The ACCOUNTING EQUATION For BEGINNERS

[@emmalani6701]

I have a bachelor's degree in accounting and this 5 minute video was more helpful than all of my accounting courses....

[@AccountingStuff]

Hey Emma, glad to hear the video helped! Sometimes it's useful to revisit the basics

[@casdessers9105]

Same story here, even a masters in finance and risk, but this just could've made things way easier back in the days

[@salty_kenz5080]

do your rly have a bachelor's degree thooo hmmmm?

[@music_tvuz7050]

@Lyrtha Kalas welcome to the whole world education system

[@TheLysila]

YES!

[@irl8796]

Anyone getting into accounting now, you’ll learn more from this 5 minute video that makes sense, than about 8 hours of your first classes in accounting

[@zechrojas2202]

Yes!

[@steamysteams1537]

bro just mock my indian lecture in single comment

[@madebytashalarae]

That is definitely me!

[@unknown-np5fm]

You're a bloody legend for splitting the video up into titled sections. First time I've ever seen that on KZbin to be honest, and it's definitely one of those things you didn't know you wanted until you had it. Great video. You should probably allow ads on your videos as soon as you can cause this is good content and you should be paid for it.

[@AccountingStuff]

Thanks Jonah!!

[@maxland3481]

Man, you're genius. I'm a high school financial accounting teacher and your video will help me a lot when explaining accounting equation to the first year students as I'll be teaching it today.

[@gideonmendoza2067]

Wish you The best maam

[@JackDaniels-ee1fo]

You are teaching accounting in High School? Man, must be a good high school. I usually refer to high school as only really useful for basic stuff like math and history, add geography if they can teach that well, but to be teaching something as career practical as accounting is something else, glad some schools are getting better at recognizing useful material

[@jayrajmali4030]

There are many videos for accountancy but this video was best

[@AccountingStuff]

Cheers buddy 🙂

[@syahiranajihaibrahim2190]

agreeeeee>

[@milesaustin1120]

James I wanted to say thank you. I just passed my MBAs accounting exam and I don't think I would have done anywhere near as well without your videos, many many thanks.

[@AccountingStuff]

Congrats Miles, well done!!!

[@ibbybash1558]

Hello Miles. May i please ask, as i possibly want to pursue a career in accounting. Is it hard and boring?

[@stffaluffagus]

Accounting can be challenging at times but a rewarding career. You do mostly sit at a desk all day so there’s that. If you are highly interested I would suggest a shadow or internship to test out the waters before you decide completely.

[@ibbybash1558]

@@stffaluffagus Thank you so much!

[@PhilipEapen]

You succeeded in teaching me my first lesson in accounting. I've had so many teachers over the years who tried and failed. Thank you.

[@AccountingStuff]

It is a pleasure!

[@musicfanBRA]

I was struggling with the logic of this equation, but the idea that what you owe depends on who the lender is (so, Liabilities for 3rd parties, Equity for the owners) is a GENIUS way of explaining it. Thank you!

[@AccountingStuff]

Great to hear it's clicking for you

[@koteswarris8949]

You are singlehandedly saving my career lol. I watched this in my 11th grade 5 years ago, I'm taking my CMA exams (equivalent to CFA kind of in India) and here I am watching your videos again. Thank you so much!!

[@gailspitzer4975]

Great video! I took accounting 30 years ago and am now re-freshing my accounting in hopes of opening a business in my retirement years. I love your simple, clear explanations!

[@AccountingStuff]

Cheers Gail! We all have to return to the basics from time to time. Have a happy new year!

[@GetRight249]

That was one of the best explanations I've heard for any topic. Great job

[@AccountingStuff]

Thanks, I’m glad you found it useful

[@kellymckay544]

This is absolutely wonderful!!! Better explanations than 3 semesters of accounting coursework and a year and a half of bookkeeping work that I've done. Thank you, please keep making more of these.

[@easymoneyhooper2974]

Learnt more in a week of watching your videos than a semester of accounting at degree level, thank you so much bro your a life saviour!

