I've had loads of requests for this one, so cheers for those! If you'd like a deeper explanation of some of the topics mentioned then here are the links... ▪ Trial Balance vs Balance Sheet → th-cam.com/video/q7Nhj8vDD8M/w-d-xo.html The three components of the Balance Sheet: ▪ Assets → th-cam.com/video/rOsuqG_J0t4/w-d-xo.html ▪ Liabilities → th-cam.com/video/fKRwT10Sszc/w-d-xo.html ▪ Equity → th-cam.com/video/Fr5oHEYrT2A/w-d-xo.html Support for the Worked Example: ▪ Transactions 1-5 are explained in detail in this video → th-cam.com/video/kA9snSvCgW8/w-d-xo.html ▪ Transaction 6 is explained in detail here → th-cam.com/video/Y-_Q3rANyxU/w-d-xo.html ▪ How to build a Trial Balance using ALL of the Example Transactions → th-cam.com/video/3_PfoTzSCQE/w-d-xo.html Timestamps: 00:00 - Intro 00:34 - Why the Balance Sheet is Important 01:42 - What a Balance Sheet Looks Like 02:16 - Balance Sheet Definition 02:40 - Rule: Assets = Liabilities + Equity 03:05 - Past vs Present 03:54 - Core Principle: Double-Entry Accounting 04:35 - The Basic Accounting Equation 04:58 - The Balance Sheet is a Snapshot 05:16 - How to Make a Balance Sheet 05:42 - Current Assets Definition 05:56 - Non-Current Assets Definition 06:15 - Current Liabilities Definition 06:28 - Non-Current Liabilities Definition 06:35 - Equity and Retained Earnings 07:28 - Balance Sheet Example 11:01 - Retained Earnings: Linking the Income Statement and the Balance Sheet
So I'm just starting out with a basic accounting class this semester - Although this video helps, I still get REALLY lost. Specifically, how can I start to finally understand exactly where to record parts of a transaction, (ie: in transaction 4, how do you know to put $50 in both the Supplies and Accounts Payable sections?? Yes...the struggle is real!) Thanks for all the help! I'll definitely watch more of your videos - any specific recommendations?
Maggie Marsh hi Maggie. Since the balance sheet must always balance, i believe if you’re adding to one side (assets), you must add to the other (liabilities+equity) (Or you can add and minus to the same side eg buying $20 of equipment in cash). Since the business is paying $50 for supplies, they now have $50 worth of supplies so this goes under supplies under the assets section (on the left side). However, since the supplies weren’t paid in cash, we can’t credit cash by $50, but instead we credit accounts payable, which signifies that the business owes $50 to their supplier to be paid at a later date. Hope this answers your question.
I’ve been studying business for 5 years now and it always confused me that equity didn’t come under assets because I thought it was what the business owned. But now that it’s been worded as ‘what the business owes to the owners’ I understand. I’m kind of mind blown that it confused me for 5 years and now it’s been cleared up by a single sentence.
I love the incredible dedication this guy has to making quality accounting videos. Even most of the cut scenes are filmed himself and have him in it, so good. What a dedicated legend.
I am doing an MBA currently and as I approach finals for this damn accounting course, I have learned more from these videos than all of the lecture videos I've watched.
Hey, I'm a first year student taking a course on accounting, and your videos are really helping me out atm. Even better than my professor's courses... Thanks a lot!!!
You are the reason I passed my Legal Accounting exams - THANK YOU FOR WHAT YOU DO! I honestly cannot thank you enough for dedicating your time and energy to making this all makes sense for so many people
Thank you very much! I'm still a high school student but I already learned how to understand and build income statements and balance sheets because of your very informative vids. I think I'll aspire to become an accountant someday, your videos helped me a lot on picking a nice course to get in college. Thank you very much and God Bless!
