studying for a masters degree i need a part of accounting so i am really grateful for your channel. I never had accounting lectures yet i was able to understand everything. You are amazing !!

[@AccountingStuff]

Great to hear you're finding these useful :)

[@caffeineenroute]

Man, you break the subject down so well and have such effective slides. Thank you! :)

[@AccountingStuff]

Cheers!

[@sherreerobichaud4750]

You are truly a gifted teacher and storyteller. Thanks James for sharing your expertise.

[@AccountingStuff]

No worries Sherree!

[@yichingwang2147]

Why I didn't find your channel back in uni years when I was so struggling with Accounting????? Why I paid buttloads of money to a university that couldn't explain EQUITY clearly in 10 mins and instead, took me almost 3 years??????? lol All I want to say is THANK YOU JAMES!!! Your explanation is the clearest I have ever seen in my life!!

[@AccountingStuff]

Thanks, I'm glad to hear that you found it useful! All the best :)

[@liyanginirmani9850]

I'm an IT graduate and now I'm reading for MBA. Accounting was a very difficult subject for me earlier. But after watching your videos I'm enjoying accounting. Thanks a lot

[@AccountingStuff]

That's great to hear! Best of luck with your MBA

[@trevorsamuel3873]

Wow why wasn’t I taught like this? It seems so captivating and fun. Would love to see more and more topics of accounting. Thanks james!

[@jakefromstatefarm2991]

I took both financial accounting and managerial accounting, and I literally understand more of accounting from your videos. THANK YOU SO MUCH, i'm going to take intermediate accounting, so I'm refreshing my mind lol.

[@AccountingStuff]

Nice one! Best of luck with it all :)

[@brandongiroux7448]

A vancouver local loves to see people who are learning in school/uni (Such as I) get actual help from such an amazing teacher such as yourself.

[@AccountingStuff]

Another Vancouverite! Hope you're keeping safe in all of this smog we're getting

[@brandongiroux7448]

@@AccountingStuff Yeah! Tough stuff up here. Getting better starting today though :)

[@AccountingStuff]

@@brandongiroux7448 I hope so! Can't wait to get out and about again

[@RosaSanchez-em4gi]

You are an amazing teacher! I was having so much trouble and I greatly appreciate your time you have put into these videos!

[@AccountingStuff]

Thanks Rosa! Sorry to hear that you've been have a rough time with accounting. Hope it's beginning to click for you

[@chestnut8741]

Im legit just learning about stocks and fundamentals and knows nothing about accounting but i acctually understood it, youre the best teacher man

[@AccountingStuff]

Cheers, I'm happy to help :)

[@MusicInMae]

Dude your editing and way you come off to explain these basic topics are on point. I hope your content remains to be this high quality as you continue to make these videos. It's the small things that make it more enjoyable to watch and listen

[@AccountingStuff]

Thanks mate, that is kind of you to say! Some of the small things take the longest time to edit but I'm glad to hear that you're enjoying them

[@MatthewGlover]

Studying for a test and this channel breaks these accounting terms THE BEST. Thank you so much!

[@AccountingStuff]

Good luck in your test!

[@amyroper5789]

These are the best accounting videos I have ever watched !! Very informative and helpful

[@mohammedsahilsa2149]

I was struggling with accountancy in my university. Today I came through this channel. U explained me better than my qualified professor. Thanks james. You are doing an excellent work. Keep it up 👍

[@AccountingStuff]

Thanks Mohammed, I'm sorry to hear that you're having a tough time at uni. Best of luck with it all!

[@lolchannel5661]

Exponentially better than my teacher's explanation. Thank you so much.

[@AccountingStuff]

Thanks! All the best

[@alodiatanojo6415]

I'm doing a career change and I forgot all my accounting stuff!! Your videos are one of the easiest to follow honestly. Keep posting!!

[@AccountingStuff]

Thanks Alodia, I'm working on a bunch more at the moment

[@mwpackard1]

This channel is great! I am currently taking accounting at uni and have a test in 2 hours... I'm excited to see your channel progress at the same time as my class!

[@AccountingStuff]

Thanks Taylar, and good luck for your test!!

[@colourcolab]

I have recently started study and they use your videos for a lot of the subjects.... one; I hope you are getting royalties and two; thank you for making it all a lot easier to understand.

[@AccountingStuff]

Thanks for your request :)

[@donfrancis1246]

This is best video on equity and balance sheet. For a somewhat novice like me, you are a saviour. I learned a lot more over a short time span in comparison to hours I spent in the previous days trying to get my head around it. Also, this will be the only video I need to rewatch whenever I need a quick recap.

[@AccountingStuff]

Thanks Don, I'm glad to hear that you're finding the vid useful!

[@IGF-en7gn]

Thumbs up immediately for his charisma alone 👍

[@vinasanjoyo]

I can't thank you enough for this video, all this time I thought drawings and dividends are different things, and I actually didn't really understand what a dividend is, but thanks to you, I get it now!

[@AccountingStuff]

Nice one Vina, glad to hear that it's clicking!

[@PhilipAmalong]

but why are liabilities and equity ADDED together? liabilities are $ due to an external entity (bank etc) on a timetable - accounts payable. Equity isn't necessarily "due" on any timetable and includes profit of the business (an "asset" in broad definition). It seems like we add apples and oranges on the right side of a balance sheet. Why isn't liability subtracted from equity, as ultimately liability reduces the $ available for distribution to shareholders?

