This one is a beast! But I didn't want to skip any steps in calculating Cash Flow with the Direct Method because there's a lot going on in there. How did you guys find this style of learning? I like to try out new things to see what people find most effective. Big thanks to everyone who has supported the channel by subscribing! As I type this the channel is sitting at 999, so hopefully we will have 1,000 by lunch. Always appreciate your comments, so please let me know what you would like covered in future videos!
@krishnarajput82094 жыл бұрын
Bro did you do that vid on fixed assets and depreciation yet ?
@darlingtonchipumuro93803 жыл бұрын
Journal entries for company acc
@lisamccray64813 жыл бұрын
Dear James, I thought I might try to respond to your question. You are of the pedigree of Quality. This particular video, as you said, is a beast. But you slayed it. It was no match for it's maker. That said, we are not you. I was trying to hold back tears when trying to get the points you were making. People say these videos are easy in order to thank and/or impress you because you are the best in the business. Dear James, I reviewed this video several times. Some of us struggle with the concept of negative and positive numbers. It took me quite while to realize that the number on the left (or debit side) starts off (the calculation column) as a positive, while the numbers in tow are negative. And on the Credit side of things... The top number begins as a -/Negative while the numbers in tow are positive. So I almost gave up trying to realize that. When the light finally came on, oh what a relief. Though it took me forever to realize this, without you and your descriptions and T account illustrations, how would I have ever realized it? So, as difficult as I personally found this concept, initially, because YOU were the instructor, I kept at it. You pride yourself on the vocabulary words you've chosen; an "old school" thing. Back when a vocabulary word was "from the Latin this or that." So my eyeballs bled as I focused on those words of yours until I understood your point. IJS. Again, it's like you said, enjoying a classic book. You are a "different person" at the end of a great book. I feel that way whenever I finally learn from your teaching. This stuff is not easy. It's compressed. But, thanks to you, it is at least at the top of the hill. I now have to go up there and get it. Did you see Kong Fu Panda? Stairs. Well, anyway, I've got it now. It's a warm and fuzzy feeling. Otherwise known as gratitude.
@AccountingStuff3 жыл бұрын
@@lisamccray6481 Thanks for your kind words! I'm so happy to hear that it's clicking for you. All the best :)
@المحاسبخبرة3 жыл бұрын
برجاء ادعمنى بالاشتراك وشكرا لحضرتك
@hounamao71404 жыл бұрын
Finally a video that explains HOW to make the statement and not WHAT the statement is, it was so hard to find yet it is such a basic thing.. Thank you!
@AccountingStuff4 жыл бұрын
No worries Houna!
@jeffmaxwell53504 жыл бұрын
I'm a high school business teacher, and these videos help me so much when I'm teaching accounting. Thank you, James. These're great.
@AccountingStuff4 жыл бұрын
No problem Jeff, that's great to hear!
@wiserabota80144 жыл бұрын
Me too. This will be of great help to my students. Thanks a lot.
@Dgaf0018 ай бұрын
I'm impressed with you sir. You care enough about your students to learn creative ways to help them understand what you teach! Bravo!
@xianxiong34407 ай бұрын
high school teaches accounting now?
@tiff-joyce3 ай бұрын
@@xianxiong3440 maybe it depends on the country. In my country,Kenya, it is taught in high school.
@libertejayez7063 жыл бұрын
You are just a live saver, I am a first-year student in a business school and I wish I had an accounting teacher like you. Your videos are amazing and so easy to understand I just bought all you cheat sheet. Thank you so muuchh
@AccountingStuff3 жыл бұрын
Thanks for your support! All the best with your studies :)
@bookswithisha Жыл бұрын
Hey, I will be starting my studies in Canada next month can you suggest me an accounting book that I can start practicing now, as I have plenty of tie left.
@user-aymanzone4 жыл бұрын
Best Thing Ever: I didn't understand how T-Accounts were used in this example but thanks for video about Debits vs. Credits explaining source vs destination and it becomes very clear. This channel deserves way more subs
@AccountingStuff4 жыл бұрын
Cheers Ayman! Great to hear it's clicking for you
@ABC-jq7ve3 жыл бұрын
I really appreciate the artistry that goes into your videos (the beautiful handwritten visuals, the sound effects, it's amazing). So much dedication to visual/sensory interest. You are a talented man.
