How to Audit and Analyze a Trial Balance

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  • เผยแพร่เมื่อ 28 ก.ย. 2024
  • Follow me on Instagram: @bryan_carreto
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    On this channel I am not trying to sell you anything other than hard work and sweat. If you do the work and stay disciplined, I promise you that you will succeed.
    Please make sure to subscribe to the channel because I plan to make this channel all about the CPA exam, the accounting profession, and topics I think could help young professionals just starting their career.
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    My goal on this channel is to help all of the young professionals out there wanting to excel in their careers and in life.
    So please stay tuned.
    Until next time work hard and dress well
    -Bryan Carreto, CPA

ความคิดเห็น • 114

  • @sergecanepa1971
    @sergecanepa1971 2 ปีที่แล้ว +24

    love this video and how you show a practical example of what an auditor does/the logical thought process behind it

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +4

      Appreciate the feedback bro! Please let me know if you have any accounting topic you are struggling with

    • @dennislartey5566
      @dennislartey5566 ปีที่แล้ว +1

      @@BryanCarretoCPA please we want to know how to prepare working papers, how to audit fixed Asset, payables revenue

  • @AnnaKatherine-ir4xx
    @AnnaKatherine-ir4xx หลายเดือนก่อน +21

    Obviously CPA exam has been a pain in my butt that won't bother me any longer I have gotten my license already thanks to you Mr Dylan God bless you more cuz you made it possible for me

    • @jameskennedy7472
      @jameskennedy7472 หลายเดือนก่อน

      Am sorry for that some people also
      go through difficulties, just be patient
      and keep studying

    • @jaxenriquez
      @jaxenriquez หลายเดือนก่อน

      I saw someone say he is not trustworthy i
      couldn't stop laughing, really people say a lot
      of shit these days.

    • @VanSimon-o2q
      @VanSimon-o2q หลายเดือนก่อน

      He doesn't have a TH-cam channel, why is that?

    • @HendersonJoshua-km9ux
      @HendersonJoshua-km9ux หลายเดือนก่อน

      hello!! This a backdoor we're talking about not
      some kind of extra classes, you really won't
      expect him to have youtubeChannel is not safe for him

    • @melodychibuike
      @melodychibuike หลายเดือนก่อน

      I've heard a lot of good stories about this
      Man all over TH-cam channels can he
      really help

  • @CC-wo2xc
    @CC-wo2xc 2 ปีที่แล้ว +30

    On the right track. This was exactly the niche that needs to be filled. Practical audit content. Keep up the good work. More content like this please.

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +4

      Appreciate you bro! Definitely on to something here ;). More content on the way

  • @a.beaverhausen1140
    @a.beaverhausen1140 2 ปีที่แล้ว +6

    Awesome video for students & new auditors! Keep up the great work!

  • @stephendeochua5812
    @stephendeochua5812 8 หลายเดือนก่อน +1

    For a non-accountant, you made it very easy to understand. Thanks alot!

  • @allprolemontonz8448
    @allprolemontonz8448 2 ปีที่แล้ว +4

    Thanks I start as an audit associate in September very helpful series

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +1

      Awesome!! Best of luck. I am here to help

  • @johnankitgomes5442
    @johnankitgomes5442 10 หลายเดือนก่อน

    Do you know what's the best thing I liked about your video? You really loved and enjoyed teaching your viewers. You took that extra mile, to make your viewers understand.... I really appreciate it. Thank you.

  • @jayaseto
    @jayaseto ปีที่แล้ว +1

    Thanks man, I did accounting and got a job as an auditor this is will be very useful when I undertake the audit of the FS come July

  • @johnoloyede4153
    @johnoloyede4153 2 ปีที่แล้ว +4

    Mr.Carreto thank you so much, this is excellent.

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +1

      Appreciate you bro!
      Glad I could help.

