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Noncurrent Assets in Financial Accounting
 
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This video explains what noncurrent assets are and highlights the most common types, including: long-term investments, PP&E, intangible assets, and other assets. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 15421 Edspira
Fixed Assets and Current Assets - Explained in Hindi
 
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What are fixed assets and current assets? Explained in Hindi with examples. Types of current assets and fixed assets and how they are financed. Fixed assets are generally financed with long-term funds - equity and debt. Working Capital i.e. current assets minus current liabilities, is financed with short-term financing options. Related Videos: Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Tangible Assets & Intangible Assets: https://youtu.be/vnCbdUKeALk Current Assets & Current Liabilities: https://youtu.be/6_ZPGktZIts Business Loans: https://youtu.be/_LBaXZz80Uw Working Capital: https://youtu.be/eIuVfYSiVR8 Bank Guarantee: https://youtu.be/GWtBvqYYXbI Letter of Credit: https://youtu.be/0UiLLhNhBiI Cash Credit Loan Account vs Bank Overdraft Facility: https://youtu.be/0Qo2nqNVsCs Bill Discounting: https://youtu.be/PXzGqEL1RfQ Book Value, Market Value, Face Value of Share: https://youtu.be/bQEjzWssWOg फिक्स्ड एसेट्स और करंट एसेट्स क्या हैं? इस वीडियो में फिक्स्ड एसेट्स और करंट एसेट्स के प्रकारों को और इन्हे कैसे फाइनेंस किया जाता है, समझाया गया है। फिक्स्ड एसेट्स को साधारणतः लॉन्ग-टर्म फाइनेंस के द्वारा फाइनेंस किया जाता है - इक्विटी और डेब्ट। वर्किंग कैपिटल यानि की करंट एसेट्स माइनस करंट लिएबिलिटीज़ को शार्ट-टर्म फाइनेंस विकल्पों के द्वारा फाइनेंस किया जाता है। Share this Video: https://youtu.be/sPrNuHduHog Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is fixed asset? What is the meaning of current assets? How to do the financial analysis of a company or business? How to evaluate a company's financial strength before investing in shares? What are the finance methods for fixed assets and current assets? What is long-term assets or capital assets? What is the difference between fixed assets and current assets? What are the technical differences between fixed assets and current assets? What are the examples of fixed assets and current assets? What does cash equivalents mean in current assets? How to evaluate the fixed assets? What is depreciation factor in fixed assets? How to evaluate the current assets of a company or business? what long-term finance options are available for fixed asset financing? What working capital or current asset finance options are there? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Google Plus – https://plus.google.com/+assetyogi-ay Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Instagram - http://instagram.com/assetyogi Twitter - http://twitter.com/assetyogi Hope you liked this video in Hindi on “Fixed Assets and Current Assets”.
Views: 24462 Asset Yogi
Asset & Types of Assets - Explained in Hindi
 
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What is an Asset? What are different types of Assets? Explained in Hindi. Assets include current assets, non-current assets, fixed assets, tangible assets, intangible assets, operating assets and non-operating assets. Other than fixed assets like land, building and machinery, Patent, Trademark, Copyright and Brand are also assets which are intangible assets. We will discuss all such assets in this video. Related Videos: Fixed Assets and Current Assets: https://youtu.be/sPrNuHduHog Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Tangible Assets & Intangible Assets: https://youtu.be/vnCbdUKeALk Fictitious Assets: https://youtu.be/dJ1SjiwgLMM एसेट क्या है? एसेट कितने प्रकार के होते हैं? एसेट में करंट एसेट्स, नॉन करंट एसेट्स, फिक्स्ड एसेट्स, टैंजिबल एसेट्स, इंटैन्जिबल एसेट्स, ऑपरेटिंग एसेट्स और नॉन-ऑपरेटिंग एसेट्स शामिल होते हैं। लैंड, बिल्डिंग और मशीनरी, जैसे फिक्स्ड एसेट्स के अलावा पेटेंट, ट्रेडमार्क, कॉपीराइट और ब्रांड भी इंटैन्जिबल एसेट होते हैं। हम इस वीडियो में ऐसी सभी संपत्तियों पर चर्चा करेंगे। Share this Video: https://youtu.be/P82pyHmX_BA Subscribe To Our Channel and Get More Property, Real Estate and Finance Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is the technical definition of assets? How many types of assets are there? What are the current and non-current assets? What is the meaning of tangible and intangible assets? What are the characteristics of operating and non-operating assets? How to classify different types of assets? In the video, you will get to know the detailed explanation of each type of assets with examples. This will clear all the confusion regarding which type of asset belongs to which category. It also very important to understand the assets in order to completely utilize them. Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Asset & Types of Assets”.
Views: 31018 Asset Yogi
Current Assets in Financial Accounting
 
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This video explains what current assets are and provide an overview of the common types of current assets, including: cash and cash equivalents, short-term investments, receivables, inventory, and prepaid assets. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 22914 Edspira
IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
 
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http://www.ifrsbox.com The short summary of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. For more videos, articles, files and IFRS news please check http://ifrsbox.com :)
Views: 43506 Silvia M. (of IFRSbox)
Non - Current Assets | Definition | 3 Types of Non-Current Assets
 
