This episode is all about the liability and equity side of the balance sheet. We'll discuss how to properly record and report liabilities and equity, and how to avoid common mistakes. We'll also explore how changes in liabilities and equity can affect a company's financial statements. Tune in for all this and more!

Episode Outline

(00:00) Introduction

(01:09) Relationships Between Financial Statements

(04:26) Retained Earnings

(06:10) Cash Flow Statement

(12:36) Net Change

(17:09) How Cash Flow Statement Ties into Balance Sheet?

(21:26) Balance Sheet and Cash & Income Statements

(24:01) A Cash Flow Statement in a Cup Statement

(25:09) Interest Expense

(27:17) Equity and Liability

(31:46) Conclusion

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