I'm studying for my Architect's license and one of the exams focuses on owning and operating a firm. I've never taken an accounting/business course in my entire life and the way you described these financial statements helped me to completely understand the financial operations of a firm. Thanks so much! Even appreciated the landscape and design imaginary company as example.
finally what helps me to understand accounting is your video, rather than 6 months of my accounting class. Now I want to apply accounting for my business, your videos are very helpful, thank you so much.
Going to my final year of study and omg do make it sound so easy and straight forward. After years of confusion and long hours of trying to understand this, I have finally understood it!! thank you :')
Few days ago paid for tutorial "Accounting and finance" in udemy and now realised I should not. The best tutorial I have ever seen. Very good examples.
You are the best! I graduated from bachelor and I'm reviewing all of this and I'm happy to learn that I retained more information than what I thought. Thanks for this entertaining videos, you do know how to keep me paying attention. You should be a professor
Dear James, Being a recent owner of a business, your videos have given me wide guidelines to maintain our books from Journal Entries, Trial Balance and Balance Sheet...... Thanks a lot........... God bless you abundantly
I have to applaud the lengths you've gone to to make these videos. I'm sure it's very time consuming since the production value is so high.... much appreciated by nearly 30,000 people. I'm sure you'll help a lot more people who previously struggled with accounting in the future...thanks a million
I am taking Accounting for my BA in Business, and accounting is not my forte as it seems as though I am reading another language. That is why I hired an accountant. For some reason, they believe I should know how to analyze a financial statement and notes and make recommendations in the second week of class. However, I am CONFUSED. I am backtracking to understand what all the terminology is and am THANKFUL to come across your videos. Thank you for breaking it down in terms I can understand, as I was in tears all weekend. I have more videos to watch and learn before pulling a real-life example of a financial statement to analyze. THANK YOU!!!
JAMES! You are awesome! I love your videos (and your accent). Your videos are the only resource I use when I need help understanding my accounting homework. You make everything so simple. I left an online tutoring class tonight because I knew I could get more useful information from you than from the session. You are a Godsend and the ONLY reason I'm able to understand this stuff. Thank you for these free resources. I've encouraged my classmates to check out your videos too because I know I'm not the only one in class who is having a hard time. God bless you and everything you're doing and stay safe.
Hey Adrienne, thanks for your kind words! I'm glad to hear that you're finding these helpful. Cheers for your support and all the best with your studies!
No other video explains these topics as you do. Thank you for this work. You are helping all of us students and more people who were not able to understand these topics firsthand.
Even for me that the English it's my second language and I continuing learning You form to express it's very easy to understand and follow Thank you so much This, it's much better and clear than most of the class that I have been taking on the University
I wish I had known about this channel when I was studying Accounting and FInance at university. This makes everything so easy to understand. I just came upon this channel preparing for a job interview. You sir are doing a great service! Thank you!!
@@AccountingStuffThank you so much. The interview went great. Your videos were a great help!! Thanks a lot! Would also love if you could make videos regarding Financial Modeling and excel.
Hi. I love the effort you've put into these videos. You've turned this dry subject into an interesting series of videos featuring videos with beautiful aesthetics, amazing editing most importantly ; simple concepts. You rock.
You've been one of the best resource for my accounting class this semester! Thank you! I still suck at understanding how it all works, but I'm able to do it (kind of) lol. Do you tutor online anywhere? If not, do you have any recommendations for other resources beyond your videos for a college student trying to survive their accounting tests?
Hey Hope! Unfortunately I don't offer any tutoring at this stage. The only resource that I recommend at the moment is 'The Accounting Game' which is a book for beginners. It's great to hear that you're figuring out how it works!
I have just left a long career where no budgeting knowledge was required in any way, now my new roles requires me to have great understanding of business finance. Thank you for making each subject clear and easy to understand in each of your videos. would give more likes if I could
I've been watching through the whole accounting series and they are absolutely useful. The most difficult part is identifying where the transaction goes to on the financial statements e.g. short-term or long-term expenses or liabilities etc.
I just started watching this one and the "income statement" I have to say you explain very clearly because you're not skipping some little details assuming beginners like me already knows. Thanks I will be watching more of your videos as my assignment is related to your videos.
