Balancing the Books: Understanding Financial Reporting (Enhanced DVD)
Product Description:
Learn how to read and understand financial statements like a seasoned accountant in this Balancing the Books DVD. This DVD teaches you how to read and understand the three main financial statements used by most banks and other lending institutions as well as by managers and suppliers. The financial statements consist of the Profit and Loss Statement, also referred to as the Income Statement, which provides a reporting of sales, cost of goods sold, general and administrative expenses and the net profit or loss; the Balance Sheet, also referred to as the Statement of Financial Position, which provides a snapshop of a company's equity position, as it provides a reporting of the current and fixed assets, the liailities and the retained earnings. It also delves into the Statement of Cash Flows where it provides information on the effects of cash based on cash inflows and cash outflows. This information, although important, is presented in an entertaining format. It also addresses various types of businesses, being in business for yourself and accounting software. (Length 32 minutes)
Balancing the Books: Understanding Financial Reporting