How to create Financial Statements from scratch! A step-by-step guide!

[@TheFinancialController]

Level up your Accounting Career by enrolling in our 6-weeks program here controller-academy.com/courses/controller-academy

[@gobenabethlhem4325]

why didn't you include office supplies, PCs, Furniture expenses in the income statement ?

[@donmarksalvation]

Great refresher video

[@ivangellserquina8186]

The way you explained T-accounts is so much easier than the class I'm taking. Thank you for making this video and simplifying it. Subscribed!

[@jimstevetom]

Great work! You gave me more in 19 minutes than a whole semester of business finance!

[@onpointskills2402]

Thank you alot

[@utgfam876]

I agree 100%

[@gundalalebona262]

Indeed your one lesson was more valuable than the many I attended. You are appreciated❤❤❤❤❤❤❤

[@basshuntet6128]

As a business owner with no accounting background, this is really easy to follow. Thank you!

[@TheFinancialController]

Glad it was helpful!

[@bodehimself]

This is the best accounting class I've ever attended all my life, really broke down the principles to a basic level God bless you

[@krishnanseshamanikrishnan1950]

Amazing teaching technique ..wowwww it took so much time to understand in college time but its look very simple ...u r great

[@TheFinancialController]

It's my pleasure

[@MartyMac-dz2ln]

One of the best videos I've seen that covers the transaction process from start to finish. Clear, concise and easy to understand. Thank you very much!

[@TheFinancialController]

Thanks Marty

[@valeska973]

The world deserves more teachers like you! Good job Sir! Thank you for simplifying these concepts..

[@TheFinancialController]

Thank you for the kind words!

[@rebsalamify]

Well said 👏

[@bashsaeed]

Love the acronym. I remember learning another one: All Dogs Eat, Cute Little Red Rabbits (Dr.) Assets / Dividends / Expenses (Cr.) Common stock / Liabilities / Revenue / Retained earnings

[@saacidkaftan4795]

What is that acronym

[@rcuetojr1]

You have no idea how much your videos have helped me in my career in the last year. Realized you worked at Sprout as well in the past too. Thanks for all of this.

[@TheFinancialController]

Thanks Ramon!

[@shadiababirye540]

Not subscribing to this channel would be INAPRRIOPRIATE!!!...This is so excellent..I can boldly say, with this, excelling in my CPA exams is guaranteed..

[@TheFinancialController]

Haha thanks so much Shadia!

[@gregoryshed4302]

This is amazing! Would love to see a more complex example with different types of accounts (Accum depreciation, depreciation, Liabilities (short and LT) etc, Thank you !!!

[@kalifalettine4732]

Finally, English! Not sure why the textbook makes it seem so much more complicated. Got through 3 intermediate classes struggling through journal entries and the correlation on how to go through each step. Thank you so much

[@TheFinancialController]

Great to hear!

[@perisjelagat1895]

This is really wonderful 🙏🙏👌you made me understand very well

[@TheFinancialController]

Glad it was helpful!

[@jeffhorner5197]

I learned more here than a month's-worth of other sources. You explain this very well. Looking forward to watching all of your content - thank you!!

[@TheFinancialController]

Thanks Jeff!

[@imeldacabangon2277]

Finally, found the simplest explanation on how to make a Financial statement with its trial balance, income statement and balance sheet. God bless for this vlog. more of this if possible👍🙏

[@GloryKhahima]

Such a great teacher. Thank you

[@TheFinancialController]

You're very welcome!

[@sequoyahenderson9546]

Omg this was sooo much help thanks so much the videos from my professor have not taught me anything at all this is wonderful

[@slimanefouad9530]

Simple and clear. Thank you

[@TheFinancialController]

Glad it was helpful!

[@petertenay1785]

THA K YOU SO MUCH... YOU MY GOOD SIR JUST GAIN A NEW SUBSCRIBER... I took a whole semester and passed the class with an A, but I didn't understand a thing until now. That's because I was studying to pass the class, not to actually understand.

[@samjohn2814]

I just hand in an assignment and purposefully left off the financial statement because I just did not know how to do it, and I was working against the clock. I come here because I believe I owe it to myself to get a better handle on this. Thanks for your video.

