Principles of the Balance Sheet. A mini crash course with everything you need to know
ฝัง
- เผยแพร่เมื่อ 30 พ.ค. 2024
- Join 10,000+ professionals who enrolled in the Controller Academy 🚀
controller-academy.com/course...
[coupon 30OFFCOURSE for 30% discount]
Or
Get my Controller bundle, which includes the Controller Academy
controller-academy.com/bundle...
[coupon 30OFFCOURSE for 30% discount]
Chapters:
00:00 Intro
01:32 Chapter 1 - Balance Sheet Basics Explained
10:05 Chapter 2 - Transaction Flow
27:33 Chapter 3 - Relationship between IS & BS
35:46 Chapter 4 - US GAAP & BS Accounts
53:30 Chapter 5 - Asset Analysis
01:02:17 Chapter 6 - Liabilities Analysis
01:09:36 Chapter 7 - Common Errors
This video is a mini course on the balance sheet. I will walk you through the basics and the relationship with the Income Statement and Cash Flow Statement. This video is suitable for Accounting beginners and those who want to refresh their skills.
Download file shown in video [free]:
thefincontroller.com/p/cash-f...
Video mentioned on the relationship between the 3 statements:
• Interview Question: Ho...
-----------------------------------
Hang Out with me on social media:
📸 / the_financial_controller
📱 / thefinancialcontroller
🙋🏼♂️ groups/78073...
DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
All views expressed on my channel are mine alone. Not intended as financial or professional advice
You play a crucial role in preparing the next generation for lucrative careers in finance & accounting!
thank you!
Not just next gen, even the present gen
I agree!
I'm preparing for my new job, I'm graduated last year, and in the process of building a career in accounting, and this help me a lot to strengthen my foundation and confidence about our field. You are a blessing! Thank you so much!
Great starting about accounting rule of law.
I liked the US GAAP presentation for each line item in Balance Sheet. Keep going and provide more videos. 💌 from India
Hey Bill, you are my man on this kind of crash courses simply excelente and useful. Tanks
Thanks Jorge!
This is Great! You’re an excellent teacher and very thorough. I’ve been a GL accountant for years comfortable in my day to day duties but got away from some of these basic principles because there is so much automation now.
Thank you for this and I plan on signing up for your controller classes. 🙏🏽
Glad it was helpful!
Thank you, Bill.
Thank you so much. I appreciate your great efforts! You're awesome!
This video is stunning!!!!!
Thanks a lot! Amazing explanation as always. Looking forward to more.
The best page I could ever find!! Learnt the concepts very clearly without any doubts! All the topics are neatly put up! thanks :) This is gonna help me for a longer run from Jr.acc to FC :) I am gonna head up to night before Accounting interview and BRC next. Thanks Bill Hanna
You're very welcome!
As an entrepreneur I'm only starting to get a hang of finance now, thanks to channels such as this.
Welcome to the channel!
Thank you sir. I am MBA student, I was so cofused and lost in Finance classes you made it so much easier and fun for me :)
Happy to help!
Your explanations are on point. I have learnt a lot.
your simple explanation give me inspiration to continue study master of accounting & get CA.
So happy to hear this!
Great content, thanks man!!!
Legendary of Accounting!!!
Look forward to taking the course
This is by far the best video I have ever seen...
Thank you sir 🙏 it's really useful for me right now .
Thank you. You are amazing! Such a great refresher!
Glad it was helpful!
thank you Sir!!❤❤
Easy to grasp.. Thanks for not giving up making content for us
My pleasure!
Thank you you're such a great instructor
I appreciate that!
Wonderful
Thanks a lot Mr Bill. You have enlightened me a lot on pertinent issues on this topic. 100 thumbs up!
Glad it was helpful!
The way u explained is very simple and highly understandable and deep . In this short video u gave 100% . Thank u so much I highly appreciate you effort and time u are giving us . God bless u
Awesome! it will take me a couple more watch times to fully grasp it! hopefully! awesome content! keep it coming! I'd also would love your insights with analyst expectations and possibly companies press releases that might guide future expectations! thank you for the awesome work!
Thanks! Will do!
I am trying to study the company to buy some shares (index fund)
Video is very helpful
Your method of explaining any topics in very easy way based on real business scenario based on Excel calculation which is easily understandable to anyone, I m learning too much by ur content, I m highly thankful 2 u for providing us such amazing content. God bless u ..
Very helpful video
Awesome videos. Very informative and educational. Thank you! 🫰
So nice of you
Thank you Bill for this effort, I never learned more easier ever than this video even in my school years.
You're very welcome!
People can also can change the accouting period and set the balance sheet to be out of balance so check that too
Well explained, thank you for this vital and informative lesson. 👍
My pleasure!
Thank you for your video, you explained it very well.
Glad you enjoyed it!
Thank you very much for a clear explanation ❤
Glad it was helpful!
Thanks watching from India 🇮🇳
Thanks for this vedio, I like an advance in this subject
Fantastic explanation.
Thank you 🙏
Glad you liked it
Thank you!
You're welcome!
You make it eassy for everyone to learn and understand how accounting works😊 Appreciating for your great efforts and sharing your knoweldge.
It's my pleasure
Thank you sir
Thanks❤
This is such a good video, thank you so much for your knowledge- from an accounting student
Glad it was helpful!
Fan from India..love ur content
Hi sir can you make an detail video on inventory and profit and loss same like this.
Thank you so much….God bless you
You are so welcome!
Thank you so much!! I am waiting ıncome statements and payroll statements as well
Coming soon!
So do I
Well done here Bill!
Thank you Josh!
I have learnt more from these videos than from my work in recent years 😁
Great to hear!
Bro ur lectures are superb. My kind request you to release videos for US GAAP Course
Hello Bill. Your information is amazing. Do you have any training, practice, Excel files, or one-on-training for completing the schedule L and associated M1, M2, and M3 ?
I run into this when I do taxes for corporations and partnerships.
You’re the best sir. Please is there any link I can download the pdf of this great lesson
Bill, I have 2 questions. First off thank you for the video on the above topic. I am an accounting grad with 2 years of accounting experience in b2b accounts receivable with the exception of maybe prepping journal entries. I mainly did collections, billing, revenue reporting, refunds, and few other duties like prepayment reconciliations.I am seeking my first full house accounting job. My question is what skills can i learn and practice that will help me in a new job? Also does my watching videos like this and studying things like forecasting help my resume even if I haven't done them for a company yet? For example software engineers can practice leetcode and then list it on their resume and prove the skill. I would like the accounting equivalent of this. I want to continue improving even while between jobs. I will also be starting a temporary bookkeeping job soon. Thank you for your time.
I'd focus on nailing down Accrual Accounting (both revenue and expenses) and Month end Close
Hi Bill, what happened to the return items (resellable) that customers no longer needed ? Thank you.
Спасибо!
Hi sir, I am from India. Currently preparing for CMA Exam and thank you very much for your insights and guiding students like me to enhance a career in finance🎉 Always grateful to your videos❤
All the best!
from where do you get the credit sales on DSO formula?
How long does the principle of historical cost remain relevant
Hello sir, sir what is the difference between accrued expenses and deferred revenue because sir that these both re obligation so sir if you have time kindly sir let me know about it
Hi hello if you collected your money from account receivable to cash the account will be not balance because I’m short 150 in Equity and Lability because I debit cash and credit AR but not so sure what to do ? To make it balance in short I collected the cash in increased cash but in the Liability and equity remained unchanged which caused my balance sheet unbalanced.
Great presentation. How can I get in contact with you? I have a question and I was wondering if you can help me with that.
Thanks for the video, do we really need a professional degree like CPA or CFA, CA to be a financial controller or only based experience we can be a controller?
4 year finance related degree and experience can be enough. Professional certification like CPA makes you more marketable
Thanks bill for your update. 👍
Hi, how do I sign up for your classes I’m just starting to learn about Cycle of Cash and I really do understand what I’m doing as I’ve never done accounting before, but I’d love to learn for my classes and for future job. Thanks.
Hi here is the link: thefincontroller.com/p/controller-academy
❤
Hello I appreciate your work , I want to enroll to your course do you have another discount 🙏
use code 40Friday for 40% off
@@TheFinancialController thank you so so much
Sir can u teach me cma usa certificate I just want to know if you teach that 🙏 it would be great
One suggestion/request: Can you please add chapters to the video? Thank you for the video.
Done!
Same fictitious company is used throughout my accounting courses.🤣
Use smaller numbers
Hi sir bill, I know that your content is good but I think you need to have a good thumbnail I'm not saying that it's bad but it's not the best If you need a clickable and the best thumbnail kindly dm me
❤