I learned more in 10 minutes than my professor explaining in the last 4 weeks

@chibysan8504

3 жыл бұрын

Sameeee HHAAHHAHAHAHA

@tabindakazmi2040

2 жыл бұрын

Same!

Great presentation, so much better than my professor who apparently has 20 years of accounting experience.

@heroman1322

7 жыл бұрын

Same experience here. My old accounting professor with 35 years of experience, with his mumbled presentations, has not matched the clarity of Andrew in the video.

@Austin-wh4yi

5 жыл бұрын

Being an accountant and being a teacher are two different things. He can be a great accountant, and a terrible teacher/presenter.

@DarkSCtv

3 жыл бұрын

same.

this is the first time im hearing someone pronounce FIFO and LIFO like that

@joanl.7543

4 жыл бұрын

First hearing him, I thought I had been wrong all along. But maybe most people say LIE-fo and FIE-fo.

@taniamariaalexander6297

3 жыл бұрын

That's so weird, cuz I've heard a lot of people pronounce it like him. I do to!😂😂

My accounting professor kept getting mixed up between them, he wasn't even sure he got it right at the end of the lesson. Thank you for clearing it up

You literally made me pass my accounting final. Thank you!

THIS HELPED SO MUCH!!!!! I'm from LSU and my accounting teacher doesn't help us at all on this stuff so THANK YOU!!!

@kingofthecosmos3253

4 жыл бұрын

You must have had Jan Holmes RIP

@johnklee3843

3 жыл бұрын

Well.... you went to LSU..

Two hours my professor spent trying to explain this one topic and most of the class was visibly confused very badly, You made it very easy to understand in under 10min please be our teacher :(

Wow! I have struggled trying to calculate FIFO and LIFO but you talk to me like I'm 6 in a language I can understand thank you!!!!

Very easy to understand, thanks.

Your videos are simply clear and easy to understand. you are an amazing teacher. Thank you .

Wow, thank! I had to watch it about 3x to fully understand but i think im goos now. Great presentation and your example really helped too!

This is where I should have started. I used to like class formats where you do the HW before the lecture, but I take that back 1000%.

Thanks for the simple explanation. This video was extremely helpful.

Accounting classes have a way of making this simple concept seem really complex. Thank God KZread exists, I’d be screwed with out it

Best video I could find on the subject. Make more please. Maybe a few more seconds of intro. Don't worry about the pronunciation. H8rs can suck it.

you really simplified this concept my friend . thanks a lot.

Thanks for this. You helped me understand LIFO & FIFO much better

Thanks man now I'm gonna pass on my exam 3 hours from now thanks to your 4 year old video xD

You don't understand, this was PERFECT, can you just teach my accounting 1 and 2 please looool :D

this is by far the best explanation video on the topic I have seen

"Leaf-o and Feaf-o"

@xubabyvox

4 жыл бұрын

:D

@rbnaguila

3 жыл бұрын

Lol, when he said that I started questioning myself

Great explanation!!! Please do more videos!

Such a great, simple explanation; thank you!

Thankyou!You make it sound so easy

studying with the time I have left, this is really helpful thank you.

VERY helpful, thank you SO much, Andrew

Damn, Pretty Good! Helped me a lot for Accounting test.

Idek what to say bro, you made this seem so easy for me!!!!! Thank you!!!!!

You are amazing!!!!!! I never thought I would learn this......I got it....

Thanks for explaining what my professor couldn't!

Excellent presentation! Very helpful!

Thank you for this video! It helped me a lot!

In this video I explain FIFO, LIFO and average cost methods to value the stocks stored by a company, to estimate the cost of goods sold and to determine the commercial result (profit or loss) of the firm: kzread.info/dash/bejne/n4OBk66qodzKn9Y.html.

Really?It's that easy? My professor spend 2 hours in class trying to explain it and we did not understand it.

your example is way to easy for understanding, thank you.

Thanks boss for your crystal clear explanation! Cheers!

Thank you for your professional and easy to understand presentation. LIFO and FIFO are .difficult to understand in my college accounting class.

Thank god I found this video. I was so confused

Thank you so much for this video!!

Really good presentation, thank you!

Great & Simple Explanation

Explained simply. Good job.