@AccountingStuff3 жыл бұрын
Thanks for your kind words!
@RajatSrivastava195935 жыл бұрын
you need to do some marketing for your videos. Your videos are the best I have found on the youtube and are better that what is given in CFA books. The views need to go up.. Thanks a ton
@AccountingStuff5 жыл бұрын
Thanks Rajat! I would love to spend more time marketing the videos but I don't have enough time. Cheers for the support, I appreciate it.
@المحاسبخبرة3 жыл бұрын
برجاء ادعمنى بالاشتراك وشكرا لحضرتك
@nadiab.88695 жыл бұрын
I came here for info about the cash flow statement and ending up staying longer than I expected because of the charming young man in the video! Oupsie!
@AccountingStuff5 жыл бұрын
Haha, thanks you are too kind!
@blackm90633 жыл бұрын
10 out of 10 explanation for the cash flow. The best person to listen to explaining such topic.
@AccountingStuff3 жыл бұрын
Thanks Mohamed!
@WhoHasSoul3 жыл бұрын
Best KZbin channel about accounting. Clear, informative, no water!
@AccountingStuff3 жыл бұрын
Thanks Irene!
@robsessedddxoxo5 жыл бұрын
Woah this video needs way more views! Thanks for saving me for my finals!!
@AccountingStuff5 жыл бұрын
Cheers, glad to hear it helped with your exams. Hope they went well!
@btodtenhoefer4 жыл бұрын
Just found these videos, studying to finish my degree, and oh man they are helping so many different concepts click for me. Thank you so much man!
@AccountingStuff4 жыл бұрын
No worries, all the best with finishing your course!
@timtam92315 жыл бұрын
OMG! I have to say this video is awesome and so easy to understand since the way you explain this concept makes me feel excited instead of falling asleep like I normally do when listening to my lecturer. Thank you so so much. I feel much more confident about my final exam in the next 3 weeks
@AccountingStuff5 жыл бұрын
Glad to hear that it makes sense. Good luck in your exam!!
@helenday50315 жыл бұрын
Lovely clearly presented, well-paced lesson which helped me understand it much better than my text book, which was beginning to feel like being forced to read a mass of terrible small print which didn't help at all (and it felt like the author wasn't actually TRYING to explain it, it was more like a list of words). Thank you so much for explaining so clearly how one can use T accounts to work out cash flows, you're an angel, it's brilliant. I'm 63 now and during a lifetime have had experience of good and bad teachers and if there was a Teachers' Walk of Fame, I would nominate the presenter of this video to put his hand print somewhere on that walk.
@AccountingStuff5 жыл бұрын
Thanks for the kind words Helen!!
@harietam31945 жыл бұрын
THANK YOU SO MUCH!!!! I have an accounting exam next week and this is my first time ever doing the subject (Im in my first year of college) and jeez its so hard finding quality videos like this, your video was so much help compared to what my coordinator taught us!
@AccountingStuff5 жыл бұрын
No worries Harieta, good luck for your exam!
@ethan-zq6kx10 ай бұрын
Why it is so hard for me to understand this :(
@christinachampion86782 жыл бұрын
The best Instruction on how to prepare a Cash Flow Statement. The best I have ever seen. Thanks a million for helping to increase my understanding and eliminate the confusion. None of my instructors in the university, explained Cash Flow Preparations this well. You're awesome! James. Thanks!
@nikhilpawath3 жыл бұрын
Your are an amazing teacher.
@AccountingStuff3 жыл бұрын
Thanks Antony :)
@mimichooo5 жыл бұрын
learning accounting from your videos, watching it one by one. the best! thanks!
@AccountingStuff5 жыл бұрын
Hey Sophia, that's awesome to hear. Best of luck!
@elenacapulong97665 жыл бұрын
Thanks very much for this detailed, simplest and easiest explanation of the direct method! You are awesome!
@AccountingStuff5 жыл бұрын
You are very welcome! Hope it helps!!
@md.mahmudulhasan7482 жыл бұрын
No one explained like you before. Thank You.
@ThinkForward02 жыл бұрын
in my exam there was an entry called income before tax. There was other entries that we have to use to make a direct cash flow statement. I didn't know where to put it so I didn't include it at all. Was I correct please help!!
