Account Classification SIMPLIFIED: How to Classify Assets, Liabilities & Equity on the Balance Sheet

Описание: In this tutorial, you will learn the difference between current vs noncurrent Assets and Liabilities; and how to classify Stockholders Equity. A step-by-step example of a classified Balance Sheet will also be explained in great detail. So let's unravel the mysteries of account classification on the balance sheet and take your financial knowledge to the next level! 🏆

REMEMBER: Accounting ain't Hard… it’s really a JOKE...Therefore, it’s my full commitment to save you countless hours and money as you learn the punch line!! Mastering Accounting Principles are key to a fundamental understanding of Business, financial literacy, and wealth💼💰💡!!

00:00 - Intro
00:20 - How to Classify Assets?
01:35 - Current Asset (Examples)
02:00 - Non-Current Asset (Examples)
04:19 - What are Liabilities?
04:57 - Current Liabilities (Examples)
05:14 - Non-Current Liabilities (Examples)
05:41 - Classified Balance Sheet Walkthrough
08:35 - How is Stockholders Equity Classified?
09:37 - Outro


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