The Balance Sheet Explained

The Balance Sheet Explained

iAM Learning
Updated May 14, 2021

You’ve heard of Al Capone, right? Well, he’s heard of you too. He’s impressed by your accounting skills and he’s decided to make you his next bookkeeper. The last guy? He’s sleeping with the fishes, but don’t worry about that. The first thing you need to look at is the balance sheet. Get that right and everything will be just fine…

No one likes to guess how their business is doing – least of all a mafia don. So, understanding the balance sheet is important. When you do, as a business owner, you’ll discover whether you’re sinking or swimming. As a mafia accountant, getting it right will mean the difference between being a made man (or woman)… and wearing the dreaded concrete boots.

What does this course cover?

  • Identify how a balance sheet works
  • Explain the benefits of the balance sheet
  • Use a balance sheet correctly

Why should I take this course?

Whether you run a business or take care of the accounts, this course is for you. You’ll see how a balance sheet works, what the benefits of using a balance sheet are, and how to use a balance sheet to benefit a business. Just make sure you get it right. Capisce?