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Get more in-depth lessons via Axel's Accofina books: (1) Financial Statement Basics https://www.amazon.com/Financial-Stat... (2) Ratio Analysis Fundamentals https://www.amazon.com/Ratio-Analysis... Financial Statement Fundamentals (3 of 39): Universality of Financial Statements Support the AccoFina Patreon if you're a fan, or believer, in my work: / accofina Time Markers: 1) The Wonder behind these Straightforward Documents 0:22 2) Universal Common Language to Tell A Story 0:59 3) Different accents, but the one language 1:25 4) Think about it (Summary) 2:00 Please Help Translate the Captions, Title and Description of this Video Tutorial: http://www.youtube.com/timedtext_vide... FINANCIAL STATEMENT FUNDAMENTALS How to Understand the Story of Any Business at Any Time Lecture: The Universality of Financial Statements UNIVERSALITY OF FINANCIAL STATEMENTS The Wonder behind these Straightforward Documents: Can be used by every business on the planet, from micro business to multinational The same statements from: Business birth, to Growth, to Epic global corporation Universal Common Language to Tell A Story: A story of performance and position ...and much detail within these Every single financial statement, ever and anywhere, was based on same underlying accounting theory underneath Different accents, but the one language: Yes, statements can come with different formatting, presentation & complexity... ...based on business size, structure, geography & even CFO ‘taste’ BUT! They all follow same accounting theory and very similar formal ‘rules’ Think about it: How many fields of knowledge present their summary information in such a universal format... ...with the purpose of making that information: as Comprehensible for as many people as possible and as Useful for as many people as possible Few fields of study have this level of accessibility, combined with this level of global impact & influence This video was brought to you by AccoFina... Subscribe to the Channel: https://goo.gl/84Sfeg Or just check out the Channel Page: https://goo.gl/yTj9Bs Most Popular YouTube Video: https://goo.gl/Jbv685 Latest YouTube Upload: https://goo.gl/wDM83Y http://www.accofina.com http://www.amazon.com/author/axeltracy / accofina http://plus.google.com/+accofina / axel_accofina / accofina.page #Accounting #FinancialEducation #FinancialStatementFundamentals