Better than all my masters-level profs, and my textbooks aren't close to as understandable. YOU THE BEST.
@Edspira
8 жыл бұрын
Thank you for the kind words!
@bushranahvi2263
7 жыл бұрын
I literally have my exam tomorrow and covered a considerable portion of syllabus by just going through your videos. Thank you for sharing. You're the best!
@tuyetmmail
8 жыл бұрын
These videos were helpful. Please don't stop making them.
@Edspira
8 жыл бұрын
+tuyet mai Thank you for the kind words! I plan to release some new videos very soon :) Best wishes
@sebastians2921
8 жыл бұрын
I understood everything within minutes! Saved me hours trying to comprehend my textbooks and online lecturer. I have an exam on Tuesday and you sir, are a life saver!
@tenacioustuna4753
5 жыл бұрын
I'm sorry but you've managed to make the most complicated lecture I'd ever been through, into the most simple calculation THANKS!
@jinyangdeng875
5 жыл бұрын
Nuanced explanation on direct materials variance analysis, includes the case where Actual Quantity (Purchased) != Actual Quantity (Consumed), where the calculation of Total Variance would not make sense.
@KARIMSLOVERS
4 жыл бұрын
You are absolutely correct! I noted this mistake!
@alexandraowens667
3 жыл бұрын
These videos are such a huge resource for me in my accounting courses! I stared at the same problems for hours and watched your videos on variances twice and was able to get it. You explain it so simply.
@Edspira
3 жыл бұрын
Thank you! I'm glad you're learning and hope you do well on your exams!
@Nicholas_Bonato
2 жыл бұрын
Don’t know why I’m paying so much for someone who teaches this in a way that is impossible to understand. You’re awesome! Thanks so much.
@Edspira
2 жыл бұрын
I appreciate that!
@aloa6173
5 жыл бұрын
Man! really thank you for these videos you're making. I'm an MBA student. I watch almost all your fantastic videos & I benefited alooooot of them. I like the rational and logic behind the way you explain concepts. Also, I always recommend your videos to my classmates cuz honestly speaking, for multiple times (if not all the times) your concise explanations are way better than what my respectful professor does in the class. Thank you again.
@CorporatePantsula
2 жыл бұрын
How is this content free?!!! Thank you so much. With love from South Africa!! You inspired me to work on becoming an Accountant.
@Edspira
2 жыл бұрын
I'm so happy to hear that! I hope you have a great career!
@diljursy1604
7 жыл бұрын
I wished I found this earlier, was studying for my exam tomorrow and this is by far the best explanation I have ever heard. YOU ARE AMAZING!
@Edspira
7 жыл бұрын
Thank you for the kind words. I hope you did well on your exam!
@mattconcordia1447
7 жыл бұрын
you're the fucking man... have a final tomorrow and this really cleared everything up. THANK YOU!!
@Edspira
7 жыл бұрын
Awesome! I hope you aced that exam. Take care and have a great summer!
@johnbouquet685
3 жыл бұрын
Studying for the CMA exam and you really brought this section home for me. thank you
@alexandraowens667
3 жыл бұрын
These videos are such a huge resource for me in my accounting courses! I stared at the same problems for hours and watched your videos on variances twice and was able to get it. You explain it so simply.
@ameeraasad747
2 жыл бұрын
Seriously these videos are saving my CMA exam. Thank you so much!!!
@ameeraasad747
2 жыл бұрын
Also, wish me luck!
@Edspira
2 жыл бұрын
Good luck! I hope you do outstanding!
@shannonblackburn9746
2 жыл бұрын
This video is excellent. Thank you for sharing, you have brilliant teaching skills and so easy to understand. This is helping me more than all my course information put together. Thank you!
@Edspira
2 жыл бұрын
Thank you for such kind words!
@jadelawar99
7 жыл бұрын
hello can you please drop a link for the sales mix variance im not able to find the video
@Edspira
7 жыл бұрын
Not sure I have produced that video, I'll try to get to it later this summer or fall
@kristinebuquiron9727
3 жыл бұрын
Thank you! I have my CPA exam this week and you just saved me so much time.
@Edspira
3 жыл бұрын
Best of luck!
@nastastiamorales2450
5 жыл бұрын
Thank you so much, none of my text books explain this clearly. This is very clear and easy to follow.
@samuelkwon5824
6 жыл бұрын
Better than my CPA review. Lol. Thank you!!!!
@NS-tz3nt
6 ай бұрын
Thank you for us .. my instructor prefers us to use formulas and I can’t remember them . I prefer this column way you’ve illustrated
@RangerXXT
2 жыл бұрын
hmmm my text book does this with 4 columns, we're missing our flexible budget between aqXsp and sqXsp
@daniaahsan4601
7 жыл бұрын
I wish I would have came across this earlier! I finally understand where I was going wrong. Thanks alot!
@despinasibley8379
3 жыл бұрын
You are beyond great, Thank you!
@Edspira
3 жыл бұрын
Wow, thank you!
