The Accounting Equation SIMPLIFIED
➡️ Download the following Infographic & Excel File!
Infographic: https://www.yourcfoguy.com/templates/...
Excel File: https://www.yourcfoguy.com/templates/...
In this video, I’ll walk you through:
What is the Accounting Equation?
Why is this equation so important?
Definition of Assets, Liabilities & Owner's Equity
How the Accounting Equation adds up
⏱️ TIMESTAMPS
0:00 Intro
0:07 What is the Accounting Equation and Why is it important?
0:25 Infographic & Excel File to download
0:47 The Accounting Equation - Definition
1:00 Assets - Definition
1:11 Assets - Examples
2:14 Left vs Right side of the Equation
2:30 Liabilities - Definition
2:47 Liabilities - Examples
3:07 Owners Equity - Definition
3:27 Owners Equity - Explanation with Example
3:40 Equity Accounts
4:40 Owners Equity - More Examples
4:50 Why is this Equation so special?
5:10 Double Entry Accounting
5:20 Example
5:57 Example 2
6:27 Outro
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