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Financial Statements Explained
Support me on Patreon : https://www.patreon.com/derekbanas
I explain the basics on balance sheets and income statements using an example business. I also explain all of the following: Assets, Equity, Liabilities, Accounts Receivable, Notes Payable, Accounts Payable, Prepaid Expenses and more.
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James Webb: How to Read a Financial Statement
Crowell School of Business Professor, James Webb, teaches on the importance of knowing how to read a financial statement.
Download the Excel file at: http://crowell.biola.edu/blog/2012/nov/12/business-fundamentals-how-read-financial-statement/
September 12, 2012
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Financial Statements - Ch. 1 Video 3
Basic Financial Statements
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5 Minute Finance Lesson: Financial Statement Basics
This video is a brief tutorial on the basics of the 3 main financial statements: the balance sheet, statement of cash flows, and income statement. It provides a bare bones description of each of the 3 statements for those without a business or accounting background
Please note that the 3 financial statements used in the video should be considered separate examples and do not match up to one anoth
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Episode 89: Introduction to Financial Statements, Part 1
Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb
To view additional video lectures as well as other materials access the following links:
YouTube Channel: http://bit.ly/1kkvZoO
Website: http://bit.ly/1ccT2QA
Facebook: http://on.fb.me/1cpuBhW
Twitter: http://bit.ly/1bY2WFA
Google+: http://b
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1 - The Four Core Financial Statements
An overview of the four core financial statements, to accompany http://www.principlesofaccounting.com Chapter 1, Welcome to the World of Accounting
*Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
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How the Three Financial Statements Fit Together
Brought to you by StratPad: Simple Business Plan App.
Try it free at http://www.stratpad.com
This video completes our course on financial statements by showing you how the income statement, balance sheet and statement of cash flows are connected. We'll take you through two months in the life of a company as it's recorded in the financial statements. If you've watched all the videos in the series,
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Financial Statements - Lecture 7 - The Statement of Financial Position - IFRS
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License: CC Attribution 3.0
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Analysis of Financial Statements
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Learn Accounting in 1 HOUR Final Lesson: Preparing Financial Statements
In our last lesson, we will learn how to prepare and present the income statement, the statement of changes in equity, and the balance sheet.
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What are Financial Statements and the Types of Financial Statements (FA Tutorial #5)
This tutorial should provide you with an elementary understanding of the Income Statement, Retained Earnings Statement, Balance Sheet and Cash Flow Statement.
Examples are included like always and if you have any questions feel free to post below in the comment section :)
** NotePirate is privately owned and exclusive to NotePirate.com**
Website: http://www.notepirate.com
Follow us on Facebook
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Projecting the 3 Financial Statements: The Balance Sheet
In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The Rough Answer to Proje
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Accounting 1: Program #4 - "Intro to Financial Statements"
Accounting 1
Program #4
Chapter 1
"Intro to Financial Statements"
dkrug@jccc.edu
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The ABCs of Stock Valuation (2/3) - Reading Financial Statements
Download TradeHero App: http://tradehero.mobi/download
Curriculum contributed by: http://synapsetrading.com/
Introducing the TradeHero Academy with over 45 videos to learn stock trading from. The TradeHero Academy will contain 3 main series divided into 5 categories:
1. Basics of Trading & Investing: http://youtu.be/ehyM9gWy6V0
1.1 Market Basics: http://youtu.be/aZbHR2_K55g
1.2 Stock Market Basi
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Introduction to Financial Statements
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License: CC Attribution 3.0
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FINANCIAL STATEMENTS (PART 1) PROFIT & LOSS ACCOUNT AND BALANCE SHEET)
THIS VIDEO EXPLAINS CLOSING ENTRIES FROM TRIAL BALANCE. ALSO EXPLAINED IS THE PREPARATION OF TRADING & PROFIT AND LOSS A/C AND BALANCE SHEET (WITHOUT ADJUSTMENTS). IN LAST OPENING ENTRIES HAVE ALSO BEEN EXPLAINED.
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Consolidation of Financial Statements Part 1
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Accounting Equation and Basic FInancial Statements Lecture
The Accounting Equation and Basic Financial Statements Lecture
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FINANCIAL STATEMENTS (WITH ADJUSTMENTS) PROFIT & LOSS ACCOUNT AND BALANCE SHEET
THIS VIDEO EXPLAINS PREPARATION OF PROFIT & LOSS A/C AND BALANCE SHEET WHEN ADJUSTMENTS OUTSIDE THE TRIAL BALANCE ARE GIVEN.
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How to Read Financial Statements - Painless, Light, Quick and Simple
NO NUMBERS!
Adult learner-friendly, surprisingly clear. It's the basics for people who need the real basics.
This quick simple bit is part of a simplified series of introductory finance tutorials:
How to Read Financial Statements (11 min)
Financial Forecasting (11 min)
Cash Flow Forecasting (12 min)
Bookkeeping (10 min)
Financial Analysis (11 min)
... for you, for your family, for your business,
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Preparing the Financial Statements (Financial Accounting Tutorial #25)
This financial accounting tutorial explores how the adjusted trial balance is used to complete the 3 main financial statements: the Income Statement, the Balance Sheet, and the Retained Earnings Statement. We examine how to construct these basic finance tools, explain why you construct each statement in a specific order, and examine effects on accounts like equity.
Feel free to skip over parts. I
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Financial Statements - An Introduction
Basic overview of the four financial statements required by GAAP.
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How to Prepare Financial Statements
How to Prepare Financial Statements for Your Business or Corporation- A Practical Guide. For a transcript of this video, and to download the slides and spreadsheet, see http://madanca.com/blog/how-to-prepare-financial-statements/#more-2068
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Financial Statements Explained
Support me on Patreon : https://www.patreon.com/derekbanas
I explain the basics on balance sheets and income statements using an example business. I also expla...
Support me on Patreon : https://www.patreon.com/derekbanas
I explain the basics on balance sheets and income statements using an example business. I also explain all of the following: Assets, Equity, Liabilities, Accounts Receivable, Notes Payable, Accounts Payable, Prepaid Expenses and more.
wn.com/Financial Statements Explained
Support me on Patreon : https://www.patreon.com/derekbanas
I explain the basics on balance sheets and income statements using an example business. I also explain all of the following: Assets, Equity, Liabilities, Accounts Receivable, Notes Payable, Accounts Payable, Prepaid Expenses and more.
- published: 22 Oct 2010
- views: 87310
James Webb: How to Read a Financial Statement
Crowell School of Business Professor, James Webb, teaches on the importance of knowing how to read a financial statement.
Download the Excel file at: http://cr...
Crowell School of Business Professor, James Webb, teaches on the importance of knowing how to read a financial statement.
Download the Excel file at: http://crowell.biola.edu/blog/2012/nov/12/business-fundamentals-how-read-financial-statement/
September 12, 2012
wn.com/James Webb How To Read A Financial Statement
Crowell School of Business Professor, James Webb, teaches on the importance of knowing how to read a financial statement.
Download the Excel file at: http://crowell.biola.edu/blog/2012/nov/12/business-fundamentals-how-read-financial-statement/
September 12, 2012
- published: 08 Dec 2012
- views: 115600
5 Minute Finance Lesson: Financial Statement Basics
This video is a brief tutorial on the basics of the 3 main financial statements: the balance sheet, statement of cash flows, and income statement. It provides a...
This video is a brief tutorial on the basics of the 3 main financial statements: the balance sheet, statement of cash flows, and income statement. It provides a bare bones description of each of the 3 statements for those without a business or accounting background
Please note that the 3 financial statements used in the video should be considered separate examples and do not match up to one another.
wn.com/5 Minute Finance Lesson Financial Statement Basics
This video is a brief tutorial on the basics of the 3 main financial statements: the balance sheet, statement of cash flows, and income statement. It provides a bare bones description of each of the 3 statements for those without a business or accounting background
Please note that the 3 financial statements used in the video should be considered separate examples and do not match up to one another.
- published: 03 Apr 2012
- views: 46281
Episode 89: Introduction to Financial Statements, Part 1
Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb
To...
Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb
To view additional video lectures as well as other materials access the following links:
YouTube Channel: http://bit.ly/1kkvZoO
Website: http://bit.ly/1ccT2QA
Facebook: http://on.fb.me/1cpuBhW
Twitter: http://bit.ly/1bY2WFA
Google+: http://bit.ly/1kX7s6P
The purpose of financial accounting is to provide information to external stakeholders. This information is largely meant to aid in determining the overall health of a company. A primary component of financial accounting is the production of what we refer to as financial statements. These include: the balance sheet, income statement, and the statement of cash flows.
This video is a is the first of a two-part series on financial statements. In addition to discussing the purpose of financial statements, I also provide an overview of the balance sheet.
wn.com/Episode 89 Introduction To Financial Statements, Part 1
Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy. Click here for a 14 day free trial: http://bit.ly/1Iervwb
To view additional video lectures as well as other materials access the following links:
YouTube Channel: http://bit.ly/1kkvZoO
Website: http://bit.ly/1ccT2QA
Facebook: http://on.fb.me/1cpuBhW
Twitter: http://bit.ly/1bY2WFA
Google+: http://bit.ly/1kX7s6P
The purpose of financial accounting is to provide information to external stakeholders. This information is largely meant to aid in determining the overall health of a company. A primary component of financial accounting is the production of what we refer to as financial statements. These include: the balance sheet, income statement, and the statement of cash flows.
This video is a is the first of a two-part series on financial statements. In addition to discussing the purpose of financial statements, I also provide an overview of the balance sheet.
- published: 21 Feb 2013
- views: 16006
1 - The Four Core Financial Statements
An overview of the four core financial statements, to accompany http://www.principlesofaccounting.com Chapter 1, Welcome to the World of Accounting
*Check out ...
An overview of the four core financial statements, to accompany http://www.principlesofaccounting.com Chapter 1, Welcome to the World of Accounting
*Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
wn.com/1 The Four Core Financial Statements
An overview of the four core financial statements, to accompany http://www.principlesofaccounting.com Chapter 1, Welcome to the World of Accounting
*Check out the Classroom page to find out how to take this course for credit: http://www.principlesofaccounting.com/classroom.html
- published: 06 Mar 2010
- views: 68209
How the Three Financial Statements Fit Together
Brought to you by StratPad: Simple Business Plan App.
Try it free at http://www.stratpad.com
This video completes our course on financial statements by showing...
Brought to you by StratPad: Simple Business Plan App.
Try it free at http://www.stratpad.com
This video completes our course on financial statements by showing you how the income statement, balance sheet and statement of cash flows are connected. We'll take you through two months in the life of a company as it's recorded in the financial statements. If you've watched all the videos in the series, you'll recognize all the terms and realize how far you've come in your understanding of financial statements.
http://www.stratpad.com/financial-statements-made-easy-video-course/how-the-three-financial-statements-fit-together/
Video Transcript
Nicely done! You've made it to the last video. And, by the way, don't be put off by the busy-ness of this screen. You know all this stuff here: income statement, statement of cash flows, the balance sheet. What I'm going to do now is a very fast rattle through of all three of these, just to cover off all the work that you already know.
Alright are you ready? Let's get going. Oh one thing -- by the way -- you'll see negative numbers don't have a dash in front of them; they're represented with brackets around them. Ok, ready go.
This is for January for Acme Web Design. The income statement starts off with sales of $5,000 and a corresponding costs of goods sold of $1,000. We know to subtract the $1,000 from the $5,000 to get to $4,000. Then we have a bunch of expenses: general and and administrative $6,000 -- that's your rent, telecommunications costs, administrative costs, that type of thing; no research and development costs; we have sales and marketing -- there was salary in there and a small campaign. Add all those up to get to $9,000.
Then subtract $9,000 from $4,000 to get to ($5,000). That's our fancily named subtotal: earnings before interest, taxes, depreciation and amortization or called EBITDA. We didn't have no interest -- we didn't pay anything to the bank — and therefore our net income is a ($5,000) loss. That means we didn't make any money here.
That ($5,000) goes over to the top of the statement of cash flows. The $5,000 worth of sales wasn't paid to us. Half of it instead went to accounts receivable ($2,500). When that happens it decreases the amount of cash available, therefore a negative number. But you can also see that it increases the accounts receivable showing on the balance sheet $2,500. But then, we didn't pay some of the costs this month. That increased our accounts payable $1,000 and also increased the amount of cash that we have on hand. There's our accounts payable down here $1,000.