[@bernardyeo9077]

Best accounting channel on KZbin! Thank you James

[@AccountingStuff]

Thanks for your kind words!

[@ductator4479]

you have saved me 2 lectures worth of learning in literally 5min, lad

[@AccountingStuff]

Hope it's making sense :)

[@matt-tastic7827]

Do you know how hard it is to find someone who 1) knows accounting. 2) it actually good at teaching. 3) makes quality videos. I’m not joking when I say this, your literally the reason I’m gonna pass my accounting class.

[@laniloveaj]

Man... can you teach professor's how to teach?

[@AyurrRBX]

dude I agree, I don't understand anything at school.

[@laniloveaj]

@@AyurrRBX he helped me get a B on my 1st test.

[@yueyue4793]

no doubt that

[@tydonnelly7444]

Amen!! Preach

[@majestinostario1341]

Actually, he's amazing, am wondering if he's doing personal coaching

[@lewisdiana-edgar6429]

this guy is the only person who can make accounting understandable

[@ntokozomduna637]

Dude! Wish I had your videos in my first year studying accounting. This is a gold mine. I'm sharing it with friends.

[@AccountingStuff]

Cheers mate, thanks for sharing!

[@rambot670]

Thank you so much ! My course directly told me that the sale of merchandise of $100 : 1) Increases cash by $100 2) Increases Retained Earnings by $100 I was unable to reconcile this until I watched your video ! Also, Stuff that business owns = Stuff that business Owes.... so powerful yet simple !!

[@jobkhanyile1451]

The best teacher I have ever seen on KZbin thus far hands down

[@AccountingStuff]

Thanks for your kind words!

[@darylyue2026]

Thank you so much James! Just to support some English. For anyone who doesn't know "mark up" means, "mark up" means increased price of goods. From 3:00 in the video, there is "60% mark up on cost". The cost is $5, the increased price is $3 ($5*60%), which means the "mark up" is $3. Therefore, the original cost is $5, the mark up is $3, the sale price is $8. Hope it helps! And correct if I were wrong.

[@crismejeli2082]

really helped to understand

[@darylyue2026]

@@crismejeli2082 Thanks Cris!

[@bdbbdb6483]

I'm currently in a accounting class as a junior and you explained this better than my teacher . I was lost at sea when my teacher taught me this but I came to this and I think I have a better knowledge. Thanks

[@sarahmjones13]

This is exactly how I felt after we covered it in our lesson.... I thought I'd never get it but this video has just made everything clear!

[@AccountingStuff]

No worries, I'm glad to hear that it's making more sense for you!

[@AccountingStuff]

@@sarahmjones13 That's awesome!

[@bethsbest17]

I found out about you a few months ago and now resort to your videos anytime I'm confused or looking to further understand Accounting. You're a wonderful teacher and I'm so grateful for your time and dedication to your videos!

[@AccountingStuff]

Thanks for your kind words! All the best with your studies :)

[@koteswarris8479]

Thank you so much ! 2 years ago I watched this exact same video before my exams, and here I am again watching it for revision. Thank you !!!

[@AccountingStuff]

Best of luck!!!

[@ashleyr4702]

The best accounting video for beginners I've seen so far. I am learning accounting with no experience and this video definitely helped me understand the most basic things. can't wait to see the rest of your videos of this Accounting Basics video Series. keep it up!

[@zensukai]

Boy oh boy -- I came across your channel while looking for resources for Bookkeeping, as I am changing gears from IT to bookkeeping/accounting. Your content and presentation is brilliant and I have learned a ton thus far -- more binge watching this weekend. Many thanks for the great work!!! =)

[@Animox26]

IT from Book-keeping as in in CBSE, like you switched the elective?

[@zensukai]

@@Animox26 No, I went from working in the IT (Information and Technology) field to a bookkeeping career.

[@Animox26]

@@zensukai Okay, thanks a lot!.

[@viraloutbreaks99]

OMG! Just the first 2 minutes were more useful than my last month in class.

