Keep it simple = keep it stupid , this guy delivers perfectly , thanks alot!
@mio-her9 жыл бұрын
Thank you! It's so hard learning with direct information from textbook with complex terms. This is more simplified and easier to comprehend. Again, thanks.
@guadalupeorozco68397 жыл бұрын
I just started my accounting class in college and I got to tell you, I was a little over whelm by all this number and terminology but you delivered the message.. thank you soooo much i really appreciated it..
@dawnmercer92116 жыл бұрын
This is, by far, the best accounting videos I've seen on KZbin!
@dirtyxaddict11 жыл бұрын
I learn more from you than I do in my lectures. YOU ARE GREAT.
@Jourah112 жыл бұрын
You are the best teacher!!! I just got a 22 percent on my test on this stuff and had no idea what was going on but everything is getting much clearer....It just makes me wonder why Im paying to go to college when i can just learn here.
@solferino667 жыл бұрын
To explain something this clearly and simply...sheer genius.
@kurtishagen76788 жыл бұрын
I like to see how it always balances itself if it is kept track of the correct way. Accounting is new to me and I appreciate the simple direction of the video.
@Weijie200812 жыл бұрын
Definitely the best teacher ever!!!
@mzgemini000611 жыл бұрын
Oh my goodness again ... thank you thank you thank you... you are making it much easier and like you said.. we can go over and over again to figure it out... thanks!!!!
@crg3443 жыл бұрын
Omg I was about to drop my class, THANKS FOR YOUR VIDEO .. now I understand my homework 🤗
@richardepoulinjr12 жыл бұрын
Your definition of assets, liabilities and equity really made sense. I will be watching more of your videos. Thanks!
@pommels210 жыл бұрын
BEAUTIFUL TEACHING! I'm Understanding!!
@feliciapoindexter82027 жыл бұрын
I am not actually in the class yet, but this is very helpful. It is a very good refresher from a previous class taken called College Accounting.
@Saleh89 жыл бұрын
Best explanation of this topic!!! Thank you
@EconMBAStudent12 жыл бұрын
Your videos are great - reading from a book only gets me so far. Your explanations really make some of the concepts click. Thank you
@angieconcepcion338111 жыл бұрын
Hello Mr Matt I have to say thanqsssss toooo much Im from Panama normally our class are in spanish but I have this one in english and I have to say NOW I UNDERSTAND no perfectly but as you say Its on my brain.. Excellent!!
@beltropez10 жыл бұрын
I'm taking accounting right now I watch a new video everyday after my lecture I would love to just have you as my instructor :-) keep up the good work
@steadywastedchick11 жыл бұрын
I have learnt more from you then my taecher in new zealand all she doz is talk and draw on the board you rock...
@SaraLynnLunn12 жыл бұрын
Thank you for you many videos - they have helped me a lot. You do an excellent job of explaining the details that were throwing me for a total loop :)
@sabeerbaloch98896 жыл бұрын
Sir I like your way of teaching because I am learning from u accounts u teach accounts very well
@BboySmoke10008 жыл бұрын
Amazing I'm trying to get a head start in accounting and you teach with perfect sense keep it up
@laurieadda8 жыл бұрын
thank you so much for these videos! greetings from the netherlands :)
@user-lw6wx6om4p5 жыл бұрын
YOURE DOING GODS WORK BROTHER. THANK YOU
@heavymettalchick8 жыл бұрын
Thank you for these videos! They have been very helpful to me. 😆
@ilyanikitin62483 жыл бұрын
For any students that might be confused with the capital part of equity, it is also called Common Stock, some books and teachers teach it differently.
@CookieMonster678312 жыл бұрын
thank you so much for your videos!!! you have helped me understand my account class so much better!!!
@downeastshipping59893 жыл бұрын
Our boy Matt Fisher CRUSHES
@brofeast48485 жыл бұрын
I learned a lot. What a life saver!! Thanks for making this video!! 👌👏
@Yogoat8379 жыл бұрын
Awesome explanation!!)
@tyresegarnett43146 жыл бұрын
thank you for explainig to me i live till insouth america an really likes accounting and i has helped alot
@ellenndemulombwela8276 жыл бұрын
This is the best lessons
@fatimalopezserrano43584 жыл бұрын
Great video!!! 👍
@6cmc911 жыл бұрын
awesome teacher
@ndhk6 жыл бұрын
I'm watching this right before my exam. Anyone else? lol!
