How the Balance Sheet Works | Understand the Statement of Financial Position

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  • Опубліковано 9 лют 2025

КОМЕНТАРІ • 568

  • @LeilaGharani
    @LeilaGharani  4 місяці тому +1

    Learn Financial Analysis in Just 30 Minutes!
    Join our FREE QuickStart course now and start learning instantly-no cost, no hassle! 👉 link.xelplus.com/yt-free-finance-basics

  • @corradolicini3681
    @corradolicini3681 4 роки тому +87

    Your videos are amazing. I've been an accountant for over 25 years and trained many people, but now looking for simple ways to help my wife understand accounting as she gets involved in the business. I always prided myself in being great at explaining things, but I come no where near your clarity, delivery and techniques. You are very special. I mean that. Just incredible videos.

  • @anilbhardwaj3226
    @anilbhardwaj3226 5 місяців тому +3

    I can see this video was posted 4 years ago but demonstration of balance-sheet is unmatched, even big named University cannot explain the way you have explained. I am literally amused with your teaching technique and got all my doubts cleared.

  • @ammcjk2011
    @ammcjk2011 10 місяців тому +4

    I asked my wife if it were ok to fall in love with you, and she told me it was ok since she loves you too 🙂. I have been trying to bend my mind around the basics of financial statements, and this is the first time I have been able to get the necessary understanding. Truly appreciated!!

  • @MrZoszos
    @MrZoszos Рік тому +5

    The whole system has been designed to complicate everything especially with bogus terminologies but you've broken things down so much in ways that any average person can understand.
    Good job and many thanks 👍👍

  • @dallashill23
    @dallashill23 5 років тому +30

    I am aspiring to become an accountant and you've helped me so much. I thank you from the bottom of my heart.

  • @JAGaymer
    @JAGaymer 3 роки тому +1

    Great explanation!

  • @ankitaawasthi119
    @ankitaawasthi119 6 місяців тому +1

    Superb. The thought to simplify the concept and the passion to help folks understand is amazing. Thank you 😊

  • @dennisd5776
    @dennisd5776 5 років тому +27

    Interesting and effective way to explain a complicated idea.

  • @rajendrarao4950
    @rajendrarao4950 4 роки тому

    Seriously ur explanation makes understand better than anyone lecture who r just grabbing money for online tutorials. Keep uploading new videos with creative way. Finally Thank you 👏

  • @ronvds4713
    @ronvds4713 5 років тому +34

    I retired a number of years ago after starting and running a number of successful businesses. This video would have been great when I started my first buisness at 19.

  • @donworland
    @donworland 3 роки тому +9

    Your work is GREAT, I have whittled down my accounting lessons to yours because of how clearly you've taught the art and science. I plan to go through more of your playlists as I continue learning about accounting and bookkeeping, I am subscribed! Thank you very much.

  • @mukalledr
    @mukalledr 5 років тому

    In my line of work, I really don't need true accounting; yet I learned something new in a very exciting way today.
    On another hand, I work in the best Medical Center in the middle east (AUBMC) and I am encouraging my colleagues to subscribe and follow you.
    Thank you for your effort.

    • @LeilaGharani
      @LeilaGharani  5 років тому

      Thank you for your support Rabih!

  • @yingxufang2177
    @yingxufang2177 3 роки тому +2

    As an international student struggling with accounting your existence means a lot really!!
    My life saver🥺

  • @kimsadowski4058
    @kimsadowski4058 Рік тому +1

    Hands down the best explanation I have ever seen. Many thanks :)

  • @alanlee823
    @alanlee823 3 роки тому

    5 / 5 stars --- anyone starting out will now understand how and why the balance and t account -- always balances on watching this

  • @1rocknroy
    @1rocknroy 2 роки тому

    Rearranging the accounting equation made all the difference for me. Clears up so much. Thumbs UP UP UP and away!

  • @דניאלשקוריחזקיםעלבמתהחיים

    You are a great teacher. I just could understand (before seeing your video), how liabilities are considered assets, simplifying and explaining that clearly is a gift. Thank you

  • @waynethurman2144
    @waynethurman2144 5 років тому +3

    Hope you do a video on the cash flow statement soon! Your Excel videos are probably the best on the planet!

  • @professord44
    @professord44 2 роки тому +1

    Leila, that demonstration was just terrific. Thank you 😄

  • @Thesp88
    @Thesp88 3 роки тому +4

    This is amazing honestly, I can’t believe how much I’m learning with your videos. You make accounting less daunting and convoluted!!

  • @sherazadepalma4653
    @sherazadepalma4653 4 роки тому +2

    Great example !!! Balance sheet was explained really well and in a so easy way!! Thank you so much for your help Miss Leila

  • @whiterashonda
    @whiterashonda 2 роки тому +2

    You’re awesome! I’m trying to get the foundations of accounting down and your visuals and stories are most helpful! Subscribed!!! Thank you!

  • @albertocovarrubias4311
    @albertocovarrubias4311 4 роки тому

    Wow!
    The clearest, simplest, way to explain how balance sheet work. Thanks for Sharing.

  • @excelisfun
    @excelisfun 5 років тому +24

    Thanks for the clever Juice Balance Sheet Video : )

    • @rrrprogram8667
      @rrrprogram8667 5 років тому +1

      Hi mike... Hope u are doing good...

    • @LeilaGharani
      @LeilaGharani  5 років тому +11

      Thank you Mike. I had to drink a lot of juice in the making of this one : )

    • @robertweekley5926
      @robertweekley5926 4 роки тому +2

      @@LeilaGharani Well - You Really Did "Juice" this Demo, then!

    • @youtuber.9624
      @youtuber.9624 2 роки тому

      @@LeilaGharani 😄👌

  • @damaleslibonga8882
    @damaleslibonga8882 Рік тому

    Thanks you are Way waaaaaaay better and more fun than my business studies teacher 😊😊😊😊😊❤

  • @ahmedalmassri2037
    @ahmedalmassri2037 3 роки тому +1

    your videos always amazing,
    i have MBA and studied balance sheet but now i understand the concept very well
    really appreciate

  • @pdgiven
    @pdgiven Рік тому

    Excellent explanation of not only the Balance Sheet but also the 'concept' of Equity' and how these are used to determine the overall financial health of a company at a particular point in time: bravo!

  • @Elkhamasi
    @Elkhamasi 3 роки тому

    Now I have a series to binge watch over the holidays.

  • @raza107
    @raza107 5 років тому +1

    The way you explain BS is excellent and more than which normally expecting from expert financial analysts .it is simply you add value in your work. Well done n keep it up

  • @paultreviska9417
    @paultreviska9417 3 роки тому

    And now I know! Thank you for the clarity. Crystal clear like the glasses

  • @carolcrossley9791
    @carolcrossley9791 2 роки тому +1

    Another really innovative way to explain the balance sheet. Well done.

  • @t3geek
    @t3geek 5 років тому +2

    Perfect timing, Leila, as I just signed up to start an MBA program. Please keep these coming!

  • @LidiaSchwanche
    @LidiaSchwanche 7 місяців тому

    SO GRATEFUL FOR YOUR VIDEOS!! YOUR TEACHING SKILLS ARE 💯

  • @Ad-fs7pf
    @Ad-fs7pf 5 років тому

    Great explanation! Using the visual of orange juice is a perfect way to demonstrate the function of the balance sheet. Love your videos, thanks for producing them.

    • @LeilaGharani
      @LeilaGharani  5 років тому

      Glad you like the little fun demo :)

  • @christianpetersen1782
    @christianpetersen1782 3 роки тому

    Leila, where have you been all my life?!! I have been studying balance sheets and numbers etc for years and even asked an accountant in our finance dept to help me understand balance sheets but nothing worked.
    I could never work out how every time, unless by pure coincidence, Liabilities plus Stakeholders’ Equity equaled Assets.
    It would be so much easier to understand from the beginning if the balance diagram showed Stakeholders’ Equity on one side of the balance and Total Assets minus Total Liabilities on the other side. This is much closer to the common understanding of Profit equals Income minus Costs. It has taken until your video for me to realise that the reason it balances every time is because the stakeholders’ Equity is included but hidden in the Total Assets. I’m slow but I get there in the end!
    Thank you so much for simplifying it. I’m overjoyed 😄. Fantastic.
    You just earned a new subscriber. Mwa!

  • @youssefyoussef5096
    @youssefyoussef5096 4 роки тому +1

    Amazing explanation, I've just started my Amazon FBA business and I needed this to know more about accounting. I'm gonna watch all your videos, and check if you have something for e-commerce. You're the best 🤗

  • @suheshlal
    @suheshlal 5 років тому

    I am a CMA and I see u explains splendidly. Maybe if I explain the topic half ppl will not understand. Good Job LG. Keep up the spirit and the next topic should be Cash Flows.