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In this video,we will study definition of Non-Current Assets along with its types and list. 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐀𝐬𝐬𝐞𝐭𝐬? ------------------------------ An asset has an financial value and is held for the benefit of an company in the present and the future. 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐀𝐬𝐬𝐞𝐭𝐬 ----------------------------- #1 - Current Assets #2 - Non-Current Assets 𝐍𝐨𝐧-𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 --------------------------------------------------- Investments in assets which an organization is expected to hold for more than one year are referred to as non-current assets (also known as long-term assets). 𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐍𝐨𝐧 - 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬 -------------------------------------------------- #1 - Tangible Assets #2 - Natural Resources #3 - Intangible Assets 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐍𝐨𝐧 - 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬 -------------------------------------------------- #1 - Property Plan and Equipment #2 - Natural Resources #3 - Intangible Assets Like Patents, Copyrights etc #4 - Goodwill #5 - Long Term Investments #6 - Other Long Term Assets. If you want to know more about 𝐍𝐨𝐧 - 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭𝐬, you can visit the 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/non-current-assets/
Views: 78 WallStreetMojo
Tangible Assets & Intangible Assets - Explained in Hindi
 
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What are Tangible assets and Intangible assets? Explained in hindi. Tangible assets include fixed and current assets, while intangible assets cannot be touched or felt but a company derives long term value from them. Related Videos: Fixed Assets vs Current Assets: https://youtu.be/sPrNuHduHog Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Current Assets & Current Liabilities: https://youtu.be/6_ZPGktZIts Book Value, Market Value, Face Value of Share: https://youtu.be/bQEjzWssWOg टैंजिबल एसेट्स और इनटैंजिबल एसेट्स क्या होते हैं? टैंजिबल एसेट्स में फिक्स्ड और करंट एसेट्स शामिल होते हैं जबकि इनटैंजिबल को छुआ या महसूस नहीं किया जा सकता है, लेकिन एक कंपनी को लॉन्ग-टर्म वैल्यू देते हैं। Share this Video: https://youtu.be/vnCbdUKeALk Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What are the basics of financial analysis? What is the meaning of tangible assets and intangible assets? What are the major differences between tangible assets and intangible assets? What type of assets are tangible assets and intangible assets? What are the benefits of tangible assets and intangible assets? What are the advantages and disadvantages of tangible and intangible assets? What kind of assets are called intangible assets? What are the pros and cons of tangible assets and intangible assets? What is salvage value or residual value? How tangible assets are different from intangible assets? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Instagram - http://instagram.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Linkedin - http://www.linkedin.com/company/asset-yogi Twitter - http://twitter.com/assetyogi Hope you liked this video in Hindi on “Tangible Assets & Intangible Assets”.
Views: 12248 Asset Yogi
IAS 38 Intangible Assets (summary)
 
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http://www.ifrsbox.com This is the short summary of IAS 38 Intangible Assets. For more practical explanations, examples and illustration, please visit http://www.ifrsbox.com. I have also launched weekly podcast in which I respond to one of your questions each week!
Views: 23972 Silvia M. (of IFRSbox)
Accounting for Investments (Equity and Debt Securities)
 
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This video provides an overview of the accounting rules and classifications for different types of investments. Investments can be broadly grouped into two types: debt investments and equity investments. Debt investments can be held-to-maturity (presented on the Balance Sheet at amortized cost, with changes in fair value not affecting Net Income), available-for-sale (presented on the Balance Sheet at fair value, with unrealized gains or losses bypassing the Income Statement and flowing through Other Comprehensive Income), or Trading (presented on the Balance Sheet at fair value, with unrealized gains or losses affecting Net Income. Equity investments are treated as Trading Securities according to the Fair Value Method (if the investor owns less than 20% of the investee), which marks the investment to market on the Balance Sheet and has unrealized gains or losses flow through Net Income. There is a practicability exception, however: if the fair value cannot be determined, the investment is presented on the Balance Sheet at cost, minus any impairments. If the investor owns between 20% and 50% of the investee the Equity Method is used; with this method, the investor does not recognize dividend revenue but instead recognizes a proportionate share of the investee's Net Income. If the investor owns more than 50% of the investee, the investor must consolidate the investee (the two entities are treated as one consolidated entity). Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 21558 Edspira
Current Assets & Current Liabilities - Explained in Hindi
 
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Current assets and current liabilities are explained in hindi with examples. We will also look at the concept of Current Ratio and Working Capital Management and how they are useful in analyzing the health of a company. Related Videos: Fixed Assets and Current Assets: https://youtu.be/sPrNuHduHog Fixed Charge vs Floating Charge: https://youtu.be/QE10ZZK_aJE Tangible Assets & Intangible Assets: https://youtu.be/vnCbdUKeALk Working Capital: https://youtu.be/eIuVfYSiVR8 Book Value, Market Value, Face Value of Share: https://youtu.be/bQEjzWssWOg इस वीडियो में करंट एसेट्स और करंट लाईबिलिटीज़ को उदहारण के साथ समझाया गया है। हम करंट रेश्यो और वर्किंग कैपिटल मैनेजमेंट के कांसेप्ट के बारे में भी समझेंगे और समझेंगे की ये एक कंपनी के हेल्थ को अनलाइज़ करने में कैसे मदद करते हैं। Share this Video: https://youtu.be/6_ZPGktZIts Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What are the current assets and current liabilities? What is the definition of current assets and current liabilities? How are current liabilities different from current assets? What are the examples of current assets and current liabilities? What is the concept of current ratio? What are prepaid expenses? How to differentiate between current assets and current liabilities? Why is it important to understand the current assets and current liabilities? How to analyze the health of a company with current ratio and working capital management? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Linkedin - http://www.linkedin.com/company/asset-yogi Google Plus – https://plus.google.com/+assetyogi-ay Twitter - http://twitter.com/assetyogi Instagram - http://instagram.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Hope you liked this video in Hindi on “Current Assets & Current Liabilities”.
Views: 13221 Asset Yogi
ThinkPOD 2 - Non Current Assets
 
