Financial Statements Made Easy - A Practical Approach

Preparing a financial statement can be a Herculian task for anyone who is not from an accounting background. We are here to teach you the basics of how a financial statement operates and also take you through a live session of preparing an income statement, balance sheet and cash flow statement. This video is targeted towards business users and beginners with very little, if not no accounting background. We will show you how you can prepare a set of financials with just the knowledge of business transactions. Through out the video you will find no reference of Debits, credits or any other accounting terminologym rather we aim to teach you the concepts involved in the financial statement with simple examples from day-today business transactions.