So total cash from operations is ($6,500). We didn't buy any equipment, we didn't take out a loan, but the founder did put in $25,000 against common stock. Therefore, the total cash proceeds coming into the company this month is $18,500. That's the total of this ($6,500) and this zero and this $25,000. Cash at the start of the period was zero. Therefore, cash at the end of the period was $18,500 and this starts off our balance sheet right here.
We know what the accounts receivable is $2,500, therefore total current assets is $21,000. No equipment. There's the accounts payable $1,000. Total current liabilities of $1,000. No long-term liabilities. Total overall liabilities of $1,000.
There's the common stock $25,000 sliding in here. Retained earnings is, as you know, the total of all the profits and losses since the company began. If you look down, you see a total of liabilities and equity of $21,000 which balances with the total assets of $21,000. Our balance sheet balances -- whew.
We're almost there. I just want to show you one more thing.
Ok, so what I've done here is added in another month. We're going to go through the month of February and we're going to do it very quickly.
Alright, sales of $7,000 is up from the previous month. Corresponding 20 per cent of cost of goods sold $1,400 leaves a total gross profit of $5,600. Expenses hasn't changed, still $9,000 worth of expenses. $5,600 of gross profit minus the $9,000 of expenses equals the EBITDA of ($3,400). So we're still losing money but not as badly, which is exactly what you want to see in a new company.
We did pay the bank $100 worth of interest and I'll show you why in just a minute. ($3,400) minus $100 is equal to ($3,500) the loss for the month. And that starts off our statement of cash flows at the top ($3,500).
Ok, here's a little trickiness. The $2,500 in accounts receivable last month got paid to us this month but we also then took half. This sales then went back into accounts receivable. The difference between the $2,500 from last month and the $3,500 from this month is $1,000. So accounts receivable went up by $1,000 as you can see here, which just reduces our cash.
The rest of the video transcript can be found here:
http://www.stratpad.com/financial-statements-made-easy-video-course/how-the-three-financial-statements-fit-together/
wn.com/How The Three Financial Statements Fit Together
Brought to you by StratPad: Simple Business Plan App.
Try it free at http://www.stratpad.com
This video completes our course on financial statements by showing you how the income statement, balance sheet and statement of cash flows are connected. We'll take you through two months in the life of a company as it's recorded in the financial statements. If you've watched all the videos in the series, you'll recognize all the terms and realize how far you've come in your understanding of financial statements.
http://www.stratpad.com/financial-statements-made-easy-video-course/how-the-three-financial-statements-fit-together/
Video Transcript
Nicely done! You've made it to the last video. And, by the way, don't be put off by the busy-ness of this screen. You know all this stuff here: income statement, statement of cash flows, the balance sheet. What I'm going to do now is a very fast rattle through of all three of these, just to cover off all the work that you already know.
Alright are you ready? Let's get going. Oh one thing -- by the way -- you'll see negative numbers don't have a dash in front of them; they're represented with brackets around them. Ok, ready go.
This is for January for Acme Web Design. The income statement starts off with sales of $5,000 and a corresponding costs of goods sold of $1,000. We know to subtract the $1,000 from the $5,000 to get to $4,000. Then we have a bunch of expenses: general and and administrative $6,000 -- that's your rent, telecommunications costs, administrative costs, that type of thing; no research and development costs; we have sales and marketing -- there was salary in there and a small campaign. Add all those up to get to $9,000.
Then subtract $9,000 from $4,000 to get to ($5,000). That's our fancily named subtotal: earnings before interest, taxes, depreciation and amortization or called EBITDA. We didn't have no interest -- we didn't pay anything to the bank — and therefore our net income is a ($5,000) loss. That means we didn't make any money here.
That ($5,000) goes over to the top of the statement of cash flows. The $5,000 worth of sales wasn't paid to us. Half of it instead went to accounts receivable ($2,500). When that happens it decreases the amount of cash available, therefore a negative number. But you can also see that it increases the accounts receivable showing on the balance sheet $2,500. But then, we didn't pay some of the costs this month. That increased our accounts payable $1,000 and also increased the amount of cash that we have on hand. There's our accounts payable down here $1,000.
So total cash from operations is ($6,500). We didn't buy any equipment, we didn't take out a loan, but the founder did put in $25,000 against common stock. Therefore, the total cash proceeds coming into the company this month is $18,500. That's the total of this ($6,500) and this zero and this $25,000. Cash at the start of the period was zero. Therefore, cash at the end of the period was $18,500 and this starts off our balance sheet right here.
We know what the accounts receivable is $2,500, therefore total current assets is $21,000. No equipment. There's the accounts payable $1,000. Total current liabilities of $1,000. No long-term liabilities. Total overall liabilities of $1,000.
There's the common stock $25,000 sliding in here. Retained earnings is, as you know, the total of all the profits and losses since the company began. If you look down, you see a total of liabilities and equity of $21,000 which balances with the total assets of $21,000. Our balance sheet balances -- whew.
We're almost there. I just want to show you one more thing.
Ok, so what I've done here is added in another month. We're going to go through the month of February and we're going to do it very quickly.
Alright, sales of $7,000 is up from the previous month. Corresponding 20 per cent of cost of goods sold $1,400 leaves a total gross profit of $5,600. Expenses hasn't changed, still $9,000 worth of expenses. $5,600 of gross profit minus the $9,000 of expenses equals the EBITDA of ($3,400). So we're still losing money but not as badly, which is exactly what you want to see in a new company.
We did pay the bank $100 worth of interest and I'll show you why in just a minute. ($3,400) minus $100 is equal to ($3,500) the loss for the month. And that starts off our statement of cash flows at the top ($3,500).
Ok, here's a little trickiness. The $2,500 in accounts receivable last month got paid to us this month but we also then took half. This sales then went back into accounts receivable. The difference between the $2,500 from last month and the $3,500 from this month is $1,000. So accounts receivable went up by $1,000 as you can see here, which just reduces our cash.
The rest of the video transcript can be found here:
http://www.stratpad.com/financial-statements-made-easy-video-course/how-the-three-financial-statements-fit-together/
- published: 09 Jun 2013
- views: 44749
Financial Statements - Lecture 7 - The Statement of Financial Position - IFRS
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'Pop Dance' - Bensound
www.bensound.com
License: CC Attribution 3.0...
MUSIC
'Rumble' - Bensound
www.bensound.com
License: CC Attribution 3.0
'Pop Dance' - Bensound
www.bensound.com
License: CC Attribution 3.0
wn.com/Financial Statements Lecture 7 The Statement Of Financial Position Ifrs
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'Rumble' - Bensound
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License: CC Attribution 3.0
- published: 05 Sep 2014
- views: 11945
Learn Accounting in 1 HOUR Final Lesson: Preparing Financial Statements
In our last lesson, we will learn how to prepare and present the income statement, the statement of changes in equity, and the balance sheet....
In our last lesson, we will learn how to prepare and present the income statement, the statement of changes in equity, and the balance sheet.
wn.com/Learn Accounting In 1 Hour Final Lesson Preparing Financial Statements
In our last lesson, we will learn how to prepare and present the income statement, the statement of changes in equity, and the balance sheet.
- published: 28 Jun 2014
- views: 17351
What are Financial Statements and the Types of Financial Statements (FA Tutorial #5)
This tutorial should provide you with an elementary understanding of the Income Statement, Retained Earnings Statement, Balance Sheet and Cash Flow Statement.
...
This tutorial should provide you with an elementary understanding of the Income Statement, Retained Earnings Statement, Balance Sheet and Cash Flow Statement.
Examples are included like always and if you have any questions feel free to post below in the comment section :)
** NotePirate is privately owned and exclusive to NotePirate.com**
Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl
Follow us on Twitter: http://twitter.com/notepirate
wn.com/What Are Financial Statements And The Types Of Financial Statements (Fa Tutorial 5)
This tutorial should provide you with an elementary understanding of the Income Statement, Retained Earnings Statement, Balance Sheet and Cash Flow Statement.
Examples are included like always and if you have any questions feel free to post below in the comment section :)
** NotePirate is privately owned and exclusive to NotePirate.com**
Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl
Follow us on Twitter: http://twitter.com/notepirate
- published: 10 Dec 2013
- views: 8355
Projecting the 3 Financial Statements: The Balance Sheet
In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Defer...
In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The Rough Answer to Projecting Balance Sheet Line Items
5:43: Rules of Thumb for Specific Line Items
9:36: Example for Atlassian – Checking Your Work
14:38: How to Handle “Random” Line Items
16:30: Recap and Summary
The Rough Answer to Projecting Balance Sheet Line Items
The rough answer is: “Stop worrying about what each individual item should be linked to, and instead worry about the OVERALL change in working capital as a % of the change in revenue.”
This question represents a case of overlooking the forest for the trees – yes, how you link individual items can make a difference, but it does NOT make a bigger difference than the overall change in working capital.
Remember that all that Balance Sheet items such as Accounts Receivable, Prepaid Expenses, Inventory, and Deferred Revenue really impact is the company’s cash flow – does it spend cash as it grows, or does it earn more cash as a result of growth?
If you understand that bigger picture item, you’ll be well on your way to “getting” this concept.
Rules of Thumb for Specific Line Items
Accounts Receivable: Link it to revenue.
Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
Example for Atlassian – Checking Your Work
For Atlassian, we check all the numbers by calculating the historical Change in Working Capital and then comparing the Change in WC as a % of the Change in Revenue to the future numbers there.
Historically, the average Change in WC as a % of the Change in Revenue was around 23%, and going forward it is set to approximately 10-20%, so we feel it is a reasonable estimate.
If we had linked to an incorrect line item instead, such as linking
Trade Payables to Revenue rather than OpEx, it would be fairly noticeable since the Change in WC would not follow a clean trend.
How to Handle “Random” Line Items
For “random items,” such as Maintenance Provisions on a company’s Balance Sheet, you can always try to match them with the relevant Income Statement line items. That works in this example for EasyJet.
If that doesn’t work, you could just set these items to a % of revenue instead and simplify the whole process.
You can check your work with the same method: calculate the
Change in WC as a % of the Change in Revenue and verify that it follows a relatively clean trend line over time.
Recap and Summary
Whenever you build 3-statement projections, always start with the
END GOAL – measuring the cash flow impact – in mind.
Accounts Receivable and Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
To check your work, determine if the company spends in advance of its growth (the Change in WC as a % of the Change in Revenue will be negative), or whether it gets extra money as a result of its growth (the Change in WC as a % of the Change in Revenue will be positive).
wn.com/Projecting The 3 Financial Statements The Balance Sheet
In this tutorial, you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable, Prepaid Expenses, and Deferred Revenue should be linked to.
You’ll also see an example of how to check your work, how to tell when you’ve linked something incorrectly, and what to do with more “random” line items.
Table of Contents:
2:23: The Rough Answer to Projecting Balance Sheet Line Items
5:43: Rules of Thumb for Specific Line Items
9:36: Example for Atlassian – Checking Your Work
14:38: How to Handle “Random” Line Items
16:30: Recap and Summary
The Rough Answer to Projecting Balance Sheet Line Items
The rough answer is: “Stop worrying about what each individual item should be linked to, and instead worry about the OVERALL change in working capital as a % of the change in revenue.”
This question represents a case of overlooking the forest for the trees – yes, how you link individual items can make a difference, but it does NOT make a bigger difference than the overall change in working capital.
Remember that all that Balance Sheet items such as Accounts Receivable, Prepaid Expenses, Inventory, and Deferred Revenue really impact is the company’s cash flow – does it spend cash as it grows, or does it earn more cash as a result of growth?
If you understand that bigger picture item, you’ll be well on your way to “getting” this concept.
Rules of Thumb for Specific Line Items
Accounts Receivable: Link it to revenue.
Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
Example for Atlassian – Checking Your Work
For Atlassian, we check all the numbers by calculating the historical Change in Working Capital and then comparing the Change in WC as a % of the Change in Revenue to the future numbers there.
Historically, the average Change in WC as a % of the Change in Revenue was around 23%, and going forward it is set to approximately 10-20%, so we feel it is a reasonable estimate.
If we had linked to an incorrect line item instead, such as linking
Trade Payables to Revenue rather than OpEx, it would be fairly noticeable since the Change in WC would not follow a clean trend.
How to Handle “Random” Line Items
For “random items,” such as Maintenance Provisions on a company’s Balance Sheet, you can always try to match them with the relevant Income Statement line items. That works in this example for EasyJet.
If that doesn’t work, you could just set these items to a % of revenue instead and simplify the whole process.
You can check your work with the same method: calculate the
Change in WC as a % of the Change in Revenue and verify that it follows a relatively clean trend line over time.
Recap and Summary
Whenever you build 3-statement projections, always start with the
END GOAL – measuring the cash flow impact – in mind.
Accounts Receivable and Deferred Revenue: Link it to revenue.
Inventory: Link it to COGS.
Accounts Payable, Accrued Expenses, and Prepaid Expenses: Link these to COGS, or OpEx, or both, depending on the company.
“Other” Assets or Liabilities: Hold these constant or link them to revenue.
“Random” Items: Find a matching Income Statement item and link them there, or make them a percentage of revenue.
To check your work, determine if the company spends in advance of its growth (the Change in WC as a % of the Change in Revenue will be negative), or whether it gets extra money as a result of its growth (the Change in WC as a % of the Change in Revenue will be positive).
- published: 26 May 2015
- views: 6124
Accounting 1: Program #4 - "Intro to Financial Statements"
Accounting 1
Program #4
Chapter 1
"Intro to Financial Statements"
dkrug@jccc.edu...
Accounting 1
Program #4
Chapter 1
"Intro to Financial Statements"
dkrug@jccc.edu
wn.com/Accounting 1 Program 4 Intro To Financial Statements
Accounting 1
Program #4
Chapter 1
"Intro to Financial Statements"
dkrug@jccc.edu
- published: 31 Aug 2011
- views: 135114
The ABCs of Stock Valuation (2/3) - Reading Financial Statements
Download TradeHero App: http://tradehero.mobi/download
Curriculum contributed by: http://synapsetrading.com/
Introducing the TradeHero Academy with over 45 vid...
Download TradeHero App: http://tradehero.mobi/download
Curriculum contributed by: http://synapsetrading.com/
Introducing the TradeHero Academy with over 45 videos to learn stock trading from. The TradeHero Academy will contain 3 main series divided into 5 categories:
1. Basics of Trading & Investing: http://youtu.be/ehyM9gWy6V0
1.1 Market Basics: http://youtu.be/aZbHR2_K55g
1.2 Stock Market Basics: http://youtu.be/CN1dh6w54B8
1.3 Other Financial Products - Coming Soon!
ONLY AVAILABLE IN THE TRADEHERO APP!
2. Riding the Big Market Cycles
2.1 Business & Market cycles: :http://youtu.be/jKy5CioBFFM
2.2 What moves the markets?:http://youtu.be/4EqEdMvYaCc
2.3 Economic Indicators-Coming Soon!
3. The ABCs of Stock Valuation
3.1 Finding Value in Stocks: http://youtu.be/4v5_NsX8QvY
3.2 Reading Financial Statements: http://youtu.be/v8D-_BI77UI
3.3 Financial Ratio Shortcuts-Coming Soon!
4. Behavioural Analysis & Market Timing
4.1 Basics of market timing-Coming Soon!
4.2 Trend & Moving averages-Coming Soon!
4.3 Price & volume-Coming Soon!
5. Making Your First Trade
5.1 Capital allocation-Coming Soon!
5.2 Position-sizing strategies-Coming Soon!
5.3 Placing a trade-Coming Soon!
DOWNLOAD THE TRADEHERO APP TO BE ABLE TO VIEW ALL THE VIDEOS! http://tradehero.mobi/download
wn.com/The Abcs Of Stock Valuation (2 3) Reading Financial Statements
Download TradeHero App: http://tradehero.mobi/download
Curriculum contributed by: http://synapsetrading.com/
Introducing the TradeHero Academy with over 45 videos to learn stock trading from. The TradeHero Academy will contain 3 main series divided into 5 categories:
1. Basics of Trading & Investing: http://youtu.be/ehyM9gWy6V0
1.1 Market Basics: http://youtu.be/aZbHR2_K55g
1.2 Stock Market Basics: http://youtu.be/CN1dh6w54B8
1.3 Other Financial Products - Coming Soon!
ONLY AVAILABLE IN THE TRADEHERO APP!
2. Riding the Big Market Cycles
2.1 Business & Market cycles: :http://youtu.be/jKy5CioBFFM
2.2 What moves the markets?:http://youtu.be/4EqEdMvYaCc
2.3 Economic Indicators-Coming Soon!
3. The ABCs of Stock Valuation
3.1 Finding Value in Stocks: http://youtu.be/4v5_NsX8QvY
3.2 Reading Financial Statements: http://youtu.be/v8D-_BI77UI
3.3 Financial Ratio Shortcuts-Coming Soon!
4. Behavioural Analysis & Market Timing
4.1 Basics of market timing-Coming Soon!
4.2 Trend & Moving averages-Coming Soon!
4.3 Price & volume-Coming Soon!
5. Making Your First Trade
5.1 Capital allocation-Coming Soon!
5.2 Position-sizing strategies-Coming Soon!
5.3 Placing a trade-Coming Soon!
DOWNLOAD THE TRADEHERO APP TO BE ABLE TO VIEW ALL THE VIDEOS! http://tradehero.mobi/download
- published: 25 Nov 2014
- views: 7346
Introduction to Financial Statements
MUSIC
'Jazzy Frenchy' - Bensound
www.bensound.com
License: CC Attribution 3.0
'Pop Dance' - Bensound
www.bensound.com
License: CC Attribution 3.0...
MUSIC
'Jazzy Frenchy' - Bensound
www.bensound.com
License: CC Attribution 3.0
'Pop Dance' - Bensound
www.bensound.com
License: CC Attribution 3.0
wn.com/Introduction To Financial Statements
MUSIC
'Jazzy Frenchy' - Bensound
www.bensound.com
License: CC Attribution 3.0
'Pop Dance' - Bensound
www.bensound.com
License: CC Attribution 3.0
- published: 15 Aug 2014
- views: 5812
FINANCIAL STATEMENTS (PART 1) PROFIT & LOSS ACCOUNT AND BALANCE SHEET)
THIS VIDEO EXPLAINS CLOSING ENTRIES FROM TRIAL BALANCE. ALSO EXPLAINED IS THE PREPARATION OF TRADING & PROFIT AND LOSS A/C AND BALANCE SHEET (WITHOUT ADJUSTME...
THIS VIDEO EXPLAINS CLOSING ENTRIES FROM TRIAL BALANCE. ALSO EXPLAINED IS THE PREPARATION OF TRADING & PROFIT AND LOSS A/C AND BALANCE SHEET (WITHOUT ADJUSTMENTS). IN LAST OPENING ENTRIES HAVE ALSO BEEN EXPLAINED.
wn.com/Financial Statements (Part 1) Profit Loss Account And Balance Sheet)
THIS VIDEO EXPLAINS CLOSING ENTRIES FROM TRIAL BALANCE. ALSO EXPLAINED IS THE PREPARATION OF TRADING & PROFIT AND LOSS A/C AND BALANCE SHEET (WITHOUT ADJUSTMENTS). IN LAST OPENING ENTRIES HAVE ALSO BEEN EXPLAINED.
- published: 03 Mar 2013
- views: 89498
Accounting Equation and Basic FInancial Statements Lecture
The Accounting Equation and Basic Financial Statements Lecture...
The Accounting Equation and Basic Financial Statements Lecture
wn.com/Accounting Equation And Basic Financial Statements Lecture
The Accounting Equation and Basic Financial Statements Lecture
- published: 08 Jul 2012
- views: 10455
FINANCIAL STATEMENTS (WITH ADJUSTMENTS) PROFIT & LOSS ACCOUNT AND BALANCE SHEET
THIS VIDEO EXPLAINS PREPARATION OF PROFIT & LOSS A/C AND BALANCE SHEET WHEN ADJUSTMENTS OUTSIDE THE TRIAL BALANCE ARE GIVEN....
THIS VIDEO EXPLAINS PREPARATION OF PROFIT & LOSS A/C AND BALANCE SHEET WHEN ADJUSTMENTS OUTSIDE THE TRIAL BALANCE ARE GIVEN.
wn.com/Financial Statements (With Adjustments) Profit Loss Account And Balance Sheet
THIS VIDEO EXPLAINS PREPARATION OF PROFIT & LOSS A/C AND BALANCE SHEET WHEN ADJUSTMENTS OUTSIDE THE TRIAL BALANCE ARE GIVEN.
- published: 21 Apr 2013
- views: 28071
How to Read Financial Statements - Painless, Light, Quick and Simple
NO NUMBERS!
Adult learner-friendly, surprisingly clear. It's the basics for people who need the real basics.
This quick simple bit is part of a simplified seri...
NO NUMBERS!
Adult learner-friendly, surprisingly clear. It's the basics for people who need the real basics.
This quick simple bit is part of a simplified series of introductory finance tutorials:
How to Read Financial Statements (11 min)
Financial Forecasting (11 min)
Cash Flow Forecasting (12 min)
Bookkeeping (10 min)
Financial Analysis (11 min)
... for you, for your family, for your business, at www.businessbuffet.com.
(How else are we supposed to understand this stuff?)
Among other things, building a successful business is about managing money. Financial statements provide information not always visible on the surface. To learn more, easily and simply, get the complete program ($99). You can order here; http://www.businessbuffet.com/order.html .
This program demonstrates the relationship between balance sheet and income statement in a unique way that promotes USING them as well as READING them. (balance sheet, income statement.) http://www.businessbuffet.com/order.html
wn.com/How To Read Financial Statements Painless, Light, Quick And Simple
NO NUMBERS!
Adult learner-friendly, surprisingly clear. It's the basics for people who need the real basics.
This quick simple bit is part of a simplified series of introductory finance tutorials:
How to Read Financial Statements (11 min)
Financial Forecasting (11 min)
Cash Flow Forecasting (12 min)
Bookkeeping (10 min)
Financial Analysis (11 min)
... for you, for your family, for your business, at www.businessbuffet.com.
(How else are we supposed to understand this stuff?)
Among other things, building a successful business is about managing money. Financial statements provide information not always visible on the surface. To learn more, easily and simply, get the complete program ($99). You can order here; http://www.businessbuffet.com/order.html .
This program demonstrates the relationship between balance sheet and income statement in a unique way that promotes USING them as well as READING them. (balance sheet, income statement.) http://www.businessbuffet.com/order.html
- published: 20 Apr 2013
- views: 14430
Preparing the Financial Statements (Financial Accounting Tutorial #25)
This financial accounting tutorial explores how the adjusted trial balance is used to complete the 3 main financial statements: the Income Statement, the Balanc...
This financial accounting tutorial explores how the adjusted trial balance is used to complete the 3 main financial statements: the Income Statement, the Balance Sheet, and the Retained Earnings Statement. We examine how to construct these basic finance tools, explain why you construct each statement in a specific order, and examine effects on accounts like equity.
Feel free to skip over parts. It's a pretty simple tutorial where I mainly transfer account balances.
We appreciate all of the support you've given us. Be a part of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!
** Notepirate is privately owned and exclusive to Notepirate.com. **
Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl
Follow us on Twitter: http://twitter.com/notepirate
wn.com/Preparing The Financial Statements (Financial Accounting Tutorial 25)
This financial accounting tutorial explores how the adjusted trial balance is used to complete the 3 main financial statements: the Income Statement, the Balance Sheet, and the Retained Earnings Statement. We examine how to construct these basic finance tools, explain why you construct each statement in a specific order, and examine effects on accounts like equity.
Feel free to skip over parts. It's a pretty simple tutorial where I mainly transfer account balances.
We appreciate all of the support you've given us. Be a part of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites!
** Notepirate is privately owned and exclusive to Notepirate.com. **
Website: http://www.notepirate.com
Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001?ref=hl
Follow us on Twitter: http://twitter.com/notepirate
- published: 19 Dec 2013
- views: 11226
Financial Statements - An Introduction
Basic overview of the four financial statements required by GAAP....
Basic overview of the four financial statements required by GAAP.
wn.com/Financial Statements An Introduction
Basic overview of the four financial statements required by GAAP.
