The BALANCE SHEET for BEGINNERS (Full Example)
ฝัง
- เผยแพร่เมื่อ 28 พ.ค. 2024
- 💥Balance Sheet Cheat Sheet → accountingstuff.com/shop
🖊Balance Sheet Practice Questions → accountingstuff.com/practice-...
The 'Balance Sheet', or 'Statement of Financial Position' (SOFP) is one of the three major Financial Statements, along with the Income Statement and the Statement of Cash Flows. In this tutorial, you'll learn what a Balance Sheet is and I'll show you how to build one using a Trial Balance.
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:17 - Balance Sheet Definition
00:33 - What is a Basic Balance Sheet?
01:15 - What is a Detailed Balance Sheet?
02:18 - How to Make a Basic Balance Sheet
05:11 - How to Make a Detailed Balance Sheet
🔗VIDEO LINKS
▪ Income Statement → • The INCOME STATEMENT f...
▪ Balance Sheet → • The BALANCE SHEET for ...
▪ Cash Flow Statement → • The CASH FLOW STATEMEN...
▪ Book Review → • The Accounting Game - ...
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → geni.us/bNN7
▪ Xero (FREE TRIAL) → xeroamericas.grsm.io/ck90eoq1...
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → / accountingstuff
▪ TikTok → / accounting_stuff
▪ Facebook → / thisisaccountingstuff
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → • ACCOUNTING BASICS for ...
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingstuff
⏱️TIMESTAMPS
00:00 - Intro
00:17 - Balance Sheet Definition
00:33 - What is a Basic Balance Sheet?
01:15 - What is a Detailed Balance Sheet?
02:18 - How to Make a Basic Balance Sheet
05:11 - How to Make a Detailed Balance Sheet
seriously, you are my new favorite channel on youtube. can't thank you enough for all the time and effort you put into this channel!
Thanks
i have quetions please :) how do you get retained earnings values: 19700
Teacher how can I withrow my cash?
Can you teach professor's how to teach?
If my professor is this interesting.
😂
lol same i feel you bro🤣
Professors are poor MFErs 😂
Bro my professor tells us to make group presentations and lets my classmates and I teach/present to eachother while he scrolls through tiktok😭 Like damn, if i knew this was the case, I wouldn't have enrolled and just go to the public library. Less time and money wasted
Just wanted to say THANK YOU, a year ago I got a job because of you, as one of your videos ended-up having all the answers to the questions the interviewer asked me : D. I laughed inside during the interview as I said " this guy saved my a**"
Congrats on landing your job!!! That's amazing news. Hope it goes well :)
Awesome, also have an accounting channel, you can check it out
Literally the best teacher ever - thank you so much for all the support
Cheers Patrick!
Awesome, also have an accounting channel, you can check it out
Ikrrrr better than any of my teachers
Damn, literally explained everything I needed to know about balance sheets in a 7 min video, waaaaay better than my uni lecturer did in 1.5 hours. Engaging, clear and concise!!! 10/10 from me. :)
Thanks! Great to hear you found it useful :)
You genuinely breathe life into your educational accounting content. It can be a pretty dry subject to teach and learn, but you have found the secret to making it exciting and easy to learn. Great job!
Thanks for your kind words!!
Awesome, also have an accounting channel, you can check it out
you helped me more than what I am being taught at university, making it so simple and straight forward. Thank you so much!!
this is a LIFESAVER. i've been so confused and my test is ... in an hour. thank you for your service.
Greatest teacher in world.
Learnt more in this video than I did in 4 months from my teacher.
Much appreciated!
true
Thank you so much for the video, I really liked the video, you really put a whole semester in 6 minutes, and in easy terms, keep it up!
Your videoes are life-saving. Also thanks for your book suggestion "The Accounting Game" which I enjoyed reading. It helped me a lot to with the basics.
Great job!!! Clear, concise and engaging. Will definitely recommend.
Thanks, great to hear you found it useful!
Great Video. Very thorough & helpful
You are awesome James! Keep up the great work man. These videos are an amazing substitute for my Accounting courses. It's crazy how you can clear up so many things that wasn't clarified by my teacher for Financial accounting.
My best teacher ever. You make accounting simple. Thank you so much.
Thanks!!
Great tutorial! Its very informative and fun at the same time. You definitely put a lot of effort in your content to make accounting easy to learn!
Thanks for your kind words!
Well done! You make it interesting!
James! Your videos are one of the most useful things in learning accounting! They have helped me a lot and I am very grateful for your channel!
I wish all the bests to you! I hope this channel booms in popularity as anyone needs some basic accounting info to be financially literate!
Thanks Anxhela! Great to hear you're enjoying these vids. All the best :)
wow you are the best teacher ever !!!! thank you !!!!
I enjoyed this so much. I am transitioning from Human Resources to Accounting and Finance. This has really helped with my understanding.
That's great to hear! All the best with your career change
OMG!!!!! I finally got it! You made my life so much easier)
Your teaching methods are so simple and clear .. You are simply amazing !!!
Thanks, glad you enjoyed it :)
This was an amazing video, thanks so much 😊
Amazing 😍 finally I got the perfect Sir for accounting ❤️
Thank you so much for your help. This video and your videos on income statements have really solidified my understanding of the concepts.
You're very welcome!
Another great content from your channel!
Your way of describing is incredible
I just wanna subscribe your channel 1000 times
Thanks for help, the day after tomorrow will be my interview
thank you so much I was struggling in Prin of Financial Accounting
Had just 2 lectures, and I'm already feeling the stomach ache of failing the class :D You're my only hope!
