3 Unexpected Benefits Of Learning Accounting

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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

Пікірлер: 183

  • @AccountingStuff
    @AccountingStuff5 жыл бұрын

    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 :)

  • @adrianpendaton6552

    @adrianpendaton6552

    5 жыл бұрын

    Thank you so much 😘 I've learned a lot about your videos. You really explained it clearly 😍😍😍 Love it!😊

  • @404TRUCKERTV
    @404TRUCKERTV3 жыл бұрын

    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.

  • @marium2815
    @marium28155 жыл бұрын

    Legend of accounting

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Haha thanks Maral!

  • @jelenagordijenko9167
    @jelenagordijenko91675 жыл бұрын

    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!

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Jelena, no worries! I enjoying making videos so it's been fun to put the extra effort into each one.

  • @FarewellAphrodite
    @FarewellAphrodite5 жыл бұрын

    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.

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Anna - that's very true, there is a lot to keep up with! Thanks for your comment :)

  • @tuantominh2352
    @tuantominh23524 жыл бұрын

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

  • @ritikathakur7505
    @ritikathakur75054 жыл бұрын

    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.

  • @JoanneSnider-z8g
    @JoanneSnider-z8g2 сағат бұрын

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

  • @youtuber.9624
    @youtuber.96242 жыл бұрын

    Thank you for putting this together.

  • @reubendinkins3650
    @reubendinkins36503 жыл бұрын

    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.

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    No worries, best of luck in your assignment :)

  • @akshitarawat3583
    @akshitarawat35832 жыл бұрын

    Thank you so much, this will help me a lot in future when I grow up! 💓

  • @cryptoholic5120
    @cryptoholic51204 жыл бұрын

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

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    I'm glad you agree!

  • @gideonmendoza2067

    @gideonmendoza2067

    3 жыл бұрын

    @@AccountingStuff me too Hehe. I love your content It really helps me.to study Bussiness and to invest in stock market. Appreciated your Efforts. GODBLESS YOUR SIR

  • @DBoutBillions
    @DBoutBillions2 жыл бұрын

    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

  • @ssathyamoorthy3917
    @ssathyamoorthy39175 жыл бұрын

    Tell about types of accountant and what they do.....

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Great idea, thanks for your comment!

  • @jimpanse1638

    @jimpanse1638

    3 жыл бұрын

    Talk about the film "the accountant" :]

  • @agneswu9612
    @agneswu96123 жыл бұрын

    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 🇹🇼

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Thanks!!

  • @Sriver14
    @Sriver143 жыл бұрын

    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!

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Thanks for your requests! I've covered FIFO and LIFO already in this playlist... kzread.info/head/PL5zKSeS09l31NY9Ecy-eFyrK6UiFzdtAi

  • @CPACareerPaths
    @CPACareerPaths4 жыл бұрын

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

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Thanks!

  • @sunnyqiu7148
    @sunnyqiu71482 жыл бұрын

    Thank you so much! I really like your videos.

  • @harveyjacob66
    @harveyjacob664 жыл бұрын

    Hi James, Thanks a ton for your accounting videos. Can you please do a series of videos in Budgeting and Forecasting at your earliest convenience. It will be a great help. Thanking you in advance.

  • @rayoftxsunshine
    @rayoftxsunshine Жыл бұрын

    Helpful. Thank you.

  • @AccountingStuff

    @AccountingStuff

    Жыл бұрын

    Glad to hear it :)

  • @AmishTV
    @AmishTV5 жыл бұрын

    You are going to be huge - Love your videos ❤️

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey AmishTV, thanks for your support! I just checked out your channel and have been enjoying your daily vlogs! How are you going with the sugar challenge? I am battling with the same problem right now!

  • @AmishTV

    @AmishTV

    5 жыл бұрын

    @@AccountingStuff I am still struggling but got a lot better on consuming a lot less sugar.😀

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    @@AmishTV Good to hear, keep up the good fight!

  • @mountains_and_stars
    @mountains_and_stars3 жыл бұрын

    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.

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Hey Matt, thanks for your suggestion!

  • @harveyjacob66
    @harveyjacob664 жыл бұрын

    Thank you so much James for all the accounting videos, really loved it. Can you please do a series of videos on Annual budgeting and forecasted cash flows. It would be a great help for many. Thanks in advance.

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Hey Harvey, cheers for your suggestions!

  • @askariaziz4163
    @askariaziz41635 жыл бұрын

    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.

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Askari, thanks for your feedback. Yes that's a great idea. I would like to make a set of videos that cover the whole bookkeeping process for a new business starting from scratch but it will take some time to develop.

  • @naxvisoo3705
    @naxvisoo37054 жыл бұрын

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

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    For sure!

  • @jakemears
    @jakemears3 жыл бұрын

    Great video James- really useful. Could you make a video where you look at the different accounting ratios and what they mean?

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Hey Jake! I'm working on a series covering this topic right now :)

  • @mahsabehvandnezhad4286
    @mahsabehvandnezhad42863 ай бұрын

    Wow!!! Thank you sooooooo much

  • @AccountingStuff

    @AccountingStuff

    3 ай бұрын

    You're very welcome :)

  • @LL-lb7ur
    @LL-lb7ur2 жыл бұрын

    Thank you, I did not study accounting university but programming. Your videos are very helpful.

  • @AccountingStuff

    @AccountingStuff

    2 жыл бұрын

    Glad you're finding them useful :)

  • @arenallano4474
    @arenallano4474 Жыл бұрын

    I love your videos you are the best 💪

  • @graciousalicia2532
    @graciousalicia25322 жыл бұрын

    Hi James, thanks for making accounting easier😊😊😊😊

  • @AccountingStuff

    @AccountingStuff

    2 жыл бұрын

    No problem! All the best with your studies :)

  • @zulvazuhairoh682
    @zulvazuhairoh6822 жыл бұрын

    Hi! Thanks for your video. This is very useful for beginners like me

  • @AccountingStuff

    @AccountingStuff

    2 жыл бұрын

    Glad it was helpful!

  • @Ash-xn4ky
    @Ash-xn4ky11 ай бұрын

    I have put off studying anything finance because I felt like it would be too much to understand, and then I found your channel! Sincerely, thank you so much for all that you do. You make things so easy to understand, and you give really great examples. Any question that I can think of, you've already covered it. For the first time in my life, I feel like this is a dream that could come true for me. You are a life changer, and I am beyond grateful for all of your videos!!!! 😍

  • @cavadaliyev1299
    @cavadaliyev12993 жыл бұрын

    I like your videos and I wish you prepare more videos about accounting, especially about qualitative characteristics and accounting concepts

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Thanks Cavad, will do!

  • @CKrums97
    @CKrums974 жыл бұрын

    thank you!

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    You're welcome :)

  • @JamesMasterPeverel
    @JamesMasterPeverel4 жыл бұрын

    Amazing channel :D Thanks a lot ;)

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    You're welcome!

  • @atthepokertable
    @atthepokertable Жыл бұрын

    Hey James, can a make a video on SOCIE i.e. Statement of changes in equity? And it's importance.

  • @Mister_Soyuz_on_YT
    @Mister_Soyuz_on_YT4 жыл бұрын

    Yes, I budget but not as an accountant but as corporate.

  • @ivanleonardo3237
    @ivanleonardo32372 жыл бұрын

    Those who are new to accounting will be helped by this video

  • @nashsand9605
    @nashsand96054 жыл бұрын

    Yeah this video deserves my time and my Megabytes

  • @Lsr000
    @Lsr00011 ай бұрын

    Can you recommend the best online degrees for accounting? That would be helpful.

  • @aldhaaqilla3670
    @aldhaaqilla36705 жыл бұрын

    Good channel's content!!

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Thanks Aldha!

  • @ameliadefiana6095
    @ameliadefiana60952 жыл бұрын

    Thanks sir!

  • @AccountingStuff

    @AccountingStuff

    2 жыл бұрын

    You're welcome :)

  • @deanohara1986
    @deanohara19863 жыл бұрын

    Any recommendations for accounting or finance books? Something that goes into detail on the topics

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Hey Dean, I recommend 'The Accounting Game' for beginners

  • @towtruckn
    @towtruckn3 жыл бұрын

    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.

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Sorry to hear that happened to your sister!

  • @towtruckn

    @towtruckn

    3 жыл бұрын

    @@AccountingStuff Thanks James. The situation with my sister was very frustrating because I could see what was going :( Anyway thanks for the videos I've learned an incredible amount for someone who isn't an accountant. All the best.

  • @Mxrthx.05
    @Mxrthx.054 жыл бұрын

    Can you do a video explaining the differences between private and public accounting. And the pros and cons.

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Hey Martha, thanks for your suggestion!

