Maybe you're a budding entrepreneur, somebody with a great idea you'd like to turn into a business. Or maybe you're that super coder who has just been named to lead a division. Either way, you're now someone who needs to know how to read a balance sheet to keep your business or your career on track.
In this course, Ken Boyd doesn't just decipher balance sheet terms, he teaches you the meaning behind them. Concepts such as retained earnings, operating …
Balance Sheet Basics
Video description
Maybe you're a budding entrepreneur, somebody with a great idea you'd like to turn into a business. Or maybe you're that super coder who has just been named to lead a division. Either way, you're now someone who needs to know how to read a balance sheet to keep your business or your career on track.
In this course, Ken Boyd doesn't just decipher balance sheet terms, he teaches you the meaning behind them. Concepts such as retained earnings, operating income, and net income are demystified and become useful tools for making decisions.
Master the basics of reading a balance sheet and how it's used to make business decisions
Learn why balance sheets connect to income statements and cash flow statements
Explore why the way you raise capital dramatically impacts business results
See why net income produced by a business can be very different from the rate of cash inflows
Review the ways assets can be valued to increase earnings and improve your balance sheet
Discover why short term liquidity needs must be balanced against long term solvency needs
Ken Boyd has over 30 years of experience helping companies create budgets, make decisions about long-term financing and evaluate how to raise capital. Ken is a former Adjunct Professor at St. Louis University. He creates books, podcasts, blogs, articles and speaking services on accounting and finance. He is author of the O'Reilly title Understanding an Income Statement as well as the titles Cost Accounting for Dummies, The CPA Exam for Dummies, and 1,001 Accounting Questions for Dummies.
The Balance Sheet Formula (Assets – Liabilities = Equity)
00:06:16
Understanding Retained Earnings
00:05:22
Asset Account Terms
Current Assets
00:05:28
Accounts Receivable And Inventory
00:06:08
Inventory Costing Methods
00:05:51
Long-Term Assets
00:06:48
Liability Account Terms
Current Liabilities
00:04:55
Accrued Liabilities
00:06:03
Long-Term Debt
00:06:12
Equity Account Terms
Common Stock
00:05:24
Additional Paid In Capital (APIC)
00:04:21
Issuing Stock
00:05:41
Conclusion
Wrap Up
00:04:39
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