Ace your Finance assignment!

How to prepare balance sheet and income statement from Trial balance and adjusting journal entries, and then calculate financial ratios.
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Comprehensive guide on mastering your finance assignment! In this video, we'll walk you through the entire process of transforming a trial balance into a complete set of financial statements, perfect for undergraduate finance students and anyone looking to enhance their accounting skills.
What You'll Learn:
Understanding the Trial Balance: Learn what a trial balance is and why it's crucial in the accounting cycle.
Making Adjusting journal Entries: Discover how to adjust entries based on additional information not included in the trial balance.
Preparing Financial Statements:
Balance Sheet: Step-by-step guide to compiling a balance sheet.
Income Statement: Detailed instructions on preparing an income statement.
Calculating Key Financial Ratios:
Profitability Ratios: Understand and calculate important ratios like ROCE, Profit margin on sales, and Assets turnover ratio.
Gearing Ratios: Learn how to assess financial leverage using ratios like Debt-to-Equity and Interest Coverage Ratio.
Why Watch This Video?
Student-Focused: Tailored for undergraduate finance students with practical, assignment-based examples.
Clear Explanations: Easy-to-follow steps that break down complex accounting concepts.
Visual Aids: Helpful examples to reinforce learning.
Exam Preparation: Ideal for exam review and understanding key concepts required for finance courses.
Tags:
#FinanceAssignment #TrialBalance #FinancialStatements #AdjustingEntries #BalanceSheet #IncomeStatement #ProfitabilityRatios #GearingRatios #AccountingTutorial #FinanceStudent #AccountingBasics
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If you would like to learn in detail, how to calculate sales variances and the impact they have on sales $, profit $ and profit margin %, and how to explain performance vs budget and prior periods, click on the link for a detailed video course (at a special price). You will also learn how to analyse and present the results of the variances to management and will be able to download solved variance calculation Excel templates. ebitda.thinkif....
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[@HamadKhan-vf4sp]

thank you sir very nicely explained thanks alot keep it up

[@LearnAccountingFinance]

Most welcome

[@OMAR-ol1si]

Thank you. Well explained. Shall appreciate if you can please upload the excel data sheet

[@NitinKumar-pw2hf]

Thank you sir

[@rizwanarizzu346]

Hi sir i would love to get a job as an accountant but i dont know anything just learnt for the sake of exams but i would like to learn how accountant work in a company from starting that is from passing a journal entry to balance sheet. There are many terms such as cash flow ratio analysis etc so does an accountant does these all what should an accountant need to know

[@i.5mviews923]

pls provide the data sheet