@jcc6444 жыл бұрын
Amazing teaching style! Very clear and easy to understand. Makes a dull subject very entertaining!
@AccountingStuff4 жыл бұрын
Cheers buddy
@smritiiparajuli17233 жыл бұрын
How could someone dislike this video🙄 Great video sir..very helpful..much love.
@nathanarant11383 жыл бұрын
THANK YOU FOR MAKING THIS VIDEO. As a business operator, I was frustrated by the uselessness of the indirect cashflow statement that my software generated. Now I understand why. The direct cashflow statement is the one that I so badly want!
@MichaelCravith10 ай бұрын
I don't know if you'll see this, but I wanted to thank you anyway. I studied business accounting when I was in college, but I ended up making a career in a different field, so it's been years since I've done anything with that knowledge. Recently, I've wanted to give myself a recap as a just-in-case. Not only did so much of what you talked about in this and the previous video bring back what I learned quicker than I thought it would, but the way you explain things is so clear that I remember how I first learned some of it, like inventory, and wonder how I struggled with it the first time. You and your channel are a gem. I hope you continue to find success.
@AccountingStuff10 ай бұрын
Hey Michael, thanks it's great to hear that you're finding these videos helpful
@collinskibet29923 жыл бұрын
Your work is amazing 😍, you are better than My accounting lecturer. James could you please consider including share capital in preparation for the cfs.
@AccountingStuff3 жыл бұрын
Thanks for your request!
@collinskibet29923 жыл бұрын
@@AccountingStuff waiting for that video James
@CountessDraculaBlueSky5 жыл бұрын
Why the hell did i just found this video? This is like the most useful for people like me who needs a step by step calculation to understand. Thank you so much for this. I have a cash flow statement project due tomorrow.
@AccountingStuff5 жыл бұрын
Good luck for your project! Hope you smash it!!
@CountessDraculaBlueSky5 жыл бұрын
@@AccountingStuff thank you so much
@alejguz15523 жыл бұрын
I've been struggling to understand this for a couple of hours and after watching your video everything clicked! Thanks!!
@AccountingStuff3 жыл бұрын
Great to hear it's making sense!!
@zibuko_productions4 ай бұрын
Best cash flow explanation ever.
@AccountingStuff4 ай бұрын
Thanks!
@mtfiji09 Жыл бұрын
You just made my understanding of this method alot more understandable for my homework.....TY so much!!
@AccountingStuff Жыл бұрын
Happy to help!
@sinjynbunge84873 жыл бұрын
You make learning accounting so fun and interesting! I was thinking of dropping this module for second year of university but you make me second guess that - accounting seems so cool when you teach it!
@AccountingStuff3 жыл бұрын
You've got this!
@wjaao4 жыл бұрын
no text books or online education website can do better than he does! Thank you for this great video
@AccountingStuff4 жыл бұрын
Thanks for your kind words!
@marcuss30635 жыл бұрын
Excellent video! Absolutely loved how you succinctly covered what my professor in university took 3 hours to do (and was still unclear about it, thus I am here)! Also appreciate all the attention to detail in the little things like sound and editing. Thank you!
@AccountingStuff5 жыл бұрын
Thanks Marcus! I'm glad to hear that the video helped :)
@annieguo15955 жыл бұрын
This is so helpful!! You can explained it way better than both my textbook and lecturer did! Subscribed :)
@AccountingStuff5 жыл бұрын
Thanks Annie, great to have you on board!!
@theapplekid134 жыл бұрын
Studying for my Intermediate Accounting Exam and this video has been more useful than my textbook. Would appreciate if you could make a video about calculating Earnings per share ( Basic/Diluted)
@AccountingStuff4 жыл бұрын
Thanks Dami, I'm glad you found it helpful! Cheers for your suggestion
@lasagne71 Жыл бұрын
Thanks for the vid, simple yet concise. A life saver. At 1st i was confused, b/f and c/f are on the same side, for me c/f is a balancing figure to balance out the account
@abdulhadiashrafi1342 Жыл бұрын
This is the best cash flow direct method video ever. It really helped me for my exam. Great work James. Thank you so much. 👍
@vtrofimova3 жыл бұрын
Thank you so much, James! I'm 34 and in a program that lets non-accounting majors get a masters in accounting .... so they throw us straight into intermediate in our first semester! Our class videos demonstrate the direct method by using a mega excel spreadsheet that doesn't fit on screen and just has numbers and words everywhere, it makes my eyes glaze over and I can't follow where the numbers are coming from and what we're adding and subtracting in the columns as we move around this spreadsheet. Your video explains the concepts clearly and in 1/3 of the time. Thank you so much.