@nihongodiary65596 жыл бұрын
You are so amazing! Thank you!
@raiyaan59648 жыл бұрын
i owe you my 25 marks
@bragamick606810 жыл бұрын
Thanks!!! Fast and simple review!!
@FLIGHTCOMPANY10 жыл бұрын
Does capital = common stock too? My professor goes by common stock..
@JustinRiray8 жыл бұрын
+Mark Batarina yes
@zay71211 жыл бұрын
Really helped!! Finally understand this! Thanks a bunch!
@jamesw.barfield86666 жыл бұрын
This guy is awesome. Thank you
@AmeliaPaigeH6 жыл бұрын
thank you this saved my life
@kingh23105 жыл бұрын
amelia How you doin? 😎
@heatherallen22282 жыл бұрын
Thank you for the excellent videos! What book are you referencing? I would like to get it to help further my learning. Thanks!
@JoyfulArtisticAdventure11 жыл бұрын
Hi Matts Its nice listening to you and understanding your simple ways. Can you please tell me the basic accounting principles with examples. Thank you and God bless you! Chrisha
@Ismaring0077 жыл бұрын
If I pass my midterm.... Then it's all thanks to you xD
@MichaelTomko47 жыл бұрын
same here
@jsingh986 жыл бұрын
did u pass your midterm? lol
@siyam22744 жыл бұрын
this is so helpful thanks
@MrEastknight11 жыл бұрын
when u use supplies at adjusting entry example assume that u purchase 20000 supplies cash so the entry will be DR supplies CR cash and at the end of accounting period u discover that supplies on hand equal 5000 so two entry will appear first to approve supplies expense and entry will be DR supplies expense CR supplies and other entry to record ending inventory of supplies
@mariirenee975 жыл бұрын
You are great!
@simplycax10 жыл бұрын
Thank you, you are VERY clear!
@tedoymisojos5 жыл бұрын
Very helpful
@TheSugarplum77012 жыл бұрын
@d3nzh3ll3 No, it does not affect capital. It reduces cash by $200 and increases office supplies by 200. Hope this helps.
@Happy2be4c10 жыл бұрын
Thank you this is very helpful!!!!
@954rico10 жыл бұрын
I just started taking a class on accounting, I could not understand at first but since I been watching your videos I am now starting to see the picture, is there a direct link to all of your videos.
@geoff34524 жыл бұрын
Very helpful videos, is the equation for equity in this video (capital withdraws expenses revenue) for sole proprietorship only??
@mattfisher644 жыл бұрын
Geoff U ren for a corporation it would be common stock, retained earnings, revenues and expenses
@rachello8012 жыл бұрын
very clear!!!
@supamarkzyxe13 жыл бұрын
thanks sir
@thatarmyveteranguy24908 жыл бұрын
My professor goes by SHE as common stock + retained earnings - Dividends + Revenues - Expenses. Is this way and your way of Capital - Withdrawals + Revenue - Expenses similar? If so, then how?
@irlzy11 жыл бұрын
you would debit expenses by 200 and either debit an asset account (like cash) or debit a liability account (like accounts payable)
@LRaineS308 жыл бұрын
Thank you so much for this!!
@TheKeyester9 жыл бұрын
Taking HBX and this is much more clear!!!
@MrTwkproductions12 жыл бұрын
quick question, if Exp. is at -200 would you subtract the exp. as a negative? (e.i. - (-200) = +200 or just -200)
@tg-us3hw4 жыл бұрын
Thank you so much bro !!
@MsValeryB8 жыл бұрын
YOU ARE AMAZING
@reginaclifford63059 жыл бұрын
So helpful!
@hrishikeshbhagwat337810 жыл бұрын
very clear! thank you
@rumpasangma2925 жыл бұрын
thank you sir
@JustinRiray8 жыл бұрын
Anyone know if we even log journal entries for "immaterial transactions?" I can't find it anywhere online or in my notes. Also if we do, is there a special format or description?
@hathawayamato8 жыл бұрын
Question: on the left hand side you deducted 4,000 from cash to pay for the liability, however on the right hand side capital stayed the same. I understand this balances out, but I don't understand why capital doesn't decrease by 4,000 as well?
@shonefob8 жыл бұрын
I believe it is due to the fact that even though he spent $4,000 if the $20,000 he put in he still owns $20,000 worth of the stock.
@totroyalan2111 жыл бұрын
Can I ask a question? You said you sold pizza, right? Where's the part that's showing that your supplies has decreased? Dr - Supplies Expense Cr - Supplies
@samyyousef92698 жыл бұрын
thats better than selling pampers😂😂😂🔥
@jasminetan59419 жыл бұрын
thank you very much!!
@dimitrigbo657011 жыл бұрын
LEGEND!!!
@lauryoo9110 жыл бұрын
Than You!!!!!!!!!!!!!
@mhamedsadik19587 жыл бұрын
a Amazing. but please could you number the videos. I really don't know first from the last. thank you.
@buddymyhomeboy12310 жыл бұрын
Thank you
@MacGuOfficial8 жыл бұрын
VERY NICE! I SUBSCRIB!
@goliador19956 жыл бұрын
thank you
@bunnandjenn94057 жыл бұрын
Thanks a lot
@StephenDoyle_11 жыл бұрын
he reminds me of saul goodman...
@maneveryusernameisse10 жыл бұрын
Does this man teach somewere? What textbook ? Looks like hes talking to jis students? Who also watch him?
@dungadavidd11 жыл бұрын
whats the text book he keeps mentioning ?
@user-nu2vc9mp5j8 жыл бұрын
I don't get why liability + capital = asset? if capital is what you worth and loan is what you owe? shouldn't it be capital - liability= asset?
@amanaprintingsigns26955 жыл бұрын
Think of assets as whatever is in your hands to run the company. So if you put 10,000 from your own pocket into the company (capital) and you borrow 10,000 from the bank and put it into your company ( liability ), then the assets you have in your hands to run the company is 20,000. Therefore Assets = liabilities + capital
@logitech205011 жыл бұрын
Hi Matt, could you please let me know the text book recommended for this. thanks.
@jkanyae13 жыл бұрын
They're MINE, they're MY SALES. Awesome. 4:10
@alexmaschino34009 жыл бұрын
I love you.
@gomezsamir7 жыл бұрын
Why don't we call an asset something that puts money in your pockets via capital gains or passive income?
@soccerlover2478 жыл бұрын
Which textbook is he referring to??
@rebaseymour18105 жыл бұрын
soccerlover247 This is a video from the Penn Foster Accounting Program. The Textbook is: Financial Accounting 3rd Edition By Robert Kemp & Jeffrey Waybright
@davidfox33744 жыл бұрын
what text book?Ill get one
@MusicInMae11 жыл бұрын
i love you.
@Sarah33Kaufman7 жыл бұрын
Why the $200 is "expense" and not liability? It is account payable after all.
@mejammelmejamel94297 жыл бұрын
It's already an expense, so it decreases Equity. And as long as that expense was immediately paid in cash, it was not presented as a liability.
@gaigepyatt10164 жыл бұрын
what a gangster
@cryboycry69697 жыл бұрын
if we pay our employee it would decrease cash but why expense is decreased... liablity should decrease i think... can u clear it out plEase... :)
@mostafa_hafiz7 жыл бұрын
exp and cash are debit nature by paying salaries u decrease cash and increase exp so exp must be in the other side of equation
@mejammelmejamel94297 жыл бұрын
The increase in the expense reduced Equity in the form of cash reduction.
@mostafa_hafiz7 жыл бұрын
yes u r right
@SIROFNOBLERECORDS11 жыл бұрын
You're not paying to learn. You are paying to show that you have learned. #degree
@powava1008 жыл бұрын
what textbook let me get the ISBN#
@abuvyrmom5 жыл бұрын
can i super like a video?
@catalinamunoz74434 жыл бұрын
whats the name of the textbook?
@mattfisher644 жыл бұрын
Fundamental accounting principles by McGraw Hill. Any edition is ok
@ramib8874Ай бұрын
Don't wages increase expense?
@mattfisher64Ай бұрын
Yes
@ramib8874Ай бұрын
@@mattfisher64 At 4:35 min, you say salary decreases expense
@mattfisher64Ай бұрын
@@ramib8874 it decreases the overall equity. But the actual expense does increase