Accounting Basics 6-Expanded Accounting Equation

Financial Accounting ACG2021 Spring 2008 SFCC Chapter 1 Crosson

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good work ....keep it up

You Are Awesome.

Excellent

this is the first time i am writing a comment on a video. after watching susan i once again fell in love with my old accounting. thank you susan.....

Susan: Lesson 6, and I am still here. You know this is the best lesson so far--it has cleared up a nagging doubt I've had for many years: the relationship between the balance sheet and the income statement. You are one of a kind teacher! A great communicator. Thanks again. Zhenmin

This is amazing.. such good teachers are also there with us. I would request all good teachers to make videos of their lectures and post them on Youtube. This is the best form of SOCIAL SERVICE they will do. After seeing 5 videos of Susan, i stopped midway while seeing the sixth one and 'am writing this comment. Great work Susan, Keep up the GOOD WORK !!!

wow!! this is so simple explanation and i understand it so well :) so nice!

She makes learning this stuff less intimidating... Thanks!!!

This is helping me out here. Thanks.

@hackingtime88 Because they will probably have a lot of liabilities to be paid off.

thanks love your tutorials :-)

Great...keep teaching in youtube ur awsome...ur even better then my tuturing program which the only thing their good for is getting ppl more confused..THANK YOU SOOO MC

because in accounting you need to show every details of the business, the more the details the better understanding of the accounts i.e, revenue, expenses, liabilities etc. its also easier for the tax man to understand.. or else he he will bite :)

why do we have to expand the equation? Cant we just leave it the way it is?

how come some companies with a steady income in some industries can function with a negative income statement?

When running a company, determining liabilities is probably the most difficult thing (no idea who's job that is... I guess it varies). Second is existing assets, or shareholder stock value/whatever, which could either be determined by a computer program that records every input or an inventory device (for the latter, say if you're running a small business).

Let me see if I understand your question: So you got debit and credit, right? Credit is essentially what you'll promise to pay and Debit is what you already have available to pay. So you're saying that you prepaid an expense - like rent to your landlord before the due date issued by them. And then he gives a bill that says 'expense'. I don't think it has anything to do with credit, unless you're promising to pay them later and that they feel confident you can pay them..

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

Thank you much...!!! It really has helped me. Great tutorial VDO posted by some one ever...!!!

Nice!

ang galing mo magturo! sana ikaw nalang professor ko... grabe ung prof ko sa accounting wzlang kwenta magturo basta na discuss niya tapos! walang tanong tanong...

how does this video have so many views??content might be good but video quality is so bad it literally painful to listen to

thx a lot

awesome ! thank you so much, very easy to understand

Thank you! It's crystal clear now.