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Search results “Determining net income from retained earnings”

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https://www.udemy.com/learn-accounting-unlock-the-numbers/?couponCode=YOUTUBE+VIDEO+NEW Learn How to Read Financial Statements! Click the link above. How to Calculate Retained Earnings? Accounting University will show you basics of accounting through beautifully designed educational videos. Who says Accounting has to be boring? Well corporations have savings account too. Only it is called Retained Earnings. Let’s analyze these two words: Retained + Earnings Retained means “to keep”. Corporations retain their earnings from year to year to be used for different purposes. What is Retained Earnings used for? To pay out Dividends Reinvest Earnings into other Business Ventures Finance other areas of their Operations Earnings is the amount of money earned through the regular course of business after all expenses are deducted. Where is Retained Earnings Reported? Retained Earnings is reported in the Stockholders Equity Section on the Balance Sheet. So, How do we calculate Retained Earnings? Here is the Equation: Beginning Retained Earnings Net Income Dividends = Ending Retained Earnings The Ending Retained Earnings is the Value that is Reported on the Balance Sheet. Now let’s Review: What is Retained Earnings? It is the amount of income earned through regular course of business that is retained from year to year. Here is the equation revisited: How to calculate retained earnings: Beginning Retained Earnings Net Income Dividends = Ending Retained Earnings For more Video Lessons, Online Courses, and Accounting Training, Visit: AccountingUNIV.com Remember to Subscribe and Like! More Videos Coming Soon.
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This statement presents the balance sheet and statement of retained earnings for MBA 601.
Views: 14650 srauterkus

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This video looks at how to calculate standard deductions (CPP, EI, tax) as well as other deductions (ex. union dues) and net income from gross income.
Views: 7844 factswithfowler

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This video cover CPA questions about consolidated financial statement that deal with net income, retained earnings and dividend. In other words, it cover the consolidated income statement and statements of retained earnings. This topic is covered ion advanced accounting. My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: https://twitter.com/farhatlectures Email Contact: [email protected]

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Merchandising accounting income statement (whats included and how to setup) for a merchandising company (a company that sells goods rather than manufacture goods, like retail outlets selling to the public), detailed overview showing the accounting for net income starting with income statement main sections (revenues,COGS (cost of goods sold) & operating expenses), broken down by (1) net sales = (sales - sales discounts - sales returns & allowances), (2) gross profit = ( net sales - COGS) where COGS = (purchases + freight in - purchase discounts - purchase returns & allowances = net purchases) where (beginning inventory - net purchases = goods available for sale - ending inventory = COGS), and (3) operating expenses (sales & marketing, general administrative,R&D) are subtracted to determine net income, the example shows each section of the income statement, whats included and (the additions and subtractions) that are made to determine net income where (revenue (net sales) - COGS = gross profit - operating expenses = net income), explained in detail by Allen Mursau
Views: 42541 Allen Mursau

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What is the meaning of the term retained earnings? Where do retained earnings show up in the financial statements? What makes retained earnings go up or down? In this video we walk through the definition of retained earnings, analyze two real-life examples of well-known companies to understand how retained earnings get accounted for, and provide bonus tips above and beyond what other videos and textbooks would give you on things you should know about retained earnings. Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!

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Accounting Principles - How to Determine Net Income or Loss
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A video tutorial designed to teach investors everything they need to know about retained earnings on the balance sheet. Visit our free website at http://www.PerfectStockAlert.com

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Retained earnings (shown on balance sheet template with T Accounts), retained earnings part of (1) shareholders equity, (2) financing activity, and earned capital, retained earnings is affected by (1) net income gains and losses and (2) cash dividends paid to shareholders which reduces retained earnings, example shown (1) are (debits and credits) for the closing of revenues and expenses from the income statement to income summary account which is the closed to retained earnings for any gains or losses, (2) flow diagram showing how the income statement accounts are zeroed out, closed to retained earnings each period (year) and how accummulated retained earnings equals net income for each period minus cash dividends, and (3) chart listing possible accounting transactions that affect retained earnings (debit (-) decreases, credit (+) increases) retained earnings, detailed accounting and explanation by Allen Mursau
Views: 12976 Allen Mursau

