Accounting for Beginners

Рет қаралды 2,515

2 жыл бұрын

Accounting for Beginners #140 / Debits and Credits / Journal Entries / Accounting Basics
BEST ACCOUNTING PLAYLIST IN THE WORLD • Accounting for Beginne...
MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
Accounting For Beginners #1 www.youtube.com/watch?v=_pTU4... Debits and Credits / Assets = Liabilities + Equity
Accounting For Beginners #2 www.youtube.com/watch?v=0--jJ... Basics / Accounting Equation
Accounting For Beginners #3 www.youtube.com/watch?v=YXFEE... Journal Entries / Beginner Tips
Accounting For Beginners #4 www.youtube.com/watch?v=Yy1Dt... Income Statement / Revenue - Expenses
Accounting For Beginners #5 www.youtube.com/watch?v=fEtBF... The Balance Sheet / Basic Tutorial
Accounting For Beginners #6 www.youtube.com/watch?v=XyB3m... Putting an Asset on the Balance Sheet
Accounting For Beginners #7 www.youtube.com/watch?v=H4udC... Depreciating an Asset / Basics
Accounting For Beginners #8 www.youtube.com/watch?v=xjXgp... Depreciation Expense / Basics
Accounting For Beginners #9 www.youtube.com/watch?v=QFV6P... Accounts Receivable / Basics
Accounting For Beginners #10 www.youtube.com/watch?v=xQ0u_... Accounts Payable / Basics
Accounting For Beginners #11 www.youtube.com/watch?v=tFA9H... Fifo and Lifo Inventory / Basics
Accounting For Beginners #12 www.youtube.com/watch?v=Z-g1T... 1 Journal Entry With 2 Assets / Basics
Accounting For Beginners #13 www.youtube.com/watch?v=ds2Y0... Accounting Study Guide / Template
Accounting For Beginners #14 www.youtube.com/watch?v=BU9em... Journal Entry with Cash / Expense
Accounting For Beginners #15 www.youtube.com/watch?v=kwCtA... Journal Entry With Cash / Revenue
Accounting For Beginners #16 www.youtube.com/watch?v=1Yrcj... Debits & Credits / Negative Asset
Accounting For Beginners #17 www.youtube.com/watch?v=amf1h... T-Accounts / Debits and Credits / Accounting 101
Accounting For Beginners #18 www.youtube.com/watch?v=18zPz... What is a Draw? / Withdraw / Distribution / Dividend / Equity
Accounting for Beginners #19 www.youtube.com/watch?v=r43j0... Don't Abbreviate / Accounting 101 / Basics
Accounting For Beginners #20 www.youtube.com/watch?v=yXJVI... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
Accounting For Beginners #21 www.youtube.com/watch?v=CK9Ng... T Account Example / Accounting Tutorial
Accounting For Beginners #22 www.youtube.com/watch?v=EC93R... Trial Balance Unadjusted / Accounting Basics
Accounting For Beginners #23 www.youtube.com/watch?v=-9-LA... Cash in a Bank Account / Checking Account / Basic Accounting
Accounting For Beginners #24 www.youtube.com/watch?v=aUjVs... Does The Transaction Increase Assets / Accounting Basics
#Accounting #Exercise #CPA

Пікірлер: 129

@veronicawanzer2766 2 жыл бұрын

Long time no see! I said it once, I'll say it again: I passed Accounting 101 with the help of CPA Strength! DC ADE LER for life!

@CPAStrengthPassion 2 жыл бұрын

Oh thank you so much. I love hearing of people success

@aspiringaccountant7090 2 жыл бұрын

So glad to see that you're back at making more accounting/CPA videos. I got so excited when I saw you came out with a new accounting/CPA video. You're by far the best CPA/Accounting instructor I've ever seen. Please always continue to incorporate your excellent sense of humor and personality into your accounting/CPA Lectures. You're super enteraining. I prefer watching your videos over Netflix shows even! If you can continue to make more accounting/CPA videos, then that would be the dream!