[@badabing5163]

I just found your channel and these videos are just soo concisee and helpful.. I feel like this channel is underrated.. thanks for the video!

[@AccountingStuff]

Thanks, I'm glad you're enjoying the videos :)

[@DeepDiveBible]

Jeez you are a God sent 😊You have a specific way of making accounting concepts easier to understand. Thanks its really helpful continue posting more videos

[@AccountingStuff]

Thanks, great to hear you're finding these helpful :)

[@minaelisa]

Hi James, thank you for making this accounting subject so fun and alive. really enjoy your video a lot!!! Keep on watching and learning from your awesome videos

[@markwells79]

This was incredibly helpful as someone who has absolutely no experience in this. Your videos were the first I watched on accounting.

[@thomasgolden5499]

James - you are EPIC! Thanks so much for creating these easy to follow (and entertaining!) videos on what can be a confusing subject! I'm starting my own practice (Mediation/Conflict Resolution/ Facilitation) and returning to bookkeeping/accounting after an absence of 20+ years. You've actually made it enjoyable! Every good wish in your own career.

[@AccountingStuff]

Thanks Thomas and best of luck with your new practice!

[@paulmeek537]

I graduated with my accounting degree back in 2008 and your videos are a very good refresher!

[@AccountingStuff]

It definitely helps to go back to basics from time to time. Cheers!

[@jamiecampbell690]

What a great start. With the number of books I have bought on Accounting I could open a small library. At last, some clarity from you right from the outset. Thank you.

[@AccountingStuff]

Cheers Jamie, glad the video helped you out! Would you recommend any of those books? I am looking for new ones to review

[@jamiecampbell690]

Accounting Stuff of course. Do you want me to reply here or direct where I can send you screenshots.? Jamie

[@sarahh9903]

I've been struggling to understand debits and credits since my first accounting class this is the first time it's been explained and visually shown in a way that it really clicked for me. Thank you so much for making this video! You've gained another subscriber!

[@AccountingStuff]

Nice one Sarah! Debits and Credits can be so confusing. Glad they are making sense now

[@afrah4594]

Great!!! so helpful I just started ACCA after my Bachelor which is waaaay different than my major,, this really helped me a lot perfect series for a beginner like me

[@AccountingStuff]

That's great! I did the ACA which is similar to the ACCA so can feel your pain! Happy to hear that you find these useful. Best of luck with the course!

[@farahabdullah4838]

@@AccountingStuff I would like to request for you to share something like 5 reasons abt ACA and related to that. Extremely curious to know. It just a thought that it will help many people out there .

[@AccountingStuff]

@@farahabdullah4838 Thanks for your request!

[@eto112358132134]

Shirt! I spent 4h to learn all of this in 2 chapters of Survey of Accounting and you made it all clear with a 5min video? You are a life saver!

[@AccountingStuff]

Great to hear it's making sense!

[@Adivhaho1]

The best explanation I've listened to so far. Thank you.

[@AccountingStuff]

Cheers, I'm happy to help!

[@zechrojas2202]

I'm so happy I found your channel I could cry. I'm trying to go back to school to provide for my daughter and my teacher only reads out of the book. I feel like I can actually do this now. Much love from Texas!

[@bestintaste4708]

This is very first channel i have subscribed for accounting learning as I found it good. Just wanted to make a point here.if you could slow down your speed , will help you understand better. Thanks . You are doing good. Keep it up

[@AccountingStuff]

Hey, thanks for the sub! I appreciate the feedback and will bear it in mind for future videos. I the meantime... have you tried slowing the speed of the KZbin video in the settings, maybe that will help?

[@bestintaste4708]

Thanks for considering my point. I m afraid if I know it.

[@jtumulak7]

man you made my life easier! ive read counless of articles online but still struggle understanding accounting stuff fully. this is highly recommended to my friends and colleagues. subscribed and liked all videos. hope this helps spread your videos, thanks man!

