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The Accounting Prof
เข้าร่วมเมื่อ 2 ก.พ. 2018
I make videos that help accounting students understand the basics of financial accounting, including the recording of economic transactions, the reporting of financial activity on financial statements, and the analysis of financial statement information.
Cash Receipt and Disbursement Processes
This video gives students a high level introduction into the cash receipt and cash disbursement processes of companies.
มุมมอง: 2 299
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Careers in Accounting
มุมมอง 1.4Kปีที่แล้ว
This video introduces students to the growing demand for accountants and career opportunities awaiting them.
Data Analytics (Receivables)
มุมมอง 936ปีที่แล้ว
This video introduces students to the ways data analytics can be used to help companies manage their receivables.
Data Analytics (Inventory)
มุมมอง 1.3Kปีที่แล้ว
This video introduces students to the ways data analytics can be used to help companies manage their inventory.
Data Analytics (Credit Sales)
มุมมอง 411ปีที่แล้ว
This video introduces students to the ways data analytics can be used to help companies manage credit sales.
Data Analytics (Overview)
มุมมอง 459ปีที่แล้ว
This video provides an overview of the different types of data analytics and how they pertain to accounting.
Excel Tutorial: Protecting and Hiding Sheets for Private Information Distribution
มุมมอง 6022 ปีที่แล้ว
In this video, I show how to use Excel's workbook/sheet hiding and protection capabilities to safely distribute private information to a group. My example describes disseminating grades to students, but it could be applied to a variety of information distribution scenarios.
Estimating Bad Debts (Percent of Credit Sales)
มุมมอง 1.9K2 ปีที่แล้ว
This video shows students how companies estimate their bad debts using the Percent of Credit Sales method of estimation.
Cash Flows From Operating Activities (Direct Method)
มุมมอง 2.3K2 ปีที่แล้ว
This video walks students through preparing the Operating Cash Flows section of the Direct Method Statement of Cash Flows.
Stick Figure Accounting: Inventory Purchase Discounts
มุมมอง 3292 ปีที่แล้ว
This video explains the concept of recording Inventory Purchase Discounts in a Perpetual Inventory System in an easy-to-understand way using crudely drawn stick figures.
Excel Tutorial: Conditional Formatting in an Indirect Method Statement of Cash Flows
มุมมอง 1.8K2 ปีที่แล้ว
This video shows how Microsoft Excel's conditional formatting tool can be used to automatically color grade a series of numerical values or automatically highlight the largest and smallest values in a range using an Indirect Method Statement of Cash Flows as an example data source.
Statement of Cash Flows Activity
มุมมอง 8732 ปีที่แล้ว
This video discusses the differences between operating, investing, and financing activities of companies from the perspective of their classification on the Statement of Cash Flows.
Unearned Revenue
มุมมอง 1.2K2 ปีที่แล้ว
This video introduces students to the concept of unearned revenue and walks them through accounting for unearned revenue transactions.
Practice Problem PPE-01: Characteristics of Fixed Assets and Depreciation
มุมมอง 6012 ปีที่แล้ว
This video contains a series of practice questions putting students' knowledge of fixed assets and depreciation to the test.
Excel Tutorial: Conditional Formatting in a Balance Sheet
มุมมอง 2.2K2 ปีที่แล้ว
In this video I demonstrate two ways to use conditional formatting in Microsoft Excel that can be useful to analyzing a balance sheet: 1) visually identifying when assets are in balance with liabilities and shareholders' equity; and 2) coloring scaling an analysis such as the debt-to-asset ratio within a pre-defined range of acceptability.
Excel Tutorial: Conditional Formatting in a Multi-Step Income Statement
มุมมอง 1.9K2 ปีที่แล้ว
Excel Tutorial: Conditional Formatting in a Multi-Step Income Statement
Excel Tutorial: Conditional Formatting in a Single Step Income Statement
มุมมอง 6K2 ปีที่แล้ว
Excel Tutorial: Conditional Formatting in a Single Step Income Statement
Stick Figure Accounting: Inventory Cost Flows
มุมมอง 2362 ปีที่แล้ว
Stick Figure Accounting: Inventory Cost Flows
Practice Problem CASH-04: Mastering the Bank Reconciliation
มุมมอง 6192 ปีที่แล้ว
Practice Problem CASH-04: Mastering the Bank Reconciliation
Emerging Technology in Business and Accounting
มุมมอง 6022 ปีที่แล้ว
Emerging Technology in Business and Accounting
Practice Problem TECH-01: Emerging Technology
มุมมอง 16K2 ปีที่แล้ว
Practice Problem TECH-01: Emerging Technology
Practice Problem TRANS-03: Types of Economic Transactions
มุมมอง 1962 ปีที่แล้ว
Practice Problem TRANS-03: Types of Economic Transactions
Practice Problem SCF-04: Mastering the Indirect Method Statement of Cash Flows
มุมมอง 12K2 ปีที่แล้ว
Practice Problem SCF-04: Mastering the Indirect Method Statement of Cash Flows
Practice Problem SCF-03: Preparing the Indirect Method Statement of Cash Flows
มุมมอง 8242 ปีที่แล้ว
Practice Problem SCF-03: Preparing the Indirect Method Statement of Cash Flows
Practice Problem SCF-02: Significant Non-Cash Activities
มุมมอง 2042 ปีที่แล้ว
Practice Problem SCF-02: Significant Non-Cash Activities
Practice Problem SCF-01: Elements of the Indirect Method Statement of Cash Flows
มุมมอง 2302 ปีที่แล้ว
Practice Problem SCF-01: Elements of the Indirect Method Statement of Cash Flows
Cash Flows From Investing and Financing Activities
มุมมอง 3.6K2 ปีที่แล้ว
Cash Flows From Investing and Financing Activities
Cash Flows From Operating Activities (Indirect Method)
มุมมอง 4.3K2 ปีที่แล้ว
Cash Flows From Operating Activities (Indirect Method)
Good explanation... Those who didn't understand... Do not speedup the video watch as it is
Informative video
na gets ko rin 😭😭😭😭😍😍😍😍
Once again, great teaching
Come to think of it, I had wondered why par values were often in tiny amounts. Kumbe it is typically to avoid liability! Thanks for the lesson.
