Principles of the Balance Sheet. A mini crash course with everything you need to know

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Chapters:
00:00 Intro
01:32 Chapter 1 - Balance Sheet Basics Explained
10:05 Chapter 2 - Transaction Flow
27:33 Chapter 3 - Relationship between IS & BS
35:46 Chapter 4 - US GAAP & BS Accounts
53:30 Chapter 5 - Asset Analysis
01:02:17 Chapter 6 - Liabilities Analysis
01:09:36 Chapter 7 - Common Errors
This video is a mini course on the balance sheet. I will walk you through the basics and the relationship with the Income Statement and Cash Flow Statement. This video is suitable for Accounting beginners and those who want to refresh their skills.
Download file shown in video [free]:
thefincontroller.com/p/cash-f...
Video mentioned on the relationship between the 3 statements:
• Interview Question: Ho...
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All views expressed on my channel are mine alone. Not intended as financial or professional advice

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You play a crucial role in preparing the next generation for lucrative careers in finance & accounting!

[@TheFinancialController]

thank you!

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Not just next gen, even the present gen

[@juliearuna9021]

I agree!

[@user-zx2zt6kg5d]

I'm preparing for my new job, I'm graduated last year, and in the process of building a career in accounting, and this help me a lot to strengthen my foundation and confidence about our field. You are a blessing! Thank you so much!

[@yamiletheisele500]

Thank you so much. I appreciate your great efforts! You're awesome!

[@madhunittor]

Thanks a lot! Amazing explanation as always. Looking forward to more.

[@amarnathmithinti3555]

I liked the US GAAP presentation for each line item in Balance Sheet. Keep going and provide more videos. 💌 from India

[@CLJINDUSTRIESINC]

This is by far the best video I have ever seen...

[@pamelameadows9993]

Legendary of Accounting!!!

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This video is stunning!!!!!

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Your explanations are on point. I have learnt a lot.

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Great starting about accounting rule of law.

[@createdtoworship2552]

This is Great! You’re an excellent teacher and very thorough. I’ve been a GL accountant for years comfortable in my day to day duties but got away from some of these basic principles because there is so much automation now. Thank you for this and I plan on signing up for your controller classes. 🙏🏽

[@TheFinancialController]

Glad it was helpful!

[@raphaeltarazy3869]

Thank you, Bill.

[@jorgemunoz3009]

Hey Bill, you are my man on this kind of crash courses simply excelente and useful. Tanks

[@TheFinancialController]

Thanks Jorge!

[@gorgedeloup]

Great content, thanks man!!!

[@Matrixway69]

Look forward to taking the course

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Your method of explaining any topics in very easy way based on real business scenario based on Excel calculation which is easily understandable to anyone, I m learning too much by ur content, I m highly thankful 2 u for providing us such amazing content. God bless u ..

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The way u explained is very simple and highly understandable and deep . In this short video u gave 100% . Thank u so much I highly appreciate you effort and time u are giving us . God bless u

[@jessicafernandez8151]

Thank you. You are amazing! Such a great refresher!

[@TheFinancialController]

Glad it was helpful!

[@bhavanic9218]

Thank you sir 🙏 it's really useful for me right now .

[@cindylove7529]

thank you Sir!!❤❤

[@alyaniali6829]

Easy to grasp.. Thanks for not giving up making content for us

[@TheFinancialController]

My pleasure!

[@lukongdesmond7816]

Thanks a lot Mr Bill. You have enlightened me a lot on pertinent issues on this topic. 100 thumbs up!

[@TheFinancialController]

Glad it was helpful!

[@alionakavalevich8206]

Thank you you're such a great instructor

[@TheFinancialController]

I appreciate that!

[@steffynandhini7365]

The best page I could ever find!! Learnt the concepts very clearly without any doubts! All the topics are neatly put up! thanks :) This is gonna help me for a longer run from Jr.acc to FC :) I am gonna head up to night before Accounting interview and BRC next. Thanks Bill Hanna

[@TheFinancialController]

You're very welcome!

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Awesome videos. Very informative and educational. Thank you! 🫰

[@TheFinancialController]

So nice of you

[@user-ts7bm9kl2n]

Wonderful

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Thank you for your video, you explained it very well.

[@TheFinancialController]

Glad you enjoyed it!

[@gianlucasabene7191]

Awesome! it will take me a couple more watch times to fully grasp it! hopefully! awesome content! keep it coming! I'd also would love your insights with analyst expectations and possibly companies press releases that might guide future expectations! thank you for the awesome work!

[@TheFinancialController]

Thanks! Will do!

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Very helpful video

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As an entrepreneur I'm only starting to get a hang of finance now, thanks to channels such as this.

[@TheFinancialController]

Welcome to the channel!

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Thank you Bill for this effort, I never learned more easier ever than this video even in my school years.

[@TheFinancialController]

You're very welcome!

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Thanks watching from India 🇮🇳

[@arpandoshi9878]

Fantastic explanation. Thank you 🙏

[@TheFinancialController]

Glad you liked it

[@manabiangbeneng56]

Well explained, thank you for this vital and informative lesson. 👍

[@TheFinancialController]

My pleasure!

[@tryme113]

Thank you!