  • @dinoskydinerlin9453
    @dinoskydinerlin94534 жыл бұрын

    What are practical works of accounting

  • @nizarmmm7388
    @nizarmmm73883 жыл бұрын

    Love your explanation , they're interesting n clear ...why don't you upload a video on partnership accounts

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Cheers for your suggestion!

  • @ganeshgadekar9234
    @ganeshgadekar92342 жыл бұрын

    Please make a video on how to read and understand all three Financial statement and make a decision for e.g to buy a shares companies Current situation..

  • @weseemabdullah2570
    @weseemabdullah25704 жыл бұрын

    Great vid subscribed

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Great to have you on board!

  • @chandimamayadunne6812
    @chandimamayadunne68123 жыл бұрын

    Your video will help me to pass my Cambridege OLevel 2021 please support the 2021 batch

  • @fikrimakarim4540
    @fikrimakarim45404 жыл бұрын

    Very helpful! But can u please make example how to read p/l via data from BS?

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Thanks for your suggestion

  • @brownsupremacist5509
    @brownsupremacist55095 жыл бұрын

    No dislike. No wonder why. This is gold

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Thanks mate!

  • @laurencedaliva9067
    @laurencedaliva90674 жыл бұрын

    The lessons in this video are very helpful for life. Aside from that, the video is professionally made 👍

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Thanks Laurence

  • @tatjanalukic5436
    @tatjanalukic54364 жыл бұрын

    Hi James, I have a suggestion for the video - the explanation of the fixed assets, and how to create depreciation of them. Thanks :)

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Hey Tatjana, here you go → kzread.info/head/PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2

  • @harshitt688
    @harshitt6882 жыл бұрын

    I really love that autumn scene visuals in the video and the thing that I've learnt from this video is amazing already . Thank You Just wanna ask that ,do you live in Canada or UK?

  • @AccountingStuff

    @AccountingStuff

    2 жыл бұрын

    Thanks! I live in Canada :)

  • @margotjohnson7878
    @margotjohnson78783 жыл бұрын

    Please can you cover a section on Branches with inventory mark ups and discounts?

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Thanks for your suggestion!

  • @portiafielies4976
    @portiafielies49764 жыл бұрын

    hi James..can you do a segment on cost management accounting please

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Hey Portia, thanks for your suggestion!

  • @trex4561
    @trex4561 Жыл бұрын

    RESPECT from mongolia sir ...

  • @Diyar_Bakir
    @Diyar_Bakir5 жыл бұрын

    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. :)

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Cheers Diyar, glad to hear that the vids are helping you out!

  • @liliq4177
    @liliq41775 жыл бұрын

    I have became your fan ❤️

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Awesome!

  • @aubreypappoe2509
    @aubreypappoe25095 жыл бұрын

    hi whats up I've got my management and financial accounting exam in like 2 weeks, can you do a video going over some past papers and walking through them with answers, please. like a 10-20 min long vid pls. thanks

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Aubrey, I would like to do that kind of stuff but I've had a hard time sourcing past papers. Honestly I think it it's unlikely that I could put together those videos within two weeks as these take me a long time to make. If you've got any specific questions, I can do my best to help. Best of luck for your exams!

  • @muhtasimahmed6666
    @muhtasimahmed66664 жыл бұрын

    How learning Accounting can teach us financial literacy because I have been learning Accounting since I was preparing for my o levels but I don't know how to use those principles into real life application and as a result I only save money and track my expenses, so it would be very helpful if you can show how to use Accounting principles in our day to day life.

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    I'd like to cover this at some point

  • @patelanas1612
    @patelanas16124 жыл бұрын

    Please give me the information after 12th in commerce

  • @claudettebelisle8837
    @claudettebelisle88373 жыл бұрын

    James can you please help me out in showing off the linkage of Credit sales and Sales returns

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Hey Claudette, thanks for your request!

  • @mahdichaal8756
    @mahdichaal87564 жыл бұрын

    i miss you bro , great video.

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Thanks Mahdi! I've been working on a new video which should come out on Monday

  • @giannaabao9565
    @giannaabao95653 жыл бұрын

    I don't know if you'll notice this comment, but I'm wondering if you have a playlist for managerial accounting too for small business owners. It would also be nice to learn about what which part of accounting should business owners learn, especially those who plan to start their own startup. Accounting's pretty broad so I'm finding it hard which concepts I should be focusing on exactly.

