FINANCIAL STATEMENTS: all the basics in 8 MINS!

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💥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

Опубликовано:

19 июн 2024

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Комментарии : 401

@DB-ru9qd Год назад

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@ScorpioX3000 Год назад

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 Год назад

Thanks for your kind words :)

@Campbell957 10 месяцев назад

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@andymarion 10 месяцев назад

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…

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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 месяцев назад

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@Milton_Friedmanite 7 месяцев назад

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.

@mercyshimray8637 Год назад

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 !!

@nthabisengmosehlemosehle7025 Год назад

This is truly the best accounting tutor I've ever had, thanks a ton!

@nthwndroregano6604 Год назад

going into my last year of accounting at university and have never forgotten your vids james!🤩

@AccountingStuff Год назад

So close to the finish line! Best of luck

@liammcneilly4984 Год назад

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.

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@abimaelmendoza5721 Год назад

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.

@trish4560 Месяц назад

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!

@free671 Год назад

Awesome stuff! Thank you for these videos, please keep making them. Your explanations make it so much easier to understand the information.

@hugogranados2154 Год назад

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 Год назад

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.

@edukatormilenial Год назад

I love how you explain them clearly and lightly 😊 much obliged

@Matthieuwil Год назад

As a finance major, this video is extremely helpful!

@investingfolks Год назад

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 Год назад

You're very welcome!

@mamabear71234 5 месяцев назад

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 месяца назад

No worries, great to hear it's clicking for you

@NewNoise1 Год назад

You’re such a genius and a great teacher. Thank you!

@mamique Год назад

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.

@CKBREEZY7 5 месяцев назад

Accounting stuff channel for me is one of the best channels on RU-vid.

@_hhbk2128 5 месяцев назад

Just what I was looking for. A simple and to the point explanation. thanks

@AccountingStuff 5 месяцев назад

Great to hear!

@stevejames7930 Год назад

This is so easily explained, thank you!

@kendalllao Год назад

By far the most entertaining and informative channel about accounting on RU-vid, perhaps the universe! Any chance to create some contents about bad debts and doubtful debts James? Or I missed it? 😊

@Premfn Год назад

James your videos helped me pass my accounting exam thank you ❤

@nadiarivera8748 8 месяцев назад

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 месяцев назад

Thanks, all the best in your studies

@nanjaratwasan7097 Год назад

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.

@johnharley2454 11 месяцев назад

Not a accounting person but everything is about business and money. Thankyou your content lessons is simple and easy to understand.

@priyasmitadas1652 Год назад

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 Год назад

Glad to hear you enjoyed the book! I don't plan on stopping any time soon

@RitikKumar-tk7uy Год назад

I chose financial statement as college elective course. This channel really helped me in my exams.

@abdulalim2750 Год назад

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?

@dawnfmEnthusiast Год назад

Your videos are great! Have been helping me upgrade my business practices

@AccountingStuff Год назад

Thanks, I'm glad you're finding them useful

@GoogleAccount00 Год назад

Just earned a new subbie! Thank you for sharing this information!

@AdelitaWilliam-dl7ci 8 месяцев назад

This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.

@AccountingStuff 8 месяцев назад

No worries, glad I could help

@shaynstocks777 Год назад

Game changer thank you video was great .

@gratitudeattitude589 Год назад

you are amazing! I have no accounting background but this was a smashing short lesson!

@AccountingStuff Год назад

Glad it was helpful!

@DreamFirms Год назад

Awesome content as always!

@aryanasmith4426 10 месяцев назад

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 месяцев назад

Great to have you on board!

@TheBigPapaO Год назад

Thank you for this🙌🏽

@Sabyasachi.M Месяц назад

Thank you for sharing this! You explained it so well without complicating things. Quite useful for founders as well.

@AccountingStuff Месяц назад

Thanks, glad you found the video useful!

@ecombalance3501 6 месяцев назад

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 месяцев назад

For sure!

@Ladymari13 4 месяца назад

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 месяца назад

No worries, glad you're enjoying these videos :)

@MrNotoriousROB Месяц назад

I SO needed this! ... and it's been the best presentation I've seen to give me clarity. ❤from 🇨🇦

@AccountingStuff Месяц назад

Glad to hear you enjoyed it :)

@najahrahali5498 Год назад

amazing videos wish that all students and professionals be in ur channel all my support thanks for ur effort

@nataliacabrera8713 3 месяца назад

Thank you for this video . This helped me a lot to practice my financial English .

@AccountingStuff 3 месяца назад

No problem, happy to help :)

@FRANKWHITE1996 Год назад

Thanks for sharing.

@trex4561 Год назад

U R my fav teacher

@prabhakarsharma Год назад

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 Год назад

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.

@nicholastartaglia4276 Год назад

prepping for a new role in a new industry involving financial reporting and these video have just been too helpful

@AccountingStuff Год назад

Best of luck!!

@keziahcainoy7839 Год назад

Thank you! This helps a lot with my business, please continue making more helpful videos❤

@johnpedro466 Год назад

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.

@thelibrarian2189 Год назад

Thank you! Please consider video about impairment of intangible asset, PPE, etc.

@100AcreWoodz1 Год назад

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 Год назад

No problem! That's a great book

@ahmedismailbinamrai1080 7 месяцев назад

Great video, Thank you so much for your effort in simplifying such an important topic for non-finance people.

