The Ultimate Guide to Financial Statements

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com In this video we're doing a deep dive into Financial Statements. Financial Statements are external reports that summarize a business's financial performance and position over a period of time. There are three main Financial Statements: ▪ Balance Sheet (aka. Statement of Financial Position) ▪ Income Statement (aka. Statement of Profit & Loss or "P&L") ▪ Cash Flow Statement (aka. Statement of Cash Flows) We'll over each one in detail with examples to illustrate how they work. If you watch this video through to then end then you'll become an expert on Financial Statements in no time at all! 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:36 - What are Financial Statements? 09:00 - What is a Balance Sheet? 15:35 - What is an Income Statement? 19:56 - What is a Cash Flow Statement? 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mf... ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram →   / accountingstuff   ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / accountingstuff   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff