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How To Calculate 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.
Views: 62713 Accounting University
Accounting Equation; Retained Earnings; Net Income; Dividends - video
 
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"What is Financial Accounting and Bookkeeping" - eBook JUST RELEASED! ONLY $.99 @ http://tiny.cc/m7slmw (FREE Sample - see details below) "What is Financial Accounting and Bookkeeping" is available in multiple formats including Kindle, iPad/iBooks, Kobo, Sony Reader, Nook, and PDF! "What is Financial Accounting and Bookkeeping" introduces integral accounting vocabulary, concepts and principles to give a foundation for learning accounting. Using conversational style language, the discussion on the differences in financial and managerial accounting give the reader a clear understanding of what financial accounting is. "What is Financial Accounting and Bookkeeping" provides step-by-step guidance through the accounting equation: (1) how to use the accounting equation in analyzing business transactions, and (2) using the accounting equation and transactional data information to later prepare financial statements and how those financial statements are linked together. "What is Financial Accounting and Bookkeeping" contains an accounting quiz and example accounting exam questions, with solutions, and a glossary of terms. -- The Accounting Equation by TheAccountingDr covers what the accounting equation is and how we use the accounting equation to solve for unknown amounts (i.e. assets, liabilities, owners' equity). In addition, there is a short description of retained earnings and how it is affected by net income and dividends. Find this the accounting equation video with complete transcript of lecture notes at http://theaccountingdr.hubpages.com/hub/Accounting-Equation The Accounting Equation video by TheAccountingDr @ http://youtu.be/x1fHKYRQdRk Other videos in this series: Part 1 - Accounting Terms and Accounting Principles Part 3 - Revenue Recognition Principle and Matching Principle Part 4 - Financial Statements -- Thank you all for your wonderful support. Because of your support we have been able to reach and help numerous accounting students. Please continue to be a part of our mission to help other accounting students be successful by giving our videos thumbs up and adding our videos to your favorites. -- For more accounting/how to eLectures (and accompanying lecture notes), blog, FAQs and ebooks visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad). Visit www.TheAccountingDr.com to watch the videos on non-Flash enabled devices.
Financial Statements: Income, Retained Earnings, Balance Sheet, Cash Flow - Accounting video
 
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"What is Financial Accounting and Bookkeeping" - eBook JUST RELEASED! ONLY $.99 @ http://tiny.cc/m7slmw (FREE Sample - see details below) "What is Financial Accounting and Bookkeeping" is available in multiple formats including Kindle, iPad/iBooks, Kobo, Sony Reader, Nook, and PDF! "What is Financial Accounting and Bookkeeping" introduces integral accounting vocabulary, concepts and principles to give a foundation for learning accounting. Using conversational style language, the discussion on the differences in financial and managerial accounting give the reader a clear understanding of what financial accounting is. "What is Financial Accounting and Bookkeeping" provides step-by-step guidance through the accounting equation: (1) how to use the accounting equation in analyzing business transactions, and (2) using the accounting equation and transactional data information to later prepare financial statements and how those financial statements are linked together. "What is Financial Accounting and Bookkeeping" contains an accounting quiz and example accounting exam questions, with solutions, and a glossary of terms. -- The Financial Statements video by TheAccountingDr at http://youtu.be/Q0pYOrgULdQ discusses the four financial statements, what the statements are made up of and how all the statements are related. There are four financial statements: Income Statement, Statement of Retained Earnings, the Balance Sheet and the Statement of Cash Flows. These financial statements have a relationship that not only binds them together but requires creation in a specific order. Net income from the income statement is the difference between revenues and expenses. This number, net income, is then carried over to the statement of retained earnings to derive ending retained earnings. The ending retained earnings is then used in the owners' equity section of the balance sheet. Recall that the balance sheet is also the accounting equation and can be presented in one of two forms: report form or account form. Find this video with complete transcript of lecture notes at http://theaccountingdr.hubpages.com/hub/Accounting-Equation Other videos in this series: Part 1: Accounting Terms and Principles Part 2: The Accounting Equation Part 3: Revenue Recognition Principle and Matching Principle -- Thank you all for your wonderful support. Because of your support we have been able to reach and help numerous accounting students. Please continue to be a part of our mission to help other accounting students be successful by giving our videos thumbs up and adding our videos to your favorites. -- For more accounting/how to eLectures (and accompanying lecture notes), blog and a discount textbook-store visit www.TheAccountingDr.com Please note that videos may require Flash media and may not play on devices without Flash capabilities (i.e. iPad). Visit www.TheAccountingDr.com to watch the videos on non-Flash devices.
Retained Earnings
 
