What is a balance sheet? - MoneyWeek Investment Tutorials

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  • Опубліковано 24 гру 2024

КОМЕНТАРІ • 111

  • @nukeage9856
    @nukeage9856 10 років тому +85

    None of my teachers explained finances as well and easy as you do. Thank you so much. Great teacher, Great channel.

    • @tsurek
      @tsurek 6 років тому

      oh booo hooo teachers have to teach 6-8 classes per day

  • @MoneyWeekVideos
    @MoneyWeekVideos  13 років тому +4

    Good follow up videos in this series are "what is profit" and "why costs matter" - those give a guided tour of the profit and loss account at an introductory level. Tim.

  • @KatherineLP
    @KatherineLP 11 років тому +1

    And here I thought accountants where boring people but Tim goes against the grain. He makes accounting interesting and he's a bit of eye candy for us ladies!

  • @squishydishfish
    @squishydishfish 12 років тому

    Mr Bennett, I'll probably fail a basic introductory accounting exam in two days, but I have a slight, slight chance of not failing because of your excellent teaching. Thank you very much. If I pass, I owe it all to you.

  • @emmanuelopoku-yeboah786
    @emmanuelopoku-yeboah786 2 роки тому +1

    Tim is simply an amazing teacher.

  • @WaiKoH
    @WaiKoH 3 роки тому

    If only I came across you before, my lecturer made this 20times more complicated than it had to be. I lost sleep trying to remember what element belongs to each statement. Your 13minute video is like I found enlightenment

  • @thomaswehrmann-nicholas317
    @thomaswehrmann-nicholas317 7 років тому +2

    Tim, your summaries are detailed and highly entertaining. Thank you sincerely for your assistance.

  • @13thCharacter
    @13thCharacter 6 років тому +2

    Feeling a lot better about my upcoming bookkeeping and accounting courses now that I know you are on the internet.

  • @MoneyWeekVideos
    @MoneyWeekVideos  12 років тому

    mdalbrit - no, they wouldn't show on the ledger (nominal or otherwise :) . Contingent liabilities are written up when the financial statements are prepared and a note is added then. The only liabilities that show in the books are ones where the amount and timing is reasonably certain (accounting speak - sorry!). So a liability to pay tax or a trade creditor for example.

  • @WINDFACTOR07
    @WINDFACTOR07 12 років тому

    appreciate your videos a lot. The videos are to the point without getting lost in details. Do you have specific videos for credit analysis?

  • @suzy5166
    @suzy5166 5 років тому

    You are the best lecture i have came across after did 2 degrees in finance and business.... sadly in my day UA-cam was not a thing!

  • @romanhughes2785
    @romanhughes2785 9 років тому +1

    I just starded studying accounting in uni and this youtube chanel and this man especialy are a great help. Simple, clear explanation. Easy to understand. Great for a student like me.

  • @nishanthmathias2643
    @nishanthmathias2643 Рік тому

    Very simple and easy to understand

  • @rohnish7
    @rohnish7 12 років тому

    WOW! :) I could not have asked for a better or clearer explanation! Thanks.

  • @naydalilliandesousa7052
    @naydalilliandesousa7052 9 років тому +11

    As the song says.- YOU SIMPLY THE BEST. Best teacher Ever!!!

  • @guptavish
    @guptavish 12 років тому

    Makes understanding accounting so easy, well explained boss!

  • @oroconcepcion1731
    @oroconcepcion1731 5 років тому

    Best teacher on finance

  • @MsMurimi
    @MsMurimi 12 років тому

    Wow.....thanks a million and one times. I appreciate the revision you have helped me have as I prepare to undertake my exams in a weeks time.

  • @MatthewDavidAlbritton
    @MatthewDavidAlbritton 12 років тому

    Tim - Since 'contingent liabilities' are not seen on the balance sheet, would they show up on the ledger, nominally speaking?
    Thanks!
    M.

  • @poochiegoodas1
    @poochiegoodas1 12 років тому

    thank you for the videos they really help I will be starting a accounting and finance course very soon .thank you very much

  • @besi-ut5cq
    @besi-ut5cq 10 років тому +2

    You make accounting so easy. Thank you!

  • @Maedetto
    @Maedetto 5 років тому +1

    May I ask why you wrote the subtraction as multiplication symbol?
    Cheers and thanks for the videos.

  • @muhammadabrarali3955
    @muhammadabrarali3955 6 років тому +5

    brilliantly explained,,,, lots f love!!

  • @freewind1977
    @freewind1977 4 роки тому

    Great talented teacher

  • @teeahtate
    @teeahtate 13 років тому

    THANKS! I wish I had you as a teacher!

  • @vishals9353
    @vishals9353 9 років тому +20

    Lot of respect. People like you priceless.Thanks

    • @kevcat8655
      @kevcat8655 8 років тому

      +vishal s I second that

  • @msjlhope3327
    @msjlhope3327 9 років тому

    I agree I wish i'd had a teacher like this man, thank you

  • @tqrrsh
    @tqrrsh 11 років тому

    Best teacher ever! Keep going..

  • @mansikanchan
    @mansikanchan 5 років тому

    you are a brilliant teacher. please continue making videos :)

  • @xxxpineda
    @xxxpineda 11 років тому +1

    Thanks so much for this video, well explained

  • @fl2rms
    @fl2rms 12 років тому

    thanks for the tutorial, its reflecting very well.

  • @ahyolmu
    @ahyolmu 11 років тому

    Thank you for all your videos. I ve been learning a lot from these videos. By the way has anyone told you that you look like Dr Michael Mosley??? you guys are IDENTICAL!

  • @primetocart3533
    @primetocart3533 7 років тому

    absolutely wonderful explanation , enjoyable to watch keep it up

  • @alexandru2811
    @alexandru2811 5 років тому +1

    Thank you so much, I am really learning with your great lessons! Good job and please continue :)

  • @smplgy
    @smplgy 13 років тому

    Thank you very much. Very helpful

  • @namanvarsani1
    @namanvarsani1 11 років тому

    if your asset increases in value or decreases in value over x amount of years how is that reflected in the finance given that it has to be balanced?

  • @MoneyWeekVideos
    @MoneyWeekVideos  12 років тому

    No problem - hope you pass! Tim.

  • @rendallharper633
    @rendallharper633 10 років тому

    I enjoy your presentation style! Thanks for sharing.

  • @tonyc5962
    @tonyc5962 10 років тому

    very clear, that make it seem, so simple

  • @TheMr3742
    @TheMr3742 12 років тому +4

    i would go to class every day if he was my professor or teacher

  • @alexlillymary30
    @alexlillymary30 8 років тому +1

    very well explained

  • @naelahlat
    @naelahlat 4 роки тому

    You are awesome, well done 👍

  • @almakallstenius2851
    @almakallstenius2851 6 років тому +3

    Thanks for explaining this so well and saving my exam grade!

  • @woion0415
    @woion0415 11 років тому

    Thank you for sharing the video, it is a good explanation.

  • @sadiayaqoot3685
    @sadiayaqoot3685 9 років тому

    good explanation

  • @CheckAG
    @CheckAG 4 роки тому

    Excellent

  • @simonsmith3030
    @simonsmith3030 6 років тому

    Perhaps someone could explain this to me please: If we start off by considering my personal finances and my personal 'balance sheet' balances, then if I win a million on the lottery - which is definitely an asset - how is this entered as a liability in order to 'balance' things? Is it because I'm the single and only 'shareholder' in me and this would appear on the right?

    • @ahmadyaseenyousofzai
      @ahmadyaseenyousofzai 4 місяці тому

      It is not entered as a liability, it is entered as "owners equity".

  • @sushilchaudhari6529
    @sushilchaudhari6529 4 роки тому +1

    he looks like Matthew McConaughey

  • @xxRIQUE
    @xxRIQUE 6 років тому

    great video, thank you good sir

  • @danbdatsme
    @danbdatsme 8 років тому

    nice one tim!