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Subscribe to Channel http://goo.gl/jvOvIS Free tutorials here http://www.macsfinance.com/previews WOW. Clicked here https://www.macsfinance.com and AMAZED how easy you can learn new finance skills from highly qualified professionals.No wonder others are sharing ! Finance for Beginners and Non Finance Managers. Enrol for training at https://www.macsfinance.com ----------------------------------------------------------------------------------------- In any balance sheet example there are assets. The basic accounting equation that we looked at in ThinkPOD 1, showed the different components of any balance sheet format. In this ThinkPOD we look specifically at the assets. In this case, the long term assets. You may also see these referred to as either fixed assets or a non current asset. These are all common accounting terms that are used. In the example above we briefly touch on these non current assets. What are they ? This is all part of the basics, that will lay the foundation for understanding any balance sheet example. ----------------------------------------------------------------------------------------- Develop your online finance education. Enrol for Finance Training at Macs Academy, courses for you at our online finance and accounting school: https://www.macsfinance.com Follow Macs Finance at: https://www.facebook.com/macsfinancecom https://twitter.com/macsfinance https://www.google.com/+Macsfinance https://www.pinterest.com/macsfinance/ http://www.youtube.com/Macsfinance ---------------------------------------------------------------------------------------- If you have any questions please don't be afraid to ask. Also, please do help support us to continue, subscribe, share or leave a video comment if possible. ----------------------------------------------------------------------------------------
Views: 72 Macs Finance
ACCA P2 IFRS 5 Non-current assets held for sale
 
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ACCA P2 IFRS 5 Non-current assets held for sale Free lectures for the ACCA P2 Corporate Reporting Exams
Views: 25697 OpenTuition
Disposal of non current assets
 
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The principles of disposing of non current assets, loss on disposal and gain on disposal at TCE Accounting level (Grade 12 Tasmania) More videos, tasks, quizzes, handouts and other resources can be found at https://meyerflippedlearning.com/#!/home
Views: 13623 Bernd Meyer
Depreciation and Disposal of Fixed Assets
 
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Accounting for Depreciation and Disposal of Fixed Assets
Accounting - Fixed Assets and Depreciation - Part 1 of 2 - Severson
 
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See the below link for more resources, including as a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This is part 1 of an accounting tutorial on Fixed Assets and Depreciation. This lecture covers topics such as how to record the initial purchases of assets, what constitutes a fixed asset, how to record depreciation, and how to record the disposal of an asset. It also covers the depreciation methods of straight line, units of production, double declining balance, and a little bit about tax depreciation under the Modified Accelerated Cost Recovery System (MACRS.) It also covers depletion of natural resources and amortization of intangibles such as patents, trademarks, copyrights and goodwill.
Views: 56776 Christopher Severson
Define Assets,Fixed Assets,Current Assets,Tangible Assets
 
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In this video we will Define Assets, In Urdu Types of Assets in Urdu ,Hindi Fixed Assets,Current Assets,Tangible Assets Intangible Assets Types of Natural Resources. which will be very informative for the students of b.com.MBA,CMA ,and CA. so kindly subscribe our channel,like and Comment. join us us on Face Book https://www.facebook.com/madamkausarofficial/ Visit tweeter https://twitter.com/KausarMadam
Views: 14690 Madam Kausar
ACCA F3 Intangible Assets: Goodwill, Research and Development
 
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ACCA F3 Intangible Assets: Goodwill, Research and Development Free lectures for the ACCA F3 Financial Accounting / FIA FFA Exam To fully benefit from this video, download free ACCA F3 lecture notes from http://opentuition.com/acca/ *** The complete list of free ACCA lectures is available on http://opentuition.com/acca/
Views: 8019 OpenTuition
Consolidations - Eliminate sale of Non-Current Asset
 
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How to eliminate intercompany transactions.
Views: 7390 Paula de Lange
Current Assets on the Balance Sheet
 
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A video tutorial by PerfectStockAlert.com designed to teach investors everything they need to know about Current Assets on the Balance Sheet. Visit our free website at http://www.PerfectStockAlert.com
Views: 18606 Perfect Stock Alert
Example on recognition of non current assets (Deborah Agostino)
 
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Video related to Polimi Open Knowledge (POK) http://www.pok.polimi.it
Views: 4732 Polimi OpenKnowledge
CPA Exam Questions FAR | Balance Sheet | Statement of Financial Position | Intermediate Accounting
 
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balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
Understanding IGCSE Non Current Assets in a Vertical Balance Sheet
 
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This tutorial will teach you how to layout the Non-Current or Fixed Assets in a Vertical Balance Sheet. You will learn in which order the business' Machinery, FIxtures, Fittings, Land, Premises and Motor Vehicles are entered into the Non-Current Assets section. To download the handout please visit our website at http://www.igcseaccounts.com/.
Views: 1501 Dean Hoss
IAS 36 Impairment of Assets
 
