Balance Sheets | Statement of Financial Position | The Basics

In this video I discuss and show you how to prepare a BASIC balance sheet | statement of financial position using different formats.

You can use the time stamps below to go to a specific part of the video:

00:00 - Preamble
01:12 - Intro to assets & capital
04:41 - Eg 1 Assets = Capital
06:34 - Intro to liabilities
09:19 - Eg 2 A = C + L
10:58 - Net asset format
11:43 - Eg 3 net assets
13:19 - Current vs Non-current
18:21 - Eg 4 Classifications & permanence
24:17 - Permanence & net assets
27:20 - Eg 5 Net working capital
29:34 - Eg 6 Liquidity & classifications
32:14 - Liquidity - Single column
33:41 - Liquidity - Net working capital
35:04 - Outro

You can view the entire balance sheet playlist using this link:

If you find that I'm moving too quickly in this video remember:

- you can adjust the playback speed to slow down the video,
- you can pause and/or go back over parts as many times as you like... it is a video.

If you have any questions about how I got any of the figures please leave them in the comments below and PLEASE PUT A TIME STAMP (like this 00:00) so I can go to the part of the video you are asking the question about.

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Much love!

#balancesheet #statementoffinancialposition #csecpoa

[itzz.aj._]

5 months later and results came out. I got 7 distinctions and a grade 1!
I went from a grade 5 to a distinction in poa!! Heartfelt and sheer gratitude to Sir here for creating these videos, rlly breaking it down and explaining from scratch. Thank you Sir!
Those of you who are failing accounts rn, don't worry. You have time. If I can go from a grade 5 to a distinction in only 5-6 months using the content on this channel...You can as well!!

[itzz.aj._]

ever since online classes came into fusion especially at the beginning of form 4, I never really understood poa. it was like that for almost 2 years....now I can confidently say I am understanding the basics and foundations a lot better. Thanks Sir
I'm working hard to do well come May 9th 😤 and I know I will do well with your help Sir :)

[DoraDee]

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[Barokimistari]

Thank you so much teacher.
I have learned a lot.

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[jaynation]

thank you so much sir I have learned a lot. I will use the first format of the balance sheet.

[sonyasanchez]

Sir I have a poa exam today and I hope your video helps me today. Thanks regardless!

[Moon_.]

Thank you for helping me understand because I didn't understand a thing when my teacher taught me this

[tshyasookram]

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[nowherestore]

I personally recommend your tutorials. I will appreciate if you can make a video on balance sheet with accrued, prepaid and depreciation

[wetboss]

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[breannaharry]

I like how you put subtitles, was a very helpful video.

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[mercymkambe]

Lemme try working this and then will tell you if I got it. However, your video is very help, easy to understand. Thank you🙏

[zidanedaniel]

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