[@TheFinancialController]

Glad it was helpful!

[@bizsetup8275]

Excellent presentation! I've never had formal training and it was learn-as-you-go from my counsellors at SCORE (SBA), trial and error. Thanks!

[@lahiruchathuranga9358]

Wow it’s great very simple explanation

[@ABDULREHMAN-vi6fm]

Way of teaching is very comprehensive.

[@fahadmunib2422]

LOVE THE ACRONYM! It's genius

[@TheFinancialController]

Glad it’s helpful

[@JDWilliamsPD]

Wow! This video is totally underrated and should have a million hits. Great job making something so challenging so simple to understand.

[@TheFinancialController]

Thanks for the kind words

[@brianmilesgaribay1462]

Honestly the best explanation I have ever seen

[@emmanuelscordos2240]

Hello Bill! I have an interview for a junior FP&A role next week for a big bank here in NA. I want to thank you for these videos, you helped me get up to speed with all my knowledge from University (Finance Major) and I'm much more confident now for this interview. Hope to see this channel grow!

[@TheFinancialController]

Thanks Emmanuel and best of luck 🤞

[@emmanuelscordos2240]

@@TheFinancialController Thank you Bill! Its the 2nd round interview and its with the recruiting manager (3rd interview would be the last and it would be with the hiring manager). I'm contemplating if I should ask questions regarding for example certain industry trends/challenges or more specific questions to some elements from their financial statements. Would that be a bit too much? (Example, I noticed the firm's liquidity seems relatively high, how does "Bank Name" plan on facing the post-pandemic challenges of lower demand for loans/mortgages?"

[@susanaafful2654]

You so good. Easy to understand.which initially feared.thank you so much

[@TheBrillantGrp]

I’m so glad you made this video! I learned more than the three accounting classes I took in college

[@aspectoflife]

very comprehensive and compact concepts to understand accouting ,thanks

[@pdunney5263]

The best shortest accounting lesson ever, great job well done!

[@TheFinancialController]

Wow, thanks!

[@hazelgracelegaspi3908]

Thankyou for this video! I'm applying for accounting clerk and this explains a lot better✨

[@creativeinspirations8200]

Just watched and took notes from the video you did 2 years ago. Now I'm excited to watch this one. Thank you!

[@TheFinancialController]

Glad it was helpful!

[@marcosbarcala6249]

Thanks for the video, great explanation

[@melissarogers1271]

Thank you so much!! I literally needed someone to work through a problem from start to finish--Thank you--Online courses without instructor videos are brutal. You are so appreciated.

[@mphasamatsanya3682]

Thank you very much. For the first time, even after university degree do I understand this statements logically. May God bless you. I liked and subscribed. It was worth it.

[@TheFinancialController]

Glad it was helpful!

[@TinaParks-d4s]

I've been trying to learn this for weeks because I don't have time to take a class. Today, this finally makes sense.

[@TheFinancialController]

Thanks for watching!

[@HUMPHREYBALLKIDITUA]

You made it look so. I just got an A on my exam !!! 👏🏽👏🏽👏🏽👏🏽

[@timmusumba5846]

Very simplified way of explaining and breaking down everything!

[@NakaylaSadie]

I am passing my midterm because of you ! Thank you thank you !

[@jorgesarahchannel3082]

You have opened up my mind ! Your genius ...hat off !!

[@michaelmurphy8152]

I started a business and had to go back and re learn accounting. Spent my college days following stocks lol. This video was super helpful thanks for sharing!

[@TheFinancialController]

thanks brother

[@WitchyGirl]

Retained earnings explained in a way that doesn’t make my brain ache! Thank you! 🎉

[@abrahammanzo2455]

Great big Overview of the Process from entries to Fin Statements! Thanks for your work!

[@TheFinancialController]

Thanks Abraham!

[@teamtouhuni1602]

Brilliant information for a small startup company... Thanks so much! Great Video

[@camilleho596]

Thanks a lot! Finally know how to do it the day before my test. Very clear and simplified!✨

[@TheFinancialController]

Glad it’s helpful!