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Hey Gianna, my only management accounting video so far is this one → kzread.info/dash/bejne/o32Hzduomaquk6w.html

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    As a small business owner, it's key to nail down Financial Accounting first and then work on Managerial Accounting afterwards

  • @giannaabao9565

    @giannaabao9565

    3 жыл бұрын

    @@AccountingStuff Thanks for your response! Studied the basics of financial accounting from your videos already. I already watched the one you recommended. Hoping you'd make more managerial accounting videos.

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    ​@@giannaabao9565 No worries, I'll look into it!

  • @gangstaberry2496
    @gangstaberry2496 Жыл бұрын

    We try to budget for every month and year

  • @fransiscasisca4411
    @fransiscasisca44115 жыл бұрын

    Hi James, thanks for the great video. I'm interested in stock investment and after reading some books I feel the need to learn about analyzing financial statement to help make decision- just like you said in this video. But I'm a bit confused as to what step should I take first. Perhaps you can give me some advice? Do you think I should take a 3 month course of Basic Accounting Application first before taking 2-day workshop on financial statement analysis? As a non-accountant, I'm actually afraid if I directly take the 2-day workshop on analyzing without knowing the basic application I will not understandit . Hope you can help, thank you!

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Fransisca, no worries. Good call, being able to analyse financial statements will probably help you out tremendously in making investing decisions. Hmm... That's a tough one. I think you would probably get a whole lot more out of the 2-day workshop if you have already built a base-knowledge of accounting. How you get that is up to you. Personally I am a fan of self-education so if there was a way that you could teach yourself and save the $$$ then may you could consider that? Perhaps you could contact the people running the workshop and find out what the assumed-knowledge is for the course?

  • @fransiscasisca4411

    @fransiscasisca4411

    5 жыл бұрын

    Accounting Stuff Hello James, I have contacted them and have decided to take the 2 day workshop, will keep watching your videos, and thanks so much for your time in answering my question 😊😊

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Ok great! I hope you get lot's of value from the workshop

  • @fransiscasisca4411

    @fransiscasisca4411

    5 жыл бұрын

    Accounting Stuff thanks!

  • @HOMEFOODMANIACS
    @HOMEFOODMANIACS5 жыл бұрын

    Sir,we want a video on trading,p&l and balance sheet

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Yes I will do those for sure!

  • @chandimamayadunne6812
    @chandimamayadunne68123 жыл бұрын

    Is accounting hard in may/June 2021

  • @Monopolist91
    @Monopolist913 жыл бұрын

    Accounting is the language of business.

  • @Nemhyz
    @Nemhyz5 ай бұрын

    Do you have any videos on creating a personal budget? Like formatting/how to get it off the ground

  • @AccountingStuff

    @AccountingStuff

    5 ай бұрын

    I don't at the moment

  • @Nemhyz

    @Nemhyz

    5 ай бұрын

    @@AccountingStuff would love to see that, as well as bank reconciliation errors

  • @AccountingStuff

    @AccountingStuff

    5 ай бұрын

    Thanks for your requests!@@Nemhyz

  • @shabroopsingh9625
    @shabroopsingh96253 жыл бұрын

    How to make budget for family or home? Make a video

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Thanks for your request!

  • @ProMagnetX123
    @ProMagnetX123 Жыл бұрын

    is studying financial accounting useful for a small business owner or someone who just started a business?

  • @harshitt688
    @harshitt6882 жыл бұрын

    Is that Canada at the intro of this video? 👀

  • @technoharsh4486
    @technoharsh44862 жыл бұрын

    1. 2.budgeting 3.

  • @abrarrownak2545
    @abrarrownak25459 ай бұрын

    Hello sir, can you make a playlist on Managerial Accounting? Pleaseeeeeeeeee

  • @AccountingStuff

    @AccountingStuff

    9 ай бұрын

    Thanks for your request!

  • @deenadayalan7838
    @deenadayalan78383 жыл бұрын

    sir please teaching introduction of accounting

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Thanks for your suggestion!

  • @Moe_rezaei
    @Moe_rezaei4 жыл бұрын

    so cool! just found we are from the same city. are you down for a meeting ;)

  • @sudhirachhetri9962
    @sudhirachhetri99624 жыл бұрын

    Why,it is important to learn computer?

  • @InDaName
    @InDaName2 жыл бұрын

    E=MC^2 or A=L+E

  • @oops3936
    @oops39365 жыл бұрын

    I was expecting magic with every hand movement

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Haha, there's no chance of that! I know zero magic

  • @oops3936

    @oops3936

    5 жыл бұрын

    😂You’re a charmer

  • @rebeccak-d8561
    @rebeccak-d85613 жыл бұрын

    Yes, I budget. Budgeting is us telling our money where to go

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    Glad to hear it!

