Accounting Basics 1- Where did Accounting Come From?

[anusreej1]

Wot a nice handwriting ! Am better :P

[salmanje]

Yes, She does have a Right Arm watch carefully with working pair of eyes if you got em' at 1min:11sec :)

She is indeed a Great Teacher, thanks for the videos!

[TheAbridgedBook]

Excellent presentation. I am a nurse currently enrolled in the MBA program. Hence, before I embark in those classes around March in 2012, I want to start sharpening the saw to start by learning the language. Thanks for your efforts, this information means a lot to me.

[pf367]

sry the suffering succatash just made me laugh

[pf367]

hahahaha



[YaSsiXaD]

Thank you very much, at least it make sense now

[MypescpeTV]

Love the information thank you for posting!

[LondonFairytale]

think i should send the link of your videos to my accounting prof.. he definitely needs them!

[markyWWE234]

i want to learn basic accounting to be use in the field of job

[keithalegre13]

Thank you so much, Im an Business Administration Student and beacause of those videos i decided to major in Financial Management.. Thank you so much.. :))

[lordcrapsalot]

thank you so so so so so much. you dont know how much easier you made my life. not i have something besides the textbook. you are truely a teacher.

[MypescpeTV]

Not a big fan of crunching all these numbers, but this kind of helps.

[jamaal2007]

This was actually really help full. Thank you

[ramonesfreak2010]

Thumbs up if you go to Montgomery College!

[ramonesfreak2010]

Thumbs up if you go to Montgomery College!

[noelgomesmaster]

why does this video have soooo many views ??

[getogatocat]

@noelgomesmaster Cause not everyone's good at accounting and people linked this to friends who needed help and they did the same. Some learn best by certain methods like being talked to and having things broken down in certain ways. Not all like putting their nose in a book

[noelgomesmaster]

@getogatocat Agree! im one of them but still, 250,000 ??? WOOT !!

[Dnae206]

YOU ARE GREAT!!!! PLEASE KEEP MAKING VIDEOS TILL DEC 14, THATS WHEN MY SEMESTER OF SCHOOL ( AND TAKING ACCOUNTING) WILL BE OVER LOL

[Devon0130]

Mrs. Susan, you are a great instructor, this will run Quick Books out of business. Your teachings are clear and concise. The humility that you grasp from the presentations are a plus as well. We have searched numerous accounting methods, library searches,etc, but this is a full break down in depthness of accounting. Some companies jump right in to the intensiveness of this subject, but you begin from the start, and take the student through slowly, and patiently, as if you were in our shoes thanx

[jeffdominac]

I love the way she teaches.... Awesome

[Link761]

does anyone know if she has a right arm?

[dsadsa007]

@Link761 no no she doesnt !!

[mrsjazzybaby1]

This woman is a great teacher, im taking up accounting, and i hope my teacher is like her.

[aprbookkeeping]

A good Bookkeeper provides financial reports from the information that you provide and comprehensive analysis (in terms everyone can understand) of those reports. Cash flows are prepared regularly and monitored to ensure your business will not be cash poor. Our financial packages allow you the business owner to make informed business decisions in regard to growth and sustainability of your business.

[ainokainen]

I really like your teaching style. It is very clear and makes accounting seem interesting.

[leftwithoutsoul]

she spits when she talks

[Vivs1988]

Hey nice video. 1 question : Do the people who brought and took those assets and sold them, also have a part in the owners equity?????

[Esra74]

You are brill !!!!!!!!!! Thanks so much x

[Zeeeloo]

THanks A Lottttttttttttttttttt

[sookyee100]

THANK U!!! i love u for explaining all these! i m a science student who is doing a business degree (sem1)...accounting is vy much needed!

[arshadsalekhana]

thanks a lot\excellnt lecture and ideas./i imperss and jealous (joke) ///i like ur concept

[ilovehiphop155]

LOOK AT THAT SAILBOAT. DAMN SHE SHOULD BE AN ARTIST.

[nicecream44]

Great!

[religion]

Is it weird I want this lady to say suffering succatash?

[candysevenstarz]

great way to bring accross ur point... i loved it... thanks

[maximilianoxam]

i cant help but notice that she write good with her left hand x.X

[AaronOlsen1985]

You should watch "Accounting Puppets" they crack me up 

[muffy1003]

I have math anxiety and struggled in my first accounting class - these videos have helped me much than the intructor I'm paying for in my college course.

[delphi6666]

Susan, you are supreme! Thanks for your gracious and wholehearted coaching.

[Peter20112011]

Wait to see some of the old classmates on Monday, can you tell me what they are learning now?

[verymadmama32]

interesting that accounting equation invented because of a ship! thanks for the lecture susan! u r great!

[codelyokoblue]

Does anyone know what website I can go to too find free accounting or bookkeeping lessons close to my area?

[Jeme1207]

Ok I guess we all start somewhere but this presentation is too long and too Bert & Ernie to be taken seriously. Not practical! The balance sheet can be taught in one minute if you have someone who passed Algebra 1 in HS.

[newcomer9747]

Ouch the sound of writing

[33qwertyuiop33]

the middle ages and the renaissance are different.

[condor797]

Im going back to college soon and I want to acquire a double major in accounting and something else but I am not sure what. What would be a good 2nd major to accompany my accounting degree? I was leaning toward mathematics or economics. Any suggestions?

[Koreanguy82]

@condor797

Economics will give you a feel for other fields, like sociology, psychology, etc; Mathematics will make you think obsessively hard over problems with few real world applications.

[jerseyboycamd]

China

[zubaidi47]

It's amazing lessons but the quality of the video and the sound. is aweful so please fix this promblems because it's really it's helpful

[Intang31]

Thank you so much Susan. I had watched this video over and over. GBU.

[Toohottorot]

i kinda want her to say "suffering succatash!"

[thoughtpoet82]

@Toohottorot LOL!!!!!!! Its funny, but its not nice! Bahahahahahahahaaaa!

[SteaItheR]

@Toohottorot LMFAO!!

[snyore]

@Toohottorot PLEASE SUSAN SAY IT JUST ONCE! "suffering succatash!" LOOOOL!!!!!

[lovejah100]

LMAO...i thought it was a bad mic

[silentbl00d]

@Toohottorot heheheahahahahaahaha!!! i knew that the top comment was goin to be bout her voice before i even scrolled down, like something bout a lisp but yours was epic gj

[Jabartanha]

Is she a lecturer???

[AmericanCritiquer]

@Jabartanha I think she's a professor at SFCC

[Jabartanha]

Great lecture,

tnx :)

[rlawhdgus52]

I have a question. Why would someone choose liabilities instead of owners equity if they know its better to invest and have stocks on equity? Wont they all invest their money on "Common stock"? -Thank You-

[f007scott]

@rlawhdgus52 There are pros and cons to both debt vs equity. Debt (or bonds) are short term and equity (stock) is long term. Usually, the roi is less for stocks in the short run. Also, entrepreneurs can feel uneasy about issuing stock because there is no guarantee they can buy it back at a reasonable rate and if enough stock is issued they may lose control. It is similar to renting v.s. buying. If you are living in a house short term its better to rent(loaning a house) vs buy(equity in the hous

[mikeit528]

@rlawhdgus52 because its a bigger risk to buy stock (common equity) then it is to invest in a company (liabilities).

[aib536pk]

Great concepts

[sonigirlrockin]

UR AWESOME!!!!!!! Susan thank u so much

[ETCetera226]

very well explained, but i do not like the static that is coming from the lady's microphone...

[ADubbFromDaH]

very good.

[ultimateaccounting]

Very straight forward explanation.

[ultimateaccounting]

Very straightforward.

[udvottunlimited]

helpful Video !

[TaeChanvit]

lovely explanation. 

[zapholynun]

I like the picture of the boat...I always draw a fish on accounting ledgers...

[Mayank5928]

Good work....

[amdo2008dragon]

kudos , mind blowinmg best definition , i have ever got for accounting equation and definition . where r ur other vidz , im joining ur accounts class . im sure i will pass first time.

[disheartedheart]

Watch "Population Reduction" by Dr. Rima. Cross reference Keith Olbermann and Habeas Corpus and watch your Bill of Rights thrown out the window. Look into the U.S. Spy Bill -HR6304. Watch HBO's Hacking Democracy and look into the continuous vote fraud through Black Box Voting dot org Watch "National Security Alert" Watch Richard Gage's Presentation at the Manatoba University. Watch "Fall of the Republic" Watch Hyperinflation videos by inflation.us. I'll be at "The Tea Party Truther"

[worriedZ]

maybe she has a speech impediment called a "lisp". Or at least the sound quality makes it seem so.

[AngeloZ1]

I don't get something here. When these explorers got back, their liabilities could NOT be worth less than the assets they got or else it would be a loss for the source that gave them the resources. But then again, what is the use of the explorers paying back the SAME amount of assets in liabilities because there is no win or loss.

It would be like, you give me $100 now, and I'll pay you back 80 later. Or in the case where 100 would be paid back, are there any external profits besides balancing?

