The INCOME STATEMENT Explained (Profit & Loss / P&L)

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Accounting Stuff

Accounting Stuff

Күн бұрын

Пікірлер: 1 000
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Who'd like to see some videos on Financial Ratio Analysis? TIMESTAMPS 00:00 - Intro 01:02 - Income Statement Definition 01:10 - What a Basic Income Statement Looks Like 02:10 - An Analogy 02:37 - Expanding the Income Statement 03:16 - Direct Costs - Cost of Sales 04:48 - Gross Profit 05:10 - Indirect Costs - Overheads 06:15 - Operating Profit 06:42 - Comparative Periods 07:18 - Example - Imaginary Company 08:17 - Financial Ratio Analysis - Gross Profit Margin 09:34 - Interest Expenses & Tax 10:01 - Net Profit 10:12 - Gross Profit vs Operating Profit vs Net Profit
@laytonhow1679
@laytonhow1679 4 жыл бұрын
My exam is in a week hurry!! Great content dude you explain so clearly very helpful for my A Level :)
@AccountingStuff
@AccountingStuff 4 жыл бұрын
@@laytonhow1679 Good luck! Hope it goes well
@pris3675
@pris3675 4 жыл бұрын
Accounting Stuff yesss pls than you so much for what uve been doing
@MuhammadAli-yt6hv
@MuhammadAli-yt6hv 4 жыл бұрын
ME me me yep I would love to see it
@nusynasys8512
@nusynasys8512 4 жыл бұрын
You are reading my mind James! yes please ratio analysis. totally subscribing to your channel.
@gerryendersen4718
@gerryendersen4718 4 жыл бұрын
i love having three hour lectures where I get nothing only to come and watch an 11 minute youtube video after where I learn more
@rayy5538
@rayy5538 3 жыл бұрын
U r right🙂
@muzzammiledoo3876
@muzzammiledoo3876 3 жыл бұрын
That's because there in the 3hrs lecture, you are expecting the lecturer to come and put in your head without YOU trying to make an effort. That is spoon feeding you were expecting. Where as here you have put aside your lazy nature and come to learn. Had you done the same for the 3hrs lecture you would have learnt way more you understood in this video. So put aside your laziness and poisoning ego and start to learn boy.
@gerryendersen4718
@gerryendersen4718 3 жыл бұрын
@@muzzammiledoo3876 okay dude calm down
@hapemokenela7388
@hapemokenela7388 3 жыл бұрын
Know what you mean; Some people are very good at teachers, while others... not so much.
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@niloykarmaker1024
@niloykarmaker1024 5 жыл бұрын
Thanks Buddy!!!!!! The Way You Give Priorities to Your Regular Audience!! Winning Hearts Bro!!!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Haha, thanks!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@infamousprince88
@infamousprince88 Жыл бұрын
Searching the comments to see if Niloy ever crushed his exam
@NutirtionCat
@NutirtionCat 4 жыл бұрын
Don't even know why I bother going to class... Every single topic I've had issues with, you've managed to explain flawlessly in 15 minutes or less. Thank you so much!!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No worries Catalina, glad to hear the vids are helping!
@dgupta9640
@dgupta9640 5 жыл бұрын
For a non-commerce, it's a gift. Thank you for all your videos and vivid examples. These videos may not fetch you a million views but it's a big help for many of us out there, confused and puzzled. So please keep posting your videos and could you please break down the financial statements in part by part and not all in one video. thank you !☺
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks for your feedback! Glad to hear that you are finding these videos helpful. Cheers for your suggestion re: breaking the financial statements down, I would most definitely like to do that in the future!
@DaveCordova
@DaveCordova 5 жыл бұрын
Two minutes in and I already understood what an income statement actually is. Something my lecturer didn't explain over the past weeks and I have a test today. Literally going over all videos relevant to the topics of my test today. You're a gem!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Good luck David!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@chimakwaprettyboy4186
@chimakwaprettyboy4186 3 жыл бұрын
I spent 4K and walked away confused and still paying the damn debt...Thank you for the simplicity of explaining the P&L! I would love the ratios and maybe liquidity as well 🤗🤞🏼
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks for your request! I plan to cover ratios soon :)
@babblesp1367
@babblesp1367 2 жыл бұрын
At least it’s only 4k.
