Are you looking for the best YouTube channels to help you understand financial accounting, accounting, finance, cost accounting, managerial accounting, and accounting basics? If so, look no further. In this article, we have curated a list of the best YouTube channels to help you get a better understanding of these topics and take your knowledge in these areas to the next level. Read on to find out more!
Financial accounting: Top Youtube Channels
Finance & Accounting Videos by Dr C
Finance & Accounting Videos by Dr C is a YouTube channel offering educational content on various topics in financial accounting. The channel covers a wide range of financial topics such as balance sheet preparation, income statement analysis, financial statement analysis, ratio analysis, cash flow statement analysis, process costing, job order costing, activity-based costing, and cost behavior. Watch the videos to get a better understanding of the components of financial accounting.
Accounting Instruction, Help, & How To
Accounting Instruction, Help, & How To is a YouTube channel providing instructional videos and helpful tutorials on financial accounting, managerial accounting, and other accounting topics by an experienced accounting professor. The channel offers in-depth explanations and step-by-step tutorials on accounting practice problems and CPA exam practice problems, as well as accounting test questions and preparation strategies for the CPA exam. helpful tips, and real-world accounting examples.
Farhat Lectures. The # 1 CPA & Accounting Courses
The Farhat Lectures YouTube channel is an excellent resource for anyone looking for financial accounting lectures. Professor Farhat provides high-quality educational content to help viewers understand topics related to the CPA exam, CPA review, CPA exam FAR, CPA exam AUD and CPA exam REG. His comprehensive lectures offer comprehensive explanations, which makes them great for studying and preparing for the CPA exam.
Edspira is an educational YouTube channel discussing topics related to accounting and finance, including financial accounting, managerial accounting, personal finance, taxation and business. It provides a comprehensive range of educational resources on these subjects, with a focus on helping learners gain understanding and improve their skills in accounting and finance. It is known to be an authoritative source of knowledge on these topics, making it the perfect guide to help anyone learn and understand the complexities of this field.
Tony Bell's YouTube channel is dedicated to providing helpful guidance and commentary on financial, managerial and business accounting, as well as accounting and statistics topics. Useful videos discuss topics such as how to read financial statements, use financial statements to assess performance, understand financial ratios and use business statistics to draw meaningful conclusions.
FOG Accountancy Tutorials
FOG Accountancy Tutorials is a YouTube channel that provides educational videos on topics related to financial accounting, financial reporting, financial management, management accounting, corporate reporting, and strategic management. It is an excellent resource for those wanting to brush up on their accounting knowledge.
UDDESHYA COMMERCE ACADEMY
Uddeshya Commerce Academy is an excellent YouTube channel for those studying for a Bachelor of Commerce degree in Odisha. It provides free resources for learning financial accounting, covering topics such as B.Com Honours, Commerce B.Com Odisha, BCom First Year, and B.Com First Year Syllabus 2022. With a combination of video tutorials, lectures, and best-in-class teaching material, Uddeshya Commerce Academy is one of the best YouTube channels for B.Com students and provides an ideal platform for B.Com First Year Online Classes. It is undoubtedly the best teacher on YouTube for those studying the B.Com program.
Mattfisher64 is a YouTube channel that specializes in financial and managerial accounting. It provides videos on principles of accounting, debits, credits, and other topics related to financial and managerial accounting. The channel is an invaluable resource for those looking for an accounting education, providing a wide range of accounting videos.
CWG for BCom
CWG for BCom is a YouTube channel dedicated to providing online classes for B.Com 1st year students focusing on topics such as Financial Accounting, Cost Accounting, Income Tax, Corporate Accounting, Business Law, Company Accounts and Business Statistics. It provides learners with quality educational resources to help them get a head start in their studies.
NotePirate YouTube channel provides helpful tutorials for students of financial and cost accounting as well as managerial and management accounting topics. It features great quality notes, financial advice and step-by-step guides to help users better understand the topics covered. NotePirate is the perfect resource for mastering complex topics in accounting!
The Patrick Lee YouTube channel is a great resource for those looking to learn more about various aspects of accounting. It includes lectures, videos and tutorials covering topics ranging from accounting 101 to advanced financial accounting principles and intermediate accounting. The channel is an invaluable resource for those wanting to know how to do accounting or to learn the principles of accounting.
OILAC - Accounting
Oilac - Accounting is a YouTube channel that shares helpful instructional videos on various topics related to financial accounting. It covers topics such as basic accounting, bookkeeping accounting online, journal entries, cost accounting, cost meaning, accounting coach, and more. For anyone looking to boost their accounting skills, Oilac - Accounting is a great learning resource.
