This video is the first in a four-part series of Understanding Financial Statements, starting with the Balance Sheet. The video uses a simple balance sheet as an example to explain what assets, liabilities, and equity are and how they work in a business balance sheet.
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🕰️Timestamps:
0:07: How to Read Financial Statements
0:22: Balance Sheet
0:54: Assets
2:37: Liabilities
3:21: Equity
4:00: Retained Earnings
💡✔️Helpful Resources
Want to learn more tips on balance sheets? Check out these videos: • What Is a Balance Shee... and • A Balance Sheet Example
• Understanding Financia...
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