  • @solarpunk_
    @solarpunk_ 5 років тому +2

    Leila, well done on another clear and concise video explaining the everyday business metrics finance work with. I’d really like to see an explanation of Gross Profit v’s Net Profit. Thanks

  • @MrRchrd725
    @MrRchrd725 3 роки тому

    The Best Accounting Lesson Ever.. AMAZING and APPRECIATE the Hard Work Thank You

  • @beauanthony9309
    @beauanthony9309 Рік тому +1

    Currently doing a masters degree. These videos are actually better than the content in a top 50 (worldwide) university...

  • @peaceada234
    @peaceada234 3 роки тому +1

    Wow this video is interesting. I just started my journey of accounting so I hope you post more of this videos cause they are quite helpful

  • @kellylynch2428
    @kellylynch2428 Рік тому

    Thank you for your fun Demo that helps my brain better understand the mysterious balance sheet. I am a new subscriber now.

  • @michaelismael9847
    @michaelismael9847 2 роки тому

    This is beyond clarity. I love it. Thanks so much

  • @cristinawright7262
    @cristinawright7262 4 роки тому +1

    You made this much easier to understand than anything that was taught to me in the 4 years of getting my Bachelor's in Accounting!

    • @LeilaGharani
      @LeilaGharani  4 роки тому

      I'm glad to hear that, Cristina :)

  • @habielmisocha9096
    @habielmisocha9096 3 роки тому

    You are s great Tuitor. You are improving the academic life for many students and professionals.

  • @deep5091
    @deep5091 7 місяців тому

    Since when I was in 12th never got the real logic behind it but after watching this I am able to got everything about the balance sheet. Thank you so much Mam.

  • @1000left
    @1000left 11 місяців тому

    EXCELLENT demonstration!!!! Thank you!!!!

  • @revivelifewithme
    @revivelifewithme 3 роки тому +1

    Thank you so much Di for making such wonderful videos on accounting. Really appreciate it 👍

  • @kksanthosh
    @kksanthosh 2 роки тому

    awesome demonstration... I used to get confused on what equity is.thi video made it clear

  • @pravinr197
    @pravinr197 3 роки тому

    Teacher your explanation about balance sheet is awesome.

  • @andrewpaladeniya6475
    @andrewpaladeniya6475 2 роки тому

    Your teaching style is amazing. Thanks a lot.

  • @lawrencemukombwe7724
    @lawrencemukombwe7724 2 роки тому

    Thank you so much. The fun demo was a great illustration. I now understand

  • @fhmike1
    @fhmike1 5 років тому +27

    I might have to sue you for making me fall in love with your lessons. Since the first time I saw your video on Index Aggregate I just found you irresistible. You are such a wonderful teacher. Thumb Up

    • @miket2916
      @miket2916 4 роки тому +1

      Thirst

    • @ludovicdhonow3398
      @ludovicdhonow3398 2 роки тому

      What an amazing explanation and indeed yes,its funny.. 🥰 very nice.

  • @aeybeec
    @aeybeec 3 роки тому

    Been Commerce Pass out, Now Balance Sheet is Clear. Thanks Please More Video On Accounts

  • @scarlettnguyen9627
    @scarlettnguyen9627 4 роки тому +2

    i really love your explanation compared to others. You definitely get my subscription and likes. Thanks so much for your hard work!!

  • @SuraliMurugan
    @SuraliMurugan 2 місяці тому

    Great teaching 😊

  • @saleemahmad-mk8yg
    @saleemahmad-mk8yg 2 роки тому

    wow !!!! what the brilliant way of learning its simply amazing, really i am speechless -thanking you

  • @peternganga9371
    @peternganga9371 5 років тому

    Wow! What a demo! Thanks Leila.

  • @MarCesar
    @MarCesar 5 років тому

    Interesting way to explain the movements of money in a company. Very good. Always a pleasure to watch your videos!

  • @Kishore_ki_kalam
    @Kishore_ki_kalam 5 років тому

    Till now best example for understanding of Balance sheet and it's components. 🤗🤗 i am waiting to next part of accounting trough best examples. You give. Thanksss alot

  • @SpiridonSpiridonovich
    @SpiridonSpiridonovich Рік тому

    Great visualisation. Many thanks! 🎉

  • @advage07
    @advage07 3 роки тому

    one of the best way of explaining. Thank you Miss

  • @ojooluwabankole5950
    @ojooluwabankole5950 2 роки тому

    Your Explanations are second to None. I hope to meet you someday Leila.

  • @2002muju
    @2002muju 4 роки тому +2

    Absolutely brilliant way of explaining / teaching a layman some technicalities of balance sheets. Thank you, keep up the good work 😊

  • @JemmaJems
    @JemmaJems 4 роки тому

    I'm beginning to find account so interesting through this video. And the soft voice is what makes it really wow... Thumps up

  • @ambangmongo2888
    @ambangmongo2888 3 роки тому

    I'm so glad I found you, you are just the best.

  • @EHASSAN-eu5lx
    @EHASSAN-eu5lx Рік тому

    Etiquette rules vary across cultures and contexts, but there are some fundamental guidelines that can help individuals navigate social situations with grace and respect. Here are some general etiquette rules that many people find helpful:
    1. **Respect Personal Space:** Maintain an appropriate physical distance when interacting with others. In most cultures, a comfortable distance is around arm's length.
    2. **Greeting:** When meeting someone, offer a friendly greeting, such as a handshake, a nod, or a smile. Use appropriate titles and names unless you're given permission to use a more informal form of address.
    3. **Punctuality:** Be on time for appointments, meetings, and events. Being consistently late can be seen as disrespectful of others' time.
    4. **Dress Appropriately:** Dress in a manner that is suitable for the occasion. When in doubt, it's usually better to be slightly overdressed than underdressed.
    5. **Table Manners:** When dining, follow basic table manners, like chewing with your mouth closed, not talking with food in your mouth, and using utensils properly. Wait for everyone to be served before beginning to eat.
    6. **Listening Skills:** Practice active listening when engaged in conversation. This means giving the speaker your full attention, not interrupting, and showing interest in what they're saying.
    7. **Cell Phone Usage:** In social settings or during meetings, avoid using your cell phone unless it's necessary. If you need to take a call, excuse yourself politely.
    8. **Thank You Notes:** Sending thank-you notes or messages after receiving gifts, attending events, or being helped by someone is a thoughtful way to express gratitude.
    9. **Respecting Elders and Authority:** Show respect to elders, authority figures, and those in positions of responsibility. Use appropriate titles and show deference when appropriate.
    10. **Apologizing and Forgiving:** If you make a mistake, apologize sincerely. If someone apologizes to you, be willing to forgive and move on.
    11. **Hold Doors:** When entering or leaving a building, hold the door open for others if they're right behind you.
    12. **Cultural Sensitivity:** Be aware of and respectful towards cultural differences. Avoid making insensitive comments or assumptions about someone's background.
    13. **Eye Contact:** Maintain appropriate eye contact during conversations. It shows interest and engagement, but excessive staring can be uncomfortable.
    14. **Interrupting:** Avoid interrupting people while they're speaking. Wait for a natural pause in the conversation to contribute your thoughts.
    15. **Public Spaces:** Be mindful of your surroundings in public spaces. Keep noise levels down in quiet places and be considerate of others using shared facilities.
    16. **Saying "Please" and "Thank You":** Use polite language like "please" when making requests and "thank you" to express gratitude.
    17. **Respecting Privacy:** Respect others' privacy, whether it's refraining from prying into personal matters or not sharing someone's private information without permission.
    18. **Hand Hygiene:** Practice good hand hygiene, especially before and after meals and after using the restroom. This is especially important in preventing the spread of illnesses.
    19. **Gift Giving:** When giving gifts, consider the recipient's preferences and cultural norms. It's the thought that counts, so choose something meaningful and appropriate.
    20. **Exiting Conversations:** If you need to leave a conversation or a social event, do so politely by excusing yourself and offering a reason if necessary.
    Remember that etiquette is all about treating others with kindness, respect, and consideration. Adapting these guidelines to specific situations and cultures will help you navigate social interactions effectively.

  • @LECityLECLEC
    @LECityLECLEC 4 роки тому +2

    I nominate you for the Nobel Prize of Economics for creatively coming up with this orange juice/water example :D! You rock thanks for the videos.

  • @ayeshMehek
    @ayeshMehek 2 роки тому

    You are amazing with the simple explanation.. Thank you so much❤️❤️😊

  • @reginaldchinweze3169
    @reginaldchinweze3169 3 роки тому

    You are a great teacher. Love you so much.

  • @RD-tu2if
    @RD-tu2if 3 роки тому

    That was the most creative explanation of the balance sheet. Great video!

  • @yilinmichel
    @yilinmichel 8 місяців тому

    Excellent explaination. Good video. Thank you very much. 😊

  • @stefandaniel3814
    @stefandaniel3814 4 роки тому

    You are the best teacher ever! Thank you for making so easy to understand! Keep doing a brilliant job!