@collinssunshine3646
@collinssunshine3646 3 жыл бұрын
This guy is a teacher...not every lecturer can teach..most of them just complicate your life by making accounts look even more difficult
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@TheHamontree1
@TheHamontree1 5 жыл бұрын
Thanks so much for this. I understand it better when you explain it than my lecturer 😂
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hey Lapine, you are very welcome :)
@QaotixReezuh
@QaotixReezuh 4 жыл бұрын
100000% Wish this guy was my Tutor!
@rasoulrasouli5073
@rasoulrasouli5073 4 жыл бұрын
Same here man, old accountants who act all cocky for knowing this stuff make me hate school altogether
@aam7486
@aam7486 5 жыл бұрын
Thank you so much! I'm completely new to accounting and you've made it easier for me to understand, may God bless you!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
No worries Skylar, it's a tough subject to understand at first. Glad I could help in some small way. All the best
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@princevarghese9930
@princevarghese9930 Жыл бұрын
one thing is clear from your videos, you know your stuff well and you know how to represent it in a way so that one can retain it for long term.
@AccountingStuff
@AccountingStuff Жыл бұрын
Appreciate your positive feedback! Thank you for watching.
@mmiah3732
@mmiah3732 4 жыл бұрын
This guy is an absolute saviour. Dude you're doing amazing
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers mate!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@anjumabdulazyz5444
@anjumabdulazyz5444 3 жыл бұрын
Hey James.. To be honest, I don’t know how you manage to do such a good job every single time. Very well done!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks Anjum!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@babblesp1367
@babblesp1367 2 жыл бұрын
It probably helps that it’s broken down piece by piece.
@MrAin99
@MrAin99 Ай бұрын
I’m a science student but when I read the Rich dad and poor dad book I realized accounting is vitally important for me so just started learning it and then bogged down cuz it was so difficult but your video popped up & then I watched it so now I have to say ACCOUNTING is really EASY thanks a lot❤
@AccountingStuff
@AccountingStuff Ай бұрын
Great to hear it's clicking for you :)
@mrfox7044
@mrfox7044 3 жыл бұрын
I am from Egypt and for the very first time in my life I understand accounting right thank you very much
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Nice one!!
@Kriszti905
@Kriszti905 9 ай бұрын
I am working in Finance & Accounting for many years, but I really found your videos funny, entertaining and useful. I love watching them, please keep up with creating more contents like this. 🥰
@AccountingStuff
@AccountingStuff 9 ай бұрын
Thanks for your kind words. Glad you're enjoying these videos!
@chanelstaine9846
@chanelstaine9846 9 ай бұрын
Same. Really fun seeing these been broken down so simply and clearly.
@SamYoumansS6R16Y
@SamYoumansS6R16Y 5 жыл бұрын
Please do a video on ratios derived from the financial statements! I'd like to know something about the most common ratios before we get to them in class. As always, great video! 🙌
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers for your suggestion Sam! I'm planning to cover it soon.
@fusagasugena
@fusagasugena 4 жыл бұрын
You are the only one who can explain accounting principles easier without being boring. Many thanks for making these videos
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Lili!
@MAAAX2211
@MAAAX2211 4 жыл бұрын
Your explanation is beyond perfect thank you very much
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Adeel!
@simonbell6745
@simonbell6745 4 ай бұрын
Really like the 'cost of goods' explanation being a variable cost and therefore its separation from the admin expenses. Penny dropped nicely for me on that. Its one of things that makes complete sense but only after a really good clear explanation. thank you!
@AccountingStuff
@AccountingStuff 4 ай бұрын
Great to hear it's clicking for you :)
@alohamilkyway3
@alohamilkyway3 5 жыл бұрын
I needed this quick lesson so much for a small business I started. Your videos have helped monitor cash flow better. Thanks so much James!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Nice one Ivy. Got to keep on top of that cash! Good luck with your business.