[@rebsalamify]

Totally same thing happened to me seen 100 videos all confused me more and more except for this one.

[@wingfieldhlazojunior6237]

@@TheFinancialController Amazing lesson. I am kindly requesting for the link to download the free financial statements spreadsheet. Thanking you in advance 🙏🏽

[@krishnanseshamanikrishnan1950]

​@TheFinancialController do you give have tuitions or trainings ?

[@liliannwanlem9411]

Okay!!! You are an amazing teacher and you just earned a subscriber. I was writing a business pitch and I was asked of my financial statement. Watching your video got me feeling like I have known this before now.....PS:: I am a science student and know nothing about accounting. Thank you so much sir. I love you

[@TheFinancialController]

Thanks Lilian!

[@KrawdReaxion]

Hi, I’m in Durban , South African 🇿🇦 and just watched this whole video today 2022/05/10 and you explain things so simple. Thank you for you time & the amount of work you put in for this content it really helped me.. I’m just a beginner to this world of Accounting

[@financestrategist2137]

Read and watched like 10 articles in combine for the past few weeks.... Stumbled on this yesterday making this the eleventh (2022/09/28) and now the previous 10 all makes sense... Like was I sleeping since 😂😂😂.... Really appreciate him for the basics, some people like me, understand better when you are able to explain, define and illustrate the basics of a concept with the most creative ways possible.... This guy did that .... To his surely is going to be my Go to channel in my career on finance

[@FANSasFRIENDS]

Thank you very much, sir! You really saved me as tomorrow I have test...

[@emeraldbeasley2184]

taking a booking keeping class online and i was drowning. Thanks for breaking things down the way you do certainly filled in some holes for me!

[@smitajaiswal5857]

Really easy to understand .never got it this straight in my academics.thnx again

[@TheFinancialController]

Thanks!

[@hobissprite928]

This is perfect! Examples are so helpful to me and I need to see every step along the way. Thank you!!

[@TheFinancialController]

Great!

[@akeelvaliyakath4056]

Crisp and clear Wish I had a mentor like you when studying..!

[@ShabirFaizi-l9z]

Great content! This is the first video I've watched from you, and I learned a lot. You earned my subscription in just one video. You're an inspiration! Keep it up, and thanks a lot.

[@TheFinancialController]

Welcome aboard!

[@Womanofchristlifestyle]

Such an amazing teacher. Thank you for being a blessing to us all

[@TheFinancialController]

You are so welcome

[@jrhhew]

Thank you!! takes me back to accounting class in college- appreciate this content man.

[@shakeelsattar3190]

Thank you ...you are my new teacher now

[@Christvision640]

You are a great lecture,I have learned what I haven't learned in school from you thanks so much God bless you sir

[@evansjuma3831]

Very well articulated and simplified, great work man!

[@TheFinancialController]

Thanks evans!

[@evansjuma3831]

@@TheFinancialController I'm still waiting for your Tutorial on ''KPI's- Advanced Level'', the beginners level was very insightful

[@pranayakhadka3507]

Straight to the point bro. Thanks

[@leninsonjob2200]

Easy to understand. Great job

[@King-wk3hz]

As always very good explanation. I just had one request, could you please make a video on preparation of monthly, quarterly and annual financial statements and important steps to remember while preparing for the same. Keep up the good work!

[@TheFinancialController]

Thanks 🙏 will do

[@akufia3524]

@@TheFinancialController will be waiting. definitely subscribed.

[@ashwinathakooree1753]

Thank you so much for this! So helpful 👏🏼

[@TheFinancialController]

You're so welcome!

[@lisakibler458]

This is so helpful and so well presented! Thank you!!

[@TheFinancialController]

Glad it was helpful!

[@emmanueltaunou4421]

Love the content. What a great teacher.❤️. Hats 🎩 off to you Bill 👒

[@ramajaya811]

Thank you so much. From your explanation, i could figure out that, income statement should be made before the balance sheet

[@TheFinancialController]

You got it, correct. First income statement then balance sheet, and then cash flow statement.

[@Blackgirlsnutrition]

OMG! super helpful... you make it easy to understand... thank you!

