This video series is for those new to account­ing or indi­vid­u­als who just want to know a lit­tle more about account­ing basics. That is my tar­get audience.

In this video I explain the Balance Sheet. To make the concept more concrete, I compare the personal/household balance sheet to a business balance sheet using several common transactions. I also walk the viewer through an actual balance sheet explaining how it is organized and how infor­ma­tion on the statement is related.

Thank you for watching!

Source:
Warren, C.S. (2008). Survey of Accounting (Fourth Edition). Mason, OH: South-Western Cengage Learning.

(I really like this book so check it out!) For my complete video library organized by playlist, please go to my video page here:

http://www.youtube.com/user/BCFoltz/videos?flow=list&view=1&live_view=500&sort=dd