Basic Cost Concepts...with a touch of humor | Managerial Accounting

[@ashkanviliaei1565]

Michael you are an inspiring person that takes the accounting profession education to the next level. These days, people ONLY desire earning money and you have changed this mindset. I appreciate your enthusiasm and thank you for producing great contents !!

[@Edspira]

Wow, thank you my friend!

[@pinballmaster8734]

This man is an American hero

[@Edspira]

Thank you for such kind words my friend!

[@GreysonAuctor]

I have ADHD and I struggle to focus on complex concepts but I had no problem with this video. The fast paced humor and information is exactly what I need. Thank you so much 😊

[@Edspira]

No problem, I'm glad you enjoyed this style of video!

[@pineappleognam421]

Just Wow. Loving the new virtual face-to-face setup. & of course,the humor 😂 . Thanks a lot for sharing your gift Sir

[@Edspira]

No problem my friend!

[@criscross7362]

Thank you Michael, thank you very so much for taking your valuable time to share your knowledge with us. Whenever I have a difficult time understanding accounting concepts, I come to you for guidance. Many of my professors have experience in the private sector, but some of them don't know how to teach. Teaching is an art. You are the Michelangelo of accounting.😊

[@evolutionbe7150]

Wow, a face behind the man that helped me graduate. Thank you so much for your videos they really help accounting students who have negligent professors (like i did.) Your videos on bonds really saved me!

[@Edspira]

Thank you for the kind note! I'm sorry your professors were incompetent, but I'm glad the videos were of help to you. I hope you're doing well!

[@RobertoTorres-xd3hs]

I love this guy! Keeps me listening, entertained, and educated!

[@jamesko9631]

I am in process of taking CPA exams and your lectures have been tremendously helpful. Thank you. By the way, I never realized you can smile while learning about cost accounting :)

[@Edspira]

I'm glad you enjoyed the video! Good luck on the CPA exam!

[@Leafgirl99]

I just learned more from you in 7 minutes then I did from my online "instructor" in 3 plus months! Well Done lol

[@Edspira]

Thank you! I'm sorry your instructor was awful!

[@Wiz99999]

Face to face is certainly better than your traditional videos! It's nice to see the person who we're learning from.

[@Edspira]

I'm glad you enjoyed it!

[@Kim-k9c]

I watched this video twice. It's an accounting video. Thanks for the content and humor!

[@amuni4]

mannn, I am in my last semester and I have acct 320. My professor is really nice, but hard to learn from. you sir are THE GOAT 🤝🏽

[@Bnelen]

Good job! Haven't been following the channel for all that long, but you've created a new approach here. I hope you carry this style into more and more complicated areas. Never stop experimenting.

[@Edspira]

Thanks, will do!

[@madinabonuturdalieva8299]

Mr. Mclaughlin, wow, you do know how to speak, how to teach. Thank you so much for making these amazing videos!

[@Edspira]

Wow, thank you so much!

[@heiselblock]

genuinely laughed out loud about the groundhogs 1:27

[@Edspira]

I'm glad you liked that!

[@heiselblock]

@@Edspira it was totally worth the cost.

[@Patrick-qk2tl]

Exactly the right mixture of humour and facts! And very well-chosen examples! Love it!

[@Edspira]

Glad you enjoyed it!

[@sessions1617]

so glad I found this channel. I wish every accounting class was taught this way. 😀

[@jdtaylor99yt]

Excellent! Great information. And your humor has only improved since your Toastmaster days. I look forward to future videos. Who knows? I might even learn something!

[@Edspira]

Thank you Joe! I learned a lot from you; I still remember you delivering outstanding speeches with no notes whatsoever. I hope you are doing well!

[@tokenstandpoint93]

OMG this was awesome 😂! I hope you do more videos in this fashion. You can be the John Oliver of Accounting!

[@Edspira]

I'm so happy that you enjoyed it!

