How To Make a Financial Accounting Balance Sheet

Description
In this video Matt Fisher breaks down the balance sheet into a simple accounting equation. This equation can then be used as the basis for your business' balance sheet. This equation is analysed and simplified to make it accessible and understandable. This video will help you define your business' assets, liabilities and owners' equity in order to establish your balance sheet. This video will also show you how to analyse these three areas in comparison with one another, simply explaining the relationship between assets, liabilities and owners' equity.

Matt goes on to walk through what exactly a business' balance sheet is and how it works. He then explains the differences between a comparative and classified balance sheet. Matt shows then how a classified balance sheet can be constructed to establish the difference between your current and long term assets and liabilities.

Matt clearly explains the concepts of balance sheets and demonstrates the accounting equation that lies behind these balance sheets. This will give you the tools needed to construct a simple and effective balance sheet for your business. This video is equally useful for business beginners as well as seasoned business people.

10 mins 25