Better than all my masters-level profs, and my textbooks aren't close to as understandable. YOU THE BEST.

@Edspira

8 жыл бұрын

Thank you for the kind words!

I literally have my exam tomorrow and covered a considerable portion of syllabus by just going through your videos. Thank you for sharing. You're the best!

Don’t know why I’m paying so much for someone who teaches this in a way that is impossible to understand. You’re awesome! Thanks so much.

@Edspira

2 жыл бұрын

I appreciate that!

I understood everything within minutes! Saved me hours trying to comprehend my textbooks and online lecturer. I have an exam on Tuesday and you sir, are a life saver!

These videos are such a huge resource for me in my accounting courses! I stared at the same problems for hours and watched your videos on variances twice and was able to get it. You explain it so simply.

@Edspira

2 жыл бұрын

Thank you! I'm glad you're learning and hope you do well on your exams!

I'm sorry but you've managed to make the most complicated lecture I'd ever been through, into the most simple calculation THANKS!

How is this content free?!!! Thank you so much. With love from South Africa!! You inspired me to work on becoming an Accountant.

@Edspira

2 жыл бұрын

I'm so happy to hear that! I hope you have a great career!

Studying for the CMA exam and you really brought this section home for me. thank you

These videos were helpful. Please don't stop making them.

@Edspira

8 жыл бұрын

+tuyet mai Thank you for the kind words! I plan to release some new videos very soon :) Best wishes

I talked to myself. I will learn 1 video at a time, but now I can’t stop watching your video. It’s interesting like watching favorite movies. Thank you so much.

This man just covered my whole Standard Costing Lecture in less than an hour and 30 minutes that we take 2 weeks to study at my varsity and I have never been confident about standard costing as I have ever been since doing it for the past 4 years. Thank you very much Edspira

Man! really thank you for these videos you're making. I'm an MBA student. I watch almost all your fantastic videos & I benefited alooooot of them. I like the rational and logic behind the way you explain concepts. Also, I always recommend your videos to my classmates cuz honestly speaking, for multiple times (if not all the times) your concise explanations are way better than what my respectful professor does in the class. Thank you again.

Thank you so much, none of my text books explain this clearly. This is very clear and easy to follow.

Seriously these videos are saving my CMA exam. Thank you so much!!!

@ameeraasad747

2 жыл бұрын

Also, wish me luck!

@Edspira

2 жыл бұрын

Good luck! I hope you do outstanding!

Amazing video. Incredibly comprehensive. It's shocking to see how superior a KZread video can be compared to college education.

Thank you! I have my CPA exam this week and you just saved me so much time.

@Edspira

3 жыл бұрын

Best of luck!

I wished I found this earlier, was studying for my exam tomorrow and this is by far the best explanation I have ever heard. YOU ARE AMAZING!

@Edspira

7 жыл бұрын

Thank you for the kind words. I hope you did well on your exam!

can't thank you enough the video is great and content specific and to the point!!!

My Dr. prof repeated the textbook made me feel like I am in nowhere. 15' clear me up. I am your big FAN. Thank you.

I wish I would have came across this earlier! I finally understand where I was going wrong. Thanks alot!

Agreed! WAY better than anything I learned in class or from trying to 'teach' myself from the text. Thank you SO much!

Thank you for making this so simple! I have watched videos provided by my college and read textbook explanations but was so confused... until this video. Feel like a pro now! :)

You're the best teacher I've ever heard🙌🏽

Thank you for getting me through accounting. All of your videos are so informative and understandable. I graduate in 2 days and I cant explain over the years in business school how much they've really helped me. Sincerely, thank you.

this is soooooo clear, just get over it in ten minutes...awesome:)

thanks..very straightforward and understanding.

Just an FYI these videos helped immensely for my CPA; MY CPA! Thanks man!

Wow this is explained amazingly well. Thankyou!

Thank you sir! You are a good example of what humanity is.

@Edspira

3 жыл бұрын

Wow, thank you!

Helpful video. Thanks.

solid concepts!!

Nicely presented and explained, and so simple to understand! Thanks for taking the time to produce this video.

THANK YOU FOR THE VIDEOS!!!

Great Job. Thanx alot

Thank you for us .. my instructor prefers us to use formulas and I can’t remember them . I prefer this column way you’ve illustrated

This video is excellent. Thank you for sharing, you have brilliant teaching skills and so easy to understand. This is helping me more than all my course information put together. Thank you!

@Edspira

2 жыл бұрын

Thank you for such kind words!

Thanks this really clarified my instructor's lecture

@Edspira

7 жыл бұрын

Excellent!

Great explination, of a valuable tool. Thanks for your efforts!

@Edspira

6 жыл бұрын

Thanks!

You are absolutely amazing! Thank you so much 😭

Thanks for the clarity

You are amazing! thank you so much! very grateful!

Another terrific video. Thank you!!!!

@Edspira

6 жыл бұрын

Thanks Scott!

THANK YOU

Your videos are so EASY to comprehend! Thank you for using laymans terms and real language. At 9:24 I'm beginning to think of the woodchuck chucking wood! (how much wood would we use if we could, would use wood...)

