I am a first year engineer. Our university has this course adminstrated by the Ivey Business Program, which is a top-tier business program world wide. This course is super rigorous and although it states that it does not presume any knowledge of business, the textbook uses information outside the scope of a novice. This course will be helpful tomorrow, while I study for this course.
@LearnAccountingFinance20 күн бұрын
Thanks for sharing. How are you finding the course so far? Good luck
@aelevy11 күн бұрын
I am about to take my exam #1 for an accounting course for college and man you do a way better job explaining the fundamentals then my professor! thank you so much for keeping a consistant and solid pace and disecting each core part of the basics of accounting. You are really boosting my confidence in taking the exam!
@LearnAccountingFinance11 күн бұрын
Thanks a lot and good luck with the exam.
@tonyreisdorff36404 ай бұрын
This one video was clearer and more helpful than several bookkeeping courses I have purchased. What a great teacher - thank you!
@LearnAccountingFinance4 ай бұрын
Thanks Tony. I am glad it helped
@sophiemonfared25315 ай бұрын
Dear Professor. Thank you so much for providing these wonderful free courses. They are very clear and helpful.
@LearnAccountingFinance5 ай бұрын
Thanks Sophie. Glad you found the information useful.
@emiliopalma92726 күн бұрын
This channel is my new addiction. ❤
@oprahsgran59894 ай бұрын
Doing Accounting for the first at college level, and having a difficult time grasping what is going on half the time. Praying this video will get me in the groove of things so I can actually start practising. Will give a review tomorrow
@and.so.it.is.5 ай бұрын
Thank you for this refresher course. This was extremely helpful as an accountant that has been out of the office for a few years.
@LearnAccountingFinance5 ай бұрын
Glad it helped. Thank you for the comment.
@shellapacheco98503 ай бұрын
I was so glad that I came across your video!!! Being determined to learn as a beginner, I have watched quite a number of videos of accounting tutorials and boy, the more I watched, the more I got confused!😄 But in your video, I really learned very well!!!! Thank you so much!!!!
@LearnAccountingFinance3 ай бұрын
Thank you Shella. Comments like yours reassure me that my teaching style is not weird :)
@aden_18116 күн бұрын
Another way which help me to remember double entry rules are DEAD (Debit expense, asset, drawing) and CLIC (Credit liability, income, capital) when they are increased, and reverse the debit and credit when they are decreased. ie. Debit liability, income and capital. Credit expense, asset and drawing
@LearnAccountingFinance6 күн бұрын
That's a good one too
@doggiefamАй бұрын
What a great video. Learned so much, even the tips to make the full cycle easier. Thank you!
@LearnAccountingFinanceАй бұрын
Thank you!
@ChantayHopkinsКүн бұрын
Always good to study and be ready
@elangomaria2 ай бұрын
Very well explained. Accounting lessons for dummies ❤
@siddharthsofin20397 ай бұрын
Thank you so much, best accounting crash course ever!
@LearnAccountingFinance7 ай бұрын
Thanks Siddharth. Glad you found it useful.
@PradeepMohanan-q2l4 күн бұрын
Great presentation, helpful.
@zamiyaabdi6617Ай бұрын
Best one teacher please continue with me
@samyafawz3695Ай бұрын
Thank you for such an informative video .. I will keep watching it again and again to fully master bookkeeping .. sending you my gratitude and best wishes
@LearnAccountingFinanceАй бұрын
Thank you for your comment. Yes. Watching again and again is the best way to retain knowledge and improve understanding. All the best.
@Elitecontractorservices9 күн бұрын
Excelent Class well done and keep your great work 💯
@LearnAccountingFinance8 күн бұрын
Thanks
@HeenaFatima-wd3ux4 ай бұрын
Sir u ar very politely explaining.Do you have any other lecture in which u explain how it works in Real time.Please share the link Thanks
@LearnAccountingFinance4 ай бұрын
Thanks Heena. By real time, do you mean video recording of posting of accounting entries? Thanks
@mustasimarif651820 күн бұрын
Sir, I am from Bangladesh. Thank you for giving us this valuable tutorial. We would like to request that you please make a video on how to maintain accounts receivable and accounts Payable.
@LearnAccountingFinance17 күн бұрын
Noted and thanks for your comment!
@beautifulnature85042 ай бұрын
thankyou for sharing such a clear thoughts of accounting
@mariavigilviera83123 ай бұрын
Thanks, it was very helpful, I learn lot and was very interesting, not boring at all!
@LearnAccountingFinance3 ай бұрын
Thank you Maria.
@dsonneto6074Ай бұрын
Very consize and organized video, thank you, I hope u have a great day
@LearnAccountingFinanceАй бұрын
Thanks!
@AkhilaVadagere2 ай бұрын
I must say very well explained, its s great refresher for me as I prepare for interviews. Keep it going.
@noyb62003 ай бұрын
Thank you. Tried EdX and Udemy their classes are full of bullshit and time wasting. Thank you for making it clear and concise.
@LearnAccountingFinance3 ай бұрын
Thanks and I am glad you found it useful.
@FRANKWHITE1996Ай бұрын
love this lecture. internet is great
@Med_Amine3745 ай бұрын
Many thanks! Your teaching is clear and concise
@LearnAccountingFinance5 ай бұрын
Thank you.
@sangeetasang9437Ай бұрын
You're the best. Thank you.
@LearnAccountingFinanceАй бұрын
:) thank you!
@Glenyz_CАй бұрын
I have learned so much! glad I found this video. Thank you is not enough! Already subscribe and will share this video :)
@LearnAccountingFinanceАй бұрын
Thank you very much. Appreciate the kind words!
@lebomonyalotsa325927 күн бұрын
You made it easy to understand❤🎉
@lylibmilano2343Ай бұрын
Wow, I wanna refresh , got a BSBA, maybe I can use it when retire...for parties jobs.
@yazachewalebachew9577Ай бұрын
Thank you best lesson
@jaithakkar92182 ай бұрын
amazing video very easy to follow.
@sumudusp768 ай бұрын
Thanks a lot! Nicely explained.
@LearnAccountingFinance8 ай бұрын
Thank you!
@ihawksa28 күн бұрын
thanks a lot
@smanas20092 ай бұрын
Amazing & very helpful Video
@LearnAccountingFinance2 ай бұрын
Thanks
@FinancialLiteracy-wv2gj4 ай бұрын
Thank you for your extensive course. I appreciate all of this knowledge that I will be applying immediately at work.
@LearnAccountingFinance4 ай бұрын
Thanks for your comment. I am glad this course is helping!
@glenmarshall845 ай бұрын
Very good video. The examples were clearly explained.
@LearnAccountingFinance5 ай бұрын
Thank you Glen
@kansasohio64032 ай бұрын
Excellent Course
@jeromemunisi3003Ай бұрын
Very helpful
@MOHAMMADFAROOQKHAN-dr1oj6 ай бұрын
I LOVE ACCOUNTS & FINANCE.
@SaeedKhan-zm3zrАй бұрын
THANKS BRO
@2319ak2 ай бұрын
THANKS
@nashidkukkuАй бұрын
Great..👍
@alaamubarak74742 ай бұрын
0 ثانية At the minute 29:29 you mentioned that the deferred revenue is a non-current liability, this is wrong because it's a short term debt and so it's a current liability because I already received the amount from customer and should provide the service or goods within a short time for sure.
@LearnAccountingFinance2 ай бұрын
Deferred revenue can be both current and non current, depending on the time frame of delivery of service/products.
@maimisa28 күн бұрын
Great
@miningindustrysupplysl87174 ай бұрын
Thank you. Its well explained and precise
@Hoctienganh20183 күн бұрын
Hi, I'm a fresher, Could you please tell me what "past event" is?
@shashikala-pu3kdАй бұрын
Tq sir🎉
@Rameshmagar-t4y2 ай бұрын
Very appreciable
@LearnAccountingFinance2 ай бұрын
Thanks
@1986kalpa6 ай бұрын
Great Video, Explained very well.
