FINANCIAL STATEMENTS: all the basics in 8 MINS!

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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
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#accounting #financialstatement #accountingstuff

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[@AccountingStuff]

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

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[@AccountingStuff]

You're very welcome!

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

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[@AccountingStuff]

Great to have you on board!

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

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[@AccountingStuff]

Glad it was helpful!

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[@AccountingStuff]

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

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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.

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[@AccountingStuff]

Thanks, all the best in your studies

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[@AccountingStuff]

No worries, glad I could help

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Thanks, glad you found the video useful!

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[@AccountingStuff]

For sure!

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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?

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

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No worries, glad you found it useful!

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[@AccountingStuff]

Glad you liked it

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Love the creativity in your video content 💯

[@AccountingStuff]

Thanks Krutika :)

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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.

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

[@AccountingStuff]

No problem, happy to help :)

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[@AccountingStuff]

Glad to hear you enjoyed it :)

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[@AccountingStuff]

No problem, glad you found it useful!

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

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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]

Thanks for your request!

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Best of luck!!

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Thank you!

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

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That always happens to me too!

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[@AccountingStuff]

No problem! That's a great book

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[@AccountingStuff]

No problem, great to hear you found this useful!

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[@AccountingStuff]

Thanks, will do!

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

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

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

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this video saved my life

[@AccountingStuff]

Glad it helped!

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thank you so much

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wow simplicity thank you so much

[@AccountingStuff]

Glad you liked it!

[@apostleinthemarketplace1145]

@@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

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Very good! Thanks

[@AccountingStuff]

Thanks!

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great channel

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Thank you very much❤

[@AccountingStuff]

You're welcome 😊

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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?

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

[@johnpedro466]

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]

Thank god for you 😊

[@youtuber.9624]

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.

[@cubixgirl]

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

[@phareke]

Thank you

[@maritzadekock8699]

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

[@Moonlightbyu]

amazing, thank you, sir

[@AccountingStuff]

You're very welcome :)

[@FirstnameLastname-pu1hp]

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]

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

[@selousscout9664]

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

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You are a SAVIOR❤, thank you so much.

[@AccountingStuff]

No problem, glad you enjoyed it

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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

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Noice explanation and visuals

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u r the guru

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This is so helpful

[@AccountingStuff]

That's great to hear!

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

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1st of all, THAT was excellent. Just subscribed...

[@AccountingStuff]

Thanks, great to have you on board!

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great content

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Really good video.

[@AccountingStuff]

Thanks!

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Thankhu man for this doubt solving video

[@AccountingStuff]

No problem :)

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Thanks james

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Thanks 👍 and I was surprised when I saw our Ukrainian money in a jar, it was funny. But any way, thank you for video. For me who learning English it was very helpful.

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Haha, yeah I was also like “whaaaat?”))

[@analisthurman3499]

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

[@trish4560]

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!

[@xxunicornxx7803]

Is it weird that I listen to these in my car because it's relaxing to listen to. Don't even study finance, thanks for the great content 😂

[@shakirakim1797]

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

[@AccountingStuff]

Thanks for your request!

[@chilufya-sf2bv]

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