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This video explains what the retained earnings account is in the context of financial accounting and provides an 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 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: 42468 Edspira
Retained Earnings Example
 
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This video shows how the Retained Earnings (and Accumulated Deficit) account changes over time. Retained Earnings is a Stockholders' Equity account that represents the accumulated profits since the company's formation, minus any dividends that were distributed to the company's shareholders. The Retained Earnings account is not the same as the Cash account, however. Retained Earnings increases when the company posts Net Income and decreases when it posts a Net Loss or declares Dividends. If the Retained Earnings account becomes negative, it is referred to as Accumulated Deficit. When a company has an Accumulated Deficit, this means the company's past losses (and dividends distributed) exceed its past profits. Accumulated Deficit reduces the total Stockholders' Equity of the firm. 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: 12081 Edspira
Statement of Cash Flows:  How to Calculate Dividends
 
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This video shows how to calculate the amount of dividends for the financing section of the Statement of Cash Flows. The amount of dividends can be determined if you know the Net Income (or Net Loss) and the beginning and ending balances of Retained Earnings (or Accumulated Deficit; this is the name of Retained Earnings when it has a debit balance because the firm has accumulated losses). 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: 7963 Edspira
Accounting for Beginners #37 / Net Income / Income Statement / Balance Sheet / Accounting Basic
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #37 / Net Income / Income Statement / Balance Sheet / Accounting Basics. I will be attempting to talk about Net Income in this video. Net Income is the only item that is on both the Balance Sheet & The Income Statement. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA
Views: 14819 CPA Strength
Balance Sheet and Statement of Retained Earnings
 
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This statement presents the balance sheet and statement of retained earnings for MBA 601.
Views: 14650 srauterkus
Lesson 6   Net Income
 
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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
Consolidate Financial Statements | Income Statement | Retained Earnings | CPA Exam Questions
 
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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]
Net Income on the Income Statement
 
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A video tutorial by PerfectStockAlert.com designed to teach investors everything they need to know about Net Income on the Income Statement. Visit our free website at http://www.PerfectStockAlert.com
Views: 1959 Perfect Stock Alert
Accounting for Beginners #85 / Net Income to Retained Earnings / Balance Sheet  / Widget INC #13
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #85 / Net Income to Retained Earnings / Balance Sheet / Widget INC #13. I am super excited to bring you my Widget Inc series where we go through 2 years of a business cycle by performing Journal Entries and what corresponds to those Journal Entries via the Chart of Accounts, General Ledger, Balance Sheet & Income Statement. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 1428 CPA Strength
Income Statement Merchandising Operations (Net Sales, Gross Profit, Net Income)
 
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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
Retained Earnings explained
 
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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!
Retained Earnings vs. Net Income
 
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This video discusses the difference between Retained Earnings and Net Income. Net Income is the profit that a company earned over a set period of time, such as a month, quarter, or year. Net Income is presented on the Income Statement. Retained Earnings is the accumulated profits of the company since its inception, minus any dividends distributed. Retained Earnings thus represents profits that have been reinvested in the business. Retained Earnings appears in the Stockholders' Equity section of the Balance Sheet. Retained Earnings and Net Income are related in that Net Income increase Retained Earnings. For example, let's say you start a company today and in your first year of business post a Net Income of $40,000. If you don't distribute any dividends, your Retained Earnings at the end of the first year will be $40,000. If you then post a Net Income of $30,000 in your second year of business and again do not declare a dividend, your Retained Earnings balance will be $70,000 at the end of year 2. 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: 249 Edspira
How to Determine Net Income or Loss (Accounting Principles)
 
