Understanding Financial Statements and Accounting: Crash Course Entrepreneurship #15

[@no.reply_]

An official accounting course would be nice

[@DanielTorres-ko3kg]

It's called "crash course"

[@majestinostario1341]

@@MegaYoungday Please can you send the link

[@ShadowHoper]

This show is the new generation of education.

[@jharedcruzada479]

YES!

[@amyflann5674]

@IVN That's why it's called "CrashCouse". It's a quick and basic introduction to an entire field of study. Will watching and understanding CrashCourse Physics be equivalent to getting a physics degree? Of course not. It just helps provide you with a basic understanding of physics. And if you are currently in school studying that subject, it helps you wrap your head around those concepts so you can grapple with the details.

[@aeringothyk5445]

“Barely one year into a business degree and I know that” Congratulations. This isn’t for you. This is for people who just want a quick explanation. Now go start a fortune 500 with that chip on your shoulder.

[@ExcelforAccountants]

As an accountant and youtuber I recognize the great contribution that your channel makes to spread the knowledge of our discipline, they do a great job

[@aeringothyk5445]

lol k. Keep telling yourself that.

[@vonaleee]

She explained everything my prof took an entire sem in 10 min.

[@marwangkhat3756]

Vona Lee facts

[@kimexplorer2901]

It’s 12am. I decided to learn accounting

[@adam-obaseball]

Definitely going to need to watch this episode multiple times to fully understand.

[@imadethistodislikeyourvide2386]

Amen

[@stephanielynn9808]

Studying for my first grad school accounting exam. Bless y'all. I'd love a dedicated accounting course to expand on this and go into more advanced topics!

[@derekwilson8432]

Most important video in the series. Accounting is the nuts and bolts and language of business

[@sfinga151]

It is an interesting video. Maybe for a newbie in accounting it would be useful to explain the accounting formula as: - Assets are what the business OWNS - Equities and liabilities (if they have to be seperate, since equity is only a liability to the owner) are what the business OWES.

[@isapartee]

Anna showing us how to take care of our mental health and now business health... Nice !

[@bunyway]

lol what?! Ana Akana from Equals Three?! Never Thought to see her hosting an Accounting Course! She's a comedy genius!

[@heylana719]

Ana Akana 😍 this was unexpected and I love it

[@nadineahlers2164]

ANNA 😺😻 I'M SO HAPPY YOU'RE PARTNERING WITH CRASH COURSE!! Great job! Thank you for the informative video it helps a lot!!

[@cjc363636]

Here's hoping Anna Akana hosts more CC series. She's a good instructor.

[@lindsayhengehold5341]

Both important topics, thank goodness for CPA’s and accountants!

[@spingus06]

Please do an accounting course please!

[@Shahzaibali-ss5vd]

There should be a complete accounting crash course.

[@trtotally]

at 6:20, it is more common to use assets = liabilities + equity (i would have used the term capital) because in order of payment, creditors are paid first with assets and then owners

[@AccountingandQuickbooks]

Its a nice basic overview .

[@augustaverbian]

We need an accounting subject in CC right?

[@jonathan0225]

wish this was out during my college run.

[@mikaela.c]

this is helping me so much oh my god thank you ! college life online is not it.. but this helped me so THANKS !

[@dylondeec]

Engineering students love spreadsheets, they're like having gum

[@MrAmgadHasan]

I prefer codes more.

[@AlthenaLuna]

I like vegetables AND I like spreadsheets.

[@abubakeralkubati6013]

Pls full accounting videos!

[@trtotally]

equity could also mean liability (creditors' equity) and the owner's equity. in that case, "capital" is more preferrable than owner's equity

[@axb6061]

Dear algorithm, I like this video

[@LadyPinkster]

I love this and I have always love this channel, Khan academy, Smarter everyday.... I am wonder what will happen with their content with COPPA?

[@tylerjoseph5968]

I love how accountants are always shown as genius number crunchers when that’s not the truth at all lol. I have a degree in accounting and I was an accountant for a few years, I thought at that time being an accountant meant I got to crunch numbers all day...boy was I wrong. Most of the accounting software does the calculations for you these days, I ended up getting bored to tears being an accountant because there wasn’t as much analysis as I would’ve hoped for and so now I’m back in school working on a masters in Economics . 🤷🏻‍♂️

[@accountingcaddy9210]

I will challenge that… the term accountant is such a broad term. A person’s job level, work experiences, and job position is dependent on the type of duties in accounting. 1. Entry level accountants, may not have as many number crunching duties and analysis at first, and may mainly record journal entries, prepare account reconciliations, and other projects. 2. There are financial statement auditors, that work in accounting firms that perform extensive analysis on a company’s financial statements, trial balances, and journal entry data and include performing ratio analysis and testing data to ensure numbers are reasonable. 3. There are accountants that work in financial planning and analysis FP&A, and all they do is crunch numbers; creating budgets, forecasts, analyzing variances between budget and forecast, preparing cash forecasts, profitability and headcount analysis etc. Overall, it just depends on the experience and job within “accounting" field.

