Financial Accounting in simple English, All Accounting topics covered.
Financial Accounting Full course
Goal for this video: 1 Like and 1 Subscribe from you. Please can you help me in this goal?
What Next? : Watch the Capital Budgeting Techniques video from my channel and you will benefit immensely. Here is the link: • Capital Budgeting Tech...
Link to download all pmtycoon files: forms.gle/fe1VqMmFJ37XjhB99
Follow me Links:
=====================================================
Follow me on Twitter: / pm_tycoon
Follow me on Instagram: / pmtycoon
Subscribe to my KZread channel: tinyurl.com/pmtycoon-subscribe
=====================================================
For any advertisement or Sponsored video on this channel, contact : pmtycoon.channel@gmail.com
=====================================================
Disclaimer: Some contents are used for educational purposes under fair use.
Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for "Fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
=====================================================
Chapters of this Video:
0:00 - Financial Management Overview
4:18 - Accounting Basics, what is Accounting and why accounting is needed
7:12 - Transaction explained in Accounting
9:42 - What are different Accounting Standards, Periods and Boards and how these relate to each other
16:44 - All about Assets (Accounts Receivables, Current, Long, Tangible and In-tangible)
28:48 - All about Liabilities and different types of Liabilities (Current, Accrued, Contingent) with Examples.
34:10 - Important topic to consider watching - Capital, Equity, Income, Expense and the Process to derive Net Income from Revenue & cost Explained
01:01:05 - Crucial part (Accounting process end to end - right from Journal entries to generating financial statements)
01:35:25 - Financial Statements (Income Statement, Balance Sheet and statement of cash flow)
01:46:57 - What all was covered in the video
=====================================================
Keywords for the video:
Basics of accounting,
Elements of accounting,
Accounting Process,
Transactions,
Credit entry,
Debit entry,
Double entry system,
Journal entry,
P&L account,
Balance sheet,
Cash flow statement,
Assets,
liabilities,
Capital,
equity,
Cash equivalents,
Accounts receivables,
Inventory,
PP&E,
Raw materials,
Semi-finished goods,
Fully finished goods,
prepaid expenses,
Deferred income taxes,
short term assets,
current assets,
Tangible assets,
Intellectual property,
copy rights,
Expenses (Costs)
Sales revenue
Other income
Depreciation,
Amortization,
Interest paid,
Taxes,
Gross profit,
EBITDA,
EBIT,
Net Income,
PAT,
Profit after tax,
Profit before tax,
Accounting equation,
Assets is equal to liabilities and Equity,
Пікірлер: 325
Finance Accounting was really something new to me 2 hours ago!! but not anymore!!! 💯 Thanks for such a brief explanation with good examples. This person really knows the answer to very known question : "How would you make this understand to a 5 year old?"😂
@pmtycoon
7 ай бұрын
Thanks for the kind words 🙏
P, I have seen your 30 minutes teaching on time value of money and was blown away how you simplified it and made it so easy to grasp it quick. Now, miraculously you put this concise summary on financial accounting which I really really needed to brush on my aging knowledge on accounting. I was even considering going back to school to do this but your video is more than sufficient for my current need. Thank you brother!
@pmtycoon
2 жыл бұрын
Thanks Justice, you made my day with the wonderful comment 🙏💓
This was a very thorough video. I have always struggled with accounting but couldn't seem to stay away from Accounting Jobs. Just landed a Controller position and needed a refresher on the basics. This will be on repeat for me as I step into a new challenge in my career. May GOD bless you for putting together this course and may ALL of those who find this video ALL grow in knowledge and in whatever aspect of their journey in Accounting. GOD BLESS
@pmtycoon
7 ай бұрын
Amen
You are a talented teacher! Clear, comprehensive, structured view and you clearly understand what's relevant and what's not. Thank you!
myself coming from completely professional background, but gaining all the necessary finance terms with this 1 hours 47 minutes. Thank you very much
@pmtycoon
Жыл бұрын
Thank you for the feedback. Appreciate it much 😊
you simplified the entire series in to one episode delivering every aspect of financial accounting. Thank you
@pmtycoon
Жыл бұрын
Thanks Partha for the nice words, appreciate it.
Oh my goodness. Your channel has all things that I was searching for almost 2 years and now here we are. Finally found a channel which really deserve Subscribers
@pmtycoon
Жыл бұрын
🙏 thanks 🙏
@gillyk3466
2 ай бұрын
Same
Bro you have to receive an award for summarization this accurate ❤
@pmtycoon
Жыл бұрын
Thanks Luqman
Thank you for taking 3 months of knowledge and compacting it into 1hour 48mins of enjoyable and easy to understand learning. Thank you for helping me to achieve my goal of understanding the Principles of Accounting.
@pmtycoon
Жыл бұрын
Thank you Troy for the nice words
Very helpful! Thank you so much!
It’s a very effective learning material for me to revision for accounting as accounting needs practice for you to not fade out the format but thanks to this video 👍🏼 hope sir can continue with the other two topics of accounting control 🙏🏼
@pmtycoon
Жыл бұрын
Thank you Yuki. Will do the same. Just keep suggesting what's needed
Amazing explaination.... And easy to understand... You deserve award Sir!
Pmtycoon Recommended Courses: tinyurl.com/pmtycoon-advised-courses Pmtycoon’ s Google Drive: tinyurl.com/pmtycoon-Google-Drive Follow me on Twitter: twitter.com/pm_Tycoon Subscribe to my KZread channel: tinyurl.com/pmtycoon-subscribe Follow me on Instagram: instagram.com/pmtycoon/
@naveedjavid9546
Жыл бұрын
One of the best video that i find on KZread in my whole life ❤️❤️
@pmtycoon
Жыл бұрын
That's a great feedback. Thanks for the kind words. 🙏👍
I wish he was my school teacher. I am sure you made the best video on accounting on whole KZread. By the way your new subscriber . Thank-you so much sir for making this video it helped me in my half yearly exam.
@pmtycoon
Жыл бұрын
That's a sweet comment , thank you
Excellent - Thank you for the post
I can't explain how much this video meant for me 😭❣️this is just so special for me. God sent this video to me😍. Actually I've done science in the +2 and I'm currently studying bachelor of business studies(commerce). It's quite difficult to understand financial language because I've not done +2 in management so, I was so worried how I'm gonna understand everything 😭😭 I was afraid to ask to the teacher also about the minor problems. This video clear my all doubts☺️☺️. Thank you thank you thank you so much sir 🌺. You don't know sir how special this video is for me😍. You've done so well, really appreciate your work 😍. You'll get more appreciation in the future ☺️🌺. Keeps going sir ☺️💕 . Thank you so much ❣️. God bless you sir 😇😌
@pmtycoon
Жыл бұрын
I can feel the pain you been through and relief you got. Hope this video gets shared and circulated all around so students don't have to suffer with basics and advanced concepts. I'm happy for you. May be I made this video for people like you.
@hakenkreuz7525
Жыл бұрын
I've already shared this video to the friends like me 🙂. I really appreciate how you easily explain the complicated words by saying it's just nothing. I mean if the teacher says it's difficult we'll really feel difficult and if the teacher person says it's simple it's really become simple, it'll not leave fear like it's so difficult. It's the plus point in your videos 😊. Specially, Speaking so easily and slowly so the viewers can understand ☺️. Hope to see more videos in the upcoming days☺️🌺.
@pmtycoon
Жыл бұрын
You bet! :) more on the way
@sameer4167
Жыл бұрын
I am also troubling with same problem can uhh help me out? 😢
@pmtycoon
Жыл бұрын
Which problem? You need to watch it and make notes.. to clear the concepts. Once concepts are clear, nothing is tough
Great video. Everything is summarized in a way that is easy to understand. Thank you very much. You are awesome!
@pmtycoon
Жыл бұрын
Thanks Oshan
Done watching this! It took me days to finish this, yet it is worth it. Thank you Sir for your effort. This is indeed helpful.