  • @markswanson8070
    @markswanson8070 6 років тому

    Great help, thanks.

  • @wilsonmanch6773
    @wilsonmanch6773 4 роки тому

    I am watching this after 5 yrs. still relevant or need update

  • @OmarNamouchi
    @OmarNamouchi 4 роки тому

    5:50 Central Banks can create wealth from thin air. Man from 2020

  • @JapremeMagnetic7
    @JapremeMagnetic7 11 років тому +7

    "Accountants record everything twice."

  • @kahing5084
    @kahing5084 8 років тому

    Thank you so much!

  • @canadaonly2
    @canadaonly2 12 років тому

    Excellent!

  • @ridvanmahmutince9535
    @ridvanmahmutince9535 4 роки тому

    wonderful

  • @djstr0b3
    @djstr0b3 6 років тому

    Thanks you sir!

  • @আজবদুনিয়া-ঢ৪দ

    Good video

  • @Nick_Tag
    @Nick_Tag 4 роки тому

    Aha! My first company back in 2013 had a "friendly dad", but his name was Terry!

  • @123Goldhunter11
    @123Goldhunter11 11 років тому

    Thank you.

  • @EddieOdyssey
    @EddieOdyssey 4 роки тому

    Who is this teacher?

  • @itsalexanderjames7913
    @itsalexanderjames7913 9 років тому

    Utter genius!

  • @suryarout8225
    @suryarout8225 6 років тому

    thanks...MoneyWeek

  • @rohnish7
    @rohnish7 12 років тому

    Totally agree!

  • @puteriqayunie2271
    @puteriqayunie2271 11 років тому

    thanks..

  • @importedmusic
    @importedmusic 3 роки тому

    Liabilities still confuse the F outta me. A positive number next to something you owe confuses me lol

  • @mohamedsiddig5682
    @mohamedsiddig5682 10 років тому

    TNX

  • @herchallenge
    @herchallenge 11 років тому

    ur fantastic thx

  • @tpennyhealth5861
    @tpennyhealth5861 4 роки тому

    Used to think because they were so stingy, they recorded everything twice to avoid mistake...mybad

  • @darrenoldfield491
    @darrenoldfield491 3 роки тому

    Who else is here because they think their accounts teacher doesn't deserve their job

  • @syahrudeensamah6779
    @syahrudeensamah6779 Рік тому

    What are cooking actually....?

  • @jackmoran3048
    @jackmoran3048 4 роки тому

    nice

  • @carrotcruncherpodcasts
    @carrotcruncherpodcasts 3 роки тому

    Crackin' lesson....but please stop lending to and borrowing from people down the pub. LOL

  • @eugenehansewraj1989
    @eugenehansewraj1989 12 років тому

    great

  • @MrGalli1982
    @MrGalli1982 11 років тому

    07.55 lol

  • @blackm9063
    @blackm9063 3 роки тому

    5 stars

  • @aslammuhammed8941
    @aslammuhammed8941 9 років тому

    super

  • @godwinmwadzikowa1140
    @godwinmwadzikowa1140 6 років тому

    umm wonderful

  • @vyshnavramesh9305
    @vyshnavramesh9305 7 років тому

    Gud

  • @manamendrawarnakula264
    @manamendrawarnakula264 12 років тому

    Yo, have you thought about this plan called the Intellitus Cash System? (check google). My coworker says it makes people tons of income.

  • @andrwleong
    @andrwleong 11 років тому

    I love you

  • @MrDsan123
    @MrDsan123 10 років тому

    What a cutie! ;)

  • @bouncingbeachball
    @bouncingbeachball 12 років тому

    YOU NEED TO SIMPLIFY THINGS MORE MATE.

  • @cassiesarchives
    @cassiesarchives 8 років тому +1

    your dates are backward

    • @madelinekim1603
      @madelinekim1603 7 років тому +2

      Cassie Little Show this is how dates are done in the U.K., Canada, and many other places in the world.

    • @cassiesarchives
      @cassiesarchives 7 років тому

      Madeline Kim thank you