- published: 01 Oct 2011
- views: 21076
How to Prepare Financial Statements
How to Prepare Financial Statements for Your Business or Corporation- A Practical Guide. For a transcript of this video, and to download the slides and spreadsh...
How to Prepare Financial Statements for Your Business or Corporation- A Practical Guide. For a transcript of this video, and to download the slides and spreadsheet, see http://madanca.com/blog/how-to-prepare-financial-statements/#more-2068
Follow us on Twitter - https://twitter.com/Madan_CA
Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant
Add us on Google Plus- https://plus.google.com/u/1/108551869453511666601/posts
Please download our free eBook “20 Free Tax Secrets for Canadians” http://www.smashwords.com/books/view/490114
You can also download it from Amazon for just 99 cents. All profits from your purchase will go to charity! http://www.amazon.com/dp/B00P8D24S0
Table Of Contents
00:39 -- Getting Organized
01:20 -- Prepare Expenses Spreadsheet
03:24 -- Special Accounts
05:30 -- Calculate Tax Depreciation
06:41 -- Income statement
07:44 -- Balance Sheet
Disclaimer:
The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
wn.com/How To Prepare Financial Statements
How to Prepare Financial Statements for Your Business or Corporation- A Practical Guide. For a transcript of this video, and to download the slides and spreadsheet, see http://madanca.com/blog/how-to-prepare-financial-statements/#more-2068
Follow us on Twitter - https://twitter.com/Madan_CA
Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant
Add us on Google Plus- https://plus.google.com/u/1/108551869453511666601/posts
Please download our free eBook “20 Free Tax Secrets for Canadians” http://www.smashwords.com/books/view/490114
You can also download it from Amazon for just 99 cents. All profits from your purchase will go to charity! http://www.amazon.com/dp/B00P8D24S0
Table Of Contents
00:39 -- Getting Organized
01:20 -- Prepare Expenses Spreadsheet
03:24 -- Special Accounts
05:30 -- Calculate Tax Depreciation
06:41 -- Income statement
07:44 -- Balance Sheet
Disclaimer:
The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
- published: 12 Sep 2013
- views: 11300
-
Business Analysis Valuation Using Financial Statements No Cases
-
Business Analysis and Valuation Using Financial Statements Text and Cases with Thomson Analytics Pri
-
Accelerate Accounting Group - About Us
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are a pro-active and innovative accounting and business advisory firm based in Balcatta in Perth that specialises in helping business owners succeed.
To find more information or contact us visit us at
http://www.accelerateaccountinggroup.com.a
-
8. CFA Level 1 Financial Reporting and Analysis Reading 24 LO4
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial Reporting Standards
Learning Object
-
6. CFA Level 1 Financial Reporting and Analysis Reading 24 LO1 and LO2 Part 1
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial Reporting Standards
Learning Object
-
Connecting the three financial statements
Watch the next finance lesson: https://bluebookacademy.com/courses
-
Notes menu options in the financial statements
The notes menu is located above the first note in the Jazzit financial statements. A number of note related options are available there. This includes:
Period end date wording options
Various note and policy heading options
Note dividers
Note reference formatting options
Browse display options
Links to statements in other CaseWare files (external entities – for example consolidations)
-
10 1 Consolidated financial statements introduction
-
Accelerate Accounting Group
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are a pro-active and innovative accounting and business advisory firm based in Balcatta in Perth that specialises in helping business owners succeed.
-
FINC 5713 Lecture 3 Part 2
Proforma Financial Statements
-
5. CFA Level 1 Financial Reporting and Analysis Reading 23 LO4 to LO8
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial reporting Mechanics
Learning Objec
-
Financial Reporting
In this overview of the Financial Reporting coursework, Dean Raedy explains why financial reporting, and the preparation of financial statements, sits at the core of the accounting process.
-
Mike Weddington Financial Statements
Financial statements are a summary of what you do all month long.
For More Information visit us: www.mikeweddingtoncg.com
-
Union Function for Efficient Financial Statement Analysis
Shows how to use a user defined function to make putting together financial statements much easier.
-
CAS2-01 OB 05-06 Financial Statements and GAAP
This video screencast was created with Doceri on an iPad. Doceri is free in the iTunes app store. Learn more at http://www.doceri.com
-
Accounts of Company - Part 7 a | Section 136
Corporate and Allied Laws- CA:
Accounts of company | Section 136
Section 136
Circulation of financial statements and other documents to members and others
- Documents to be circulated
- Persons entitled to receive
- Time limit
- Circulation in case of a listed company. Deemed to be compiled if:
Documents available at registered office
Statement with salient features is circ
-
Interrelationships of Financial Statements
-
Venditto's long awaited SRB explainantion
If all we've been hearing from Supervisor Venditto for the last 6 months is, " The SRB loan guarantee's are null and void", to the tune of a one million dollar outside counsel fee, at tax payer expense, why is he so afraid to terminate the contracts with SRB and move on?
Why is he reaching with this "assignment" deal?
Why would he give the new and so far unknown group of investors an exclusive ve
-
Accounts of Company (part 8) | Section 137
Corporate and Allied Laws- CA:
Accounts of Company (part 8) | Section 137
Section 137
- Filling Financial Statements and other documents with ROC
- Documents to be filled within 30 days of AGM
Rule 12
Companies (Accounts) Rule 2014
Video by Edupedia World (www.edupediaworld.com), Free Online Education;
Click here https://www.youtube.com/playlist?list=PLJumA3phskPH5YoBcfqxge34jimmM72XO for more v
-
FAC4861/3: Presentation of Financial Statements Tutorial
Presented by Fungai Makoni CA (SA)
-
Learn to read financial statements free online course - corporate finance institute
In this 2-part course, we use Microsoft's 2010 financial statements and annual report to understand the financial strength of a company and help us to make informed decisions.
Module 1
In this first module, we use the balance sheet and the related notes to Microsoft's 2010 financial statements to understand the financial strength of a company and help us make informed decisions. By the end of th
-
Learn Accounting Fundamentals - Free Online Course - Corporate Finance Institute
This 2-part series will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement; and demonstrate how to prepare financial statements from scratch.
Part 1
In this first module, we explore the layout of the balance sheet and income statement, explore how transactions are recorded, and prepare a simple balance sheet and income
-
Market Watchers Have Come to Rely on the Opinions of Brokerage Firm Analysts (2001)
Writing reports or notes expressing opinions is always a part of "sell-side" (brokerage) analyst job and is often not required for "buy-side" (investment firms) analysts. Traditionally, analysts use fundamental analysis principles but technical chart analysis and tactical evaluation of the market environment are also routine. Often at the end of the assessment of analyzed securities, an analyst wo
Accelerate Accounting Group - About Us
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are ...
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are a pro-active and innovative accounting and business advisory firm based in Balcatta in Perth that specialises in helping business owners succeed.
To find more information or contact us visit us at
http://www.accelerateaccountinggroup.com.au/
wn.com/Accelerate Accounting Group About US
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are a pro-active and innovative accounting and business advisory firm based in Balcatta in Perth that specialises in helping business owners succeed.
To find more information or contact us visit us at
http://www.accelerateaccountinggroup.com.au/
- published: 05 Feb 2016
- views: 1
8. CFA Level 1 Financial Reporting and Analysis Reading 24 LO4
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM...
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial Reporting Standards
Learning Objectives:
4. Describe the International Accounting Standards Board's conceptual framework, including the objective and qualitative characteristics of financial statements, required reporting elements, and constraints and assumptions in preparing financial statements
wn.com/8. Cfa Level 1 Financial Reporting And Analysis Reading 24 Lo4
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial Reporting Standards
Learning Objectives:
4. Describe the International Accounting Standards Board's conceptual framework, including the objective and qualitative characteristics of financial statements, required reporting elements, and constraints and assumptions in preparing financial statements
- published: 04 Feb 2016
- views: 20
6. CFA Level 1 Financial Reporting and Analysis Reading 24 LO1 and LO2 Part 1
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM...
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial Reporting Standards
Learning Objectives:
1. Describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation
2. Describe roles and desirable attributes of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions
wn.com/6. Cfa Level 1 Financial Reporting And Analysis Reading 24 Lo1 And Lo2 Part 1
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial Reporting Standards
Learning Objectives:
1. Describe the objective of financial statements and the importance of financial reporting standards in security analysis and valuation
2. Describe roles and desirable attributes of financial reporting standard-setting bodies and regulatory authorities in establishing and enforcing reporting standards, and describe the role of the International Organization of Securities Commissions
- published: 04 Feb 2016
- views: 16
Connecting the three financial statements
Watch the next finance lesson: https://bluebookacademy.com/courses...
Watch the next finance lesson: https://bluebookacademy.com/courses
wn.com/Connecting The Three Financial Statements
Watch the next finance lesson: https://bluebookacademy.com/courses
- published: 04 Feb 2016
- views: 0
Notes menu options in the financial statements
The notes menu is located above the first note in the Jazzit financial statements. A number of note related options are available there. This includes:
Period ...
The notes menu is located above the first note in the Jazzit financial statements. A number of note related options are available there. This includes:
Period end date wording options
Various note and policy heading options
Note dividers
Note reference formatting options
Browse display options
Links to statements in other CaseWare files (external entities – for example consolidations)
wn.com/Notes Menu Options In The Financial Statements
The notes menu is located above the first note in the Jazzit financial statements. A number of note related options are available there. This includes:
Period end date wording options
Various note and policy heading options
Note dividers
Note reference formatting options
Browse display options
Links to statements in other CaseWare files (external entities – for example consolidations)
- published: 04 Feb 2016
- views: 22
Accelerate Accounting Group
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are ...
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are a pro-active and innovative accounting and business advisory firm based in Balcatta in Perth that specialises in helping business owners succeed.
wn.com/Accelerate Accounting Group
If you're a business owner looking for more than just financial statements and tax returns from your accountant, welcome to Accelerate Accounting Group. We are a pro-active and innovative accounting and business advisory firm based in Balcatta in Perth that specialises in helping business owners succeed.
- published: 04 Feb 2016
- views: 6
FINC 5713 Lecture 3 Part 2
Proforma Financial Statements...
Proforma Financial Statements
wn.com/Finc 5713 Lecture 3 Part 2
Proforma Financial Statements
- published: 03 Feb 2016
- views: 1
5. CFA Level 1 Financial Reporting and Analysis Reading 23 LO4 to LO8
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM...
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial reporting Mechanics
Learning Objectives:
4. Describe the process of recording business transactions using an accounting system based on the accounting equation
5. Describe the need for accruals and valuation adjustments in preparing financial statements
6. Describe the relationship among the income statement, balance sheet, statement of cash flows, and statement of owner’s equity
7. Describe the flow of information in an accounting system
8. Describe the use of the results of the accounting process in security analysis
wn.com/5. Cfa Level 1 Financial Reporting And Analysis Reading 23 Lo4 To Lo8
Microeconomics
https://www.youtube.com/watch?v=wD_fVYjF-8E&list;=PLM9WI-4yn8BIkIVB9yfFcTVKT3uO_d3hZ
Fixed Income:
https://www.youtube.com/watch?v=nLWtT1XlHSM&list;=PLM9WI-4yn8BI0Jy0CH0SQw9ZMiYTWBz0c
Quantitative Methods:
https://www.youtube.com/watch?v=BUzBMtfxfqI&list;=PLM9WI-4yn8BIYIUfgssEaLXUpUiOtZSD_
CFA Level 1
Financial Reporting and Analysis
Financial reporting Mechanics
Learning Objectives:
4. Describe the process of recording business transactions using an accounting system based on the accounting equation
5. Describe the need for accruals and valuation adjustments in preparing financial statements
6. Describe the relationship among the income statement, balance sheet, statement of cash flows, and statement of owner’s equity
7. Describe the flow of information in an accounting system
8. Describe the use of the results of the accounting process in security analysis
- published: 03 Feb 2016
- views: 21
Financial Reporting
In this overview of the Financial Reporting coursework, Dean Raedy explains why financial reporting, and the preparation of financial statements, sits at the co...
In this overview of the Financial Reporting coursework, Dean Raedy explains why financial reporting, and the preparation of financial statements, sits at the core of the accounting process.
wn.com/Financial Reporting
In this overview of the Financial Reporting coursework, Dean Raedy explains why financial reporting, and the preparation of financial statements, sits at the core of the accounting process.