@sugakookiewith_bts5169
@sugakookiewith_bts5169 3 жыл бұрын
I am never able to pay attention to online classes and this video is my savior! Honestly if I do good in my exam tomorrow I'll buy u the whole world
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Best of luck!! Hope it went well :)
@accordv6er
@accordv6er 3 жыл бұрын
Dude you're the man. Absolute Legend as they say in your parts I believe.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers! Haha
@immaakogwu7366
@immaakogwu7366 5 жыл бұрын
Hi James, your videos on Accounting basics can transform a full grow dummy into a Chartered Accountant. Great!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers Imma! Sometimes we all need a refresh of the basics.
@lizroy9404
@lizroy9404 5 жыл бұрын
I've already watched all your videos literally🤟 Thanks for simplifying them❣ It means a lot for me as a accounting student. Hoping for your next video soon.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers Chersea! I am away on holiday at the moment but have plenty more planned for the future. Good luck for this semester!!
@blessingsomtochukwu168
@blessingsomtochukwu168 4 жыл бұрын
Can i prepare an income statement for a business that is 6 months old
@ankiodzuongdzuong8616
@ankiodzuongdzuong8616 4 ай бұрын
There is no day I don't watch at least one of your videos. Each of your lesson values more than a Bitcoin! Appreciate very much!
@AccountingStuff
@AccountingStuff 4 ай бұрын
Great to hear you're finding them useful :)
@bleinyohannes279
@bleinyohannes279 5 жыл бұрын
Recommended this channel to my classmates and they absolutely love you! We hope you consider doing a video on financial ratio analysis!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks for sharing the channel Blein! I have plans to cover financial ratios at some point
@randylee5651
@randylee5651 4 жыл бұрын
I want to thank you for making these videos, accounting in college is hard and im pretty sure its way harder in real life, but you make it easier. Thank you.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No worries, I'm happy to help!
@abeehahassan857
@abeehahassan857 3 жыл бұрын
Thank you, prepared me for my accounting assessment today Edit: back here cuz of my finals lol 🤡
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No worries, best of luck with it :)
@kumulala7847
@kumulala7847 5 жыл бұрын
Thank goodness for this, my current accounting teacher just reads off her ppt and won't explain anything! this saved me
@AccountingStuff
@AccountingStuff 5 жыл бұрын
That must make for some dry classes. Thanks, I'm happy the vid helped
@BigMxRadio
@BigMxRadio 5 жыл бұрын
the content is a huge help in my review for my midterm! thanks mate!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
No problem, good luck in your midterm!
@BigMxRadio
@BigMxRadio 5 жыл бұрын
Accounting Stuff Literally got 94%
@AccountingStuff
@AccountingStuff 5 жыл бұрын
@@BigMxRadio Damn, well done!!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@danielsilungwe743
@danielsilungwe743 Жыл бұрын
Its very easy to understand a topic after watching these videos. Thanks for your lectures
@AccountingStuff
@AccountingStuff Жыл бұрын
Glad it's making sense!
@annizhao1525
@annizhao1525 2 жыл бұрын
Just wanted to thank you for all the videos that you make! I'm currently in my 1st year of university and have an accounting exam coming up & I just discovered your videos and they've already helped me a lot :) You explain everything so clearly and I also like how you edit your videos to support visual learning, so thank you!!
@abdullahnaveed1222
@abdullahnaveed1222 3 жыл бұрын
Man im soo glad i found this channel ....love from Pakistan ❤️❤️❤️❤️❤️❤️
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers Abdullah! All the best :)
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@sarahreedzuan2017
@sarahreedzuan2017 4 жыл бұрын
Hi, can you make video on how to do the sales forecasting for start up business.. your explanation is the best.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Hey Sarah, thanks for your suggestion!
@julietcobsilen6336
@julietcobsilen6336 4 жыл бұрын
Thank you, I hardly understand my major modules as freshmen, self learning is so not enough then I found this one,,, Thank you soo much again
@AccountingStuff
@AccountingStuff 4 жыл бұрын
It must be hard having to study from home. Hope you're keeping safe and well!
@julietcobsilen6336
@julietcobsilen6336 4 жыл бұрын
😁 gee😁, what!! SIR🤓 has replied respect you much I don't know how to say thank you Because , I Don know, just more thank you😁😁 , more videos to go *
@AccountingStuff
@AccountingStuff 4 жыл бұрын
@@julietcobsilen6336 No worries, I've got a new one coming out next week :)
@peterpansyndrome39
@peterpansyndrome39 5 жыл бұрын
I'm taking an accounting course and your videos have been so helpful. Can you make a video on depreciation and contra asset accounts, having trouble wrapping my head around the text in the textbook. Need your perspective :D
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hey Brett! Thanks for your suggestions, I'll keep those topics in mind.
