by Ken Boyd | Publisher: Infinite Skills | Release Date: June 2016 | ISBN: 9781771375856

Maybe you're a budding entrepreneur, somebody with a great idea you'd like to turn into a business. Or maybe you're that super coder who has just been named to lead a division. Either way, you're now someone who needs to know how to read a balance sheet to keep your business or your career on track.In this course, Ken Boyd doesn't just decipher balance sheet terms, he teaches you the meaning behind them. Concepts such as retained earnings, operating income, and net income are demystified and become useful tools for making decisions.Master the basics of reading a balance sheet and how it's used to make business decisionsUnderstand asset account terms, liability account terms, and equity account termsLearn why balance sheets connect to income statements and cash flow statementsExplore why the way you raise capital dramatically impacts business resultsSee why net income produced by a business can be very different from the rate of cash inflowsReview the ways assets can be valued to increase earnings and improve your balance sheetDiscover why short term liquidity needs must be balanced against long term solvency needsKen Boyd has over 30 years of experience helping companies create budgets, make decisions about long-term financing and evaluate how to raise capital. Ken is a former Adjunct Professor at St. Louis University. He creates books, podcasts, blogs, articles and speaking services on accounting and finance. He is author of the O'Reilly title Understanding an Income Statement as well as the titles Cost Accounting for Dummies, The CPA Exam for Dummies, and 1,001 Accounting Questions for Dummies.

1. Introduction
   • Introduction 00:04:59
   • About The Author 00:01:48
   • Why The Balance Sheet Is Important 00:07:27
   • The Balance Sheet Formula (Assets – Liabilities = Equity) 00:06:16
   • Understanding Retained Earnings 00:05:22
2. Asset Account Terms
   • Current Assets 00:05:28
   • Accounts Receivable And Inventory 00:06:08
   • Inventory Costing Methods 00:05:51
   • Long-Term Assets 00:06:48
3. Liability Account Terms
   • Current Liabilities 00:04:55
   • Accrued Liabilities 00:06:03
   • Long-Term Debt 00:06:12
4. Equity Account Terms
   • Common Stock 00:05:24
   • Additional Paid In Capital (APIC) 00:04:21
   • Issuing Stock 00:05:41
5. Conclusion
   • Wrap Up 00:04:39