[@LarryP248]

This is a treasure of knowledge. A comparable book I read was a turning point in my life. "Mastering Money Mindfulness" by Benjamin Hawk

[@jimmykhawand1315]

Does anyone know if at the end of each serie there is like a brief summary to everything discussed in each episode? That would be really nice especially for this serie.

[@hywodena]

This video is something I should have watched as soon as I started my business... God it could have saved me time..

[@joaquimresende]

I am quite certain on your explanation of the Balance Sheet, the Liabilities portion, "Revenue" as explained "revenue we are waiting on" is classified as Accounts Receivable, which would be a Current Asset, not a Liability. Unless it is a Deferred Revenue for services not yet rendered or delivery not yet completed, then it'd be classified as a Liability on the Balance Sheet. Otherwise, great explanation!

[@naomimori5855]

100% a problem there. All I can think is that maybe it was mixed up with credit from suppliers bringing down your working capital? Revenue shouldn't be in your SOFP at all unless it's under retained earnings (which is equity, not liabilities)

[@jonathan0225]

perhaps it's unearned revenue she was talking about.

[@gmsherry1953]

Didn't she also define "assets" and then define "current assets" exactly the same way? (That is, her definition of assets was actually for current assets even though the list included fixed assets?) It starts around 5:05

[@sfinga151]

Maybe it was accrued income, which is a liability, as accrued expenses are assets.

[@joaquimresende]

Ajda Žitnik accrued income? Not sure what you mean by that, unless you are trying to say unearned revenue, which would be a liability. Accrued expenses are in fact liability. However, Pre-Paid expenses are assets.

[@jessicaherrera4354]

You made this simple but informative thank you 😊

[@left_right_men]

good video , but I have a question haunting me ,still couldn't understand . at thought bubble , cash flow spreadsheet ,how there is a item called cash(additions-subtraction ) $1000,you say it is left by loan ,but in that case shouldn't it already be included by total loan item $10000? i mean yeah you did spent $9000 on purchasing goods (flow out), but there isn't $1000 flowing in,the $1000 is still be included by total $10000 loan.

[@tirthbhatt8937]

Please use more of Anna in videos! Super understandable and soothing. Plis plis plis! I looooove it!. Thenq

[@AnonomusKity]

what the hell...Anna Akana is narrating this?! What a beast...

[@chair547]

spreadsheets are beautiful

[@Je.rone_]

I love accounting 💪😍

[@patriciasarkkinen5074]

thank you for teaching me when my school doesn't

[@stanleywatson6494]

She did great really helped and she’s gorgeous!

[@idndyzgaming]

Happy to say that my PNL is up and running for my own happiness (and also sadness for not having enough sales lol) Balance, cashflow, and separation of bank account not so much tho gon work on that

[@jball34337]

🔥🔥🔥 I’m smashing that 👍

[@awesomewoodartawa9615]

Another excellent video!

[@danielx40]

Anna is everywhere!

[@imadethistodislikeyourvide2386]

I'm stoned i lost track a minute in

[@cristianjrojas]

I have made it this far in the course and still haven't seen a cat on the tower

[@wesleymorris-laviolette1543]

Anna's back!

[@witchynerd8984]

ANNA AKANA! ❤❤❤❤

[@FroehligGirlz]

The cat president needs some serious animatronics. Where is Disney when you really need them?

[@christinacharles3283]

Can you show us how to make those nice spreadsheets on excel or google

[@bigblessed4732]

Great video

[@atyobebe]

I'm wondering when this episode was recorded. Anna looks like be wearing summer clothing.

[@janettedupa6822]

Hi i hope you can expalin in detail the sections. Thank you

[@realcosmicattitude6112]

I know that all of the sections of a financial statement are important but my question to you is which section is the most important to review quarterly or whenever?

[@lasvegasauditor4508]

Pair up a black miniskirt with that green top and some high heels and see Annas views go into the millions? I could watch her talk about paint drying!