@AccountingStuff3 жыл бұрын
No worries Veeka! That spreadsheet scares me and I haven't even seen it. All the best with your studies
@minhannah80322 жыл бұрын
Gosh I appreciate you so much for taking times to make these videos.
@joycekang43433 жыл бұрын
tqq i just learn cashflow in 1 hour by watching all ur vids!!! its so helpful
@AccountingStuff3 жыл бұрын
Glad it's making sense :)
@ThyInfamousAssassin5 жыл бұрын
You sir are a life saver, thank you so much!
@AccountingStuff5 жыл бұрын
No worries :)
@adrianhearle20765 жыл бұрын
the example really helps and very clear - well done
@AccountingStuff5 жыл бұрын
Thanks Adrian!
@mikiri392711 ай бұрын
Man, you explain better than my teacher. Tysm!
@AccountingStuff11 ай бұрын
No problem, hope it helped!
@morpheus42415 жыл бұрын
Thank you! Big help for me, tomorrow is our examination and this summarized it all!
@AccountingStuff5 жыл бұрын
Good luck!!
@wandilendayini23194 жыл бұрын
THANK YOU JAMES, ACCOUNTING YOU SAVE MY LIFE
@AccountingStuff4 жыл бұрын
No problem Wandile :)
@sodabaniazi49735 жыл бұрын
Thank you so much for the detailed explanation. I was looking for direct method with t-accounts calculation and I finally found it.
@AccountingStuff5 жыл бұрын
Hey Sodaba, you are very welcome. I hope you found it helpful!
@sodabaniazi49735 жыл бұрын
@@AccountingStuff Thank you for the quick reply. Can you make a video on gain/loss on equipment with the help of t-accounts? I am struggling on how to get the cash amount when equipment, , accumulated deprecation and given loss/gain amount is given in the question.
@tinamkhize45185 жыл бұрын
@@sodabaniazi4973 thank you for this...please do one example that needs expenses adjustments like depreciation, profit on sale of asset and finance costs in the "cash paid to suppliers"
@sergiob28503 жыл бұрын
Thank you so much! I'm watching videos from my lecturer the whole day now and didn't get it... Now I understand it! Thanks
@AccountingStuff3 жыл бұрын
Great to hear it's making sense :)
@chloeaw58525 жыл бұрын
Your illustrations are marvelous, alongside the simplified steps. Well done.
@AccountingStuff5 жыл бұрын
Cheers Chloe!
@seisopheapanya75283 жыл бұрын
Thanks a lot, Sir. Appreciated your devotion in helping us catch these things well.
@Dilettax2 жыл бұрын
Ti amo! Thank you so much for explaining it that way, you’re amazing and you saved me! I watched all the ads hoping It’ll be helpful♥️
@andininurul6094 жыл бұрын
Thank you so much for making this video! 👍❤️
@AccountingStuff4 жыл бұрын
You're most welcome
@tamerakkad91298 ай бұрын
Your videos are very helpful. Thanks 😊
@AccountingStuff8 ай бұрын
Thanks, that's great to hear :)
@heatherk96293 жыл бұрын
Thank you for your videos! They are so helpful.
@AccountingStuff3 жыл бұрын
Cheers Heather, all the best!
@Seaspray1274 жыл бұрын
I am an accounting student. Thank you for the step by step explanation. I'm going to try the question on the quiz again.
@AccountingStuff4 жыл бұрын
Good luck with the question!
@roycevo46962 жыл бұрын
Thank you James, you have made Accounting makes sense!
@carlosvidaurre73293 жыл бұрын
Awesome explanation! Thank you so much
@AccountingStuff3 жыл бұрын
Cheers Carlos, you're welcome :)
@chill_lele2 жыл бұрын
This video literally saved me!!! You made this super easy to follow and to apply. Thank you for being amazing!!!