@cassiesiasimuna722
3 жыл бұрын
Would appreciate if you changed the color of the paint next time. Otherwise loved your tutorial.
@portaltaker
2 жыл бұрын
Hi, I'm just wondering why it doesnt work when you do AP x SQ in the middle - why does it have to be AQ x SP?
@ziqzem7790
3 жыл бұрын
hi would the answer be in negative for price variance if its favourable, thank you in advance to whomever who replies to this comment
@tatendasithole2471
4 жыл бұрын
You're the best teacher I've ever heard🙌🏽
@chlorophyllarafolii5960
4 жыл бұрын
Thank youuu. Very well explained... 😊
@YMFINANCIAL
2 жыл бұрын
Legend 🙏🏾 thank u
@Edspira
2 жыл бұрын
Happy to help!
@omidalizada4577
3 жыл бұрын
Thank you sir! You are a good example of what humanity is.
@Edspira
3 жыл бұрын
Wow, thank you!
@vancouver19941
7 жыл бұрын
Thanks this really clarified my instructor's lecture
@Edspira
7 жыл бұрын
Excellent!
@Vish23514
9 жыл бұрын
can't thank you enough the video is great and content specific and to the point!!!
@highestversionofmyself1929
Жыл бұрын
YOU ARE AMAZING 🤧🤧🤧 LEARNED A LOT FROM YOU SIR!
@cw5948
9 жыл бұрын
Helpful video. Thanks.
@cynthiaakiotu9871
9 жыл бұрын
thanks..very straightforward and understanding.
@FC-sr3cl
4 жыл бұрын
I just paused the video halfway to say THANK YOU!
@Edspira
4 жыл бұрын
Thank you for the kind words my friend!
@gregcates8026
2 жыл бұрын
Thanks for the clarity
@deenathornton8904
2 жыл бұрын
Saving lives, one formula at a time!
@haremprotagonist3732
Жыл бұрын
Amazing video. Incredibly comprehensive. It's shocking to see how superior a KZitem video can be compared to college education.
@shafqatshah242
7 жыл бұрын
You have explained the Material Variance very well. Thanks alot for Such a useful video. I have a Question. Why Standard Price is used to calculate the Quantity Variance and why actual price is not used? Thanks in advance.
@Edspira
7 жыл бұрын
The actual price is affected by how good the purchasing manager is at getting a good deal from the supplier. Thus, we use the standard price in this case because we solely want to focus on determining how efficient the company was at using direct materials
@shafqatshah242
7 жыл бұрын
thanks alot for your kind reply.
@mmsea2962
8 жыл бұрын
solid concepts!!
@miafrancis4580
3 жыл бұрын
Great sessions... Even college classes were not close to this... Thanks for wonderful work & effort !1
@Edspira
3 жыл бұрын
Glad you like them!
@miafrancis4580
3 жыл бұрын
@@Edspira Keep up the good work !!
@gregdittman3974
8 жыл бұрын
THANK YOU
@deenathornton8904
2 жыл бұрын
Thanks!
@Edspira
2 жыл бұрын
Thank you so much for your support!
@kaseybui158
3 жыл бұрын
I talked to myself. I will learn 1 video at a time, but now I can’t stop watching your video. It’s interesting like watching favorite movies. Thank you so much.
@hankarber7280
3 жыл бұрын
My Dr. prof repeated the textbook made me feel like I am in nowhere. 15' clear me up. I am your big FAN. Thank you.
@tasbihaliaqat4062
6 жыл бұрын
Hi Sir, if we were to calculate the closing inventory value, what price/unit would we use? Standard or Actual?
@mbekele5
8 жыл бұрын
you are amazing my friend..
@Edspira
8 жыл бұрын
+mulugeta bekele Thank you!
@missandea8788
4 жыл бұрын
Hello sir, what if the question give us a beginning inventory? With a different price than the purchased materials, How do we determine the AQ and AP? Thank you in advance
@adilibrahim3849
8 жыл бұрын
Why we use (AP-SP)AQ to compute price variance instead of (AP-SP)SQ??
@taharadwan619
4 жыл бұрын
Thank you very much
@supaswaggerz1
2 жыл бұрын
Thank you for getting me through accounting. All of your videos are so informative and understandable. I graduate in 2 days and I cant explain over the years in business school how much they've really helped me. Sincerely, thank you.
@cindywise8777
2 жыл бұрын
Agreed! WAY better than anything I learned in class or from trying to 'teach' myself from the text. Thank you SO much!
@alanrussell3739
2 жыл бұрын
Nicely presented and explained, and so simple to understand! Thanks for taking the time to produce this video.
@tatendasithole2471
4 жыл бұрын
Where do you lecture?
