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Are Retained Earnings REALLY "Retained"? 3 Things That Confused Me As An Accountant

Frames Are Retained Earnings REALLY "Retained"? 3 Things That Confused Me As An Accountant

Description Are Retained Earnings REALLY "Retained"? 3 Things That Confused Me As An Accountant

Comments Are Retained Earnings REALLY "Retained"? 3 Things That Confused Me As An Accountant

No u r not wrong Ben U r bang on I saw many people, accounting experts in my life They were confused with this So there are many people in the world with this kind of predicament, yet they dont feel comfortable to express it Thank you so much U r just awesome God bless you 🙌 Comment from : Fun Masti

that's interesting that they didn't teach that in college cuz they certainly did where I was Just comes to show that if you are open-minded and humble enough to learn on the fly, you do not need to know everything in the moment! Thanks for this confidence Bill! Comment from : danorion

Pretty cool 🍻 Comment from : Miguel Verastegui

Confused with bank account statement want in more details why does bank record opposite Comment from : Neha Guntukwar

This is Amazing! Why is accounting not taught this way? Textbooks make it so confusing Thank you Comment from : InFullBloom

nice microphone Comment from : Michael W

Thanks Bill I too used to have same confusion on bank statement but it is cleared now Comment from : Sai Baba

Negative equity confuses me Comment from : GENIUS316

For me the third one been unclear, why unqualified report is clean report? brBank- for banker, I am lender, when I given money and bank should show credit balance(same we have for creditors) Since they owe mebrIf I am wrong correct me for bank Comment from : Vijay Rajashree

Same ting happened to me 😄 Comment from : Cefims Soas

Yeah the debits and credits in bank statements threw me off too lol Comment from : Mauricio Sueros

Thank you so much for this , I’m middle age man with middle of learning accounting as a brand new accounting learner ! brI feel awful most of the time since it gets very confusing, I know probably everyone is super smart with this stuff here but little things help me , even I read everyone’s comments and learn things ! Thank you all for being such nice people 😊 Comment from : Saviss Mahmoudi

I'm currently in my Undergrad, but in my first accounting class I remember my textbook saying the bank statement is from the banks perspective I can see how that could be confusing without the explanation Comment from : Jonathan Taylor

Good video Comment from : Chris Tuttle, CPA

Excellent video Comment from : YJ

Accrruals are confusing! Comment from : Fran Reyes

I like the mic and the green screen Modern and 👍 Comment from : Tina

What happens to accumulated depreciation year on year ? Comment from : Arpan Doshi

SubscribedbrThank youbrCan you please make a video on COGS effects in accounting ERP Comment from : Arpan Doshi

My Accounting professor has taught on why does bank statement shows credit amount when it the opposite in your book Your vide0s are good Comment from : R A

Please help me clarify what 'unappropriated retain earning' is ? brbrHow to analyze the health status of company that keep accumulating its net profit in 'unappropriated retain earning' for >5years, without approriating it? Comment from : Andri P

Fellow accountant here! Yes, I got taught the banking perspective Cr/Dr switcheroo at university when studying my accounting modules It was very subtle and could have been missed quite easily Comment from : alkerbix

I had same confusion about qualified and unqualified opinion 👍 Comment from : Curious mind

Please explain current tax in ias12 Comment from : omokunle samuel

I appreciate that there are answering out there to questions some of us aren't comfortable asking our managers Some make you feel really stupid for asking them Comment from : VPX4

oh my god why u put background music !!! educational content creator should really understand that there video's should be boring and quite as possible , it really distract me and i already have adhd imagine the pain Comment from : Nader

College is a scam Comment from : Justin carrizales

Notice how he said college didn’t teach me this Comment from : Justin carrizales

The first thing that confused me was start-up funding for the recording of capital and bankbrDebting bank was confusing because I was only thinking on investor side not the company side Comment from : Farhan Updiwely

Hi, I like your videos I've seen about 10 so far! br3 out of many confusing accounting things: br1 Accrued expenses vs prepaid expenses br2 Why AP gets added back to cash flow statementbr3 Diluted EPS vs EPSbrAwesome videos, keep it up! Comment from : Madeline

Retained earnings refers to that part of net profit which is not distributed in owners and kept in business to fund the growth plans of business Comment from : Himanshu Chaturvedi

Thanks for such a great content Can we have a brief explanation of manufacturing standard costs, how are they generated, and how often they need to be updated?brAlso, what advise do you have for new accounting managers? brbrBest Regards, Comment from : sdeeb81

