And I’m going to say it’s going to be unrestricted. And then we don’t need anything here, the debit amount is going to be that 11 five, I believe is what we’re working with here. 11, five, yes, 11 500. We don’t need any any other categorization here. So we look good, the other side is going to be going out of that new account, we set up in the expenses, pp and e 8100. It’s also it’s going to be the fun should be unrestricted, I’m going to say unrestricted here, unrestricted. And then that’s going to be the credit of 11 500. Now, if you’re not good with with the debits and credits, obviously, if you went the wrong way, what would happen you’d see this account be doubled. And in that would be wrong way, right. And then you just switch the debits and credits, and you’d be back on so the total debits add up to the total credits, this is going to be our transaction.
In this presentation, we’re going to record a cash donation or contribution into our not for profit organization. Get ready because here we go with aplos. Here we are in our not for profit organization dashboard, we’re going to be jumping on over to Excel first to see what our objective will be. So here we are in Excel, we’re on tab two in our Excel worksheet, we’re going to be recording a cash donation. Now note, we’re going to be recording this as a one lump sum donation. But you can imagine we have multiple donations, that would be of a similar format.
Corporate Finance PowerPoint presentation. In this presentation, we will discuss breakeven analysis, get ready, it’s time to take your chance with corporate finance. Break Even analysis includes our fundamental tools for making projections and predictions into the future. Now note, when we think about breakeven analysis, the fundamental calculation within a breakeven analysis will be the break even point. But when we hear breakeven analysis in general, you can think of it that as a more broad kind of perspective, to use some of these tools in order to think about projections into the future. So when you hear breakeven analysis, you’re typically thinking kind of projections, budgeting, future based analysis, as opposed to some financial accounting, which is typically going to be based on the past prior performance.
Corporate Finance PowerPoint presentation. In this presentation we will discuss a pro forma balance sheet or budgeted balance sheet. Get ready, it’s time to take your chance with corporate finance pro forma balance sheet. As we think about the pro forma or budgeted balance sheet, let’s take a step back and see where it fits in with our projections with our pro forma statements, you’ll recall that the place we need to start then is going to be the sales projections, we need the sales projection, we’re first going to think about how far we’re going basically the activity type of statement. And then we’ll take that change that activity statement how far we went, like miles driven in and our income statement, and then we’ll tack on the beginning balance where the odometer was at at the beginning to get to the ending point, which is going to be the ending balance sheet.
Corporate Finance PowerPoint presentation. In this presentation, we will be discussing the cash budget Get ready, it’s time to take your chance with corporate finance, cash budget, as we consider the cash budget, let’s take a step back and think about the budgeting process. So we can think about where the cash budget will fit in it. So we got to start off with the sales projection, that’s going to be our first step. So we can think about the production plan if we manufacture inventory, or we think about the purchasing plan. If we purchase and sell inventory, then we can think about the pro forma income statement. Now the pro forma income statement is going to be on an accrual basis. But we also want to be considering the cash budget. So obviously, once we have once we start to construct the income statement, on an accrual basis, we can also think about what the cash flows will be.
Corporate Finance PowerPoint presentation. In this presentation, we will discuss Statement of Cash Flows Get ready, it’s time to take your chance with corporate finance statement of cash flows. So remember when we’re thinking about the financial statements, we can think about them as answering two major questions to users of the financial statements. For examples, if we’re thinking about investing to the company in some type of way, and are using the financial statements to help us make a decision with regards to that, we want to know where does the company stand at this point in time, what’s basically their worth at this point in time. For that we get help from the balance sheet, which is going to give us the assets liabilities, equity, assets, minus liabilities equals equity, which is basically the book value as of a point in time.
