Balance Sheet Basics Explained By A Controller

Рет қаралды 31,100

Күн бұрын

A detailed walkthrough the basics of the balance sheet including:
1. The main Accounting Equation
2. Current vs. non-current Assets & Liabilities
3. What is considered "Cash & Cash Equivalents"
4. Deferred Revenue
5. How to prepare the Balance Sheet
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Пікірлер: 65

@arturopena9470 2 ай бұрын

Just... WOW. I´m about to turn 40 and almost 17 years of career and NEVER been explained BS as easily as you. Congrats and thank you Bill!

@TheFinancialController 2 ай бұрын

Glad you liked it!

@anchuuur 3 жыл бұрын

This account is so useful. Very understandable and thank you for this!

@TheFinancialController 3 жыл бұрын

You're very welcome!

@abhayakrishna1456 2 жыл бұрын

One must follow his channel if in the finance stream. Very eminent content.

@marianag8043 2 жыл бұрын

Your videos are clear and helpful!

@annumehta3203 Жыл бұрын

Ohhh God. You're so good at this. I've learned alot and in easy way. Please do some teaching on IFRS if possible

@TheFinancialController Жыл бұрын

Thanks Annu!

@fillsgarage 2 жыл бұрын

Great video. Thank you for the great insight

@mikesmacedo 3 жыл бұрын

Your significant other / roommate must wonder why TF you have an easel in the living room. Hahah love it ! Keep it up.

@TheFinancialController 3 жыл бұрын

Yes except the hand writing on the pages belong to my significant other 😂

@mikesmacedo 3 жыл бұрын

@@TheFinancialController hahaha thats hilarious man. Would be awesome to see a Change in Shareholder's Equity Statement as well. Those can be confusing sometimes with convertible debs, private placements, shelves, etc. Thanks man!

@TheFinancialController 3 жыл бұрын

👌 sure

@awatifbelbouhali9553 2 жыл бұрын

Very interesting videos, thanks so much

@rohitdikshit9742 3 жыл бұрын

Thank you so much. such a good knowledge about statement

@TheFinancialController 3 жыл бұрын

My pleasure

@MC-hj5du 3 жыл бұрын

Great video, keep up the content!

@TheFinancialController 3 жыл бұрын

Thanks 🙏

@sangeetshrestha8162 2 жыл бұрын

Thx for the video bill Hanna. Ur video is really understandable. If possible can you make a video for cash flow statement please thx again .

@raidenx3x 3 жыл бұрын

Thank you so much for your videos! would you be able to make one video regarding how the B/S connects to GAAP?

@TheFinancialController 3 жыл бұрын

Sure thing!

@josrui1948 2 жыл бұрын

THANK YOU SO MUCH FOR THIS CHANELLL ❤️

@abhishekhinge3392 3 жыл бұрын

Big fan of your content👍🏻

@TheFinancialController 3 жыл бұрын

I appreciate that!

@yassers5970 3 жыл бұрын

My new hero 🙌🏼

@TheFinancialController 3 жыл бұрын

Thanks Yasser!

@abdelhadiredouane4973 3 жыл бұрын

My teacher again thanks 🤗

@TheFinancialController 3 жыл бұрын

Always welcome!

@tisighedivine8701 Жыл бұрын

Great!!!

@yvibhor03 3 жыл бұрын

Nice video. 👍

@yaqoubsaadeh9676 3 жыл бұрын

Good explain , keep on !

@TheFinancialController 3 жыл бұрын

Thanks a lot!

@energiaspositivasconangyor5907 Жыл бұрын

Gracias!!!

@dejib.3930 Жыл бұрын

Beautiful.

@HM-it1ke 3 жыл бұрын

Thanks for the knowledge. Appreciate this. Need a favour from u - make a content like this for income statement and cash flow statement 😬

@TheFinancialController 3 жыл бұрын

Sure :)

@sharingq2603 3 жыл бұрын

Terimakasih Pak

@robertjohannes4659 3 жыл бұрын

I just discovered your channel this week. My interest is not as an aspiring accountant or small business owner. I want to have the ability to read (Forms) 10Q/10K in the process of exercising due diligence (i.e. fundamental analysis), After purchasing books written by Benjamin Graham I found-out they were "over-my head". This presentation (video) is one of a few I find to meet me where I am (beginner/new to this subject matter) thus; I think I'm (actually) learning what you are teaching :-) Thank you.

@TheFinancialController 3 жыл бұрын

Thanks for your comment Robert!

@sxrpmoon5456 2 жыл бұрын

very nice

@suzy5166 3 жыл бұрын

I wish you were my teacher 😍

@TheFinancialController 3 жыл бұрын

I am!

@shubhneet27kaur65 3 жыл бұрын

Thanks bro🐣❣️

@TheFinancialController 3 жыл бұрын

You are welcome

@yashkulshrestha4931 3 жыл бұрын

Thank you so much for this one pal!👍

@TheFinancialController 3 жыл бұрын

My pleasure!

@dhamukarthi5735 2 жыл бұрын

Please can you explain how to easily calculate wip in garment sector.

@2409prince 3 жыл бұрын

Thanks for the videos. They are educational, and informative. Just wondering if you have made videos on 1.Mapping the accounts while changing an accounting software 2.What should be the part of COGS, operating and non-operating expenses. Basically, how you design an income statement. Thank you for the good work, keep it up!! God bless you!

@TheFinancialController 3 жыл бұрын

Great ideas, ok!

@elishaghorpade2045 3 жыл бұрын

Sir please help with Retaining earnings, when it comes in picture, how it’s calculated

@bliss45 2 жыл бұрын

RE=BP+Net Income (or Loss)−C−S where: BP=Beginning Period RE C=Cash dividends S=Stock dividends

@yennymesa4870 2 жыл бұрын

Thank you churro

@yvibhor03 3 жыл бұрын

Can we get in depth video on statements of shareholders' equity?

@TheFinancialController 3 жыл бұрын

Sure

@lenniebautista742 2 жыл бұрын

Yes, this one too the complicated Owner's Equity with RE and Dividend for Shareholders.

@mitchell9345 2 жыл бұрын

he been hittin the gym no cap

@Marsx93 3 жыл бұрын

Hi bill I have a question about preparing financial statements I want to solve it together If you please Because I couldn't solve it on my own Thanks

@lenniebautista742 2 жыл бұрын

Your vlogs are very informative, helpful, and easy to understand. Good for non-accountants and more so for accountants. Please keep it up. Appreciate if you can do vlogs on property bank loan computation as long term liability and how the interest, principal will be shown in BS and P & L. Also for Fund management. Thank you very much.

@diego77b Жыл бұрын

Link to the video of Crypto. Thanks

@varunsathuluri4949 3 жыл бұрын

I have bachelors degree in accounting from india.Now i want to study in Ms in accounting in USA .I want to know whether CPA or learning programming languages with analytics Have more market value in terms of job.

@TheFinancialController 3 жыл бұрын

CPA

@Marsx93 3 жыл бұрын

First one 😅

@anuragverma4767 2 жыл бұрын

Hello..I am from India..Can u guide me what certification I do to get job in outside India. I am working in India as Sr.Executive Accounts

@marvelouss719 2 жыл бұрын

You speak really fast; therefore, I have concluded English is NOT your first language. English decibels are very slow compared to other languages such as Spanish and Portuguese

@marvelouss719 2 жыл бұрын

I am hopeful Crypto currency will go away completely. I don't see anything successfully competing with the current medium of exchange. Moreover, we have not collectively agreed that our current medium of exchange is NOT working. effectively.