Accounting Basics 2- Accounting Equation

[misssce11]

wow, I love you, you made life easier

[samymachine]

You are, indeed, a great teacher, but your microphone sounds so annoying that I had to switch to a better sound, but not a better teacher! Pleeeeeease do something about the zzzzzzzzzzzzzzzzzzzzzzzzzzzz sounds while talking or pronouncing the letter S....

Thanks,

[bleachisgreat963]

<3

[rsfowlerjr1]

LOL OMG IS THIS REALLY WHAT ACCOUNTING MAJORS DO? STFU OMG IM CHANGING DEGREE TOMORROW

[emansresu]

You r a great person and great teacher 

[lilkami8]

OMG.. Teacher is so great.. I'm falling short of thumbs to up for her.. Great

[rubenjoshuaespezua]

thanks this is my second video i watch and is helping i will be watching all of them today !! a++++

[ronval6]

very bad sound 

[MypescpeTV]

Thank you for posting so many great videos to help us!

[StateCCM]

I wish my professor had as much enthusiasm as this teacher...

[rubenjoshuaespezua]

@StateCCM i know i professor just make us read if i had this lady teaching me i probably would not be looking in to accounting videos on youtube.lol

[Tarck452]

Would...soooooooooo would.

[MrBlaZeAdOoBiE]

i love you Susan :) 

[holly2233]

I think I love you!

[jamiegirl0403]

I just wanted to say thank you very much. I passed my accounting class with an A thanks to you. You are an angel :)

[JackBovine]

So condescending.

[Imagynuity]

It's too bad Youtube doesn't give out certificates upon completion.

[JackBovine]

@Imagynuity I will give you a certificate. I am on the official YouTube News Team.

[benzin130]

should i cancel my upcoming fall class??? here its free...

[StateCCM]

@benzin130

wouldn't be a bad idea... in my financial accounting class we just read from the textbook....

[mythicals]

yeah she has got right hand :) 3:52

[ehardman1970]

Great video, but sure has a Mr Rogers feel to it :-)

[ArchiPepper]

@miloboyz how did that exam go? ;)

[jaimefbaby]

I hate dry erase marker on paper. . .

[thetexastittyman]

I'm planning on taking financial accounting this fall and this is very helpful and should give me a good preview

[gram0120]

youre so good,, thank you very much,,

[miloboyz]

yea u are my savior... got final exam tomorrow... last minute study...

[hotruongits]

good



[Alysean]

Loved it!

[dayanediva2010]

Thanks...for the first time I'm understang...

[Zeeeloo]

Thanks Really U R Soooooooooo GOOOOD :))))))

[DaretoSimplify]

I love your enthusiasm!

You make everything so clear XD Thank you so much!

[sreejabyju]

Thank You very much, you have made accounting really interesting, i always thought that accounting is not for me. Thank you once again you are awesome

[kittykat1111111111]

-facepalm- Who on earth is this video aimed at?

[DaretoSimplify]

@kittykat1111111111

people who have crappy accounting teachers. 

[maximilianoxam]

im not a little kid!

[Lovelastiing]

thank god there's you. My accounting teacher speaks gibberish. (:

[winterseasonLA]

thank you so much .

[yipes28]

great way better 4 me 2 understand.

[verymadmama32]

I know how to solve the equation and do my math, but I never get why it has to stay in balance. Why it can't be off? And what if it's not in balance?

[sgh102]

Also the accounting equation could be Assets + Expenses = Liabilities + Owners Equity + Revenue, where the debits = the credits.

[saad6633]

Thank you very much

[Msbolivia11]

Do you teach Interm Account 1 ??

[Msbolivia11]

Once an allocation is made from a service department using the direct method, no further allocations are made back to the dpts??

[SyntheticParanoia]

110 000 ??? Yes i got it :D

[carlyqcarmesq18]

Real profiles and thousands of Russian women gettop5.info

[nightworld0092003]

i laughed so hard at 1.19 caz she laid it out so easy that a 2nd grader cud know the answer.... GREAT TEACHER...

[llxllmayalenllxll]

thank you for uploading you're really good .. hi from egypt

[hopaehab1]

Madam it is work great, but you know that it is man when he leaves beneficial knowledge by the people, he remained Favors harvested until after his death in the Islamic religion this is called "ongoing charity", i hope you will gain every thing good for long time. thank you very very much

[ETCetera226]

wow lady, you are great! i am actually learning accounting! :)

[tshrjain]

i wish u were my teacher or atleast my teacher could see this and learn how to teach!

[HamzaNadeem]

All lectures on one site. ACCA lectures on all papers. Video lectures with course notes and more. Visit Open tuition .com Sign in and avail all this for absolutely free.

[HamzaNadeem]

All lectures on one site. ACCA lectures on all papers. Video lectures with course notes and more. Visit Sign in and avail all this for absolutely free.

[blackbuttafly7]

you are a breath of fresh air!!!!....thank you thank you thank you!!!

[usuckbad2]

Basically this is never used its mainly Debits and Credits Debits = DEAD debit equity assests drawings Credits = CLIC Credit Liability Income Capital

[tucciproducer]

She doesn't even define what a liability is.

[amila2006]

Thank you very much teacher for your time it really paid off for few of us.

[paraskevas15]

if sound was better could be perfect

[nerakii098]

hey help me on how to PREPARE SCHEDULE SHOWING THE DISTRIBUTION OF PROFIT PARTNERS.

[oisiaa]

The sound of that marker on the paper is like fingernails on a chalkboard.

[mannheri]

I like you videos. Wonderful

[usuckbad2]

Is every one watching this a moron. "I understand everything!" It's one fucking equation I could teach an eight year old that. She spent 5 minutes explaining one dam simple equation

[archerdnerd]

@usuckbad2 you right dude...its nursery accounting....

[11vetttro]

how is general ledger???

[techniah]

What a great teacher !

[aggresive1queen]

easy!

[whiteliketar]

What a great teacher. This is an example of humanity at its best. I always accepted the equation but never really grasped it. For years I struggled with the idea of how could you take a minus ( liability) and add it to equity but by just understanding the composition of assets made eveything so simple. A teacher can really make a difference.

[poulton1]

excellent - really excellent!

[Jangles2323]

She reminds me of the detective from Fargo.

[mypetmeatball]

Man those two examples are some really crappy businesses. 80% of assets are claimed by obligations/creditors?  ouch

[matthewgroen]

Haha cool vid man!

[WarGodsROYALE]

she should've used a WHITEBOARD. my ear hurtsssssss

[DominicBradish]

This is really a great resource for students who may need a little more help.

[netbasis]

Very helpful Susan, thanks!

[netbasis]

Great Series. Cost basis calculator at Net Basis!

[dartz07]

I think the really hard one is finance, but that's just me.

[stephenouma]

Yeah, you are a great teacher

[bgdomisals]

you are a great teacher!!! thanks!!

[Isreal4realz]

Or is the liability ON the people renting the condo? That would make more sense... But I am still confused.

Please someone clarify

[blackknight509]

Definitely subscribin! Thanks for your time doing this. Helps outside of class.

-future ref: Might need a better microphone, sound is a little raspy!

[supernatdan04]

@blackknight509 is ur accounting classes pretty tough?? im thinkin about taking it..

[blackknight509]

@supernatdan04

It's Accounting 1: principles of accounting, and not really too hard in terms of applying formulas with simple arithmetic. You just have to practice repetition in learning the correct format of income statements, balance sheets, etc.. and also the terms and rules.

I say take it, as long as u pay attention in class and study outside it should be fine.

[supernatdan04]

@blackknight509 u think i would be ok if i wasnt that good in math? i haerd its not all math.. i did accounting in my high school caffee .. and i loved it.. but i know its alot more co mplex then what i was doin.

[blackknight509]

@supernatdan04

Yes, I'm not great in math either. I only needed to take college algebra for my major(computer info systems). Your professor will tell u that the only math u really use is simple arithmetic, plus being able to plug in formulas such as A=L+SHE. Watch these videos and you'll see what i mean. The hardest part for me is remembering the terms and knowing formats.

[PraterBoyJohn]

this is wayyyy too simple.

[mitch7868]

did you say the B-word lol DUmB BROAD

[andrewrosso]

no its doesnt ALWAYS say in balance if the buiness over spend money and spends money that it doesnt have then it will not be in balanced.

[PraterBoyJohn]

yes it does. In the double-entry accounting system the equation always stays in balance. If the company over-spends it would simply reduce equity and increase our liabilities.

[andrewrosso]

so mr proferser youre trying to tell me that you know more that the accounting book that i read the other day? becuase it say that when you spend money you dont it will not be balanced. jerkoff

[PraterBoyJohn]

lol, you are probably thinking about the fact that if we over-spend our company will have negative equity. I imagine you simply misunderstood the book. Don't understand why you called me a jerkoff though, I'm just trying to help you understand acccounting better.

[adrielde1]

god thank u so much im learning more in here then taking the class at college dang i shouldve save my money lol

[Mike84877]

lol, yo I said thank God myself after i seen this, omg .... I was really going to give up (thx God is right )

[Shadowhero43]

@adrielde1 same here man, my profesor talks to much of here life and gives us hard-as-hell assignments.

[jokidzzz]

Thank you. You are fantastic!

[praveenreddykv]

WOW WOW .... you are as charming as your subject, I wish my Lecturer was like you.... carry on the good work....

[paydafee]

shes treating me like a child

but im learning :D

[Uaxis]

Most of the people at youtube are children. >=)

[amarcosdurock2009]

This video will be a great complement to my English classes. Thank you.

[kaiservorhaut]

she talks like she's actually presenting "accountancy for 5 year olds"

[moreload]

thank you Susan

[108StarsofDestiny]

How ironic.... I paid tuition fee in school and learn nothing in my accounting subject but I learn for free here in youtube .. Thank you so much ma'm how I wish you were my professor

[Mander52]

@108StarsofDestiny u must be a retard then

[ETCetera226]

@108StarsofDestiny I couldnt agree more!!!!

[detective185]

Its AMAZING

[ebunny5]

you are really great susan!!

[ArBiTeR0000Tactical]

I am in college and am on my second day of accounting. I am having a difficult time with the spreadsheets, keeping factorials and getting both sides to match up.

[salahaddin2009]

thanks for uploading, but sadly this is not similar to the UK system. Not a major difference but the words you use are different, which is confusing me.

[fsjal1]

old skool boardd

[sobermall]

I think you haven't cocentrated upon the logic of the equation but on the board. Surely  you would be a wood worker in the past.

[Uaxis]

Most people stick to flashy power point presentations with distracting clip art.  :P

[TaTyTu777]

I understand everything !!!

I wish u could be my teacher insted of my new-graduated dumb ass teacher.

[MrTripplenipple]

thats the loudest marker i've ever heard.

[sobermall]

Leave marker did you understand the logic of the equation or not?

[andrereyta]

ummm can anyone tell me what is owner's equity? and can u tell me the difference between capital and owner's equity, cause we preety much use the term "capital" in our lesson.. thnx!!

[luvrGurlaaaa]

its the same as capital.. some books are using owner's equity and some books are using capital and also stockholders equity

~~Shareholders' equity (or stockholders' equity, shareholders' funds, shareholders' capital or similar terms) represents the remaining interest in assets of a company, spread among individual shareholders of common or preferred stock.

[elwalvador]

I don't understand how people think that they are "part owners" of a company just because they have a few hundred shares. It's not like you can buy WMT shares and then go into Wal-Mart and pick up a new HD TV for a discount or for free because your an "owner" of the company!

IMO being a common shareholder is not for me. That's why I only trade options.

[A23Angelo]

wow i wish you could be my teacher....great lesson

[moorm2008]

thanks this is awesome

[karmablend]

Are you availble for tudoring?

[jarocho57]

Seria bueno invertir en un buen microfono, el ruidito que produce, hace que no sea agradable escuchar la leccion.

La felicito por compartir sus conocimientos y sobre todo su tiempo para la comunidad youtube.

Le agradeceriamos infinitamente que cheque el micro antes de iniciar su sesion.

Take care.

[MrJonathanArevalo]

I just realized why I failed accounting twice and could never understand the 'accounting equation': I was raised never to owe anything to anyone because that was debt; whereas, the accounting equation calls debt owed and 'partners in profit" assets.

Thanks Susan!

[jkool1919]

SHE!! WTF IS SHE!! WTF

[SilentG20]

duuuude, take it easy, what are u being so furious about, it's just accounting, a nice teacher, see, that simple!

[mele0301]

share holders equity

[roshniization]

that is good for account student and improve ours knowledge.

[Angie0455]

This is really helpful.. I'm barely going to go too college for accounting kinda of gives me an idea of how is like.. This is just great.

[ProudSikhJatt]

Can someone please help me with Accounting 111 and 112. I really need help from beginning to end....like slowly and specifically someone help me out im totally lost.

[mastreeboy]

what is your plan b career? i just changed from accounting to fire services after i failed algerbra.

[ProudSikhJatt]

I was thinking if not accounting then atleast major in finance, or business administration. I am in algerbra at this moment, barely hanging on to it, im not giving up, but still it's scary since in real im not good in numbers.

[mastreeboy]

good luck, since firefighters only work 8 to 15 days a month i plan on trying again after i became establish because i will have more than enough free time

[enitsirchjoyful]

i hope u could have a video of how to prepare general journal

[jeanricbonz]

thank you so much!..Now I understand..

[aboda7m1]

what a teacher .... wow

she is great

simple words , clear voice , nice handwriting, beautifull lady

thanks from my deeps

can you contact me to discuss thing about acconting??

does any body know how to contact her?

[rolandoreyes]

I think we have an obssessed fan.  Stocker?

[jkool1919]

1800-HOT-ACCOUNTING-BABES

[kannabhais]

R u Searching to How to Pass Accounting Exam with Good Marks. I Believe in GOD(JESUS CHRIST). He will Help EVERY ONE. Just Ask God in JESUS Name. it will be done. U need Faith.

[Chhaylin]

Susan, I want you to be my private teacher Financial Accounting.

Next week, wednesday, I'll have an exam on this.

This is the 4th time I'm taking this exam. All the other times I failed. Someone I can pm my questions to when I need help?

[BKeithHutton]

This is GREAT!!! I kept finding myself blurting out the answer and it reminded me of my son watching Sesame Street.

Thank you so much for the videos.

[Chhaylin]

Hahaha :D Nice comparison.

That sounded cute.

[jaster030]

I just earned my Associate's degree in accounting earlier this month and plan on turning that into a Bachelor's degree asap at a different college. I can already tell that you are a superb accounting teacher and look forward to studying with your videos this summer to help me with my goals.

[blogx113]

oh my god you are a genious! I am failing my accounting class and didnt uderstand that equation at all ive read my book lie 20 times.

[chinchonchinchon]

l0l, now you do understand, don´t ya?

Did you say, YES?

l0l

[angelbabykari]

OMG i luv u!!!! you're a great teacher!!! i actually understand what you're saying unlike when my teacher says it :D

[casioplayer]

Great video! You made it so easy to understand and I can tell you have a passion for teaching.

[venus1727]

very good video.

thank you for posting, susan.

however, i have to agree with others who complain about sound quality.

i hope you improve it.

[Antonmorrisisalegend]

please improve the audio quality on your videos, its very bad, otherwise thanks for the tuts, there great

[irenesanghyun]

Thank you with all my heart with those lectures! You are the best

With all my respect,

Irene

[pintobeans77]

lol so sad...I should've watched this 4 months ago. I passed the class but can't really say for sure that I grasp anything...

[alfonsoj23]

thank you:)

[MisterKwakkles]

Owner's Equity or Stockholder's Equity is also known as its synonym "Net Assets." That can be derived from the equation Assets minus Liabilities equals Net Assets.

[xXxPaMixXxUKxXx]

Thank you so much...you make it sound so much easier then the accounting books or even my teachers. You got charisma and you got that easy way of explaning things...Thank you again

[SMARTQ825]

hi miss I hope talk you very good

[Screamaniac]

you are a great teacher. thank you.

[kirillredscare]

great energy!

[yeeman10]

shiiit her voice got freaking annoying haha

[Mirpuria]

I would like to know legally for how long must the AAT hold a customers records in the UK before destroying them?

[lifeofalady]

Thanks soo much, you are a great break from the textbook. You make it seem so simple.

[machvis]

She's got a charisma :) nice lady

[nightfrog65]

She makes a boring subject like accounting seem semi-interesting.

My acccounting teacher sucked- he talked above our heads and assumed we were getting ready to take the CPA licensing exam instead of learning the fundamentals of accounting.

[checkerblob]

she is a cutie pie....what i could do with her and big bowl of tomato soup.

[librafist]

good luck

[RealBloppy]

professional sound quality... lol

[bamagtf]

THANKS!

[vintage007]

Man, If you were my accounting professor, I would actually enjoy coming to class. Mine is sooo boring

[enemyevil10]

سهل اوي

[surrealandre]

I (being a science student)saw that heavy accounts book on my table and was worried how I could finish the whole of it in just three months while my classmates (who were commerce students) took two years to finish it! I think I found a way! Thanks for these lectures! I hope that they take me to the end!- Suraj Andrews, INDIA

[amig90]

The only teacher that can make this boring subject interesting.

[cappes]

did u guys get it?

it is so hard... :(

[AnOrCHiD123]

best on the best,take it easy!!

[3108711289]

she speaks like your a freakin 2 yr old!