Lol they act like they could not have just used words that made sense The bank credit and debit thing confused me too until my internship Instead of just being confusing they have millions of different words they can use haha Comment from : CC

Thanks for another great video clears a lot of things up Still have some question that maybe you could assist with,why is depreciation called a non-cash expense yet cash is paid out at the time of purchasing, how is this cash recovered? Comment from : D K

Thank you for sharing this! I have a quick question if you don't mind answering I'm starting in big 4 audit at the end of this summer, but due to visa limitations, I may need to return to school next fall (I have a BBA in Accounting & Information Systems and currently have completed 2/4 of the CPA exams) Would you recommend an MS in Finance, MS in Accounting, or MS in Business/Data Analytics? Thank you again for all you do! Comment from : Yohann Isaac

Another great video Thanks for covering these topics I am starting school this fall to get into accounting after a 14 year career in retail I hope to be a controller one day as well Excited for the journey and love learning as much as I have from your videos! Comment from : Brent Grotjahn

Hey do you give practical job practice here for accounting and finance so students are sure what to expect when they join an org to work Thanks :) Comment from : Zain

Great job Great reminder especially on the Unqualified and Qualified Audit opinion Comment from : Tranquil

Thanks 👍 Comment from : Hussein Mustafa

Learn to adjust your mentality brand avoid worrying your parents by sharing bryour stress with them brPractise filial piety by easing their minds and brtaking responsibility brfor your own karma and your lives Comment from : 张淑佳

Thank you for sharing your knowledge with us I have learned a lot and I am putting some tips into practice :) Comment from : Yosairys Richiez

Plz do a seperate video on the explanation of unqualified opinioni am still unclearsorry for thati like and watch ur videosi learned a lot from ur videos Comment from : shahid yar

Getting better and better 👍👍👍 Comment from : Karen Li

Thank you! Cool setup! Comment from : Pierre A

Can you explain proration and write offs in cost accounting? I finished the course and I still don't get it Comment from : Ramiz Abdulahad

i love ur videos, thanks for ur uplaods and efforts they are really appreciated Comment from : Gianluigi Moe

Great video Comment from : Gutter Food

Hi Bill! I really confused about buying fixed assets an amount of $50,000 paying $20 000 cash and balance issued a promissory note payable in 5 years and bearing 6percent interest Could you please explain all possible questions about this transaction thanks a lot Comment from : Manuel Quezon

First time i heard the term i was like : why the fuck do you want an unqualified opinion ? Whats your problem ? Comment from : NB Critical

Yes!! This is such a good video I have a multi-layer explanation to hopefully help people lock in this information There are always those little things in accounting that we just never bother to research and iron out in my head For the auditors out there, you lovely people brbr The qualified opinion contains a qualifier This one is tricky for a lot of people I always think of "but" statements when I hear qualified opinion "Your financial statements are a pure fiction and I have substantial doubt that your company is going to continue as a going concern" (I think a going concern is just a term they rolled forward from Ye Olde Lawbook) Just remember that but statements aren't clean ones Another pertinent linguistic relative: conditional love, conditional surrender Both of those are generally worse than the unconditional versions "I'm in love with an accountant, but their bookshelf only contains accounting textbooks" brbrThat's a qualified expression of love It isn't unconditional A more realistic scenario than the previous: "I like this accounting textbook's content, but they printed it in Comic Sans"brbrYour opinion of the book had to be qualified You liked the textbook, but the Comic Sans was a deal-breaker But statement When an opinion has a "but", it usually means that there are conditions brbrAnother business example Think of this in the context of a Shark Tank/Dragon's Den tv show:br"Your business is great, but this deal represents a larger risk than I am willing to take on Therefore, I am out (or they negotiate a less risky deal from the Shark/Dragon investor) brbrbrHopefully one of these is memorable to someone An unqualified opinion is one that doesn't need qualifiers Whether the "but" is implicit or explicitly written/stated, it makes the statement a qualified one Comment from : Bill Bopperton

Video about cost allocation, wbs in SAP will be highly appreciated, Bill Comment from : Rose Ballerine

What's the journal entry for P&L accounts clearing at the end of the year, please explain sir Comment from : Rajesh H

A video about erp integration would be nice if you have experience in new software implementation Comment from : Christian Coronado, CPA

A special post 1”🎉brbrThumbs up❤ Comment from : Alfred Hichkock

I like this guy Comment from : No Google

Thank you for sharing! 👏👏👏 Comment from : Financial Fastlane

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