ImmersiveAmbientModecolor: #e3dad7 (color 2)
Video Format : 22 (720p) openh264 ( https://github.com/cisco/openh264) mp4a.40.2 | 44100Hz
Audio Format: Opus - Normalized audio
PokeTubeEncryptID: 49217c55d2c22709aca80a2250be099132dfbd44bf7a56923cc605c12c0e1dedfa6da5a72874c564f0ab4128d076f994
Proxy : eu-proxy.poketube.fun - refresh the page to change the proxy location
Date : 1715682107923 - unknown on Apple WebKit
Mystery text : VllOVEJXQnFuY1UgaSAgbG92ICB1IGV1LXByb3h5LnBva2V0dWJlLmZ1bg==
143 : true
1,315,464 Views • Nov 12, 2019 • Click to toggle off description
New to Accounting? In this video I will introduce you to the world of accounting by telling you a story. This quick tutorial gives you an introduction to accounting and explains the concepts of income statement (Profit & Loss), balance sheet and the accounting equation (Assets = Liabilities + Equity).
⬇️ Download the practice file here: pages.xelplus.com/debit-credit-practice-file
You will also learn through examples what assets, liabilities and equity are. I will also introduce you to the concept of the T account. This is something that we will look into more detail in the Debits & Credits video.
Join 400,000+ professionals in our courses here 👉 link.xelplus.com/yt-d-all-courses
You will follow a day of an Italian beach business and see how this is reflected in two financial reports - although this is a simple example, it can be applied to more complex situations.
📊 What You'll Learn:
▪️ The essence of accounting and its role as the business language.
▪️ A practical scenario of running a business in Italy and the challenges involved.
▪️ The importance of systematic financial recording and analysis.
▪️ Key insights into financial statements like the Income Statement and Balance Sheet.
▪️ How daily business activities translate into accounting terms.
00:00 Financial Statements Explained
00:53 Claudio's Beach Business
02:13 Income Statement (which is Revenue - Expenses)
03:31 Balance Sheet
06:21 Claudio's Balance Sheets at different points in time
In the next video of our accounting basics series, we'll take a look at Debits & Credits and in the video after that will take a closer look at the balance sheet.
★ My Online Excel Courses ► www.xelplus.com/courses/
➡️ Join this channel to get access to perks: youtube.com/channel/UCJtUOos_MwJa_Ewii-R3cJA/join
👕☕ Get the Official XelPlus MERCH: xelplus.creator-spring.com/
🎓 Not sure which of my Excel courses fits best for you? Take the quiz: www.xelplus.com/course-quiz/
🎥 RESOURCES I recommend: www.xelplus.com/resources/
🚩Let’s connect on social:
Instagram: www.instagram.com/lgharani
LinkedIn: www.linkedin.com/company/xelplus
Note: This description contains affiliate links, which means at no additional cost to you, we will receive a small commission if you make a purchase using the links. This helps support the channel and allows us to continue to make videos like this. Thank you for your support!
#Accounting
Views : 1,315,464
Genre: Education
Date of upload: Nov 12, 2019 ^^
Rating : 4.969 (337/43,036 LTDR)
RYD date created : 2022-04-06T16:35:48.500909Z
See in json
YouTube Comments - 1,342 Comments
Top Comments of this video!! :3
As a person who's got a post-graduate degree in Finance and Accounting I must say that this is the easiest and clearest way I've ever had these concepts explained to me. I wish someone had explained me balance sheet in such an entertaining way back when I was a newbie. You really have a talent for teaching Leila! Keep up the great job. As an Italian, though, I can't help asking myself whether our friend Claudio holds a license to sell his stuff on the beach :P. Don't tell me please. Better not to know :)
136 |
I am a CPA, and I couldn't have given an easier to understand explanation myself. Thanks and I am looking forward to your next videos, both Accounting and Excel...Abe Azar
328 |
As an accountant I have to say you have distilled the essence of accounting very clearly and concisely here.👏
86 |
There is no accountant explained it on this simplified, professional way. Thank you.
11 |
Her voice makes me very relaxed I mean it as best possible compliment :)
231 |
Love the way you teach...
.
.
Teacher of the year..!
71 |
The whole series of Accounting will be a great hit as many are searching for a course which they can easily understand.
Thank you so much for creating this.
65 |
I randomly ran across this video but I enjoyed the entire video and the way she taught and explained the subject. I've taken classes before but it was a great refresher and I'd be interested in watching more videos like this one.
1 |
“The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.” - Robert Kiyosaki
89 |
I wish I could learn it this way, when I studied in college! Story telling is indeed the best way! Nice video once again, keep them coming! Thanks! :-)
56 |
i'm about to finnish my accounting class in the University and this, clearly explained and vissually appeling, would have saved me so many hours.
Expecting more topics for accounting
40 |
Love the way you started the introduction course with a story, make it more interesting:):)
5 |
THANK YOU SO MUCH. I was actually choosing subjects for my a levels and I couldn't find anything on what accounting WAS and this video helped a lot
3 |
I'm super glad you started this series
82 |
Wow...a bit surprise that you're now expanding scope to accounting area and that's just great indeed.
13 |
If you keep telling everything about accounting in such a soft and smooth tone, I am surely to overcome my Numbers anxeity. Thank you so much!
1 |
extremely helpful！Firstly my excel teacher and now my accounting teacher❤️
6 |
Wow, and in 9 minutes I have understood accounting basics. Thank you so much Leila
5 |
One of the simplest meaningful explanation on internet for basic accounting, Thank you so much, now I got the confidence of learn accounting
1 |
@LeilaGharani
4 years ago
:_leilaLightbulb: Challenge accepted? Download the practice file now and see how many journal entries you can ace 👉 pages.xelplus.com/debit-credit-practice-file
306 |