FINANCIAL STATEMENTS: all the basics in 8 MINS!
💥Financial Statement Cheat Sheets → accountingstuff.com/shop
🖊Financial Statement Practice Questions → accountingstuff.com/practice-...
In this short tutorial you'll learn all the basics about Financial Statements. We'll cover the Balance Sheet, the Income Statement and the Cash Flow Statement with an example.
🔗VIDEO LINKS
▪ Balance Sheet video → • The BALANCE SHEET for ...
▪ Income Statement video → • The INCOME STATEMENT f...
▪ Cash Flow Statement video → • The CASH FLOW STATEMEN...
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⏱️TIMESTAMPS
00:00 - Intro
00:22 - What are Financial Statements?
01:08 - What is a Balance Sheet?
03:19 - What is an Income Statement?
04:55 - What is a Cash Flow Statement?
08:02 - Recap
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
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#accounting #financialstatement #accountingstuff
Пікірлер: 395
At the beginning of the semester, I thought I would fail accounting, if that happened I wouldn’t be able to graduate on time or transfer to my dream school. Then I found this channel and everything clicked. I just took my final and my professor said I should consider accounting as a career because I improved so much. Words cannot describe how thankful I am that you make this videos. You played an indispensable roll in helping me achieve the life I want. Thank you SO MUCH ❤
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Жыл бұрын
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@BimmerBabe
11 ай бұрын
We are living in an amazing time! You rock! Im happy you didnt stop and found something that unlocked it all for you.
@kelrassi
4 ай бұрын
Great job
@lenguyennhatan202
4 ай бұрын
That is exactly what I am thinking now ToT Hope that I will also pass my business finance course!!
Hi, I would like to ask permission to use the explanation of the balance sheet, income statement, and cash flow chart for my classroom reporting. Thank you so much!
Creating wealth and gaining financial freedom isn’t as difficult as lots of people think. Through the right information, building wealth and staying financially stable forever is way easy. Investing is the only true way to earn a great income and staying wealthy forever..
@Barbara0015
10 ай бұрын
The first step in creating wealth is figuring out your goals and risk tolerance - either on your own or with the help of a financial advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
@andymarion
10 ай бұрын
You’re right! Working with a financial advisor may genuinely set you up for success in life. I’m glad I was able to contact my a financial advisor "John Desmond Heppolette" earlier this year since while others were complaining about the downturn, I was busy cashing out from my investment, eventually making over six figures in the first quarter alone…
@Layanalisa
10 ай бұрын
Your fin advisor really seem to know this stuff. I found his online-page when I did google search of his full names, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
@angelicstennett
10 ай бұрын
I’m impressed by John Desmond Heppolette, professionalism and expertise in financial planning. He took the time to understand my financial goals and provided personalized recommendations that have proven to be successful, with this guide I make monthly returns from investing in assets and mutual funds..
@The_Adam_Smith_Simp
7 ай бұрын
True! You really just need to end up with about 10x your costs and some emergency funds and your set. Like if I only need $50k per year including emergency funds then I just need to save up $500k and compound int will make me set for life.
You have to be the best accounting teacher to ever exist. Your edits, clips, examples and explainations are the best. Thank you so so much.
@AccountingStuff
Жыл бұрын
Thanks for your kind words :)
This is truly the best accounting tutor I've ever had, thanks a ton!
Amazingly done, without all the complications jargon!! If you can't explain it simply enough, you dont understand it well enough!!! Simplicity is the ultimate sophistication!!! Thank you , taken a lot out of it . Kudos !!
I love how you explain them clearly and lightly 😊 much obliged
You’re such a genius and a great teacher. Thank you!
Thank you for another informative and thoughtful presentation. One of the things I value is learning. Since I retired in January I have been participating in some on-line classes.
@marialee1565
10 ай бұрын
Yes, that was really a wonderful presentation, but you are retired already, isn't it quite early?
@anitaroger8497
10 ай бұрын
@@marialee1565 lol, I'm 55years old My husband and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing and retire earlier like me
@drjackliam8498
10 ай бұрын
I am 54 years old and my wife and I are very worried about our future, with gas and food prices rising every day. We have seen our savings dwindle with the cost of living in the stratosphere, it is impossible for us to replace them. We can manage, but we can't move forward. My condolences to everyone retiring in this crisis, all those years of working just to lose it all in a crisis you didn't cause.
@marialee1565
10 ай бұрын
I think it's especially difficult for retirees and near-retirees, I know to focus on the long term but the anxiety when you're supposed to retire in 3-5 years is exhausting. it is difficult for me to participate in the market right now due to the full-time nature of my job. it will be too stressful to combine so I don't even think about it
@anitaroger8497
10 ай бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor
Awesome stuff! Thank you for these videos, please keep making them. Your explanations make it so much easier to understand the information.
As a finance major, this video is extremely helpful!
I really like your videos, I’m not an accountant but I find all of this very interesting. I was checking your channel and wanted to ask, do you have any video related to accounting but for personal finances? It would be nice to see how it applies to a non-business scenario.
going into my last year of accounting at university and have never forgotten your vids james!🤩
@AccountingStuff
Жыл бұрын
So close to the finish line! Best of luck
@liammcneilly4984
Жыл бұрын
I am considering attending university for a dual finance and accounting degree. What are the job prospects and salary ranges you are expecting upon graduation? That is if you don't mind me asking.
This is so easily explained, thank you!
Accounting stuff channel for me is one of the best channels on KZread.
Just what I was looking for. A simple and to the point explanation. thanks
@AccountingStuff
4 ай бұрын
Great to hear!
Another fantastic video! Thank you for making these. Thanks to your videos I aced my begginers accounting class. Now I'm a month into intermediate accounting and the textbook couldn't be any more confusing if it tried. Have you considered making videos for more challenging topics? Alternatively do you offer tutoring services because I'm lost, haha.
Love the content! As an accounting major this really helps to breakdown what i don’t understand in class. Thank you!! I wanted to ask if you can make a video breaking down the accounting tree. Taking each one (financial, managerial, auditing, bookkeeping, tax, etc.) and breaking them down into what it essentially is, what it provides, how it looks like, etc. Once again thank you for all the help!
@johnpedro466
Жыл бұрын
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy @l have been earning $ 60,000 returns from my $7,000 investment every 12days.
James your videos helped me pass my accounting exam thank you ❤
Hello, you have no clue how thankful I am to you for preparing this playlist. I have saved it, and want to thank you once again.
@AccountingStuff
Жыл бұрын
You're very welcome!
Your videos are great! Have been helping me upgrade my business practices
@AccountingStuff
Жыл бұрын
Thanks, I'm glad you're finding them useful
By far the most entertaining and informative channel about accounting on KZread, perhaps the universe! Any chance to create some contents about bad debts and doubtful debts James? Or I missed it? 😊
I really loves your videos, me and my friend does find your videos very useful for us as we had no account background. Your videos did got us through Financial accounting course. Would you mind doing videos explaining cost analysis as well? Something like basis of the calculation of cost, costs terms and purpose, full costing, costs volume profit analysis and partial costs.
Not a accounting person but everything is about business and money. Thankyou your content lessons is simple and easy to understand.
Just earned a new subbie! Thank you for sharing this information!
I chose financial statement as college elective course. This channel really helped me in my exams.
you are amazing! I have no accounting background but this was a smashing short lesson!
@AccountingStuff
Жыл бұрын
Glad it was helpful!
Thank you for sharing this! You explained it so well without complicating things. Quite useful for founders as well.
@AccountingStuff
Ай бұрын
Thanks, glad you found the video useful!
Really informative video! Currently using your videos to review while reading through my textbook. I wish more professors or even teachers would teach subjects like you do in this way. Introducing complex information in a simple way, thanks!
@AccountingStuff
8 ай бұрын
Thanks, all the best in your studies
I SO needed this! ... and it's been the best presentation I've seen to give me clarity. ❤from 🇨🇦
@AccountingStuff
16 күн бұрын
Glad to hear you enjoyed it :)
Thank you for this! It really helps. And thank you to my BF for introducing me to your channel. I am having a lot of fun learning all these accounting stuffs.
@AccountingStuff
4 ай бұрын
No worries, glad you're enjoying these videos :)
Awesome content as always!
I understand accounting so much better now. It's so nice to have an excellent teacher teaching this subject in a way that is simple and clear. Thank you so much! This makes it so much easier for me to finish my courses.
@AccountingStuff
4 ай бұрын
No worries, great to hear it's clicking for you
This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.
@AccountingStuff
7 ай бұрын
No worries, glad I could help
Game changer thank you video was great .
I’m more than happy to discover this channel. I need to thank you for your time for this, particularly a fantastic watch!! I liked every little bit of it and I have subscribed you to look at new posts all the time.
@AccountingStuff
9 ай бұрын
Great to have you on board!
Great content! Knowing how to properly manage your financial statements will definitely save you and your business a lot of time and energy.
@AccountingStuff
6 ай бұрын
For sure!
U R my fav teacher
man you recommended the book The Accounting Game. And let me tell you, its awesome. How well did it explain everything. Please don't ever stop posting videos. I keep waiting for it. YOU ARE THE BEST!
@AccountingStuff
Жыл бұрын
Glad to hear you enjoyed the book! I don't plan on stopping any time soon
Thank you for this video . This helped me a lot to practice my financial English .
@AccountingStuff
3 ай бұрын
No problem, happy to help :)
Thank you! This helps a lot with my business, please continue making more helpful videos❤
@johnpedro466
Жыл бұрын
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy @l have been earning $ 60,000 returns from my $7,000 investment every 12days.
Great video, Thank you so much for your effort in simplifying such an important topic for non-finance people.
@AccountingStuff
7 ай бұрын
No problem, glad you found it useful!
Thank you for this🙌🏽
Simple and understandable, great explanation.
@AccountingStuff
7 ай бұрын
Glad you liked it
Hi James.. Many Thanks for creating theses Highly crisp & interesting video on the topics which are very complex for non maths & commerce guys. I referred your initial videos & it helped me for preparing my Assignments. Thanks a lot.
@johnpedro466
Жыл бұрын
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy @l have been earning $ 60,000 returns from my $7,000 investment every 12days.
I always keep watching your beneficial videos immensely which turns out enormous changes to my knowledge about financial Accounting as the result of your constant endeavours So I really respect you unconditionally and bless you always ❤
@AccountingStuff
2 ай бұрын
Thanks, great to hear you're finding these videos useful :)
prepping for a new role in a new industry involving financial reporting and these video have just been too helpful
@AccountingStuff
Жыл бұрын
Best of luck!!
Tons of valuable information, thank you so much. It helped me a lot.
@AccountingStuff
5 ай бұрын
No worries, glad you found it useful!
Thanks for sharing.
amazing videos wish that all students and professionals be in ur channel all my support thanks for ur effort
Thanks so much James for continuing your good work. Can you suggest any name/resource/channel to follow or study by which one can systematically learn and become proficient in Microsoft Excel?
I wanted to say thank you for introducing me to the Accounting Game book. It really helped me solidify my base in financial accounting
@AccountingStuff
Жыл бұрын
No problem! That's a great book
Love the creativity in your video content 💯
@AccountingStuff
Жыл бұрын
Thanks Krutika :)
Your videos are very useful and provide lots of information. I have received lots of help after watching this post, please continue to share this kind of information. Thank you.
@AccountingStuff
7 ай бұрын
Thanks, will do!
Hi... Really love how you explain all the topics. Clear and easy to understand. It would be great if you can explain the Issuance of Shares. Thank you
@AccountingStuff
Жыл бұрын
Thanks for your request!
Thank you! Please consider video about impairment of intangible asset, PPE, etc.
Great video! Could you make more example scenario videos where you walk through the three financial statements
I learned all this stuff in my financial and managerial accounting classes this video was great for reminding me what I learned it’s only been a year but I forgot so much because I didn’t take it seriously
@AccountingStuff
2 ай бұрын
That always happens to me too!
I don’t even need to know much about crypto before I get to invest, Thanks to ms Jessica Ellen Pavish and her platform.
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Жыл бұрын
When you make it a happen to always invest more than you spend then you’re close to being someone great on your own. I started working with expert Jessica Pavish and through my investments I’m now a successful investor touring the world.
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Жыл бұрын
Inspiring video; trading has been easier with Mrs. Jessica Pavish. I have to say the assistance she shows changed my life and that of my family within a couple of weeks I started investing with just $1ooo biut my portfolio is $13,2oo, thanks to her
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Жыл бұрын
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Жыл бұрын
How do I get to her ?!