The classifications really help clarify terminologies I see often. Great explanation!
That bit on treasury stock was good to know. Thank you!
It's a leverage ratio not solvency ratio
Hi there! Leverage ratio is just an alternate name for solvency ratio. But thanks for pointing this out for those who may be more familiar with the former!
@@TheAccountingProf thank you so much I have many information overlap So can you make it more clear why leverage is an alternate name for solvency ?
@@nourosama7010 Sure! Solvency refers to a company’s ability to pay debts. Leverage refers to how indebted a company is. The more indebted, the less able to pay. Hence why they are essentially different words capturing the same concept, especially with respect to financial ratios.
Another question please.. You said we are examining the long-term obligations of the company but in fact we are dividing the total liability not not term liability.?
@@nourosama7010 Good question! You are correct that we are technically examining all obligations. I only use the phrase “long term” in contrast to “short term” analyses such as the Current Ratio, which only focus on current assets and current liabilities.
Thanks a bunch It’s really very helpful to learn from real time examples. Great initiative❤
Awesome
Thank you for the clear explanation. Can I ask you why the outflow of cash for purchase of equipment is called "capital" expenditure? I am confused because "capital" sounds like equity capital which typically is classified as financing cash flow.
Hi there! Long-lived fixed assets, such as equipment, are commonly referred to as “capital.” Just like equity capital, these assets are part of the company’s “capital structure.” The terms equity (for equity capital) and debt (for debt capital) designate those types as financing activities.
Thank you very much for making this video❤❤
I've been trying to understand this from the textbook for an hour and you just explained it so simply in four minutes. Thank you thank you thank you!!!
But didn’t mention with internal control actually got 2tyoes one is direct control one is indirect control
Excellent explanation! Thank you so much!
Excellent explanation! Thank you so much!
Very helpful, you are the best!
Excellent explanation! Thank you so much!
Well explained. Thank you.
I have a test at 8 am. Before this video, I thought I'd fail. But not anymore..... Thank you accounting prof! 😊
Best video
love this man thank you so much!
This is the cost method right
Hi there! Yes, this is the cost method.
Thank you so much !!! I actually get it now. The formula never made sense till now
Excellent explanation. Thank you!
Very well explained. Thank you so much!
very good, ty
this might be a decent tutorial on how to keep some books but its basically copying what was done on paper in 1970. Its certainly using excel properly or efficiently so i wouldn't recommend following this at all. bizarre.
abc.xyz/assets/ec/49/0f84c3ad4f5797c1ae4f553bec21/20210428-alphabet-10q.pdf i dont see how trading view and stockanalysis give a Eps as 0.49 . Can you help me calculate it?
The best explanation on TH-cam, NOW I understand. Thanks!! it's been about an entire day of trying to understand this part.
Dear Prof, I have a concern regarding capitalization of fixed assets, our company has been new set up and purchased machines for set up line to produce batteries, during construction time and setting up, trial run, the cost of electricity is huge so. Electricity is met requirement for capitalization or not? as I understand that it is overhead cost for operation of whole factories and should expense off. Thanks sir.
Hit there! You already have the right idea. If the electricity use is manufacturing overhead and not directly attributable to the new assets, it would have to be expensed (for example, if you get a single bill for the entire facility, and part of the facility is already in operation). However, if the electricity can be reliably measured and allocated directly to asset construction, trials, etc., then you would have a case for capitalization (for example, the new assets are in an otherwise unused area that receives its own electricity bill).
thank you so much but i have another lecturer told me to realize the bad debt (allowance method), Dr Bad debt expense, Cr AR, which i dont think its correct?
Hi there, no that is definitely not correct under the allowance method. That’s what’s known as the Direct Write-Off method, which isn’t allowed under US GAAP, but may be permissible for companies that don’t adhere to US GAAP.
very clear discussion! thank you!
*BEAUTIFUL explanations, no stupid loud noises or dumbass graphics.. you, sir, are a great teacher*
BRAVO
*this is by far the most detailed and best structured explanation, thank you*
Thanks a lot. You are the best teacher I've ever had! I look forward to continue learning from you.
All your videos have been clear, concise, direct to the point, easy to understand, complete with examples, and short. Thank you for making all the videos!
Great video. Thanks 😊
Thanks needed for school project
Thanks for the wonderful video... means a lot!! Kindly request you provide files, prepare three financial statements, and create a dashboard... in a continuing process... preparation of statements, creating and presenting in dashboard
Extremely grateful✨
Thank you, Professor. It's very helpful to learn from a real example.
Thanks for sharing. Will be using this at work!!
Thanks a lot sir! this was very helpful, God bless you and ur fam♥
Very helpful
Explained this much better than my textbook could, Thank you!
It's very helpful Thank you sir From Bangladesh 🇧🇩
❤🎉
This was very helpful to understand capitalization. However, if it's not capitalized,, what is done? I know the answer but in the interest of improving the quality of the instruction, please do not ignore such obvious questions left unanswered.