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in todayamp;#39;s video iamp;#39;m going to go over the relationship between the income statement and the balance sheet accounts and for example when you look at the income statement you have sales and as you make sales that creates accounts receivable and then you have a movement within the balance sheet accounts from accounts receivable to cash which is in total referred to as the sales conversion cycle or days sales outstanding so this is the kind of thing weamp;#39;re going to be going over today so stick around and if youamp;#39;re new to the channel welcome my name is bill hannah iamp;#39;m the financial controller iamp;#39;m a licensed cpa in the great state of new york and the purpose of this channel is that i give you my summary of my experience over the last 15 years working in accounting so that you may debit your knowledge your biggest assets and credit your self-doubt wow okay i like that all right so you got the income statement and then you got the balance sheet an
