Get Access to My Course "Fundamentals of Financial Analysis" HERE: https://www.xelplus.com/course/learn-financial-analysis/ Find out how a balance sheet works with this special demo! The balance sheet is one of the three main financial statements and it provides information about a company’s financial position at a certain point in time. If you want to understand the financial health of a business that’s the place to start. However, please note that’s it’s just a snapshot a certain point in time: It does NOT show the flows into and out of the accounts during the period. Join 400,000+ professionals in our courses here 👉 https://link.xelplus.com/yt-d-all-courses The balance sheet provides information on the company’s Assets, Liabilities and Equity. Assets are the resources the company owns and uses, and Liabilities is what it owes to others. Equity is the difference between total assets and total liabilities. This leftover money belongs to the owners of the company. Therefore, the more assets a company has and the smaller its debt, the bigger equity will be. It all comes back to the main accounting equation: Assets equal Liabilities plus Equity or if we rearrange: Equity equals Assets minus Liabilities. A higher value for assets, a lower value for liabilities equals higher equity. Link to Accounting Basics video: https://www.youtube.com/watch?v=VYNTBWBqncU Link to Controller Institute that gave me the Demo idea (Christian Kreuzer): https://www.controller-institut.at/ ➡️ Join this channel to get access to perks: null 👕☕ Get the Official XelPlus MERCH: null 🎓 Not sure which of my Excel courses fits best for you? Take the quiz: https://www.xelplus.com/course-quiz/ 🎥 RESOURCES I recommend: https://www.xelplus.com/resources/ 🚩Let’s connect on social: Instagram: https://www.instagram.com/lgharani LinkedIn: https://www.linkedin.com/company/xelplus Note: This description contains affiliate links, which means at no additional cost to you, we will receive a small commission if you make a purchase using the links. This helps support the channel and allows us to continue to make videos like this. Thank you for your support! #Accounting