Video

  • 20 minutes

The Making of Financial Statements - Balance Sheet, Income Statement and Cash Flow Statement

 
There are three steps in the making of financial statements. First, separate business entities engage in business transactions. Second, transactions are transformed through an accounting process into financial statements. And third, financial statements tell us the financial health of the company. There are six different types of business transactions and our speaker believes that any transaction that a company engages itself in will fit into one of these categories: invest funds into the business; borrow funds for investment and operations; buy goods and services from others, usually on credit; pay for goods and services; sell products and services to others, usually on credit; collect for goods and services provided.

In this 19-minute video our speaker, Carl L. Young, MBA, also reviews details of a balance sheet, income statement and cash flow statement.

Carl L. Young, MBA is Mr. Simplicity. He is an author, and former Chief Financial Officer (CFO) of a $275M high growth company; a business owner (CEO) of C Young Consulting LLC; a consultant; a business coach; a passionate, and entertaining speaker and trainer; a scholar in the Gersen Lehrman Council of Experts; and a member of the Standard and Poors Society of Industry Leaders. Mr. Young is a highly trained accountant with more than 25 years of speaking and training experience. He has presented seminars both nationally and internationally on finance, accounting, payroll and inventory.
Runtime: 19 minutes

Faculty

Carl L. Young, MBA

Carl L. Young, MBA

C Young Consulting LLC

Agenda

Faculty

Carl L. Young, MBA

Carl L. Young, MBA

C Young Consulting LLC

  • Mr. Simplicity
  • Author, former Chief Financial Officer (CFO) of a $275M high-growth company; business owner (CEO) of C Young Consulting LLC; consultant; business coach, passionate, and entertaining speaker and trainer; scholar in the Gersen Lehrman Council of Experts and member of the Standard and Poors Society of Industry Leaders
  • Highly trained accountant with more than 25 years of speaking and training experience
  • Presented seminars both nationally and internationally on finance, accounting, payroll and inventory
  • His real-world experience was obtained in the years spent in a high-growth company that grew from $10M to $275M in revenue
  • Started as chief accountant and rose through the ranks to Chief Financial Officer (CFO)
  • Former business owner (CEO) of a manufacturing firm
  • A turnaround consultant and coach, specializing in organization, management, business processes, internal control, and accounting processes, and systems
  • Currently specializes in webinars/seminars on-site customer-specified training and business coaching
  • Has developed several webinars under the banner of Webinars Worth Watching; his website is www.CYoungConsulting.com
  • Wrote Carl Young’s Rules of the Business Game, based on his 25 years of experience in senior-level finance, accounting, and business management positions
  • Also wrote Handbook-Small Business Management Made Simple and several Mini Books: Finance & Accounting Made Simple, People Pleasing vs. Pencil Pushing, Rules & Tools for Thriving in Chaotic Times

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