Accounting Real Life Tasks - Trace transaction through Financial Statements (Understand flow of data)

Join 10,000+ professionals who enrolled in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy [coupon 30OFFCOURSE for 30% discount] Download the file used in the video: https://thefincontroller.com/p/trace_transaction Videos mentioned How to Turn a Trial Balance into an Income Statement: https://youtu.be/8jh1BdC57sA How to Turn a Trial Balance into an Balance Sheet: https://youtu.be/ptdbIiVA9oQ How to create a Cashflow Statement: https://youtu.be/YSdkZI1tXUQ Chapters: 00:00 Agenda 01:02 Transaction 01:25 1. Journal Entry 02:17 2. General Ledger 03:36 3. Trial Balance 05:30 4. Income Statement 06:19 5. Balance Sheet 06:58 6. Statement of Cashflow What we cover in this video: We begin with a business transaction and we take it through the process of journal entry, general ledger, trial balance, etc. ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice