32 Things Every Accountant Must Know to Succeed

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In this video I share 32 things you should know about Accounting. These core concepts and definitions are key to understanding how Accounting works.

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⏱️TIMESTAMPS
00:00 - Intro
00:17 - 1. Financial Accounting
Video:    • ACCOUNTING BASICS: a Guide to (Almost...  
00:57 - 2. Single-Entry Accounting Method
Video:    • How To Start Bookkeeping (FREE Template)  
01:24 - 3. Double-Entry Accounting Method
Video:    • Double-Entry Accounting: a 2 Minute T...  
01:47 - 4. Accounting Equation
Video:    • The ACCOUNTING EQUATION For BEGINNERS  
02:03 - 5. Assets
Video:    • What are Assets? (Let's Break Them Down)  
02:22 - 6. Liabilities
Video:    • What Are Liabilities? (SIMPLE Explana...  
02:45 - 7. Equity = Net Assets
Video:    • What Does Equity ACTUALLY Mean?  
03:15 - 8. What is Equity made up of?
Video:    • What Does Equity ACTUALLY Mean?  
03:32 - 9. Retained Earnings
Video: Coming soon!
03:56 - 10. Withdrawals
Video: Coming soon!
04:11 - 11. Profit
Video:    • The INCOME STATEMENT for BEGINNERS  
04:29 - 12. Revenue
Video:    • The INCOME STATEMENT for BEGINNERS  
04:38 - 13. Expenses
Video:    • The INCOME STATEMENT for BEGINNERS  
04:49 - 14. Expanded Accounting Equation
Video:    • The KEY to Understanding Financial St...  
05:05 - Cheat Sheets and Practice Questions
Cheat Sheets: https://accountingstuff.com/shop
Practice Questions: https://accountingstuff.com/practice-...
05:26 - 15. Debits and Credits
Video:    • ACCOUNTING BASICS: Debits and Credits...  
06:36 - 16. DEALER
Video:    • DEALER: The Number 1 HACK for Debits ...  
07:09 - 17. Debits and Credits aren't backward
Video:    • Why Debits and Credits AREN'T Backwards  
08:06 - 18. Cash Method vs Accrual Method of Accounting
Video:    • Accrual Accounting: How it Works & Wh...  
08:56 - 19. GAAP vs IFRS
Video: Coming soon!
09:15 - 20. Revenue Recognition Principle
Video:    • Revenue Recognition Principle in TWO ...  
09:40 - 21. Matching Principle
Video: Coming soon!
10:04 - 22. Journal Entries
Video:    • How JOURNAL ENTRIES Work (in Accounting)  
10:44 - 23. Accounts
Video:    • T Accounts Explained SIMPLY (With 5 E...  
11:05 - 24. General Ledger
Video:    • GENERAL LEDGER: Visual Guide to Posti...  
11:24 - 25. Chart of Accounts
Video: Coming soon!
11:49 - 26. Trial Balance
Video:    • The TRIAL BALANCE Explained (Full Exa...  
12:10 - 27. Adjusting Entries
Video:    • Prepayments and Accruals | Adjusting ...  
12:35 - 28. Financial Statements
Video:    • FINANCIAL STATEMENTS: all the basics ...  
12:56 - 29. Balance Sheet
Video:    • The BALANCE SHEET for BEGINNERS (Full...  
13:31 - 30. Income Statement
Video:    • The INCOME STATEMENT for BEGINNERS  
14:05 - 31. Link between the Income Statement and the Balance Sheet
Video:    • The KEY to Understanding Financial St...  
14:40 - 32. Cash Flow Statement
Video:    • The CASH FLOW STATEMENT for BEGINNERS  
15:22 - Outro

🔎FAQ
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