[@tarekalsherif57]

That is really amazing funny and clear explanation! Very nice new presentation. Thank you Michael

[@Edspira]

I'm glad you liked it Tarek!

[@MrDjugashvili]

Lucky those students who have him as a teacher!

[@Edspira]

Thank you!

[@lisaverweij8806]

Gotta agree with the other people commenting! The energy and enthusuiasm you have for this profession is glorious! I want to be just like that when I'm done with my exams, I'm doing ACCA in Ireland.🤩

[@djsalyers]

Brilliant video! I just started my managerial accounting course and this was recommended by our professor. Really helped me understand these basic cost concepts and just how broad the term "cost" can be.

[@Gavsenberg]

Keep up the Good work, Michael. And the new segment "Humour" is another wonderful addition 😂

[@Edspira]

I'm so glad you enjoyed it!

[@ivanRobable]

Best educational video I've watched

[@Edspira]

Thank you!

[@royane3199]

Wow 🤩 amazing video , I love it . Thank you Michael 🙏 I have management accounting subject , this semester and how lucky I am to watch your videos, makes it more exciting my study 😊 please continue your videos , because what you do is life saver ❤️

[@Edspira]

Thank you for the kind words! I hope you do great in your course!

[@jeromerouge1979]

Excellent !!! Learning with fun :)

[@Edspira]

Thank you! Cheers!

[@lungelozain3100]

This is just TOO GOOD!!🥺💯😫Thank you Professor

[@Edspira]

Glad you like it!

[@nyambesimangolwa5755]

It's beyond good! It's AMAZING ❤

[@Archlense]

ONE OF THE BEST ACCOUNTING CHANNELS EVER!!!! i wish i came across your page years ago!

[@YuyaD139]

one of the best videos of education I ever seen !

[@Edspira]

That means a lot. Thank you so much!

[@junwang9288]

you are the best accounting teacher!

[@Edspira]

Thank you! 😃

[@JH-nv4km]

I would've loved to have had you as a professor, your vids on financial accounting really helped me with FAR

[@Edspira]

Thank you, I'm glad you found the videos helpful!

[@smor8346]

Very informative, and quite humorous at times, very epic 10/10

[@Edspira]

Glad you enjoyed it!

[@jennyluu4265]

you are just the best man. thank you for making these videos seriously.

[@Edspira]

😉

[@rachelwong3474]

You are so amazing! you're making me enjoy learning. it actually kind of feels like watching TV, yet i'm able to review my accounting concepts and hope to eventually write my CPA exam (in Canada!) will keep you updated! thanks for your kindness and generosity!!! really appreciate it!!!

[@Edspira]

Thank you so much! I hope your life and career are going phenomenal!

[@feelings208]

So easy to understand and kind of fun to learn with all the concepts 😊🙌

[@fulya3826]

this was crazy enjoyable, happy to find you!!! wish me luck in upcoming managerial acc exam 😊

[@SVIJAYVITTAL]

Thank you for the video Sir Please continue this type of videos in future it's very helpful.

[@Edspira]

I'm glad you liked the new video style!

[@varunsinha1605]

You are doing a great job ... your videos are life changing.... can't thank you enough...

[@Edspira]

You just made my day! Thank you :)

[@chordnificent]

Amazing video, hope you’re still creating

[@Edspira]

Indeed I am, thank you for the support!

[@jameseldridge3445]

McGraw Hill is great but for some reason I learn better practically than from reading the book. Many thanks for simplifying

[@Edspira]

No problem my friend

[@martinmichalik5228]

Accounting is quite honestly the worst thing on Earth and I believe accountants are nothing short of sadists, but you make it bearable sir. Love your humor

[@Edspira]

Thank you!

[@anatulymaimany]

Thank you for another surprise. Great explanation.

[@Edspira]

My pleasure!

[@wilsonmoscoso4620]

Michael, you are the best of the best!!! A Maestro.

[@Edspira]

Thank you my friend!