@richardperkins6777
Жыл бұрын
Her WhatsappNumber :
Thank you!
amazing, thank you, sir
@AccountingStuff
2 ай бұрын
You're very welcome :)
Will you do a video about the statement of stockholder's equity? Love your videos btw.
Hi! Thank you so much for you videos, the are helping me a lot to deal with an accounting class I have this semester at my M.A. (actually no only my but the hole class) Do you have on your plan to do a video about markup? I would be very helpful. Thank you again, you are saving us.
Thankyouu soo much for the video.... I am confident for my seminar 🥺
@AccountingStuff
7 ай бұрын
No problem, great to hear you found this useful!
wow simplicity thank you so much
@AccountingStuff
7 ай бұрын
Glad you liked it!
@apostleinthemarketplace1145
7 ай бұрын
@@AccountingStuff i’m taking a course module on Financial management and analysis… do you have a full compilation of these units please? 1 budgeting and variance analysis 2 capital investment appraisal 3. cooperate governance & ethics
Hi! I love your videos! Can you do one on DTA and DTL. That would be great
Love your content! Could you please make a video on bonds?
Thank you very much❤
@AccountingStuff
4 ай бұрын
You're welcome 😊
This is so helpful
@AccountingStuff
2 ай бұрын
That's great to hear!
this video saved my life
@AccountingStuff
8 ай бұрын
Glad it helped!
You are a SAVIOR❤, thank you so much.
@AccountingStuff
6 ай бұрын
No problem, glad you enjoyed it
THANK YOUUUUU! 🎉🎉🎉
Thank god for you 😊
You're videos have been a tremendous help in grasping these concepts. Thank you. I would love to know what video editor you use. I recently started my own channel for a totally different subject, and really like you're style. My videos will also be educational.
@AccountingStuff
Ай бұрын
Thanks! I use Final Cut Pro to do all of my editing. Best of luck with your channel!
I'm self employed thanks to you . i have gotten better in the accounting field
@johnpedro466
Жыл бұрын
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy @l have been earning $ 60,000 returns from my $7,000 investment every 12days.
Thankhu man for this doubt solving video
@AccountingStuff
2 ай бұрын
No problem :)
Very good! Thanks
@AccountingStuff
9 ай бұрын
Thanks!
Hi James Your video is very helpful..can u make a video explaining intercompany concepts and journals
Noice explanation and visuals
Really good video.
@AccountingStuff
7 ай бұрын
Thanks!
1st of all, THAT was excellent. Just subscribed...
@AccountingStuff
6 ай бұрын
Thanks, great to have you on board!
great channel
thank you so much
Hi James, Please give more attention to this request. We have asked you many times to make a video and the difference between GAAP and IFRS. Thank you.
Thank you
Hi James. Can you please do a video on notes on financial statements including accounting policies?
please do a video on Accounting concepts and principles for instance; Prudence, matching, materiality, cost concept etc
u r the guru
Your videos are really helpful, could you please make a video on GST(GST payable/GST receivable)?GST is bit complex for me to understand
I think a topic you really should cover as it is extremely useful and hard to grasp is the Time Value of Money. Basically just going over future value and present value for single sums and annuities.
James. Please do a video clip on consolidating the balance sheet and cash flow statement.
Thanks james
I really like your videos, it's very easy to understand and it's helping me a lot, but if you can please break it down Business Central (Dynamics 365) This new system it's more complicated than QB and i need help lol
great content
Its been long since i see your videos again. And yes, Graduated with my BS in accounting . Your videos has impact and really helps💯Appreciate them all
Hi these videos are seeing me through all my accounting kectures. Is there any chance of a video on bad debts and bad debts provisions?
Nice one
@AccountingStuff
6 ай бұрын
Thanks!
Can you do a video on understated and overstated adjustments? Your videos are really helping me comprehend accounting concepts. Thank you!
Love your videos!!...Can you do one for the consolidated financial statement please?
@AccountingStuff
5 ай бұрын
Thanks for your request!
knowing cash flow statement basics is Good😊
@johnpedro466
Жыл бұрын
Saving, and investing has by far been the most profitable habit I developed this past years. It pays back effortlessly, and I'm glad I followed my Investment advisory's recommendation