@zainsaalar149
@zainsaalar149 5 жыл бұрын
The way you explain Accounting in simplified manner is truly outstanding. I wish i had Accounting Teachers like you during my college years. Thank you so much for these videos. GOD bless you.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks Abdullah!
@JJ-to7pn
@JJ-to7pn 5 жыл бұрын
Thank you for uploading these videos. I’m self studying accounting and in preparation to go back to school four or five years down the road i’ve been watching and cross referencing all your videos as they have been incredibly helpful in clarifying and cementing many of the accounting topics found in many of the books and textbooks I’ve been using to study. I just wanted to leave words of encouragement. Your videos have really impacted me in my journey to better improve my life. Keep up the good work I really enjoy your videos! P.S what university accounting textbooks and subjects would you recommend for self study as I have quite a bit of time to prepare.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hey mate, thanks for your comment. I appreciate the encouragement! Good on you for putting all of this effort into learning the subject. I hope it pays off for you! Hmm... I'm afraid there aren't really any textbooks that I can recommend at this stage. Only 'The Accounting Game' which I made a video about. If you discover any, please let me know
@josephanderson1783
@josephanderson1783 4 жыл бұрын
Such a simple, comprehendible explanation. thanks.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Joseph!
@404TRUCKERTV
@404TRUCKERTV 3 жыл бұрын
Omg, why can't professors make learning this easy lol. Love it man, very good!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers, glad you enjoyed it!
@whatisdatt
@whatisdatt 3 жыл бұрын
Thank you so much for this!!! You're amazing. Although I wanted to suggest you solving real questions
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks for your request!
@valentinmoldovan341
@valentinmoldovan341 5 жыл бұрын
Hello, James! :) Great work with all the videos so far, a brilliant idea! :) They are very useful for beginners but also for people who want a refresher/recap, better explained than in many thick and boring books :)
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks Valentin, I'm glad you think so!
@farrahhafeez7875
@farrahhafeez7875 3 жыл бұрын
I'm in online classes and this has helped me more than me reading the text thank you much
@AccountingStuff
@AccountingStuff 3 жыл бұрын
You're most welcome. Happy to help :)
@andrezaandrade1831
@andrezaandrade1831 4 жыл бұрын
Just continue doing this, you're a great teacher! Thanks a lot!!!
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks Andreza, will do!
@nab-rk4ob
@nab-rk4ob Жыл бұрын
When people think of accountants they often think of men in ties hunched over a keyboard, mumbling to themselves--no that was me, except I'm a woman and have never worn a tie. I worked with over fifty project accountants for eight years and they were all wonderfully different. You remind me of them. 😄
@jasmin2239
@jasmin2239 5 жыл бұрын
I'm new to your channel yet you have already contributed greatly to my study of this course. Thank you so much! You are a true hero for aspiring accountants ❤
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks Jasmin, good luck in your course!!
@vaibhavverma9151
@vaibhavverma9151 3 жыл бұрын
I studied science during my school and here I am after graduation trying to learn accounting & I'm absolutely new to it. But you my friend have made is abso-fucking-lutely easy for a fresher like me to understand each and every detail. Amazing job bro. God bless you And that camera part was amazing. Won't forget the difference between P&L and balance sheet ever. I mean the time frames. A hugeee THANKS FROM MY SIDE. Love from India ❤️ Keep shining.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers buddy! I went from Physics to Accounting so I can understand what it's like. All the best :)
@TheNytBlade
@TheNytBlade 5 жыл бұрын
This channel is exactly what i needed, very well put together videos and clear too. Thank you so much!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
I'm glad you think so! Thank you
@maesantino4375
@maesantino4375 3 жыл бұрын
Thank you again Teacher! watch your vids(everynight) its very helpful*
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No worries, best of luck with your studies!
@Wabinator
@Wabinator 4 жыл бұрын
Thanks! This video saved me. Love the way you explain these vids.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No problem!