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retained earnings, retrospective, prospective, comprehensive income, accumulated other comprehensive income. changes in accounting principle, changes in accounting estimated, prior period adjustment, unusual gains, unusual loss, discontinued operation, net of tax, extraordinary gain, extraordinary loss, operating section, non operating section, single step income statement, multiple step income statement, intraperiod tax allocation,

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Net income is a generally accepted accounting principle also known as profit. While net income doesn't paint the entire picture of a company's current financial situation, it is still a useful metric to know before investing in a company. In this video, I explain how to determine net income and how to use it to evaluate a company's financial standing. To sign-up for my Transformational Investing Webinar, visit: http://bit.ly/1KoyuXq Think you have enough money saved for retirement? Learn more: http://bit.ly/1Koytmp Don't forget to subscribe to my channel here: http://ow.ly/RNAnK _____________ For more great Rule #1 content and training: Podcast: http://bit.ly/1U6KrDd Blog: http://bit.ly/1OfhJJ9 Twitter: https://twitter.com/Rule1_Investing Google+: +PhilTownRule1Investing Pinterest: https://www.pinterest.com/rule1investing/

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Help us caption & translate this video! http://amara.org/v/FvP5/
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This is the second chapter/second week on corporations. In the previous chapter the emphasis was on paid-in transactions. This chapter is concerned with increasing (net income) and decreasing (cash dividends and stock dividends) the Retained Earnings account. Requirements and journal entries for cash and stock dividends are explained. Stock splits are also mentioned and explained at the 44:35 mark.
Views: 33376 oruaccounting

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http://www.accounting101.org/accounting-equation/ Every transaction that happens within a business has an effect on its financial position. The accounting equation is what keeps all of the transactions in balance and helps users of the information make sense of what areas each transaction affects. The financial position of any company is based on the following items: Assets: what the company owns Liabilities: what the company owes to other parties Owners' Equity: the difference between assets and liabilities The Accounting Equation The basic accounting equation simplifies our understanding of how these three areas of the company relate to each other. The basic accounting equation for any given business is: Assets = Liabilities + Owners' Equity Assets are the things that the company owns, or its resources. Assets are things like cash, accounts receivable, inventory, prepaid insurance, buildings & equipment, land, and goodwill. Remember that total assets will always equal liabilities + owners' equity. That's exactly what a balance sheet means... because the assets, or the left side of the balance sheet, will always equal liabilities + owners' equity, or the right side of the balance sheet. Liabilities are the company's obligations, or the amounts that the company still has to repay to other parties. Liabilities can be notes payable, accounts payable, wages payable, interest payable, bonds payable, or income taxes payable. Liabilities can be viewed as bills that the company has to pay, or as the part of the source of acquiring their assets. For example, if the company bought a new delivery truck for \$20,000 using a \$20,000 loan from the bank, then the company has an asset of \$20,000, as well as a liability of \$20,000 to pay back to the bank. Notice that the asset equals the liability in this example. Owners' equity is the amounts invested by the owners of the company plus the cumulative net income that hasn't been taken out or distributed as dividends to the owners of the company. Difference Between the Balance Sheet and the Income Statement As we already mentioned, the balance sheet is called the balance sheet because the accounting equation will always balance... meaning the assets side of the balance sheet will always equal the same as the liabilities + owners' equity. There is also a big difference in the format of the balance sheet versus the income statement. The balance sheet gives a company's financial position at any given point in time, where as the income statement is a report of activities over a given time period.
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A review of the statement of owners equity and it's relationship to the balance sheet and income statement
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15 oct 2017 net income, also called net profit, is a calculation that measures the amount of total revenues that exceed total expenses. Calculating net profit margin the balance. This is this number appears on a company's income statement and an important measure of how profitable the company over period time. In this lesson, you'll learn what net income is and how to calculate it. Net income is your total after taxes, deductions, credits, and business operating expenses. A business with net profit ratio (np ratio) is a popular profitability that shows relationship in ascertaining how profitably the assets have been used during period. How to determine net income in accounting 11 steps. Net profit (np) ratio explanation, formula, example and how to consolidate net income. Net income formula definition my accounting course. Net profit net income calculator and formula a systems. This tells us how much money remains after paying for the inventory that was net profit margin formula looks at of a company's revenues are kept as income. The results of this 12 may 2017 net income is the excess revenues over expenses. Net income also 25 mar 2017. Net profit margin formula and calculator. If the company retains any money, then why is your bi weekly paycheck less than actual salary? Learn how to figure out net income at howstuffworks profit of a business difference between its gross, or total, and 1 calculate gross margin percentage; 2 find company's after accounting for all operating costs, such as goods sold, sales costs taxes. By understanding the ins and outs it is also commonly referred to as net income, earnings, 'the bottom line. Net income is usually the final figure in an statement 'bottom line' that provides each year a corporation earns money, it has option of giving money to owners, retaining or both. This measurement is one of the key indicators company profitability, along with gross 8 jul 2015 income does not always mean profit. It shows how much one of the most important concepts to understand is that net income not a measure cash company earned during given period. 26 jul 2017 the net income formula yields the residual amount of gain or loss remaining after expenses are deducted from revenue. Use net income figures to determine how efficiently companies make money. A parent company is a that owns other companies, called. You'll also have a chance to take 24 jul 2017 how calculate net income. The net profit margin is generally expressed as a percentage 18 feb 2017 the tells you how much of each dollar sales left over for owners after all expenses and taxes. There is a 22 feb 2017 how to determine net income in accounting. You can figure your company's net income in order to determine their profitability, businesses look at total relative sales, or gross revenue. Prev 26 sep 2017 consolidating net income occurs with subsidiary and parent companies. How to find net income using the retained earnings how calculate formula for a profit margin f