The Accounting Student
The Accounting Student YouTube channel is a resource for those studying financial accounting. It covers topics ranging from accounting basics to public accounting, helping viewers learn both the fundamentals and complexities of accounting. It's a great resource for accounting majors, providing tips and advice on classes and career preparation. With tutorials and interactive content, it's an excellent way to understand the basics of accounting.
Prof. Elbarrad's YouTube channel is a place for those wishing to learn or better understand the basics of financial accounting. He covers topics from adjusting entries, bank reconciliations, inventory methods and petty cash, to acct 301 and accounting simplified. Whether you're just starting out, or already have some experience in the field, his channel is sure to have something that can help take your understanding of the basics of financial accounting to the next level.
Using Financial Accounting to Monitor Cash Flow
When it comes to financial management, proper tracking and monitoring of cash flow is essential for healthy business operations. Using financial accounting is the most accurate and reliable method for keeping tabs on cash flow. Financial accounting involves various accounting systems, financial analysis and reporting to identify, monitor, and analyze companies' cash inflows and outflows. With the right financial accounting system, companies are able to streamline their bookkeeping and financial management process while improving accuracy and transparency.
- The main benefit of using financial accounting to monitor cash flow is that it allows a business to accurately track the flow of money in and out of the business. Companies can determine the sources of their income, where the money is being spent, and the rate at which they are spending and earning. This is essential in understanding the financial health of their business and to keep their cash flow positive. Financial accounting also allows businesses to determine the profitability of their operations, as well as where improvements can be made to increase profitability.
- Financial accounting also helps businesses to plan for the future. Companies can use the data collected through their financial accounts to create projections of their finances and use it to explore various strategies for obtaining capital. Further, by monitoring cash flow, businesses can detect any potential problems and make corrective actions to ensure the continued health of the business. All of this helps businesses to better plan for and manage their finances in order to ensure their long-term success.
By using financial accounting systems to monitor cash flow, businesses can reap many benefits. Companies gain better insight into their financials while being able to effectively plan and manage their finances. This leads to more organized and transparent operations as well as more accurate financial reporting. Monitoring cash flow is essential for any business, and financial accounting is the most reliable and accurate way to go about it.
Types of Financial Accounting Transactions
Financial accounting is the interpretation, recording and summarizing of financial data related to the operations of a business. It is one of the most important aspects of any business as it enables owners to get insights on how their organization is performing. Transactions are the foundation of any financial accounting system, providing the basis on which all financial information is built. In this blog, we'll take a look at the three types of financial accounting transactions.
- The first type of financial accounting transactions are purchases and sales of goods and services. These types of transactions record activities like buying raw materials, hiring labor, engaging in services, or selling finished goods or services. All transactions recorded in this category impact a company’s bottom line.
- The second type of transactions are equity, or finance transactions. These are transactions that involve an organization's financing sources (receipt of funds like debt, stock sales, and grants) and the use of those funds (using debt to finance projects or purchases, buying or selling stocks, or making investments). Equity transactions have a direct effect on an organization's financial performance and bottom line.
- The third type of accounting transaction is asset and liability transactions. These cover all transactions that are related to the organization's assets and liabilities, such as capital purchases, loans, depreciation, and disposal of assets. All of these transactions must be recorded in the company’s books in order to accurately reflect their financial position.
Overall, understanding the different types of financial accounting transactions is essential to effectively manage a successful business. Armed with this knowledge, business owners can easily monitor their finance, track key performance metrics, and ensure that the overall financial position remains strong.
Strategies to Improve Financial Accounting Practices
Financial accounting is a crucial practice for companies and small businesses alike to understand their financial position and plan for future growth. It is important to ensure efficient, transparent and accurate management of financial information to help make sound decisions and ensure long-term success. In order to do this, here are some strategies to improve financial accounting practices:
- First, it is vital to ensure that all financial transactions are recorded properly. The recordings and transactions should be clear and consistent, in order to eliminate misunderstanding and errors. A company should also ensure that they are reviewing financial information in a timely manner. This helps identify any errors quickly and ensures transparency in the financial records.
- Second, it is essential to ensure that there is accurate reporting on the financial records. The reports should be specific and in accordance with the regulations set by the governing accounting body, in order to ensure that there are no discrepancies or misstatements in the financial reports. This can help prevent future issues with accuracy and efficiency.
- Finally, companies should ensure that there are adequate internal controls in place, to guarantee that the financial transactions are accurate and legitimate. Companies should also ensure that they are using the proper technology, to ensure accuracy and reduce manual errors. This can also help prevent financial fraud and embezzlement, by providing oversight of all transactions.
By implementing these strategies, companies and small businesses can improve their financial accounting practices and help ensure their financial success. It is important for companies to regularly review and test their financial accounting processes and ensure that they are effective and efficient. Doing so can help to identify any potential issues prior to them becoming a major issue.