FA7 - Preparing The Balance Sheet 

It’s amazing how could this instructor provide this much of knowledge in very simple way. The best teacher that I’ve ever seen. BIG LIKE

I hope this message will get to you. I had to take an accounting exam for my work. It’s mandatory for the position I want to. And I failed, cause there’s some things I wasn’t able to put together in my mind, and they just handed us some accounting basics sheets, that didn’t even cover 20% of the test. A friend of mine showed me your videos. Within the first videos, you made me understand accounting better than ever. I took the test once more and I’m happy to tell you that I succeed. Because of your videos and the way you teach, I was able to meet the requirement for the position I want, and keep the job. You helped me in my career and I can’t thank you enough for this!

Im a freshmen year accounting major, and I am not even taking Financial Accounting Intro till next semester but your videos are so fun and entertaining that Im watching them to get ahead. Thank you!!

Hello Professor Bell, I can't thank you enough. Not all hero's wear capes.

thanks man, i have been stuggling in class for the whole semester, found you just before the exam, its all easier now, and accounting isnt all that scary now

This video is gonna be soooo relevant for whoever is watching this in 2024

Not sure if it's a coincidence or destiny but I just discovered this class and the examples used for the preparation of the statements are for the year 2024 when this tutorials were uploaded 4 years ago, either way I just want to say THANK YOU, this is a very comprehensive tutorial, It will assist me very well going forward in my business and understanding the language as well as interacting with My CPA.

your way of teaching is amazing

Tony! Many thanks for your video, perhaps can you make a video about a Company who repurchase their shares? How does if effect the statement of changes equity?

thank you sir, i now understand very well how to make those 3 sheets since i have to do it in the exam tomorrow, thank you again

Krishna Kishore Really amazing......wud like to continue

Aw i was looking to know more on to prepare a classified balance sheet from December 31st. I have put most of my account . It seems like i have to do more to write them in their Appropriate account. Thanks for your sound explanation sir.

Thank you for your support i really appreciate

Thank you for posting this lesson Sir. It was very useful.

The best in the game! 👏🏽👏🏽

Balance sheet? More like "Woe, this is neat!" Thanks for all of these wonderful videos.

wish i found your video's at the beginning of my course!

Hi Tony u forgot to add double line for sum of TOTAL LIABILITIES , AM i wrong lol . on previos tutorial u mention that u are very strict on that kind stuff ;-D AND THANK YOU FOR LESSONS -SO HELPFULL , I RECOMENDED TO MY DEGREE MATES.

I have a question 😁 If there is a bank paid would it be change the income ??? I want to know please.

You’re a top guy, doing some really good work

just wanna say these vids are GOATED god damn

Very well explained. Thank you! 🙏

The best accountant in the world

In one of the questions in the fa workbook pdf, one of the questions(1-4A) has a current portion bank payable, what am i suppose to do with that?

Is it ok if you write your balance sheet as Sherry shuttles Balance sheet as at Dec,31,2024

Thanks Tony for sharing, I've got a question, isn't the net income suppose to be in the bank statement as well?

Thank you for this tutorial

4 years yet it ages finely

Why is office supplies classified as a current asset and not an expense

there is something wrong with your workbook from 1-4a to 1-4B I did it multiple times and on the balance sheet part it does not equal. Everything checks out. From 1-4A for balance sheet on asset side I get 123000 and on the right its 121000.

really good

Thank you very much Sir Bell. I have a question, why don´t you order assets from less liquid to more and liabilities from less enforceability to more? I mean, here in Spain we order it like that. Just the other way around. Does it make any difference?

Thank you Sir

Thank you

Great videos!

Thanks so much!!! This is so helpful

Awesome stuff, I've learned so much in preparation for my MBA accounting unit. Is there a need for a $ in front of the long-term assets/liabilities or the shareholders equity segments? Thank you again

Why the "office supplies" aren't in P&L as an expense but in Balance sheet as assets?

Good job 😊 keep it up

Is that an American or British approach?

excellent!!

total liabilities, "we don't double underline that!" me who has confidently double underlined 😮

what should we do with sundry payables?

Are a Trial Balance and a Balance sheet the same thing?

Hi Firstly I d like to thx. I have a question why Dividant didn't place in balance shit....

I think they were just jealous of your typewriter

this was better than s3x

thank you

May God bless you and everything about you.

Hello Professor 12:01 my balance sheet balanced in a different way, in SE, Common shares 60K then i adeed Net Income 20,700 then Retained Earnings 10k then Deducted Dividend 3k that totally became 87,700 then add 48,800, you get 136,500. how?

There’s no way I can thank you. 😢 been struggling with Acounting. Thank you so much

tony, i love you.

this is gold!!!!!

I attempted to do 1-3B after following the video steps and processes exactly. For some reason my total Liabilities and SE continue to come up 166,500 short of the assets which i got 314,500. Why is mine so far off.

Thank you so much, you are the best, finally everything click ❤ Thank you, thank you! 🙏🏻

Professor bell, you didn't teach us about the accumulated depreciation on the balance sheet !!! Accumulated depreciation was given in the PDF workbook and there weren't answers to check too

Thank you so much sir.. This is really helpful in my HRM course.

Great videos....hope more....pretty helpful to me.

we kept on liabilities the common shares and retain earnings because we can lose this money and because we have to pay? and also 'common shares' is money came from who invest in us? Or is it a stock that we invest?

Do you do more advanced financial accounting for undergrads or are all the videos in this series as basic?