Accounting Explained: The basic concepts you should know

If you are just starting out as an accounting student or professional, check out this video where I lay out the basic concepts of accounting and walk through the 3 main financial statements.

We will cover:
The Income Statement
The Balance Sheet
The Cash Flow Statement
Flow of data
And more….

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[rossbriannestein]

I have always thought of accounting as not necessarily math, but rather organizating financial information of a business. This video is really good.

[elvisadrianable]

I would love to see a video in which you explain the cut off procedures, how to properly analyze each financial statement in order to valuate a company, and how we can optimize a company's operations / expenses based on the analysis of the financial statements. Thank you and keep posting, your videos are extremly useful!

[unehistoiredechiffres]

Hi! I'm a french management controller and i improve my english with your videos ! thank's a lot ! :)

[lisamccray]

I couldn't help but to think of a "stick man" walking away with a "brief case" marked, Retained Earnings. 😎 I really needed to hear this is plain, plain terms. It helps with "not stressing" over accounting fundamentals. This stuff is still very difficult for me. I'm struggling, but then again, I am doing better day by day. Again I'm an accountant in Pampers. Thanks for the Gerber. No, really. This stuff is hard (to me anyway). Keeping it real. I read the other man's comment. I'm nowhere near there yet.

[thorbaaformatha]

I have been doing assistant management accounting positions for a while and then moved to a data analyst position for the last 5 years and lost some of the core principles of accounting..I have been watching your videos religiously to gain the fundamental knowledge back and start my ACCA exams and landed myself a management accountant job here in the UK..I just want to say you can hardly find a channel to explain things with clarity the way you do and I hope one day when I am qualified I will capture this niche market and do the same..keep uploading brother..I wish you nothing but more success!!

[manuelasandor]

I find your videos really helpful as a junior accountant. Thank you and please keep them coming :)

[dianagabrielaaldeanquinter]

This explenation was so helpful! I am preparing for an interview for a placement year and I thought to review all the topics I had done through out my first year of Uni. Your explenations have been so clear that I won't have to spend too long on reviewing my notes. Thank you for your exceptional job!👍

[johncarrigan]

I just switched from a non accounting job to an accounting job with the Big 4 and this is the refresher I needed!

[flavs]

Im a young student in college currently and i loved this whole video, cant wait to learn more thank you

[swamivivekananda-cyclonicm]

Thank you, really appreciate your simple and amazing way of representing 🙏

[wasifkazi]

I've heard corporate finance and tax are the "harder" subjects for accounting students. I will be checking out your other videos to see if there's anything there that can help me prep for school as I do not have any prior accounting knowledge. This video helped me a lot.

[cameronsafford]

Excellent video. This really helped me alot. Thank you!

[ChengeerLee]

Amazing video. Thank you so much for your content. I am in Talent Acquisition. It helps me so much. Kudos!

[gurpreetsinghnandhra]

This makes so much sense... really good!

[ektasharmamondal]

Thank you for such a amazing and detailed video.

[danishnaeem]

Thank U!
Please give us a lecture on business taxation.

[greiceflores]

You are just amazing!! Thank you for the explanation. :) :)

[sonyaball]

Thank you for your videos, they are very helpful!! Can you cover revenue recognition?

[avalopez]

I like your channel. Can you do a video on treasury operation or management, with a focus on hedging via derivatives. I am curious how it works in practice, not just theory.

[Maryabril]

Love it. I want to by a existing business. How do I analyse it, do know if it will be profitable in the future? Thanks :)