- published: 03 Feb 2016
- views: 17
Mike Weddington Financial Statements
Financial statements are a summary of what you do all month long.
For More Information visit us: www.mikeweddingtoncg.com...
Financial statements are a summary of what you do all month long.
For More Information visit us: www.mikeweddingtoncg.com
wn.com/Mike Weddington Financial Statements
Financial statements are a summary of what you do all month long.
For More Information visit us: www.mikeweddingtoncg.com
- published: 03 Feb 2016
- views: 7
Union Function for Efficient Financial Statement Analysis
Shows how to use a user defined function to make putting together financial statements much easier....
Shows how to use a user defined function to make putting together financial statements much easier.
wn.com/Union Function For Efficient Financial Statement Analysis
Shows how to use a user defined function to make putting together financial statements much easier.
- published: 03 Feb 2016
- views: 3
CAS2-01 OB 05-06 Financial Statements and GAAP
This video screencast was created with Doceri on an iPad. Doceri is free in the iTunes app store. Learn more at http://www.doceri.com...
This video screencast was created with Doceri on an iPad. Doceri is free in the iTunes app store. Learn more at http://www.doceri.com
wn.com/Cas2 01 Ob 05 06 Financial Statements And Gaap
This video screencast was created with Doceri on an iPad. Doceri is free in the iTunes app store. Learn more at http://www.doceri.com
- published: 03 Feb 2016
- views: 30
Accounts of Company - Part 7 a | Section 136
Corporate and Allied Laws- CA:
Accounts of company | Section 136
Section 136
Circulation of financial statements and other documents to members and others
- D...
Corporate and Allied Laws- CA:
Accounts of company | Section 136
Section 136
Circulation of financial statements and other documents to members and others
- Documents to be circulated
- Persons entitled to receive
- Time limit
- Circulation in case of a listed company. Deemed to be compiled if:
Documents available at registered office
Statement with salient features is circulated
- Circulation in case of a prescribed company
- Display on the website
- Circulation of separate audited accounts at the subsidiaries
- Inspection
Video by Edupedia World (www.edupediaworld.com), Free Online Education;
Click here https://www.youtube.com/playlist?list=PLJumA3phskPH5YoBcfqxge34jimmM72XO for more videos on Corporate and Allied Laws- CA;
All Rights Reserved.
wn.com/Accounts Of Company Part 7 A | Section 136
Corporate and Allied Laws- CA:
Accounts of company | Section 136
Section 136
Circulation of financial statements and other documents to members and others
- Documents to be circulated
- Persons entitled to receive
- Time limit
- Circulation in case of a listed company. Deemed to be compiled if:
Documents available at registered office
Statement with salient features is circulated
- Circulation in case of a prescribed company
- Display on the website
- Circulation of separate audited accounts at the subsidiaries
- Inspection
Video by Edupedia World (www.edupediaworld.com), Free Online Education;
Click here https://www.youtube.com/playlist?list=PLJumA3phskPH5YoBcfqxge34jimmM72XO for more videos on Corporate and Allied Laws- CA;
All Rights Reserved.
- published: 03 Feb 2016
- views: 3
Venditto's long awaited SRB explainantion
If all we've been hearing from Supervisor Venditto for the last 6 months is, " The SRB loan guarantee's are null and void", to the tune of a one million dollar ...
If all we've been hearing from Supervisor Venditto for the last 6 months is, " The SRB loan guarantee's are null and void", to the tune of a one million dollar outside counsel fee, at tax payer expense, why is he so afraid to terminate the contracts with SRB and move on?
Why is he reaching with this "assignment" deal?
Why would he give the new and so far unknown group of investors an exclusive vetting without competition?
I think Venditto's hoping to get it all straightened out and remove the loan guarantee portions of the contract prior to finally submitting the towns "late" financial audit.
"Town officials have blamed the late 2014 audited financial statements on problems that arose when it switched to a new software system more than two years ago. The town disclosed this week that it expects to finish the audited financial statements by March 31."
So they had a two year old system but never had a "glitch" till now?
IMO Venditto's is risking the towns credit rating to remove the illegal loan guarantee's prior to submitting the "fixed" 2014 Financial Budget.
wn.com/Venditto's Long Awaited Srb Explainantion
If all we've been hearing from Supervisor Venditto for the last 6 months is, " The SRB loan guarantee's are null and void", to the tune of a one million dollar outside counsel fee, at tax payer expense, why is he so afraid to terminate the contracts with SRB and move on?
Why is he reaching with this "assignment" deal?
Why would he give the new and so far unknown group of investors an exclusive vetting without competition?
I think Venditto's hoping to get it all straightened out and remove the loan guarantee portions of the contract prior to finally submitting the towns "late" financial audit.
"Town officials have blamed the late 2014 audited financial statements on problems that arose when it switched to a new software system more than two years ago. The town disclosed this week that it expects to finish the audited financial statements by March 31."
So they had a two year old system but never had a "glitch" till now?
IMO Venditto's is risking the towns credit rating to remove the illegal loan guarantee's prior to submitting the "fixed" 2014 Financial Budget.
- published: 03 Feb 2016
- views: 48
Accounts of Company (part 8) | Section 137
Corporate and Allied Laws- CA:
Accounts of Company (part 8) | Section 137
Section 137
- Filling Financial Statements and other documents with ROC
- Documents t...
Corporate and Allied Laws- CA:
Accounts of Company (part 8) | Section 137
Section 137
- Filling Financial Statements and other documents with ROC
- Documents to be filled within 30 days of AGM
Rule 12
Companies (Accounts) Rule 2014
Video by Edupedia World (www.edupediaworld.com), Free Online Education;
Click here https://www.youtube.com/playlist?list=PLJumA3phskPH5YoBcfqxge34jimmM72XO for more videos on Corporate and Allied Laws- CA;
All Rights Reserved.
wn.com/Accounts Of Company (Part 8) | Section 137
Corporate and Allied Laws- CA:
Accounts of Company (part 8) | Section 137
Section 137
- Filling Financial Statements and other documents with ROC
- Documents to be filled within 30 days of AGM
Rule 12
Companies (Accounts) Rule 2014
Video by Edupedia World (www.edupediaworld.com), Free Online Education;
Click here https://www.youtube.com/playlist?list=PLJumA3phskPH5YoBcfqxge34jimmM72XO for more videos on Corporate and Allied Laws- CA;
All Rights Reserved.
- published: 03 Feb 2016
- views: 4
Learn to read financial statements free online course - corporate finance institute
In this 2-part course, we use Microsoft's 2010 financial statements and annual report to understand the financial strength of a company and help us to make info...
In this 2-part course, we use Microsoft's 2010 financial statements and annual report to understand the financial strength of a company and help us to make informed decisions.
Module 1
In this first module, we use the balance sheet and the related notes to Microsoft's 2010 financial statements to understand the financial strength of a company and help us make informed decisions. By the end of this module, you will have a solid understanding of the specific accounts of a typical balance sheet and related notes to the financial statements.
Navigate successfully through the notes to the financial statements.
Read and interpret the various items in a published balance sheet.
Understand complex balance sheet concepts (e.g. deferred taxes, goodwill, investments, etc.)
Module 2
In this second module, we continue exploring Microsoft’s 2010 financial statements through to the income statement and statement of cash flows, and conclude by covering the key contents of an annual report. By the end of this module, you will have a solid understanding of a typical income statement, statement of cash flows and annual report in its entirety.
Understand the different ways to present an income statements and cash flow statement.
Read and interpret the various items in a published income statement.
Identify the operating, financing, and investing activities of a company.
Determine what's contained in an annual report and where to find it.
This course is highly interactive with a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you’ve just learnt. The course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference.
wn.com/Learn To Read Financial Statements Free Online Course Corporate Finance Institute
In this 2-part course, we use Microsoft's 2010 financial statements and annual report to understand the financial strength of a company and help us to make informed decisions.
Module 1
In this first module, we use the balance sheet and the related notes to Microsoft's 2010 financial statements to understand the financial strength of a company and help us make informed decisions. By the end of this module, you will have a solid understanding of the specific accounts of a typical balance sheet and related notes to the financial statements.
Navigate successfully through the notes to the financial statements.
Read and interpret the various items in a published balance sheet.
Understand complex balance sheet concepts (e.g. deferred taxes, goodwill, investments, etc.)
Module 2
In this second module, we continue exploring Microsoft’s 2010 financial statements through to the income statement and statement of cash flows, and conclude by covering the key contents of an annual report. By the end of this module, you will have a solid understanding of a typical income statement, statement of cash flows and annual report in its entirety.
Understand the different ways to present an income statements and cash flow statement.
Read and interpret the various items in a published income statement.
Identify the operating, financing, and investing activities of a company.
Determine what's contained in an annual report and where to find it.
This course is highly interactive with a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you’ve just learnt. The course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference.
- published: 01 Feb 2016
- views: 6
Learn Accounting Fundamentals - Free Online Course - Corporate Finance Institute
This 2-part series will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement; and dem...
This 2-part series will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement; and demonstrate how to prepare financial statements from scratch.
Part 1
In this first module, we explore the layout of the balance sheet and income statement, explore how transactions are recorded, and prepare a simple balance sheet and income statement. By the end of this module, you will have a solid understanding of how to construct a balance sheet and income statement.
Explain the format of the income statement and balance sheet
Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)
Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)
Prepare a simple income statement and balance sheet
Part 2
In this second module, we explore the layout of the cash flow statement, explain the differences between the cash flow statement and the income statement, and prepare a cash flow statement from scratch. By the end of this module, you will have a solid understanding of how to construct a cash flow statement.
Outline the format of the cash flow statement
Explain the difference between profit and cash
Prepare a simple cash flow statement using the balance sheet and income statement
This course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you’ve just learnt. The course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference.
wn.com/Learn Accounting Fundamentals Free Online Course Corporate Finance Institute
This 2-part series will guide you through the accounting process. We explore the layout of the balance sheet, income statement, and cash flow statement; and demonstrate how to prepare financial statements from scratch.
Part 1
In this first module, we explore the layout of the balance sheet and income statement, explore how transactions are recorded, and prepare a simple balance sheet and income statement. By the end of this module, you will have a solid understanding of how to construct a balance sheet and income statement.
Explain the format of the income statement and balance sheet
Define various financial statement terms (e.g. accounts receivable, prepayments, etc.)
Record financial statement transactions (e.g. invoicing, raising equity, buying inventory, etc.)
Prepare a simple income statement and balance sheet
Part 2
In this second module, we explore the layout of the cash flow statement, explain the differences between the cash flow statement and the income statement, and prepare a cash flow statement from scratch. By the end of this module, you will have a solid understanding of how to construct a cash flow statement.
Outline the format of the cash flow statement
Explain the difference between profit and cash
Prepare a simple cash flow statement using the balance sheet and income statement
This course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you’ve just learnt. The course also includes two PDF reference guides – an accounting factsheet and a financial statements glossary - that can be used while taking the course and downloaded to your computer for future reference.
- published: 01 Feb 2016
- views: 6
Market Watchers Have Come to Rely on the Opinions of Brokerage Firm Analysts (2001)
Writing reports or notes expressing opinions is always a part of "sell-side" (brokerage) analyst job and is often not required for "buy-side" (investment firms)...
Writing reports or notes expressing opinions is always a part of "sell-side" (brokerage) analyst job and is often not required for "buy-side" (investment firms) analysts. Traditionally, analysts use fundamental analysis principles but technical chart analysis and tactical evaluation of the market environment are also routine. Often at the end of the assessment of analyzed securities, an analyst would provide a rating recommending an investment action, e.g. to buy, sell, or hold the security.
The analysts obtain information by studying public records and filings by the company, as well as by participating in public conference calls where they can ask direct questions to the management. Additional information can be also received in small group or one-on-one meetings with senior members of management teams. However, in many markets such information gathering became difficult and potentially illegal due to legislative changes brought upon by corporate scandals in the early 2000s. One example is Regulation FD (Fair Disclosure) in the United States. Many other developed countries also adopted similar rules.
