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

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

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

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

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

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 :(

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

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!!!!

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%.

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

Very easy to understand, thanks.

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!

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

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

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

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

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

Such a great, simple explanation; thank you!

Great explanation!!! Please do more videos!

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

VERY helpful, thank you SO much, Andrew

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

Thankyou!You make it sound so easy

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!!!!!

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

Excellent presentation! Very helpful!

Thanks boss for your crystal clear explanation! Cheers!

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

Really good presentation, thank you!

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

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

Explained simply. Good job.

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

Thanks for explaining what my professor couldn't!

Great & Simple Explanation

Thank you so much for this video!!

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

Thanks for your help.

thank u for your explaination on fifo and lifo

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

thanks, was very helpful!

Great! Very simple

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

Great video. Thanks

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

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

Thanks more cleared now nice presentation

Great explanation!

You're a lifesaver thank you so much

Perfect 👌. Thank you 🙏

That was helpful thanks.

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

Hell yeah man thank you!

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

Thank you! You rock!!

Thank god I found this video. I was so confused

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

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

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

Thanks you sir

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

I love you haha this has helped so much

Thank you thank you

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

"Leaf-o and Feaf-o"

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.

tks!!!!

teriffic video! good stuff.

thank u sir

it looks good and easy

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

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

Great video 👍🏿

Why don't we have this kind of teachers

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

good one

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

ur awesome

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

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?

☠️OA class was here period poo🥢🧃🧃

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

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...

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

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?

Wow

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

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?

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

I have some examples that I can't solve them

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.

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

Never heard it as and FEEFO LEAFO

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

Почему я не понимаю (((?

nice now imma fifo my dog