  • @ronaghimire
    @ronaghimire 2 ปีที่แล้ว +3

    You earned a subscriber! Much love to you and your channel. Hope you do the worksheet video soon. People like me who loves to learn will be so grateful ❤️

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +1

      Thank you! What worksheet were you referring to? How to prepare a Trial Balance? If you have any questions please let me know

    • @ronaghimire
      @ronaghimire 2 ปีที่แล้ว +1

      Thanks to you for replying. I was talking about work paper that you have prepared in this video. Can you make a video on this please. I am a newbie and I am struggling to make proper and efficient work papers for analysing data. And thank you in advance for all the great video you will do in future. 🙏🏻❤️ And yes please continue this series.

  • @miriambrown6229
    @miriambrown6229 4 หลายเดือนก่อน +1

    Subscribed!!
    Thank you for taking the time out of your busy schedule 😘

  • @PeterPohl-uq7xu
    @PeterPohl-uq7xu ปีที่แล้ว

    Best introduction to trial balance I have seen on TH-cam.

  • @garyherndon1222
    @garyherndon1222 7 หลายเดือนก่อน

    I Just found your page. I’m hooked. I would elaborate, but I’m at the gym. Keep it simple- stupid. The simplicity of the delivery & content are impeccable! Thank you

  • @ChristianCPA
    @ChristianCPA 8 หลายเดือนก่อน +1

    I like this guy! He knows his stuff!

    • @BryanCarretoCPA
      @BryanCarretoCPA  8 หลายเดือนก่อน

      I like you too haha.. appreciate it bro

  • @brp7016
    @brp7016 ปีที่แล้ว +3

    Any plans to continue this series!? This is seriously great content !!!

    • @BryanCarretoCPA
      @BryanCarretoCPA  ปีที่แล้ว +3

      I will definitely be releasing an entire audit series that covers all main parts of a financial statement audit. More to come..

  • @kru_tp369
    @kru_tp369 7 วันที่ผ่านมา

    Very informative video. Thank you for posting it.

  • @evang8472
    @evang8472 ปีที่แล้ว

    Well done!!I'm an associate and been looking for this.Ur content is on point.Thank you.Looking forward to watch more of your videos.

  • @charlesoparah3178
    @charlesoparah3178 7 หลายเดือนก่อน

    Bryan, excellent job. Please make a video on how you developed the WP from scratch.
    Thanks bro.

  • @charlesoparah3178
    @charlesoparah3178 10 หลายเดือนก่อน

    Hello Bryan. Very helpful video. Thank you. Please Please make a video about how you prepared the WP from scratch. Thank you.

  • @dennislartey5566
    @dennislartey5566 ปีที่แล้ว +1

    Please do a video on how to develop a working paper

  • @tosinfayiga1044
    @tosinfayiga1044 ปีที่แล้ว

    Thanks Bryan for this insightful lesson. Please can you do videos on how you generated this trial balance from scratch and another video on statement of change in equity and valued added statement in the financial statement. Please Bryan be a little slow in explaining as I am a slow learner. Thanks once again for the good work you do.

  • @christopherreed3019
    @christopherreed3019 ปีที่แล้ว +1

    When you have a credit balance Account receivable, that means you OWE

  • @dyvitajones8657
    @dyvitajones8657 7 หลายเดือนก่อน +6

    Current audit associate and I’m feeling pretty slow so reviewing your content is really helpful. I need a lot of help

    • @sashac9526
      @sashac9526 3 หลายเดือนก่อน

      same, gosh. its my first job ever and i had a TB TO FS file and i honestly struggled with it so much

  • @AndreA-qp6in
    @AndreA-qp6in 2 ปีที่แล้ว

    Great video, thank you! When you have some time please make a video on how to analyze cash flow and preform work throughs

  • @denisseh3946
    @denisseh3946 ปีที่แล้ว

    What about a video on journal entry testing? My senior said I’m working on this next month for a job I’m on… think you could make a video on what this is?

  • @Mk-jz7ty
    @Mk-jz7ty 11 หลายเดือนก่อน

    Thank you for your amazing video; Can you please do a video on payroll audit. ADP report vs Income statement payroll line item.

  • @chideraozomma8035
    @chideraozomma8035 5 หลายเดือนก่อน

    This was so insightful.