Financial analysts are often employed by mutual and pension funds, hedge funds, securities firms, banks, investment banks, insurance companies, and other businesses, helping these companies or their clients make investment decisions. Financial analysts employed in commercial lending perform "balance sheet analysis," examining the audited financial statements and corollary data in order to assess lending risks. In a stock brokerage house or in an investment bank, they read company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates in order to determine a company's value and project future earnings. In any of these various institutions, the analyst often meets with company officials to gain a better insight into a company's prospects and to determine the company's managerial effectiveness. Usually, financial analysts study an entire industry, assessing current trends in business practices, products, and industry competition. They must keep abreast of new regulations or policies that may affect the industry, as well as monitor the economy to determine its effect on earnings.
Financial analysts use spreadsheet and statistical software packages to analyze financial data, spot trends, and develop forecasts; see Financial modeling. On the basis of their results, they write reports and make presentations, usually making recommendations to buy or sell a particular investment or security. Senior analysts may actually make the decision to buy or sell for the company or client if they are the ones responsible for managing the assets. Other analysts use the data to measure the financial risks associated with making a particular investment decision.
https://en.wikipedia.org/wiki/Financial_analyst
wn.com/Market Watchers Have Come To Rely On The Opinions Of Brokerage Firm Analysts (2001)
Writing reports or notes expressing opinions is always a part of "sell-side" (brokerage) analyst job and is often not required for "buy-side" (investment firms) analysts. Traditionally, analysts use fundamental analysis principles but technical chart analysis and tactical evaluation of the market environment are also routine. Often at the end of the assessment of analyzed securities, an analyst would provide a rating recommending an investment action, e.g. to buy, sell, or hold the security.
The analysts obtain information by studying public records and filings by the company, as well as by participating in public conference calls where they can ask direct questions to the management. Additional information can be also received in small group or one-on-one meetings with senior members of management teams. However, in many markets such information gathering became difficult and potentially illegal due to legislative changes brought upon by corporate scandals in the early 2000s. One example is Regulation FD (Fair Disclosure) in the United States. Many other developed countries also adopted similar rules.
Financial analysts are often employed by mutual and pension funds, hedge funds, securities firms, banks, investment banks, insurance companies, and other businesses, helping these companies or their clients make investment decisions. Financial analysts employed in commercial lending perform "balance sheet analysis," examining the audited financial statements and corollary data in order to assess lending risks. In a stock brokerage house or in an investment bank, they read company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates in order to determine a company's value and project future earnings. In any of these various institutions, the analyst often meets with company officials to gain a better insight into a company's prospects and to determine the company's managerial effectiveness. Usually, financial analysts study an entire industry, assessing current trends in business practices, products, and industry competition. They must keep abreast of new regulations or policies that may affect the industry, as well as monitor the economy to determine its effect on earnings.
Financial analysts use spreadsheet and statistical software packages to analyze financial data, spot trends, and develop forecasts; see Financial modeling. On the basis of their results, they write reports and make presentations, usually making recommendations to buy or sell a particular investment or security. Senior analysts may actually make the decision to buy or sell for the company or client if they are the ones responsible for managing the assets. Other analysts use the data to measure the financial risks associated with making a particular investment decision.
https://en.wikipedia.org/wiki/Financial_analyst
- published: 31 Jan 2016
- views: 6
-
Accounting 1: Program #5 - "Financial Statements"
Accounting 1: Program #5
Chapter 1
"Financial Statements"
dkrug@jccc.edu
-
Accounting 101: Integrated Financial Statements in Excel
Please visit the corresponding blog post for this problem where you can actually download the Excel file and follow along step by step! http://wp.me/p1TVs6-rn
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 Integrated Financial Statements. To make the concept mo
-
IFRS - IAS 1 - Presentation of Financial Statements
An overview of the requirements of IAS 1 - Presentation of Financial Statements along with applicability for Indian entities under Ind AS.
Courtesy: The Institute of Computer Accountants
(www.icajobguarantee.com)
-
Intro to Financial Accounting: Accounting Equation, Journal Entries, and Financial Statements
Introduction to Financial Accounting
Professor Alexander Sannella
Lecture 3
Learning Objective 3
The Accounting Equation (A=L+OE) 0:21
Equity 1:33
Contributed or Paid in Capital 2:27
Retained Earnings 7:05
(+revenues-expenses-dividends)
Owner Transactions 11:32
Revenues 12:45
Gains 13:40
Expenses vs. Losses 16:19
Dividends 17:58
Summary (Equity) 21:10
Income
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AAT Level 4 Blog Financial Statements Conceptual Framework
-
10 1 Consolidated financial statements introduction
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Analysis of Company Financial Statements
Download the Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_13_Analysis%20of%20Company%20Financial%20Statements_09May.pdf
In this live Grade 12 Accounting show we discuss the Analysis of Company Financial Statements. In this lesson we focus on ratios affecting liquidity, solvency, risk & returns as well as discuss ratio calculations & relevant comments.
Visit t
-
Company Financial Statements
Download Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_06_Company%20Financial%20Statements_07Mar.pdf
In this live Grade 12 Accouting show we take a close look at Company Financial Statements. In this lesson we examine the changes to the format of an income statement and balance sheet of a company. We recap on GAAP principles and focus on year-end adjustments
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Forecasting Financial Statements Part 2
This is a video showing how to forecast financial statements using Excel
-
How to Simplify and Consolidate the Financial Statements
In this lesson, you'll learn how to SIMPLIFY and consolidate the financial statements when you're building 3-statement projection models for companies.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Chipotle's Statements:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Chipotle-Financial-Statements.pdf
ht
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Financial statement analysis ch 17 -Principles of Financial Accounting CPA Exam
financial statement analysis, vertical analysis, horizontal analysis, ratio analysis. liquidity ratio, profitability ratio, market ratio, liquidity ratio, solvency ratio, market prospects ratio, working capital, trend analysis, common-size financial statements, acid test ratio, account receivable turnover, inventory turnover, asset turnover, gross profit, debt ratio, equity ratio, times interest e
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Annual Report Analysis Example, Financial Statement Analysis
For details, visit: http://www.financewalk.com
Annual Report Analysis Example, Financial Statement Analysis
Financial statements analysis is divided in the following areas in this module :
• Income Statement
• Balance Sheet
• Footnotes
• Cash Flow Analysis
• Director's report
• Management Discussion and Analysis
• Auditor's Report
• Shareholding Pattern
Reading the annual reports of the
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Accounting - Financial Statement Analysis - Severson - YouTube
See my entire list of Accounting videos at:
https://dl.dropboxusercontent.com/u/76184180/Lightbulb%20Accounting/Severson%20Accounting%20Video%20Links.docx
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US GAAP vs. IFRS on the Financial Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over t
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Integrating Financial Statements
Excel file available for free at www.ASimpleModel.com. This is the first instructional video in the “Integrating Financial Statements” series. The video will guide you through the process of using two years of historical income statement data and balance sheet data to build a fully integrated model. In my opinion this is the most important thing to understand if you want to build a strong model bu
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Companies: Interpretation of Financial Statements
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_05_Companies%20Ratio%20-%20Interpretation%20of%20Financial%20Statements_27Mar.pdf
Xtra Accounting: In this lesson we focus on the interpretation of Financial Statements and specifically discuss ratios.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule
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Companies: Financial Statements & Income Statement
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_02_Companies%20Financial%20Statements%20-%20Income%20Statement_24Mar.pdf
Xtra Accounting: In this lesson we introduce financial statements as well as discuss users of financial statements and consider the income statement.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn
Accounting 1: Program #5 - "Financial Statements"
Accounting 1: Program #5
Chapter 1
"Financial Statements"
dkrug@jccc.edu...
Accounting 1: Program #5
Chapter 1
"Financial Statements"
dkrug@jccc.edu
wn.com/Accounting 1 Program 5 Financial Statements
Accounting 1: Program #5
Chapter 1
"Financial Statements"
dkrug@jccc.edu
- published: 02 Sep 2011
- views: 91203
Accounting 101: Integrated Financial Statements in Excel
Please visit the corresponding blog post for this problem where you can actually download the Excel file and follow along step by step! http://wp.me/p1TVs6-rn
...
Please visit the corresponding blog post for this problem where you can actually download the Excel file and follow along step by step! http://wp.me/p1TVs6-rn
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 Integrated Financial Statements. To make the concept more concrete, I actually use a live integrated financial statement model in Excel (which you can download below) to record transactions for a fictional medical practice. Therefore you will be able to follow along in real time and see how different parts of the integrated statements change in relation to each other via Excel formulas!
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!) For my complete video library organized by playlist, please go to my video page here:
http://www.youtube.com/user/BCFoltz/videos?flow=list&view;=1&live;_view=500&sort;=dd
wn.com/Accounting 101 Integrated Financial Statements In Excel
Please visit the corresponding blog post for this problem where you can actually download the Excel file and follow along step by step! http://wp.me/p1TVs6-rn
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 Integrated Financial Statements. To make the concept more concrete, I actually use a live integrated financial statement model in Excel (which you can download below) to record transactions for a fictional medical practice. Therefore you will be able to follow along in real time and see how different parts of the integrated statements change in relation to each other via Excel formulas!
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!) For my complete video library organized by playlist, please go to my video page here:
http://www.youtube.com/user/BCFoltz/videos?flow=list&view;=1&live;_view=500&sort;=dd
- published: 26 Jun 2012
- views: 28421
IFRS - IAS 1 - Presentation of Financial Statements
An overview of the requirements of IAS 1 - Presentation of Financial Statements along with applicability for Indian entities under Ind AS.
Courtesy: The Instit...
An overview of the requirements of IAS 1 - Presentation of Financial Statements along with applicability for Indian entities under Ind AS.
Courtesy: The Institute of Computer Accountants
(www.icajobguarantee.com)
wn.com/Ifrs Ias 1 Presentation Of Financial Statements
An overview of the requirements of IAS 1 - Presentation of Financial Statements along with applicability for Indian entities under Ind AS.
Courtesy: The Institute of Computer Accountants
(www.icajobguarantee.com)
- published: 26 Nov 2014
- views: 17575
Intro to Financial Accounting: Accounting Equation, Journal Entries, and Financial Statements
Introduction to Financial Accounting
Professor Alexander Sannella
Lecture 3
Learning Objective 3
The Accounting Equation (A=L+OE) 0:21
Equity 1:33
Contr...
Introduction to Financial Accounting
Professor Alexander Sannella
Lecture 3
Learning Objective 3
The Accounting Equation (A=L+OE) 0:21
Equity 1:33
Contributed or Paid in Capital 2:27
Retained Earnings 7:05
(+revenues-expenses-dividends)
Owner Transactions 11:32
Revenues 12:45
Gains 13:40
Expenses vs. Losses 16:19
Dividends 17:58
Summary (Equity) 21:10
Income 22:56
Questions and Explanations
Question 1 23:56
Question 2 28:50
Question 3 32:59
Learning Objective 4
How to Analyze a transaction 36:14
Transactions Analysis (Double Entry) 37:22
Examples 39:32
Questions and Explanations
Question 1 57:014
Question 2 59:52
Question 3 1:03:47
Learning Objective 5
Financial Statements 1:08:58
Income Statement 1:10:10
The accounting equation is: Assets = Liabilities + Equity. Equity is the owner's residual claim against the assets of the company. It includes contributed capital, retained earnings, and accumulated other comprehensive income. It is known as Stockholder's Equity in a corporation. Stockholder's equity consists of three major components: contributed or paid in capital, accumulated other comprehensive income, and retained earnings. The owner's claim on the resources increase and decrease as the company engages in operating activities.
Contributed or paid in capital includes the common stock sold by the entity at face or par value and amounts received above par value called additional paid-in capital or paid-in capital in excess of par (denoted APIC).
Retained earnings represent the historical record of earnings (losses) that have not been paid out or distributed as dividends to shareholders. Retained earnings consist of three items: revenues, expenses, and dividends.
As the company earns revenue, assets increase and the shareholder claims against the assets of the company will increase. Conversely, as the company incurs expenses, shareholders claims against the assets of the company will decrease. The other events that can change the company's claim against the assets of the company is the amount of resources that shareholders invest in the company (via common stock) and the amount of resources that the owners take out of the company
Revenues are economic resources that have been earned by delivering products or services to external customers. Revenues are the gross increase in stockholders' equity resulting from business activities entered into for the purpose of earning income. Revenues are asset inflows, or reduction of liabilities, resulting from the normal operations of the business. Gains, on the other hand, while they are asset inflows, or reduction of liabilities, they are from peripheral or nonoperating activities.