@rumana5696
@rumana5696 3 жыл бұрын
Struggling with Accounting lessons Go KZbin search - "Accounting Stuff" Ohh! James here Wow!! What a clear explanation
@financeandfitness1262
@financeandfitness1262 4 жыл бұрын
First off, I love your videos. The editing is top notch and the content is succinct. I have a question though. How did you make your intro? Did you purchase it? Thanks in advance.
@rohithkc2231
@rohithkc2231 3 жыл бұрын
Thanks, man for all these videos. Coming from an engineering background and starting my MBA now, I had no clue about accounting. Your videos are a saving grace to me and many others. Please keep up the good work and thank you once again. Stay safe and keep accounting :)
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks and best of luck with your MBA!!
@phildimuro150
@phildimuro150 5 жыл бұрын
Seriously amazing stuff man. These videos are so well made and the quality really shows! Keep it up just sub'd
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks Phil! Great to have you on board :)
@marieclaudettegarella2038
@marieclaudettegarella2038 5 жыл бұрын
Thanks so much. I hope you keep doing videos so that my life can keep being easy...much love from the Netherlands
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers, I don't plan on stopping any time soon!
@rasulbektokhirov4809
@rasulbektokhirov4809 4 жыл бұрын
Very informative and compheresible. Thank you for creating and sharing such a useful content 😊✊🔥🚀🚀
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Glad it was helpful!
@Roger-m2q
@Roger-m2q 6 ай бұрын
A clear breakdown of the income statement. I never knew there was soo many indirect expenses which is particularly useful for me because it helps me grasp some of the costs involved other then raw materials
@AccountingStuff
@AccountingStuff 6 ай бұрын
Great to hear it helped!
@ishontz
@ishontz 4 жыл бұрын
You're a legend. Thank you. Keep up the good work:)
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Shontz, glad you enjoyed the vid!
@tarhlinda4185
@tarhlinda4185 3 жыл бұрын
From Cameroon but i love watching your lectures they are easy to understand more courage ...you just help me in income statement... Thanks
@AccountingStuff
@AccountingStuff 3 жыл бұрын
No worries, all the best with your studies!
@tarhlinda4185
@tarhlinda4185 3 жыл бұрын
@@AccountingStuff thank you
@AccountingStuff
@AccountingStuff 3 жыл бұрын
@@tarhlinda4185 You're welcome :)
@ericalee3604
@ericalee3604 5 жыл бұрын
James, I found your videos super informative. Thanks a lot! Can you also do a video about different types of entities? And how the taxes work for each? :)
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Cheers for your suggestions Erica, I'll keep those in mind!
@sekaigwaza1080
@sekaigwaza1080 4 жыл бұрын
thanks buddie
@katiebrott4080
@katiebrott4080 3 жыл бұрын
Okay please believe everyone when they say they learn more from you then in class because it is no lie!!! I'm amazed
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Glad you're finding these helpful!
@niloykarmaker1024
@niloykarmaker1024 5 жыл бұрын
yes!!!!!!! Thank You So Much!!!!!!!!!!!!!!!!!! Thank You
@AccountingStuff
@AccountingStuff 5 жыл бұрын
No problem at all
@afar2011
@afar2011 4 жыл бұрын
Just wow!! You did a great job explaining this tricky topic. Thank you
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No problem Rafael, hope it's making sense
@CH-ff3dk
@CH-ff3dk 5 жыл бұрын
Please create management accounting videos soon. I will be taking this class soon.
@asfahsabrie6207
@asfahsabrie6207 5 жыл бұрын
Yes plzz
@joeyen6983
@joeyen6983 5 жыл бұрын
Thank you for your videos. I'm a marketing student and you're channel helps me a lot with my accounting subject.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
No worries Andy, glad to hear the vids are helping
@treemane0
@treemane0 5 жыл бұрын
Hell yeah, been waiting for this for a long time now🔥
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hope it was worth the wait!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@afiannessa2456
@afiannessa2456 2 жыл бұрын
First I didn’t understand at alll what the potato you were saying.. .then i determined to write it down...and yess I got it now..i only wanted some basics to grab..thanks million!!🌼🌼🌼🌼🌼
@niloykarmaker1024
@niloykarmaker1024 4 жыл бұрын
Hey bro! Its been months. I need a favor bro! Can you make a video on "Principles of Accounting" where all the principles are discussed. BADLY NEED THIS!!
