Why Owner’s Equity is Important (Capital Structure & Liquidity)

Check out this week’s video on Owner’s Equity! VIDEO SUMMARY So in last week’s video, we talked a lot about the Balance Sheet. I wanted to make a video specifically about Owner’s Equity. I feel like a lot of people focus most of their time on understanding assets and liabilities. But Owner’s Equity is just …

Why we use Debits and Credits (Balance Sheet)

Check out this weeks video! This is a really important topic I have been waiting to discuss! VIDEO SUMMARY This video will tell you why we use Debits and Credits Almost all accounting classes teach Debits and Credits through memorization. In all your accounting classes, you are going to learn different journal entries and the …

How Accounting Systems Work (Bookkeeping)

Check out my explanation of accounting systems! VIDEO SUMMARY We are going to talk about accounting systems, or what is generally called “bookkeeping.” Bookkeeping is the process of recording transactions in an accounting system. Now this is really important, because pretty much all accounting systems are based on the same process. So if you understand …

What is Accounting?

In this video I share my definition for accounting. Check it out! VIDEO SUMMARY What is accounting? This is an interesting question, because accounting is a broad field. You have tax accounting, managerial accounting, financial auditing. The question is whether there is a common description to describe the umbrella of accounting. Now I have made …

The ONE thing you MUST have to reach your goals (Fiscal Responsibility)

Check out this week’s video on Fiscal Responsibility. This is something a lot of people don’t talk about but is VERY important! VIDEO SUMMARY In the last video we talked about passion, and why it is important to your business. In this video we are going to talk about something that is equally as important, …

The ULTIMATE Business Model (Passion)

In this week’s video I talk about one of my favorite subjects, designing business models and explain the ULTIMATE business model. (hint: it has to do with Passion). Check it out below! VIDEO SUMMARY Something accountants do a lot of, is create business models. And a business model is basically how you structure your business …

My Finance Research

This is a quick description of some of the Financial Research I have been working on… VIDEO SUMMARY: So I just finished a video series on the Core Concepts of Finance. That was 42 videos talking about the main ideas in Finance. So I thought it would be fun make a video about my own …