32 Things You Should Know as an Accountant

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com In this video I share 32 things you should know about Accounting. These core concepts and definitions are key to understanding how Accounting works. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:17 - 1. Financial Accounting Video:    • ACCOUNTING BASICS: a Guide to (Almost) Eve...   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: Explained in (Alm...   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 Explanation)   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 Statements   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 Expl...   06:36 - 16. DEALER Video:    • DEALER: The Number 1 HACK for Debits & Cre...   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 & Why it'...   08:56 - 19. GAAP vs IFRS Video: Coming soon! 09:15 - 20. Revenue Recognition Principle Video:    • Revenue Recognition Principle in TWO MINUTES!   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 Examples)   11:05 - 24. General Ledger Video:    • GENERAL LEDGER: Visual Guide to Posting Jo...   11:24 - 25. Chart of Accounts Video: Coming soon! 11:49 - 26. Trial Balance Video:    • The TRIAL BALANCE Explained (Full Example!)   12:10 - 27. Adjusting Entries Video:    • Prepayments and Accruals | Adjusting Entries   12:35 - 28. Financial Statements Video:    • FINANCIAL STATEMENTS: all the basics in 8 ...   12:56 - 29. Balance Sheet Video:    • The BALANCE SHEET for BEGINNERS (Full Exam...   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 Statements   14:40 - 32. Cash Flow Statement Video:    • The CASH FLOW STATEMENT for BEGINNERS   15:22 - Outro 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist →    • ACCOUNTING BASICS for Beginners (Whole Pla...   🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mf... ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram →   / accountingstuff   ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / thisisaccountingstuff   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff