Trace transaction through Financial Statements (Understand flow of data)

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Videos mentioned
How to Turn a Trial Balance into an Income Statement:
   • Turn a Trial Balance into an Income Statem...  

How to Turn a Trial Balance into an Balance Sheet:
   • Transform a Trial Balance into a Balance S...  

How to create a Cashflow Statement:
   • Prepare Cashflow Statement in 10 Minutes: ...  

Chapters:
00:00 Agenda
01:02 Transaction
01:25 1. Journal Entry
02:17 2. General Ledger
03:36 3. Trial Balance
05:30 4. Income Statement
06:19 5. Balance Sheet
06:58 6. Statement of Cashflow


What we cover in this video:
We begin with a business transaction and we take it through the process of journal entry, general ledger, trial balance, etc.

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