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http://www.ifrsbox.com Get "Top 7 IFRS Mistakes" and e-mail updates at http://www.ifrsbox.com The objective of IAS 36 Impairment of assets is to ensure that assets are carried at no more than their recoverable amount and to define how recoverable amount is determined. This summary explains that an asset is impaired when its carrying amount exceeds its recoverable amount. Impairment loss is a difference between asset's recoverable and carrying amount. Then, an entity needs to assess the indicators of impairment at least annually, both from external and internal sources. If there is an indication of impairment, an entity must perform impairment testing and determine asset's recoverable amount. Recoverable amount represents a higher of asset's fair value less cost to sell and value in use. Fair value of an asset is determined in line with the standard IFRS 13 Fair value measurement. Value in use is the present value of the future cash flows expected to be derived from an asset or cash generating unit. This video explains how to estimate future cash flows expected from the asset and how to determine the appropriate discount rate for setting the present value. Once you have calculated the amount of your impairment loss as a difference between asset's carrying amount and it's recoverable amount, you need to recognize this impairment loss in the financial statements based on the model applied. When an entity applies cost model for the asset under review, then the impairment loss is recognized immediately in profit or loss. When an entity carries its assets under review at revalued amount (for example, in accordance with revaluation model in IAS 16), then any impairment loss shall be treated as a revaluation decrease in accordance with that standard. After the recognition of an impairment loss, it is also necessary to adjust depreciation for future periods. Sometimes it's not possible to determine recoverable amount for individual asset and therefore, you need to determine your cash generating unit that is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. This summary also deals with the following situations: - Impairment loss of cash generating units - Impairment loss in business combinations with goodwill - Corporate assets You will also learn about reversals of impairment loss: when and how to do it. Visit my web and enjoy IFRS learning at http://www.ifrsbox.com!
Views: 218457 Silvia M. (of IFRSbox)
IAS 16 - IFRS Property, Plant & Equipment (Fixed Assets) 1 of 2
 
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An overview of the requirements of IAS16 (including reference to Ind AS) on Property Plant and Equipment. Part 1 of 2 Courtesy: The Institute of Computer Accountants (www.icajobguarantee.com)
Views: 111371 Vikash Goel
What is CURRENT ASSET? What does CURRENT ASSET mean? CURRENT ASSET meaning & explanation
 
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What is CURRENT ASSET? What does CURRENT ASSET mean? CURRENT ASSET meaning - CURRENT ASSET definition - CURRENT ASSET explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle (whichever period is longer). Typical current assets include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. On a balance sheet, assets will typically be classified into current assets and long-term assets. The current ratio is calculated by dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.
Views: 3886 The Audiopedia
CIMA F1 IAS 38 Intangible Assets
 
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CIMA F1 IAS 38 Intangible Assets Free lectures for the CIMA F1 Financial Reporting and Taxation Exams CIMA Operational Level
Views: 17237 OpenTuition
What is asset and liability?
 
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hello frnds, is video me assets or liabilities ke bare me bataya gaya hai....assets or liabilities ke types, current and fixed (non current ) liabilities and assets kya hai . in sabhi ke bare me detail me bataya gaya hai. jo new commerce students hai ye unke liye bahut important k.. See you in next video, have a nice day. LIKE | COMMENT | SHARE | SUBSCRIBE ----------------------------------------------------------------------------------
Views: 107214 Don't Stop Learning
Current and Non Current Liabilities
 
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This video shows the explains the difference between current and non current liabilities as they appear on a Balance Sheet
Views: 12436 Steve Lobsey
Basic Accounting: Non-current assets (Financial Assets)
 
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This video is part of a BlueBook Academy course on Accounting - Balance Sheets. BlueBook Academy is an online finance school to get people job ready, without debt and then help them find jobs. Start on a learning path, a selection of hand-picked certificates, designed to give you the essentials you need to land your dream job. Study towards exams and increase your chances of success with free tutorials, quizzes and extra learning resources. Or start on a specific course and earn an accredited certificate to add to your LinkedIn profile and CV. BlueBook Academy students have successfully landed their dream jobs at Accenture, Morgan Stanley, Citigroup, KPMG and many more. We've been featured at the QS-Wharton Reimagine Education Awards and the UK National Undergraduate Employability Awards. Learn for free - get certified - land your dream job. Join our fast growing community of learners at bluebookacademy.com
Views: 396 BlueBookAcademy.com
Assets, Liabilities & Equity - Explained in Hindi
 
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Assets, Liabilities and Equity explained in Hindi. What are Assets? What are Liabilities? What is Equity? How are they connected? Assets comprise of current assets and non current assets like fixed assets or tangible assets and intangible assets. Similarly, liabilities include current liabilities and non current liabilities. Equity is comprised of common equity and preferred equity. Related Videos: Equit vs Debt: https://youtu.be/5CWrpR6mcFw Asset & Types of Assets: https://youtu.be/P82pyHmX_BA Current Assets & Current Liabilities: https://youtu.be/6_ZPGktZIts Earnings Per Share (EPS): https://youtu.be/SDXp64flfJI एसेट्स, लाईबिलिटीज़ और इक्विटी को इस वीडियो में हिंदी में समझाया गया है। एसेट्स क्या होते हैं? लाईबिलिटीज़ क्या होती हैं? इक्विटी क्या होती है और ये तीनो एक-दूसरे से किस तरह कनेक्टेड हैं। Share this Video: https://youtu.be/4BhpDCAL62M Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What are the assets, liabilities, and equity? How to read a balance sheet of a company? How assets, liabilities, equity are related to each other? Are equity and net worth and net assets same? What is the meaning of retained earnings? What all information we get from a balance sheet of a company? How to analyze the balance sheet of any company? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Instagram - http://instagram.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Twitter - http://twitter.com/assetyogi Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Assets, Liabilities & Equity”
Views: 38973 Asset Yogi
CIMA F1 IFRS 5 Non-current assets held for sale and discontinued operations
 