@AccountingStuff 7 месяцев назад

No problem, glad you found it useful!

@annajones6866 Год назад

Great video! Could you make more example scenario videos where you walk through the three financial statements

@user-cm9bh2sj3u 6 месяцев назад

Tons of valuable information, thank you so much. It helped me a lot.

@AccountingStuff 6 месяцев назад

No worries, glad you found it useful!

@sofiacardona9615 Год назад

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.

@Murtaza_Mohammadi 2 месяца назад

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 месяца назад

Thanks, great to hear you're finding these videos useful :)

@ashleycruz904 Год назад

Thank you!

@magus1603 Год назад

Will you do a video about the statement of stockholder's equity? Love your videos btw.

@poojasarkar5745 Год назад

Hi! I love your videos! Can you do one on DTA and DTL. That would be great

@sade.shaday17 8 месяцев назад

Simple and understandable, great explanation.

@AccountingStuff 8 месяцев назад

Glad you liked it

@joannacalhoun3914 Год назад

Love your content! Could you please make a video on bonds?

@lunamorris2091 8 месяцев назад

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 8 месяцев назад

Thanks, will do!

@hidayatijofri2345 Год назад

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 Год назад

Thanks for your request!

@PotterHarryPot Год назад

THANK YOUUUUU! 🎉🎉🎉

@choronical05 Год назад

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

@alexreyes7237 3 месяца назад

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 3 месяца назад

That always happens to me too!

@krutikaadatia Год назад

Love the creativity in your video content 💯

@AccountingStuff Год назад

Thanks Krutika :)

@youtuber.9624 Год назад

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.

@skeane Год назад

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?

@shelbyhoiland9282 Год назад

Can you do a video on understated and overstated adjustments? Your videos are really helping me comprehend accounting concepts. Thank you!

@cubixgirl 10 месяцев назад

Hi James Your video is very helpful..can u make a video explaining intercompany concepts and journals

@nivedithavr4476 8 месяцев назад

Thankyouu soo much for the video.... I am confident for my seminar 🥺

@AccountingStuff 8 месяцев назад

No problem, great to hear you found this useful!

@selousscout9664 Год назад

James. Please do a video clip on consolidating the balance sheet and cash flow statement.

@user-iz1kx9sk8b 8 месяцев назад

this video saved my life

@AccountingStuff 8 месяцев назад

Glad it helped!

@maritzadekock8699 Год назад

Hi James. Can you please do a video on notes on financial statements including accounting policies?

@abdullahamir2940 Год назад

please do a video on Accounting concepts and principles for instance; Prudence, matching, materiality, cost concept etc

@user-se5fw8de7q Год назад

thank you so much

@trex4561 Год назад

u r the guru

@analisthurman3499 Год назад

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

@briantaremwa9167 Год назад

I'm self employed thanks to you . i have gotten better in the accounting field

@johnpedro466 Год назад

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.

@Missginalove 10 месяцев назад

Thank god for you 😊

@farazshah5651 Год назад

Noice explanation and visuals

@veemwaniki3239 7 месяцев назад

You are a SAVIOR❤, thank you so much.

@AccountingStuff 7 месяцев назад

No problem, glad you enjoyed it

@giorgimaisuradze5950 Год назад

great channel

@FirstnameLastname-pu1hp 2 месяца назад

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 2 месяца назад

Thanks! I use Final Cut Pro to do all of my editing. Best of luck with your channel!

@ireenmkandawire5844 4 месяца назад

Thank you very much❤

@AccountingStuff 4 месяца назад

You're welcome 😊

@ILoveConsolidation Год назад

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.

@phareke Год назад

Thank you

@Vasokcool 9 месяцев назад

Very good! Thanks

@AccountingStuff 9 месяцев назад

Thanks!

@Moonlightbyu 2 месяца назад

amazing, thank you, sir

@AccountingStuff 2 месяца назад

You're very welcome :)

@AccountingandFinance Год назад

great content

@user-zo7pv3tf7s 2 месяца назад

This is so helpful

@AccountingStuff 2 месяца назад

That's great to hear!

@tonytanioria679 Год назад

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

@adityarajsolanki1941 2 месяца назад

Thankhu man for this doubt solving video

@AccountingStuff 2 месяца назад

No problem :)

@XPengMotors Год назад

One of the most powerful things one can learn. It allows you to invest successfully.

@pintotazzo Год назад

Thanks james

@susanrodriguez9438 Год назад

Could you make a video explaining the difference between capital gains and ordinary income?? 🙏

@deebaji Год назад

knowing cash flow statement basics is Good😊

@johnpedro466 Год назад

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

@chilufya-sf2bv Год назад

Very educative.. Keep up the good work James 💚💚 buh I think the subtitles should be removed or rather be transparent in the sense that they are hiding some of the important stuffs that is supposed to be seen clearly, my opinion.... Thank you

@shakirakim1797 6 месяцев назад

Love your videos!!...Can you do one for the consolidated financial statement please?

@AccountingStuff 6 месяцев назад

Thanks for your request!

@apostleinthemarketplace1145 7 месяцев назад

wow simplicity thank you so much

@AccountingStuff 7 месяцев назад

Glad you liked it!

@apostleinthemarketplace1145 7 месяцев назад

@@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