Financial Statements - Ch. 1 Video 3

Basic Financial Statements

[@leomega]

my teacher could not explain this in 4 hours. you did it in 7 min.

[@Medeya07]

I got a lazy professor as well! He rushes out without giving any explanation or straight answer.

[@jordanestrada2370]

So thankful that I found your videos!!! I'm taking an online class and she has given us no direction. She just put up what assignments we have to turn in, so I was reading through my textbook trying to teach accounting to myself. This has cleared up so many questions! thank you, thank you, thank you!!!

[@eiatos]

You literally saved my whole year with those 7 minutes, I love you man

[@ShowBoxKuda]

Basically you explained something so simple in 10 mins that took my teacher 10 hours lol

[@_Splitsecond]

Mighty Ro exactly 🤯

[@bunny32894]

Going back to school 5 years later and wanted a refresher. And thank goodness for you. It's all coming back to me

[@tenspeed234]

You're a saint man, taught me more in 10 minutes than I've learned from my professor in the past month

[@niahall6250]

For somebody who just started accounting as of today this was amazing very helpful, very straight forward and well explained . Thank you so much for helping me and explaining this to me

[@lesedilight970]

I thank GOD for guiding you to upload these videos for us. You are a blessing to our academics! More Grace sir!

[@palomahernandez8171]

Thank you very much for posting this video. It's been really helpful in my semester taking accounting. now every time my profesor explains a new topic I watch your videos a head of time to have better understanding.

[@SonnieSoNice]

T-Accounts and Debits & Credits - Ch. 2 Video 1 + Financial Statements - Ch. 1 Video 3 = A ( Best Teacher Award goes to you)

[@Morgananegreiros]

Thank you so much, I'm dreaming with teacher like you. If the teacher is lazy and do everything deep fast and Doesn't want to writing on a blackboard. Is really hard for someone to learn specially if is not our language. God bless you for your time and patience.

[@toniiaungelik7536]

OMG this is the best tutorial that I have ever had Thank you

[@dithishetty6120]

I usually don't comment on public posts but you are an amazing teacher, have to take my midterms in less than 5 days and scrambling as much information I can in few hours and I was giving up my hope of passing as I am in my late 40' and taking accounting being in the medical field had not to clue about accounting . Thank you so much for your selfless effort

[@miriammajor6643]

Thank you to the people responsible for these videos. I have been reading this information and getting so confused however have found these videos so easy to watch and understand which is making me feel so much more successful instead of just frustrated.

[@hannakurimoto-fischer7600]

Jesus this guy is good, thank you!

[@maxpaulic9897]

Tbh you saved not just my day. You saved my whole period of accounting. I have read through the chapters all the night without understanding anything, and then in just a few minutes, you explain it so logically as it was nothing. Thank you so much!

[@brandonbeene7813]

These videos really help, thanks for doing this and helping us out here.

[@cannfoongyap2118]

This is actually something i never thought of saying it, your video is actually make me understand easily about accounting. My lecturer did kinda explain to me about how to work with it, but you just nail it in your video is only like 5-15 min lecture. It's easily for me to understand. I don't know how to thank you for this but really thanks so much @mattfisher64

[@johngcahill9583]

First time I have ever understood this...Thank you Sir

[@maxl9702430]

You sir, are both a Schollar and a Gentleman... Thanks for all that you do!

[@KIMI-qj3xp]

This video was very easy to understand. I hope I can put it into practice. The business world is so new to me and I have to admit I can not even or do not balance my own checkbook. I always figured if you had more money going out then in you were in good shape. I am starting to see how important it is to keep and document accurate records. I am such a visual learner, that I am gaining a new understanding through these videos and this instructor. I liked how he broke down the financial statements in order, explaining that one statement has to be done before the other.

[@bak2black]

This is amazing... I have had accounting subjects on/off for the past 12 years and I finally feel that I am understanding it...soo excited Thank you

[@richardepoulinjr]

Great video. It's nice to get another one's view or instructional technique on this subject.

[@ramu992]

What you said is true sir, i didn't understand accounting at first and was intimidated by it..now i know how it works and it's my favourite subject.

[@mukhtaaroswadaniabdi8947]

Thanks for your videos accounting basics. you are good teacher

[@Handsamq8]

Go ahead and go on 🌹

[@rachealllengacher7165]

It's all crystal clear now thanks to your videos. Testing tomorrow so just in time. Thanks Matt!

[@Medeya07]

THANK YOU! My life back to normal again haha

[@aimanvic1995]

i never had any basics in accounting but currently taking accountancy for my course in university,Thank you very much for the basics,i never knew eventhough how complex accounting can be,it gets more and more interesting. :)

[@brandonstacker3378]

Thank you very much for making these!

[@subindad]

Great lecture. I feel like Kevin spacey is teaching me accounting

[@Znorps]

Thank you so much for posting these. Been having a real tough time of getting this stuff, I'm only four videos in and I'm starting to get it. Thanks for uploading these.

[@rajaasam]

thanks a lot for your lesson, really helped me lot, because in my case, i want to start a business plan, but i dont know how to balance the financial statement, I think in this whole world you are only one person tough about in starting stage how to balance the financial statement, i wish u to post ur lesson as much as possible . God bless you long time

[@rickymtz91]

I finally understand all this! Thank you so much!!!!!!

[@cashmanagerlimited525]

You made this topic seem so easy! Thank God I came across this!

[@michaellopez4714]

It's true. The more I understand, the more I like

[@norad7688]

Thank you so much, that was very helpful. I love you more than our teacher

[@kellyc900]

You are really good!!! Thank you for making all the accounting videos!

[@rizkajones]

Thank you so much for your awesome work, you are the best ! you help so many peoples thats want to be an accounting. I really appreciated your effort !!

[@marcellomazzilli9196]

thank you so much for your videos, really helpful, you are an amazing teacher!!

[@davidmcconnell4443]

Very Well Done Sir. I appreciate the way you break it down are able to explain this in its simplest form.

[@etjh0071]

Thanks mate! I didnt understand these at first but now i do

[@norad7688]

Thank you so much, that was very helpful. I love you more than my teacher

[@louisewells348]

I'm from Perth, Western Australia too... I am so grateful to you for these videos they have helped me no end with my accounting degree. I'm studying from home and find it hard with only a text book to study from, you make it I really easy to understand. I appreciate the time and effort you have put in to produce these lectures. THANK YOU!!

[@pabsitterab675]

How's life now?

[@Jiynzo]

god bless you man. thank you soo much for all your videos and help!

[@aliomar1030]

From Iraq Thank U so match .. I wish that I have Thacher like U .

[@luispetersanchez9765]

Thank you so much for your videos!!

[@6cmc9]

You actually make me feel like i know stuff.. These videos make me very interested

[@tedoymisojos]

Thank you, great series

[@jenniferterrelk8776]

Excellent!!

[@aryansher314]

thank you so much you r the greatest teacher 👍🏻👌🏻

[@irenediaz605]

REALLY GOOD TEACHER,THANK YOU!

[@Angied094]

Very helpful

[@LilyAmericanDream]

I love the way you explain it. I need you be my professor!

[@THV6002]

Now accounting makes sense to me!!! I wish i could find your videos earlier!! BIG THANKS!!!

[@JamesDark]

master piece of work, amazing ~.~ thank you very much for your time,your teaching worth a lot to us :)

[@ehteshamali2893]

Thankyou Matt, simple and easy. :)

[@armandog724]

Thank you you explain this so well.

[@Kingsleyuk2003]

wonderful

[@leahdigiallonardo3292]

clear and precise, thank you

[@andresobaldo8909]

This is still helpful 8 years later

[@loramservices]

You just open my son's eyes for accounting.

[@Happy2be4c]

Thank you, this helps a lot!!!!

[@TheCuteMinna]

your amazing

[@venzone8854]

Thank you so much, when the teacher at my class try to explain it, I can't understand, wtf she was talking about, it was all giberish, like watching a anime without the sub. "Not knowing the language"

[@shwe11]

It is really help me, thanks for that.