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Accounting Principles - How to Determine Net Income or Loss
Views: 25091 Matthew Origoni
Retained Earnings formula
 
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This video shows the formula for Retained Earnings. The ending balance of Retained Earnings is equal to the beginning balance of Retained Earnings, plus the Net Income (or minus the Net Loss) for the period, and minus any dividends declared during the period. The video provides an example of the Retained Earnings formula using actual financial data for the grocery store chain Kroger. 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: 167 Edspira
Retained Earnings on the Balance Sheet
 
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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
Views: 22056 Perfect Stock Alert
Retained Earnings Accounting (Affected By Net Income, Dividends Paid) B/S & I/S Accounts
 
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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
How the Balance Sheet and Income Statement are Connected
 
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This video shows how the balance sheet and income statement are related to one another. The income statement includes temporary accounts that are netted to compute "Net Income." At the end of the year, these temporary accounts are closed out (their balances are made to equal zero) and the Net Income (or Net Loss) is transferred to the permanent balance sheet account "Retained Earnings." The temporary account "Dividends" is also closed out at year-end to the permanet balance sheet account "Retained Earnings." Thus, the result of the income statement (Net Income or Net Loss) is transferred to a permanent balance sheet account. Thus, the income statement and balance sheet are connected through Net Income (or Net Loss) and its effect on Retained Earnings. 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 This video was funded by a Civic Engagement Fund grant from the Gephardt Institute for Civic and Community Engagement at Washington University in St. Louis.
Views: 5329 Edspira
Statement of Retained Earnings | Intermediate Accounting | CPA Exam FAR | Chp 4 p 7
 
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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,
What is Net Income?
 
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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/
Retained Earnings Ending Balance MC
 
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Chapter 4
Views: 2458 SusanCrosson
Accounting Cycle Step 8: Closing Entries to Retained Earnings
 
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Help us caption & translate this video! http://amara.org/v/FvP5/
Views: 11082 ProfAlldredge
Income Statement, Cont'd: EBITDA, Net Income
 
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Brought to you by StratPad: Simple Business Plan App. Try it free at http://www.stratpad.com This video completes our look at the income statement. You'll learn about EBITDA, what it stands for and how to calculate it. You'll arrive at net income and finish off your income statement. http://www.stratpad.com/income-statement-ebitda-net-income/ Video Transcript Welcome back to the income statement. While you were gone, I just rewrote this and shortened some of the long words: Cost of goods sold has now become COGS and that's how people would pronounce it General and administrative is now G&A Research and development is now R&D Sales and marketing is now S&M It just cleans it up a little bit. You know that this ($7,500) is called gross profit. Gross profit minus the total of the expenses is equal to this subtotal here ($1,500), which has, as I mentioned last time, the longest name of a subtotal in the history of financial statements. I can't even write it out so I'll give you the abbreviation, which is EBITDA and that stands for "earnings before interest, taxes, depreciation and amortization." And this represents your operational profitability — the profitability of your operations. If this number here is positive, you're making money; you're profitable. And if this number is negative, it means that for this period of time, you've suffered a loss and you're not profitable. And, as the name suggests, earnings before interest, taxes, depreciation and amortization, this gap here is going to be filled with interest, taxes, depreciation and amortization. Let me show you. If you're depreciating any assets this month—you should talk to your accountant about this—you'll put a value here; let's say no. If you're paying any interest on a bank loan, you can put the interest amount here; let's say that you paid $100 to the bank. And, if you are paying any income taxes in this particular period, you would put this here; let's say no. Then you simply subtotal that; you simply take the $1,500 less the depreciation, interest and income taxes and you come up with a new subtotal which is $1,400. Then, of course, you double-underline it, which means you've come to the end of the financial statement and you're done. Well, congratulations, the income statement is done. One down, two to go.
Views: 23995 Alex Glassey
Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics. I will be attempting to talk about Retained Earnings in this video. The Net Income on the last day of the year turns into Retained Earnings on the first day of the Accounting Period. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 13091 CPA Strength
ACCA F7 - Consolidated SOFP #3 - Post Acquisition Retained Earnings
 
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Recorded with https://screencast-o-matic.com
Views: 469 kerumble
How Do You Close Net Income To Retained Earnings?
 