[@AccountingStuff]

Legend, thanks for all your support! I'm glad to hear that vids are helping you out

[@juliakkristinsson]

This was so helpful, thank you! I finally understand

[@ItsInFeRNoXiiCxD]

This channel WILL help me become an accountant. Better to learn early than wait to learn!

[@AccountingStuff]

You've got this!

[@tmillion]

nice job!! I liked the visuals & graphics. good clear & simple explanation

[@AccountingStuff]

Thanks Tina! Those graphics take a long time to make so I'm glad you liked them

[@mokshkhadria1226]

The best teacher i found on youtube for accounts

[@AccountingStuff]

Thank you :)

[@mokshkhadria1226]

​@@AccountingStuff@ Hey I am from INDIA and new to accounting from which video lesson I should start . From which country are you?

[@AccountingStuff]

@@mokshkhadria1226 I'm from England, but I live in Australia. I'd recommend starting here: kzbin.info/aero/PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb

[@mokshkhadria1226]

@@AccountingStuff thanks ❤️

[@deepama2342]

Hey 😁 I'm done with my exam yesterday....it went well!!! Thx for those videos 😍🤗🙏

[@AccountingStuff]

Well done, I'm happy it went well! 👍

[@wildrose5357]

Finally the video I've been looking for!! One that doesn't just say which one is debit which one is credit, but actually explains it. Great job! Thanks for posting this.

[@AccountingStuff]

Glad you found it useful!

[@101barky]

Great stuff James - I'm an accounting dummy and this makes it really clear.

[@AccountingStuff]

Thanks Eddie!

[@101barky]

Its great James - of course its Alison commenting. Eddie is no accounting dummy.

[@AccountingStuff]

Haha good to know Eddie is all over this. Thanks Alison!

[@liamh9135]

Dude, youre a real teacher. A lot of professors have the knowledge but they are NOT TEACHER. They understand it but they cant explain it to others so that other people can also easily understand it

[@AccountingStuff]

Cheers that's kind of you to say!

[@liamh9135]

@@AccountingStuff I'm wondering what Canadian city you're at? I'm in Calgary

[@AccountingStuff]

@@liamh9135 I'm in Vancouver, not too far away!

[@jayrajmali4030]

It was amazing. Plz explain depreciation,provisions and Reserves

[@AccountingStuff]

Thanks for your suggestion! A few people have been asking for the same topics so I will make sure to cover them in the future 👍

[@edwardaviles7828]

This link came up on my browser when looking into something about accounting. I clicked on it just for fun and out of curiosity. I have a Bachelors in Business with a concentration in accounting and have never in my life seen this so simplified. Great job! I am subscribed!

[@AccountingStuff]

Cheers Edward!

[@koleni3887]

Hi James, thank you for always uploading such useful stuff I am completely lost at school. You helped me a lot for my previous test, thanks again.. We are now on the topic « TAX ACCOUNTING » could you do something on that too pleeaaaase 🥺

[@AccountingStuff]

Thanks for your suggestion!

[@krismerchant6127]

My goodness. This whole series is SO helpful. The stuff our school gives us is not nearly this good. This series is such a great primer. Can't thank you enough for doing this!

[@AccountingStuff]

Cheers Kris! All the best :)

[@lauragonzalez4962]

So helpful! Thank you

[@AccountingStuff]

No worries :)

[@thevictoriouslife6909]

Explained it better than my old accounting teacher! Wasted 2 years for nothing but within 4 mins learned so much from you, Thank youuu! Excellent!

[@AccountingStuff]

No problem, glad you found the video useful!

[@kellyhawthorne3629]

Thank you, thank you, thank you! You just made everything "click" for me. 😄

[@AccountingStuff]

Cheers Kelly, great to hear it's making sense

[@tHeBlaCkbRackEt]

It's very useful to youths instead of see useless video we can study thanks bro ❤

[@WonderrOnYT]

I am getting a %100 in my financial accounting class iA this year.

[@AccountingStuff]

I hope so! Good luck!!

[@madebytashalarae]

I'm taking accounting courses right now for my Bachelor's and your videos are saving the day!! I've been trying to understand debits & credits for hours now and the more I watch your videos the more it makes sense. I'm gonna keep watching but I had to say thank you for this!!

