Dude, yes!!! I've been struggling to comprehend Gleim's explanations of this topic for hours. I probably understood it within the first minute of this video, and the Part 1 video (Revenues). Thanks for taking the complexity out of accounting and approaching it with common sense!
I am a Korean who is English as a second language. I had troubled to understand the circumstance due to English barrier. With your detailed and good explanation, I can sleep comfortably. I had spent to understand this for more than 2 hours. I finally understand it with two videos. I really appreciate your great teaching and thank you very much
What we need to do is give props to the people helping us AND spread the word to our accounting firms so instead of them paying for Becker, maybe they look into setting up a relationship with I-75 (if that’s something you would even want) I have FAR to take and I am done, but I’m definitely looking into I75
Im not studying for a FAR exam or whatever that is, but my teacher for my financial reporting frameworks class explained the cash to accrual concept so weird I did awful in my first exam since it was the majority of the point values :( I was literally in tears studying the night before my test because I had no idea how to navigate the concept, and ever since I got my grade back I have been looking for hours for a video that would explain this as easily as you did. Im going through your entire cash to accrual series, and all your explanations have helped me so so so so so much the entire time Ive been studying for. I hope that as my semester goes on I can find more of your videos to help explain the topics in my class, because your explanation for this alone has calmed down my anxiety about failing this class as I hadnt done any accounting for the past 3 semesters because of prerequisites from transferring to a university from the community college i was attending thank you so so much for making this video I really cant stress enough how helpful this was !!!!!
God bless you. Wasted whole day trying to understand all those fancy formulas in review courses, until I found this video. Great Had I known before hand about your videos and lectures, I would have never taken any CPA review course.
Hi I have a quick question. I understand that Beginning AP represents "expenses incurred in a prior period" that will be paid for during this period. Also Ending AP represents expenses "incurred during this period" that will be paid for in a future period. Lets say we have beginning accounts payable of $100 and we pay for all of it except $20. This means $20 of the beginning AP would be included in our ending AP at the end of the year because we didn't pay it. This goes against the equation because ending AP represents expenses that were incurred during this period but will be paid for in a future period. However, the $20 was apart of beginning AP which means it was incurred in a prior period and was supposed to be paid for during this period. If $20 of our beg. AP goes to our ending AP because it didn't get paid, how does this affect our equation for the current period? And will this mess up our equation for future periods? Sorry if this was confusing I'm just having a very hard time figuring this out. I've tried to figure it out on my own and just cant seem to understand it. I would really appreciate if you could help me.
Dude, yes!!! I've been struggling to comprehend Gleim's explanations of this topic for hours. I probably understood it within the first minute of this video, and the Part 1 video (Revenues). Thanks for taking the complexity out of accounting and approaching it with common sense!
I am a Korean who is English as a second language. I had troubled to understand the circumstance due to English barrier. With your detailed and good explanation, I can sleep comfortably. I had spent to understand this for more than 2 hours. I finally understand it with two videos. I really appreciate your great teaching and thank you very much
Sir~ your video is the sole reason i conceptually understand this now THANK YOU SO MUCH!
Thanks. The right teacher makes all the difference, you may want to invest in i-75 FAR. Go to CPAexamTutoring.com
What we need to do is give props to the people helping us AND spread the word to our accounting firms so instead of them paying for Becker, maybe they look into setting up a relationship with I-75 (if that’s something you would even want) I have FAR to take and I am done, but I’m definitely looking into I75
Im not studying for a FAR exam or whatever that is, but my teacher for my financial reporting frameworks class explained the cash to accrual concept so weird I did awful in my first exam since it was the majority of the point values :(
I was literally in tears studying the night before my test because I had no idea how to navigate the concept, and ever since I got my grade back I have been looking for hours for a video that would explain this as easily as you did. Im going through your entire cash to accrual series, and all your explanations have helped me so so so so so much the entire time Ive been studying for.
I hope that as my semester goes on I can find more of your videos to help explain the topics in my class, because your explanation for this alone has calmed down my anxiety about failing this class as I hadnt done any accounting for the past 3 semesters because of prerequisites from transferring to a university from the community college i was attending
thank you so so much for making this video I really cant stress enough how helpful this was !!!!!
God bless you. Wasted whole day trying to understand all those fancy formulas in review courses, until I found this video. Great
Had I known before hand about your videos and lectures, I would have never taken any CPA review course.
Thank you!! This HELPED SO MUCH!
You’re a legend
This was extremely helpful and your broke it down perfectly. Thank you!
thank you. this is so helpful. I always like to understand the material over memorizing the formula
you are God sent. thank you so much this helped a lot!!
this is soooo easy to understand! thank you!
You're a life savior
Hi I have a quick question. I understand that Beginning AP represents "expenses incurred in a prior period" that will be paid for during this period. Also Ending AP represents expenses "incurred during this period" that will be paid for in a future period.
Lets say we have beginning accounts payable of $100 and we pay for all of it except $20. This means $20 of the beginning AP would be included in our ending AP at the end of the year because we didn't pay it. This goes against the equation because ending AP represents expenses that were incurred during this period but will be paid for in a future period. However, the $20 was apart of beginning AP which means it was incurred in a prior period and was supposed to be paid for during this period.
If $20 of our beg. AP goes to our ending AP because it didn't get paid, how does this affect our equation for the current period? And will this mess up our equation for future periods?
Sorry if this was confusing I'm just having a very hard time figuring this out. I've tried to figure it out on my own and just cant seem to understand it. I would really appreciate if you could help me.
This was very helpful and well detailed.
great video
Thank you, very helpful video.
THANK YOUUU SIRRR!
Woot! Woot! ❤️