Скачать с ютуб How The BALANCE SHEET Works (Statement of Financial Position / SOFP) в хорошем качестве

How The BALANCE SHEET Works (Statement of Financial Position / SOFP)

💥Balance Sheet Cheat Sheet → https://accountingstuff.com/shop 🖊Balance Sheet Practice Questions → https://accountingstuff.com/practice-... The 'Balance Sheet', or 'Statement of Financial Position' (SoFP) is one of the three major Financial Statements, along with the Income Statement and the Statement of Cash Flows. In this tutorial, you'll find out what the Balance Sheet is and how to derive it using the basic principles of 'Double Entry Accounting'. Together we'll build our own Balance Sheet from scratch using six example transactions. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:34 - Why the Balance Sheet is Important 01:42 - What a Balance Sheet Looks Like 02:16 - Balance Sheet Definition 02:40 - Rule: Assets = Liabilities + Equity 03:05 - Past vs Present 03:54 - Core Principle: Double-Entry Accounting 04:35 - The Basic Accounting Equation 04:58 - The Balance Sheet is a Snapshot 05:16 - How to Make a Balance Sheet 05:42 - Current Assets Definition 05:56 - Non-Current Assets Definition 06:15 - Current Liabilities Definition 06:28 - Non-Current Liabilities Definition 06:35 - Equity and Retained Earnings 07:28 - Balance Sheet Example 11:01 - Retained Earnings: Linking the Income Statement and the Balance Sheet 🔝 CLOUD ACCOUNTING SOFTWARE ▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N ▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7 ▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1... 🔗VIDEO LINKS ▪ Assets →    • What are Assets? (Let's Break Them Down)   ▪ Liabilities →    • What Are Liabilities? (SIMPLE Explana...   ▪ Equity →    • What Does Equity ACTUALLY Mean?   ▪ T Accounts →    • T Accounts Explained SIMPLY (With 5 E...   ▪ Journal Entries →    • How JOURNAL ENTRIES Work (in Accounting)   ▪ Trial Balance →    • The TRIAL BALANCE Explained (Full Exa...   ▪ Trial Balance vs Balance Sheet →    • TRIAL BALANCE vs BALANCE SHEET   🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🚶FOLLOW ME ON ▪ Instagram →   / accountingstuff   ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / thisisaccountingstuff   🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist →    • ACCOUNTING BASICS for Beginners (Whol...   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountant #accountingstuff