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Lesson two covers step-by-step, how to prepare the basic financial statements (income statement, balance sheet, and retained earnings statement) for a service company. The five major types of accounts are reviewed and the particular financial statement on which each type of account appears. Transcript – docs.google.com
Wall St. Training Self-Study Instructor, Hamilton Lin, CFA illustrates the interaction and inter-relationship between the major financial statements and clearly describes the difference between accrual-based Income Statement and cash-based Cash Flows Statement. For more information of the video courses previewed here, go to: www.wstselfstudy.com Over 80 hours of online, interactive Self-Study Videos! ***YOUTUBE VISITORS ONLY*** [...]
Demonistration of Financial Statement Preparation
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April 23, 2012