3 Unexpected Benefits Of Learning Accounting

Learning Accounting can teach you skills that can come in handy day to day. Whether your Accountant, or Non-Accountant, in this video you'll discover the importance of Accounting, and how it can help you with your own own personal finance.

⏱️TIMESTAMPS
00:00 - Intro
01:29 - What is Accounting?
02:36 - Setting Long-Term Goals
03:24 - How Accounting can Help You Budget
04:45 - Why Accounting is Useful for Investors
06:00 - How Accounting can Improve Your Financial Literacy

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#accounting #accountingbasics #accountingstuff

[AccountingStuff]

Tushar - thanks for your suggestion that helped spawn this video! If any of you have other video ideas, please let me know. It may well end up as the subject of the next one :)

[TRUCKERTV]

By learning accounting, you learn how to balance a check book and stay out of debt. As well as learning how to read business statements, so you'll know which stocks and mutual funds to invest into. Top 10 wealthiest people have accounting back ground.

[jelenagordijenko]

Hi James, I like that you are making an effort to "light it up", besides other aspects. It's between difficult till impossible to learn something that you honestly don't like, and your light approach - with showing nice views, taking care of visuals, carefully selecting background for every video - actually adds something live to quite dry subject. Thank you for your effort and creativity!

[FarewellAphrodite]

To study accounting for “Financial Literacy” definitely helps with being an informed, financially responsible adult, yet also, so closely related to the field of accounting is “Digital Literacy”, or computer/technology literacy in this fast paced convergence business world.

[tuantominh]

You are a super hero for non-accountant person like me. Thank you for all. Wish you nothing but all the best.

[ritikathakur]

You made a great point about how accounting allows you to create a budget and predict future things that can impact your business heavily. My husband is looking for an accounting service to help him with his finances and other compliance issues that he can’t fix himself. He will keep these tips in mind as he searches for a professional that can help him best.

[cryptoholic]

Very True - financial literacy is incredibly crucial and one of the most important things you can ever learn

[reubendinkins]

I really appreciate this video bro! My teacher assigned an essay on "the benefits of having Accounting knowledge" and you literally just gave me several great answers. Thanks again for the amazing quality content mate.

[AmishTV]

You are going to be huge - Love your videos ❤️

[Sriver]

Please make videos on budgeting (personal and business) and forecasting, as well as FIFO and LIFO. Basically, everything involved in accounting would be great lol!
Love your videos! May God bless you for making them. I never understood accounting despite actually liking the process. Now I do with help from your playlist. Thank you! It is much appreciated!

[mountains_and_stars]

It would be cool if you made a video that helps you determine if accounting is a major/career path that is right for you. Essentially how to decide whether to be accountant or not.

[CPACareerPaths]

Great video. My favorite benefit is the second one - budgeting.

[agneswu]

woww amazing video!! I started having an interest on accounting round two months ago, the day I accidentally watched your Equation video!! You made a great effort on making videos, thank you James!!
fan from Taiwan 🇹🇼

[ssathyamoorthy]

Tell about types of accountant and what they

[JoanneSnider-zg]

I never liked accounting until I saw your videos. thanks!

[towtruckn]

I'd have to add another reason to learn accounting. As with all areas of life there are those who use deceptive practices to gain an advantage or defraud other people out of their money. Recently my sister was told she owed rent from a previous year which she blindly paid without question because she had no understanding of accounting or the fundamentals of law. I suggested to her that she should have required a signed statement from the accountant showing all the accruals and adjusting entries for this period that would clearly demonstrate she owed this money so as to hold the accountant or agent liable for a false claim. Being financially literate in this day and age is an absolute must! There is also a saying that "he who slumbers on his rights has none" learning accounting is also an important step in helping to secure your rights. I hope this helps.

[DBoutBillions]

number 3 and i was waiting for reason number 4 to be said to make my decision on learning the basics of accounting thanks as I know learning accounting will benefit me

[naxvisoo]

Thank you for the information, I am a pharmacist and I believe everyone needs to know accounting to improve their daily life.

[askariaziz]

Thanks sir! Please a video about setting up an accounting system for a new business. What type of documents/journals we need how many key staff require and what will be process flow.

[Diyar_Bakir]

Hi, I'm Software Engineer as well as doing web development, thanks for your videos because I need to understanding Accounting to use in in my project, even by using Accounting software you have to know some knowledge of accounting to make process of business smoother. :)