[1sacredmountain]

susan it was great to honor you at the SF Hilton AAA function Best Wishes and Many Continued Blessings! You made my day! Micelle Reddington, Banquets SF CA

[hamacha300]

thax soooo much,,,=)) your student from Egypt

[dankfrank10]

should i become an accountant



[95in3rd]

@dankfrank10 no



[SeriesOfFinalFantasy]

She's left handed!!

[AtamaOualet]

SUSAN YOU SAVED MY ACADEMIC CAREER AND FUTURE!!!!!

[roo7allah]

10x alot mam susan ! u r like a mother figure for me

God Bless you !

Blessings from Accounting Student from Paakistaan !

[mannheri]

Awesome. Thanks for sharing. Wonderful lectures.

[roshandairy]

audio is terrible .... tfs

[KATARIPE]

@roshandairy

thanks for your effort to share your knowledge. give some attention on audio quality

[gwasny]

Hey Susan. your videos are excellent. Thanks for sharing your expertise.

[whiteliketar]

Sweet! really great info but the audio is not good. She is definitely a good teacher no doubt.

[melmabazza]

middle ages and renaissance are different!

[azzubhaiya]

teacher is intelligent and sexy

[Gregj21]

Thank god for you Susan Crosson yes I now think I can past my accounting class

[saleemambalath]

Good for beginner......Thank you very much

[jc3mer]

fuck up bitch

[Hustle256Man]

Wow thanks. I have a teacher who spent 2 hours on this and I didnt understand it and you do this in 4 min and I get it.

[happy0dude]

Thanks!!

[FusionAccountsOnline]

Fusion Accounts offers an easy solution to doing accounting online anywhere, anytime. Search for "fusion accounts"

[FusionAccountsOnline]

Accounting just got a whole lot easier! Search for "fusion accounts".

[zhenminliu]

This is a great introduction to basic accounting concepts. As a non-accountant, I find it helpful for me in understanding the financial situation of my company. It also makes me sound really knowledgeable in front of the accounting folks. I believe you know a lot about accounting, that's why you can explain so clearly.Thank you.

[aamygee]

i am doing business and i want to do accounting for manufacturing business , i have knowledge of accouning btt feel much difficuty to make p&l for a manufacturing company any body helps?

[mysticwonder1]

@aamygee

I am available for you. have done about all manufacturing accountancy related measures. I am Fully available to corporate you. You can contact me.

[downstube]

Thank you, watched all 7 0f 7, and found it a great introduction to the material. Exactly what I was looking for.

Please continue to make more accounting basics vids. The part I found most useful is that you fully explain the terminology. You worded those definitions in a way that I could understand. Thanks!

[Liaquat4Ali]

Susan is a awesome teacher.

[MrPeyong]

I am not an accountant, nor a student of it but i want to learn because of a friends small business I am employed. at last I found a very good tutorials, very clear thanks you may God bless your heart. You are a big help to people like me.

[midnightclub68]

People you should have some respect for what the teacher is practicing or providing useful information without a fee anyways.

[jarvis7080]

I'm taking accounting right now, it boring and dull but it's good to know, I don't trust other people with my money.

[prusho90]

muahx!

[KB77Group1]

that good !

[stephenouma]

Thanks for the free lessons.

[theboombody]

Hey, this was fun. It's like part 1 of the Money as Debt movie that shows how the goldsmith became a banker.

[aufdieinsel]

This woman is good!

[AlexDoub1eU]

how come when i took accounting in school, it sounded so confusing?

[flinagin]

Because most teachers aren't very good....teachers...lol, silly really.

[tcl2you]

probably because you care more about it now

[JOHNNIEL1]

Now I can understand why you drop out of school,don't work,sell drugs,steal,beat your women,neglect your children,don't vote,drain the welfare system,over crowd the prison system,exploit affirmative action,collect food stamps but somehow top all American ethnic groups in obesity, insist rap is music,believe OJ is innocent,wear your pants around your knees,refer to on another as nigger,believe the Feds created crack to feed to the blacks and the one that really annoys me pronounce ask as "axe".

[ReplacingBox]

CIA created crack, it's a fact

[Quannah07]

White people are all crooks?

Siphoning off of people they're stealing from along never paying them back!

[MPWrecked17]

You're a dolt. You come to an accounting video to talk shit about white people? Sorry we are smart enough to make money legitimately rather then killing, stealing and selling drugs. And even when we sell drugs, we don't mix it Windex.

Get educated, it's no one else's fault if you let someone "siphon" or steal your money but your own. I'd of thought someone who was smart enough to correctly spell siphon would have more of an understanding.. Maybe you used a thesaurus (that is not a dinosaur)

[downstube]

loling at the truth.

