Cash vs Accrual Accounting Explained With A Story

[@LeilaGharani]

Get access to the complete "Fundamentals of Financial Analysis" course here 👉 www.xelplus.com/course/learn-financial-analysis/

[@WOOF95]

Great presentation!

[@mohammedalkaff1506]

I cannot wait for the coming video!

[@BTFOOMNY]

I answered a couple of comments below, but based on the subject matter, I think the rest of your viewers could benefit from you doing a complete presentation on each. Equipment leases: The distinction between an operating lease and a purchase lease is extremely important, and the accounting entries are completely different. Inventory methods: LIFO, FIFO, Specific Identification and Weighted Average. It's a very complex subject. There is a fifth method we accountants joking refer to as FISH (First In Still HERE) We are easily amused. LOL For years I have told people that many of our clients are not-for-profit businesses. Most of them don't want to be, but they are just not good business people. LOL Keep up the good work.

[@alialaalihassan]

Great Leila well presented

[@pooriafarokhianIRAN]

It was great and free, I pay for my online course and I didn't understand until I watched this video. Thanks in advanced

[@hornetcapitalfund]

I appreciate the slow and well-detailed video. The story helps a bunch for the visual type learners. Great Job!

[@LeilaGharani]

I'm glad you find video helpful.

[@wsrenterprisesinternationa6216]

Yes, us visual learners really appreciate this video. I loved the diagrams and illustrations, I caught on much quicker. - Wellington S. Ramsey

[@meatballer1087]

these online classes have been kicking my butt, thank you for the help!

[@naplaysyt7761]

haha to be honest that's the same reason I am here...

[@erwin5668]

I have an exam midterm for accounting tomorrow, this was really helpful. Our class accounting book from my professor explains these methods too deeply and I lose focus therefore never learning properly. This video made the concepts easy and intuitive. Just subscribed, going to be watching more videos here.

[@LeilaGharani]

Glad it was helpful!

[@razehal-shawea5191]

I just started working in a bank, over a month give or take.... This actually helped me a lot. thanks Leila. BTW, your name is so lovely.

[@ferenkehkoroma8171]

Your deserved my respect Leila for simplify this old time concept. The accrual basis will not be in line with taxation principles.

[@ktprince2007]

this video is so much more effective than my textbook!

[@financial_doctor]

Are you also commerce student?

[@axolilekopman2065]

Wow, I wish I watched this when I was still doing my degree Leila, this was so simple, concise, and very informative.

[@yours.trustworthy]

Simple yet thorough explanation to this confusing topic. Thanks a ton. I think, you work in team... you can introduce teammates sometime. Keep up this Great Work !!!

[@n750il]

Excellent presentation. I really appreciate the restraint in stock video use and not editing out pauses.

[@LeilaGharani]

Glad you enjoyed it!

[@anthonykellerman2542]

Thank you for this video, Really helped with my accounting class. I understand concepts but I like to know the why of things and you broke that down perfectly for me.

[@yonatanteshome4701]

I have an exam in 2 hers and this vid helped me better understand the concept, thanks

[@derinsider3438]

@Leila..Many thanks. You explained a complex concept in plain English, making it easy to understand.😊

[@AlexVoxel]

Great explanation, first time I truly understand it. Thank you!

[@LeilaGharani]

You are welcome!

[@mohiadinhassanshismail8330]

Thank you. Before now i was confused how revenue is earned. Really anxiety, but now flexible. Thanks.

[@shawnsweetonmoras6856]

I started love learning accounts after watching your videos

[@oliviahope3728]

This is SO helpful. Love that you tell a story with it - I will always remember now :)) Thank you!

[@LeilaGharani]

You are so welcome, Olivia!

[@samonelly4813]

Ty queen. My instructor doesnt go over the logic behind this stuff at all

[@baburamalingam4574]

Explained clearly the difference between Cash Accounting and Accrual Accounting. I will be able to resonate well if someone uses these terminologies. Thank you so much!!

[@LeilaGharani]

Glad it was helpful!

[@MYTHOMINHTRAN]

Learning accounting from the college and got a job at many different banks, working in accounting (Buchhaltung, Switzerland) , I have not had any chance to apply knowledge from the school, IBM had been taken and done fortunately! As a retiree now I want to bring back memory by going back to school as a senior. Your videos are a big helper. Appreciate very much La signora Leila!

