TANGIBLE & INTANGIBLE ASSETS / DEPRECIATION VS. AMORTIZATION / ACCOUNTING FOR BEGINNERS #101

MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you.

What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.

#Accounting #Exercise #CPA

[AWM]

You are a phenomenal teacher
I never studied accounting but now have to taken an exam and it was kiling me. I have now watched almost all ur videos. Thank you soo much for these videos. Very layman and easy to understand. Please continue doing the great work. You have out ur heart in these videos. Thought to show my appreciation.

[elizap]

I have seriously been binging your videos I pretty much watched all of them and I'm very far ahead of my accounting class so thank you thank you thank you for this!! you are appreciated!!! I can honestly say I haven't failed this semester because of you! keep it up

[gabbyperez]

Thank you!!! you have helped me so much this semester! I cant express how grateful I am for your videos! You make learning accounting fun!

[nicholmcgaughy]

Just when I think I understand this, I watch your video and WOW you explain it all and make it seem SOOO easy and simple!

[mojstv]

Thank you for the videos. I like the easy going personality with which you deliver your videos. It’s captivating! I’m a big fan!

[jesntamayo]

Yayy another video! Great timing we are on amortization right now

[fareehaarshad]

Your videos made me understand accounting better. Thank you!!!

[loop]

Easy to Remember!! Great video..Thank you

[TheEgyptiantech]

Hey thank you so much for the video it was really helpful and helped clear things up for me! I had a question that I can't seem to find the answer for anywhere, I know EVA capitalizes R&D then amortizes it, what happens with Purchased goodwill? do I capitalize it or expense it? Thanks in advance

[bigdickbill]

this is fucking awesome, gratitude from a business student in China

[favs]

WHERE ELSE CAN YOU LEARN ABOUT ACCOUNTING AND HAVE A LAUGH AT THE SAME TIME? NOwhere!!! but here

[RocksmithPdl]

Accrual concepts please you explain better than the textbook lol

[TheCalmsoft]

Accounting is so freaking hard! Or it’s just the way they teach in schools and write tests. I had to switch my major at ASU because of ACC class that I didn’t do well.

[saeltorres-diaz]

Are loan fees (Late, Admin, origination) considered intangible assets?

[AbhayKumar-hjvf]

Hii can u tell me the process of CPA course..in detail that what is the qualifications need to do CPA ..

[djnight]

Hi. I really need your advice. I am studying Acc in the US. 23 year old female from Romania. I am in my second year, but I am frightened that I may not find employment after, with a Bachelor’s in Accounting. That is why I was considering Nursing - I genuinely like to help, work hard, and I am sociable. However, I enjoy Accounting, but I can not afford to make any “mistakes” and be surprised by not finding a job. I feel like Nursing graduates always find employment :(

[jenniferbollero]

I am having trouble find depreciation for units of production method, year two and three. I got year one, and I am so lost. I can't find anything on your playlist for this.