Understanding Balance Sheets for Beginners | Accountant's Perspective

Today I am going to show you how to analyze a balance sheet from an accountant's perspective. It is important beginners in the stock have a basic understanding of balance sheets. The balance sheet is one of the three financial statements that companies publish. The balance sheet is a snap shot in time unlike an income statement or cash flow statement that provides numbers over a period of time.

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#balancesheetbasics #balancesheetbegineers #financialstatements

[j.mney]

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Thanks for watching!

[clouddeveloper]

Great overview and detail. Definitely would love to see income statement and cash flow as well!

[ДмитрийЧелноков-ог]

Thank you so much, waiting to see the cash flow and income statement

[IkechiGriffith]

Thank you for breaking this down. It was clear and I understood everything. I'm looking forward to the income and cash flow statements.

[themyxa]

Thx J! Great content. Looking forward for the next two…

[mattymattmannz]

Really good Justin. Great presentation, easy to follow, easy to understand. This one is going in the "Saved to watch again" list for me. Yes, would love to see the income statement and cash flow statement broken down as well. Keep up the great work!

[thomasrust]

Thanks for this. I've started accountancy recently. It's so important for investors.

[manemrob]

Thanks Justin, I actually really appreciate these thorough videos explaining accounting!

[sharonp]

This is by far my favorite video you have done! Thanks for your time and explaination.

[cricbuzz]

Thanks Justin simple and valuable way of explaining 👍

[kevinp]

Thank you Justin. This video was a very detailed look at balance sheets. You definitely expanded my knowledge!

[hugomeza]

Great video! And yes please to the income statement and cash flow statement. As soon as you showed how the first balance sheet had zero long term debt I instantly thought of Facebook. And I always thought that “Retain Earnings” was just earning the company keeps after paying everything it needs to pay to run the business. But not total income the company has made like you mentioned.

[aidanfogarty]

Thanks Justin. Super duper content as always. I've watched tons of balance sheet vids but yours is the best 🤓

[JohnSmith-wgfy]

Good job, this video wil get you visualisation even 10 years from now 👏 👍 👌

[KelechIwuaba]

Thanks for going through this its been a minute since I have had to do this

[kyphan]

This is great and useful Justin! Please do another for income statement and cash flow on the same company, with the same date, so we can review them for reference. Thanks again
Can you also add the link to the reports of these companies so we can view them as well?

[calm_candle_wick]

Can you do a video on TLRD, your analysis on it at the time and why you invested in it (possibly thinking it wouldn't go bankrupt) please? It would be of much use to learn from your experience on this. Thank you :)

[marcusjormar]

Oh lord, please more videos like this!
/ Sweden

[AndrewK]

Thanks Justin ! Great overview. Could you please explain retained earnings and how do they fit into the quarterly / yearly balance sheet? In other words, how do historical losses / revenue add up to offset equity + liabilities with assets within the current fiscal month or FY ? Keep up the great work !

[thomasrust]

You should do a 15min review of a 10k to go through step by step for what to look for.