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CIMA F1 IFRS 5 Non-current assets held for sale and discontinued operations Free lectures for the CIMA F1 Financial Reporting and Taxation Exams CIMA Operational Level
Views: 6015 OpenTuition
Accounting for Revaluations of PPE
 
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This video outlines how to account for PPE revaluations pursuant to AASB 116 Property, Plant and Equipment (please note that AASB 116 is equivalent to IAS 16 Property, Plant and Equipment). Published on 6/4/2014
Views: 89913 drdavebond
Balance Sheet, Cont'd: Current Assets, Long-Term Assets, Total Assets
 
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Brought to you by StratPad: Simple Business Plan App. Try it free at http://www.stratpad.com In this video, we'll dig deeper into the balance sheet and explore the assets section. You'll learn about the differences between current and long-term assets and how to calculate total assets. http://www.stratpad.com/financial-statements-made-easy-video-course/balance-sheet-current-assets-long-term-assets-total-assets/ Video Transcript So let's take a look at the assets section of the balance sheet. The assets section is commonly divided into two pieces: Current assets Long-term assets. Current assets are assets that can be turned into cash within a year — in a short period of time — and they include cash, of course, accounts receivable (also called AR: this is the amount of money that your customers owe you) and then inventory. Long-term assets include things like building and machinery. Alright, so let's put some numbers in so you can see how the assets section totals. Let's say that we have a total of $1,000 in cash. Our customers owe us a total of $5,000 and we've got $10,000 worth of inventory sitting on our shelves. We would then, for current assets, subtotal this ($1,000 plus $5,000 plus $10,000 is equal to $16,000 worth of current assets). Our building is worth $150,000 and I've got machinery in there worth another $25,000. I'm going to subtotal my long-term assets ($175,000). And then I'm going to subtotal and create my total assets ($191,000) and I got there by simply adding my $16,000 in current assets to my $175,000 in long-term assets. And then, of course, now I'm at the bottom of my financial statement and so I do a double-underline. My assets are $191,000. Next up — we'll do the liabilities and owner's equity.
Views: 16912 Alex Glassey
Statement of Cash Flows:  How to Account for a Disposal of Fixed Assets
 
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This video shows how to account for the disposal of a fixed asset on the Statement of Cash Flows. The cash proceeds from the sale of the fixed asset are shown as a cash inflow in the cash flow from investing activities section. Any gain or loss recognized on the sale must be removed when adjusting Net Income to cash flow from operating activities to avoid double-counting (the only cash effect is the cash proceeds from the sale; an accounting gain or loss on paper doesn't affect cash). In addition, the accumulated depreciation associated with the fixed asset is removed from the books. These concepts are illustrated in the video with a comprehensive example. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 10020 Edspira
Cash Flow From Investing Activities (Formula & Example)
 
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In this video we are going to discuss Cash Flow from Investing Activities in detail. Including (Formula & Top Examples) 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐟𝐫𝐨𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 ----------------------------------------------------------- Information of cash inflow and outflow related to purchases and sales of assets (Property, plant & Equipment etc) The suppliers made to received loans ones from the customer and any payments related to merger & acquisitions 𝐂𝐚𝐬𝐡 𝐟𝐥𝐨𝐰 𝐟𝐫𝐨𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 ------------------------------------------------------------ Cash inflow from Sale of Land + Cash outflow from PPE 𝐈𝐭𝐞𝐦𝐬 𝐟𝐨𝐮𝐧𝐝 𝐢𝐧 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐟𝐫𝐨𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 ----------------------------------------------------------------------------------- 1. Proceeds from sales of assets (cash inflow) 2.Payments for business acquired (cash outflow) 3.Investments in marketable securities (cash outflow) 4.Sales of property, plant, and equipment (cash inflow) 5.Investing in affiliates and joint ventures(cash outflow) 6. Buying plant, property, and equipment (cash outflow) 𝐇𝐨𝐰 𝐭𝐨 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐟𝐫𝐨𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬? ----------------------------------------------------------------------------- Here we will take an example for better understanding of Cash Flow from Investing Activities. Here we know that cash flow from investments is similar to non current assets part of the balance sheet. Mainly there are 2 Non Current assets items, which are 1. Land and Property 2. Plant and Equipment Cash inflow from sale of Land = Decrease in Land (BS) + Gain from Sale of Land = $90,000 – $60,000 + $10,000 = $40,000 Cash outflow from purchase of property plant and equipment (PPE) = $140,000 – $190,000 = -$50,000 Now, we will find the cash flow from investments with the help of formula. Cash inflow from Sale of Land - Cash outflow from PPE Cash inflow from Sale of Land =$40000 Cash outflow from PPE = -$50,000 = $10000 To know more about 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐟𝐫𝐨𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:-https://www.wallstreetmojo.com/cash-flow-from-investing-activities/
Views: 339 WallStreetMojo
Balance Sheet:  Assets, Liabilities, and Equity - CPA FAR Review
 