Thanks so very much for your common sense approach to Accounting, I appreciate you.
No worries, hope it helped!
literally have a financial accounting exam in a few hours and this was helpful! Thank youuu
Good luck!!!
@@AccountingStuff thank you! a lot of it came up so I’m very grateful for the amazing accounting vids😊😊
you got me through my last accounting class. Thanks mate!
Awesome, also have an accounting channel, you can check it out
I will be taking Accounting this spring for my MBA here in Canada and your teachings have been absolutely brilliant. I am certain to have the best result!!
That's good to hear! Best of luck when it comes round :)
Love your teaching
You made difficult easy to understand what a great facilitator you are.
Cheers Fred, glad to hear it!
you dont understand how much I appreciate this video. Thank you.
Great to hear you found it useful!
you make every video so interactive......keep up the good work sir!
Thanks, will do!
Always nice diagrams with movements that make the tutorial exciting. Also, nice idea putting the "wrong way" to create the B/S. It's these conceptual details that need to click. Great job making this vid!
Excellent video. Thank you.
You're very welcome :)
Thank you, great illustration
You're welcome :)
You’re amazing !!!! I just ordered the complete practice / cheap package !!!!
Thanks for your support!
amazing help, thank you
Your videos and cheat sheets are so great!
Thanks Annelie!!
thanks James youre a star
Thank you for this!
You're a scientist who makes things simple!
This was incredibly helpful! Subscribed immediately
Wooo! Great to have you on board!
u are amazing and ur explanation is also so cool, I would like to continue learning from u. Thank you
Thank you so much for this good and great explanation. I have subscribed to your channel and I will keep learning with your videos.
thanks ,very helpful
Very well explained!
Thanks!
Really appreciate your efforts..so easy to understand.👍
It's my pleasure, all the best!
Brilliant explanation, thank you!
Cheers Rajeet :)
Thank you so much, your videos helped me a lot to achive good marks in the exam.
helped me solve a question i was stuck in for days. thank you so much :D
No worries, glad it was helpful!
This was so much easier to understand than my accounting book. 😭🙏
You’re the type of teacher I aspire to be, keep up the great work
Thanks and all the best :)
Learning is so simple and easy . You are a great facilitator. Can you please do a video on consolidation?
Thanks for your request!
I was in total lost for this module thank god u saved me!
Fantastic explanation!
Thanks Surendar!
Thank you so much
Awesome! Very useful :D Thank you so muchhh
I really understand how to make a balance sheet.Thanks\
Excellent! Thanks
Cheers Andrea :)
you just saved my life
Best explanations of accounting terminology & process I’ve found!
Have you made any on ratios?
Not yet, but I'm planning to make a whole series on them
@@AccountingStuff oh yes! Please do 🙏
Cool presentation !!
Thanks Srikanth!
Another great video much appreciated
Thanks Taylor!
Perfect timing💜💜💜
Awesome, also have an accounting channel, you can check it out
Thanks a lot for your videos.🥰
You're most welcome ;)
Thank you for this video. It was very helpful for my college entrance exams!!!
No worries, best of luck with them!
Oh yes my professor is back ❤️. Where have you been all this time?
Apologies for the delay! These vids take ages for me to put together. Hope to be back soon
Awesome, also have an accounting channel, you can check it out
it helped me a lot, thanks
Glad to hear it!
Your videos are helping me through my first year of accounting school- and propelling me towards the career change I need! Please keep it up :)
Best of luck with your career change!
Your explanations clear my all doubts Thanks a lot sir it's really help me for my exam🤗
Best of luck in your exam!!
Hi James, Good to see your video again. As always Best financial helper
Cheers Derick!!
Well, I think I've watched enough of your videos for this week of class for you to earn a sub. Thanks. Not sure if I'm doing it all to my professor's liking, at least I'm not totally lost now.
Great to have you on board! All the best with your studies :)
I don’t even know why you don’t open up a University …. You are spot on👌🏾👌🏾👌🏾👌🏾👌🏾
Please never stop make ng vids, humor is great thank you!
Thanks, I'll keep them coming :)
Very nice presentation. 👍
Thanks mate :)
Bro I just subscribe to your channel, you're true legend
Great to have you on board!
Always the best , God bless you
Cheers Mahdi!
Wonderful James! Having a Financial accounting midterm test tomorrow, hope I will do well.
Good luck!!!
Thank you for existing😭😭
Awesome, also have an accounting channel, you can check it out
Excellent
Much love sir 🏆💟
gosh glad i found you
You are amazing👍
Really great work thx sir
Cheers, hope it was useful :)
Hey dude I just bought your cheat sheets! Amazing Content!
Cheers for your support! All the best :)
Ooh..u made me remember the days I was doin' B.Com..
Please don't stop making these videos bro ❤️
I plan to make plenty more :)
Thank you james 👍🏻✨
You're welcome :)
Thank you for these videos, really makes a difference. Ive been taking business classes for years and these videos make me realize they dont teach hands-on experience. Thank you again
Cheers mate! Hope your studies are going well
This guy deserve a million subscribers or atleast half a million. No kidding because he explain everything clearly and briefly. Keep it up
Thanks!!
Awesome, also have an accounting channel, you can check it out
Thank you!!! Retained freaking Earnings is what I was missing :-)
I m a chartered accountant student . My basics r nt clear ur vedios r helping me a lot..thank you very much
Nice one! Hope it's going well. We all have to refresh ourselves on the basics from time to time :)
Perfect!
Cheers Blaise!
This guy is better than my teacher, u're very good at what you do
Thanks for your kind words :)
Wow , you are great !
Glad you're enjoying these