[FABM2] Lesson 037 - Statement of Changes in Equity
Summary
TLDRThis video script is an educational lesson on accounting principles, focusing on the preparation of income statements for different business entities such as proprietorships, partnerships, and corporations. It covers the elements of an income statement, the calculation of net income, and the statement of changes in equity. The lesson aims to guide students through the process of understanding and creating financial reports, emphasizing the importance of capital balance and its adjustments throughout the accounting period.
Takeaways
- 📚 The script is a lesson on accounting principles, focusing on the preparation of income statements and the understanding of different business organization forms.
- 🏫 It is intended for students at Season Thirty-Seven Senior High School, part of a constructive accounting course.
- 🔍 The lesson covers the review of elements of an income statement, including revenue, expenses, and the preparation of both single-step and multi-step income statements.
- 📈 The method of natural expense is discussed, which is important for the preparation of income statements.
- 👨🏫 The instructor encourages students to like and subscribe for support, indicating that the content is part of an online learning series.
- 🌐 Reference is made to the impact of the pandemic on self-study and online learning, suggesting the lesson is part of a response to educational challenges.
- 📈 The script mentions various forms of business organizations, such as sole proprietorship, partnership, and corporation, and how they affect equity.
- 💡 The importance of understanding the statement of changes in equity, including the beginning and ending balances, additional investments, net income, and withdrawals, is highlighted.
- 🔑 The script provides an example of how to calculate the capital balance at the end of an accounting period, emphasizing the formula for net income.
- 📝 There are mentions of problems and exercises related to accounting for partnerships and corporations, indicating practical application of the concepts taught.
- 📚 The lesson concludes with an invitation to learn more about accounting for partnerships and corporations in subsequent lessons.
Q & A
What is the main topic of the video script?
-The main topic of the video script is accounting lessons, specifically focusing on the preparation of income statements and the understanding of different forms of business organizations.
What are the different forms of business organizations mentioned in the script?
-The script mentions sole proprietorship, partnership, and corporation as the different forms of business organizations.
What is the purpose of reviewing the elements of an income statement in the lesson?
-The purpose of reviewing the elements of an income statement is to understand the components that make up the financial performance of a business, including revenue, expenses, and ultimately, the net income or loss.
What is a single-step income statement and what is its purpose?
-A single-step income statement is a simplified financial statement that shows the company's revenues, deducts the expenses, and arrives at the net income or loss in one step. Its purpose is to provide a quick overview of a company's profitability.
What is a multi-step income statement and how does it differ from a single-step income statement?
-A multi-step income statement is a more detailed financial statement that breaks down the components of income into categories such as operating income, income from investments, and other gains or losses. It differs from a single-step income statement by providing a more comprehensive view of a company's financial performance.
What is the significance of understanding the preparation of an income statement?
-Understanding the preparation of an income statement is significant as it allows individuals to analyze a company's financial health, make informed decisions, and evaluate the company's profitability over a specific period.
What is the role of 'net income' in the context of the income statement?
-Net income represents the profit or loss of a company after all revenues and expenses have been accounted for during a specific period. It is a key indicator of a company's financial performance and is used to assess the overall success of the business.
What is the accounting equation, and how is it related to the capital balance in the script?
-The accounting equation is Assets = Liabilities + Equity. It is related to the capital balance in the script as the capital balance represents the equity of a sole proprietorship, and changes in capital are recorded based on the net income, additional investments, and withdrawals by the owner.
Why is it important to track the capital balance for different forms of business organizations?
-Tracking the capital balance is important as it reflects the financial position of the business and the owner's equity. It is crucial for making business decisions, assessing the performance of the business, and for compliance with accounting standards and regulations.
What is the script's approach to explaining the statement of changes in equity?
-The script explains the statement of changes in equity by starting with the beginning capital balance, adding additional investments by the owner, accounting for net income, and then subtracting any withdrawals by the owner to arrive at the ending capital balance.
How does the script address the concept of withdrawals and additional investments in the context of a sole proprietorship?
-The script addresses the concept of withdrawals and additional investments by showing how these transactions affect the capital balance of a sole proprietorship. Withdrawals reduce the capital balance, while additional investments increase it.
Outlines
📚 Introduction to Accounting for High School Students
This paragraph introduces an accounting lesson for students at a high school, specifically targeting constructive accounting principles. It mentions the expectation for students to review different forms of organizations and prepare income statements. The lesson includes elements of financial statements, single and multi-step income statements, and natural expense methods. The instructor encourages students to like and subscribe for support and mentions the relevance of accounting concepts for self-study during a pandemic.
🔍 Detailed Explanation of Capital Statement Preparation
The second paragraph delves into the preparation of capital statements, explaining the process from the beginning balance, additional investments, net income or loss, and withdrawals by the owner. It emphasizes the importance of understanding how these elements affect the capital balance at the end of the accounting period. An example is provided with specific figures to illustrate the calculation of the capital balance, including the impact of additional investments and net income on the final balance.
🧐 Solving Accounting Problems for a Trading Company
This paragraph discusses the solution to an accounting problem involving a trading company. It outlines the steps to calculate the capital balance, taking into account the beginning capital, additional investments, net income, and withdrawals by the owner. The explanation includes a formula for determining the net income and how it affects the ending capital balance. The paragraph also hints at the importance of understanding the accounting period and its impact on the capital statement.
🤝 Capital Statements for Partnerships and Corporations
The final paragraph focuses on capital statements for partnerships and corporations. It explains the concept of capital contributions, net income, and withdrawals in the context of these business structures. The paragraph provides insights into how these elements are accounted for in the capital statements of partnerships and corporations, emphasizing the distribution of profits and the calculation of retained earnings. It also touches on the importance of understanding the nature of equity components in these business forms.
Mindmap
Keywords
💡Accounting
💡Income Statement
💡Expense
💡Equity
💡Partnership
💡Corporation
💡Net Income
💡Capital Balance
💡Statement of Changes in Equity
💡Financial Statements
💡Proprietorship
Highlights
Introduction to Tsubasa counting lesson for accounting at Season Thirty Seven Senior High School.
Explanation of constructive accounting and the importance of reviewing different forms of organizations.
Learning objectives include understanding the elements of income statement, revenue, expense, and preparation methods.
Introduction to single-step and multi-step income statements and the function of expense.
Discussion on the preparation of income statements and accounting problems related to them.
Importance of understanding financial statements such as the balance sheet, income statement, and statement of comprehensive income.
The impact of business organization forms on equity and financial reporting.
Different types of business entities like sole proprietorship, partnership, and corporation.
Details on how net income and owner's drawings affect the capital balance in a business.
The process of calculating capital balance at the end of an accounting period.
Introduction to Statement of Changes in Equity and its components.
The significance of the accounting period and its relation to capital balance.
Case study on a trading business to illustrate the preparation of an income statement.
Problem-solving approach for accounting problems involving capital balance, net income, and withdrawals.
The concept of retained earnings and its role in the statement of changes in equity.
Differentiating between accounting for partnerships, proprietorships, and corporations.
The importance of understanding the capital account within each business structure.
Final thoughts on the importance of accounting in business operations and decision-making.
Transcripts
hai hello dear students welcome to site
tsubasa counting lesson study at the
season thirty seven senior high school
konstruktif accounting for three
andragogi pairing the segment of the
next ardian debit your expected to
review the different forms of these
organizations preparestatement khai of
partying corporation oke so when the
last season will learn the following
show review the elements of income
statement revenue expense website with
guns n roses and the new
learn how to prepare a single step
income statement ane multi-step income
statement to have without the function
of expense metode natural expense
message of the preparation of the income
statement and we also some sama counting
problems about the income statement oke
sutopo santai sebelum setup.exe income
statement prewedding vodka veltman jumpa
ngeplong fs kehilangan dateng betul oke
so before anything else please like and
subscribe today counting least one piece
thank you for your support anda
seandainya kartu yongying videos for
your online learning imejs pandemik
influenza mengenai self-study orden sama
gustom advance studi saham lelang
lessons for fbm yan enstomach students
review konsep tentang accounting yang
selamat support yang udah tahu
slide show agenan freeport non financial
statement sctv information about the
fans of possession finance officer for
much fun ntt ntt useful to a wide range
of users parasaan tombak ekonomi the
season that from each one presentation
of financial statement oke so naga wanna
ten young assets liabilities and equity
on the statement of income and expenses
including losses statement of
comprehensive income and construction
bye and contributions to understand the
capacity as on the statement of changes
in equity oke so alam nasi goreng khas
blouse oke so that the forms of
organizations and bekerja hilang
introduce sebagai tayo magnostadt untuk
senin
git keset the forms of business
organization will affect kong anung urai
itu renang segmentation equity nah
kehilangan hati ngepet oke software is
we have the soul proprietorship tipe
business credit to crash landing on you
picture saranghae berdecak cbn.net lex
oke and then we also help partnership
credit to the picture from blackberry
anda corporation credits to the texture
my golden life uang bomb it may change
from kriya broadcasting system oke so
please be when i read only one person on
the business but not literally sedang
d'omah gelombang sahabat4d sydney sayumi
are people
akhir-akhir senang employers kembaga
selang owner key about our safety about
how many people are working in the
company at about how many hours oke
koplak apartment two or more people
combining order ashland ampere
postnewstime namanya net income rw.no
operations megah hati-hati andela yuwono
flash net income oke defying the profits
among themselves and furious 6 in the
owner is the way that in the website
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forever the sound of the different forms
of these organizations can go back the
lessons on dvd much for the different
forms of the organization oke saw the
state of sciences in equity
the following items full fairing the
capitol statement for each step out
these should khoirul balance at the
start of any additional investment and
contribution by the owner and the net
income android warnet loss of the
company and withdrawals me by owner and
capital balance at the end of the
accounting period or adjust the capital
balanced remember that help setting-an
the accounting period is the capital of
the next accounting period di ending
balance the series the beginning balance
next usaha agen di ending balance the
year is the beginning balance naksir di
ending balance in vase accounting period
is the beginning balance in the next
period that clear oke so instead of
equity we start with the beginning and
dance
wia deni additional endorsement by the
owner and then we are the net income
senang gagal net income information
galangsa statement of comprehensive
income oke spheroid dogna t6n kung
sakali ngnet lotion citra is one key and
then we also the dark cold drawn by the
owner which will give your ending
capital balance and again the ending
capital at the beginning capital next
accounting period oke so much for the
free download thirty seven and the
lengket available in the description
boks oke so let's start let me with you
the problem recognation company is our
prayers trading business on by men
santos husband of writing successfully
for years now tkp
ia under the stars the accounting period
januari want to eat amounted to millions
seven eight nine ten di ntt android
income statement the owner however with
rukhsah m0dangan the way talking about
accounting oke selain di langsa on
strong working about accounting period
which comprises oke so we start with the
heading the name of the company and the
network the haves
menthok changers inequity friday ended
december 21st make so we start with the
capital balance from the previous
accounting period with two million seven
hundred eighty nine thousand six hundred
74w additional investment by the owner
amounting to four hundred thousand and
then we are the net income of seven
hundred eighty nine thousand six hundred
and with the drawn by the owner wssv
thousand software from the calculation
yubel get the capital balance at the
same with the one to exert amounting to
three millionaire threehundred anda tahu
you prepared statement of changes in
equity khss baik lelang keiko's depends
recommended online shop for you may be
taking a glance of
tauhid dan in partnership in corpore
soundtrack ytrd dpr masih adol oke so
let's try something so much fans dateng
gawe basah m problem ipo song with your
it raisa goten dan play the video agen
when you're ready to learn the solution
problem number one piece company started
the accounting period with capital
balance for hundreds thousand and the
devil you today capital building
software hanso 7400 during the period
the owner and investment of ten thousand
and personal growth of how much the net
income androidlost of the company
serving the period a-b-c ente shophouse
dvd ottrie answering the problem and
then placed against when you're ready
hai oke assuming that you have already
post the video and answer the problem
let's discuss the solution attention
because you're from the last breath
yonda tenkes you're doing ask.fn net
income question birthday amounts of
revenues and expenses not available at
might come from the capital balances oke
remember that begining capital
investments in kami nabi yunus heart now
with growth together ending karpet
nugget noe question saw your solution
should look like this oke the beginning
kapitalisme hanya thirty six thousand
years myadsnow investment.com keygen
imam i'm nothing without you by the
owner winning365.com
dapatkah knockon fitnatin babak you
follow the equations of sleeping ad juta
laga ponsel nabi yunus no telepon
handapna tinggi tna atma gagal angkasa
babak kyt balik tarimo shalat namun ia
atmo atlet nanga di lesmo some are saat
ini tagged net income is ending kapital
plus withdrawals minus additional
investment minus beginning capital
sonatine comments for hundreds of
thousands + 2000 minus tasyrik jonathan
come on off 2001 letter c i
hai oke so i hope you understand
khususnya with rekontama edi reforme
begini kapiten overheads tosan aji
edelweis fentosan addmenow.ned
incomplete touch key dan minho twenty
thousand dapat lebah super hundred
seventyfour thousand oke let's create
problems with ibm company's capital
balance of three hundred thousand on the
site won't allow
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thousand and personal owner withdrawals
amounted to exert husband in the faculty
of ada company to sustain operations
additional investments in the middle of
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over the moon two thousand browse by the
owner for personal use amounted to find
out how much should be reported by the
company as capital balance on the
desember itu exit pigmentation equity
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problem and played against when you're
ready to
hai oke assuming that i have already
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aroma zuhaira banteng nanda hilma rame
parangtritis yks tasbih lentek dxc
bentes 20xx remember angan statement of
changes in equity deret-deret lampu
pakaian tapikong aslinya di ending
capital of twenty xster begining
kapitalof 27nd ending kapitalof 21ns the
beginning capitals 20xx dan ulang sahid
to lose smufey deret-deret so tapi sulit
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mulang lahat now given ditosa for bilang
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nang ah twenty-eight di ending capital
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basement joined nalnet income neng
kitosan dan eminem without sanford 20
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sang ending badan semua 1x seven tri
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ntxx now naga renang ada sule investment
safety thousand pero net lose it's okay
santai 1xx imam minus monumen nyonya
forty thousand dan imam main smule young
web browser 20 snapfile thousands of the
capital balance out desember twin cities
threehundred itu jose letter bishoftu
problem nato each statement nah itu
encompasses two full years into your
langsa oke so i hope you understand our
multiple choice questions so i'll be
giving you a glance kunjungi curahnongko
statement for partnership alamnya nama
anaam partnership i-one baitu or more
people husna country futsal indonesia
partnership pasang gorden ngomongnya re
megha hati-hati selesai net income
songong itu renang capital statement
news it's fine army ngolum nang solo
proprietorship pisang partner legends
menang kolom shalat savegram pool den
jongkok has a rich silently oke so high
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capital account within each scene the
total aset kapital balance stop us now
beginning tapos edition konsep you
should add me on net income and
withdrawals kaze next ysn hati yan
setrum partner base saus vanila prediksi
lama pusat naik wall distribution or
prewedding marshmallow yin kasih mas
mendaki on-time keno contributes
partnership wedding march sih anggina
gowa nyelengi promo sounds very detail
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temaram inviting ikon shaders savage the
white nonprofit oke so ganyong itu
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accounting for partnership in
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such fun accounting part one down papago
usahakan 41 oke di bagian on pada
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contributions gas net income minus
withdrawal theron akan detail ilang per
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capital statement for corporations
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