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What do current assets include? Cash, cash equivalents, short-term investments, accounts receivable, other receivables, inventories, prepaids What do non-current assets include? Long-term investments, property, plant and equipment, intangibles, other long-term prepaids What do current liabilities include? accounts payable, accrued liabilities, unearned revenue, income tax payable, notes payable, current portion of long-term debt What is the current portion of long-term debt? the portion due within one year of the balance sheet date What do non-current liabilities include? Notes payable, bonds payable, lease liabilities, pension liabilities, postretirement health care liabilities, deferred taxes What is goodwill? Market Value of the firm Minus MV of the firm’s identifiable assets GW = Firm MV – Firm’s Id Assets MV Internally generated goodwill is expensed Total Owner’s Equity is also called Net Assets Typically, publicly traded company’s OE is significantly less than the market value (stock value) of the company
Views: 3961 Faithful Runner
Balance Sheet | Intermediate Accounting | CPA Exam FAR | Chp 5 p 1
 
01:08:16
balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
IAS 36 Impairment of Assets__Keep It Simple
 
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Subscribe and watch more on MINDMAPLAB: http://bit.ly/2J6Eggr Chat with the Creator: https://youtu.be/addme/LnvNDhGxDRv44QZFZWV00f3pDLduXQ http://www.MindMapLab.com presents the most simplified video of #IAS36 Impairment of Assets you have ever watched. The #mindmaplab is an educational platform where you can get the summarized/simplified form ( covering all the areas ) of lengthy and complex subjects/chapters which otherwise most of us finds difficult to absorb at the first sight. Visit our website:http://www.mindmaplab.com Join us on: https://www.facebook.com/mindmaplab https://www.instagram.com/mindmaplab https://www.twitter.com/mindmaplab About this video: IAS 36 – Objective and Scope  IAS 36 ensures that assets are reported on the statement of financial position at no more than the entity can recover from their use or sale.  May be an impairment loss—“the amount by which the carrying amount of an asset or a cash-generating unit (CGU) exceeds its recoverable amount”  IAS 36 excludes: o inventories o assets arising from construction contracts o employee benefit assets o deferred tax assets o financial assets under IAS 39 o non-current assets or disposal groups held-for-sale o investment property, biological assets based on FV measurements IAS 36 – Identifying an Asset that May Be Impaired  Assets o end of each reporting period o assess for indications of impairment o if indications of impairment, test for impairment  Intangibles with indefinite lives, those not yet ready for use, and goodwill o annually – test for impairment regardless of indications of impairment Testing for impairment:  Estimate asset/CGU’s recoverable amount. If recoverable amount is greater than the carrying amount – no impairment.  Recoverable amount - higher of: o fair value less costs to sell, and o value in use  For assets that do not generate independent cash flows on their own – group into cash-generating units (CGUs)  CGU – “the smallest identifiable group of assets that generates cash flows that are largely independent of the cash flows from other assets or groups of assets”  Fair value less costs to sell = proceeds from arm’s-length sale of an asset/CGU between knowledgeable willing parties less incremental direct costs of its disposal  Best measure: arm’s-length bargained price in a binding sales agreement in an active market.  Hierarchy of appropriate methods to establish fair value  Disposal costs: e.g., legal costs, transaction taxes, removal costs, costs to put in condition for sale  Value in use = present value of the future cash flows expected from asset/CGU’s use and ultimate disposal  Two approaches: o Most likely cash flows from use and disposal discounted using risk-adjusted discount rate. o Probability-weighted cash flows from use and disposal discounted using remaining risk-adjusted discount rate.  IAS 36 – Recognizing and Measuring an Impairment Loss for CGUs and Goodwill  Goodwill allocated to a CGU or group of CGUs not larger than an “operating segment” that is: o expected to benefit from synergies of a combination o at lowest level in organization that manages the goodwill o not on an arbitrary basis  If part of CGU with allocated goodwill is sold: o allocate goodwill between portion sold and portion remaining o base on relative value of the CGU sold to portion retained  IAS 36 – Reversing an Impairment Loss  No reversal of impairment loss for G/W  For other assets, reversal permitted if estimates used to determine recoverable amount have changed  For an individual asset: o reversal limited to an increase to what asset would have been, net of depreciation/amortization, if no impairment had been recognized initially o unless accounted for under the revaluation model – when full reversal is permitted Hashtags: #accounting, #acca, #ifrs, #videolectures, #tutorial, #charteredaccountant, #gaap external and internal illustrative examples, calculation gaap vs ifrs ias in hindi ifrsbox chartered accountant standards tutorial self study online-study simplified cpt ipcc cfa cpa ppt full text present valve of future cash flows carrying amount
Views: 6368 MindMap
Business Activities: Operating, Investing and Financing (Financial Accounting Tutorial #4)
 
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75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP In this tutorial we discuss the various business activities a company encounters on a day to day basis. The activities of any company can be sorted into either operating, investing or financing activities. Operating normally has to do with current assets/current liabilities or working capital along with expenses and revenues. Investing activities involve long term or non-current assets like the purchase and sale of capital assets like property or investments (some examples). Financing activities involve non-current liabilities and equity accounts. The issuance of more shares to raise cash or the issuance of a dividend or repayment of bonds are all prime examples. Watch the video to get a basic idea as to how business activities are split into these three sections! Leave a comment or question if you have any trouble understanding the concept! ** 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
Views: 28799 Notepirate
Classified Balance Sheet | Financial Accounting | CPA Exam
 
