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ProfAlldredge
United States
Registrace 3. 01. 2012
This channel is dedicated to helping lower division accounting students master the concepts of principles of accounting. The playlists are organized as follows:
1. Survey of Corporate Financial Accounting: This playlist primarily follows a one semester financial accounting course.
2. Principles of Managerial Accounting: This playlist primarily follows a one semester or one quarter managerial accounting course.
3. Financial Accounting for Sole-Proprietorships: This playlist primarily follows a two semester or two quarter accounting principles course.
Additionally, topics (or chapters) are divided into smaller playlists identified as parts, (Part 1, Part 2, etc...
The videos are free to use by students and faculty alike. For faculty, you are free to embed them in your college's LMS, however, I ask that you do not change the videos in any way.
1. Survey of Corporate Financial Accounting: This playlist primarily follows a one semester financial accounting course.
2. Principles of Managerial Accounting: This playlist primarily follows a one semester or one quarter managerial accounting course.
3. Financial Accounting for Sole-Proprietorships: This playlist primarily follows a two semester or two quarter accounting principles course.
Additionally, topics (or chapters) are divided into smaller playlists identified as parts, (Part 1, Part 2, etc...
The videos are free to use by students and faculty alike. For faculty, you are free to embed them in your college's LMS, however, I ask that you do not change the videos in any way.
Sir I want to invest in BPNG with 1,000
Thank you.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
This was very helpful, thanks!
Simple and clear
The interpretation of a "low ratio indicating credit policy is too loose" and a "high ratio indicating that credit is too tight" doesn't make sense. Please explain. Thank you.
Credit policy determines who will be allowed to buy on credit and who can’t. If our AR turnover ratio is low, that means it’s taking us a longer period of time to collect, and that’s probably because we’ve sold to some customers who we should not have. A credit policy is too loose. Our AR turnover is really high, we’re selling to well qualified buyers. If we loosen our credit policies a little bit, we will have more sales revenue.
Very Clear. Thank you.
As I understood, $6000 Salaries expense is an expense, and Debit to increased; whereas Salaries payable is a Liability, and credited it made it increased! Correct me if I am wrong, Sir. Appreciate very much your teaching!
Yes expense increases with a debt and liabilities increase with a credit. The salaries are a liability until they are paid.
It's crystal clear like blue diamond, Sir. Appreciate very much, and I hope I won't get D minus on the up coming test!
good info
I really enjoy your videos music and pop culture references, professor. (: They always make me chuckle.
Dear Professor Alldredge thank you so much for your teachings and your support. Your programs are amazing and very helpful.
Thanks Dr.
I sincerely don’t understand why your videos get so little likes, while some silly & unimportant videos on stupid subjects get millions of them. You guys do really important work. Thank you and greetings from Kazan, Russia!
Thank you!
Thank you so much for all of these short, but very useful videos! Very informative, you should continue making them. Really good!
Thank you. I’ve started re-making the script and graphics to get them updated and shorter. But it takes a long time
Unfortunately I have an accounting professor who needs to retire. You are a lifesaver, I have learned way more from your videos than I have in class.
It’s simple and clear thanks😊
Thanks for sharing
THANK YOU!!😭
1:36 *he meant to say 257, not 275*
Amazing! Thank you!
Brent Butt is a good accountant.
Hi Professor you explained well and easy to understand. Hope you also have a tutorial of xero and quickbooks. Thank you I am following your discussions online. Merc Lavina
Good evening. Could you help me, please? What's the definition of PIPELINE and ROADSIDE PRICE ??? I'm looking forward to an early reply !
The best
Why is petty cash a current asset
This is what I’ve been looking for 💯
This Video is so good. Thank you.
Thank you. Your video is linked in the Accounting 300 class I am taking and I appreciate your instruction. The book has errors and is a bit choppy, so thank you.
Could you please assist me with a question
Yep. Give me all the info tho.
@@ProfAlldredge could I email it to you
dave.Alldredge@slcc.edu
Your email sir ?👍
Dave.Alldredge@slcc.edu
*regarding FORESTRY industry, when companies replant as is mandated in some countries, is it still "an act of nature"?*
Depeche Mode is still recording?
Hi. "debt/equity ratio for financing" is it the same or something else?
If debits is money inflows,why is expense at debit side. Confused
You teach accounting very well, Sir. Thank you for this educational program,
Thanks
Hi Prof, what if the income summary is minus? How do we make the entry?
Very helpful and simple 👍🏼
What if the expenses interest is not given
Example should be based on real annual report
Is it more costly because as a company you would have to pay dividends? is it lower than debt interest? doesn't a company control how much they give for dividends? great video
Thank you for the clarity of what is explained in my textbook professor. Great video sir.
Sir your videos are extraordinary they helped me alot kindly share the link of basic financial accounting book
Jovann 🤞
For those who are asked to find "Ending Work-In-Process (WIP) Inventory Balance" and aren't given "Cost of Goods Manufactured (COGM)", it is basically the same process to calculate the needed values. To offer a problem that fits this situation: Wavy Company had a beginning work in process inventory balance of $32,600. During the year, $54,600 of direct materials was placed into production. Direct labor was $63,900, and indirect labor was $20,300. Manufacturing overhead is allocated at 140% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,500 were completed during the year. What is the ending work in process inventory balance? The process is similar to calculating "Total Manufacturing Costs (TMC)" which is determined by adding "Direct Labor (DL)", "Direct Materials (DM)", and "Actual Manufacturing Overhead (Act-MOH)". Instead, for this problem, we want to consider what has been recorded on the debit side of the "Work-in-Process (WIP) Inventory Account". For this problem, we will be adding "Direct Labor (DL)", "Direct Materials (DM)", and " Manufacturing Overhead (Alloc-MOH)". To do this, we must calculate the allocation value, which we determine by multiplying the "Predetermined Overhead Rate (POHR)" by "Direct Labor (DL)". Alloc-MOH = POHR x DL Alloc-MOH = 140% x $63,900 = $89,460 Then: TMC = DL + DM + Alloc-MOH TMC = $63,900 + $54,600 + $89,460 = $207,960 To complete the debit portion of the WIP T-Table, we will add the "Beginning Work-In-Process (WIP) Balance": $207,960 + $32,600 = $240,560 Next, even though we aren't given the "Cost of Goods Manufactured (COGM)" value, we do have the "Job Costing" value. This is, in essence, the same thing. If we consider what makes up COGM, that being direct labor, direct materials, and manufacturing overhead, we begin to realize that the sum of those costs equal the cost for the job. So, in this example, we can subtract the job cost from the debit side of the T-Table. Ending WIP Inventory = Debit - Credit Ending WIP Inventory = $240,560 - $225,500 = $15,060 debit For this example, we do not need to consider the Indirect Labor cost or the Actual Manufacturing Overhead cost.
Calculate COGM need to see that
You kind of sound like Wilson from House and I respect that