What is a balance sheet? - MoneyWeek Investment Tutorials
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- Tim Bennett explains what a balance sheet is, and the type of information it contains, and how you can use it.
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In all our videos we explain things in an easy-to-understand way. Some videos are about important ideas and concepts. Others are about investment stories and themes in the news. The emphasis is on clarity and brevity. We don’t want to waste your time with a 20-minute video that could easily be so much shorter.
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None of my teachers explained finances as well and easy as you do. Thank you so much. Great teacher, Great channel.
oh booo hooo teachers have to teach 6-8 classes per day
Tim is simply an amazing teacher.
Feeling a lot better about my upcoming bookkeeping and accounting courses now that I know you are on the internet.
If only I came across you before, my lecturer made this 20times more complicated than it had to be. I lost sleep trying to remember what element belongs to each statement. Your 13minute video is like I found enlightenment
Good follow up videos in this series are "what is profit" and "why costs matter" - those give a guided tour of the profit and loss account at an introductory level. Tim.
As the song says.- YOU SIMPLY THE BEST. Best teacher Ever!!!
And here I thought accountants where boring people but Tim goes against the grain. He makes accounting interesting and he's a bit of eye candy for us ladies!
You are the best lecture i have came across after did 2 degrees in finance and business.... sadly in my day TH-cam was not a thing!
Mr Bennett, I'll probably fail a basic introductory accounting exam in two days, but I have a slight, slight chance of not failing because of your excellent teaching. Thank you very much. If I pass, I owe it all to you.
Tim, your summaries are detailed and highly entertaining. Thank you sincerely for your assistance.
I just starded studying accounting in uni and this youtube chanel and this man especialy are a great help. Simple, clear explanation. Easy to understand. Great for a student like me.
Lot of respect. People like you priceless.Thanks
+vishal s I second that
Very simple and easy to understand
Best teacher on finance
You make accounting so easy. Thank you!
brilliantly explained,,,, lots f love!!
Wow.....thanks a million and one times. I appreciate the revision you have helped me have as I prepare to undertake my exams in a weeks time.
Makes understanding accounting so easy, well explained boss!
Thank you so much for explaining in detail, very helpful in understanding. I am a mature (age 35 going on 36) BSc Accounting and Finance International (Black American) student.
WOW! :) I could not have asked for a better or clearer explanation! Thanks.
I agree I wish i'd had a teacher like this man, thank you
Great talented teacher
appreciate your videos a lot. The videos are to the point without getting lost in details. Do you have specific videos for credit analysis?
mdalbrit - no, they wouldn't show on the ledger (nominal or otherwise :) . Contingent liabilities are written up when the financial statements are prepared and a note is added then. The only liabilities that show in the books are ones where the amount and timing is reasonably certain (accounting speak - sorry!). So a liability to pay tax or a trade creditor for example.
thank you for the videos they really help I will be starting a accounting and finance course very soon .thank you very much
THANKS! I wish I had you as a teacher!
Best teacher ever! Keep going..
Thank you so much, I am really learning with your great lessons! Good job and please continue :)
Thanks for explaining this so well and saving my exam grade!
you are a brilliant teacher. please continue making videos :)
Thanks so much for this video, well explained
absolutely wonderful explanation , enjoyable to watch keep it up
May I ask why you wrote the subtraction as multiplication symbol?
Cheers and thanks for the videos.
very clear, that make it seem, so simple
thanks for the tutorial, its reflecting very well.
Thank you for all your videos. I ve been learning a lot from these videos. By the way has anyone told you that you look like Dr Michael Mosley??? you guys are IDENTICAL!
very well explained
Thank you for sharing the video, it is a good explanation.
Thank you very much. Very helpful
I enjoy your presentation style! Thanks for sharing.
Tim - Since 'contingent liabilities' are not seen on the balance sheet, would they show up on the ledger, nominally speaking?
Thanks!
M.
i would go to class every day if he was my professor or teacher
No problem - hope you pass! Tim.
good explanation
great video, thank you good sir
You are awesome, well done 👍
Excellent
if your asset increases in value or decreases in value over x amount of years how is that reflected in the finance given that it has to be balanced?
wonderful
Utter genius!
Great help, thanks.
Thank you.
Thank you so much!
Thanks you sir!
Excellent!
Totally agree!
thanks...MoneyWeek
nice one tim!
I am watching this after 5 yrs. still relevant or need update
TNX
thanks..
Good video
Aha! My first company back in 2013 had a "friendly dad", but his name was Terry!
Perhaps someone could explain this to me please: If we start off by considering my personal finances and my personal 'balance sheet' balances, then if I win a million on the lottery - which is definitely an asset - how is this entered as a liability in order to 'balance' things? Is it because I'm the single and only 'shareholder' in me and this would appear on the right?
It is not entered as a liability, it is entered as "owners equity".
ur fantastic thx
nice
It would have been better if you explain BS with a real life example. But nice video!
great
5:50 Central Banks can create wealth from thin air. Man from 2020
"Accountants record everything twice."
product comes in and money must go out ...simple as that.
5 stars
super
Who is this teacher?
Crackin' lesson....but please stop lending to and borrowing from people down the pub. LOL
umm wonderful
Liabilities still confuse the F outta me. A positive number next to something you owe confuses me lol
he looks like Matthew McConaughey
What are cooking actually....?
I love you
Used to think because they were so stingy, they recorded everything twice to avoid mistake...mybad
Who else is here because they think their accounts teacher doesn't deserve their job
07.55 lol
Gud
Yo, have you thought about this plan called the Intellitus Cash System? (check google). My coworker says it makes people tons of income.
YOU NEED TO SIMPLIFY THINGS MORE MATE.
What a cutie! ;)
your dates are backward
Cassie Little Show this is how dates are done in the U.K., Canada, and many other places in the world.
Madeline Kim thank you