How the Statements Work Together - Acg 2021, Florida International University

in Chapter 1 (Video 8 of 16)

9 minutes

All these statements... How do they work together? Where do I start? It's not terribly complicated. Let me show you.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)

Beginning RE

+ Net Income

– Dividends

Ending RE

Revenues

– Expenses

Net Income

Operating Cash Flows

+ Investing Cash Flows

+ Financing Cash Flows

Net Increase (Decrease) in Cash

+ Beg Balance Cash

Ending Cash Balance

1	The Accounting Equation	3:02
2	Assets vs Liabilities	5:32
3	Shareholder's Equity	5:26
4	The Balance Sheet	5:52
5	The Statement of Retained Earnings	5:51
6	The Income Statement	6:19
7	The Statement of Cash Flows	6:02
8	How the Statements Work Together You are here.	9:02
9	Current Assets	9:57
10	Non-Current Assets	10:25
11	Current Liabilities	6:24
12	Non-Current Liabilites	2:00
13	Contributed Capital	5:10
14	The Classified Balance Sheet	4:48
15	The Multistep Income Statement	12:44
16	Retained Earnings vs Shareholder's Equity	6:41

	Click Here to View All Chapter 1 Problems at Once	View
1	Current Assets	Easy
2	Matching Basic Vocabulary	Easy
3	Retained Earnings	Easy
4	Account Classifications	Moderate
5	Solving for Missing Amounts	Moderate
6	Solving for Net Income	Moderate
7	Tying the Statements Together	Moderate
8	Account Classifications	Hard
9	Calculating Operating Income	Hard
10	Solving for Retained Earnings	Hard