[@VisionaryLevesque]

At 8:10, you say "long-term liability" but the captions say "long-term assest," which may be confusing to anyone just reading the captions.

[@vllloveeducationalleisure7319]

Thanks a lot.😀

[@christlercapuyan2639]

Well said explain, learn alot in this short clip, the start seem to off rhythm but as it goes along instructor has it then, looking forward to see more clip to start my business right away, your welcome and thank you as well. Done subscription.

[@anidip03]

Hi, First of all I want to thank for producing this video. It's really a 'crash' one. One thing I came into know from this video is virtual accounting software. I did not know. What is this actually?

[@evanjohnson4559]

anidip03 this would be programs on your computer to keep track of your accounting instead of in manual physical copy or just in excel. I’ve seen some small businesses try manual record keeping and it’s not recommended

[@thomasjefferson5191]

Good Mandy.

[@cornellwaters9089]

💰 Thank You!

[@thomas.02]

I’m thinking a very basic, introductory crash course on stuff investment bankers talk about

[@naomimori5855]

you'd need a fair basis in accounting for that since a lot of what they talk about is from balance sheets

[@thebusinessmajor6729]

The bottom line is..at the bottom of your PNL statement! I'm Dead!

[@dastin1664]

Folks, I am in Accounting, full-stop.

[@jackmckone2152]

Is that a real cat sleeping in the back lol?

[@climdc01651]

Life saver

[@IlliaDoroshenko]

Hard to focus and look in the eyes. 😅👌🔥 the video is so good. Exactly what I need to get cut up with my acc 201 class.

[@sushilbhambani9361]

How did you made that video you showed in the starting of this video

[@micahbell7376]

I still dont understand

[@sushilbhambani9361]

Which software are you using

[@thomasjefferson5191]

Tell Brutus.

[@randomness2622]

Captions at 08:01 says "long-term asset", but it's "long-term liability"

[@courtneyhopkins9001]

Awesome

[@vaibhavsharma6182]

How come revenue that we are waiting on is counted in liabilities ?

[@evanjohnson4559]

Vaibhav Sharma this would be during instances of “pre-paid revenue.” As a business owner, if you receive cash before providing your good or service, then at that point in time you have an obligation (or liability) to provide that good or service

[@KingPK]

To put it more simply, you still owe something, but it's a product/service instead of cash.

[@tirthbhatt8937]

Ooh! Ooh! Anna!

[@hamstersl101]

I pay $300 for my Accounting textbook but this video explains like the first three chapters in 12 mins......

[@redus2]

Me trying to pay attention... 3:53 "beautiful"... don't say beautiful!!

[@Toefuy]

So beautiful 😍! Very enjoyable to listen. I am pretty sure I need tutoring.

[@gilbertsy6036]

Seems that 5.6k is the net cash flow, not 6.6k

[@PDonelson27]

There is a splitting!!!

[@Theuntamedwiz]

i noticed crash course people have the same accent ,pronunciation and way of speaking. just my observation. im a fan btw

[@mongojrttv]

This is a flood of information. 😬 It's going to take a while to process this.

[@aufadarmi]

aahh its me :)

[@evanjohnson4559]

*P&L

[@raheebr2438]

I'm early and have nothing to creative to comment so I'm just going to comment about how I have nothing creative to comment...

[@Zizzyyzz]

You don't say?

[@SagarKumar-lf5dg]

Shopify worth place..,🤗

[@looneyalchemist5641]

That paper trail in the thumbnail looks like a guy with his head stuck in a printer. I'm scared to drink any alcohol this Thanksgiving.

[@kitkat2310]

I felt attacked at first. I love spreadsheets 😂

[@sree6969]

bh

[@sanjaysantiago7414]

Second

[@angelicaabad8171]

ANNA AKANA

[@nattycdb]

It looks like she's wearing pajamas on this video.

[@baxakk7374]

She sounds and looks like Juno

[@DanielHarvey1980]

no complaints on this woman doing info videos in her sleepwear.

[@gbagba81]

Most people are not aware, smart women are smoking hot

[@thomasjefferson5191]

👁️‍🗨️

[@therenschchild1]

Jeeez whered they find this gem of a girl? Love the braless attire

[@juancruz1367]

I'm sorry but I couldn't concentrate. Her top is too distracting for an accounting video tutorial. 🥰

[@In.New.York.I.Milly.Rock.]

Hoping one day this will be reshot with a different host

[@mistermarch533]

What, you don't like pointy nips?

[@dontundra2259]

Billy McDonough lol, i sure do!