In this video we discuss how accounting is the language of business and the components of financial statements:

• Balance sheet

• Income Statement (Profit & Loss Statement)

• Cash Flow Statement

• Statement of Equity

• Notes to Financial Statements

In this video we discuss things to watch for on a company's balance sheet.

In this video we look at the parts of the balance sheet, including tangible and intangible assets.

In this video we discuss why having lots of cash may not be a good thing.

In this video we discuss why having lots of sales might not necessarily be a good thing.

In this video we discuss inventory and write-down of inventory that is obsolete.

In this video we discuss current assets such as cash, accounts receivable, and inventory. Current assets are important as they are more liquid, meaning they can be converted into cash.

In this video we discuss the current ratio to see whether a company is likely to survive the next 12 months financially.

In this video we look at examples of companies with different current ratios and compare to its competitors and industry.

Practice exercises for current ratio calculations. You can download the Excel file to complete the exercise.

In this video we will discuss using long-term assets to generate income

In this video we discuss property, plant, & equipment and depreciation of capital assets.

In this lesson we discuss amortization and estimating useful life of a capital asset.

In this lesson we discuss intangible assets and why they are important to certain companies.

In this video we look at Return on Assets, and how well a company used its assets to generate income.

In this video we discuss the asset turnover ratio to determine how much money did the company make.

The debt-to-equity ratio is a very important financial ratio as to how a company is doing financially.

Many investors look at return on equity to determine whether it's worth their investment in a company.

In this lesson we discuss a company's current liabilities and why it's important to pay on time.

In this video we discuss why delaying payments on accounts payable can help your business grow.

In this video we discuss how to record customer deposits - they are not your money yet!

Is debt a bad or good thing? We discuss how debt can be good and used to leverage someone else's money to grow your business.

Sometimes taking out a short-term loan is necessary to run a business. We discuss how it affects the current ratio and other financial performance indicators.

A company may take on long-term liabilities to fund its business. In this video we discuss debt vs issuing shares to fund a business.

Shareholder's equity represents the shareholders' ownership portion of the company.

In this video we discuss the differences between balance sheet and income statement.

Revenue is one of the most important lines on the income statement. But companies must be able to collect cash from its customers in order to be successful.

Cost of sales is used to calculate your gross profit when a company sells inventory. Keeping it low will increase profits!

The importance of calculating the gross margin to determine how profitable a company is.

Cash flow is very important to the success and survival of a company. In this video we discuss why cash is king and that just having high revenue may not mean a company is doing well financially.

In this video we go over the Statement of Cash Flows with real-life examples.

In this video we discuss useful accounting equations such as

• Assets = Liabilities + Equity, and

• Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings

In this video we discuss how to record accounting accruals, such as:

1. Unearned revenue

2. Unbilled revenue

3. Prepaid expense

4. Accrued liabilities