@CPAStrengthPassion 2 жыл бұрын

To have people that genuinly like to watch my content, and leave such positive comments like yours. It really lets me know this is what i need to be doing with myself

@eutraciandlovu1633 2 жыл бұрын

I’ll forever be grateful to you man you helped me pass my modules with no background of accounting at all I’m in my final year the DC ADE LER still valid till this level!!! 🙌🏽❤️

@CPAStrengthPassion 2 жыл бұрын

I am not sure why, but this comment hit me on a deep level. All the years of hell i went through so I can come out the other side and be helpful to other people.

@chrisreale4326 2 жыл бұрын

@@CPAStrengthPassion is there a certification to become a CPA without a college degree?

@CPAStrengthPassion 2 жыл бұрын

Not that I’m aware of. I think you need 150 college credits to be a CPA.

@kevinmassey2711 2 жыл бұрын

You’re a beast! Be phenomenal or be forgotten! And you my friend are a PHENOM!!!!

@CPAStrengthPassion 2 жыл бұрын

I like that - be phenomenal or be forgotten

@jessicaj2484 Жыл бұрын

Thank you! Going back to school to complete my accounting degree. Love your videos and attitude!!

@CPAStrengthPassion Жыл бұрын

Thank you so much.

@jazzlerbelle2446 2 жыл бұрын

I graduated in May with my accounting degree, second career for me. Started my own business a year ago. Thank you for the motivation!

@CPAStrengthPassion 2 жыл бұрын

Omg !! This comment is giving me so much life. What kind of business did you start? I’m so humbled really to be able to provide motivation for go getters. All the best.

@jazzlerbelle2446 2 жыл бұрын

Called Birdwell Bookkeeping, Florida accountant here too.

@CPAStrengthPassion 2 жыл бұрын

That’s awesome. I feel like bookkeeping is an awesome income producing service. Florida as well. We are both kinda crazy then. Best of luck to you

@MilanMaestro1994 2 жыл бұрын

I use DC ADE LER every day at work and find it easier to use it than any other method. Appreciate the videos. Keep it up!!

@CPAStrengthPassion 2 жыл бұрын

That’s awesome for me to hear. I love that my videos have been so helpful

@aspiringaccountant7090 2 жыл бұрын

Hey just wanted to say that you're by FAR the most entertaining CPA instructor I've ever come across. I also love how you incorporate your incredible sense of humor into your lectures. You're by far the best thing that the CPA industry has ever seen. Please continue to provide more videos. When I saw the notification that you released a new video and are doing the CPA series again, it made me super happy. If you could continue to create excellent accounting videos with your vibrant personality and sense of humor, then that would be the dream. Stay awesome & I'm so happy to see you back at it with your legendary accounting videos! Please always continue to show your personality & sense of humor in them as well! You're the best!

@CPAStrengthPassion 2 жыл бұрын

This is like the most positive comment ever and i just found it in the held for review section of my comments. Thanks KZfaq, lolz / I'll always be myself in the videos i make. I have had a crazy life and i'm in turn crazy, but i do have a kind heart and always want the best for people.

@ericl3483 2 жыл бұрын

The king is back! I started watching your videos a few years ago when Covid thrust me into an accounting position at work I was unprepared for. Your methods and humor made learning these concepts fun. You have a gift; thanks for sharing it with us.

@CPAStrengthPassion 2 жыл бұрын

Haha, I’ve been called worse. Glad to have been able to help out. - i just stumbled upon teaching accounting on KZfaq and yeah it seems as I have a knack for it. Life’s a trip

@jjohyrule2963 2 жыл бұрын

So glad you’re back, I missed you! Better than ever 👍🏼

@CPAStrengthPassion 2 жыл бұрын

Thank you. Yes, I feel better then ever.

@joanoscarson4077 2 жыл бұрын

Your videos helped me get through my accounting classes and helps me at work.

@CPAStrengthPassion 2 жыл бұрын

Very cool for me to hear. What work do you do?

@joanoscarson4077 2 жыл бұрын

@@CPAStrengthPassion I work at a CPA firm. I do bookkeeping, payroll, sales tax, and bookkeeping for QuickBooks clients. I have an AAS degree in accounting from a community college. I also work at two small churches. My second year of college I was the accounting/business tutor and DC ADE LER was the first thing I shared with the students and I told them to watch your videos.

@CPAStrengthPassion 2 жыл бұрын

That’s really cool to hear. Thanks for answering. I just really like hearing how my videos have helped people in there lives. Sounds like you are doing well. I love that you are working with some churches!! All the best to you.

@joaquinochoa5322 2 жыл бұрын

He came out of the gate with the classics...lyrics and basics matter...NO MUMBLE RAP or MUMBOJUMBO ACCOUNTING. Boy started from the bottom, he hit the low-low now he's here spitting #hardfacts for the masses with no gimmicks. I repeat free with no gimmicks or shilling. He a real one...basics. You all talking about Practice (homework), not the game.

@CPAStrengthPassion 2 жыл бұрын

Hahaha 🤣 y’all talking about homework wtf. This comment gives me life !! Thank you.

@joaquinochoa5322 2 жыл бұрын

@@CPAStrengthPassion We are all here for you, man. When you go to that dark cave...make sure and remember us. Obviously I would like you not to go into that cave...sometimes you do it just to see if you can control those demons...just don't go to the party even when the demons call. We are here for the Accounting Flow Party...holla! As Pac said, keep you head up!

@CPAStrengthPassion 2 жыл бұрын

I appreciate your comment. I have been to some dark places, but I am doing very good currently. I could always do better. 1

@tendy6993 2 жыл бұрын

Anyone new pls give your mind a chance to learn from the CPA strength. This dude's a beast at accounting. I recomend his playlist just ignore the fact that u did accounting b4 like i did. Trust my writings

@CPAStrengthPassion 2 жыл бұрын

Thank you for your confidence with me

@tendy6993 2 жыл бұрын

@@CPAStrengthPassion U DC ADE LER video hepled me with accounting although i struggled with accounting since 8th grade. I love that your work is free of charge. I hope many high schoolers get ur videos.

@ThepurrrBlog 2 жыл бұрын

The Classics are back!!!! I need bookkeeping advice! The foundation is back!!!!! DC ADE LER is back!!!!!!!

@CPAStrengthPassion 2 жыл бұрын

Yaaas, the classics are back. Finally !!!!

@gerdhu2022 2 жыл бұрын

Liked!! Way to go CPA strength.

@CPAStrengthPassion 2 жыл бұрын

Thank you for the support

@callie672 2 жыл бұрын

Hey you're back with the Accounting. You helped me too. Thanks a million. 🙏♥️🇹🇹

@CPAStrengthPassion 2 жыл бұрын

Yes I’m back and I’m better then ever. I’m glad my videos could be helpful. What country flag is that?

@callie672 2 жыл бұрын

@@CPAStrengthPassion hey I'm your fellow Caribbean viewer, the flag is Trinidad and Tobago.

@CPAStrengthPassion 2 жыл бұрын

Oh cool I remember going to school with someone from Trinidad 🇹🇹 - I live the Caribbean vibes & cuisine

@callie672 2 жыл бұрын

@@CPAStrengthPassion yes there's a lot of Trinidadian's in Florida. Actually one of my sisters live in Ft. Lauderdale. ♥️

@pixiehik 2 жыл бұрын

I just found your playlist a few days ago and already feel way more confident learning all of this. Not taking a class but about to learn more on QB and then learn a JIB oil and gas software and needed this! The book I ordered will be here today but I have a feeling this is where I will learn the most, it is the way I learn the fastest and RETAIN what I learned. Got the DC ADE LER down first day. Thank you so much for doing these videos.

@CPAStrengthPassion 2 жыл бұрын

Thanks for your nice comment. I really just try and drill down on the basics so whatever you do with the information will be useful and relevant. You already got down DC ADE LER you will be fine

@ChrisplussTina96 2 жыл бұрын

My dude is on FIRE this time around! I'm studying accounting right now for my job, and man you not only make it make sense but you're so engaging to watch! Thanks for doing what you do!

@CPAStrengthPassion 2 жыл бұрын

Glad my videos are being helpful. All the best

@lennywilson2702 2 жыл бұрын

I can make our small business report by watching your video, sir. haha...Thank you so much.

@CPAStrengthPassion 2 жыл бұрын

Always glad when a video of mine can help out.

@najeeashby7170 2 жыл бұрын

Lol I like your style! I am 28 and I agree I learned almost nothing in college. I’m studying for my CPA now and the foundation is most important like you said. DC ADE LER all the way. Shout out to the underdogs!

@CPAStrengthPassion 2 жыл бұрын

Let’s goooooo!!! Don’t ever give up on your CPA Exam!! Shout out to the underdogs

@waqarahmed-cn5mf Жыл бұрын

I’ll forever be grateful to you Bro you helped me retain my Job.

@doc5144 2 жыл бұрын

He’s back! Hey sir, could you please explain T accounts and trying find the balances, even further to say on how to make trial balance. Regardless thank you for teaching me accounting. I’ve learnt more from your vids than my classes.

@CPAStrengthPassion 2 жыл бұрын

Feels good to be back. I could make another video on T accounts & trial balance yes. I believe Accounting for Beginners #17 is about t accounts. I'm glad i can be able to teach accounting and be impactful

@doc5144 2 жыл бұрын

@@CPAStrengthPassion Thanks for telling me! I appreciate the effort you put into these videos, it shows your character. I had to take accounting in order to purse my major. Your videos in general have made me more interested in accounting and maybe taking as a full career. I thank you for inspiring me to keep going in this course I’m taking.

@CPAStrengthPassion 2 жыл бұрын

I appreciate your positive comment. It’s very fulfilling when I can be helpful towards people. All the best

@kpath74 2 жыл бұрын

My Boy is back. DC ADE LER we in here!!!

@CPAStrengthPassion 2 жыл бұрын

Ayooooooo !! We outchea

@janinnemeloni2232 2 жыл бұрын

Stoked you're back. So entertaining. The BEST way to learn. Thank you!

@CPAStrengthPassion 2 жыл бұрын

Thanks so much !!! A little flair while delivering information is what accounting has needed

@anastasialikhomo7319 2 жыл бұрын

The King came back with a bang 🔥🔥🔥💪❤

@CPAStrengthPassion 2 жыл бұрын

Haha, I’ve definitely been called worse

@TheMzNess 2 жыл бұрын

Yay! You are back, love your videos :)

@CPAStrengthPassion 2 жыл бұрын

Thank you it’s great to be back

@thundorfin1632 2 жыл бұрын

Last year I saw your videos and I was sick of working in a call centre. Your videos inspired me to study to become a charted accountant and am enjoy my studies. Thank you for your content

@CPAStrengthPassion 2 жыл бұрын

WOW - I am so happy that I am in a place to inspire. Good for you wanting more out of your life. Keep going.

@DJRobmak Жыл бұрын

This guy is great.

@CPAStrengthPassion Жыл бұрын

Thanks

@brandonfling1376 2 жыл бұрын

I'm studying for BEC right now and learning a bunch of different mnemonics that help for COSO and ERM, but nothing compares to the DC ADE LER. I literally have that on my desk and use it as an accountant everyday at work. Thanks for all the motivation and all the videos you put out.

@CPAStrengthPassion 2 жыл бұрын

I know the feels of studying for the CPA and all the mnemonics, which I don’t remember any of them 7 years later. Lolz !! Except of coarse DC ADE LER. It makes me so happy to read in comments that I have helped people. And that I can motivate and inspire. / don’t you dare ever stop taking the CPA exam until you are licensed !!

@chrisallenmax 2 жыл бұрын

A beast 💪🏽💪🏽💪🏽and a money genius

@CPAStrengthPassion 2 жыл бұрын

Brains & brawn. Let’s goooooo!!

@moshter11 2 жыл бұрын

I've watched your previous accounting videos in the past. Looking forward to refresh my memory and learning more new things!

@CPAStrengthPassion 2 жыл бұрын

Awesome. I feel like I’m in a different mindset for my current videos. I will probably word things a little differently now. Thanks for being around the channel.

@Vitlaus 2 жыл бұрын

Looking good & tan this summer 😎

@CPAStrengthPassion 2 жыл бұрын

Yo yo yo / Jacked & Tan summer 22

@Daniel.Hernandex 2 жыл бұрын

Best in da game! I still use DC ADELER

@CPAStrengthPassion 2 жыл бұрын

I still use it too. / yeah, you will never find anyone else with my skill set. Let’s goooooo!!!

