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I answered a couple of comments below, but based on the subject matter, I think the rest of your viewers could benefit from you doing a complete presentation on each. Equipment leases: The distinction between an operating lease and a purchase lease is extremely important, and the accounting entries are completely different. Inventory methods: LIFO, FIFO, Specific Identification and Weighted Average. It's a very complex subject. There is a fifth method we accountants joking refer to as FISH (First In Still HERE) We are easily amused. LOL For years I have told people that many of our clients are not-for-profit businesses. Most of them don't want to be, but they are just not good business people. LOL Keep up the good work.
I have an exam midterm for accounting tomorrow, this was really helpful. Our class accounting book from my professor explains these methods too deeply and I lose focus therefore never learning properly. This video made the concepts easy and intuitive. Just subscribed, going to be watching more videos here.
Thank you for this video, Really helped with my accounting class. I understand concepts but I like to know the why of things and you broke that down perfectly for me.
Simple yet thorough explanation to this confusing topic. Thanks a ton. I think, you work in team... you can introduce teammates sometime. Keep up this Great Work !!!
A quick and concise overview of the first 2 weeks of college intermediate accounting class. Often a confusing and intricate principle for most students. Who would've thought that it would described so clearly in 11:00min. by the the Microsoft Excel Queen herself? Not suprised. Great job👍
Explained clearly the difference between Cash Accounting and Accrual Accounting. I will be able to resonate well if someone uses these terminologies. Thank you so much!!
Learning accounting from the college and got a job at many different banks, working in accounting (Buchhaltung, Switzerland) , I have not had any chance to apply knowledge from the school, IBM had been taken and done fortunately! As a retiree now I want to bring back memory by going back to school as a senior. Your videos are a big helper. Appreciate very much La signora Leila!
Awesome videos. My Accounting class at the University had been difficult but not so much now because of your videos. Thank you soooo much! Dan Schmidt, Oshkosh, Wisconsin.
Thank you so much. You have explained in simple words which we can understand as understanding of finance is difficult for layman. Thanks alot. Keep posted more videos
Very nice explanation... I am from India, Asian so my English is very poor but you explain very nicely... Example realy help to know concept / difference... Thanking you
I really enjoy learning the basic accounting concepts presented in this video and other videos that you had posted. Your presentation is very clear, precise, and easy to follow. On top of that your graceful mannerism and your voice are very pleasantly heard and watched. Thank You for making these great videos.
Thank you for your video. It was very informative and to the point. By the way this is the first time I watched a video more than 2 minutes in length to the end without skipping :) - Wellington S. Ramsey
Thank you Leila for your explanation, You are very understandable and easier for me to absorb the topic. I hope you put more videos/lectures on accounting and business law as I am preparing for CPA Board exam.
Thank you so much! I love your videos and have been watching them for a year now. I only wish youd do videos in US dollars because it can be confusing with money i'm not used to dealing with..
Thanks Leila.. appreciate the good explanation of concepts. I ran into this in a business situation.. client not really understanding the difference between cash and accrual. I'll send him the link to your video.. haha!! Thanks for sharing all your knowledge. Thumbs up!
Thank you for sharing. This was very helpful. I am eager to learn more about accounting, specifically in private clubs. I keep seeing your name pop up, and will look at your Excel course to become more proficient with that solution. I will also take notes while watching your videos and share them with my GM/COO. Who happens to be a former CFO! Thanks again, Leila.
Many thanks & appreciates Mrs. Leila Very good, Nice & proffissional way of explaining and delivering the information. I really like & enjoy watching your videos 👍👍🌹
Really simple presentation of both accounting methods. I love the way you talk about painting the full picture. In 2001 I was given a primer on both methods from my newly hired accountant. Since my llc was new I adopted accrual based accounting since I was being paid weekly and I had set up costs. I was able to accelerate my depreciation expenses as well as ongoing expenditures over my first year including travel reimbursements and office carve outs. I kept detailed spreadsheets of all transactions. I set my year end book closing in August of that year. I filed over $89,000 in nine months of direct payments and realized only $15,200 in taxable income. It was a wonderful learning experience as I was willing to do the work in meticulous record keeping. I did have serious setup costs and would not have been able to survive if I did not have a wonderful account.