@pmtycoon
Жыл бұрын
I'm happy to see that you finished it. And thanks for the feedback
Real value here! Thank you man!
@pmtycoon
2 жыл бұрын
Thank you Dragan
You are very talented at teaching! Thank you for such a comprehensive view of the topic
It's very very helpful to me, I'm currently a Bcom Honours 1 sem student and due to the pandemic my basics were messed up and I passed the exams with only theories alone and Zero knowledge of practical stuff, thank you very much.
@pmtycoon
Жыл бұрын
Glad it was helpful 😊
man... this is just stunning... now I'm only at around 42nd minute but these are some crazy information defined in a neat way.
@pmtycoon
Жыл бұрын
Thanks for the feedback. Yes this video has a lot covered in structural order. Glad you pointed out that. Very few did it. guess most dint watch completely
love your videos. please dont stop posting videos.
All your hardwork is definatly seen in this brilliant video. I have liked and subscribed it and I wish you have loads of subscribers. I have made notes also of some important points. Though I am studying accounting from past few months this has worked as a booster and has cleared many doubts which I always had. Cant thank you enough. Please continue making such videos! Very best of Luck!!
@pmtycoon
Жыл бұрын
Thanks Sana for taking time out and leaving nice comments. Appreciate it much. Will continue to do more videos
No words to express ..I must say you r award winning teacher.. Carry on!
@pmtycoon
Жыл бұрын
Thanks 🙏 Anjum
Honestly, one of the most amazing and on point lectures. Your legend
@pmtycoon
Жыл бұрын
Wow, thank you!
Really appreciate the video ❤ I gained valuable knowledge thank you so much ❤😊
Thank you very much 💖😊 sir...
Top Tier Overview, thank you!
Amazing content. All who want to learn accounting and keep it as a reference, this is gold. Mnemonic/trick to remember Debit Credit in accounts:: 1:12:37 3 lines to remember.
THIS VIDEO IS THE BEST I HAVE FOUND ON THE INTERNET !!! THE LOGICAL SEQUENTIALITY OF IT SHOULD BE USED IN ALL...I MEAN ALL SCHOOLS WHERE THIS SUBJECT IS TAUGHT AND WHERE EVER PEOPLE HAVE INTEREST IN LEARNING THIS MATERIAL. I AM RECOMMENDING THIS TO ALL MY FRIENDS, CONTACTS AND READERS. THANK YOU SO MUCH FOR MAKING THIS FANTASTICLY COMPREHENSIVE BEGINNERS WORK-VIDEO, IT IS ABSOLUTELY PERFECT !!!
@pmtycoon
6 ай бұрын
Thank you Jonn for the comments, appreciate it 😊
Simply superb, Thanks very much to make this video for other to learn related to accounts, non-accounting back ground persons also easy to understand,
@pmtycoon
Жыл бұрын
Thank you 💞
Thanks for recall accounting... awaiting for ur upcoming videos .. ty for ur 3month hard work sir...😊👍👍
@pmtycoon
2 жыл бұрын
Thanks Prashanth
Awesome content. Very well taught and elaborated the concepts. Being a science student, it was really difficult for me to understand the topics for my MBA exam. Thanks a lot.
@pmtycoon
Жыл бұрын
You are welcome Nidhi
Really this video is gold mine for us..... thank you very much for your efforts
@pmtycoon
Жыл бұрын
Glad to see this note coming from a Professor
This is amazing. I must say you are one of the finest teachers in the world. The way you simplified everything omg❤ Thankyou Thankyou so much I have subscribed your channel. Plz make more such video the one-stop solution for all the major parts of finance. Lots of 💕
@pmtycoon
2 жыл бұрын
Wow. This is so wonderful to see. Thanks a ton for your kind words 😊 and subscription
I learned so many things from your video sir. Thanks a lot for making this video. This is a great head start for someone who wants to do well in financial accounting. Thanks again..!! :D
@pmtycoon
Жыл бұрын
Great. Keep it up.👍
A LIFE SAVIOUR 👌....Thank u so much for the teaching🙏🙏 ... ur the best🙌🙌🙌
@pmtycoon
Жыл бұрын
Thank you Jennifer
It was really an amazing video.. i was trying to recall all the concepts of accounting.. n this video really helped me alot.. thank you so much for your efforts..
