Accounting Explained: The basic concepts you should know .com/watch?v=tRheS7PFikY

If you are just starting out as an accounting student or professional, check out this video where I lay out the basic concepts of accounting and walk through the 3 main financial statements. We will cover: The Income Statement The Balance Sheet The Cash Flow Statement Flow of data And more…. Free Download of My Balance Sheet Metrics Cheat Sheet: Get 30% off ($17) MY ONLINE COURSE ON FINANCIAL METRICS 📈 Use Coupon Code: FC30OFF ENJOY 2 FREE MONTHS OF SKILLSHARE 📚 Hang Out with me on social media: JOIN MY FACEBOOK GROUP HERE: 🙋🏼‍♂️ FOLLOW ME ON INSTAGRAM: 📸 DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!

32 thoughts on “Accounting Explained: The basic concepts you should know”

  1. Hello Bill, Thank you for all your videos which have been amazingly helpful.
    I’m starting my way up to accounting and just watched this video that covers so much of the ground and explains principles clearly. As I said, I am new and there is one thing I would love you to clarify for me please. So last part of video which is CASH FLOW statement, we start with Cash received from customers which is 30, 000. And my question is why at the end it says the Beginning Cach is 35, 000? Is it because you add 5,00 of outflow? Sorry for my misunderstanding. I would apprecieate a lot if someone could make it clear for me. Thank you for all your help!!!

  2. Hi Sir, watching your video from Cameroon. I just recently subscribed to your channel and I must admit you have an amazing content. I have learned a lot. Please can you do a video on the “Differences between the IFRS/IAS and GAAP”. Kindly consider topic. Thanks!

  3. I have been doing assistant management accounting positions for a while and then moved to a data analyst position for the last 5 years and lost some of the core principles of accounting..I have been watching your videos religiously to gain the fundamental knowledge back and start my ACCA exams and landed myself a management accountant job here in the UK..I just want to say you can hardly find a channel to explain things with clarity the way you do and I hope one day when I am qualified I will capture this niche market and do the same..keep uploading brother..I wish you nothing but more success!!

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