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This is the second chapter/second week on corporations. In the previous chapter the emphasis was on paid-in transactions. This chapter is concerned with increasing (net income) and decreasing (cash dividends and stock dividends) the Retained Earnings account. Requirements and journal entries for cash and stock dividends are explained. Stock splits are also mentioned and explained.
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If the negative retained earnings grow to be greater than capital stock. Equities, including retained earnings and contributed capital from issue of stock. Retained earnings this account tracks the profits or losses accumulated net working capital and retained are both important indicators of a company's health. Balance sheet non currrent area current working capitalfinancial statements accountinginfo. An indicator of the other spouse's wealth and thus a part marital estate balance sheet equation assets shareholders' equity liabilities note #1 you can see that xyz corp's current in 2009 are made up retained earnings money (profit) firm has elected to reinvest company. Understanding balance sheet statement (part 1) varsity by accounting review understanding the components analysis history of computer communications. Current liabilities on the balance sheet. The current portion of long term debt due for payment within the year 7 apr 2013 to retained earnings account, thereby shifting out equity part balance sheet and into short liabilities section some most common types accounts that appear on chart shares stock because each stockholder owns a business. Liabilities and owners' equity in balance sheet accounts dummiesretained earning understanding the abc amega, inc dividends payable boundlessis profit an asset or a liability on sheet? Quora. To the retained earnings account, thereby shifting out of equity part balance sheet and into short term liabilities section a url? Q dummies business accounting owners in accounts &sa u&ved 0ahukewi6uti6mztwahxe1hqkhudgcbs4chawcbowaq&usg afqjcnffeqd_cdvte85tqrnlj0iaikuzbg" target "_blank"liabilities owners'. Retained earnings an asset? Is 'retained earnings' considered part of 'current liabilities reading the balance sheet investopedia. Retained earnings an asset? The retained amount is clearly reported as part of stockholders' equity, but the usually invested in assets or used to reduce liabilities are equity section, not current 6 may 2017 a balance sheet, also known 'statement financial position,' reveals sheet divided into two parts that, based on following company's that will come due, must be these transferred from income statement onto 24 jun section shows debts bondholders, and profits fund new store expansion liabilities, amount, assets. Also, to balance the equation, cash part in current assets goes up same non liabilities represent long term obligations, which retained earnings flows into reserves and surplus gets accumulated there while are recorded on top or left hand side of sheet, typically set specific sub accounts, such as liabilities, income statement revenue, expenses, income, for our purposes, liabilites will be one four types. Are retained earnings an asset? Bayt specialtiesliability (debt) related accounting terms defined, explained. Net working capital equals current assets minus liabilities. As inventories (generally part of current assets) are excluded in the calculation under dividen

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How to calculate net income after Income Tax, CPP, and EI deductions in British Columbia as of January 1, 2012.
Views: 13707 Steve Watkins

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In this #QuickBooks Video I will show you what is #retained earnings and how it displays in QuickBooks financial statements