@AccountingStuff2 жыл бұрын
Glad it helped!
@shihabisa71083 жыл бұрын
Thanks so much mate! You are so much better than my teacher.
@AccountingStuff3 жыл бұрын
Cheers for your kind words!
@hainguyen6664 жыл бұрын
Many tks with the instruction to prepare Cash flow statement One of the best channels for Accounting
@AccountingStuff4 жыл бұрын
Thanks!
@hainguyen6664 жыл бұрын
@@AccountingStuff i have a suggestion that you can do more about this, for example: IFRS, GAAP, Auditing,... Many thanks :)
@AccountingStuff4 жыл бұрын
@@hainguyen666 Thanks for your suggestions!
@willsze12424 жыл бұрын
Clear and easy way to learn the cash flow , much appreciated your afford ! 🤜
@AccountingStuff4 жыл бұрын
Awesome, glad it's making sense
@shenggu61142 жыл бұрын
Hi James, I have a question about balance carried down , balance brought down. From what I was told, balance brought down is the opening balance derived from the last accounting period. Balance carried down is the closing balance calculated in the end of current accounting period. But in your video, you said the opening balance is the balance brought forward from last accounting period. It is exactly the opposite! Which one is correct? I get so confused now. Help me please
@portiafielies49764 жыл бұрын
hallo James, thank you for this video, your videos are helping me a great deal with my studies ..you have no idea how grateful i am to you for doing this
@AccountingStuff4 жыл бұрын
All good, I'm happy to help :)
@rekekamsalu49014 ай бұрын
Thank you is understatement !!!!
@AccountingStuff4 ай бұрын
You're welcome :)
@임승주-f6d4 жыл бұрын
I’ve seen all of your videos. This is really helpful! Thank you James
@AccountingStuff4 жыл бұрын
Cheers, hope you're finding them helpful!
@Vivek12121212123 жыл бұрын
Your videos have an impactful learning .. thanks
@AccountingStuff3 жыл бұрын
Cheers Vivek!
@banushaudhayakumar93992 жыл бұрын
Would like to thank you for. Making this complicated thoughts for minute one
@ThinkForward02 жыл бұрын
in my exam there was an entry called income before tax. There was other entries that we have to use to make a direct cash flow statement. I didn't know where to put it so I didn't include it at all. Was I correct please help!!
@ivancarlson9534 жыл бұрын
another way to think of it is, for the purposes of computing the cash flow statement, excluding the cash account, any debit to a balance sheet account is a cash outflow, and any credit to a balance sheet account is a cash inflow - think about it.
@parmoksha2 ай бұрын
I watched last 2 videos on direct methods 3-4 times. understood 60-70% . they are toughest video in accounting playlist so far.
@parmoksha2 ай бұрын
i think problem was that you directly went to example. You should have first explained concept
@AccountingStuff2 ай бұрын
Thanks for your feedback! I have made an updated version of this video which you can find here: kzbin.info/www/bejne/epq5gXSgnNKhoJI
@md.abdurrob82294 жыл бұрын
Really so much helpful videos.. It builds stronger surface of understanding..
@AccountingStuff4 жыл бұрын
Cheers, great to hear you're finding these useful!
@davidcolecontreras37594 жыл бұрын
Your videos are very helpfull keep doing what you're doing
@AccountingStuff4 жыл бұрын
Cheers David! Will do :)
@shellongarner6523 жыл бұрын
This video has just helped me so much. Thank you
@AccountingStuff3 жыл бұрын
Cheers, glad you're finding it useful!
@lesicarew3106 Жыл бұрын
you just got a new subscriber
@masempiregroup67532 жыл бұрын
we will share to some others so they can learn
@AccountingStuff2 жыл бұрын
Thanks, that's very kind of you!
@alishokrpour61802 жыл бұрын
I wish you were my accounting teacher in my university
@Arexsis5 жыл бұрын
Mate, this is beautiful. I'm using this to relearn some stuff for my 3rd yr acct class - so this can be a bit slow sometimes - but overall this is a huge help. Wondering if you'll go into more complex stuff ( like maybe 3rd year acct stuff ;] ). Thanks, and cheers
@AccountingStuff5 жыл бұрын
Thanks Arexsis, I'm open to the idea of doing more complex topics but I wanted to cover the basics to begin with. Is there anything in particular that you'd like to see?
@Arexsis5 жыл бұрын
Just starting Third-year stuff, so we just did some Second-year review and have moved onto cash flows (hence why I'm here ;)). Stuff like prepaid rent was tricky for a couple of us as we had to credit prepaid rent with the rent expense - which at first seemed weird to us because we figured if you were paying cash (aka expensing it) you'd be putting that cash into the prepaid. Obviously wrong now that we got things to balance. Long story short, I don't know yet, but I'm sure I'll have a better answer as the weeks go on. If there are more advanced topics on cash flows I'd be down to see it now as I'm sure it'll be relevant soon haha.
@AccountingStuff5 жыл бұрын
@@Arexsis Cheers for getting back to me, I appreciate the feedback. Yeah prepaid rent is a tricky one, that's for sure. I want to make videos covering all these kind of topics but it'll take a while because there is a lot to cover. All the best for your third year, I'm sure you'll ace it!
@StllrChick5 жыл бұрын
I watched it on 1.25x speed and it was the right pace for me. I could understand speaking slowly for beginners that need the pace to be slower.
@fatimahazam29384 жыл бұрын
Hi James, I would say so far Cash flow statements is the trickiest for me. Could you make a video to show more examples please such as how to account for gains/losses on PPE. And brief explanation of some of the jargon as you along. Big thank you for all your videos so far :D
@AccountingStuff4 жыл бұрын
Thanks for your suggestions!
@deathknight024 жыл бұрын
SO FEAKING HELPFUL!!!!!
@gauravrai57845 жыл бұрын
Sir you are great im a charterd accontancy student and i love the way you teach😍😍😍
@gauravrai57845 жыл бұрын
Im from india
@AccountingStuff5 жыл бұрын
Thanks mate! Glad you're enjoying these
@nachecrunche2 жыл бұрын
Thank you for that explanation I've just subscribe to your channel.
@deathknight024 жыл бұрын
You helped out so much with this video
@AccountingStuff4 жыл бұрын
Glad it's making sense!
@shiny_19 Жыл бұрын
Thank you so much!! I have a small doubt, on what basis did you assume purchase of PPE to be 70000? Can someone please clear this doubt?
@squirtle99905 жыл бұрын
Very well explained compared to other videos. Thanks
@AccountingStuff5 жыл бұрын
Cheers!
@anushaji23615 жыл бұрын
Thank you very much for this detailed video
@AccountingStuff5 жыл бұрын
Cheers Anu!
@aristojuan79264 жыл бұрын
Best explanation ever, thank you sir!
@AccountingStuff4 жыл бұрын
Glad you found it useful!
@DanielDuhon15 күн бұрын
At 6:05, it would help greatly to include the arithmetic signs you used to get that. It’s not -42 less 80 less 30, it’s (-42) + 80 + 30, MUCH different interpretation from a math perspective. Otherwise, this really helped! Edit: I understand actually, it’s really (-42) - (-80) - (-30), got it now
@kaileenackerman9069 Жыл бұрын
I'm a little over halfway through! Your videos have been very helpful, so thank you so much!! I understand most of this, but am getting confused by what's being added or subtracted. I keep rewatching the first portion of the T-Accounts going over Accounts Receivable. I get that if we make revenue the A/R increases, but why are we putting sales on the left-hand side vs on the right-hand side as it is a credit and the same with cash receipts?
@yongjiancao68634 жыл бұрын
It is so clear how to build a cash flow statement.
@AccountingStuff4 жыл бұрын
Glad to hear it!
@Mewier4 жыл бұрын
3:33 I'm not quite sure why "Sales" is included here, and why the equation ends up being equal to "Cash receipts from customers". As I've understood it, Accounts Receivable is money that's going to paid to you, but hasn't been just yet. But "Sales" and "Cash Receipts" could be money that has already been paid? I've been thinking about it for a few days but I can't seem to wrap my head around it. Maybe I'm misunderstanding what it is we're trying to do. Huge thanks for these videos. Trying to make my way through the Basics for Beginners playlist. 🙌🏻
@phinx4004 жыл бұрын
I have the same question! Unless none of the customers have paid Chudley Cannons I don't understand why sales is there.