[@TheFinancialController]

You're welcome!

[@youtube_vedios_shotrs]

Thank you sir

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You make it eassy for everyone to learn and understand how accounting works😊 Appreciating for your great efforts and sharing your knoweldge.

[@TheFinancialController]

It's my pleasure

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Thanks❤

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Thank you very much for a clear explanation ❤

[@TheFinancialController]

Glad it was helpful!

[@muhumuzabernadette1122]

Thank you so much….God bless you

[@TheFinancialController]

You are so welcome!

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I am trying to study the company to buy some shares (index fund) Video is very helpful

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Fan from India..love ur content

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your simple explanation give me inspiration to continue study master of accounting & get CA.

[@TheFinancialController]

So happy to hear this!

[@jasonnevel4142]

This is such a good video, thank you so much for your knowledge- from an accounting student

[@TheFinancialController]

Glad it was helpful!

[@DR-pm6xm]

Hi sir can you make an detail video on inventory and profit and loss same like this.

[@CLJINDUSTRIESINC]

Hello Bill. Your information is amazing. Do you have any training, practice, Excel files, or one-on-training for completing the schedule L and associated M1, M2, and M3 ? I run into this when I do taxes for corporations and partnerships.

[@yourcfoguy]

Well done here Bill!

[@TheFinancialController]

Thank you Josh!

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Thank you so much!! I am waiting ıncome statements and payroll statements as well

[@TheFinancialController]

Coming soon!

[@mahmoudalshami1557]

So do I

[@waldeh881]

I have learnt more from these videos than from my work in recent years 😁

[@TheFinancialController]

Great to hear!

[@innocentihesikoma8829]

You’re the best sir. Please is there any link I can download the pdf of this great lesson

[@HD-xh3fk]

Hi Bill, what happened to the return items (resellable) that customers no longer needed ? Thank you.

[@MaritsaDarman]

People can also can change the accouting period and set the balance sheet to be out of balance so check that too

[@sergeiivanov7721]

Спасибо!

[@hassanzahoor9811]

from where do you get the credit sales on DSO formula?

[@bhaskerchitti9505]

Bro ur lectures are superb. My kind request you to release videos for US GAAP Course

[@AmalALBAlawi]

Thank you sir. I am MBA student, I was so cofused and lost in Finance classes you made it so much easier and fun for me :)

[@TheFinancialController]

Happy to help!

[@joshuakitheka3712]

How long does the principle of historical cost remain relevant

[@markolive4708]

Great presentation. How can I get in contact with you? I have a question and I was wondering if you can help me with that.

[@ruthchada6102]

Bill, I have 2 questions. First off thank you for the video on the above topic. I am an accounting grad with 2 years of accounting experience in b2b accounts receivable with the exception of maybe prepping journal entries. I mainly did collections, billing, revenue reporting, refunds, and few other duties like prepayment reconciliations.I am seeking my first full house accounting job. My question is what skills can i learn and practice that will help me in a new job? Also does my watching videos like this and studying things like forecasting help my resume even if I haven't done them for a company yet? For example software engineers can practice leetcode and then list it on their resume and prove the skill. I would like the accounting equivalent of this. I want to continue improving even while between jobs. I will also be starting a temporary bookkeeping job soon. Thank you for your time.

[@TheFinancialController]

I'd focus on nailing down Accrual Accounting (both revenue and expenses) and Month end Close

[@AccountingGurru]

Hello sir, sir what is the difference between accrued expenses and deferred revenue because sir that these both re obligation so sir if you have time kindly sir let me know about it

[@juletwalters]

Hi, how do I sign up for your classes I’m just starting to learn about Cycle of Cash and I really do understand what I’m doing as I’ve never done accounting before, but I’d love to learn for my classes and for future job. Thanks.

[@TheFinancialController]

Hi here is the link: thefincontroller.com/p/controller-academy

[@aswinraja3058]

Hi sir, I am from India. Currently preparing for CMA Exam and thank you very much for your insights and guiding students like me to enhance a career in finance🎉 Always grateful to your videos❤

[@TheFinancialController]

All the best!

[@puregamer6599]

Hi hello if you collected your money from account receivable to cash the account will be not balance because I’m short 150 in Equity and Lability because I debit cash and credit AR but not so sure what to do ? To make it balance in short I collected the cash in increased cash but in the Liability and equity remained unchanged which caused my balance sheet unbalanced.

[@kathyho3985]

Do you do one on one coaching ?

[@TheFinancialController]

yes, there is contact page on my controller academy website

[@srisridaran05]

Thanks for the video, do we really need a professional degree like CPA or CFA, CA to be a financial controller or only based experience we can be a controller?

[@TheFinancialController]

4 year finance related degree and experience can be enough. Professional certification like CPA makes you more marketable

[@srisridaran05]

Thanks bill for your update. 👍

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❤

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Sir can u teach me cma usa certificate I just want to know if you teach that 🙏 it would be great

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use code 40Friday for 40% off

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[@ankitpatil3490]

One suggestion/request: Can you please add chapters to the video? Thank you for the video.

[@TheFinancialController]

Done!

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Use smaller numbers

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Same fictitious company is used throughout my accounting courses.🤣

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[@FRANKWHITE1996]

❤