[@laurenjotch5564]

This is the best video I've seen

[@Edspira]

Thank you!

[@dithishetty6120]

What an awesome teacher , I have always loved your videos , you make it easy for an old person who is not an accounting person easy to understand this course well , thank you , this video is hilarious too

[@Edspira]

Thank you for the kind words my friend!

[@selena1094]

Love your videos!

[@Edspira]

Thank you!

[@nyambesimangolwa5755]

I'd love to support your work! You're an international treasure and we such content to keep coming 🎉

[@Nott_Fifi]

love from Canada! I clicked the thumb up even before I watched the video.

[@Edspira]

Thank you my friend!

[@July-ct7pp]

Oh shit! I never knew accounting could be so fun to learn! Thank you for implementing comedy into your lecture it made learning the concept much more enjoyable

[@Edspira]

We are currently testing some different styles of videos to see what the audience likes best. Glad you liked this!

[@Teewaree13]

Thanks - I’m taking a management accounting starting July 1st📊📆📅🗞

[@Edspira]

You got this!

[@billhershey6105]

Nice work - way to spice up cost accounting...let's get you on stage at one of the accounting events!

[@Edspira]

😀

[@Little_Tough_One]

I can use more of these videos. It really helps with learning and keeping engaged. Currently studying for FAR exam.

[@Edspira]

Good luck on the test!

[@mjt_00]

Damn, I wish you would be my professor. You are crazy good in explaining things!!

[@yinyin7614]

Excellent video. I learned a lot. Thanks

[@Edspira]

Glad you enjoyed it!

[@solohparaeso]

Muchas gracias por el material, lo he escuchado con atención y me gusta su modo pedagógico. Gracias!! Tu material es genial.

[@Edspira]

De nada!

[@commoncents1822]

I finally put a face behind the name. I love your videos.

[@Edspira]

Thank you for your support! I hope you are doing well!

[@hazemkamalmaz8772]

im sure that you are able to be a comedian writer boss 🙂. you have this gift beside an accounting tutor ❤️ . what an objective sense humor lecture 😍😍

[@Edspira]

Thank you so much 😀

[@cathalodoherty1988]

This was just great to watch ! Great revision too!

[@Edspira]

Thank you!

[@teresarivera8098]

Loved this video! Thanks so much for taking the time to make it lively :). It really helped me understand the concept.

[@Edspira]

Glad it was helpful!

[@maurynpainto4007]

I love this. On point even if you are sleepy.

[@Edspira]

😀

[@littlebee33]

Thank you so much for this video! Loved the humor sprinkled in haha!

[@Edspira]

Glad you enjoyed it!

[@classiccatastrophe1518]

sir you are a life saver

[@Edspira]

Thank you!

[@danielrichardson362]

As a UConn alum who had a friend named Pete, this feels like a personal attack... on another note thank you for all the accounting videos, they are beyond helpful in understanding some of these concepts. Ps. Don't visit the UConn puppetry museum, it's terrifying

[@Edspira]

😂

[@Daniel.Hernandex]

LMAO 😂 IGUANA RACES!!!! I’m freaking dying lmao!!!!!! Great video! Love the energy

[@Edspira]

I'm glad you liked it! I put my heart and soul into that video 😀

[@cutiepato]

I wish my teacher speaks like you... like both my accounting prof this semester keep making pauses, repeating what they said, and speak so slow. Basically an equation for me wanting to sleep

[@Edspira]

Sorry to hear your accounting prof is subpar. But I'm glad you enjoyed the video!

[@accountingencounters2770]

Love the new style!

[@Edspira]

😜

[@michaelrabinovitch2120]

Needed this. Thank you very much. Amazing job

[@Edspira]

Thank you!

[@TIGREinVOLO]

excellent intro for newbies like me

[@Edspira]

Glad you liked it!