Expenses are the costs associated with selling goods or services to external customers. Expenses are the cost of assets consumed or services used in the process of earning revenue. Expenses are asset outflows, or increases of liabilities, resulting from the normal operations of the business. Losses are asset outflows, or increases of liabilities, resulting from peripheral or nonoperating activities.
Dividends are distributions of cash or other assets to stockholders; dividends reduce retained earnings. Dividends are NOT expenses in the determination of net income but are distributions of net income. The amount of the annual withdrawals (dividends) is usually limited by the business to prevent an owner from taking out more resources in a given period than the company can sustain.
A transaction is a special kind of historical event. A transaction must involve the exchange of economic resources, and we must be able to measure the economic impact in monetary units. Buying a copying machine for the office would be considered a transaction, whilst simply meeting with a potential customer would not qualify as a transaction.
Each transaction must have a dual effect on the accounting equation so that the equality of the equation is preserved. This is commonly known as double entry bookkeeping or the double entry system. For example, if an individual asset is increased, there must be a corresponding decrease in another asset, an increase in a specific liability, or an increase in stockholder's equity.
There are four financial statements. They are the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. They are used by all companies as the primary means of communicating to external stakeholders.
The income statement includes temporary accounts reflecting completed accounting cycles. The model of the income statement is simply revenues (gains, asset inflows, reduction in liabilities / obligations) minus expenses (losses, asset outflows, or an increase in liabilities / obligations) equals net income (listed on the bottom of the statement).
wn.com/Intro To Financial Accounting Accounting Equation, Journal Entries, And Financial Statements
Introduction to Financial Accounting
Professor Alexander Sannella
Lecture 3
Learning Objective 3
The Accounting Equation (A=L+OE) 0:21
Equity 1:33
Contributed or Paid in Capital 2:27
Retained Earnings 7:05
(+revenues-expenses-dividends)
Owner Transactions 11:32
Revenues 12:45
Gains 13:40
Expenses vs. Losses 16:19
Dividends 17:58
Summary (Equity) 21:10
Income 22:56
Questions and Explanations
Question 1 23:56
Question 2 28:50
Question 3 32:59
Learning Objective 4
How to Analyze a transaction 36:14
Transactions Analysis (Double Entry) 37:22
Examples 39:32
Questions and Explanations
Question 1 57:014
Question 2 59:52
Question 3 1:03:47
Learning Objective 5
Financial Statements 1:08:58
Income Statement 1:10:10
The accounting equation is: Assets = Liabilities + Equity. Equity is the owner's residual claim against the assets of the company. It includes contributed capital, retained earnings, and accumulated other comprehensive income. It is known as Stockholder's Equity in a corporation. Stockholder's equity consists of three major components: contributed or paid in capital, accumulated other comprehensive income, and retained earnings. The owner's claim on the resources increase and decrease as the company engages in operating activities.
Contributed or paid in capital includes the common stock sold by the entity at face or par value and amounts received above par value called additional paid-in capital or paid-in capital in excess of par (denoted APIC).
Retained earnings represent the historical record of earnings (losses) that have not been paid out or distributed as dividends to shareholders. Retained earnings consist of three items: revenues, expenses, and dividends.
As the company earns revenue, assets increase and the shareholder claims against the assets of the company will increase. Conversely, as the company incurs expenses, shareholders claims against the assets of the company will decrease. The other events that can change the company's claim against the assets of the company is the amount of resources that shareholders invest in the company (via common stock) and the amount of resources that the owners take out of the company
Revenues are economic resources that have been earned by delivering products or services to external customers. Revenues are the gross increase in stockholders' equity resulting from business activities entered into for the purpose of earning income. Revenues are asset inflows, or reduction of liabilities, resulting from the normal operations of the business. Gains, on the other hand, while they are asset inflows, or reduction of liabilities, they are from peripheral or nonoperating activities.
Expenses are the costs associated with selling goods or services to external customers. Expenses are the cost of assets consumed or services used in the process of earning revenue. Expenses are asset outflows, or increases of liabilities, resulting from the normal operations of the business. Losses are asset outflows, or increases of liabilities, resulting from peripheral or nonoperating activities.
Dividends are distributions of cash or other assets to stockholders; dividends reduce retained earnings. Dividends are NOT expenses in the determination of net income but are distributions of net income. The amount of the annual withdrawals (dividends) is usually limited by the business to prevent an owner from taking out more resources in a given period than the company can sustain.
A transaction is a special kind of historical event. A transaction must involve the exchange of economic resources, and we must be able to measure the economic impact in monetary units. Buying a copying machine for the office would be considered a transaction, whilst simply meeting with a potential customer would not qualify as a transaction.
Each transaction must have a dual effect on the accounting equation so that the equality of the equation is preserved. This is commonly known as double entry bookkeeping or the double entry system. For example, if an individual asset is increased, there must be a corresponding decrease in another asset, an increase in a specific liability, or an increase in stockholder's equity.
There are four financial statements. They are the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. They are used by all companies as the primary means of communicating to external stakeholders.
The income statement includes temporary accounts reflecting completed accounting cycles. The model of the income statement is simply revenues (gains, asset inflows, reduction in liabilities / obligations) minus expenses (losses, asset outflows, or an increase in liabilities / obligations) equals net income (listed on the bottom of the statement).
- published: 14 Sep 2013
- views: 44086
Analysis of Company Financial Statements
Download the Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_13_Analysis%20of%20Company%20Financial%20Statements_09May.pdf
In...
Download the Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_13_Analysis%20of%20Company%20Financial%20Statements_09May.pdf
In this live Grade 12 Accounting show we discuss the Analysis of Company Financial Statements. In this lesson we focus on ratios affecting liquidity, solvency, risk & returns as well as discuss ratio calculations & relevant comments.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00197976 )
wn.com/Analysis Of Company Financial Statements
Download the Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_13_Analysis%20of%20Company%20Financial%20Statements_09May.pdf
In this live Grade 12 Accounting show we discuss the Analysis of Company Financial Statements. In this lesson we focus on ratios affecting liquidity, solvency, risk & returns as well as discuss ratio calculations & relevant comments.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00197976 )
- published: 14 May 2013
- views: 147545
Company Financial Statements
Download Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_06_Company%20Financial%20Statements_07Mar.pdf
In this live Grade 12 ...
Download Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_06_Company%20Financial%20Statements_07Mar.pdf
In this live Grade 12 Accouting show we take a close look at Company Financial Statements. In this lesson we examine the changes to the format of an income statement and balance sheet of a company. We recap on GAAP principles and focus on year-end adjustments which affect the financial statements.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00197372 )
wn.com/Company Financial Statements
Download Show Notes: http://www.mindset.co.za/learn/sites/files/LXL2013/LXL_Gr12Accounting_06_Company%20Financial%20Statements_07Mar.pdf
In this live Grade 12 Accouting show we take a close look at Company Financial Statements. In this lesson we examine the changes to the format of an income statement and balance sheet of a company. We recap on GAAP principles and focus on year-end adjustments which affect the financial statements.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00197372 )
- published: 09 Mar 2013
- views: 13345
Forecasting Financial Statements Part 2
This is a video showing how to forecast financial statements using Excel...
This is a video showing how to forecast financial statements using Excel
wn.com/Forecasting Financial Statements Part 2
This is a video showing how to forecast financial statements using Excel
- published: 26 Feb 2013
- views: 13946
How to Simplify and Consolidate the Financial Statements
In this lesson, you'll learn how to SIMPLIFY and consolidate the financial statements when you're building 3-statement projection models for companies.
By http:...
In this lesson, you'll learn how to SIMPLIFY and consolidate the financial statements when you're building 3-statement projection models for companies.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Chipotle's Statements:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Chipotle-Financial-Statements.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Chipotle-Financial-Statements.xlsx
Practice Exercise:
"Before": http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Practice-Consolidation-Exercise-Before.xlsx
"After": http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Practice-Consolidation-Exercise-After.xlsx
Table of Contents:
2:12 The Process of Simplifying and Consolidating the Statements
7:39 Walk-Through for Chipotle's Statements
8:47 Balance Sheet - Assets Side
16:19 Balance Sheet - L&E; Side
21:31 Smaller Items and Random Problems
24:21 Recap and Summary
Why Does This Matter?
Tons of people jump into projecting the financial statements
without ever THINKING about what they're doing!
That creates 2 problems:
Problem #1: It will be MUCH tougher to project and link items later
on, unless you simplify and consolidate the financial statements before doing anything else first.
Problem #2: "Help, my Balance Sheet doesn't balance!"
But the problem is that you STARTED OUT THE WRONG WAY!
The Balance Sheet will be exceptionally difficult to balance unless you simplify the statements and ensure that you know how the items are linked before you start projecting anything.
Goal:
Each item on the Balance Sheet should have a corresponding
item on the Cash Flow Statement, and vice versa.
If you CANNOT establish this link, then you need to add in appropriate items in some cases, and consolidate items in other cases.
To illustrate this, we'll go through an example for Chipotle, a
chain of Mexican restaurants based in the US, and you'll learn how to simplify and consolidate their financial statements.
Rules of Thumb for Consolidating and Simplifying the Financial
Statements:
1. Hard-code ALL the historical numbers except for possibly the BS/CFS cash (and that one is only to check that you entered the data correctly).
Trust us, the historical statements will NEVER link properly no
matter what you do - don't even try!
It's because companies group items differently from how they're shown in their public filings.
2. Keep the Income Statement largely as-is for 99% of companies -
maybe separate out Gains / (Losses) or Impairments if those are not shown separately.
3. Balance Sheet and Cash Flow Statement - A bit trickier to
describe, but here's the basic idea:
IFRS / Direct Method - If a company uses the Direct Method for
its Cash Flow Statement, or otherwise starts it with something other than Net Income, you'll have to adjust it by following the reconciliation in its filings.
This will make your life much easier later on!
Not relevant in this example since Chipotle uses the Indirect Method, and so its CFS starts with Net Income.
a) First, check the BS against the CFS and try to figure out
which item should link where.
For example, Receivables on the BS will always link to the Change
in Receivables on the CFS… but you run into issues with lots of smaller items that don't have apparent links elsewhere.
Examples Here: Current Deferred Tax Assets, Accrued Payroll and Benefits.
b) When this happens, consolidate these items and make sure
there's always a corresponding entry on the other statement.
Here, we consolidated Current Deferred Tax Assets into "Prepaid Expenses & Other Current Assets" and consolidated "Accrued Payroll and Benefits" into "Accrued Liabilities."
c) Make sure the location of different items makes sense - on
IFRS Cash Flow Statements, you'll often see items like
dividends in the CFO section, or investment-related items in the
CFF section, so feel free to move those around.
wn.com/How To Simplify And Consolidate The Financial Statements
In this lesson, you'll learn how to SIMPLIFY and consolidate the financial statements when you're building 3-statement projection models for companies.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
Chipotle's Statements:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Chipotle-Financial-Statements.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Chipotle-Financial-Statements.xlsx
Practice Exercise:
"Before": http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Practice-Consolidation-Exercise-Before.xlsx
"After": http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-12-Practice-Consolidation-Exercise-After.xlsx
Table of Contents:
2:12 The Process of Simplifying and Consolidating the Statements
7:39 Walk-Through for Chipotle's Statements
8:47 Balance Sheet - Assets Side
16:19 Balance Sheet - L&E; Side
21:31 Smaller Items and Random Problems
24:21 Recap and Summary
Why Does This Matter?
Tons of people jump into projecting the financial statements
without ever THINKING about what they're doing!
That creates 2 problems:
Problem #1: It will be MUCH tougher to project and link items later
on, unless you simplify and consolidate the financial statements before doing anything else first.
Problem #2: "Help, my Balance Sheet doesn't balance!"
But the problem is that you STARTED OUT THE WRONG WAY!
The Balance Sheet will be exceptionally difficult to balance unless you simplify the statements and ensure that you know how the items are linked before you start projecting anything.
Goal:
Each item on the Balance Sheet should have a corresponding
item on the Cash Flow Statement, and vice versa.
If you CANNOT establish this link, then you need to add in appropriate items in some cases, and consolidate items in other cases.
To illustrate this, we'll go through an example for Chipotle, a
chain of Mexican restaurants based in the US, and you'll learn how to simplify and consolidate their financial statements.
