Just finished all 10 videos. I took accounting over 20 years ago and these video's are a great refresher course and foundation for accounting. Thanks for the videos. Extremely helpful.
@monareddy277 Revenue is a revenue account. Revenue ultimately gets included in retained earnings which is part of owners equity or shareholders equity. The types of accounts are assets, liabilities, equity, revenue, expenses, losses, gains and other comprehensive income. All accounts must fall within those.
You can get a good T account tool from taccount.info. Will make your life easier. No more drawing the T accounts and having to add the debits and credits.
Can someone explain me this: I buy apples for 100 in cash to make jams for sale - Dt Supplies Ct Cash.
I use all apples - Dt Expenses Ct Supplies....what about jams? how do i enter them if there is no corresponding account? It's only stock to Dt? Or are there two types of supplies - ones being a part of final product and others being just used to make a product but they are gone, like spoon i used to mix jam and had to bin it as it has damaged? I am confused now.
You do not dr all these apples use to expense, since they're not consumed/dissappeared, you're only turning these apples/supplies/ingredients into jam as inventories ready for sale.
:) that was what i had found out but thank you for reply. Just one more question for you: Lets say i sold all the jams for 200, than my posting to journals are:
Dr Cost of Sales Cr Stock(inventory you call it) by 100
and
Dr Accounts Receivable Cr Revenue buy 200
Am i right? Susan is a very good teacher and her lactures helped me a lot but still i would have so many questions so hopefuly i do not bother you too much :) Cheers
susan... how do u say ... i love u in accounting language? i spent 3 weeks in my accounting class n i learn nothing more than the few voc words because my professor isnt the best at teaching.. i learn more in ur 10 min vid than the 3 weeks put together
to whomever was asking...it's 2nd year university level financial accounting. it's usually the first accounting course you'll take in a business program before managerial accounting.
I'm using her videos to study for my final and it helped a lot on my midterm. Her Financial Accounting vids cover everything my Accounting 101 textbook covers. And she's doing it better than my professor does.
I agree with the guy or girl below, they don't explain in this detail. I obviously am not trying to discourage you from going back to school but you do NOW have resources like this to reference with. I'm in 4th year in Accounting and REMEMBER, somewhere and someone is ALWAYS in need of accountants! Go to school!!!
What is up with the cameraman coughing and clearing his throught every 10 seconds? He shouldn't even be there. The camera is on a tripod, press record then walk away, dipshit.
Great videos!!!!
stffaluffagus 1 month ago
this camera man is annoying
fuckthegoverment100 2 months ago
Just finished all 10 videos. I took accounting over 20 years ago and these video's are a great refresher course and foundation for accounting. Thanks for the videos. Extremely helpful.
megaboomrang 4 months ago
Camera man must be getting antsy by this point...
Imagynuity 5 months ago
Revenue is a asset / owners activity ?
monareddy277 8 months ago
This has been flagged as spam show
@monareddy277 Revenue is a revenue account. Revenue ultimately gets included in retained earnings which is part of owners equity or shareholders equity. The types of accounts are assets, liabilities, equity, revenue, expenses, losses, gains and other comprehensive income. All accounts must fall within those.
iNinjaNotes 1 month ago
Revenue is a asset / owners activity ?
monareddy277 8 months ago
Thank you SOOOO MUCH!
ccaammo9 9 months ago
thanks so much for this, at least i can now have some hope in accounting this semester, thank you again and again and again
rasboom1 1 year ago
You can get a good T account tool from taccount.info. Will make your life easier. No more drawing the T accounts and having to add the debits and credits.
bashiraziz 1 year ago
thnx...its very helpful
adeebayaqoob21 1 year ago
Thanks Mam, really appreciate it
bluzbee11 1 year ago
I actually find accounting, because of your presentation, interesting!
zhenminliu 1 year ago
Thank you very much, very helpfull
icebeating 1 year ago
SusanCrosson = God?
joemols 1 year ago
Many many thanks Susan
rtsantosh 1 year ago
Susan, i love you. thank you sooo incredibly much! is there anyway that i could reach you if i have anymore issues with my acct class?
ariandnejad 2 years ago
Very clear and concise explanation of basic accounting . These videos are a great teaching tool for anyone interested in learning accounting.
justjenn100 2 years ago
my site is all about accounting the address is
all about accounting (dot) t35 (dot) com
r0gu3trad3r 2 years ago
thank you
KaroBarca7 2 years ago
Can someone explain me this: I buy apples for 100 in cash to make jams for sale - Dt Supplies Ct Cash.