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Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ III. Classified Balance Sheet—organizes assets and liabilities into important subgroups and provides more information for decision makers. A. Classification Structure 1. One of the more classifications is the separation between current and noncurrent assets and liabilities. 2. Current items are expected to come due (either collected or owed) within the longer of one year or the company’s operating cycle. 3. An operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of those goods and services. B. Classification Categories 1. Current assets—cash or other resources that are expected to be sold, collected, or used within one year or the operating cycle, whichever is longer. Examples: cash, short term investments, accounts receivable, short-term notes receivable, merchandise inventory, and prepaid expenses. 2. Long-term investments—assets held for more than one year, that are not used in business operations. Examples: stocks, bonds, promissory notes, and land held for future expansion. 3. Plant assets—tangible, long lived assets that are used to produce or sell goods and services. Examples: equipment, buildings, land. 4. Intangible assets—long-term resources that benefit business operation. They lack physical form. Their value comes from the privileges or rights that are granted to or held by the owner. Examples: goodwill, patents, trademarks, franchises, copyrights. 5. Current liabilities—obligations due to be paid or settled within the longer of one year or the operating cycle. Examples: accounts payable, notes payable, wages payable, taxes payable, interest payable, unearned revenues, current portions of long term liabilities. 6. Long term liabilities—obligations that are not due to be paid within one year or the operating cycle of the business. Examples: notes payable, mortgage payable, bonds payable. 7. Equity—owner’s claim on assets. For a proprietorship it is reported in this section as the owner's capital account. In a corporation, equity is divided into two main subsections: capital stock and retained earnings.
2015- CFA Level 1- FRA- Non Current Liabilities- Part I (of 6)
 
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FinTree website link: http://www.fintreeindia.com FB Page link :http://www.facebook.com/Fin... We love what we do, and we make awesome video lectures for CFA and FRM exams. Our Video Lectures are comprehensive, easy to understand and most importantly, fun to study with! This Video lecture was recorded by our popular trainer for CFA, Mr. Utkarsh Jain, during one of his live CFA Level I Classes in Pune (India).
Views: 5998 FinTree
Basic Accounting: Non-current asset - Intangible Assets & Goodwill
 
02:07
This video is part of a BlueBook Academy course: Accounting - Balance Sheets. BlueBook Academy is an online finance school to get people job ready, without debt and then help them find jobs. Start on a learning path, a selection of hand-picked certificates, designed to give you the essentials you need to land your dream job. Study towards exams and increase your chances of success with free tutorials, quizzes and extra learning resources. Or start on a specific course and earn an accredited certificate to add to your LinkedIn profile and CV. BlueBook Academy students have successfully landed their dream jobs at Accenture, Morgan Stanley, Citigroup, KPMG and many more. We've been featured at the QS-Wharton Reimagine Education Awards and the UK National Undergraduate Employability Awards. Learn for free - get certified - land your dream job. Join our fast growing community of learners at bluebookacademy.com
Views: 309 BlueBookAcademy.com
Definition of Assets in Urdu with example by the education forum
 
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In this video , I am going to Define Assets in Urdu/ hindi & Types of Assets ( Current Assets & Fixed Assets) definition of assets and liabilities, definition of assets in urdu, definition of assets in hindi, definition of assets in accounting in hindi, definition of assets,Current Assets,Fixed Assets, types of assets, types of assets and liabilities, types of asset classes, types of assets to invest in, types of assets in hindi, types of assets in accounting, types of assets rich dad poor dad, types of assets robert kiyosaki, different types of assets, types of financial assets, types of asset fixed assets, fixed asset schedule, fixed assets ax 2012, fixed assets register, fixed assets reconciliation, fixed assets and depreciation, fixed asset accounting, fixed assets entry in tally, fixed assets examples, fixed assets in sap b1 9.2, types of asset,current assets, current assets and fixed assets, current assets list, current assets in hindi, current asset ratio, current asset and current liabilities in hindi, current assets and current liabilities, current assets and noncurrent assets, current assets and noncurrent assets definition, current assets meaning in urdu assets, assets show, assets in urdu, assets of rao anwar, assets liabilities, assets management, assets in hindi, assets accounting, CMA foundation, Accounting Terminology, Definition of Assets, accounting, ipcc accounting, ca final, cpt coaching, CS foundation, Double entry book keeping, sudhir sachdeva law classes, sudhir sachdeva, Definition, Meaning and Types of Assets (Part-4),financial accounting definitions, Finance (Industry), Accounting, Accountancy, accounting definitions, what is an asset, what is a liability, what is stockholder's equity, what is an expense, what is a revenue, financial accounting unit 1 videos, financial statements, sections of a financial statement, terms to know in a financial statement, income statement, balance sheet, accountancy, accounting, financial accounting,assets and liabilities, Current liabilities, Long-term liabilities:, Liabilities, Long-term (Fixed) asset, Current asset, Assets, liabilities, navdeep bhardwaj, accountancy Please like subscribe & share my video with your friends Thanks for watching Please visit my Facebook ID: https://www.facebook.com/EducationFor... Instagram: https://www.instagram.com/the_educati... Visit my other videos https://www.youtube.com/watch?v=LM8Xc... https://www.youtube.com/watch?v=K2I-J... https://www.youtube.com/watch?v=gvVKH...
Views: 2031 The Education Forum
Balance sheet CFA exam ch 4 p 1
 
58:03
balance sheet, classified balance sheet, capital structure, liquidity,equity, solvency current assets, non current asset, long term assets, goodwill, liabilities, long term liabilities, short term investment, long term investment, property plant and equipment, financial statements, cpa exam, intermediate accounting
ACCA P2 S08 Non Current Assets www.copilarie.eu
 
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. private me if need this 26 videos..
Views: 439 Walter Millington
What Is a Balance Sheet? Balance Sheet Definition And Examples
 
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The Balance Sheet helps us to assess the risk of the business. By looking at it you will be able to answer to questions, such as: What is the leverage? Is the company liquid enough? Remember, leverage means the proportion between equity and debt, while liquidity is the capacity of the business to repay for its short-term obligations, to run the operations. Do you want to learn more? Join our course at this link https://www.udemy.com/become-a-financial-analyst-from-scratch-n1/?couponCode=websitecoupon The Balance Sheet is comprised of two main sections: - Assets - Liability and Equity The Assets sections i comprised of: CURRENT ASSETS: -Cash -Petty Cash -Temporary Investments -Accounts Receivable -Inventory GET THE BOOK HERE: https://gum.co/rsooN NON - CURRENT ASSETS - Plant, Furniture, Equipment… and so on. Liabilities are comprised of: CURRENT LIABILITIES - Accounts Payable - Accrued Expenses - Short-term loans NON CURRENT LIABILITIES - Long-term loan Equity is comprised of: - Owner's Equity - Retained Earnings Video transcript: Hi my name is Grandpa John, I will guide you through the accounting section of the MBA in pills offered by the four week MBA. for more business educational videos. check out this link. we saw in the accounting equation video, that the balance sheet, is divided in two main sections. the asset section, and the liability and equity section. more in detail. the asset section is comprised of current assets, and non current assets. main current assets are. cash, accounts receivable, inventories. prepaid expenses. the current assets, are called such, because they are usually on the balance sheet for one year, or less. the current assets are usually listed, on the balance sheet, according to their degree of liquidity. therefore, cash is the most liquid, while prepaid expenses, the least liquid.cash, is available at any time. accounts receivable, sum of money to be received from customers. inventory, a list of goods to be sold. prepaid expenses, sum paid in advance. the non-current assets are also called, long term assets. indeed, those are assets that will stay on the balance sheet for years. such as plants, equipment, furniture, and so on. on the other side of the balance sheet, we have, the liabilities and equity. liabilities, are comprised of current liability and non current liability. current liabiltiies, stay on the balance sheet, for less than a year. non current, for more than a year. Let's see the main current liabilities. accounts payable, sum of money not yet paid to suppliers, that will be washed away, once paid. accrued expenses, sum of money to be paid in the future, such as, payrolls, or tax the main non current liability is, long term debt. such as loans contracted with the bank. then, the equity. in this sub section are reported items, such as, owner's equity, retained profits and other kind of stocks, issued by the organization. lets see now few examples. jim sold $100 worth of clothes. his customer, Janet, paid with credit card. therefore, this will generate an account receivable, for $100, on Jim's balance sheet. jim, has to pay for utilities. since it is the first time he set up the account. he has to pay for $1,000 in advance. this advanced payment, will be shown as, prepaid expense. jim, this month, did not sell part of the clothes he bought in the previous month. the unsold clothes, will become part of his inventories. then, Jim had to pay $50,000 cash, to renovate the store. this $50,000 will show on his balance sheet, as building improvement, therefore, a long term fixed asset. jim, buys clothes for $1,000, with credit card. the payment will be processed in 30 days. this transaction, will generate an account payable, on jim's balance sheet. Jim, goes to the bank, to ask for a long term loan. the bank gives Jim, $50,000. this will generate a bank loan. showed under long term liability, on Jim's balance sheet. after a while. Jim accepts a new partner, Jasmine. Jasmine puts $50,000 and becomes equity partner. this transaction, will show on the balance sheet, as owner's equity. in conclusion, the balance sheet, is one of the main financial statements. it is like an instant picture. and it helps us to assess how risky a business is. in fact, when a company is too indebted. you can see it from the balance sheet. if liabilities are too much in comparison to equity, this can be very dangerous for the business.to summarize. the balance sheet is comprised of two main sections. it is an instant of the business. and, allows us to see how risky a business is. if you liked this video, and you found the topic interesting please live a comment at these links. if you would like to learn more, about other topics, contact us. Grandpa John here. You just enjoyed the accounting section of the MBA in pills offered by the four week MBA.
Views: 284798 The Four-Week MBA
17.1 The “cost” of a non current asset
 
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VCE Accounting Unit 4. Slides of this presentation can be found at my SlideShare page http://www.slideshare.net/mjall3
Views: 835 Michael Allison
Consolidation Entries for Property Transactions - Advanced Accounting
 
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How to adjust for intra-company sales of depreciable property (e.g. equipment/buildings or other non-current assets). Follow my t-account approach and this topic will be much easier for you.
Views: 5421 O'Reilly Accounting