@alexandraowens667

2 жыл бұрын

I did the same thing! lol

Thank youuu. Very well explained... 😊

you saved my life!

thanks it helps a lot.

YOU ARE AMAZING 🤧🤧🤧 LEARNED A LOT FROM YOU SIR!

Thank you!

Saviour!, great vids

Saving lives, one formula at a time!

great stuff

Thank you very much

You are beyond great, Thank you!

@Edspira

3 жыл бұрын

Wow, thank you!

you are amazing my friend..

@Edspira

8 жыл бұрын

+mulugeta bekele Thank you!

Great sessions... Even college classes were not close to this... Thanks for wonderful work & effort !1

@Edspira

3 жыл бұрын

Glad you like them!

@miafrancis4580

3 жыл бұрын

@@Edspira Keep up the good work !!

you are the best ❤keep going

@Edspira

7 жыл бұрын

Thank you!

Thank you Sir

Hi Sir, if we were to calculate the closing inventory value, what price/unit would we use? Standard or Actual?

Better than my CPA review. Lol. Thank you!!!!

The best👍

you are the best

am from medical background but this make me understand better,thank u

You are a legend

You have explained the Material Variance very well. Thanks alot for Such a useful video. I have a Question. Why Standard Price is used to calculate the Quantity Variance and why actual price is not used? Thanks in advance.

@Edspira

7 жыл бұрын

The actual price is affected by how good the purchasing manager is at getting a good deal from the supplier. Thus, we use the standard price in this case because we solely want to focus on determining how efficient the company was at using direct materials

@shafqatshah242

7 жыл бұрын

thanks alot for your kind reply.

I just paused the video halfway to say THANK YOU!

@Edspira

3 жыл бұрын

Thank you for the kind words my friend!

Why we use (AP-SP)AQ to compute price variance instead of (AP-SP)SQ??

Hello sir, what if the question give us a beginning inventory? With a different price than the purchased materials, How do we determine the AQ and AP? Thank you in advance

have you not made a video on return on assets? i cant find it

Hi, I'm just wondering why it doesnt work when you do AP x SQ in the middle - why does it have to be AQ x SP?

Legend 🙏🏾 thank u

@Edspira

2 жыл бұрын

Happy to help!

Thanks!

@Edspira

2 жыл бұрын

Thank you so much for your support!

thanks you helped me get an A

YOU ARE LITERALLY THE BOMB THOUGHT ID NEVER UNDERSTAND THIS BEFORE MY EXAM IN 3 DAYS LOVE FROM THE UK ;) THANK YOU SOO MUCH

@Edspira

8 жыл бұрын

+Chioma o It was my pleasure. Thank you for the kind words- I'm glad you found the videos useful. I hope you get a great score on your final exam and have a fun-filled summer! Best wishes

Thanks for your videos. I started watching your channel to improve my English and consider that it's very helpful. When I was studying this kind of analysis called chain substitution method. Maybe it's not accurate translation. Let me not agree with this video and ask you a question: why do you make calculations with 950? If company produce tables from year to year and they know how much it takes wood to make 1 table (8 pounds) so why did it was bought so much wood? I assure if firm specializes in wood manufacturing, they should keep some would in the stock for future orders. So if we perform variance analysis, we must analyze current expenses for production for certain period, i.e. how much wood, labor, etc. we spend to 105 tables (875 pounds). Surplus will be used later. If we calculate cash flow we use 950.

@KARIMSLOVERS

4 жыл бұрын

You are absolutely correct! I note this mistake!

you're the fucking man... have a final tomorrow and this really cleared everything up. THANK YOU!!

@Edspira

7 жыл бұрын

Awesome! I hope you aced that exam. Take care and have a great summer!

hmmm my text book does this with 4 columns, we're missing our flexible budget between aqXsp and sqXsp

Can the quantity variance also be identified as the direct material usage variance?

hello can you please drop a link for the sales mix variance im not able to find the video

@Edspira

7 жыл бұрын

Not sure I have produced that video, I'll try to get to it later this summer or fall

This guy is too damn good ,

Where do you lecture?

why do we use standard price instead of actual price in determining direct materials usage variance?

Is quantity variance the same as efficiency variance?

hi would the answer be in negative for price variance if its favourable, thank you in advance to whomever who replies to this comment

the best

@Edspira

6 жыл бұрын

Thanks Kostas!

can we use "adverse" rather than "unfavourable"?

Hello! what is the actual quantity purchased is the same as actual quantity used. does it affect SQ? Wouldnt there be no variance since there is no difference in used and purchased?

@quaqmireful

8 жыл бұрын

+Dianelis Aballe Yes, you are right. Variance, simply put, is the difference between the standard vs. Actuals. So if it is the same, then no variance :)

Would appreciate if you changed the color of the paint next time. Otherwise loved your tutorial.

Nuanced explanation on direct materials variance analysis, includes the case where Actual Quantity (Purchased) != Actual Quantity (Consumed), where the calculation of Total Variance would not make sense.

@KARIMSLOVERS

4 жыл бұрын

You are absolutely correct! I noted this mistake!

👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍

respex homie

These videos are such a huge resource for me in my accounting courses! I stared at the same problems for hours and watched your videos on variances twice and was able to get it. You explain it so simply.

Thank you!