[@william_ochieng]

"Unless you're in Las Vegas..." 😂😂

[@Edspira]

:)

[@imanma1868]

Love this!!! Thank you for your videos

[@Edspira]

Glad you like them!

[@kirtwarren1921]

Love the WOW reference.

[@Edspira]

😀

[@OmarWannaHike]

I am a sucker for large collection of books with similarly designed covers.

[@christiandiaz3307]

This guy is awesome! I LOLed multiple times hahahah

[@Edspira]

😀

[@Blueberryminty]

I was looking for some summarizing video's on managerial accounting and came across this good content, but for some dark, unknown reason was spiked up with some unnecessary narrowminded and belittling humor. oh well to each their own. the overview of the concepts was good.

[@mskies6065]

Awesome video

[@Edspira]

Thank you!

[@kaleabemiyayu1392]

i enjoyed it so much dang it amazing

[@Edspira]

Thank you!

[@urniece4184]

THANK YOU SO MUCH

[@Edspira]

It was my pleasure!

[@william_ochieng]

OMG I love this so much!! 😂😂

[@Edspira]

I'm glad you liked it!

[@william_ochieng]

@@Edspira Keep it up sir, you're the best!!

[@calefrequena9106]

Can you do a series on Cash Flows. (If you don’t have open)

[@Edspira]

I currently have 16 videos on the Statement of Cash Flows. Here is a link to our financial accounting index, which is often easier to navigate than the KZbin playlist. www.edspira.com/index-financial-accounting/

[@Carl_Ross]

very entertained, thx

[@135pictures]

This book I’m reading has 34 chapters, it takes me 30 minutes to read 1; I wake up at 9:00am and sleep at 10:00pm. I spend 2 hours doing my afternoon walk. Now using all this information, how many days would it take me to finish reading the book?

[@arianna7579]

you're so awesome!

[@MyFinancialFocus]

Nothing like Dad jokes and accounting.

[@KumR]

Where does SG&A fit into what u explained? What about R&D expenses ?

[@Edspira]

SG&A and R&D are period costs and are expensed when incurred (in contrast to product costs, which are capitalized to the inventory account and expensed when the inventory is sold)

[@AbdurahmanVk-i3x]

As part of my acca journey, I'm learning MA. Could you suggest a book that would be beneficial to me for my MA?

[@biggestmanonearth2748]

Sounds like a plan...... Haha much appreciated

[@bigwiill006]

Awesome content 😂

[@Edspira]

Thanks William!

[@susys8501]

Wtf did I just watched 😂😂😂 dude you are hilarious!!!

[@laurentgattereau1613]

amazing

[@barackobama3719]

thanks for this video, sir. i'd be more than hapy to buy a course on udemy if you ever consider makiing one

[@martynmckail8882]

Can't beat Punxatawney Phil.

[@Edspira]

😀

[@Jen8765_]

I wish you were my professor lol

[@Edspira]

😀

[@alumi9818]

Hey, could you somehow send us the list of the books seen on your book shelf?

[@Edspira]

Do you mean just the business books? Some of the books in the background are novels, or foreign language books

[@alumi9818]

@@Edspira Yes, all econ-related books. Sorry for the late reply.

[@Edspira]

Poor Economics, The Rise and Fall of American Growth, Blue Ocean Strategy, The Lean Startup, Measure What Matters, Good Strategy / Bad Strategy, Fordlandia, Out of the Crisis, Playing to Win, The Economics of Poverty

[@alumi9818]

@@Edspira Thank you

[@chase78966]

Come to barbados and lecture 😭

[@Edspira]

I'd love to!

[@BraydenOxley]

My brain definitely isn't going to explode but it might be the drugs I took like you had stated

[@ngamin5234]

good

[@chew_tunes]

Who’s going to eat all this kale?! Lmaooooo 😂

[@Edspira]

Sounds like it's something that could have happened in real life!

[@JettingChen]

3:52

[@fishtacos007]

I think you mean a level 70 "mage"