@seblethics7386
@seblethics7386 5 жыл бұрын
Came here for the accounting stuff. Left with a deep understanding that whatever you do, you should do with passion.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Amen to that, all the best!
@ericcvt
@ericcvt 4 жыл бұрын
It was information overload. I know income statement is simple. Keep it so the average Joe understands. U started tossing complex concepts. I became lost.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks for your feedback!
@suleimanshaik
@suleimanshaik 2 жыл бұрын
I love the simplicity of the video. Helps us "non-finance guys understand the basics. Thanks
@CDMSinceYoung
@CDMSinceYoung 4 жыл бұрын
Could you make a video on basis periods and overlap. Cheers mate
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@БиткоинСегодня
@БиткоинСегодня 4 жыл бұрын
Very lively and understandable form of exposition. Thanks for the work you've done. Hi from Belarus
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks buddy!
@donearlallysonbautista218
@donearlallysonbautista218 3 жыл бұрын
now i can do my activities without any confusion. idk why they add accounting in high school 🤧
@rameshdahal2842
@rameshdahal2842 4 жыл бұрын
I wouldn't have to bear the loss if I had known this knowledge before. Thanks for the video.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No worries, hope you're keeping safe!
@khadejakhan6708
@khadejakhan6708 5 жыл бұрын
Can you please make a video on valuation of inventories... like FIFO LIFO etc.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Hey Khadeja, thanks for your suggestions, I would like to cover Inventory sometime soon!
@khadejakhan6708
@khadejakhan6708 5 жыл бұрын
@@AccountingStuff Also, it'd be amazing if you make a video on debentures and shares... as your videos are amazing
@AccountingStuff
@AccountingStuff 5 жыл бұрын
@@khadejakhan6708 Cheers, I'll keep those in mind too
@paradaparada549
@paradaparada549 5 жыл бұрын
@@AccountingStuff Can you please do a video on the Multi-step income statement with discontinued operations and the comprehensive income? Pleeaseee... Many thx!
@AccountingStuff
@AccountingStuff 5 жыл бұрын
@@paradaparada549 Thanks for your requests!
@lisettnoa509
@lisettnoa509 3 жыл бұрын
I love how you teach. Thank you so much for putting these videos together.
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks for watching!
@FatiFati-qm5xs
@FatiFati-qm5xs 3 жыл бұрын
kzbin.info/www/bejne/n36ygaiYoqqUp6s
@mmopiemangmmopiemang26
@mmopiemangmmopiemang26 4 жыл бұрын
thanks man! This Is Daymond. My examinations are around the corner. AND I am a little confused on the subscription account so could you please make one explaining all the concepts? Daymond Mmopiemang.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Hey Daymond, thanks for your suggestion. When are your exams?
@amanbekovdaniel4330
@amanbekovdaniel4330 3 жыл бұрын
his videos are so professional. Good job man!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks, glad you enjoyed it :)
@auroradennis5682
@auroradennis5682 Жыл бұрын
Investing in crypto currency is the best investment anyone can do This season because it has made a lot of people millionaires. I pray that anyone who reads this will be successful in life
@madelynkevin3214
@madelynkevin3214 Жыл бұрын
People are scared of investing because of the high rate of scam in the business
@madelynkevin3214
@madelynkevin3214 Жыл бұрын
Making them to remain poor out of ignorance
@tylerdexter4038
@tylerdexter4038 Жыл бұрын
I'm from France, I and two other of my friends tried him immediately, we testified
@tylerdexter4038
@tylerdexter4038 Жыл бұрын
He's really the best plug, me and my friends had made a lot through him.
@tommiesosa5712
@tommiesosa5712 Жыл бұрын
I'm now a creditor not debtor any more.