  • @syedyusufahamedzubairullah5615
    @syedyusufahamedzubairullah5615 5 років тому +2

    As Always Leila you understand Humans well. May more videos be blessed through you...

    • @LeilaGharani
      @LeilaGharani  5 років тому

      Glad you like it. More videos are coming. Stay tuned :)

  • @abuzakariyo6906
    @abuzakariyo6906 3 роки тому

    Best video series about accounting

  • @subhasispatnaik975
    @subhasispatnaik975 5 років тому +1

    As usual, another critical topic explained in the best possible and simple way. You nailed it Leila..Keep shinning ❤️❤️😊😊

  • @victor7530
    @victor7530 3 роки тому +2

    Thanks Leila. This is a very clear explanation. I am doing AAT level 3 and you have reminded me of a few things and clarified a few things for me.

  • @espansosophialorraine
    @espansosophialorraine 3 роки тому

    How could u explain it the easiest way? I salute youuuu😩💗

  • @asapusrinivas
    @asapusrinivas Рік тому

    Thank you for simple explanation of balance sheet. Very useful. Must watch

  • @tripham2063
    @tripham2063 3 місяці тому

    Thanks for the excellent explanation

  • @llgla
    @llgla Рік тому

    Your explanation in this video has helped me. Thanks!

  • @HappyheartbyNida
    @HappyheartbyNida 5 років тому

    Juice example was great to understand . I never knew it was so easy. Thanks Leila

  • @Vale-jh5cz
    @Vale-jh5cz 3 роки тому

    Wow, Love your your explanation. You explain it simple and very easy to understand. You encouragement me to learn more 👍

  • @getnetbiazen2329
    @getnetbiazen2329 4 роки тому

    Simply wow on the way you explain accounting

  • @avilbadree4695
    @avilbadree4695 2 роки тому

    Totally enjoyed your demo. Thanks for sharing!

  • @dziggy983
    @dziggy983 Рік тому

    Very nice and clear video. Thank you very much. All the best in future work.

  • @mariambahalim748
    @mariambahalim748 4 роки тому

    Please make a video on Fund and Investments value running for a Company. Why do companies make Funds? And How we calculate actual return. Your videos are really helpful and contains the simplest method for understanding.

  • @1gopalakrishnarao
    @1gopalakrishnarao 5 років тому +2

    Excellent Explanation. Very much informative, inspiring, even a small LKG kid understands. Salutations Madam

  • @funnyshorts0610
    @funnyshorts0610 2 роки тому

    Your explanation is so clear and I m from India and I understand all hatts off to you;-)

  • @DougHExcel
    @DougHExcel 5 років тому

    Thanks for the juicy video...fun with balance sheets!

  • @TRX2015
    @TRX2015 5 років тому

    fantastic video! I was lacking a basic understanding of accounting and balance sheets. this really cleared things up. Thank you!

  • @chetan25673
    @chetan25673 3 роки тому

    Excellent demonstration through the way of fun.

  • @ronafortnitenoobie1392
    @ronafortnitenoobie1392 4 роки тому

    I enjoyed watching your video. I'm taking basic accounting and waiting for my books to arrive. My worksheets are due, and this was very helpful to grasp the bigger picture. Thank you Leila.

  • @pi_arjun
    @pi_arjun 5 років тому

    Learning accounting for the very first time in my life and its so fun. Than you mam.

  • @victorjuniorsaka
    @victorjuniorsaka 2 роки тому

    I like the simplicity , you are special

  • @shameemnassiree2780
    @shameemnassiree2780 5 років тому +2

    I must say you teach much better than my High School Teacher did. 😊

  • @stephaniet1796
    @stephaniet1796 2 роки тому

    Thank you for simplifying! I subscribed 😊

  • @romulusmilea2747
    @romulusmilea2747 5 років тому

    I liked a lot the part when you drank the value of depreciation and salaries, it is true, it evaporates every month from company assets. A really suggestive explanation of the balance sheet. Great understanding comes from simple things, explained beautifully. Once again, dear Leila, a splendid work. Keep going, your audience thirst for knowledge will never vanish.

    • @concerned_2023
      @concerned_2023 5 років тому

      Employees are a liability and they start becoming that the first second they start to work.
      You reduced assets (cash) to pay the employees, thus decreasing assets and the liability.
      Hopefully those employees did production work by making, or doing something thus allowing the company to sell a product increase assets (cash or receivable,), or increased efficiency by reducing expences (limit cash drawdown and increase production).
      Anyway, buy two bits.

  • @faustopf-.
    @faustopf-. 2 роки тому

    This was extremely helpful. Thank you!