@rachelwellman6010
4 жыл бұрын
Thank you for making this so simple! I have watched videos provided by my college and read textbook explanations but was so confused... until this video. Feel like a pro now! :)
@MakingmoveswithJohnnyJ
4 ай бұрын
great stuff
@ngqiqomatandabuzo
2 жыл бұрын
This man just covered my whole Standard Costing Lecture in less than an hour and 30 minutes that we take 2 weeks to study at my varsity and I have never been confident about standard costing as I have ever been since doing it for the past 4 years. Thank you very much Edspira
@issamelsayd
5 жыл бұрын
Thank you Sir
@connorbrown318
5 жыл бұрын
Just an FYI these videos helped immensely for my CPA; MY CPA! Thanks man!
@ilkeryesilkaya3168
8 жыл бұрын
Great Job. Thanx alot
@TheWaveism
6 жыл бұрын
Another terrific video. Thank you!!!!
@Edspira
6 жыл бұрын
Thanks Scott!
@raghad1442
3 жыл бұрын
You are a legend
@LAl-tl8ep
3 жыл бұрын
you are the best
@princemafunga6562
5 жыл бұрын
why do we use standard price instead of actual price in determining direct materials usage variance?
@lawalibrahim6277
7 жыл бұрын
thanks you helped me get an A
@steijndijk5671
5 жыл бұрын
Can the quantity variance also be identified as the direct material usage variance?
@nicoletalingea5261
4 жыл бұрын
The best👍
@emilialandashikomba8884
8 жыл бұрын
am from medical background but this make me understand better,thank u
@donhouston916
5 жыл бұрын
Is quantity variance the same as efficiency variance?
@staylow2692
6 жыл бұрын
can we use "adverse" rather than "unfavourable"?
@saral2270
7 жыл бұрын
You are amazing! thank you so much! very grateful!
@riyangeorge8584
6 жыл бұрын
Wow this is explained amazingly well. Thankyou!
@Ty-dc8mc
4 жыл бұрын
You are absolutely amazing! Thank you so much 😭
@waadragainassar4288
7 жыл бұрын
you are the best ❤keep going
@Edspira
7 жыл бұрын
Thank you!
@raindayang635
7 жыл бұрын
this is soooooo clear, just get over it in ten minutes...awesome:)
@kyliev3990
8 жыл бұрын
have you not made a video on return on assets? i cant find it
@nospiritanimalshere2529
4 жыл бұрын
Saviour!, great vids
@cebomgi9540
4 жыл бұрын
This guy is too damn good ,
@СуровцевИван-г6в
5 жыл бұрын
Thanks for your videos. I started watching your channel to improve my English and consider that it's very helpful. When I was studying this kind of analysis called chain substitution method. Maybe it's not accurate translation. Let me not agree with this video and ask you a question: why do you make calculations with 950? If company produce tables from year to year and they know how much it takes wood to make 1 table (8 pounds) so why did it was bought so much wood? I assure if firm specializes in wood manufacturing, they should keep some would in the stock for future orders. So if we perform variance analysis, we must analyze current expenses for production for certain period, i.e. how much wood, labor, etc. we spend to 105 tables (875 pounds). Surplus will be used later. If we calculate cash flow we use 950.
@KARIMSLOVERS
4 жыл бұрын
You are absolutely correct! I note this mistake!
@TheKatzKidz
5 жыл бұрын
Your videos are so EASY to comprehend! Thank you for using laymans terms and real language. At 9:24 I'm beginning to think of the woodchuck chucking wood! (how much wood would we use if we could, would use wood...)
@alexandraowens667
3 жыл бұрын
I did the same thing! lol
@AhmedRagab-ie7pz
6 жыл бұрын
👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
@piyanutprayatsup6260
7 жыл бұрын
thanks it helps a lot.
@rob8482
6 жыл бұрын
Great explination, of a valuable tool. Thanks for your efforts!
@Edspira
6 жыл бұрын
Thanks!
@kostaschatzinov7050
7 жыл бұрын
the best
@Edspira
7 жыл бұрын
Thanks Kostas!
@987123654fgh
8 жыл бұрын
THANK YOU FOR THE VIDEOS!!!
@ht8180
7 жыл бұрын
you saved my life!
@austineodhiambo4724
6 жыл бұрын
Thank you!
@arianamm8932
7 жыл бұрын
Thank you!
@ggmm117
7 жыл бұрын
respex homie
@chiomao5218
8 жыл бұрын
YOU ARE LITERALLY THE BOMB THOUGHT ID NEVER UNDERSTAND THIS BEFORE MY EXAM IN 3 DAYS LOVE FROM THE UK ;) THANK YOU SOO MUCH
@Edspira
8 жыл бұрын
+Chioma o It was my pleasure. Thank you for the kind words- I'm glad you found the videos useful. I hope you get a great score on your final exam and have a fun-filled summer! Best wishes
@dianelisaballe8568
9 жыл бұрын
Hello! what is the actual quantity purchased is the same as actual quantity used. does it affect SQ? Wouldnt there be no variance since there is no difference in used and purchased?
@quaqmireful
8 жыл бұрын
+Dianelis Aballe Yes, you are right. Variance, simply put, is the difference between the standard vs. Actuals. So if it is the same, then no variance :)
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