@phinx4004 жыл бұрын
Ohhh I figured it out. So sales includes all cash received or receivable, right? We solve for the portion of sales that have been received (Cash Receipts). Assume that nothing has been paid for the year, then accounts receivable would be all of the sales from this year ($250), plus the balance carried forward from last year ($98). The total accounts receivable would then be $98 + $250 = $348. However we know this isn't the case because our ending balance is only $120, so some of the accounts receivable must have been paid. If we take the difference ($348 - $120) we are left with how much was paid in this period, or "cash receipts" of $228.
@stephenshapiro84044 жыл бұрын
I was dealing with the same nose splitter. Thanks for articulating :) .
@suryaprabakaran65074 жыл бұрын
@@phinx400 Thanks for the explanation bro. I too got confused with this one
@yuyafujikawa17292 жыл бұрын
@@phinx400 Thanks for the explanation!
@deepama23425 жыл бұрын
Well, second one to like the video.... Again! A great video!!!!😄😁👍
@AccountingStuff5 жыл бұрын
Haha, thanks... I'll give you a heads up next time!
@deepama23425 жыл бұрын
@@AccountingStuff thx a lot 🙃👍
@AccountingStuff5 жыл бұрын
@@deepama2342 no worries 👍
@jayveecriss80355 жыл бұрын
You're my inspiration.
@AccountingStuff5 жыл бұрын
Haha, thanks Tiffany!
@chandrahasd9104 Жыл бұрын
You are the best
@newschannel37944 жыл бұрын
Buddy your videos are awesome it's very helpful 🔥
@AccountingStuff4 жыл бұрын
Cheers Deepak!
@curiousmind43812 жыл бұрын
Salute to you!!!
@roshanghadigaonkar82675 жыл бұрын
Thanks bro.. it's really helpful ❤️🙌
@AccountingStuff5 жыл бұрын
Cheers Roshan! Great to hear that you're finding the video useful
@philaniwelcome72495 жыл бұрын
Perfect, thank you very much
@AccountingStuff5 жыл бұрын
You are very welcome :)
@user-vh1gc1ct6z4 жыл бұрын
You are getting appreciations from everywhere but this is going to be most wierd one my family is full of finance related professionals but i wanted to study higher level mathematics and so i used to get delineated from my studies (for C. A. ) and as a consequence i used to loose interest in this course and often found myself into this dilemma that whether i should study it or not but the way you post videos it makes accounting more interesting to me
@AccountingStuff4 жыл бұрын
Hey Akarshit, it's great to hear that you're becoming more interested in accounting. Good luck in your studies!
@user-vh1gc1ct6z4 жыл бұрын
@@AccountingStuff thanks :)
@IfunanyaE.3 жыл бұрын
Thanks James. Your explanations are so friendly. Please can u explain the difference between Flow of Funds Analysis and Concept of Cash Flow
@AccountingStuff3 жыл бұрын
Thanks for your requests!
@bobbyliu93283 жыл бұрын
thanks for your sharing. It's awesome.
@AccountingStuff3 жыл бұрын
No problem :)
@bobbyliu93283 жыл бұрын
@@AccountingStuff Thanks for your sharing. Would you mind to introudce how to prepare BAS? Like GST, PAYG withholding, PAYG income tax instalment and FBT instalment.
@AccountingStuff3 жыл бұрын
@@bobbyliu9328 Cheers for your suggestion!
@aramiqbaldesai8343 жыл бұрын
hello, is there a detailed video on investing and financing activities ( Cash Flow Statement). If not, can you please make one, your videos are a life saver!!! So thorough and easy to grasp!!! Thank you
@AccountingStuff3 жыл бұрын
Thanks for your request!
@mohammedrafeeq86464 жыл бұрын
Best teaching
@AccountingStuff4 жыл бұрын
Thanks buddy
@helio36302 жыл бұрын
12:42 Why can't you just simply use the equation: cash paid to suppliers = cost of goods sold + increase in inventory + increase in accounts payable. Following it you do: 60 + 26 -10 = 76 cash paid to suppliers. This seems far quicker.