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\nIntroduction to the Balance Sheet\n

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\nThis video provides an introduction to the balance sheet, which is a financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific moment in time. The presenter explains how businesses measure...\nThis video provides an introduction to the balance sheet, which is a financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific moment in time. The presenter explains how businesses measure their wealth through their assets, liabilities, and equity, and emphasizes the importance of liquidity when categorizing assets. Viewers are also introduced to double-entry bookkeeping and how it enables the balance sheet to balance. The video includes examples and a visual representation of a balance sheet to provide a better understanding of how it works.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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9:10
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Grade
Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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business, finance, accounting, balance sheet, assets, buildings, equity
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Additional Tags

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a-level, section, and, 4.1.1, the, balance, sheet, current asset, nice house, good idea, highly liquid, running total, trade payables, liquid asset, current, liquid, payables, introduction, businesses, vehicles, land, sell, sort, equation, balances, receivables, debts, inventory, side, cash, liquidity, quickly, turn
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Introduction to the Balance Sheet\" href=\"/subscription/new\">\"Introduction\n\n
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