@LearnAccountingFinance6 ай бұрын
Thanks
@christopherjohnson26348 ай бұрын
Thank you!
@LearnAccountingFinance8 ай бұрын
You're welcome!
@allinidelaforce23 күн бұрын
Francophone accounting and anglophone accounting are very different what should I do if I am employed by a french company
@LearnAccountingFinance22 күн бұрын
I guess you will have to learn francophone accounting as wel l:)
@DrGTD5 ай бұрын
the example in 36:43 about burgers seem to go against the credit/debit rule for income ? seems like both debt and credit were increased as you mentioned asset (recorded under debit) and income (recorded under credit) both increases ?
@wolfculesicey5 ай бұрын
the asset of cash is increased when the burger is sold. there is a matching principle that states any debit entry must have a credit entry. therefore there is a credit entry, sales(which is classified under income). and yes both assets and income can increase, because they give different outcomes. debit and credit. as long as they give give debit and credit, they can increase.
@Mayankbhardwaj123Ай бұрын
Sir how can i get pdf of this video (useful video)
@ShubhamSharma-y9m2 ай бұрын
The video was very helpful for a beginner like me in the accounting but i didn't get the second example of matching principle. can someone explain it to me?
@jamalbismark3 ай бұрын
What was the main finance question that interview given to finance position please master
@samiulsumon-u8t3 ай бұрын
Excellent
@dhananjay14812 ай бұрын
good video
@LearnAccountingFinance2 ай бұрын
Thanks
@hasanmahmud48085 ай бұрын
Why did you mentioned dividend income 500 as negative in operations activities again added in investment activities ?
@LearnAccountingFinance5 ай бұрын
Hello Hasan. As explained in the video, dividend income should be reflected under investing activities. In the indirect method of preparing cashflow statement, we start with net income which already includes dividend income. We exclude it to not reflect under operating activities, and then show under investing activities. Just a matter of classification.
@raoofali5653 Жыл бұрын
Good information ❤
@LearnAccountingFinance Жыл бұрын
Thanks
@MA-sx7kw3 ай бұрын
Do you have PDF file for this video?
@TheCANexus2 ай бұрын
Credit debit note who issues and when it is issued?
@Vikermajit26 күн бұрын
At 4:00...Income ❌...should be Revenue...(Income = Revenue - Expenses)
@LearnAccountingFinance11 күн бұрын
Revenue - expenses is usually called "Net" income. Please review the section where I explain income. Some terms are mixed up in accounting.
@rajeshvatturu66093 ай бұрын
I have one confusion if both Assets and liabilities are equal in balance sheet in this case how to know company was in good position or not?
@LearnAccountingFinance3 ай бұрын
The accounting equation is Assets = Liabilities + Equity. From a financial position perspective, assets are not equal to liabilities. The higher the equity, the lower the liabilities in the balance. Equity represents value of ownership of net assets.
@psycworld965Ай бұрын
Sir online accounting course available here
@EricKaranu3 ай бұрын
Good stuff.. keep at it
@LearnAccountingFinance3 ай бұрын
Thanks. What would you like to see more of?
@motivationvedios66012 ай бұрын
Hi teacher. I am currently An intermediate student in CPA. i have zero experise job wise, this was really helpfull. So i want to me a remote accountant, give me road map i have to follow or any kind of advice.. am in kenya and my exam body si called KASNEB. IF given good trying i can do a great job😊
@liha17963 ай бұрын
DO YOU HAVE THE WHOLE THE ACCOUNTING FIANCIAL COURSES ONLINE TO SHARE ?
@LearnAccountingFinance3 ай бұрын
Hello Li Ha. All my content is available on the youtube channel. There is currently an advanced income statement analysis course that you can access at ebitda.thinkific.com/courses/learn. I also provide 1 on 1 training/coaching. You can check details by sending a direct message to @learnaccountingfinance on instagram.
@falakpe2 ай бұрын
what about an institute that pay cash to the contractor for interior designing ? one is cash and the other is contractor right ? so cash decreases so credit it , but what about contractor and under what ledger does contractor and cash fall in cash book?
@LearnAccountingFinance2 ай бұрын
If the cash was paid to the contractor after completing the job, debit can be an "expense" in the p&l. The name of the gl account can be interior design expenses. If the interior design is costly (material or large amount) and is part of the building fixtures that the institute owns, this can also be treated as fixed asset or capital expenditure. In that case a fixed asset account such as "building" or "improvements" will be debited. If the cash is paid in advance for work that will be done later, debit will be an asset account such as "advances, deposits and prepayments".
@falakpe2 ай бұрын
@@LearnAccountingFinance Thankyou ,but i am still confused , can you make a video on this example on the excel please , Also can you do a video on creating cash book on excel on direct and indirect expense , current and fixed assets with examples, where the balance is also recorded.
@falakpe2 ай бұрын
@@LearnAccountingFinance HOW DO YOU ENTER AN AMOUNT CONTRIBUTED BY A PERSON FOR THE BUSINESS .FOR (EX ) I RECEIVED MONEY FROM MR. X FOR MY BUSINESS WITHOUT ANY RETURNS, ITS LIKE A CAPITAL AMOUNT, SO WHAT 2 ACCOUNTS ARE AFFECTED AND HOW TO POST IN CASH BOOK, WHICH ACCOUNT WILL FALL UNDER DEBIT OR CREDIT ...PLZ DO REPLY
@psycworld965Ай бұрын
Sir financial accounting course best institute in hyd plz tell me
@guruprasadchaudharya60244 ай бұрын
Ledger make sales and purchase at excel
@abrahammoruti5967Ай бұрын
At 39:53 how could it equals 14,804 total sellings
@GamingAccount-he3lvАй бұрын
3,850+10,954= 14,804. Only adding expenses at that point. Revenue - cost of sales = gross profit. Then he is doing gross profit - the expenses below = Income before income taxes. It would be much clearer if it was an excel format and had borders for calculations.
@Mr.Potato2329 күн бұрын
08:30
@laupeter45945 ай бұрын
The concept of credit and debit is confusing - It seems as if when you pay others money it becomes a credit whereas in real life , having a "credit" card is a good thing as it means you have a line of credit to spend for purchasing of products and services
@LearnAccountingFinance5 ай бұрын
:) yes it gets confusing when we try to connect debit and credit from accounting to everyday use of the terms. You can view credit line or credit card as an offer by the bank to "increase your liability" ( = credit according to accounting rules). When you make purchases on a credit card you are in effect increasing your liability because you now owe the bank or credit card provider the amount you purchased for. Personally for me, this is the worst kind of credit as it starts growing (with interest) if you do not settle in time. The same goes for credit line.
@malangbaba75534 ай бұрын
Remember buddy there is no logic u have to rememver this that there are 5 nature of accounts like assets expense when every they rises we have to debit them and when ever they decreases we have to credit them in journal while capital/equity , income and liability when ever increases we have to credit them and when ever these decreases we have to debit them
@raymeester78834 ай бұрын
Most people don't explain debit and credit probably. Also credit and debit are a bit arbitrary and has too much interference.
@iqraqureshi4362 ай бұрын
No there is a logic just take your self as a company and simply anything that comes in is debit anything that goes out is credit remember this
@raymeester78832 ай бұрын
@@iqraqureshi436 That's very wrong. Where do you put retained earnings and equity?
@GiriLokeswarBorra5 ай бұрын
Telugu lo experiences cheyandi sir
@venkatbanda59043 ай бұрын
devika bhatnagar accountancy chudu bro
@cindymcintyre66972 ай бұрын
The words Debit and Credit should be exchanged. It would then make sense
@Harisblogs-wk5jb Жыл бұрын
sir kindly provide us slides
@12madorno344 ай бұрын
😇
@allinidelaforce23 күн бұрын
Francophone accounting and anglophone accounting are very different what should I do if I am employed by a french company