@lalitarai5201 2 жыл бұрын

You are funny 😆 , you make me laugh 😂. Thank you thank you for doing vedeos back again … 😘

@CPAStrengthPassion 2 жыл бұрын

Some people think I’m humorous, I do this for those people. You included

@krishnnakumarr2567 2 жыл бұрын

He is back!

@CPAStrengthPassion 2 жыл бұрын

Yes, and better then ever. Elevating

@SIMPLYYOUMAKEUP 2 жыл бұрын

That refresher course is life, I love it you are do right debit just is and credit just is. Great job my friend ❤❤❤🌴

@CPAStrengthPassion 2 жыл бұрын

Thank you. You are such a good friend to me !! So compassionate, so full of life.

@deanadpayton 2 жыл бұрын

Glad you are back!

@CPAStrengthPassion 2 жыл бұрын

Thank you 🙏 it feels great and My mental health is the best it’s ever been my whole life

@deanadpayton 2 жыл бұрын

@@CPAStrengthPassion Awesome!

@LaDyLuCk909 2 жыл бұрын

Woooow your back !!! I passed my accounting class last semester and it was all thanks to you and videos.. your better than ANY of my account professors and I know that I've told you this before but I appreciate you. 🤗🤗🤗🥰

@CPAStrengthPassion 2 жыл бұрын

Congrats to you passing your class. You did that. I’m stopped in my tracks right now thinking that if I didn’t fight against the hell I went through I would of never made a KZfaq channel and impacted so many people

@LaDyLuCk909 2 жыл бұрын

@@CPAStrengthPassion sometimes it takes total strangers to remind you how great you are....and your amazing!!

@CPAStrengthPassion 2 жыл бұрын

Yeah, seeing something from someone else’s vantage point is eye opening at times.

@mercyshimray8637 Жыл бұрын

Thank you ❤

@CPAStrengthPassion Жыл бұрын

You are welcome. I’m glad you found the video helpful. Have a blessed day

@Justin-pu5pb Жыл бұрын

Great video. I love how you simplify this pry.

@Justin-pu5pb Жыл бұрын

*process

@CPAStrengthPassion Жыл бұрын

Thank you. Glad you enjoyed the video

@doll-ie 2 жыл бұрын

oh my god you came back!!! I remember watching your videos an year ago knowing nothing about accounting and only about a few days ago I gave my accounting state exam and it went well, thank you so much for everything. Hope you're doing amazing and that tan's on point

@doll-ie 2 жыл бұрын

DC ADELER for life 🥳

@CPAStrengthPassion 2 жыл бұрын

That’s awesome to hear that you are learning and passing exams, glad I could help. - I’m doing tremendous and yes I’m working on being jacked and tan this summer.

@CPAStrengthPassion 2 жыл бұрын

Let’s goooooo

@sts747 2 жыл бұрын

Dang bruh !🔥🔥

@CPAStrengthPassion 2 жыл бұрын

I had to let them know

@lalitarai5201 2 жыл бұрын

Welcome 🤗

@CPAStrengthPassion 2 жыл бұрын

Thanks

@Traviskm91 Жыл бұрын

This guy must become a teacher

@CPAStrengthPassion Жыл бұрын

I am a teacher here on KZfaq for free, for the whole world. Blessings

@boomdogg38 2 жыл бұрын

lol welcome back my guy

@CPAStrengthPassion 2 жыл бұрын

Thank you. It’s great to be back.

@ginalin2259 2 жыл бұрын

😘👍👍👍

@CPAStrengthPassion 2 жыл бұрын

Ayooooo !

@TheGainingGround 2 жыл бұрын

Yo... Yo... Yo....

@CPAStrengthPassion 2 жыл бұрын

Yo yo yo

@smiley8716 2 жыл бұрын

My man come back with dc ade ler

@CPAStrengthPassion 2 жыл бұрын

He back - kool aid

@RMC450 2 жыл бұрын

Hey CPA could you do a tut about the accounting cycle?

@CPAStrengthPassion 2 жыл бұрын

Yeah, I could do a video on accounting cycle. Thanks for the idea.

@selwynsmith7956 2 жыл бұрын

Where have you been Bro ‼️

@CPAStrengthPassion 2 жыл бұрын

The past couple years I have been really trying to get my business going strong, I did a powerlifting meet, and I got a real estate license, also I was working on my mental health.