[@AccountingStuff]

Great to hear it's clicking for you :)

[@venstarlord]

Jus like a re breather of my high school Accounts

[@AccountingStuff]

I hope it helped you refresh your memory

[@TheFinancialController]

Congrats 🎉 on your 100k. I have been a long time fan/sub.

[@AccountingStuff]

Thanks mate!

[@wilpse]

My Accounting teacher played us one of his videos and she said that he's attractive😭

[@MhlavaSambo]

😭😩✊😂

[@jenniferwood4916]

I'm in MS. in IT management at WGU and I'm seriously considering posting this account up in the forums for WGU for our Financial Management course cause its like 10x better than the textbook and gets me to understanding WAY faster

[@dichvuketoancaf]

good Job

[@AccountingStuff]

Thanks!

[@alial-agbari9183]

I have watched tons of videos and read lots of books to just understand the same amount of knowledge this video COVERS IN 4 MINUTES .. YOU ARE THE BOSS

[@AccountingStuff]

Thanks, glad you found it helpful!

[@alina2674]

What is the cost for popcorn and where does it come from ? 🤷🏼‍♀️

[@bimogushatriastanto]

The popcorn was his own equity, he takes it by himself to the company (no Cost/Liability). U might notice he credited the Owner Equity when he added the Popcorn as Inventory.

[@peterliao6045]

Hello, I'm an undergrad about to take accountancy in university this year and discovering your channel is probably the best thing that happened during quarantine. Really appreciate what you do. Keep it up man, you earned a sub :)

[@AccountingStuff]

Cheers Peter, I'm happy to help! All the best with your studies

[@WildcardASMR]

For easy reference: 0.75x playback speed Thank me later ;)

[@Kizzysama]

I've just started a Bcomm degree with Accounting as a foundational module, which I'm so hopeless at, and I never felt so comfortable in my learning process. Thanks, James.

[@AccountingStuff]

Keep on practicing and it'll start to click for you. You've got this!

[@panagiotikontos2724]

could you do an income statement please

[@AccountingStuff]

Will do!

[@lillymcandrews5068]

I am in an accounting class for college right now. I was so frustrated with the videos school provided, this video taught me more than any of them

[@guxun334]

how on earth someone dislike this vid!😞

[@tanushkaverma1912]

You are the one who really wants us to learn and so you make everything which can be understood by everyone in need and love the way you reply to all the comments👍 Accountancy is easy when we learn from someone like you... Blessed to find your channel ❤️

[@AccountingStuff]

Glad you're finding these helpful! All the best :)

[@CristianSanchez-fs6vk]

I got confused on the 60% mark up on cost part, would someone be able to clarify it for me?

[@AccountingStuff]

Apologies, I should have been clearer... A Mark Up on Cost is the difference between the Selling Price and the Cost of Goods expressed as a percentage of the cost. So if the Goods costed $5 then then a 60% mark up would mean $3 of profit (60% x $5) which means the total selling price is $8

[@joseeboulanger7427]

I'm currently watching these videos because my small company has asked me to help with the accounting, and it's been tricky until now - you are amazing. Super informative videos, very accessible and incredibly helpful as a series. A thousand times thank you for producing these videos.

[@AccountingStuff]

Thanks! Happy to help :)

[@salwaabusin2632]

are we gonna ignore the fact that you never blinked lmao.

[@AccountingStuff]

I never blink.

[@ultralegendarybeast101]

@@AccountingStuff I have seen it in other videos!

[@manallifestyle2041]

This is by far the best accounting / finance related video I have ever watched.

[@AccountingStuff]

That's kind of you to say!

[@rushikeshmore6067]

Great man...... I spend 70000rupes in education and didn't know anything... And you are giving it in free and I am understanding it...

