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In this video I share 32 things you should know about Accounting. These core concepts and definitions are key to understanding how Accounting works.
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⏱️TIMESTAMPS
00:00 - Intro
00:17 - 1. Financial Accounting
- Video: • ACCOUNTING BASICS: a G...
00:57 - 2. Single-Entry Accounting Method
- Video: • How To Start Bookkeepi...
01:24 - 3. Double-Entry Accounting Method
- Video: Coming soon!
01:47 - 4. Accounting Equation
- Video: • The ACCOUNTING EQUATIO...
02:03 - 5. Assets
- Video: • What are Assets? (Let'...
02:22 - 6. Liabilities
- Video: • What Are Liabilities? ...
02:45 - 7. Equity = Net Assets
- Video: • What Does Equity ACTUA...
03:15 - 8. What is Equity made up of?
- Video: • What Does Equity ACTUA...
03:32 - 9. Retained Earnings
- Video: Coming soon!
03:56 - 10. Withdrawals
- Video: Coming soon!
04:11 - 11. Profit
- Video: • The INCOME STATEMENT f...
04:29 - 12. Revenue
- Video: • The INCOME STATEMENT f...
04:38 - 13. Expenses
- Video: • The INCOME STATEMENT f...
04:49 - 14. Expanded Accounting Equation
- Video: • The KEY to Understandi...
05:05 - Cheat Sheets and Practice Questions
- Cheat Sheets: accountingstuf...
- Practice Questions: accountingstuf...
05:26 - 15. Debits and Credits
- Video: • ACCOUNTING BASICS: Deb...
06:36 - 16. DEALER
- Video: • DEALER: The Number 1 H...
07:09 - 17. Debits and Credits aren't backward
- Video: • Why Debits and Credits...
08:06 - 18. Cash Method vs Accrual Method of Accounting
- Video: • Accrual Accounting: Ho...
08:56 - 19. GAAP vs IFRS
- Video: Coming soon!
09:15 - 20. Revenue Recognition Principle
- Video: • Revenue Recognition Pr...
09:40 - 21. Matching Principle
- Video: Coming soon!
10:04 - 22. Journal Entries
- Video: • How JOURNAL ENTRIES Wo...
10:44 - 23. Accounts
- Video: • T Accounts Explained S...
11:05 - 24. General Ledger
- Video: • GENERAL LEDGER: Visual...
11:24 - 25. Chart of Accounts
- Video: Coming soon!
11:49 - 26. Trial Balance
- Video: • The TRIAL BALANCE Expl...
12:10 - 27. Adjusting Entries
- Video: • Prepayments and Accrua...
12:35 - 28. Financial Statements
- Video: • FINANCIAL STATEMENTS: ...
12:56 - 29. Balance Sheet
- Video: • The BALANCE SHEET for ...
13:31 - 30. Income Statement
- Video: • The INCOME STATEMENT f...
14:05 - 31. Link between the Income Statement and the Balance Sheet
- Video: • The KEY to Understandi...
14:40 - 32. Cash Flow Statement
- Video: • The CASH FLOW STATEMEN...
15:22 - Outro
🔎FAQ
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