The Accounting Balance Sheet - A Detailed Guide
Published 10/2024
Created by Hasan Hanif
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 9 Lectures ( 2h 57m ) | Size: 1.31 GB
Unlocking the Balance Sheet Preparation and Understanding in Detail
What you'll learn
Understand the structure and purpose of the balance sheet, and how it fits into the overall financial statements of a company.
Identify and classify the various components of a balance sheet, including current and long-term assets, current and long-term liabilities, and equity
Prepare a balance sheet from scratch by correctly organizing assets, liabilities, and equity into their respective categories.
Understand the accounting equation and how it ensures the balance sheet balances with total assets equaling the sum of total liabilities and equity.
Requirements
No real prerequisites are needed. This is an introductory level course.
Description
Are you ready to master one of the most important financial statements in accounting? The balance sheet is a critical tool for understanding a company's financial position, and this course will guide you through everything you need to know.In this course, we'll break down the structure of the balance sheet, explore its components, and teach you how to create balance sheets from scratch. You'll learn how to classify assets, liabilities, and shareholders' equity, and understand how they fit together to provide a complete picture of a company's financial health.What You'll Learn:The Structure of the Balance Sheet: Learn how the balance sheet reflects a company's financial position by showing its assets, liabilities, and equity.Classifying Assets and Liabilities: Understand the difference between current and long-term assets and liabilities, and how they are presented on the balance sheet.Shareholders' Equity: Explore the equity section, including common stock, preferred stock, retained earnings, and contributed surplus.Practical Balance Sheet Creation: Apply your knowledge by working through a comprehensive example where you'll create a balance sheet based on real-world data.No prior accounting experience is required! Whether you're just starting or need a refresher, this course is designed to take you step-by-step through balance sheet fundamentals and build your confidence.Why This Course?By the end of this course, you'll have a thorough understanding of how to read and create balance sheets.Let's get started and dive into the world of balance sheets together!
Who this course is for
This course is for all those looking to gain an understanding of the balance sheet from an introductory perspective, whether accounting students, or student of other disciplines looking to learn accounting (18+). There is no specific target audience - the target audience is broad-based.
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