Preparing the Financial Statements (Financial Accounting Tutorial #25)

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This financial accounting tutorial explores how the adjusted trial balance is used to complete the 3 main financial statements: the Income Statement, the Balance Sheet, and the Retained Earnings Statement. We examine how to construct these basic finance tools, explain why you construct each statement in a specific order, and examine effects on accounts like equity.
Feel free to skip over parts. It's a pretty simple tutorial where I mainly transfer account balances.
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[@LeticiaStrand]

You are the only reason why I'm doing well in accounting right now :) Thank youuu!!!

[@walidal-bousi2703]

I really appreciate all of the support you've given us.

[@Illum1ne]

I'm a IT student and we had a Acct. subject. Your videos helped me do alot.

[@tharinith9355]

This video help me a lot with my assignment . Thanks

[@AnthonyAldea]

Thanks. I needed the refresher. Thanks for the free hard work. Helps me and has helped me so much.

[@tinabehnke2893]

Hello guys, first of all I love your videos they truly help to understand. Is it possible to make one on NOTES of financial statements? Especially why income tax insn't always 30% od BPBT and how that can be calculated? Thank you! xoxo

[@Akash-tm5og]

so when you wrote the balance sheet did you switch places of credit and debits?

[@walidwazini7628]

Hi, why did the Equipment $600K is debit on the Adjust Trial Balance , but credit on the Balance Sheet?

[@iChaoRen]

Hi note pirate do you have a video on bank reconciliation? If not can you make a video on it? Love your videos they saved my life

[@yashodasingh1856]

Do u have skip step for t account while preparing final final trial balance after adjusting.

[@ChaseKilganon]

thank you very much! Your videos are an amazing help!

[@adleenasuraya7163]

can u teach how to calculate opening inventory? I'm new at this

[@sniderone1]

can you explain how you arrived at the revenue total on the trial balance side

[@christianboycacho2114]

thanks. this helps me a lot

[@motlhankaitumeleng8424]

I find it useful thanks

[@imadmiah8162]

Does this comply with the international financial standards, if not what are the differences and how can I make a balance sheet which complies with IFA 1.
Thanks

[@louiejaycadungog7478]

can i ask the url of the previous video??? tutorial #23 and 24...plssss

[@steveneizmendiz8225]

Very helpful

[@Africangoddess97]

Where the dividends ?

[@fantabulous008]

I really like accounting but there are so many corrupt and arrogant people in the field.