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"How Do You Close Net Income To Retained Earnings? Watch more videos for more knowledge How Do You Close Net Income To Retained ... https://www.youtube.com/watch/RQmkSQKQKAY Accounting Cycle Step 8: Closing Entries to ... https://www.youtube.com/watch/9vC45xqJFMw Retained Earnings Accounting (Affected By Net ... https://www.youtube.com/watch/b7NKzgGFpE4 How to Prepare Closing Entries (Financial ... https://www.youtube.com/watch/4H_ImqWR5f4 Income Summary Account (Temporary Account ... https://www.youtube.com/watch/o66hl_wX97I How To Calculate Retained Earnings - YouTube https://www.youtube.com/watch/lrAaa_D6rVQ How Do You Close The Income Summary Account ... https://www.youtube.com/watch/7JlyiEyGcoE Retained Earnings Accounting (What Is Retained ... https://www.youtube.com/watch/bKJrZwwP440 How Do You Calculate Net Income From Retained ... https://www.youtube.com/watch/ksFpL4phZ-4 Retained Earnings Example - YouTube https://www.youtube.com/watch/NPAEQaCY6UY How Do You Close The Income Summary Account ... https://www.youtube.com/watch/EgqcPiWmC5s Accounting Equation; Retained Earnings; Net ... https://www.youtube.com/watch/x1fHKYRQdRk How to Prepare Closing Entries and Prepare a Post ... https://www.youtube.com/watch/nNTFxSMgZrk Accounting for Beginners #38 / Retained Earnings ... https://www.youtube.com/watch/Dr-17wss9kY Problem 17 Retained Earning at the End of Last ... https://www.youtube.com/watch/pVmdIWFBb9w Financial Statements: Income, Retained Earnings ... https://www.youtube.com/watch/Q0pYOrgULdQ Restrictions of Retained Earnings - YouTube https://www.youtube.com/watch/uYJSsaVz5pE How the Balance Sheet and Income Statement are ... https://www.youtube.com/watch/Lq4zu6F9aEs What Is Retained Earnings In Accounting? - YouTube https://www.youtube.com/watch/6K6L4ENLsLg Closing Entries | Post-Closing Trial Balance ... https://www.youtube.com/watch/J0H-VnmxLnY"
Views: 422 Tip Tip 3
#1 Cost of Capital [Cost of Debt, Preference Shares, Equity and Retained Earnings] ~ FM
 
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Described the procedure and concept to calculate cost of Debt, Cost of Preference Shares, Cost of Equity and Cost of Retained Earnings. Student can also watch the following lectures related with the Financial Management : 1. Capital Budgeting (Introduction) - Financial Management : https://www.youtube.com/watch?v=ZOaGNDmKpzo 2. Present Value of Perpetuity : https://www.youtube.com/watch?v=gVxvJ_JTiug 3. Time Value of Money (Introduction) - Financial Management : https://www.youtube.com/watch?v=oeox8DLagHU 4. Leverage Analysis (Introduction) Financial Management : https://www.youtube.com/watch?v=3l1iB_-xZBw 5. Cash Budget (Introduction) : https://www.youtube.com/watch?v=s1Yx5bFOZfo 🔴 Connect on Facebook : https://www.facebook.com/ca.naresh.aggarwal 🔴 Download Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing 🔴 Connect with Google+: https://plus.google.com/u/0/+CANareshAggarwal #CostOfCapital #FinancialManagement
Views: 145345 CA. Naresh Aggarwal
Chap 14 Lecture: Corporations -- Retained Earnings
 
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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
Why Do You Use Net Income to Calculate Return on Assets (ROA)?
 
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You’ll learn why you pair Net Income with Return on Assets (ROA) in this lesson, as well as a rule of thumb you can use to determine how you can pair up other Income Statement metrics like Operating Income and NOPAT with the appropriate Balance Sheet metric when calculating returns-based ratios. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" QUESTION: In the Return on Assets (ROA) calculation, why we do use Net Income? Shouldn’t we use Net Operating Profit After Taxes (NOPAT) instead since Assets represent both equity and debt investors? Return on Assets = Net Income / Average Assets It tells you how efficiently a company is using all its assets to generate profits, or how *dependent* a company is on its assets. It’s useful for comparing similar companies in an industry and seeing which ones are operating most efficiently. Other, similar metrics include Return on Equity (ROE), defined as Net Income / Average Equity, and Return on Invested Capital (ROIC), defined as NOPAT / Average Invested Capital. NOPAT = Operating Income * (1 – Tax Rate), and Invested Capital = Common Equity on the Balance Sheet + Debt + Preferred Stock + Other Possible Long-Term Funding Sources. You use Net Income with Total Assets and Equity because of the definitions of Equity Value and Enterprise Value: Equity Value: The value of ALL the company’s Assets, but ONLY to equity investors (common shareholders). Enterprise Value: The value of ONLY the company’s Core Business Assets, but to ALL investors (equity, debt, preferred, and possibly others). These pairings apply not just to valuation multiples, but also to financial metrics and ratios such as ROA, ROE, and ROIC. Net Income is only available to common equity investors because debt investors have already “been paid” with the interest they received. You subtract this interest on the Income Statement before arriving at Net Income. As a result, Net Income pairs with Equity on the Balance Sheet, Equity Value in valuation, and ALL the assets on a company’s Balance Sheet. It’s the same idea for ROE: you use Net Income because Net Income pairs with Equity on the Balance Sheet. For ROIC, NOPAT is available to ALL the investors in the company because debt investors have not yet received interest, and Preferred investors haven’t received anything, either. So you pair it with Invested Capital on the Balance Sheet, Enterprise Value in valuation, and ONLY the core business assets on a company’s Balance Sheet. So if you wanted to use NOPAT with a company’s Assets, you’d have to subtract out the non-core-business ones and create a new metric, something like “Core Business Assets.” For example, you might take a company’s Total Assets and subtract out cash, investments, equity investments, and anything else related to side activities (i.e., NOT creating and selling products to customers). And then you could pair NOPAT with this new metric: NOPAT / Core Business Assets. Maybe you could call it “Return on Core Business Assets,” or ROCBA. RESOURCES: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-19-Return-on-Assets-Net-Income-Slides.pdf
The Accounting Equation
 
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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.
Views: 156187 SuperfastCPA
Balance Sheet and Income Statement
 
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Depreciation https://www.youtube.com/watch?v=9wk0aWwduoY Pro Forma Income Statement https://www.youtube.com/watch?v=IQRlXiXBjcE Statement of Cash Flows https://www.youtube.com/watch?v=3WMnkSdk64E Financial Statement Articulation https://www.youtube.com/watch?v=kgJDE-JKgNs
Views: 120849 Ronald Moy
Statement of Owners Equity
 
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A review of the statement of owners equity and it's relationship to the balance sheet and income statement
Views: 71672 mattfisher64
Things that affect Retained Earnings
 
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This video lists the various things that increase or decrease the Retained Earnings (or Accumulated Deficit) account. The three most common things are Net Income (increases Retained Earnings), Net Loss (decreases Retained Earnings), and Dividends (decreases Retained Earnings if it is a cash, scrip, property, or stock dividend). Prior period adjustments due to accounting errors and certain changes in accounting principle (e.g., switching from FIFO to LIFO) can cause Retained Earnings to increase or decrease. If the firm engages in a quasi-reorganization this would increase Retained Earnings, as the purpose of a quasi-reorganization is to eliminate a deficit. Retained Earnings may decrease if the firm sells Treasury Stock for less than its cost; the difference is first drawn down against the Treasury Stock Paid-in Capital account with any remainder reducing the balance of Retained Earnings. 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: 8532 Edspira
Owner's Equity | Accounting | Chegg Tutors
 
