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
- Understand asset account terms, liability account terms, and equity account terms
- 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
Table of Contents
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Introduction
- Introduction 00:04:59
- About The Author 00:01:48
- Why The Balance Sheet Is Important 00:07:27
- The Balance Sheet Formula (Assets – Liabilities = Equity) 00:06:16
- Understanding Retained Earnings 00:05:22
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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
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Liability Account Terms
- Current Liabilities 00:04:55
- Accrued Liabilities 00:06:03
- Long-Term Debt 00:06:12
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Equity Account Terms
- Common Stock 00:05:24
- Additional Paid In Capital (APIC) 00:04:21
- Issuing Stock 00:05:41
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Conclusion
- Wrap Up 00:04:39