App for iPhone.
It is very important to see a business in numbers.
This App is a tool for understanding the most basic of basics about Financial Statements.financial-numbers.webnode.pageJoined September 2023
Balance Sheet is one of the Financial Statements.
Balance Sheet indicates a situation of a company’s property at a specific point in time.
We can say that Balance Sheet represents “STOCKS”.
Income Statement is one of the Financial Statements.
Income Statement indicates a…
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Agree?
We can say that “Accounting” is “The Language of Business”.
By utilizing accounting techniques, Financial Statements are prepared.
Financial Statements are statements that indicate a situation of a company’s property and its increase and decrease in numerical form.
To…
Our App aims to help users understand the most basic of basics about Financial Statements.
Financial Statements are statements that indicate a situation of a company’s property and its increase and decrease in numerical form.
By understanding the most basic of basics about…
We are often asked the following questions.
“I saw your website and your posts on X.
As a result, I feel like I understand the most basic of basics about Financial Statements.
Do I need to use your App?”
We answer such questions as follows:
Our App aims to help users…
Just by understanding the most basic of basics about Financial Statements, your view on business will change dramatically.⤴️
Financial Statements are statements that indicate a situation of a company’s property and its increase and decrease in numerical form.
Balance Sheet and…
We can say that “Accounting” is “The Language of Business”.
By utilizing accounting techniques, Financial Statements are prepared.
Financial Statements are statements that indicate a situation of a company’s property and its increase and decrease in numerical form.
To…
When the company does something, Balance Sheet moves.
Unlike that, Income Statement moves only if the company makes transactions that increase or decrease Profit.
In this video, there are following phases.
0:03 Establish (Establish the company with 100 in capital)
0:10 Borrow…
When the company does something, Balance Sheet moves.
Non-Operating Expenses are expenses unrelated to a company’s core business operations (e.g. Interest Payments etc.).
When the company pays Non-Operating expenses, the consideration directly leads to a decrease in profit.…
When the company does something, Balance Sheet moves.
In business, the company sometimes gains Non-Operating Income (Income the company earns on activities not related to its core business operations (e.g. Interest Income etc.)).
When the company gains Non-Operating Income, the…
When the company does something, Balance Sheet moves.
In doing business, the company needs to pay SGA (Selling, General & Administrative Expenses (e.g. Salaries, Rent, Utilities etc.)).
When the company pays SGA, the consideration directly leads to a decrease in Profit.…
When the company does something, Balance Sheet moves.
When the company purchases merchandise, the consideration just changes to merchandise of the same amount.
Therefore, Assets do not change.
When the company sells merchandise, merchandise is converted into the consideration…
Financial Statements are statements that indicate a situation of a property and its increase and decrease in numerical form.
Financial Statements are complicated for many people.
In fact, complete understanding of Financial Statements is not absolutely necessary.
Just by…
When the company does something, Balance Sheet moves.
When the company withdraws money from a bank, Deposits just change to Cash of the same amount.
Therefore, Assets do not change.
In this video, when the company withdraws money (30) from a bank, Deposits (30) change to Cash…
When the company does something, Balance Sheet moves.
When the company borrows money that is expected to be paid within one year, Assets and Liabilities increase.
This Liability is classified into “Current Liabilities”.
In this video, when the company gets a bank loan…
When the company does something, Balance Sheet moves.
When the company makes capital investments, the consideration just changes to Non-Current Assets of the same amount.
Therefore, Assets do not change.
In this video, when the company purchases Buildings (35), Vehicles (30),…
When the company does something, Balance Sheet moves.
When the company sells merchandise, merchandise is converted into the consideration exceeding the Purchase Price.
Therefore, Assets increase by the amount of Profit.
In this video, when the company sells merchandise…
When the company does something, Balance Sheet moves.
In wholesale or retail trade, when the company purchases merchandise, the consideration just changes to merchandise of the same amount.
Therefore, Assets do not change.
In this video, the company purchases merchandise for…
When the company does something, Balance Sheet moves.
In business, it is important to use not only Shareholders’ Equity but also Liabilities efficiently.
Also when the company gets a bank loan, Balance Sheet moves.
In this video, when the company gets a bank loan (Long-term…
Balance Sheet is one of the Financial Statements.
Balance Sheet indicates the company’s Financial Position.
When the company does something, Balance Sheet moves.
When the company is established, Capital Stock is paid into the company’s bank account by shareholders.
At that…
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