[@LeilaGharani]

It's inspiring you're still dedicated to learning. Glad our videos can help you along your journey.

[@va07]

So simple and clear explanation. Great job, thank you!

[@LeilaGharani]

Glad you enjoyed it!

[@Betterifitsfree]

A quick and concise overview of the first 2 weeks of college intermediate accounting class. Often a confusing and intricate principle for most students. Who would've thought that it would described so clearly in 11:00min. by the the Microsoft Excel Queen herself? Not suprised. Great job👍

[@LeilaGharani]

Glad you liked it. Thanks for the kind feedback :)

[@twintowersmedia6274]

Great job! Very helpful in making a couple of decisions. Thanks!

[@LeilaGharani]

My pleasure, glad you like.

[@danielschmidt9276]

Awesome videos. My Accounting class at the University had been difficult but not so much now because of your videos. Thank you soooo much! Dan Schmidt, Oshkosh, Wisconsin.

[@seymagulnihalyildiz6488]

you are the BEST TEACHER! everything great about this video, content, your style of telling, graphics, with this way its fun to understand, thank you

[@kellyvenesky2442]

I just started my accounting class and this has been very helpful. Thanks for explaining in detail . I look forward to watching more videos .

[@LeilaGharani]

You're very welcome!

[@ITB108]

I appreciate the simplicity and detailed video. Thank you.

[@longitude74e]

Ur voice is mesmerizing.... I just see ur videos to hear u.. no metter what u teach.. plz keep uploading videos..

[@somyaprasad5086]

Thank you so much. You have explained in simple words which we can understand as understanding of finance is difficult for layman. Thanks alot. Keep posted more videos

[@ShWBOA]

I really like how you explained all of that. Hope you can produce more videos like this🥺. It would really help accountancy students🥰🥰

[@yumnariyas1806]

This is so beautifully explained thankyou❤️

[@pankakemix99]

fiery and passionate presentation of accounting, Leila

[@Duc29301]

I really enjoy learning the basic accounting concepts presented in this video and other videos that you had posted. Your presentation is very clear, precise, and easy to follow. On top of that your graceful mannerism and your voice are very pleasantly heard and watched. Thank You for making these great videos.

[@LeilaGharani]

My pleasure. Glad you enjoyed the videos!

[@AccountingZerotoHero]

We appreciate all these lessons! You served as my inspiration for all my videos!

[@LeilaGharani]

Glad I could inspire you!

[@deepvyas3972]

Very nice explanation... I am from India, Asian so my English is very poor but you explain very nicely... Example realy help to know concept / difference... Thanking you

[@firstreviewer8966]

I am thanking you for your assistance with my accounting class. Your video is very well done, again my thanks, FR

[@LeilaGharani]

It's my pleasure.

[@papa007007]

Thank You! Thank You! Thank You! Thank You! Thank You! Thank You!!!!!!!!!! Now,.... I understand! You're the Best!

[@LeilaGharani]

You're welcome!

[@vam777]

Thank God i found this channel..😊😊😊😇

[@LeilaGharani]

Welcome!

[@Ryou234r]

A lesson a day from Leila Gharani keeps the book away. I learned something today. Thanks.

[@LeilaGharani]

Haha. I hope it was helpful.

[@SlickMK2]

this is so much more informative than my text book

[@worldmathernature4722]

i am a beginner. never did accounting in the past. learning from you. one thing for your kind consideration ------ 6.25 second (100 plates for 1 each 0 -100)? thank you Madam

[@mariostudio7]

I love the accounting videos! 😊 Very well explained with simple and easy-to-understand examples!

[@LeilaGharani]

Thanks! Glad you like the videos :)

[@pacificreef6391]

Thank you Leila for your explanation, You are very understandable and easier for me to absorb the topic. I hope you put more videos/lectures on accounting and business law as I am preparing for CPA Board exam.

[@anasofiasaavedraostos9111]

i was just panning to quit. until I saw this video. THANK YOU SO MUCH

[@LeilaGharani]

You're welcome!!