@pmtycoon
Жыл бұрын
Thank you Prashant 😊 pls subscribe for more videos
Thank you so much for making Financial Accounting understandable. Keep up the good work. Stay blessed
@pmtycoon
Жыл бұрын
My pleasure
Very helpful video. First video I seen without skip even 10 second. Please make more videos. Really it's helpful to more people .
@pmtycoon
Жыл бұрын
Thank you. Students like you make me happy :)
Best video ever seen. Thank you ❤️
@pmtycoon
Жыл бұрын
Thank you
thankyou so much sir .....this video makes my concepts soo clear , and i have even completed my mba's accounting subject with this single video lots of tones thanks...
@pmtycoon
Жыл бұрын
Great news. Well done
This is the best explanation about Accounting in my experience. I studied accounting and never get trained. ❤
@pmtycoon
Ай бұрын
Glad it was helpful!
Amazing, very organized and simply explained! Great job!
@pmtycoon
Ай бұрын
Thank you 😊
It is better than the others videos you explained it so well thank you😁
@pmtycoon
Жыл бұрын
Glad you like it
Thank you! I appreciate you! 🎉
@pmtycoon
9 ай бұрын
You are so welcome
Wow,very simple ,to the point yet informative.Indeed Accounting made easy.Thank you .
@pmtycoon
Жыл бұрын
Thanks Prince
Such an amazing and easy way to teach. You are legend. Salute Sir ❤️❤️
@pmtycoon
7 ай бұрын
Thank you 🙏😊
ure a real one
Wow, I really appreciate you making this video~ You did a fantastic job in putting everything together. It really puts everything in accounting into perspective. Thank you!
@pmtycoon
9 ай бұрын
Thanks 🙏
Great job sir for all of us , as these 1.47 mints ,are the REAL investment for us , 100 likes from me 👍👍👍
@pmtycoon
Жыл бұрын
Thanks 🙏
Im greatful, this will forge good students of accounting, you deserve more
@pmtycoon
Жыл бұрын
Thanks 🙏
Thank you!
@pmtycoon
2 жыл бұрын
Welcome
This video is also an asset for me thank you ❤️
@pmtycoon
Жыл бұрын
Glad to hear it's helpful. Thank you
Subscribed! Thank you for your videos. Very helpful! :)
@pmtycoon
Жыл бұрын
Thank you for the subscription
cool, great job! I call this presentation as anatomy of accounting. It's really simplified❤
@pmtycoon
7 ай бұрын
Thanks 🙏
You're a genius!! thank you so much! 😍😍😍😍😍😍
@pmtycoon
Жыл бұрын
Thank you Alejandra 😊
thank you so much Great video
@pmtycoon
Жыл бұрын
You are welcome Irfan
Thank you. Ive been able to refresh my memory on accounting.
@pmtycoon
7 ай бұрын
Happy to know it was helpful
Brilliantly taught and keep on making such videos, sir!
@pmtycoon
Жыл бұрын
Thank you. Will do
Masterpiece.. you made it very easy...thanks
@pmtycoon
Жыл бұрын
Thanks Nikesh
Your Explanations are mind blowing
@pmtycoon
Жыл бұрын
Thank you 💖😊
Thank you so much!
@pmtycoon
5 ай бұрын
You are welcome
Great content!