  • @tecfab4557
    @tecfab4557 2 ปีที่แล้ว

    Very informative, thank you. When you have the chance, can you please make a video on risk assessments and internal controls? Thanks🙏🙏

  • @nohakhattab2427
    @nohakhattab2427 ปีที่แล้ว

    Extremely useful thank you so much !!

  • @hasinarafenoarisoa3747
    @hasinarafenoarisoa3747 ปีที่แล้ว

    Thank you so much! Could you share (upload ) this file according audit of trial balance, please?
    How to audit the intangible assets, please?

  • @lizziejumbe5777
    @lizziejumbe5777 8 หลายเดือนก่อน

    So helpful, thank you!

  • @amanabutt9239
    @amanabutt9239 ปีที่แล้ว +2

    Hello, i just wanted to say that this is by far the best video i have seen on TB and very well explained. I have subscribed 2 ur channel now. I do alot of TB work as a financial accountant as i deal with multi-entities and reconciling the entities requires their TBs, IS, BS. So thank you

    • @BryanCarretoCPA
      @BryanCarretoCPA  ปีที่แล้ว +1

      I appreciate you!!! Thank you. Please let me know if you want me to cover anything in detail

    • @amanabutt9239
      @amanabutt9239 ปีที่แล้ว

      @@BryanCarretoCPA sure, i will check more videos on your channel and see the concepts you have already covered and will request as required. Thanks

  • @nanyongacissy-w5y
    @nanyongacissy-w5y ปีที่แล้ว

    PLEASE MAKE A VIDEO ON HOW TO CREATE A WORKING PAPER

  • @YujuanLiu-s1x
    @YujuanLiu-s1x 10 หลายเดือนก่อน

    love your vidoes. Please make more vidoes !!!

  • @jnkvngz2965
    @jnkvngz2965 ปีที่แล้ว

    Great insights!

  • @denisseh3946
    @denisseh3946 ปีที่แล้ว

    Have you made a shortcut video? For excel

  • @hasinarafenoarisoa3747
    @hasinarafenoarisoa3747 ปีที่แล้ว

    Could you make videos about NPO Auditing, please?

  • @hansredgate1
    @hansredgate1 2 ปีที่แล้ว

    Quick question, you see prepaid as being quantitatively immaterial 0 balance at reporting so it won’t be tested. However, would you do then more testing on opex or cogs closer to cutoff period? Or would this be verified with testing of payables?

  • @nidhilakhani9340
    @nidhilakhani9340 6 หลายเดือนก่อน

    Please create video audit workpapers for each line item

  • @felipau29
    @felipau29 2 ปีที่แล้ว +9

    Currently an audit intern & this was my assignment today. Great content & super useful!

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +2

      Awesome bro! Glad it was helpful. Keep me updated on your internship and best of luck

  • @msbelen2532
    @msbelen2532 2 ปีที่แล้ว +4

    Thanks a lot 🤗 Right on time for my career

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +2

      Great! Please leave me a comment on any other topics that come to mind.

  • @stikofbota6499
    @stikofbota6499 2 ปีที่แล้ว +4

    More like this one ☝️

  • @jimmiejoshua3307
    @jimmiejoshua3307 2 ปีที่แล้ว +5

    Yes, we needed this, great stuff!

  • @k4i808
    @k4i808 2 ปีที่แล้ว +4

    Thank you so much Brian! I start my first audit this morning and I’m so nervous. This was so helpful

    • @BryanCarretoCPA
      @BryanCarretoCPA  2 ปีที่แล้ว +1

      Awesome!
      Glad this was helpful. As you go through your audit please comment any topics you are struggling with

  • @waeeeezeeeee
    @waeeeezeeeee 2 ปีที่แล้ว +2

    omg ive been searching for this type of video ! T_T

  • @sarthakapte7288
    @sarthakapte7288 9 หลายเดือนก่อน +1

    Can you make a video on how to audit inventories and fixed assets

  • @sulemanhassanali
    @sulemanhassanali 21 วันที่ผ่านมา +1

    Thanks

  • @charlesoparah3178
    @charlesoparah3178 10 หลายเดือนก่อน +1

    Bryan shortcut video please. Thanks

  • @caonlyca4971
    @caonlyca4971 ปีที่แล้ว +2

    I'm a CA. Loving your video. Please do it more. This is unique in TH-cam channel. You can conquer all finance aspirants and professionals

  • @sarthakapte7288
    @sarthakapte7288 9 หลายเดือนก่อน +1

    Can you ma'am video on how to audit inventories and fixed assets

  • @jondoe5590
    @jondoe5590 ปีที่แล้ว +1

    Can you do a vid on "Balance Sheet reconciliation" please? Lots of job descriptions require this skill, but I only learned about bank reconciliations in school.