This is helpful to understand accounting for giving examples and try to give more examples. i have one query the company had provided insurance to employees so this expense for company so they shows period wise expense for insurance. in this case accrual accounting not getting revenue and how company will shows insurance is accrual revenue
Great video ! Provisions and Accruals difference I think would be useful to do a video. Having said that, Interesting the standard for provisions covers costs of a likely event and not revenue.
i am a beginner. never did accounting in the past. learning from you. one thing for your kind consideration ------ 6.25 second (100 plates for 1 each 0 -100)? thank you Madam
Hello Leila, this was very good!! Thank you! I noticed that you mentioned the COGS was the purchase of the hats and plates. COGS tend to get me turned upside down depending on the industry. As a quick rule COGS is that the expense would not be incurred without the sale. Now in some industries I'm finding some CPA that say purchasing an item to isn't always COGS. Do you have a video on COGS in detail that helps better understand the different industries?
Yes, enjoyed and love this. Have you also tackled in Accounts Receivable and Accounts Payable? It will be a big help for us who wants to understand in Accounting. Thanks a lot!
Another great introduction; will be REPEATLY watching all your videos before my course books arrives for bookeeping foundation course i am on (AAT) in the UK.
Master Financial Analysis in 30 Minutes! 🚀
Start our FREE course now and learn the basics fast. No strings attached! 👉 link.xelplus.com/yt-free-finance-basics
Great presentation!
I cannot wait for the coming video!
I answered a couple of comments below, but based on the subject matter, I think the rest of your viewers could benefit from you doing a complete presentation on each.
Equipment leases: The distinction between an operating lease and a purchase lease is extremely important, and the accounting entries are completely different.
Inventory methods: LIFO, FIFO, Specific Identification and Weighted Average. It's a very complex subject. There is a fifth method we accountants joking refer to as FISH (First In Still HERE) We are easily amused. LOL
For years I have told people that many of our clients are not-for-profit businesses. Most of them don't want to be, but they are just not good business people. LOL
Keep up the good work.
Great Leila well presented
It was great and free, I pay for my online course and I didn't understand until I watched this video. Thanks in advanced
I appreciate the slow and well-detailed video. The story helps a bunch for the visual type learners. Great Job!
I'm glad you find video helpful.
Yes, us visual learners really appreciate this video. I loved the diagrams and illustrations, I caught on much quicker. - Wellington S. Ramsey
these online classes have been kicking my butt, thank you for the help!
haha to be honest that's the same reason I am here...
I have an exam midterm for accounting tomorrow, this was really helpful. Our class accounting book from my professor explains these methods too deeply and I lose focus therefore never learning properly. This video made the concepts easy and intuitive. Just subscribed, going to be watching more videos here.
Glad it was helpful!
Your deserved my respect Leila for simplify this old time concept. The accrual basis will not be in line with taxation principles.
I just started working in a bank, over a month give or take.... This actually helped me a lot. thanks Leila. BTW, your name is so lovely.
Wow, I wish I watched this when I was still doing my degree Leila, this was so simple, concise, and very informative.
Excellent presentation. I really appreciate the restraint in stock video use and not editing out pauses.
Glad you enjoyed it!
this video is so much more effective than my textbook!
Are you also commerce student?
Thank you for this video, Really helped with my accounting class. I understand concepts but I like to know the why of things and you broke that down perfectly for me.
I have an exam in 2 hers and this vid helped me better understand the concept, thanks
Simple yet thorough explanation to this confusing topic. Thanks a ton.
I think, you work in team... you can introduce teammates sometime.
Keep up this Great Work !!!
@Leila..Many thanks. You explained a complex concept in plain English, making it easy to understand.😊
This is SO helpful. Love that you tell a story with it - I will always remember now :)) Thank you!
You are so welcome, Olivia!
Thanks!
Thank you!
A quick and concise overview of the first 2 weeks of college intermediate accounting class. Often a confusing and intricate principle for most students. Who would've thought that it would described so clearly in 11:00min. by the the Microsoft Excel Queen herself? Not suprised. Great job👍
Glad you liked it. Thanks for the kind feedback :)
I started love learning accounts after watching your videos
Thank you. Before now i was confused how revenue is earned. Really anxiety, but now flexible. Thanks.
Explained clearly the difference between Cash Accounting and Accrual Accounting. I will be able to resonate well if someone uses these terminologies. Thank you so much!!
Glad it was helpful!
