Financial Accounting in simple English, All Accounting topics covered.

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Financial Accounting Full course

Goal for this video: 1 Like and 1 Subscribe from you. Please can you help me in this goal?

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Disclaimer: Some contents are used for educational purposes under fair use.
Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for "Fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
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Chapters of this Video:

0:00 - Financial Management Overview
4:18 - Accounting Basics, what is Accounting and why accounting is needed
7:12 - Transaction explained in Accounting
9:42 - What are different Accounting Standards, Periods and Boards and how these relate to each other
16:44 - All about Assets (Accounts Receivables, Current, Long, Tangible and In-tangible)
28:48 - All about Liabilities and different types of Liabilities (Current, Accrued, Contingent) with Examples.
34:10 - Important topic to consider watching - Capital, Equity, Income, Expense and the Process to derive Net Income from Revenue & cost Explained
01:01:05 - Crucial part (Accounting process end to end - right from Journal entries to generating financial statements)
01:35:25 - Financial Statements (Income Statement, Balance Sheet and statement of cash flow)
01:46:57 - What all was covered in the video

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Keywords for the video:

Basics of accounting,
Elements of accounting,
Accounting Process,
Transactions,
Credit entry,
Debit entry,
Double entry system,
Journal entry,
P&L account,
Balance sheet,
Cash flow statement,
Assets,
liabilities,
Capital,
equity,
Cash equivalents,
Accounts receivables,
Inventory,
PP&E,
Raw materials,
Semi-finished goods,
Fully finished goods,
prepaid expenses,
Deferred income taxes,
short term assets,
current assets,
Tangible assets,
Intellectual property,
copy rights,
Expenses (Costs)
Sales revenue
Other income
Depreciation,
Amortization,
Interest paid,
Taxes,
Gross profit,
EBITDA,
EBIT,
Net Income,
PAT,
Profit after tax,
Profit before tax,
Accounting equation,
Assets is equal to liabilities and Equity,
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Finance Accounting was really something new to me 2 hours ago!! but not anymore!!! 💯

Thanks for such a brief explanation with good examples.

This person really knows the answer to very known question : "How would you make this understand to a 5 year old?"😂

Shreaahaha
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P, I have seen your 30 minutes teaching on time value of money and was blown away how you simplified it and made it so easy to grasp it quick. Now, miraculously you put this concise summary on financial accounting which I really really needed to brush on my aging knowledge on accounting. I was even considering going back to school to do this but your video is more than sufficient for my current need. Thank you brother!

Jesticeall
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This was a very thorough video. I have always struggled with accounting but couldn't seem to stay away from Accounting Jobs. Just landed a Controller position and needed a refresher on the basics. This will be on repeat for me as I step into a new challenge in my career. May GOD bless you for putting together this course and may ALL of those who find this video ALL grow in knowledge and in whatever aspect of their journey in Accounting. GOD BLESS

UndertheMicroscope
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You are a talented teacher! Clear, comprehensive, structured view and you clearly understand what's relevant and what's not. Thank you!

datasherlocka
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myself coming from completely professional background, but gaining all the necessary finance terms with this 1 hours 47 minutes. Thank you very much

pongringmei
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Thank you for taking 3 months of knowledge and compacting it into 1hour 48mins of enjoyable and easy to understand learning. Thank you for helping me to achieve my goal of understanding the Principles of Accounting.

troymasuku
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Oh my goodness. Your channel has all things that I was searching for almost 2 years and now here we are. Finally found a channel which really deserve Subscribers

talhabinasghar
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Bro you have to receive an award for summarization this accurate ❤

Outlier_G
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I wish he was my school teacher. I am sure you made the best video on accounting on whole YouTube. By the way your new subscriber . Thank-you so much sir for making this video it helped me in my half yearly exam.

mohitchaudhary
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you simplified the entire series in to one episode delivering every aspect of financial accounting. Thank you

komminen
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It’s a very effective learning material for me to revision for accounting as accounting needs practice for you to not fade out the format but thanks to this video 👍🏼 hope sir can continue with the other two topics of accounting control 🙏🏼

Yukishak
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All your hardwork is definatly seen in this brilliant video. I have liked and subscribed it and I wish you have loads of subscribers. I have made notes also of some important points. Though I am studying accounting from past few months this has worked as a booster and has cleared many doubts which I always had. Cant thank you enough. Please continue making such videos! Very best of Luck!!

Aesthetic_Moon
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Done watching this! It took me days to finish this, yet it is worth it.
Thank you Sir for your effort. This is indeed helpful.

carmelakayerita
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I can't explain how much this video meant for me 😭❣️this is just so special for me. God sent this video to me😍. Actually I've done science in the +2 and I'm currently studying bachelor of business studies(commerce). It's quite difficult to understand financial language because I've not done +2 in management so, I was so worried how I'm gonna understand everything 😭😭 I was afraid to ask to the teacher also about the minor problems. This video clear my all doubts☺️☺️. Thank you thank you thank you so much sir 🌺. You don't know sir how special this video is for me😍. You've done so well, really appreciate your work 😍. You'll get more appreciation in the future ☺️🌺. Keeps going sir ☺️💕 . Thank you so much ❣️. God bless you sir 😇😌

hakenkreuz
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Great video. Everything is summarized in a way that is easy to understand. Thank you very much. You are awesome!

oshandeshapriya
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You are very talented at teaching! Thank you for such a comprehensive view of the topic

datasherlocka
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Amazing explaination.... And easy to understand... You deserve award Sir!

abdulbasith
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It's very very helpful to me, I'm currently a Bcom Honours 1 sem student and due to the pandemic my basics were messed up and I passed the exams with only theories alone and Zero knowledge of practical stuff, thank you very much.

DhitishmanDas
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man... this is just stunning... now I'm only at around 42nd minute but these are some crazy information defined in a neat way.

aadithyaramu
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This is amazing. I must say you are one of the finest teachers in the world. The way you simplified everything omg❤ Thankyou Thankyou so much I have subscribed your channel. Plz make more such video the one-stop solution for all the major parts of finance. Lots of 💕

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