[@AccountingStuff]

Glad it's making sense :)

[@centsablechat1551]

Wow! THANK YOU!!!!! I've been trying to wrap my head around this concept for more years than I care to share - and YOU are the only one who's ever explained it in terms I can fully understand. Now I'm confident I can pass my intro accounting class!!!! THANK YOU!!!!!!!!!!!!!!!!!!!!!!!!!

[@AccountingStuff]

You got this! Good luck!!

[@centsablechat1551]

@@AccountingStuff Thanks!

[@maihaider99]

I’ve financial accounting degree 7 years ago and didn’t work as accountant but I swear now I understand it well I was looking for someone who learn me it simply thank you 😊

[@AccountingStuff]

No problem, great to hear it's making sense

[@Andykuromi]

You are my hero dude. Thank you so much, you've simplified accounting for me and I'm getting a better idea. I'm taking intro accounting and I'm lost but you saved my life bro. THANK YOU!!!!! Subscriber 4 life!!!

[@AccountingStuff]

Great to hear that you're finding these vids helpful!

[@jeanclgnnn]

man i just started the university and i’m studying this stuff: you are saving my life thank you so much!!

[@AccountingStuff]

No worries Jean, good luck with your studies!

[@pscrypto966]

Finally understand it. Everyone was explaining it wrong. I never thought cash was also equity, so it makes sense as an equation.

[@CENZ.]

a year ago when i just started my college i did not pay attention to the basics and it was really troubling me now thanks fro the help

[@AccountingStuff]

No worries, let me know if there are any topics that you're having trouble with

[@lynnlambert3068]

Thank you so much!! I've sampled MANY youtube accounting videos but always find your videos to be understandable, clear and concise!!! You are my go to (youtube) guy for understanding accounting principles!!!!!

[@AccountingStuff]

Thanks Lynn, glad you're finding these helpful :)

[@Michiganian8]

I was looking for a channel like this. Thanks for the helpful info.😁👍🏽

[@AccountingStuff]

No worries, hope it helps!

[@Diaryofawallflowerr]

I have test in a couple days and these videos are what I'm bringing rn, super helpful ty !!

[@moandtell]

Finding you now on my new journey of obtaining my MSA! Thank you for all that you're doing/done to teach others!

[@amberwatson2063]

Have tried to learn this for so long!......I finally get it! 100% subscribed 🤗

[@AccountingStuff]

Wooo! Glad it's making sense. Thanks for the sub :)

[@---GOD---]

I've spent the past hour reading up various definitions to figure out how this formula works.. like how can your liabilities be considered assets? But after watching your video, it all makes sense. Everything balances out and that's how it works :)

[@AccountingStuff]

Great to hear it's making sense!

[@lc6027]

Thank you sooooo much for providing this tutorial! You helped to simplify something that textbooks just can't seem to present in such a clear and concise manner. I'm taking Accounting for the upteenth time right now because the textbooks just aren't drawing me in. Your video helped answer a lot of questions!

[@AccountingStuff]

Great to hear it's clicking for you!

[@virgnthermostat5928]

I'm taking accounting in college and your example is absolutely more understandable than my professors. Thank you

[@shaileshnautiyal9816]

Well explained. Your presentation is awsome. Short videos with a lot of learning. Thank you !

[@AccountingStuff]

Cheers!

[@Sanii3845]

I love the way you explain things. You make it so much easier to understand. Thanks for this video! Looking forward to checking out the others.

[@AccountingStuff]

Thanks Shamz! I'm glad you enjoyed it. Hope you're keeping safe

[@kelvinogohi5846]

thank you so much man I had a hard time understanding in class but this video had helped a lot

[@AccountingStuff]

No worries, glad it helped!

[@sangwhawoo7559]

Thanks for such a great explanation for all this principle that I had hard time understanding at first. I would like to watch more of your videos and recommend your channel to any other friends who want to learn accounting!

[@joshualaveaga9890]

I don't you understand how helpful this is to me during my accounting class. thank you so much

[@AccountingStuff]

No problem Joshua, hope your studies are going well :)

[@massisadat5293]

Love this way of teaching ❤❤❤

[@AccountingStuff]

Thanks, glad you enjoyed it!