[@vamp9750]

i'm an accounting but somehow i just start to love accounting again thank you so much

[@LeilaGharani]

It's great to love what you do :)

[@vamp9750]

@@LeilaGharani thanks to you and God bless you

[@carsonhertler2192]

Great channel! I'll keep coming back as I continue studying accounting.

[@throopasahdew2477]

Your are an excellent pleasant voiced, well paced teacher

[@Anji9]

Thanks for your fentastic explanation to understand the difference clearly.

[@LeilaGharani]

Glad it was helpful!

[@dhirajsharma3994]

Mam I am studying in class 11. I have taken commerce and this video is helpful for me and my friend

[@luiwingkiu6583]

Such a well explained and clear video, thank you!

[@freebadinfluence6948]

These videos are really helpful i'm trying to learn as much as possible all about business before i open my own store

[@dorickaharry245]

This video of cash and accruals basis is helpful. Thanks to you.

[@MuhammadAli-vu1wk]

Can you also please explain that why cash budgets are not prepared according to accruals concept? The video was really helpful.

[@stephenm3874]

Really simple presentation of both accounting methods. I love the way you talk about painting the full picture. In 2001 I was given a primer on both methods from my newly hired accountant. Since my llc was new I adopted accrual based accounting since I was being paid weekly and I had set up costs. I was able to accelerate my depreciation expenses as well as ongoing expenditures over my first year including travel reimbursements and office carve outs. I kept detailed spreadsheets of all transactions. I set my year end book closing in August of that year. I filed over $89,000 in nine months of direct payments and realized only $15,200 in taxable income. It was a wonderful learning experience as I was willing to do the work in meticulous record keeping. I did have serious setup costs and would not have been able to survive if I did not have a wonderful account.

[@LeilaGharani]

That's great Stephen. Thanks for sharing your experience!

[@clementgavi7290]

A nice explanation. As regards IFRS, in other words, International Financial Reporting Standard, look at IAS 18 for the revenue for instance.

[@ericvega7627]

Yes, enjoyed and love this. Have you also tackled in Accounts Receivable and Accounts Payable? It will be a big help for us who wants to understand in Accounting. Thanks a lot!

[@enriquedominguez9709]

Very good explanation of the differences between both methods Leila.

[@LeilaGharani]

Glad you like it Enrique.

[@Oreocookie-fz3pg]

love how you explain everything !! i actually understand it 😅 ❤

[@darkshinigami9438]

Great job Leila, I can't wait for the next video :D

[@maliamoa1796]

Thankyou so much for the detailed help appreciate this so much!

[@StudywithSaloni]

Very nice explained ....from india ..... thanks mam

[@LeilaGharani]

My pleasure 😊

[@wayneedmondson1065]

Thanks Leila.. appreciate the good explanation of concepts. I ran into this in a business situation.. client not really understanding the difference between cash and accrual. I'll send him the link to your video.. haha!! Thanks for sharing all your knowledge. Thumbs up!

[@LeilaGharani]

Haha. Let's see if that helps :)

[@אריאלטרי]

Thank you Leila, your video is very clear and understoodable.

[@LeilaGharani]

You're welcome 😊

[@elenorfleming2756]

Hello Leila, this was very good!! Thank you! I noticed that you mentioned the COGS was the purchase of the hats and plates. COGS tend to get me turned upside down depending on the industry. As a quick rule COGS is that the expense would not be incurred without the sale. Now in some industries I'm finding some CPA that say purchasing an item to isn't always COGS. Do you have a video on COGS in detail that helps better understand the different industries?

[@antoniusevan3722]

I studied accountinf and I already forgot this term and my interviewer ask me this past time and I fail to answer. Thank you for the reminder

[@shellybrentlinger7403]

Thank you so much for these videos. The examples you give really make things easier to understand.

[@LeilaGharani]

You're very welcome, Shelly!

[@somonychan3593]

I really love this explanation. Thank you!

[@LeilaGharani]

You're very welcome!

[@namaldesilva1905]

Nicely clearly explained Leila 👍

[@LeilaGharani]

Thank you! 😃

[@lillyknopf9487]

Thank you so much! I love your videos and have been watching them for a year now. I only wish youd do videos in US dollars because it can be confusing with money i'm not used to dealing with..