  • @claudiabeltran233
    @claudiabeltran2335 жыл бұрын

    what is the true blood criterion?

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Claudia, I can't say that I've ever heard of the true blood criterion before... however after some googling... it seems as though the trueblood committee came up with some of the key objectives that were adopted by the FASB (Financial Accounting Standards Board) in creating US GAAP (Generally Accepted Accounting Principles). They answered questions like... what the main purpose of Financial Statements is. Does that help at all?

  • @claudiabeltran233

    @claudiabeltran233

    5 жыл бұрын

    @@AccountingStuff thank you James !

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    @@claudiabeltran233 No worries

  • @athulk8873
    @athulk88735 жыл бұрын

    Admission,death and dissolution is the most toughest topics....can u help us in that

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Agreed, those are tough areas. Are you referring to partnerships?

  • @athulk8873

    @athulk8873

    5 жыл бұрын

    Yep, it's lengthy

  • @kimpoirier
    @kimpoirier5 жыл бұрын

    How to do a bank reconciliation

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Kimberly! Thanks for your suggestion, a few people have asked for bank recs so I will make a video on that soon

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Kimberley, here you go... kzread.info/dash/bejne/rJyhsZV9fZa_mbw.html

  • @liliyensiadari8897
    @liliyensiadari88975 жыл бұрын

    I'm sorry but why the video only can be played to 00:21 ? I need your video 😢😢😢

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Liliyen, that's odd... It works fine on my pc

  • @liliyensiadari8897

    @liliyensiadari8897

    5 жыл бұрын

    @@AccountingStuff maybe, can you help me with other way to watch this video?? Like send from gmail or gdrive? If you dont mind 🙏🙏

  • @littlepakers6335
    @littlepakers63354 жыл бұрын

    Hey bro i want to be financially free how can I get a capital to buy asset that get me passive incomes?Can we get a steps.Thank you bro

  • @abdallahbonne
    @abdallahbonne3 жыл бұрын

    i’m looking for a laptop for university. i will be studying accounting and finance. can anyone recommend me laptops under 1000£. i want it to be fast and be able to run accounting software easily and preferably with a num pad

  • @henry-wo9mr
    @henry-wo9mr4 жыл бұрын

    I budget

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Nice one 👍

  • @kevinmercado2911
    @kevinmercado29112 жыл бұрын

    make a podcast

  • @Frozan
    @Frozan4 жыл бұрын

    Are you graduated from accountant? If so which country By the way, you're a legend 😊

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    I'm a Chartered Accountant from the UK

  • @gospels.k1389
    @gospels.k13894 жыл бұрын

    I'm really in accounting work. What is the best trick to make a balance sheet very quickly.

  • @AccountingStuff

    @AccountingStuff

    4 жыл бұрын

    Have you watched my Balance Sheet video? I explain how to make one in that -> kzread.info/dash/bejne/i46tpLWOZrzKnbA.html

  • @coreyatkins1992
    @coreyatkins19923 жыл бұрын

    I plan, budget and invest. I must be an accountant lol

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    That's great to hear!

  • @sean3342
    @sean33423 жыл бұрын

    Hi Paul walker I mean James

  • @AccountingStuff

    @AccountingStuff

    3 жыл бұрын

    RIP :(

  • @shabroopsingh9625
    @shabroopsingh96253 жыл бұрын

    How accounting is linked to real estate? Make a video

  • @mindcache5650
    @mindcache5650 Жыл бұрын

    Everything you said is correct. But there is now a time when every person will be able to just speak into a computer with AI software and it’ll churn out a 3 part financial statement in real time, financial modelling, forecasting scenarios. Sensitivity analyses and forward valuations whilst you are sipping a coffee and sitting back . Instead of being chained to your desk, in a cubicle , being harassed by a narcissist partner .

  • @parthapratimsaikia4725
    @parthapratimsaikia47255 жыл бұрын

    use humorous click bait titles like PewDiePie

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    That's a good idea, I could definitely be more adventurous with the titles.

  • @jhart1127

    @jhart1127

    5 жыл бұрын

    For sure. I'm training with CIMA and I love your content. Stick some ads on and do some click-baity vids. I'll watch it either way and you may aswell earn some dollar!

  • @AccountingStuff

    @AccountingStuff

    5 жыл бұрын

    Hey Jessica, sorry it's taken me so long to reply! I don't always get notified about the comments within comments. Thanks for the tips and support! Best of luck with your CIMA!