[@martinbriones1038]

you're my hero!

[@moudi1158]

it is very clear i dont speak english very will but i understand of you > . thank you mr and i hope you make another acounting video not just principles of accounting

[@kendrar.duvallrnmsnmbacen8701]

This accounting gets pretty involved. You can really miss something if you don't pay close attention. I watched a previous tutorial by you in which stated accounting needs to be practiced and reviewed daily. One shouldn't look a it one day and wait several days before coming back to it, we will be lost.

[@princessaly9507]

Thanks for the video!

[@Vikermajit]

Thank you, kind sir.

[@desmond8068]

Nice

[@user-nu2vc9mp5j]

this person explains it perfectly. where can I get a hold of him? or a public page to follow?

[@Alreshudiak]

Thanks a lot

[@younalazzawi]

First of all, thank you very much for the videos. I would like a recommendation for a text book that I may consult for working examples along with the videos.

[@Catbird14]

OH MY GAWD THANK YOU. I'm going to try now. -.-

[@muradbamunif2254]

thank you :)

[@ravenclifton5580]

thank you!!! :)

[@sallyawad1]

Thank you very much of these great videos, I would like to know what is the name of the text book so that I can practice the examples. Thanks

[@user-pz2we6pc6r]

LOVE UUUUUUU

[@mesi724]

thank you

[@karenrichard1890]

I like your teaching style. What textbook do you use? Thanks! :)

[@thatarmyveteranguy2490]

Question? Are the Statement of Retained Earnings and the Statement of Owners Equity the same? The rest of the financial statements are the same, except for the ones that I have listed.

[@mohamedabdi6443]

it's amazing lesson thanks for everything but check out the ending capital. i don't if I am wrong of being awake all night or it's 23,000

[@theocho97]

you are a god

[@cherishnguyen506]

Dear mattfisher64, I have two questions regarding to the formula to calculate Ending Capital. I understood what you have been talking here. However, I think of another situation in which part of Net Income is used to distribute to Owner which is called "Dividend", for e.g $5000 Dividend. Shall 21000 less dividend? If so, we will have 16000 of Ending Capital. Is it right?

[@cherishnguyen506]

Second, if my Income Statement from previous period shows that my earning profit is $4000. Shall I put $4000 in 1st row as beginning capital obtaining from previous year profit when calculate ending capital? I am confusing it now, hopefully you will explain it for me. Thanks in advance.

[@ravysok1539]

you are a great teacher of financial. But i suggest that u should make video with nice hearing sound. I like your video and your teaching style. I also have a question to ask you: Does ''CASH FLOW'' has the same meaning as ''STATEMENT OF OWNERS EQUITY''???

[@mattfisher64]

No. They are different financial statements.

[@Lubreeze]

Would Dividends be the same as Withdrawals Mr. Fisher?

[@FifeLaw]

The only complaint I have is that the audio was poor. I had to turn up my speakers to hear the presentation.

[@BANKO007]

This was great but there was not logic to the figures in the assets column nor the accounts payable, which appear to have been fudged to achieve balance. There is a simple step missing that would have made this an excellent presentation.

[@libertymaniac]

I don't understand why the $8,000 and $21,000 are added together. (Accounts payable and equity). Wouldn't the accounts payable be a negative number against the other side of the balance sheet?

[@DJSherinee]

it's just needs to be balanced on both sides, the a/p is what the business owes to creditors so it has to be added and the accounting equation is assets = liability +equity

[@starplanenl08]

ma dude

[@GabyAlexaMull]

I was also following well until the liability, I don't understand how you got it. ? Great teacher though!

[@renduffield1651]

CA mathematics

[@alfitrijal8817]

Hello sir show the question also plz

[@sivum6919]

20x likes🌸

[@yazanbadwan4748]

can't find first video ? some 1 link it to me

[@priyashergill959]

why is he not my teacher, clearly my schools been hiring the wrong ppl

[@schallerkd]

dude my prof is the worst, shoutout to matt fisher