  • @rhodakejik43
    @rhodakejik43 ปีที่แล้ว +1

    You are good teacher. Please make the video on how you came up with spreasheet

  • @musicreboost
    @musicreboost 22 วันที่ผ่านมา

    Excellent video, could you record a video with cash flow analysis? ❤

  • @tosinfayiga1044
    @tosinfayiga1044 ปีที่แล้ว

    Plaese Bryan, can you kindly avail me any of your social media address with which i can reach you incase i have a question or there is something i do not understand? Pleaseeeeeeeeeee!!!

  • @amanda2890
    @amanda2890 22 วันที่ผ่านมา

    9:02, me checking my client's TB: oh shit its out of whack, im finished

  • @aRiyomi
    @aRiyomi ปีที่แล้ว +1

    Great video and thanks for being a helpful mentor to audit trainees. We all wish that we could receive the same amount of training and support as you provide your mentees.

  • @ahmednagy3234
    @ahmednagy3234 6 หลายเดือนก่อน

    Thank you, Bryan. Can you please share with me the worksheet?

  • @CPA-lx4dy
    @CPA-lx4dy 28 วันที่ผ่านมา

    Really helpful! Hope you make a lot more videos like this!

  • @erfansharifi7969
    @erfansharifi7969 4 หลายเดือนก่อน +1

    loved this

  • @tanyarolle8001
    @tanyarolle8001 8 หลายเดือนก่อน +1

    Please Know that this video is just great quality! A whole course in 30 minutes

    • @BryanCarretoCPA
      @BryanCarretoCPA  8 หลายเดือนก่อน

      I appreciate you! Thank you

  • @linkercasas1004
    @linkercasas1004 หลายเดือนก่อน

    Te aventastes carnal!! I love how you incorporate examples along with relevant software commonly used in audits, such as Excel. Thanks for showing how it's done in a practical and functional form. 🤝👍

  • @jiscarkavick2952
    @jiscarkavick2952 2 หลายเดือนก่อน

    Can you establish a complete audit of financial statements. Your videos is so real practical. And that's the point that everyone should do. Thank you

  • @jonathanrianto4668
    @jonathanrianto4668 4 หลายเดือนก่อน

    This is so informative and elaborate, i wish if you could make a video of how to do analytical procedures to test all items of the TB and maybe an excel template.

  • @abdoulienyassi884
    @abdoulienyassi884 ปีที่แล้ว

    Wonderful job, but could you make a on how to prepare full financial statements reports. I believe it could be much helpful.

  • @pema4624
    @pema4624 ปีที่แล้ว

    thank you so much! I am struggling at my job and this is very helpful~ very new to audit.

  • @GouAndSotsuWereMistakes
    @GouAndSotsuWereMistakes ปีที่แล้ว

    Thanks mate, this is better than our firm's training video.

  • @nigarlalayeva3419
    @nigarlalayeva3419 6 หลายเดือนก่อน

    That’s extremely helpful, thanks for the help

  • @belindabrooks7620
    @belindabrooks7620 7 หลายเดือนก่อน

    This was so helpful! Subscribed!

  • @hamzahfrs6548
    @hamzahfrs6548 10 หลายเดือนก่อน

    Thanks a lot this is really helpful

  • @olayinkayisa2477
    @olayinkayisa2477 ปีที่แล้ว

    Awesome

  • @tosinfayiga1044
    @tosinfayiga1044 ปีที่แล้ว

    Plaese Bryan, can you kindly avail me any of your social media address(WhatsApp or telegram)where i can reach you incase i have a question or there is something i do not understand? Pleaseeeeeeeeeee!!!