I use all apples - Dt Expenses Ct Supplies....what about jams? how do i enter them if there is no corresponding account? It's only stock to Dt? Or are there two types of supplies - ones being a part of final product and others being just used to make a product but they are gone, like spoon i used to mix jam and had to bin it as it has damaged? I am confused now.
hootini88 2 years ago
You do not dr all these apples use to expense, since they're not consumed/dissappeared, you're only turning these apples/supplies/ingredients into jam as inventories ready for sale.
DR Inventory CR Supplies
sylvial1985 2 years ago 4
:) that was what i had found out but thank you for reply. Just one more question for you: Lets say i sold all the jams for 200, than my posting to journals are:
Dr Cost of Sales Cr Stock(inventory you call it) by 100
and
Dr Accounts Receivable Cr Revenue buy 200
Am i right? Susan is a very good teacher and her lactures helped me a lot but still i would have so many questions so hopefuly i do not bother you too much :) Cheers
hootini88 2 years ago
susan... how do u say ... i love u in accounting language? i spent 3 weeks in my accounting class n i learn nothing more than the few voc words because my professor isnt the best at teaching.. i learn more in ur 10 min vid than the 3 weeks put together
sammyzheng 2 years ago
i cant believe i learned all these now
thank you so much Susan
xoxoxo
m9nalisaa 2 years ago
thank u ....u were a fantastic help, appreciate the support
passssionate 2 years ago
to whomever was asking...it's 2nd year university level financial accounting. it's usually the first accounting course you'll take in a business program before managerial accounting.
canadianhero 2 years ago
wonderful susan!doing a great job for us.thanks so much
lotosgdz 2 years ago
If i were in school, how advanced would i be if i am learning what this video is teaching?
unadorador23 2 years ago
I'm using her videos to study for my final and it helped a lot on my midterm. Her Financial Accounting vids cover everything my Accounting 101 textbook covers. And she's doing it better than my professor does.
TrueLoveWithin 2 years ago 13
@TrueLoveWithin Yeah, this my first time watching her and I like her better!
TrueW0man247 7 months ago in playlist Accounting playlist
I agree with the guy or girl below, they don't explain in this detail. I obviously am not trying to discourage you from going back to school but you do NOW have resources like this to reference with. I'm in 4th year in Accounting and REMEMBER, somewhere and someone is ALWAYS in need of accountants! Go to school!!!
raskamas 2 years ago
Its fabulous work... Wasom
arijitglobal 2 years ago
I wish I was taught this way during my student years.... Thanks for your videos.
premzones 3 years ago
Wonderful presentation, increased my grasp of the subject. You are doing a great service to all the students of Accounting/Managerial Accounting.
remusnahor1980 3 years ago 2
What is up with the cameraman coughing and clearing his throught every 10 seconds? He shouldn't even be there. The camera is on a tripod, press record then walk away, dipshit.
5150dallan 3 years ago
thanks! awesome video!!!!!!!!!!
arz930 3 years ago
Thank you so much Susan for your videos :-).
nivak69 3 years ago
If you won't mind I am going to present this to my class to get them to see how easy can accounting be. Thank you
adamkk1 3 years ago
please keep posting helpful stuff like this, she has got lot of knowledge. thanks
diazsinghh 3 years ago
this made a lot more sense to me now. thanks so much.
express21 3 years ago
thanx
bicorock 3 years ago
I like the presentation very much and cleared lots of things with regards to the entries. thanks from hadjii
hadjiic 4 years ago