Session 1: The Financial Statements - An Overview

In this session, I look at the three key accounting statements, the balance sheet, the income statement and statement of cash flows, and examine the three questions that accountants should be answering about a business:
1. What does the business own?
2. What does it owe?
3. How much did the business make in the period in question?
While I do not go into the details of each statement, I explain which question each one is designed to answer and how they are interconnected.

[mr.j]

Cost for NYU MBA is $126, 874 and you are sharing all your knowledge (with the slides included wtf!) for free. I take my hat off to you sir, truly appreciate your selfless sharing. Can feel your passion in teaching:) Add oil!(means keep going in Cantonese)

[CASaurabhDwivedi]

Professor,
September 5th is celebrated as Teacher's Day in India.

Happy Teacher's Day sir! Your lectures have been of immense value to all of us! 🙏🙏

[nullVoidification]

Some time ago I bought Your book, it was a great read. I was shocked when I found Your YT channel, this is pure gold. Thank You for Your books and sharing the knowledge via YT. All the best from Poland!

[dbsk]

If I started with damodaran I would have saved thousands of hours learning this from horrible professors

[vladgheorghe]

This is wonderfully informative, and the burns of accountants sprinkled throughout make it even more enjoyable.

[Fatcrazypanda]

Pepped up for a weekend AD binge!! 10xExcited

[artmara]

I take my hat off too. You give a hope for smart people who cannot afford expensive education

[gonzalofernandezdelcastill]

Thank you professor. Your videos are super helpful and you have done a great job by delivering them with great clarity and simplicity. Its highly appreciated from someone trying to learn here. All my gratitude to you.

[ramdassdas]

You are one amazing professor. Thanks for sharing all your knowledge openly.

[MrWetube]

Thank you professor! Your lectures have been extremely valuable.

[jorgeriveramx]

Thanks a lot, I was looking for something like this. You are a great teacher. I really appreciate your work

[ull]

You are awesome 😊❤️ Your channel is such a wonderful channel for learning better than many University professors. Thank you.

[ramyasri]

Professor..I don't have words to thank u for the knowledge you sharing.. And absolutely free of cost

[CoolDip]

Thank you from India.. i am a non finance person and can understand everything so crisp and clear..

[rajjisep]

Sir you always say its accounting as boring ... But you are passionated about it ... i am your big fan ...

[davides]

amazing, exactly what I've been waiting for!

[cozynight]

Thank you professor for your quality teaching contents 🙏

[nrpbrown]

This is incredibly useful and I love this channel

[keyankay]

Thank you sir for the wonderful lectures. I am not from finance background but I am trying to find what is "book value of equity" and "book value of debt" and how they are calculated. Some references will help

[manasganguly]

Hi Sir,
I was go through your valuation class first, as I dont know where to start. But from there I came to know the correct order to go through. Accounting Class to corporate finance to statistics and finally valuation.

From today I start taking your class sir.

Lot of respect and Love from India.