@esmem.8252
@esmem.8252 3 жыл бұрын
Thank you so much for the videos. I haven’t a clue what the income statement was made and this explained those blanks to me really well. Amazing
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Glad it's making sense! All the best :)
@accountingforbeginners9210
@accountingforbeginners9210 3 жыл бұрын
You have really simplify the income statement,good,well done
@marcofebrianofficial3637
@marcofebrianofficial3637 Жыл бұрын
thank you for all your videos especially this income statement video I listened to this video about 6 times a day for 1 week and I get 100% for my test thank you that whole mark is all because of you
@mamabear71234
@mamabear71234 8 ай бұрын
I enjoy your sense of humor and your simplified method of teaching. You make it simple.
@AccountingStuff
@AccountingStuff 8 ай бұрын
Thanks, glad you're enjoying these :)
@nicolebesler5645
@nicolebesler5645 3 жыл бұрын
I am so thankful I found your videos! THANK YOU, THANK YOU, THANK YOU! You explain everything so concise and clear. I've shed a few tears trying to learn the account basics.. my partner asked if I had turned to youtube for a little assistance. Voila, YOU! Yes! So helpful! I'm binge-watching your videos. No tears today!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Hey Nicole, glad you're finding these helpful! All the best with your studies :)
@royce8338
@royce8338 4 жыл бұрын
This guy is comprehensive. I like it.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks Royce :)
@nakibhassan5883
@nakibhassan5883 4 жыл бұрын
Videos on Financial Ration analysis is a must one...! Would be very helpful if you upload soon. Thanx in advance.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Cheers Nakib! I plan to cover them soon
@locadiah
@locadiah 4 жыл бұрын
i might just be inlove with this guy.i don't feel dumb anymore.thanks James
@AccountingStuff
@AccountingStuff 4 жыл бұрын
No worries, I'm happy to help :)
@Blin4ick88
@Blin4ick88 3 жыл бұрын
Wow man! Incredible approach to explanation. You are a talent. Respect from Russia
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Cheers buddy :)
@Abdullah-zd9hq
@Abdullah-zd9hq 5 жыл бұрын
You explained it better than my prof who has a CFA CPA thank u.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
No worries Abdullah!
@mary-annbinond4664
@mary-annbinond4664 3 жыл бұрын
i love how you edit. The video is clean and very well edited and thought through, love itz
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks, hope you found it useful!
@rgentertainment3302
@rgentertainment3302 4 жыл бұрын
Do you ever use your accounting knowledge to help you choose companies to invest in? Your channel has helped me out immensely btw. Thank you very much sir!
@ronmoreira2572
@ronmoreira2572 5 жыл бұрын
Hello James, let me start by saying THANK YOU. I’ve found your videos educative and entertaining. Unlike other videos about accounting, yours are precise, concise, and rich in content. My question to you is: Where would you record refunds and returns in the lifecycle of sales transactions? Would a refund be recorded as an Expense or Liability? Your knowledge and wisdom are greatly appreciated. Thanks.
@AccountingStuff
@AccountingStuff 5 жыл бұрын
Thanks Roland, great to hear that you're finding the vids helpful. Hmm... The Double-Entry for Refunds would credit Liabilities or Cash (depending on how the refund is processed) and the other side would most likely be a debit to revenue (to reduce 'gross revenue' in the income statement). Hope that helps!
@Lookatlife-Zain
@Lookatlife-Zain 3 жыл бұрын
i have learned more in this video than my half my accounting book :)!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Glad it helped!
@josangloria2111
@josangloria2111 4 жыл бұрын
Awesome videos!!! Keep making videos very useful and informative. Thank you
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks, will do!
@juankukis
@juankukis Жыл бұрын
What a great video, you are really an awesome teacher. Your videos are interesting, captivating, clear and easy to understand (even for me whose first language is not english). Thanks for sharing the video.
@TheFinancialController
@TheFinancialController 4 жыл бұрын
Great Job, happy to see your channel grow.
@AccountingStuff
@AccountingStuff 4 жыл бұрын
Thanks mate!
@Wonderlandkk2978
@Wonderlandkk2978 Жыл бұрын
12hours class didn't even touch the finger of this video, so much easy to understand
@vickykharisma4399
@vickykharisma4399 3 жыл бұрын
Bro I purchased the cheatsheet to support your work. Keep this coming. You got no idea know how much this help other!
@AccountingStuff
@AccountingStuff 3 жыл бұрын
Thanks for your support!! I appreciate it :)
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