Rules of Thumb for Consolidating and Simplifying the Financial
Statements:
1. Hard-code ALL the historical numbers except for possibly the BS/CFS cash (and that one is only to check that you entered the data correctly).
Trust us, the historical statements will NEVER link properly no
matter what you do - don't even try!
It's because companies group items differently from how they're shown in their public filings.
2. Keep the Income Statement largely as-is for 99% of companies -
maybe separate out Gains / (Losses) or Impairments if those are not shown separately.
3. Balance Sheet and Cash Flow Statement - A bit trickier to
describe, but here's the basic idea:
IFRS / Direct Method - If a company uses the Direct Method for
its Cash Flow Statement, or otherwise starts it with something other than Net Income, you'll have to adjust it by following the reconciliation in its filings.
This will make your life much easier later on!
Not relevant in this example since Chipotle uses the Indirect Method, and so its CFS starts with Net Income.
a) First, check the BS against the CFS and try to figure out
which item should link where.
For example, Receivables on the BS will always link to the Change
in Receivables on the CFS… but you run into issues with lots of smaller items that don't have apparent links elsewhere.
Examples Here: Current Deferred Tax Assets, Accrued Payroll and Benefits.
b) When this happens, consolidate these items and make sure
there's always a corresponding entry on the other statement.
Here, we consolidated Current Deferred Tax Assets into "Prepaid Expenses & Other Current Assets" and consolidated "Accrued Payroll and Benefits" into "Accrued Liabilities."
c) Make sure the location of different items makes sense - on
IFRS Cash Flow Statements, you'll often see items like
dividends in the CFO section, or investment-related items in the
CFF section, so feel free to move those around.
- published: 31 Jul 2014
- views: 11260
Financial statement analysis ch 17 -Principles of Financial Accounting CPA Exam
financial statement analysis, vertical analysis, horizontal analysis, ratio analysis. liquidity ratio, profitability ratio, market ratio, liquidity ratio, solve...
financial statement analysis, vertical analysis, horizontal analysis, ratio analysis. liquidity ratio, profitability ratio, market ratio, liquidity ratio, solvency ratio, market prospects ratio, working capital, trend analysis, common-size financial statements, acid test ratio, account receivable turnover, inventory turnover, asset turnover, gross profit, debt ratio, equity ratio, times interest earned, dividend yield. pe ratio
wn.com/Financial Statement Analysis Ch 17 Principles Of Financial Accounting Cpa Exam
financial statement analysis, vertical analysis, horizontal analysis, ratio analysis. liquidity ratio, profitability ratio, market ratio, liquidity ratio, solvency ratio, market prospects ratio, working capital, trend analysis, common-size financial statements, acid test ratio, account receivable turnover, inventory turnover, asset turnover, gross profit, debt ratio, equity ratio, times interest earned, dividend yield. pe ratio
- published: 06 Dec 2014
- views: 6854
Annual Report Analysis Example, Financial Statement Analysis
For details, visit: http://www.financewalk.com
Annual Report Analysis Example, Financial Statement Analysis
Financial statements analysis is divided in the fo...
For details, visit: http://www.financewalk.com
Annual Report Analysis Example, Financial Statement Analysis
Financial statements analysis is divided in the following areas in this module :
• Income Statement
• Balance Sheet
• Footnotes
• Cash Flow Analysis
• Director's report
• Management Discussion and Analysis
• Auditor's Report
• Shareholding Pattern
Reading the annual reports of the company gives the basic information about the company and the industry in which it operates.
Reading this chapter would enable you to understand
• Components of financial statements
• How to use financial information
• Importance of financial statements for security analysis
Income Statement Components
• Sales
• Other Income
Profit from the sale of assets
Dividends ( from investments, in the shares of the other companies)
Rent (Lease rental earned from commercial buildings)
Interest( Interest received on deposits made and loans given to corporate bodies and others.)
• Materials Cost ( Opening stock + Purchases made during the year - Closing stock)
• Employment Costs -- ( Salaries + Wages + Bonus + Gratuity + Contribution to PF + Welfare Exps. )
• Operating and Other Expenses -- Costs incurred in running a company
a) Selling Exps -- Advertising ,Sales promotion, commission paid to salesmen, cash discounts
b) Administration Exps -- Rent of offices and factories,municipal taxes, insurance, repairs, printing and
stationery, telephone, legal, electricity costs, other exps to administer a company
c) Others -- Loss made on the sale of fixed assets, Donations made by the company
wn.com/Annual Report Analysis Example, Financial Statement Analysis
For details, visit: http://www.financewalk.com
Annual Report Analysis Example, Financial Statement Analysis
Financial statements analysis is divided in the following areas in this module :
• Income Statement
• Balance Sheet
• Footnotes
• Cash Flow Analysis
• Director's report
• Management Discussion and Analysis
• Auditor's Report
• Shareholding Pattern
Reading the annual reports of the company gives the basic information about the company and the industry in which it operates.
Reading this chapter would enable you to understand
• Components of financial statements
• How to use financial information
• Importance of financial statements for security analysis
Income Statement Components
• Sales
• Other Income
Profit from the sale of assets
Dividends ( from investments, in the shares of the other companies)
Rent (Lease rental earned from commercial buildings)
Interest( Interest received on deposits made and loans given to corporate bodies and others.)
• Materials Cost ( Opening stock + Purchases made during the year - Closing stock)
• Employment Costs -- ( Salaries + Wages + Bonus + Gratuity + Contribution to PF + Welfare Exps. )
• Operating and Other Expenses -- Costs incurred in running a company
a) Selling Exps -- Advertising ,Sales promotion, commission paid to salesmen, cash discounts
b) Administration Exps -- Rent of offices and factories,municipal taxes, insurance, repairs, printing and
stationery, telephone, legal, electricity costs, other exps to administer a company
c) Others -- Loss made on the sale of fixed assets, Donations made by the company
- published: 24 Jan 2014
- views: 17057
Accounting - Financial Statement Analysis - Severson - YouTube
See my entire list of Accounting videos at:
https://dl.dropboxusercontent.com/u/76184180/Lightbulb%20Accounting/Severson%20Accounting%20Video%20Links.docx...
See my entire list of Accounting videos at:
https://dl.dropboxusercontent.com/u/76184180/Lightbulb%20Accounting/Severson%20Accounting%20Video%20Links.docx
wn.com/Accounting Financial Statement Analysis Severson Youtube
See my entire list of Accounting videos at:
https://dl.dropboxusercontent.com/u/76184180/Lightbulb%20Accounting/Severson%20Accounting%20Video%20Links.docx
- published: 11 Nov 2013
- views: 6164
US GAAP vs. IFRS on the Financial Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http...
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf
wn.com/US Gaap Vs. Ifrs On The Financial Statements
You'll learn the key differences between US GAAP and IFRS on the 3 main financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn how to adjust an international company's financial statements to make it easier to model and project over time.
Table of Contents:
1:46 Why US GAAP vs. IFRS Matters
5:28 Income Statement Terminology Differences
7:34 Balance Sheet Differences
14:09 How to Adjust the Financial Statements for an IFRS Company
20:02 Recap and Summary
Income Statement:
The Income Statement is very similar regardless of the accounting system.
Some items have different names (e.g., Revenue is often called Turnover and Net Income is often called Profit), but that's about it.
Balance Sheet:
There are more differences on the Balance Sheet - items are often arranged in a different order (sometimes Long-Term Assets are listed first, then Current Assets, then Equity, then Long-Term Liabilities and Current Liabilities at the end).
The Balance Sheet itself is usually called the "Statement of Financial Position."
Also, items within the Equity section often have different names:
Common Stock is called "Share Capital" or "Issued Capital."
Additional Paid-In Capital is often called the "Share Premium."
Retained Earnings and Treasury Stock tend to have similar names.
IFRS-based companies also have many "Reserve" categories for items such as FX translation differences and unrealized gains and losses.
For US-based companies, these items show up within Accumulated Other Comprehensive Income (AOIC) rather than being split out into separate "Reserve" categories.
But the FUNCTIONALITY of the Balance Sheet is still very similar (items still flow in and change the same way), even if items have different names or are grouped differently.
Cash Flow Statement
There are more differences on the Cash Flow Statement, because most US-based companies use the INDIRECT method and most international companies use the DIRECT method.
The Indirect Method starts with Net Income, makes non-cash adjustments, and lists the changes in Working Capital in the Cash Flow from Operations section.
The Direct Method simply lists the cash received from customers and cash paid to suppliers and employees, along with income taxes and interest and other expenses, and so you don't see the full details behind the non-cash adjustments and working capital spending.
When this happens, it is much, much harder to link the financial statements because changes in items such as Accounts Receivable and Accounts Payable won't flow into anything on the Cash Flow Statement.
So we recommend ADJUSTING the financial statements as follows:
First, find a reconciliation between this Cash Flow Statement and the company's operating income and/or net income.
Then, make the Cash Flow Statement start with Net Income instead, as it normally does, and include all the line items from this reconciliation (non-cash adjustments, Working Capital changes, etc.).
And if there are still remaining differences between items such as income taxes and interest expense on the Income Statement vs. Cash Flow Statement, make adjusting entries on the CFS that indicate the true cash amount that a company paid for those.
Further Resources
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-GAAP-vs-IFRS.xlsx
Examples of Financial Statements for US-Based Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Chuck-E-Cheese.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-US-Jazz-Pharmaceuticals.pdf
Examples of Financial Statements for International Companies:
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Australia-Telstra.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Brazil-Ambev.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-China-TenCent.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-France-Vivendi.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-India-Infosys.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Japan-Suntory.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Korea-Samsung.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Mexico-FEMSA.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Russia-Rostelecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Saudi-Arabia-Saudi-Telecom.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-Singapore-SG-Airlines.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-South-Africa-PPC.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UAE-DP-World.pdf
http://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-09-UK-Easyjet.pdf
- published: 13 May 2014
- views: 23323
Integrating Financial Statements
Excel file available for free at www.ASimpleModel.com. This is the first instructional video in the “Integrating Financial Statements” series. The video will gu...
Excel file available for free at www.ASimpleModel.com. This is the first instructional video in the “Integrating Financial Statements” series. The video will guide you through the process of using two years of historical income statement data and balance sheet data to build a fully integrated model. In my opinion this is the most important thing to understand if you want to build a strong model building skill-set.
wn.com/Integrating Financial Statements
Excel file available for free at www.ASimpleModel.com. This is the first instructional video in the “Integrating Financial Statements” series. The video will guide you through the process of using two years of historical income statement data and balance sheet data to build a fully integrated model. In my opinion this is the most important thing to understand if you want to build a strong model building skill-set.
- published: 14 Sep 2014
- views: 2786
Companies: Interpretation of Financial Statements
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_05_Companies%20Ratio%20-%20Interpretation%20of%20Financial%...
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_05_Companies%20Ratio%20-%20Interpretation%20of%20Financial%20Statements_27Mar.pdf
Xtra Accounting: In this lesson we focus on the interpretation of Financial Statements and specifically discuss ratios.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00184975 )
wn.com/Companies Interpretation Of Financial Statements
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_05_Companies%20Ratio%20-%20Interpretation%20of%20Financial%20Statements_27Mar.pdf
Xtra Accounting: In this lesson we focus on the interpretation of Financial Statements and specifically discuss ratios.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00184975 )
- published: 31 Mar 2013
- views: 24336
Companies: Financial Statements & Income Statement
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_02_Companies%20Financial%20Statements%20-%20Income%20Statem...
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_02_Companies%20Financial%20Statements%20-%20Income%20Statement_24Mar.pdf
Xtra Accounting: In this lesson we introduce financial statements as well as discuss users of financial statements and consider the income statement.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00184966 )
wn.com/Companies Financial Statements Income Statement
Download the Show Notes:
http://www.mindset.co.za/learn/sites/files/EasterSchool/LXES_Gr12Accounting_02_Companies%20Financial%20Statements%20-%20Income%20Statement_24Mar.pdf
Xtra Accounting: In this lesson we introduce financial statements as well as discuss users of financial statements and consider the income statement.
Visit the Learn Xtra Website: http://www.learnxtra.co.za
View the Learn Xtra Live Schedule: http://www.learnxtra.co.za/live
Join us on Facebook: http://www.facebook.com/learnxtra
Follow us on Twitter: http://twitter.com/learnxtra
( E00184966 )
- published: 29 Mar 2013
- views: 15719