[@ameliaterrell5974]

This is it....this is it right here...THANK YOU MR. HANNA!!!😊

[@TheFinancialController]

You're welcome 😊

[@erikca10]

Your videos are a blessing. Thank you for taking the time to share your knowledge.

[@chepkuruiconcepter5824]

I wish I got this channel earlier, the explanation is on point. Thanks Bill

[@TheFinancialController]

Thank you for watching!

[@NeetishaKalicharan]

Amazing work! Very informative and simplified 💯

[@TheFinancialController]

Glad it was helpful!

[@darlingtons.kolleh3400]

Thank you Sir. This is really helpful to me, I am new to this Accounting sector and is really curious to learn this.

[@liona009]

oh my gosh! this video is an EXCELLENT crash course in accounting. I studied business in school but really needed to refresh my memory of accounting to complete some financial statements for an NGO that I volunteer with. thank you so much.

[@reds.8995]

This is also one of the very important questions in my accounting interview!👍👍

[@TheFinancialController]

Great thanks 🙏

[@evaeva-ju5pd]

You are such an excellent teacher. Not to be selfish but please post more videos. Thank you 😊

[@TheFinancialController]

Thank you!

[@jackiepape-sw7sg]

Learning made very simple. Thanks a lot 🙏

[@AbdulQadir-gf5nv]

Thank you Mr. Controller… keep up with such highly admirable work !

[@corrinegraham6452]

Thank you! Concise and clear instructions! You've certainly made my learning fun!

[@TheFinancialController]

Thank you for the kind words

[@shaminisandupama8911]

Amazing!! Amazing !! Amazing !!, this video was sooo helpful and clear. Thanks a lot

[@bunce-qh9ot]

How do I scream FANTASTIC VIDEO as loud as I can. Thank you so much.

[@jasonoftheworld6996]

as someone who's self teaching themselves to become a bookkeep this was great

[@jox8568]

very simple and well explained thank you so much!

[@aleemsubhani520]

Thank your these refresher videos, very helpful indeed.

[@alemuabate4234]

Thank you for your clear and smart presentation. it enables to recall and do better accounting processes.

[@rangarajanm1111]

I really appreciate your help taking the time to posting quality content. the only reason why I come to youtube is to watch your videos, thank you, sir

[@TheFinancialController]

Thanks Ranga!!

[@nuramirahsharifuddin6009]

Learn accounting in 19mins only! Great video!

[@shannonday4635]

Great job Bill! Really good at breaking things down. Very useful content 👍🏽

[@TheFinancialController]

Great thanks!

[@dixonlemayian7335]

Hi shannon

[@rifkhanhtc]

Thank you Bro for this video. I am learning more from your videos for my work. Please keep making more videos. 👍

[@TheFinancialController]

Thank you, I will

[@melaniemarquez6167]

Thank you so much Sir Arthur, now I know on how to prepare FS, JE, TB, and etc :)

[@sarahjolley1350]

hey great video! very clear to understand! just wanted to make aware "expense" is missing the "e" at the end!

[@emanelbanna6735]

This was an amazing informative lecture. Thank you

[@BRASILAFONSO]

Helo Controller, I m accountant in Brazil was a great explantion, thank you

[@wingfieldhlazojunior6237]

This is an amazing lesson. You broke it down in very simple terms. This makes accounting look very easy. It gave me a hard time in university. Kindly share the link to download the free financial statements.

[@aaroacademy]

Thank you, this lesson is very valuable!

[@RajagopalanLaxminarayanan]

Very nice and simple. You sir, made it look so easy

[@TheFinancialController]

So nice of you!

[@Unbound_Thought]

Good job, really clear, kinda makes me want a whiteboard! 😂

[@TheFinancialController]

Cheers! Glad you like it

[@IcelElBes]

Very intriguing, and the method of explanation is superb.

[@TheFinancialController]

Glad you think so!

[@brk2507]

Good job. Now for cashflow and dcf and my world will be complete. 🙂 Hopefully u can post how to make cashflow and dcf statements

[@b.f.burton6888]

You deserve 5 Stars💯

[@continuous24]

Great work! You get 100 out of 100 in video making. Carry on please.

[@TheFinancialController]

Thanks brother