I'm 38, and considering going back to school as a non-traditional student to study accounting, and possibly pursue a second career. I'm really enjoying your videos, so thank you! I'd never considered accounting until fairly recently, but I"m finding this material super interesting.
Hi, James. I'm an accountant from Argentina and I'm currently learning English vocabulary ralated to the profession and just want to say that your videos are very helpful. Subscribed! Thanks and keep up the great content!
Thank you for your amazing videos, studying basic Accounting for the 1st time at the age of 33 was darn right impossible, well until now!!! Ngiyabonga (Thank you in Zulu) from South Africa!!!
im not good at math but when i watched it ur videos . I would like to try know and study , understanding in bookkeeping. This is my subject bookkeeping in high school. Now i understand this bookkeeping , accounting. Thanks . From Phil.
This is really Excellent ! Thank you so much. I’m the volunteer treasurer of a small Residents Assn and have been trying to get my head around the balance sheet financial terminology and the balance sheet equation. I’ll set up a dummy balance sheet in Excel with the double columns and formulae and see how our finances will flow through it. Thanks again. I’ve subscribed!
Just found your channel and you are the best instructor I’ve ever seen. Many thanks for making everything easy to understand. Please keep the videos coming!!!
I'm incredibly grateful for this. Accounting is one of my modules for uni and I have been struggling with constructing a balance sheet until I came across this video. This step-by-step video has helped profusely - thank you so much.
I hope everyone realises how well made these videos are. I am studying management engineering in italian. And i needed some help in english. After seeing a couple of videos on youtube. I would say your's are easy and fun to watch. I hope you are earning well from this. Thank you man!
Omgggg, I think it's finally starting to make sense - how the income statement affects owner's equity on the balance sheet. Now I know what my instructor is talking about.
Can't thank you enough man! I took two extra modules in Finance and Accounting to enhance my learnings in college and was almost giving up to get my read around it. But I've found your videos and have learned the content just because I followed your techniques. Thank you! Thank you! Thank you!
No worries Luis, it's great to hear that the videos are helping you with your studies! Good on you for choosing Accounting and Finance, they are very valuable skills to have
If only my lecturer was him, then I wouldn't need to do any remedial on my Intermediate Accounting ! He explains it clearly with those easy to read spreadsheet. I was using only my both hand with pen & paper to do all those postings & financial statements, which really gave me a headache to calculate the balance all the time.
I'm enrolled in an online accounting bachelor's program and until I discovered your videos last semester I was questioning wth I was doing. For so long I was going through the motions and doing what I needed to do but I'm the type that needs to know WHY I"m doing it. Reading texts with no professor instruction wasn't really giving me that. Thank you for all your help!
I've posted under multiple videos of yours, and I mean every word. Your channel is genuinely amazing and you make this content way more digestible than my lecturers do (even though this is supposed to be what they get paid for)
I was super confused about this balance sheet thing-y. But James! You made it easy for me. Me being a 9th grader found it hella hard and confusing. Thank you so much for this video!
Awesome video! I'm a small business owner and you have saved me a lot of time (and money) in explaining this so well. I wish I could buy you a coffee. :)
James, Thank you for posting these videos. I have been out of school for way too many years. I just started my own business and I am trying to do my own book keeping. You are very helpful and I couldn't imagine trying to do this by myself. Keep up the good work and God Bless.
I've had loads of requests for this one, so cheers for those! If you'd like a deeper explanation of some of the topics mentioned then here are the links...
▪ Trial Balance vs Balance Sheet → th-cam.com/video/q7Nhj8vDD8M/w-d-xo.html
The three components of the Balance Sheet:
▪ Assets → th-cam.com/video/rOsuqG_J0t4/w-d-xo.html
▪ Liabilities → th-cam.com/video/fKRwT10Sszc/w-d-xo.html
▪ Equity → th-cam.com/video/Fr5oHEYrT2A/w-d-xo.html
Support for the Worked Example:
▪ Transactions 1-5 are explained in detail in this video → th-cam.com/video/kA9snSvCgW8/w-d-xo.html
▪ Transaction 6 is explained in detail here → th-cam.com/video/Y-_Q3rANyxU/w-d-xo.html
▪ How to build a Trial Balance using ALL of the Example Transactions → th-cam.com/video/3_PfoTzSCQE/w-d-xo.html
Timestamps:
00:00 - Intro
00:34 - Why the Balance Sheet is Important
01:42 - What a Balance Sheet Looks Like
02:16 - Balance Sheet Definition
02:40 - Rule: Assets = Liabilities + Equity
03:05 - Past vs Present
03:54 - Core Principle: Double-Entry Accounting
04:35 - The Basic Accounting Equation
04:58 - The Balance Sheet is a Snapshot
05:16 - How to Make a Balance Sheet
05:42 - Current Assets Definition
05:56 - Non-Current Assets Definition
06:15 - Current Liabilities Definition
06:28 - Non-Current Liabilities Definition
06:35 - Equity and Retained Earnings
07:28 - Balance Sheet Example
11:01 - Retained Earnings: Linking the Income Statement and the Balance Sheet
So I'm just starting out with a basic accounting class this semester - Although this video helps, I still get REALLY lost. Specifically, how can I start to finally understand exactly where to record parts of a transaction, (ie: in transaction 4, how do you know to put $50 in both the Supplies and Accounts Payable sections?? Yes...the struggle is real!) Thanks for all the help! I'll definitely watch more of your videos - any specific recommendations?
Maggie Marsh hi Maggie. Since the balance sheet must always balance, i believe if you’re adding to one side (assets), you must add to the other (liabilities+equity) (Or you can add and minus to the same side eg buying $20 of equipment in cash). Since the business is paying $50 for supplies, they now have $50 worth of supplies so this goes under supplies under the assets section (on the left side). However, since the supplies weren’t paid in cash, we can’t credit cash by $50, but instead we credit accounts payable, which signifies that the business owes $50 to their supplier to be paid at a later date. Hope this answers your question.
I understand this more than reading every inch of my module. You're such a blessing in disguise 🥰
thank you for existing!!!!!!!!
@@jayveetormis1841 me too oh
Hey man! I just started watching through your whole series. You have single-handedly SAVED my educational life with these videos! I LOVE YOU!!!!!!!!!
Cheers for watching Lawrence, it's great to hear the videos are helping you. All the best with your studies!
I’ve been studying business for 5 years now and it always confused me that equity didn’t come under assets because I thought it was what the business owned. But now that it’s been worded as ‘what the business owes to the owners’ I understand. I’m kind of mind blown that it confused me for 5 years and now it’s been cleared up by a single sentence.
I love it when things click like this. All the best!
Sometimes the owner use the money in the busines or vice versa. It happens.
Yes that's a great way to frame it
The value of a good teacher.
This channel is so underrated , DESERVES MORE LOVE AND SUPPORT :)
I love the incredible dedication this guy has to making quality accounting videos. Even most of the cut scenes are filmed himself and have him in it, so good. What a dedicated legend.
I agree 💯
I have literally gained more knowledge from your videos than an entire term of grad school. Thank you so much, James!!!!!
Glad you're finding these helpful!
I am doing an MBA currently and as I approach finals for this damn accounting course, I have learned more from these videos than all of the lecture videos I've watched.
Hey,
I'm a first year student taking a course on accounting, and your videos are really helping me out atm. Even better than my professor's courses...
Thanks a lot!!!
You are the reason I passed my Legal Accounting exams - THANK YOU FOR WHAT YOU DO! I honestly cannot thank you enough for dedicating your time and energy to making this all makes sense for so many people
Congrats on your pass! No worries, I'm happy to help
Thank you very much!
I'm still a high school student but I already learned how to understand and build income statements and balance sheets because of your very informative vids. I think I'll aspire to become an accountant someday, your videos helped me a lot on picking a nice course to get in college. Thank you very much and God Bless!
