The BALANCE SHEET Explained with Examples! (aka. Statement of Financial Position / SOFP)
Tags: YouTube Description: 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.
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VIDEO LINKS
▪ QuickBooks Online USA (FREE TRIAL) → http://geni.us/jA9N
▪ QuickBooks Online Canada (60% OFF for 6 MONTHS) → https://geni.us/bNN7
▪ Assets → https://youtu.be/rOsuqG_J0t4
▪ Liabilities → https://youtu.be/fKRwT10Sszc
▪ Equity → https://youtu.be/Fr5oHEYrT2A
▪ T Accounts → https://youtu.be/kA9snSvCgW8
▪ Journal Entries → https://youtu.be/Y-_Q3rANyxU
▪ Trial Balance → https://youtu.be/3_PfoTzSCQE
▪ Trial Balance vs Balance Sheet → https://youtu.be/q7Nhj8vDD8M
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FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
▪ The Gear I Shoot With→ https://accountingstuff.co/faq
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DISCLAIMER
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#accounting #accountant #accountingstuff Views: 76 Category: YouTube URL: https://www.youtube.com/watch?v=YZyBSU6YdmM Embed This Movie (Minimal Player - Recommended):