Accounting 101: Understanding the Retained Earnings Statement

This video series is for those new to account­ing or indi­vid­u­als who just want to know a lit­tle more about account­ing basics. That is my tar­get audience.

In this video, I explain the Retained Earnings Statement and link it to another concept, the Income Statement. To make the concept more concrete, I use an example of a small business that must decide how to allocate its Net Income; pay dividends, or retain earnings? I also walk the viewer through an actual retained earnings statement explain­ing how it is organized and how infor­ma­tion on the state­ment is related.

Thank you for watching!

Source:
Warren, C.S. (2008). Survey of Accounting (Fourth Edition). Mason, OH: South-Western Cengage Learning. (I really like this book so check it out!)

My playlist table of contents, Video Companion Guide PDF documents, and file downloads can be found on my website: https://www.bcfoltz.com