No worries Luis, it's great to hear that you're getting into accounting. All the best with your studies!
I'm studying for my Architect's license and one of the exams focuses on owning and operating a firm. I've never taken an accounting/business course in my entire life and the way you described these financial statements helped me to completely understand the financial operations of a firm. Thanks so much! Even appreciated the landscape and design imaginary company as example.
Hey Katie, if you're studying architecture then accounting will be a walk in the park for you. All the best!
I dont know how anybody could possibly make accounting fun and easy to understand. You're amazing!!!!!
Thanks Neha, I'm glad you enjoyed it!
Thanks so much for your videos! I spent hours staring at the textbook, and spent 30 watching your videos and it explained it better!
No worries Ryan, I'm happy the vids are helping you out!
finally what helps me to understand accounting is your video, rather than 6 months of my accounting class. Now I want to apply accounting for my business, your videos are very helpful, thank you so much.
Going to my final year of study and omg do make it sound so easy and straight forward. After years of confusion and long hours of trying to understand this, I have finally understood it!! thank you :')
Great to hear it's clicking for you! All the best
hahaha we have the same name
Without a doubt, you are a true legend. Period.
Thanks for your kind words :)
The best channel on TH-cam
Thanks buddy!
Few days ago paid for tutorial "Accounting and finance" in udemy and now realised I should not. The best tutorial I have ever seen. Very good examples.
Thanks Alex!!
You are the best! I graduated from bachelor and I'm reviewing all of this and I'm happy to learn that I retained more information than what I thought. Thanks for this entertaining videos, you do know how to keep me paying attention. You should be a professor
Thanks Cyndi!
Same!
Dear James, Being a recent owner of a business, your videos have given me wide guidelines to maintain our books from Journal Entries, Trial Balance and Balance Sheet...... Thanks a lot........... God bless you abundantly
Thanks, hope all is going well with your business!!
Hell of a lot more informative than my university material. Thank you
Thanks! Hope it was useful :)
Super helpful videos. Best accounting videos I have come across on youtube. Thanks.
Cheers Amy! Thanks for your kind words :)
I love how you have timestamped this video. Really helpful
No problem!
I have to applaud the lengths you've gone to to make these videos. I'm sure it's very time consuming since the production value is so high.... much appreciated by nearly 30,000 people. I'm sure you'll help a lot more people who previously struggled with accounting in the future...thanks a million
Cheers Obi and thanks for the support!
This was excellent. Been teaching my wife about investing and getting her up to speed. This is a great video to understand the concepts. Thanks.
Cheers Leon, hope your wife found it helpful!
I'm gearing up to join an investment banking firm and your videos are excellent for laying a foundational knowledge! Thank you!
Have to say, you're a great educator. Thanks for posting, I've learned a lot.
Cheers Damian!
Thank you, you knew I was giving to take accounting 3 years into the future when you made this video-I love you!
One of the best I ever in explaining the financial topic that I ever find in my life...... easy and fast in understanding it👍🏻👍🏻👍🏻👍🏻👍🏻
Glad it was helpful!
I am taking Accounting for my BA in Business, and accounting is not my forte as it seems as though I am reading another language. That is why I hired an accountant. For some reason, they believe I should know how to analyze a financial statement and notes and make recommendations in the second week of class. However, I am CONFUSED. I am backtracking to understand what all the terminology is and am THANKFUL to come across your videos. Thank you for breaking it down in terms I can understand, as I was in tears all weekend. I have more videos to watch and learn before pulling a real-life example of a financial statement to analyze. THANK YOU!!!
No worries at all. You can do this!
I started accounting 2 months ag and I'm writing my final exam for grade 10 in three days!! This channel is the reason I'm passing, thank you :)
Good luck Caitlin! Hope you ace your final
So....how'd you do?
Accounting Stuff thank you so much!!
Pleb Guy haha surprisingly enough, 87% 🤭😂 I’m getting an award at the end of the year for accounting, it’s really all due to this channel 😄
Wow look at what I'm about to do now *subbed*
JAMES! You are awesome! I love your videos (and your accent). Your videos are the only resource I use when I need help understanding my accounting homework. You make everything so simple. I left an online tutoring class tonight because I knew I could get more useful information from you than from the session. You are a Godsend and the ONLY reason I'm able to understand this stuff. Thank you for these free resources. I've encouraged my classmates to check out your videos too because I know I'm not the only one in class who is having a hard time. God bless you and everything you're doing and stay safe.
Hey Adrienne, thanks for your kind words! I'm glad to hear that you're finding these helpful. Cheers for your support and all the best with your studies!
You might not see this but this series has helped me so much... Maybe I'll have a chance to ace that exam now
Good luck! I hope you do
No other video explains these topics as you do. Thank you for this work. You are helping all of us students and more people who were not able to understand these topics firsthand.
Great to hear it's clicking for you :)
This is thebest channel ever to learn about accounts mate thanks a lot you helped me from failing
Great to hear you're finding these useful! All the best in your studies :)
Fantastic video. I appreciate all the time and effort you put in the making of this. You went far and beyond to explain it in detail.
Cheers Jose, hope it's making sense
Even for me that the English it's my second language and I continuing learning
You form to express it's very easy to understand and follow
Thank you so much
This, it's much better and clear than most of the class that I have been taking on the University
This was the best lesson I have learnt from TH-cam, would you kindly consider covering expenses budget and other budgetary statements?
Thanks Kaijin! Cheers for your suggestion
I wish I had known about this channel when I was studying Accounting and FInance at university. This makes everything so easy to understand. I just came upon this channel preparing for a job interview. You sir are doing a great service! Thank you!!
Best of luck!
@@AccountingStuffThank you so much. The interview went great. Your videos were a great help!! Thanks a lot!
Would also love if you could make videos regarding Financial Modeling and excel.
Hi. I love the effort you've put into these videos. You've turned this dry subject into an interesting series of videos featuring videos with beautiful aesthetics, amazing editing most importantly ; simple concepts. You rock.
Thanks,,,,,,,,,,"Double entry accounting" was the comment for me that made the most sense to understand the balance sheet
Me too! He explains it very well.
You've been one of the best resource for my accounting class this semester! Thank you! I still suck at understanding how it all works, but I'm able to do it (kind of) lol. Do you tutor online anywhere? If not, do you have any recommendations for other resources beyond your videos for a college student trying to survive their accounting tests?
Hey Hope! Unfortunately I don't offer any tutoring at this stage. The only resource that I recommend at the moment is 'The Accounting Game' which is a book for beginners. It's great to hear that you're figuring out how it works!
I have just left a long career where no budgeting knowledge was required in any way, now my new roles requires me to have great understanding of business finance. Thank you for making each subject clear and easy to understand in each of your videos. would give more likes if I could
Cheers Michael, all the best with your career change. Hope you enjoy your new role!
I love you!!!!! Hopefully I pass my midterm exam for intro to accounting for managers💃💃💃💜
You'll crush it. Good luck!!
I've been watching through the whole accounting series and they are absolutely useful. The most difficult part is identifying where the transaction goes to on the financial statements e.g. short-term or long-term expenses or liabilities etc.
Thank you so much for videos like this. You’re making a difference to so many students out there ❤️
true dat
I just started watching this one and the "income statement" I have to say you explain very clearly because you're not skipping some little details assuming beginners like me already knows. Thanks I will be watching more of your videos as my assignment is related to your videos.
Glad I found you!
Must have watched this at least 10,000 times already, thankyou!!
No problem Alex! All the best
Love from Bangladesh 🇧🇩❤ 🇧🇩 ❤ 💕 💖 💗 🇧🇩❤ 🇧🇩 ❤ 💕 💖
Oh my gosh, you are awesome! I was getting bored with trying to learn this stuff but your videos are great at keeping attention and focus...
No worries, hope it's all going well!
Hi sir, can you do a video that explains the income statement as well? Thanks!
Hey Keenan, yes I would like to cover that soon!
You already have it in the channel now!
You are such a good mentor. Your explanation is clear and easy to understand.
3:08 when you're making your first 3 financial statements
I'm 38, and considering going back to school as a non-traditional student to study accounting, and possibly pursue a second career. I'm really enjoying your videos, so thank you! I'd never considered accounting until fairly recently, but I"m finding this material super interesting.
Hey Noah, it sounds like you are making some big changes. Good on you! I hope it all works out
Me too thinking the same..38 yrs too
can you please do an income statement
Thanks for your suggestion, I want to get that one done soon
Hi, James. I'm an accountant from Argentina and I'm currently learning English vocabulary ralated to the profession and just want to say that your videos are very helpful. Subscribed!
Thanks and keep up the great content!
Great to have you on board!
*bottom right hand corner of the video* - "SUB?" Me: "Why yes, yes I am. What does that have to do with anyth- ohhhhhh."
It's a feature in YT called Channel Branding
@@AccountingStuff I know, I was making a (terrible) naughty joke. :P
Thank you for your amazing videos, studying basic Accounting for the 1st time at the age of 33 was darn right impossible, well until now!!! Ngiyabonga (Thank you in Zulu) from South Africa!!!
No worries Phumelele. Good luck, that is a daunting task but I'm sure you'll do fine! All the best
I just found you and I’m not leaving!!!!! Thank you!!!!!
No worries, hope it helps!
im not good at math but when i watched it ur videos
. I would like to try know and study , understanding in bookkeeping. This is my subject bookkeeping in high school. Now i understand this bookkeeping , accounting. Thanks . From Phil.
This is really Excellent ! Thank you so much. I’m the volunteer treasurer of a small Residents Assn and have been trying to get my head around the balance sheet financial terminology and the balance sheet equation. I’ll set up a dummy balance sheet in Excel with the double columns and formulae and see how our finances will flow through it. Thanks again. I’ve subscribed!
Hey Christian, I'm glad you found the video helpful. Cheers for the sub! All the best with sorting out your Resident Association's Balance Sheet
Just found your channel and you are the best instructor I’ve ever seen. Many thanks for making everything easy to understand. Please keep the videos coming!!!
Cheers Kristie, there are more on their way :)
I'm incredibly grateful for this. Accounting is one of my modules for uni and I have been struggling with constructing a balance sheet until I came across this video. This step-by-step video has helped profusely - thank you so much.
I hope everyone realises how well made these videos are. I am studying management engineering in italian. And i needed some help in english. After seeing a couple of videos on youtube. I would say your's are easy and fun to watch. I hope you are earning well from this. Thank you man!
Cheers Emre, good luck with your course!
Super clear and concise demonstration for the link between Balance Sheets and Income Statements. Amazing!
Thanks buddy!
This channel is pure gold to anyone taking entry level accounting. Thanks!
You're most welcome :)
Your editings in the video are SUPERB! Words can't describe how thankful I am. 😇
Thanks for your kind words! All the best :)
Omgggg, I think it's finally starting to make sense - how the income statement affects owner's equity on the balance sheet. Now I know what my instructor is talking about.
Nice one! That bit is really critical to understand
This made how balance sheets work so much easier to understand. The examples and explanations were a great help. Thank you!
This was SO good! But all your videos are amazing! Thank you! Thank you!
Glad you enjoyed it!
not only I am learning financial statement also I am learning a superb English. You are great James!
Thanks I'm happy to be of service!
This was hugely helpful, James. Thanks. I am using this as part of my class in teaching financial literacy to gifted middle school students
No worries, glad you found it useful
i have "corporate valuation" exam in 4 days,i ve started studying from from your videos ,i hope i ll pass it
Good luck! Let me know how it goes :)
You are AMAZING! You made my life so much easier and I am grateful!!!!!!!!!!!!!
Glad I could help!