[@AccountingStuff]

There are two sides to consider in accounting: what the business owns (assets) and what it owes (liabilities to third parties and equity to it's owners)

[@jemma_palma]

thank you so so much for this! truly feel like i understand so much better now! i like how you break down the definitions bit by bit, and then piece it all together again by looking at the whole picture :) thanks and keep making these vids!

[@AccountingStuff]

No worries, you're very welcome. It sounds like Equity is clicking for you which is great to hear!

[@jesterreuban386]

I finally understand what retained earnings is. Thanks man.

[@AccountingStuff]

That's great to hear!

[@blanche1935]

Just started financial accounting this semester and will have management accounting too next month and your videos are lifesavers. I am really enjoying accounting thanks to you, as I never thought I could wrap my head around debits and credits. Thanks a lot, James and keep up with the awesome work!

[@AccountingStuff]

Thanks, I am happy to help! All the best with your financial accounting course. Hope you crush it!!

[@kristianelias8009]

That was an absolutely wonderful conclusion, you tied everything together so well. Marvelously done, my man.

[@acassiadavidson7428]

your entire channel has saved me, if I ever become something in the world of finance, so much of it will be owed to you fr

[@rajpandey2990]

hi I'm form 🇮🇳 today I see your video it topic is Debits and credits it's 👍 to tech.....

[@komuhangijacenta8184]

How i wish i got to know you time back thanks for good presentation.

[@1354sidebyside]

Excellent way of putting many hard-to-grab financial terms into perspective. Thank you!

[@robbob3718]

You articulate well and present the topics in a succinct and cogent manner. Also, you have text explanations that simplify the topics. Thank you for your work and keep it going! You’ve earned another subscriber!

[@greatsucceeder4516]

This is by far the best explaination So far, it will help me teach my students

[@spamaccount5059]

This video is the best explanation of equity EVER!!! Very well done! Thank you!

[@AccountingStuff]

Cheers!

[@jamesdot87]

Mind blown on how simply this was explained and easy to understand compared to the last 50 hr long videos that left me even MORE confused 😊😂....thanks brother

[@AccountingStuff]

No problem, glad to hear that the video helped!

[@junioreli]

I just started my accounting classes and due to my professor sending me a wrong file telling me my classes where online at a different date, I missed my actual first accounting class. I was lost on what equity meant, my professor did not explained it this way on my second class this week which I did went.. I was soooo confused. Not anymore thanks to this video. I appreciate it. You have a new follower now, and gave it a like. THANK YOU

[@AccountingStuff]

Great to have you on board! I'm glad to hear it's making sense :)

[@auradeez1]

James, you are such a LEGEND!! This is my first year at uni and I can confirm you have saved my life with your accounting videos. Our lectures were too complex and boring but you've managed to cover up everything in a couple of videos! I finally have some confidence to pass my exams tomorrow; and for that, I cannot thank you enough man!

[@AccountingStuff]

Apologies for my late reply! How did your exam go?

[@auradeez1]

@@AccountingStuff Oh no worries!! It was actually okay, not perfect but it went better than expected. Once again I appreciate you!

[@AccountingStuff]

​@@auradeez1 Hope you get the mark that you're after! All the best :)

[@floppa1_2_3]

a simple and clear explanation, perfect

[@AccountingStuff]

Thanks! Glad you enjoyed it :)

[@mementomori1723]

What a brilliant teacher! Thanks for bringing light to this topic.

[@AccountingStuff]

Thanks Lousie, hope it helps!

[@misspetitedolly]

I cannot express how helpful this was, thank you!

[@AccountingStuff]

You're very welcome :)

[@infoninjaz5336]

You are a genius man! I had been reading and re-reading 25 pages of my basic accounting chapter! Damn, you made it so clear in 1 video! Thank you tons!

[@AccountingStuff]

No worries, glad to hear it's making sense!

[@jackieramirez7158]

I just want to say that I just started my first semester in BUS and this semester I have to take accounting. With COVID, school has been so much harder. Online school is not working for me, especially if I'm learning something new. My professor is not good at explaining the material, he just reads off the powerpoint slides but I still have questions. I thank God I came across your videos because I really like how you explain things and how you make it so easy to understand! Thank you so much!

[@AccountingStuff]

Hey Jackie! This a tough year that's for sure. All the best with your studies :)

[@mariangely9546]

I’m a registered nurse changing careers, I’m not even an accounting major yet but looking through these videos has helped me understand so many key concepts! Definitely feel more prepared for when I start my accounting program

[@AccountingStuff]

That's great to hear, all the best with it!

[@rebeccaw5516]

Thank you so much for the one by one explanation. The equity is the hardest part of my job. Thanks again for your help!!!!

[@AccountingStuff]

No problem!

[@twokind7801]

I'm an older guy and most of my life I was keep blinded about these important things for life but my eyes are now open thank you for moving to Canada James

[@AccountingStuff]

Cheers Tony, happy to be here!

[@geofreytenga7082]

wow equity have never been made easier to understand than this... you are the best

[@AccountingStuff]

Happy to help!

[@viktoria7212]

My professor only supplies me with a textbook and doesn't really teach during lectures, so it's hard for me to learn as I am a visual learner... Thank you so much for explaining this thoroughly.

[@verenaschweizer8148]

just in my first year of finaces and this channel is absolutely life saving!!! Thanks for your amazing videos

[@AccountingStuff]

No problem, all the best with your studies!

[@ekwinix]

Boom! That last slide at the end bringing it all together!! Well done.

[@AccountingStuff]

Thanks John!

[@SergiuM42]

Love your channel. You take rather complex concepts and break them down into easy to understand ways.