Financial Accounting: Basic Background

[@GloriaCopeland563537]

Thank you, Love the way you explain the accounting principles. The best I've seen so far.

[@Mr-fn3yb]

Yo LARRRRRRRY!! Thank you so much for demonstrating accounting with clear examples. You are a life saver! My lazy ass professor did not want to teach or give us guidance on how to understand accounting. Appreciate it.

[@rickscott9388]

So glad I found this video. It makes accounting exciting to learn. Keep up the good work!

[@amychamsi]

Thank you So much for the amazing videos you are presenting. I am a Quickbooks Advisor and a certified bookkeeper. During my college years taking accounting classes I never fully understood how to create financial statements properly and how to record it properly on a piece of paper. I always struggled during an accounting job interviews when a test pre inquired before hiring. Finally I understand the financial statements when you explain the statements using easy language. Thank you so much!!!

[@madeleineprater800]

You are so amazingly clear! Thanks so much for your videos, they're really helping me through my accounting course

[@mosab495]

you are amzing please do more videos like this ,,, thanks sir

[@agnieszkamodelowska7456]

Really nice way of explaning!

[@aquayum72]

A Very Good introduction into the subject of Accounting, and what the Financial Statements are made of. Very well and clearly explained. Keep it up.

[@kayveebui1601]

love it. your explanation is so easy to perceive. illustration is also impressive, so creative. thank you

[@laxdoggy2]

Great Summary! Very simple to understand. Thanks!

[@Star-uf2kv]

Clear explanation! Thank you sir

[@karansingh-lg5fh]

Very helpful. Thanks a lot

[@weetzybat]

U r a real professional

[@FrederickAmadi]

Very detailed and easy to understand explanation. Thank you professor

[@bbbhaskar5083]

Thank you so much, i understand everything when you explain with your easier language 🤗

[@rrjresumadero4218]

simple but very precise. ty

[@jeniececollazo7033]

Great video Thanks for sharing.

[@bbbhaskar5083]

Your book??

[@FTA-0]

Thank you very much for your videos! they helped a lot! we have a completely new teacher that has no experience so we are struggling somehow !

[@ashrika2573]

Your vedios are a great help. Thank you.

[@yusufjohnson9600]

Ashrika Sapkota videos*

[@bangoltiger1805]

Good man Larry 👍🏽👍🏽👍🏽

[@StuartNorfolk]

Hi, you mention a text book and exercises. I'm based in the UK, do you have electronic versions of these manuals? Thanks.

[@regularbloke7410]

what textbook are you referring to in this video ?

[@MoOoDi78]

where is the video of "Statement of Cash Flows" ?

[@lawrenceshanahan8636]

Question: How is it that the "dividends" of the R.E. are what is owed to the owners, yet the R.E. is part of the "equity" of a company on it's balance, which is explained as 'what is left for the owners'? Let's say Bob starts a company that has a board of directors (investors) that he has to pay 100,000 every year and his net income for his first year is 500,000. Beginning R.E. = 0 Net Income = 500,000 Dividends = 100,000 End R.E = 400,000 Then if the balance sheet is Assets - Liabilities = Equity (part of which is the End R.E.) -- whose equity is this, Bob or the board of directors?

[@theaccountingtutor1]

The people on the board are not necessarily owners in the company...these senior folks are paid to provide corporate governance and oversight. If they own shares in the company, then they have a piece of ownership (i.e., equity in the firm). Separately, a company may or may not pay out dividends from its retained earnings. What they pay out is based on their dividend policy, and this is typically a topic covered in upper-level accounting and finance courses. Some companies pay out a lot of their earnings in dividends and "deplete" much of their retained earnings, while others do not.

[@martinsafo-frimpong7465]

yeah baby yeah

[@ndelpurg]

more videos please !

[@mrs.e.thomas1542]

Where do i find the text?

[@bfdeleen9372]

What is the book that is referred to?

[@theaccountingtutor1]

No specific book...any and all financial accounting textbooks contain this same basic content, so whichever book you use for an accounting course will have this same info.

[@Fooxx95]

you awesome

[@Bloom-x7b]

Hello are u her

[@yusufjohnson9600]

sara anasri here*

[@thebigmora]

Great videos Thanks for sharing.