Your videos are so helpful,i have an exam in a week's time and after watching most of your videos i feel confident....Thank you!!!!
Hey Zee, great to hear you're feeling ready for the exam. Hope it goes well!
made more sense after some time looking at what terms like "equity" and "retained earnings" thanks
This is waaaaay better than those courses on Coursera!!! Love the video!! Thanks for the great content!!!
Man, this is the best video for studying and understanding what the balance sheet is. Thanks a lot. Very helpful.
Glad it helped!
@@AccountingStuff Will it be new videos soon? Hope there will
@@jacksonwille Yes, I've been away on holiday for a while but am now back. There should be a new vid next week.
Can't thank you enough man! I took two extra modules in Finance and Accounting to enhance my learnings in college and was almost giving up to get my read around it. But I've found your videos and have learned the content just because I followed your techniques. Thank you! Thank you! Thank you!
No worries Luis, it's great to hear that the videos are helping you with your studies! Good on you for choosing Accounting and Finance, they are very valuable skills to have
I Have watched about 15 videos so far and you have helped me so much. Thank you
No worries, I'm happy to help!
If only my lecturer was him, then I wouldn't need to do any remedial on my Intermediate Accounting !
He explains it clearly with those easy to read spreadsheet.
I was using only my both hand with pen & paper to do all those postings & financial statements, which really gave me a headache to calculate the balance all the time.
Sorry to har that you've been having a tough time with accounting. Preparing a Balance Sheet by hand is a painful process
Been learning this for so long, I finally understand everything. Lots of love and appreciation from South Africa
I'm enrolled in an online accounting bachelor's program and until I discovered your videos last semester I was questioning wth I was doing. For so long I was going through the motions and doing what I needed to do but I'm the type that needs to know WHY I"m doing it. Reading texts with no professor instruction wasn't really giving me that. Thank you for all your help!
I can totally relate on wanting to know 'why'! Best of luck with your course
I've posted under multiple videos of yours, and I mean every word. Your channel is genuinely amazing and you make this content way more digestible than my lecturers do (even though this is supposed to be what they get paid for)
Thanks for your kind words :)
This is the best explanation ever. Thank you.
Thanks Troy!
OMG - what an AMAZING tutorial! I'm getting started on doing this as an ED, and this was SO HELPFUL! Thank you so much!
Thank u, man! Best channel that i have ever seen!
Cheers Gunay :)
I was super confused about this balance sheet thing-y. But James! You made it easy for me. Me being a 9th grader found it hella hard and confusing.
Thank you so much for this video!
Thanks, great to hear that it's making sense for you :)
Bro, YOU THE MAN. So easy to understand
ABSOLUTELY LOVED IT....COULDN'T HAVE HAVE BEEN SIMPLER TO UNDERSTAND.....!!!!
Merci 😇
woah i am back again before my accounting test you are indeed a great teacher
Good luck in your test!
Awesome video! I'm a small business owner and you have saved me a lot of time (and money) in explaining this so well. I wish I could buy you a coffee. :)
Thanks and best of luck with your small business. I hope it's going well :)
I'm accountant but my business english vocabulary is not enough, I'm learning a lot thank you
write a book mate or some ppt decks, this is by far the best explanation of Balance Sheets I have seen.
Thanks for your kind words!
Amazing - thank you for doing this. As someone who is new to accounting this is making my life a lot easier. Awesome job.
OMG--Thank you soo much! This channel is saving my grade in accounting!
Great to hear!
You are the king of accounting thank you my friend
Thank you!!! I was lost in my accounting class, these videos are so helpful!!
No problem, happy to help :)
James, Thank you for posting these videos. I have been out of school for way too many years. I just started my own business and I am trying to do my own book keeping. You are very helpful and I couldn't imagine trying to do this by myself. Keep up the good work and God Bless.
how did i only find you now, so excited to watch and learn as i grow, thank you for making these so simple to understand
Best of luck with it all!
Man, you're simply a legend, thank you so much!