@pmtycoon
2 жыл бұрын
Thanks Tyler for taking time out and commenting. Appreciate it much, was waiting to hear some initial feedback from viewers :)
Thanks
hats off for you man
@pmtycoon
23 күн бұрын
Thank you 🙏
Thank you for sharing this matters its abig help
@pmtycoon
Жыл бұрын
You are welcome and pls us reference documents too. Thanks for the feedback. Would appreciate if others can give feedback too
Ur teaching method is excellent!!! I will give u 101 out of 100👍🏻😊
@pmtycoon
Жыл бұрын
😆 lol thanks
Dude.. you're awesome keep up the good work really appreciated!
@pmtycoon
Жыл бұрын
Thank you Aiman for nice words.
Thanks a for this simple and powerful presentation of Financial Accounting.
@pmtycoon
3 ай бұрын
Our pleasure!
You are damn good at this bro...👍 Just keep doing the good
@pmtycoon
Жыл бұрын
Thank you Gaurav
Thanks a lot sir for this video lots of things I have learned once again thank a lot sir
@pmtycoon
Жыл бұрын
You are very welcome. Happy learning. All the best
Great teacher!!! 🔥🔥🔥
@pmtycoon
Жыл бұрын
Thank you Troy
that ' sososososo good, thank you!
@pmtycoon
9 ай бұрын
Our pleasure!
Great job sir ❤ this video helped me to understand every concept and keep on making videos like this it very useful for students like me and I am requesting you to make a new video r upload a video atleast one in a week r 2 videos in a month 😊 sir u have superb teaching skill
@pmtycoon
Жыл бұрын
Thank you Sandeep. Will try and do it.
Thank you. You make me released a lot.
@pmtycoon
9 ай бұрын
Glad I could help!
Liked and subscribed.. you deserve huge subscriber ... great explanation
@pmtycoon
Жыл бұрын
Thanks for subscribing. And kind words
Hi sir I am very beginner , I understand obviously . Thank you . keep making videos 👍
@pmtycoon
Жыл бұрын
Glad it was helpful
thank you so much !
@pmtycoon
Жыл бұрын
You are welcome
I love the way you did justice to the subject. Nice1 👍. Pls can you do a video of financial analysis for a project assessment for a short term project
@pmtycoon
7 ай бұрын
Thanks 🙏
Thank you so much sir 😊
@pmtycoon
9 ай бұрын
Most welcome
It was really an amzing video sir you'r teaching method is so Wonderfull very easily understand Thank you sir
@pmtycoon
Жыл бұрын
Thanks Kashif
Sir, please make video on cost accounting in depth about Variable fixed and O/H cost and also variances..request you to cover it on whole, it will be really helpful.
@pmtycoon
2 жыл бұрын
Sure Aishwarya
Thank you so much bro.😊❤️
@pmtycoon
Жыл бұрын
Welcome
it's a great session of accounting overview
@pmtycoon
Жыл бұрын
Thank you
Thank you so much you have educated so much
@pmtycoon
Ай бұрын
You are welcome 😊
super cool for beginners like me
@pmtycoon
Жыл бұрын
Great 👍. Thank you
Very impressive and motivating lesson indeed i have learnt alot through this video.
@pmtycoon
7 ай бұрын
Glad to hear that
Thanks a lot sir for giving us a very important lesson
@pmtycoon
Жыл бұрын
Thank you Sohag
It's getting to clearly ❤️❤️❤️❤️
@pmtycoon
Жыл бұрын
Thanks Khasif
Thankyou💯💙
@pmtycoon
Жыл бұрын
Welcome
Great video lessons. Very easy to follow and understand.
@pmtycoon
7 ай бұрын
Thanks 🙏
Thanks!
@pmtycoon
5 ай бұрын
Thanks Jenny for the kindness. Your gesture leaves me with an award winning feeling 🙏😊.
thank you sir. Can you please post a video on Corporate Accounting please.
Great!!
@pmtycoon
9 ай бұрын
Thank you
GOOD EFFORT
@pmtycoon
Жыл бұрын
Thank you Noor
Very effective video
@pmtycoon
Жыл бұрын
Glad to hear that
Mate your amazing
@pmtycoon
Жыл бұрын
Thank you
Best video ever
@pmtycoon
Жыл бұрын
Thanks 🙏