[javisanch9]

I like the part at 3.45" when she said maybe it returns..

[Dhanediesil]

Thanks!!! Very insightful. Your drawing finally makes the equation make sense.

[PepsiPope]

Sound quality is awful.

[p0pcorn72]

@PepsiPope it might just be the way she talks :o

[seuin6]

@PepsiPope Agreed that "scratchyness" of her cheap microphone probably did permanent damage to my ears lol *joking* pretty bad though.

[laurentius88]

Yes, this is great and you seem like a good teacher - but pleeeaase do something about the sound!

[thomas271104]

thanks this is very useful. Sound quality sucks though : /

[101assets]

Need accounting tutorial? from Philippines only. pm me.

[kaaam100]

please anyone that u know helpful for bills of exchange

[amarcosdurock2009]

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

[Elmerfudge641]

Also for anyone else when she says stockholders equity here is what she means.

Owners equity is everything the owner of a company owns outright such as profits from the business etc. However in a corporation owners of the business are people who buy stocks in the company and that is where the term stockholders equity comes from.

[paulusmanus]

Thanks Susan!!

For my fellow students IBMS I have made a website which also has all the explanations listed, answers to the problems and trial exams on it. Great to help you understand Accounting,

DO NOT USE IT TO VIOLATE THE RULES OF SCHOOL. paul kaspersma dottie commie

[c3llfish]

isnt what shes refering to as to "Owners Equity" what we call Capital?? The amount of the resources supplied by the owner = Capital.

[Elmerfudge641]

Owners equity is more commonly referred to as "what is left". Your assets are what you own the liabialities are what you owe to creditors or someone else and the owners equity in a sense is what you have leftover (profit etc.)

assets= Liabilities+Owners equity

so assets-liabilties=owners equity

therefore if you have:

$1,000 (A)- $500(L)= $500 profit or owners equity which is what you own outright.

[c3llfish]

Thank you.

[Elmerfudge641]

Glad i could help.

[Mrantonyabhi]

Excellent Presentation !!!! Keep up the good work...

[nickl82886]

Good to know.

[vampySARAH]

WOOOOOW really awsome video !! keeeeep going XD

[zirokl]

Thank you! Realy helpful.

[777Ashe777]

Thank you so much for this...I actually get the equation now. I slept through most of my course so I'm trying to self teach myself now.

[JUGNU4]

hey teacher plzz i want to learn about BILLS OF EXCHANGE can u give the link of that lectur or upload it

[cybermian]

i think u lot need to fix yur sound systems, cuz i can hear her very clearly. God Bless u Susan.

[MrQumber]

Thanx Susan it's really cooL nd really appreciate it !!!

[chrischrischris68]

Thank you for helping me get an A on my Financial Accounting class. My teacher did not help at all !!

[hafasky]

Hi

Truly you are a good accounting teacher. But i would be very much indebted if you kindly fix the audio problem. It sound awfully bad.

[hevermind]

this video is good except for the GOD AWFUL AUDIO. DEAR GOD WOMAN IT SOUNDS LIKE YOU ARE CHEWING ON THE MIC.

[Liaquat4Ali]

@hevermind Susan is providing this information for FREE. Please have some respect for the generosity of this great teacher and human being. Yes the sound has been an issue with Susan's videos, but the complain could have been worded differently.

[carywat]

@hevermind Make your own lecture series for the people at no charge instead of bashing on those who take the time to do so.

[linnixcore]

@hevermind LOL tell me about it.

[collegeswagg]

now imagine her saying.:::sukker and sukkatash

[EYLive]

lol

[Galaxy475]

this helps... thx!

[alusnova]

susan will u marry me?

[zebfras]

That was Relly Great!

[zebfras]

That was bad ass, what a pleasant lady.

Thank U!!

[mattsphagetti]

Thank you for posting this...very good!

[haseebahmed142]

hey its very good i like it

[dannijabara]

I cant believe such a small factor (sound) can actually have such a big impact on you.

You People that are letting this very minor issue disturb you have a lot to overcome.

[piradipa]

this is really good

[CWardDHC09]

hey this is great stuff. its good to see people are willing to help out others like this. im sure i speak for many others when i say Thank You Very Much.

[playingdumb21]

I find this video very useful.. hope ms. crosson will continue sharing her knowledge in accounting.. thumbs up.. ^_^

[crackthebugs]

Maybe this video is good but i dont want to watch it in such bad quality.

[dannijabara]

grow some man balls... or be silenced