I have a midterm in 4 hours and this is a great refresher. Thanks!

@Samiolla

4 жыл бұрын

Rich Kelleher I hope you did well in your exam honey

thanks, was very helpful!

Thanks for your help.

this was great, very good explanation and great job of providing some context.

thank u for your explaination on fifo and lifo

what an easy way to understand that xD Thank you!!!

Well thank u it is too bad that u don't speak on arabic coz u are better than my teacher hahaha i understand it here btw i study in arabic language and u are the best teacher ever so thnx again

Great! Very simple

Perfect 👌. Thank you 🙏

Very well explained. I hope I ace my quiz in a few hours : )

Thank you! You rock!!

Thanks more cleared now nice presentation

That was helpful thanks.

Hell yeah man thank you!

Great video. Thanks

Was having trouble understanding this in financial account class..... not any more.Thanks :)

Great explanation!

learned more in 10 minutes than i have trying to teach myself over the last 3 days

You're a lifesaver thank you so much

@Samiolla

4 жыл бұрын

Micko Lagundino He saved me and my ass as well

I literally love you so much. Thank you, thank you, thank you!!

@CapterraTV

3 жыл бұрын

Happy to help!

Outstanding. I agree, so much better than my professor who is retiring with over 20 years of accounting experience.

From an accounting standpoint, LIFO is the way to go. From an actual raw goods standpoint, LIFO can have you end up scrapping material or goods because they've been in inventory too long to be used. If you care about the quality of your product, FIFO should always be the alternative.

Thanks for clarifying it to me, I was here struggling to understand it.

Thank you thank you

Thank you sir

LIFO doesn't seem counterintuitive. It is counterintuitive! Lol Thanks for the video

Why don't we have this kind of teachers

This was a very professional and potent delivery of high-quality information. Well done my good sir.

☠️OA class was here period poo🥢🧃🧃

I love you haha this has helped so much

thank u sir

ok where I am getting confused is how you coming up with the number for sold. I still need help. You make since but I still am getting lost somewhere

The best..where can I find more of these with the same guy plz?

Wonderful video! At 6:13 you circled $80 when you meant to circle $20

it looks good and easy

teriffic video! good stuff.

tks!!!!

good one

That part you explained ...that companies will have 5 dollars worth of inventory in the books while the actual worth is 200 ......that is the most important part...

I carry the same tune that dominates much of the comment section. Your explanation was superior to that of my useless professor.

ur awesome

Great video 👍🏿

@CapterraTV

6 жыл бұрын

Thank you!

Where can I go to watch the weighted-average method?

f###king helped me a lot bro! I own u one

Coming to the main point, you said we can have $5 sitting on our books along with LIFO together with 100 ping pong balls and if the plastic price goes up to $2, not 0,05 as before = our books will look better. Is that right sir?

Thank you but i didnt understand the part where you sell 200 @ $0.50? from where this 0.50 came from ?

@RehanAli-ld2bb

7 жыл бұрын

spouse they sell 200 unit for $0.50 for making brofit .......then 200*0.50=100 and without profit acording FIFO he receive $20 and after profit he receive 100$ then minus your purchase 20$....now he have 80$ profit

8::34 LIFO is MORE hoops to jump through if you are using LIFO accounting method and it's the international standard ? Did you mean to say that?

@AlexM-sf4dm

4 жыл бұрын

Yea he twisted his words

Wow

Hey yo, why does the price of the plastic keep increasing relatively, can somebody explain that?

doesn't $0.05 mean 5 cents not 5 dollars? Or is is different in accounting

hold up where does he get the 80$ and 65$ from?

In the world of banking system, where money is created out of thin air (thanks to central banks and also commercial banks with fractional reserves) which creates inflation, it would be normal to use LIFO in order to capture REAL profit (not nominal), therefore using the latest price. But I guess governments are not interested whether companies are in REALity profitable, they just want out money. The higher nominal profit, the higher collected taxes.

Really good presentation, but you should turn down the intro its to loud compared to your voice

people here talking about passing accounting courses. im just here struggling with the tax man

CAN ANYONE TELL ME HOW TF DOES 30 PLUS 30 UNITS EQUAL 40??

Never heard it as and FEEFO LEAFO

I have some examples that I can't solve them

nice now imma fifo my dog