Learning accounting from the college and got a job at many different banks, working in accounting (Buchhaltung, Switzerland) , I have not had any chance to apply knowledge from the school, IBM had been taken and done fortunately! As a retiree now I want to bring back memory by going back to school as a senior. Your videos are a big helper. Appreciate very much La signora Leila!
It's inspiring you're still dedicated to learning. Glad our videos can help you along your journey.
I just started my accounting class and this has been very helpful. Thanks for explaining in detail . I look forward to watching more videos .
You're very welcome!
you are the BEST TEACHER! everything great about this video, content, your style of telling, graphics, with this way its fun to understand, thank you
Awesome videos. My Accounting class at the University had been difficult but not so much now because of your videos. Thank you soooo much! Dan Schmidt, Oshkosh, Wisconsin.
Great explanation, first time I truly understand it. Thank you!
You are welcome!
Thank you so much. You have explained in simple words which we can understand as understanding of finance is difficult for layman. Thanks alot. Keep posted more videos
So simple and clear explanation. Great job, thank you!
Glad you enjoyed it!
Ty queen. My instructor doesnt go over the logic behind this stuff at all
Ur voice is mesmerizing.... I just see ur videos to hear u.. no metter what u teach.. plz keep uploading videos..
Obrigado!
Thank you!
fiery and passionate presentation of accounting, Leila
Very nice explanation...
I am from India, Asian so my English is very poor but you explain very nicely...
Example realy help to know concept / difference...
Thanking you
I really enjoy learning the basic accounting concepts presented in this video and other videos that you had posted. Your presentation is very clear, precise, and easy to follow. On top of that your graceful mannerism and your voice are very pleasantly heard and watched. Thank You for making these great videos.
My pleasure. Glad you enjoyed the videos!
I appreciate the simplicity and detailed video. Thank you.
This is so beautifully explained thankyou❤️
Great job! Very helpful in making a couple of decisions. Thanks!
My pleasure, glad you like.
I really like how you explained all of that. Hope you can produce more videos like this🥺. It would really help accountancy students🥰🥰
I am thanking you for your assistance with my accounting class. Your video is very well done, again my thanks,
FR
It's my pleasure.
We appreciate all these lessons! You served as my inspiration for all my videos!
Glad I could inspire you!
Your are an excellent pleasant voiced, well paced teacher
Thanks for your fentastic explanation to understand the difference clearly.
Glad it was helpful!
These videos are really helpful i'm trying to learn as much as possible all about business before i open my own store
Thank you for your video. It was very informative and to the point. By the way this is the first time I watched a video more than 2 minutes in length to the end without skipping :) - Wellington S. Ramsey
Glad you enjoyed it!
this is so much more informative than my text book
I love the accounting videos! 😊 Very well explained with simple and easy-to-understand examples!
Thanks! Glad you like the videos :)
love how you explain everything !! i actually understand it 😅 ❤
Thank You! Thank You! Thank You! Thank You! Thank You! Thank You!!!!!!!!!! Now,.... I understand! You're the Best!
You're welcome!
This video of cash and accruals basis is helpful. Thanks to you.
Great channel! I'll keep coming back as I continue studying accounting.
Thank you Leila for your explanation, You are very understandable and easier for me to absorb the topic. I hope you put more videos/lectures on accounting and business law as I am preparing for CPA Board exam.
Thank you so much! I love your videos and have been watching them for a year now. I only wish youd do videos in US dollars because it can be confusing with money i'm not used to dealing with..
Thanks Leila.. appreciate the good explanation of concepts. I ran into this in a business situation.. client not really understanding the difference between cash and accrual. I'll send him the link to your video.. haha!! Thanks for sharing all your knowledge. Thumbs up!
Haha. Let's see if that helps :)
Very good explanation of the differences between both methods Leila.
Glad you like it Enrique.
A lesson a day from Leila Gharani keeps the book away. I learned something today. Thanks.
Haha. I hope it was helpful.
Thank you Leila, your video is very clear and understoodable.
You're welcome 😊
Good instructional video. Can you please make a video with multiple accrual entries and the reversal of them. Thanks.
Thank God i found this channel..😊😊😊😇
Welcome!
Thank you for sharing. This was very helpful. I am eager to learn more about accounting, specifically in private clubs. I keep seeing your name pop up, and will look at your Excel course to become more proficient with that solution. I will also take notes while watching your videos and share them with my GM/COO. Who happens to be a former CFO! Thanks again, Leila.
Such a well explained and clear video, thank you!
Thank you so much for these videos. The examples you give really make things easier to understand.
You're very welcome, Shelly!
It's a very helpful video..hope to see more videos from you.... thankyou thankyou thankyou very very much
Most welcome 😊
I really love this explanation. Thank you!
You're very welcome!
Your teaching method is really good.
Glad you think so!
i'm an accounting but somehow i just start to love accounting again thank you so much
It's great to love what you do :)
@@LeilaGharani thanks to you
and God bless you
thanks for this just trying to get my head around all this info for better anallysis of company stock
Very nice explained ....from india ..... thanks mam
My pleasure 😊
Great job Leila, I can't wait for the next video :D
Many thanks & appreciates Mrs. Leila
Very good, Nice & proffissional way of explaining and delivering the information.
I really like & enjoy watching your videos 👍👍🌹
Thank you! 😃
Nicely clearly explained Leila 👍
Thank you! 😃
This was helpful, thanks!
A nice explanation. As regards IFRS, in other words, International Financial Reporting Standard, look at IAS 18 for the revenue for instance.
Clear and concise, appreciated the effort
ANOTHER GREAT VIDEO! SO CLEAR!
Very concise and easy to understand...Thanks so much
Really simple presentation of both accounting methods.
I love the way you talk about painting the full picture.
In 2001 I was given a primer on both methods from my newly hired accountant.
Since my llc was new I adopted accrual based accounting since I was being paid weekly and I had set up costs.
I was able to accelerate my depreciation expenses as well as ongoing expenditures over my first year including travel reimbursements and office carve outs.
I kept detailed spreadsheets of all transactions. I set my year end book closing in August of that year. I filed over $89,000 in nine months of direct payments and realized only $15,200 in taxable income.
It was a wonderful learning experience as I was willing to do the work in meticulous record keeping.
I did have serious setup costs and would not have been able to survive if I did not have a wonderful account.
That's great Stephen. Thanks for sharing your experience!
You are a great teacher
Thank you! 😃
This video was literally perfect!
Thank you!
Thankyou so much for the detailed help appreciate this so much!
Thank you, you are a life saver.
Can you also please explain that why cash budgets are not prepared according to accruals concept?
The video was really helpful.
Mam I am studying in class 11. I have taken commerce and this video is helpful for me and my friend
This is helpful to understand accounting for giving examples and try to give more examples. i have one query the company had provided insurance to employees so this expense for company so they shows period wise expense for insurance. in this case accrual accounting not getting revenue and how company will shows insurance is accrual revenue
Great video ! Provisions and Accruals difference I think would be useful to do a video. Having said that, Interesting the standard for provisions covers costs of a likely event and not revenue.
Thanks for making this topic so easy to understand
Thank you Leila for your explanation
I hope this video useful,, yes its more than useful, thank you very much for your efforts
You are most welcome.
i am a beginner. never did accounting in the past. learning from you. one thing for your kind consideration ------ 6.25 second (100 plates for 1 each 0 -100)?
thank you Madam
Great video! Thank you.
Thank you for the explanation makes much easier to apply and follow.
My pleasure :)
Hello Leila, this was very good!! Thank you! I noticed that you mentioned the COGS was the purchase of the hats and plates. COGS tend to get me turned upside down depending on the industry. As a quick rule COGS is that the expense would not be incurred without the sale. Now in some industries I'm finding some CPA that say purchasing an item to isn't always COGS. Do you have a video on COGS in detail that helps better understand the different industries?
Great explanation of accounting. thanks Leila.
My pleasure. Glad you like it.
Yes, enjoyed and love this. Have you also tackled in Accounts Receivable and Accounts Payable? It will be a big help for us who wants to understand in Accounting. Thanks a lot!
Really informative! Thank you 😊
Extremely helpful and thanks for the illustration
My pleasure :)
Thank You Very Much,Mam🤓🤓🤓
This was so so helpful!
Awesome video and very detailed.
Very helful and easy to understand! Thank you!
You're very welcome, Miryam!
Fantastic explanation
Another great introduction; will be REPEATLY watching all your videos before my course books arrives for bookeeping foundation course i am on (AAT) in the UK.
Wonderful!
I was waiting for it thank you Ms. Leila as always for the good information
Thank you Ismail.