Corporate Finance PowerPoint presentation. In this presentation, we will go into more detail about the balance sheet. Get ready, it’s time to take your chance with corporate finance, balance sheet continued. Remember when we’re thinking about the financial statements, we can break them out to two separate objectives. If we’re considering this from an investor standpoint, that is, where does the company stand at a point in time, and what’s the likelihood or their earnings potential in the future, which we will typically based on past performance, therefore, you’re going to have the timing statement and the point in time type of statement. So when we think about the balance sheet, that’s going to be the point in time type of statements. So if you’re looking at the financial statements for the year ended December 31, the balance sheet will be as of the end of the period, in this case, December 31, as opposed to the timing statements, which are going to be the income statement being the primary statement that should come to mind measuring performance, which will be as of January through December 31 measure and how well we did for that range of time. So our focus over here is going to be on the balance sheet.
Advanced financial accounting PowerPoint. In this presentation we will discuss a situation where there is a sale of inventory or transfer of inventory from parent to subsidiary, the subsidiary not having yet sold the inventory. So in that sense, we have an intercompany type of transfer. When we consider the parent and subsidiary as a whole with regard to a consolidation process, the parent sold to the subsidiary the inventory, the subsidiary still holding on to that inventory has not resold it externally at this point, get ready to account with advanced financial accounting. What we want to do now is think about the transaction on p side and then on SSIS, and then what the elimination entry will be. So there’s a couple ways you can think about this, you can kind of memorize what the elimination process will be what the elimination entry will be and put together worksheets to do that elimination process kind of by just routine by just filling out the worksheet. And then you also want to analyze the worksheet and think about it in detail in terms of what is actually happening.
Advanced financial accounting. In this presentation we’re going to discuss an intercompany transaction where a parent makes a sale to a subsidiary and then the subsidiary resells it. In other words, we have this intercompany transaction, we want to think about how that is constructed. And then how we can do the reversing entry for it or a consolidation entry in the case of a consolidation of a parent and subsidiary in a consolidated financial statements, get ready to account with advanced financial accounting. So within a situation where we have a sale from P to s, and then S sells it to an outsider remember that as it goes to the outsider, that’s going to be the legitimate type of so that’s the arm’s length transaction, the sale from PETA is not so and therefore we kind of have to eliminate that. Now if it’s been sold to an outsider, then we have a situation where the inventory is still gone. There has been a sale being taken place. And so we so that’s good, but we still have to do the reversal of part of that intercompany transfer and it’s gonna boil down At the end of the day, basically debiting, the revenue account reversing revenue, and reversing the cost of goods sold. So this is the boiled down version. Now if you think about it, you might say what happy because if p sales to s, then you’re going to like debit cash credit, you know, you’re going to credit the sales, and then you debit cost of goods sold, and credit inventory and then asked is going to be recorded cash, and then they’re gonna be recording, then the other side go into inventory, and then right, there’s more, and then they made the sale to the outsider. So how do we boil this down? How does the intercompany boil down to just this right? We kind of kind of have an idea of that in our mind.
Advanced financial accounting PowerPoint presentation. In this presentation we will discuss consolidated Statement of Cash Flows get ready to account with advanced financial accounting, consolidated statement of cash flows. So the consolidated Statement of Cash Flows we have a parent subsidiary relationship parent owning over 51% of the subsidiary therefore, we have the consolidated financial statements which of course includes the consolidated statement of cash flows. So, when we think about the consolidated statement of cash flows, we’re basically thinking about those areas where the cash flow statement will be different from a normal cash flow statement, which is one company or one business if you want to learn more about the cash flow statement, and I do recommend looking more into the cash flow statement because it’s one area where even in public accounting, oftentimes people don’t have as good a grasp on it as they could and some people are really good at reading it but don’t really understand as much of how to put it together in a room. systematic way even if there’s going to be, or especially when there’s going to be complexities to it. So we do have a course on the statement of cash flows, which we believe puts together a nice, simple, simple way in a systematic way to go through putting the statement of cash flows in such a way that, that you can do it in a step by step process. And then if you make an error, you can go back and you should be able to find that error easily and not have to kind of start the whole thing over again.