Ace your Finance assignment!

How to prepare balance sheet and income statement from Trial balance and adjusting journal entries, and then calculate financial ratios.
Video Links:
Accounting Crash course: • Accounting Crash Cours...
Cash conversion cycle explained: • Cash Conversion Cycle ...
Working capital and cash conversion: • How to calculate Worki...
Comprehensive guide on mastering your finance assignment! In this video, we'll walk you through the entire process of transforming a trial balance into a complete set of financial statements, perfect for undergraduate finance students and anyone looking to enhance their accounting skills.
What You'll Learn:
Understanding the Trial Balance: Learn what a trial balance is and why it's crucial in the accounting cycle.
Making Adjusting journal Entries: Discover how to adjust entries based on additional information not included in the trial balance.
Preparing Financial Statements:
Balance Sheet: Step-by-step guide to compiling a balance sheet.
Income Statement: Detailed instructions on preparing an income statement.
Calculating Key Financial Ratios:
Profitability Ratios: Understand and calculate important ratios like ROCE, Profit margin on sales, and Assets turnover ratio.
Gearing Ratios: Learn how to assess financial leverage using ratios like Debt-to-Equity and Interest Coverage Ratio.
Why Watch This Video?
Student-Focused: Tailored for undergraduate finance students with practical, assignment-based examples.
Clear Explanations: Easy-to-follow steps that break down complex accounting concepts.
Visual Aids: Helpful examples to reinforce learning.
Exam Preparation: Ideal for exam review and understanding key concepts required for finance courses.
Tags:
#FinanceAssignment #TrialBalance #FinancialStatements #AdjustingEntries #BalanceSheet #IncomeStatement #ProfitabilityRatios #GearingRatios #AccountingTutorial #FinanceStudent #AccountingBasics
Don't forget to LIKE, SUBSCRIBE, and COMMENT if you found this video helpful. Share it with your classmates and friends who might benefit from this tutorial!
Connect:
/ learnaccountingfinance
www.learnaccountingfinance.com
www.tiktok.com/@learnaccounti...
Subscribe: ua-cam.com/users/LearnAccount...
Course Alert:
If you would like to learn in detail, how to calculate sales variances and the impact they have on sales $, profit $ and profit margin %, and how to explain performance vs budget and prior periods, click on the link for a detailed video course (at a special price). You will also learn how to analyse and present the results of the variances to management and will be able to download solved variance calculation Excel templates. ebitda.thinkific.com.
Videos you may like:
Learn sales and profitability analysis in detail here: • The Complete Sales and...
Gross profit and gross profit margin explained: • Gross Profit Margin ex...
How calculate selling price and profits on Etsy: • Etsy fees explained, h...
Standard Margin and Actual Margin - the Difference: • Standard Margin vs Act...
How calculate selling price and profits on Etsy: • Etsy fees explained, h...
Some Recommendations:
Are you a First Time or New Manager? Check this out: amzn.to/35qWzLc
Learn pivot table data crunching business skills here: amzn.to/3lgYB5E
Learn all about Excel in one place: amzn.to/3laCXQx
Learn what financial numbers really mean here: amzn.to/2HPYDUI
Accounting explained in 100 pages or Less: amzn.to/3rCProc
Note: At no extra cost to you, I may receive some commission if you purchase using the links above.
Hope you find the information in the video helpful. If you like to watch more videos in accounting, financial analysis and controller ship, videos that help you directly in doing your job, subscribe to my channel. If you liked the video, I would love if you could LIKE it and leave a comment. If you have any questions or feedback, again leave a comment. Lets stay connected at #learnaccountingfinance.

[@NitinKumar-pw2hf]

Thank you sir

[@OMAR-ol1si]

Thank you. Well explained. Shall appreciate if you can please upload the excel data sheet

[@i.5mviews923]

pls provide the data sheet