[@wsrenterprisesinternationa6216]

Thank you for your video. It was very informative and to the point. By the way this is the first time I watched a video more than 2 minutes in length to the end without skipping :) - Wellington S. Ramsey

[@LeilaGharani]

Glad you enjoyed it!

[@prashantkhatri4872]

Your teaching method is really good.

[@LeilaGharani]

Glad you think so!

[@rickyleepotts]

Thank you for sharing. This was very helpful. I am eager to learn more about accounting, specifically in private clubs. I keep seeing your name pop up, and will look at your Excel course to become more proficient with that solution. I will also take notes while watching your videos and share them with my GM/COO. Who happens to be a former CFO! Thanks again, Leila.

[@anthonysedjoah8101]

Very concise and easy to understand...Thanks so much

[@jaimee842]

Good instructional video. Can you please make a video with multiple accrual entries and the reversal of them. Thanks.

[@joshuamanampiu6489]

Thanks for making this topic so easy to understand

[@8botak8]

Clear and concise, appreciated the effort

[@daphirymbai26]

It's a very helpful video..hope to see more videos from you.... thankyou thankyou thankyou very very much

[@LeilaGharani]

Most welcome 😊

[@pragashan]

Really sorry, it's skip few sec of video because of my net issue.. I got the wrong idea completely.. I downloaded and saw again. it was my mistake.. thanks again for the details video..

[@satyakishore8022]

This is helpful to understand accounting for giving examples and try to give more examples. i have one query the company had provided insurance to employees so this expense for company so they shows period wise expense for insurance. in this case accrual accounting not getting revenue and how company will shows insurance is accrual revenue

[@hussainahmad5474]

Many thanks & appreciates Mrs. Leila Very good, Nice & proffissional way of explaining and delivering the information. I really like & enjoy watching your videos 👍👍🌹

[@LeilaGharani]

Thank you! 😃

[@krn14242]

Great explanation of accounting. thanks Leila.

[@LeilaGharani]

My pleasure. Glad you like it.

[@beverleygregory]

thanks for this just trying to get my head around all this info for better anallysis of company stock

[@iAmAwesumeness]

This video was literally perfect!

[@LeilaGharani]

Thank you!

[@DavidHoughton17]

Great video ! Provisions and Accruals difference I think would be useful to do a video. Having said that, Interesting the standard for provisions covers costs of a likely event and not revenue.

[@shakiraasfoor7599]

I hope this video useful,, yes its more than useful, thank you very much for your efforts

[@LeilaGharani]

You are most welcome.

[@divyavaru2596]

Thank you for the explanation makes much easier to apply and follow.

[@LeilaGharani]

My pleasure :)

[@RobertLongM]

Animation! You're an empire. Soon you'll be on the stock market

[@LeilaGharani]

Glad you like it Robert :)

[@LennyTurner]

Thanks for the video - thoroughly enjoyed learning about this.

[@sarfarajkureshi6569]

Helpful for recover basic point in accounting

[@abby7190]

Extremely helpful and thanks for the illustration

[@LeilaGharani]

My pleasure :)

[@simoiyahector-morales3781]

Amazing tutorial, thankkkk youuuu

[@viveksharma5884]

Thank you, you are a life saver.

[@faizanyaqoob2978]

Great stuff i must say.. You should also add modified cash in it to cover everything

[@anthonyharmetz2382]

Great video! Thank you.

[@ulugbekkholiq2445]

Thank you Leila for your explanation

[@alexlee557]

Leila, so you are done with Excel finally, I am so proud of you )))

[@LeilaGharani]

Never! Just exploring a different field :)

[@alexlee557]

It could be Leila that your audience is more advanced in the field you are exploring

[@andrewmaina8422]

@@alexlee557 I wouldn't necessarily say that, foundations and simplicity is key and one would be surprised how many folks can't explain the basics of a cash flow statement, yet have been in the field for years

[@taljitmanak6578]

Thank you so much! You make it so easy to learn!

[@ismailismaili0071]

I was waiting for it thank you Ms. Leila as always for the good information

[@LeilaGharani]

Thank you Ismail.

[@kwandilemncwango6062]

Really informative! Thank you 😊

[@nokibsorkar2218]

Awesome video and very detailed.