Accounting - Unit 1 - Part 3 - Statement of Retained Earnings

In this video series viewers will learn to prepare and understand basic income statements, balance sheets, and statements of retained earnings.

The second video in the series goes over how to prepare the statement of retained earnings.

This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.

[Iamdonvibezcatchlyrics]

I absolutely never comment on videos but sir I must thank you for being a great teacher. I'm in my sophomore year in college and I'm taking accounting 101 and my prof is just horrible at teaching this shit. I'm studying for an exam tomorrow and you just explained this in the simplest way. I think I might start studying on youtube now.people like you Who know how to explain something so efficiently deserve the utmost respect. Basically what I'm sayin is your the fucking man you.

[tonygutierrez]

Great Video, it made statement of retained earnings very simple. My teacher for Intermediate Accounting 1 doesn't teach so well. Thank you so much!!

[biswajeetbalabantray]

I am beginning to enjoy accounts thing which I never did in the past and all thanks for this to Mr. Tony Bell !!

[Tony-Bell]

Hi Lindsay, tough for me to know unless I saw the full question, but as you can see in this video, RE year 1 + Net Income - Dividends = RE Year 2....so you have RE Year 2, Dividends and Net Income, you should be able to rearrange the equation to compute RE Year 1.

[georgeliu]

just started my intro to accounting course. very helpful!

[Tony-Bell]

Common shares are used to represent the Shareholders' Investments in the company. They purchase shares to own a piece of the company.

So when you get to journal entries, when the owner starts the company, they buy shares - DR Cash, CR Common shares.

[bubby]

your saving me from failing my class, thank you!

[jesseplayer]

Thank you so much for this video! It helped a lot with my home work.

[tutorialsandtravlling]

It's Awesome sir, i have never heard and seen such a graceful tutorial.Salute
very easy and good xplanation.thank you very much

[StutiJain]

Wuhh... I hated accounts.. but after watching your videos.. I feel like studying it more & more.. You made it so simple.. :)
Thanks.. :D

[sheenaaine]

this was amazing. everything is so clear and understandable.
thank you so so much. please keep posting more videos.

[pokerleaderblogspot]

Awesome videos. Like the way how you explain the subject. Bravo to you.

[Claydon]

doin a good job man,
love the English accounting

[lindsaymillar]

how do you solve for the previous years retained earnings with the following information: the current years retained earnings, decrease in total liabilities, gain on sale of buildings, dividends declared and paid, proceeds from sale of common stock and net income for current year??

[aasifejaz]

What do we do with the 'Common Shares' which are also listed as Shareholders Equity?
Where are they used?

[Hazelv]

i would like to ask what was the specic income in retained earnings? would it plant expansion?

[thewaytestimonies]

this is a timeless video i here In 2023

[koibito]

can you make videos on:
1 . trial balance
2 . bank reconciliation statement
3 . trading and profit account
4 . joint venture account
5 . rectification entries
6 . ledger accounts
7 . annual depreciation

[justinasvilpaite]

What happens to Common Shares then ?! Should it be deducted too ?

[marilu]

a little question: Dividends would be the same as "withdrawals"?? Thank you :)