ACCT 2050 at University of Minnesota--Twin Cities

4. The Balance Sheet

in Topic 1 (Video 4 of 8)
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The Balance Sheet is a financial statement used to show a company's assets, liabilities, and equities at a single point in time. It is, most literally, the accounting equation.

The Rest Of The Videos

1 The Accounting Equation 3:02
2 Assets vs Liabilities 5:32
3 Shareholder's Equity 5:26
4 The Balance Sheet
You are here. 		5:52
5 The Statement of Retained Earnings 5:51
6 The Income Statement 6:19
7 The Statement of Cash Flows 6:02
8 How the Statements Work Together 9:02
Topic 2 →

Topic 1 Practice Problems

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1 Matching Basic Vocabulary Easy
2 Account Classifications Moderate
3 Solving for Net Income Moderate
4 Tying the Statements Together Moderate
5 Solving for Retained Earnings Hard

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