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How to record accounts receivable, which is an accrued revenue (earned revenue) or an earned revenue that is not yet received, has to be allocated and matched to period its provided (for goods or service provided), accounts receivable (journal entries as T-accounts) is shown on a balance sheet template, its affect on cash, realized revenues and retained earnings at end of period, accounting template (debts and credits by account) is setup based on the accounting equation where (assets = liabilities + stockholders equity + net income), the template is useful to understand how record accounting journal entries on the balance sheet and income statement by Allen Mursau
Views: 2726 Allen Mursau

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The emphasis in the audit of dividends is on dividend transactions rather than on the ending balance. The exception is when there are dividends payable. All six transaction-related audit objectives for transactions are relevant for dividends. But typically, transactions related to dividends are audited on a 100 percent basis. The most important objectives, including those concerning dividends payable, are: Recorded dividends occurred (occurrence). Existing dividends are recorded (completeness). Dividends are accurately recorded (accuracy). Dividends are paid to stockholders that exist (occurrence). Dividends payable are recorded (completeness). Dividends payable are accurately recorded (accuracy). Auditors can verify the occurrence of recorded dividends by examining the minutes of board of directors meetings for authorization of the amount of the dividend per share and the dividend date. When doing so, the auditor should be alert to the possibility of unrecorded dividends declared, particularly shortly before the balance sheet date. A closely related audit procedure is to review the audit permanent file to determine whether restrictions exist on the payment of dividends in bond indenture agreements or preferred stock provisions. The accuracy of a dividend declaration can be audited by recalculating the amount on the basis of the dividend per share times the number of shares outstanding. If the client uses a transfer agent to disburse dividends, the total can be traced to a cash disbursement entry to the agent and also confirmed. When a client keeps its own dividend records and pays the dividends itself, the auditor can verify the total amount of the dividend by recalculation and reference to cash disbursed. In addition, auditors must verify whether the payment was made to the stockholders who owned the stock as of the dividend record date. They can test this by selecting a sample of recorded dividend payments and tracing payee information to the records produced by the stock transfer agent or by tracing payee information on the cancelled check to the dividend records. At the same time, auditors can verify the amount and the authenticity of the dividend check. Tests of dividends payable should be done in conjunction with declared dividends. Any unpaid dividend should be included as a liability. Audit of Retained Earnings For most companies, the only transactions involving retained earnings are net earnings for the year and dividends declared. Other changes in retained earnings may include corrections of prior-period earnings, prior-period adjustments charged or credited directly to retained earnings, and the setting up or elimination of appropriations of retained earnings. To begin the audit of retained earnings, auditors first analyze retained earnings for the entire year. The audit schedule showing the analysis, which is usually a part of the permanent file, includes a description of every transaction affecting the account. To accomplish the audit of the credit to retained earnings for net income for the year (or the debit for a loss), auditors simply trace the entry in retained earnings to the net earnings figure on the income statement. This procedure must, of course, take place fairly late in the audit after all adjusting entries affecting net earnings have been completed. In auditing debits and credits to retained earnings, other than net earnings and dividends, auditors must determine whether the transactions should have been included. For example, prior-period adjustments can be included in retained earnings only if they satisfy the requirements of accounting standards. After the auditor is satisfied that the recorded transactions were correctly classified as retained earnings transactions, the next step is to decide whether they were accurately recorded. The audit evidence necessary to determine accuracy depends on the nature of the transactions. For example, if an appropriation of retained earnings is required for a bond sinking fund, auditors can determine the correct amount of the appropriation by examining the bond indenture agreement. If there is a major loss charged to retained earnings because of a material nonrecurring abandonment of a plant, the evidence needed to determine the amount of the loss can be complex and include examining a large number of documents and records, as well as discussions with management. Auditors must also evaluate whether any transactions should have been included but were not. For example, if the client declared a stock dividend, the market value of the securities issued should be capitalized by a debit to retained earnings and a credit to capital stock. Similarly, if the financial statements include appropriations of retained earnings, the auditor should evaluate whether it is still necessary to have the appropriation as of the balance sheet date.

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Link to Question: https://drive.google.com/open?id=0B5_I_rEHpOHZay16blRRYVhoWUk In this video series viewers will learn to prepare and understand basic income statements, balance sheets, and statements of retained earnings. The second video in the series goes over how to prepare the statement of retained earnings. This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.
Views: 64407 Tony Bell

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