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Owner's equity is the measure of a company's net worth and is calculated by subtracting total liabilities from total assets. Also called shareholder's equity or book value, owner's equity comes from two main sources. The first source is paid-in capital (capital received from investors in exchange for stock in the company). The second source is retained earnings that the company has accumulated during the course of its operations. Owner's equity is often used to determine the value of a business when it is sold by its owner or shareholders. Owner's equity = Total assets – Total Liabilities ---------- Accounting tutoring on Chegg Tutors Learn about Accounting terms like Owner's Equity on Chegg Tutors. Work with live, online Accounting tutors like Mark D. who can help you at any moment, whether at 2pm or 2am. Liked the video tutorial? Schedule lessons on-demand or schedule weekly tutoring in advance with tutors like Mark D. Visit https://www.chegg.com/tutors/Accounting-online-tutoring/?utm_source=youtube&utm_medium=video&utm_content=managed&utm_campaign=videotutorials ---------- About Mark D., Accounting tutor on Chegg Tutors: Certified Public Accountant, Class of 2013 Accounting major Subjects tutored: Finance, English, Marketing, Writing, Accounting, Study Skills, Microsoft Excel, Business, and Entrepreneurship TEACHING EXPERIENCE I have tutored students in business and accounting for 4 years, both in-person and online. My experience extends from high school to graduate students, and I am able to seamlessly adapt to your skill level. I would love to help out any students with problem sets that they have been assigned or simply help them gain a better grasp on a concept. EXTRACURRICULAR INTERESTS I was born and raised in Pittsburgh, PA but have spent the majority of the last 5 years in Washington, DC. I majored in accounting and minored in international economics at GWU. My pastimes include running, volunteering with animals, and organized sports! I enjoy studying accounting very much, so please let me know if there is any way I can help! Want to book a private lesson with Mark D.? Message Mark D. at https://www.chegg.com/tutors/online-tutors/Mark-D-14769/?utm_source=youtube&utm_medium=video&utm_content=managed&utm_campaign=videotutorials ---------- Like what you see? Subscribe to Chegg's Youtube Channel: http://bit.ly/1PwMn3k ---------- Visit Chegg.com for purchasing or renting textbooks, getting homework help, finding an online tutor, applying for scholarships and internships, discovering colleges, and more! https://chegg.com ---------- Want more from Chegg? Follow Chegg on social media: http://instagram.com/chegg http://facebook.com/chegg http://twitter.com/chegg
Views: 20185 Chegg
How Do You Find The Net Income?
 
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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
Chapter 14 Lecture:  Corporations -- Retained Earnings (Spring 2013)
 
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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.
Views: 5943 oruaccounting
Is Retained Earnings Part Of Current Liabilities?
 
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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
Views: 402 Ask Question II
Calculating Net Income
 
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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
QuickBooks - What is Retained Earnings?
 
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In this #QuickBooks Video I will show you what is #retained earnings and how it displays in QuickBooks financial statements
Accounts Receivable Affect On Cash, Revenue And Retained Earnings End Of Period
 
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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
Auditing of Dividends and Retained Earnings | Auditing and Attestation | CPA Exam
 
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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.
Statement of Changes in Equity / What is the Net Income? / Accounting for Beginners #123 / Elevate
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!! Statement of Changes in Equity / What is the Net Income? / Accounting for Beginners #123 / Elevate MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics #Accounting #Exercise #CPA
Views: 624 CPA Strength
What is Net Income?
 
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Views: 1731 The Motley Fool
Accounting - Unit 1 - Part 3 - Statement of Retained Earnings
 
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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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