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

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  • Опубликовано: 26 янв 2025

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  • @soheltamboli6626
    @soheltamboli6626 Год назад +65

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

  • @SunshineGomez-q3t
    @SunshineGomez-q3t Год назад +8

    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!

  • @steffynandhini7365
    @steffynandhini7365 10 месяцев назад +2

    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

  • @createdtoworship2552
    @createdtoworship2552 11 месяцев назад +4

    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. 🙏🏽

  • @alexandraparri
    @alexandraparri 3 месяца назад +1

    Another valuable video, thank you! Can you please make a video about cash flow forecasts/budget reports and how to perform company valuations?

  • @jorgemunoz3009
    @jorgemunoz3009 Год назад +4

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

  • @MeetYosef
    @MeetYosef 5 месяцев назад +2

    Your stuff is 🔥, I am in the first year or running my own company and am in the phase where I have wear every hat in the business. Thank you!

  • @yassierhussain585
    @yassierhussain585 6 месяцев назад +3

    this guy is awsome. i dont have faith in universities anymore!

  • @lvngleyptyltdnorthsideva1148
    @lvngleyptyltdnorthsideva1148 10 месяцев назад +2

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

  • @amarnathmithinti3555
    @amarnathmithinti3555 Год назад +3

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

  • @shuyebrizvi6002
    @shuyebrizvi6002 Год назад +4

    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 ..

  • @KeylaMolero-d5e
    @KeylaMolero-d5e 5 месяцев назад

    This class is awesome!!! I have been an accountant for more than 15 years, but there are things that I didnt know. Thanks

  • @alicerhulekwofie1779
    @alicerhulekwofie1779 3 месяца назад

    Great video, I’m really learning a lot through your videos. Thank you

  • @ahabjordan
    @ahabjordan Год назад

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

  • @alyaniali6829
    @alyaniali6829 Год назад +2

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

  • @Caramel1311
    @Caramel1311 6 месяцев назад

    The best tutor by far! even better than my MBA finance professor.

  • @U.S.TaxExpert
    @U.S.TaxExpert Год назад

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

  • @sirib1285
    @sirib1285 4 месяца назад

    Really grt speech.i am following yr videos.Thanks a lot.

  • @yamiletheisele500
    @yamiletheisele500 Год назад +3

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

  • @widevision6121
    @widevision6121 Год назад +1

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

  • @savitavaidya-z3g
    @savitavaidya-z3g Год назад

    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

  • @gianlucasabene7191
    @gianlucasabene7191 Год назад

    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!

  • @pamelameadows9993
    @pamelameadows9993 10 месяцев назад

    Legendary of Accounting!!!

  • @esmatullahsaadat9537
    @esmatullahsaadat9537 Год назад

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

  • @AmalALBAlawi
    @AmalALBAlawi 8 месяцев назад

    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 :)

  • @JUNAID37966
    @JUNAID37966 Год назад

    Thanks watching from India 🇮🇳

  • @ariaprofit2593
    @ariaprofit2593 8 месяцев назад

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

  • @DR-pm6xm
    @DR-pm6xm Год назад +2

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

  • @jessicafernandez8151
    @jessicafernandez8151 Год назад

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

  • @lukongdesmond7816
    @lukongdesmond7816 Год назад

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

  • @prasadshetty8356
    @prasadshetty8356 4 месяца назад

    Great learnings. I am not really good in accounting softwares so is it possible to get all statements from an MS excel income and expense sheet updated daily

  • @stefanmuller9653
    @stefanmuller9653 4 месяца назад +1

    When its 1am and you find yourself watching accounting videos on youtube...

  • @Lucky_Bamboo.
    @Lucky_Bamboo. 16 дней назад

    Hello, thanks for the content!! Helps a lot, how can you please provide the link to download the spreadsheets on the is video

  • @manabiangbeneng56
    @manabiangbeneng56 11 месяцев назад

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

  • @waldeh881
    @waldeh881 Год назад

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

  • @emmanuelhabte4491
    @emmanuelhabte4491 8 месяцев назад

    Great starting about accounting rule of law.

  • @mirelarupic6531
    @mirelarupic6531 Год назад

    This video is stunning!!!!!

  • @alionakavalevich8206
    @alionakavalevich8206 9 месяцев назад

    Thank you you're such a great instructor

  • @jacintagugu6635
    @jacintagugu6635 Год назад

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

  • @aswinraja3058
    @aswinraja3058 Год назад

    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❤

  • @Matrixway69
    @Matrixway69 Год назад

    Look forward to taking the course

  • @sindisiwemajola1108
    @sindisiwemajola1108 4 месяца назад

    So numbers within a parenthesis (brackets) go in a different direction to the assets section in the liability section?

  • @jasonnevel4142
    @jasonnevel4142 Год назад

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

  • @hassanzahoor9811
    @hassanzahoor9811 Год назад

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

  • @madhunittor
    @madhunittor Год назад

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

  • @elsiemillena6947
    @elsiemillena6947 Год назад

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

  • @MaritsaDarman
    @MaritsaDarman 10 месяцев назад

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

  • @reliefhomeservices1654
    @reliefhomeservices1654 9 месяцев назад

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

  • @raphaeltarazy3869
    @raphaeltarazy3869 8 месяцев назад

    Thank you, Bill.

  • @arpandoshi9878
    @arpandoshi9878 Год назад

    Fantastic explanation.
    Thank you 🙏

  • @M00Nlighteristhere
    @M00Nlighteristhere 11 месяцев назад

    Thank you very much for a clear explanation ❤

  • @ruthchada6102
    @ruthchada6102 Год назад +4

    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
      @TheFinancialController  Год назад +1

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

  • @bhaskerchitti9505
    @bhaskerchitti9505 Год назад

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

  • @dogancanozel9438
    @dogancanozel9438 Год назад

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

  • @yourcfoguy
    @yourcfoguy Год назад

    Well done here Bill!

  • @rashadbabakir8955
    @rashadbabakir8955 Год назад

    Thanks for this vedio, I like an advance in this subject

  • @gorgedeloup
    @gorgedeloup Год назад

    Great content, thanks man!!!

  • @KhalidJali
    @KhalidJali 27 дней назад

    Please, we need a video about cash flow statement analysis. You have explained and analyzed the balance sheet and income statement, and now only the cash flow statement remains. It is one of the most important statements.
    If you have explained it, please send me the video link.

  • @aoeaad3316
    @aoeaad3316 Год назад

    Fan from India..love ur content

  • @markolive4708
    @markolive4708 Год назад

    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.

  • @cindylove7529
    @cindylove7529 9 месяцев назад

    thank you Sir!!❤❤

  • @bhavanic9218
    @bhavanic9218 Год назад

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

  • @HD-xh3fk
    @HD-xh3fk Год назад

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

  • @KeylaMolero-d5e
    @KeylaMolero-d5e 5 месяцев назад

    Could you provided us US Gaap table?

  • @IcelElBes
    @IcelElBes Год назад +1

    Wonderful

  • @innocentihesikoma8829
    @innocentihesikoma8829 Год назад

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

  • @muhumuzabernadette1122
    @muhumuzabernadette1122 Год назад

    Thank you so much….God bless you

  • @joshuakitheka3712
    @joshuakitheka3712 Год назад

    How long does the principle of historical cost remain relevant

  • @puregamer6599
    @puregamer6599 Год назад

    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.

  • @tryme113
    @tryme113 Год назад

    Thank you!

  • @U.S.TaxExpert
    @U.S.TaxExpert Год назад

    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.

  • @dhavalkumarbarot9280
    @dhavalkumarbarot9280 Год назад

    Very helpful video

  • @kathyho3985
    @kathyho3985 7 месяцев назад

    Do you do one on one coaching ?

  • @Muneeb-12
    @Muneeb-12 Год назад

    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

  • @youtube_vedios_shotrs
    @youtube_vedios_shotrs Год назад

    Thank you sir

  • @juletwalters
    @juletwalters Год назад

    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.

  • @srisridaran05
    @srisridaran05 Год назад

    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
      @TheFinancialController  Год назад

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

    • @srisridaran05
      @srisridaran05 Год назад

      Thanks bill for your update. 👍

  • @YuktaShivbaran
    @YuktaShivbaran Год назад

    Thanks❤

  • @meryemb603
    @meryemb603 Год назад

    Hello I appreciate your work , I want to enroll to your course do you have another discount 🙏

  • @danielthomas93
    @danielthomas93 Год назад

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

  • @webpkric
    @webpkric Год назад

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

  • @sergeiivanov7721
    @sergeiivanov7721 Год назад

    Спасибо!

  • @FrancisBwalya-h5d
    @FrancisBwalya-h5d 5 месяцев назад

    Accunt notes.

  • @404TRUCKERTV
    @404TRUCKERTV Год назад

    Same fictitious company is used throughout my accounting courses.🤣

  • @juliearuna9021
    @juliearuna9021 10 месяцев назад

  • @FRANKWHITE1996
    @FRANKWHITE1996 Год назад

  • @lourderickzenjimena6930
    @lourderickzenjimena6930 Год назад

    Hi sir bill, I know that your content is good but I think you need to have a good thumbnail I'm not saying that it's bad but it's not the best If you need a clickable and the best thumbnail kindly dm me