The accounting equation forms the basis of financial accounting and requires that assets always equal liabilities plus owners' equity. Transactions are analyzed to determine their impact on this equation. The balance sheet presents the accounting equation at a point in time, showing assets, liabilities, and owners' equity. The income statement and statement of owners' equity analyze changes over a period of time, with revenues and expenses impacting owners' equity on the income statement and investments and withdrawals impacting it on the statement of owners' equity.
The document discusses key concepts in financial accounting, including the accounting equation (Assets = Liabilities + Owners' Equity), transaction analysis, revenues, expenses, and adjustments. It explains that the accounting equation must always balance, and transactions may affect asset, liability, or owners' equity accounts. Revenues increase owners' equity while expenses decrease it. Interest is computed based on principal, interest rate, and time period.
Accounting and management unit one and basicsmbadepartment5
The document discusses key concepts in financial accounting including the accounting equation, assets, liabilities, owners' equity, revenues, expenses, and transactions. It explains that the accounting equation is Assets = Liabilities + Owners' Equity and must always balance. Transactions are analyzed to determine their impact on accounts to maintain the balance of the equation. Revenues increase owners' equity while expenses decrease owners' equity.
The document discusses key concepts in financial accounting including the accounting equation, balance sheets, income statements, and owners' equity. It explains that the accounting equation is Assets = Liabilities + Owners' Equity and must always balance. Transactions are analyzed to determine their impact on the equation. Financial statements like the balance sheet and income statement are prepared at the end of an accounting period to summarize a firm's financial position and performance.
Ammad awan glasgow - basic concepts of financial accountingAmmadAwanGlasgow
Ammad Awan Glasgow says account manager’s are successful if they are good at networking, and building and sustaining relationships. Their business and potential to make money depends on how well they manage in those areas.
This document provides an overview of basic financial accounting concepts, including the accounting equation, balance sheets, assets, liabilities, owners' equity, revenues, expenses, transactions, historical cost, adjustments, interest, rent, depreciation, and unearned revenue. It explains that the accounting equation must always balance, assets represent resources owned, liabilities are obligations, and owners' equity is the residual claim on assets. Revenues increase owners' equity while expenses decrease it.
Cloud based <a>Online Accounting Software</a> for day to day needs of accountants and sme's, allows you to manage payroll, bookkeeping for free.
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The document discusses key concepts in financial accounting, including the accounting equation (Assets = Liabilities + Owners' Equity), balance sheets, and the basic elements they contain (assets, liabilities, owners' equity). It also covers revenues and expenses, how they impact owners' equity, and examples like sales of inventory that contain both revenue and expense elements. The document discusses various adjustments that may need to be made to accounting records like depreciation, interest, rent, and unearned revenue.
The document discusses key concepts in financial accounting, including the accounting equation of Assets = Liabilities + Owners' Equity. It explains that the balance sheet is an expanded expression of this equation. It also defines assets, liabilities, owners' equity, revenues and expenses, and how various transactions affect the accounting equation. Specific topics covered include historical cost, depreciation, interest, rent, sales of inventory, adjustments to accounts, and unearned revenue.
The document discusses key concepts in financial accounting, including the accounting equation (Assets = Liabilities + Owners' Equity), transaction analysis, revenues, expenses, and adjustments. It explains that the accounting equation must always balance, and transactions may affect asset, liability, or owners' equity accounts. Revenues increase owners' equity while expenses decrease it. Interest is computed based on principal, interest rate, and time period.
Accounting and management unit one and basicsmbadepartment5
The document discusses key concepts in financial accounting including the accounting equation, assets, liabilities, owners' equity, revenues, expenses, and transactions. It explains that the accounting equation is Assets = Liabilities + Owners' Equity and must always balance. Transactions are analyzed to determine their impact on accounts to maintain the balance of the equation. Revenues increase owners' equity while expenses decrease owners' equity.
The document discusses key concepts in financial accounting including the accounting equation, balance sheets, income statements, and owners' equity. It explains that the accounting equation is Assets = Liabilities + Owners' Equity and must always balance. Transactions are analyzed to determine their impact on the equation. Financial statements like the balance sheet and income statement are prepared at the end of an accounting period to summarize a firm's financial position and performance.
Ammad awan glasgow - basic concepts of financial accountingAmmadAwanGlasgow
Ammad Awan Glasgow says account manager’s are successful if they are good at networking, and building and sustaining relationships. Their business and potential to make money depends on how well they manage in those areas.
This document provides an overview of basic financial accounting concepts, including the accounting equation, balance sheets, assets, liabilities, owners' equity, revenues, expenses, transactions, historical cost, adjustments, interest, rent, depreciation, and unearned revenue. It explains that the accounting equation must always balance, assets represent resources owned, liabilities are obligations, and owners' equity is the residual claim on assets. Revenues increase owners' equity while expenses decrease it.
Cloud based <a>Online Accounting Software</a> for day to day needs of accountants and sme's, allows you to manage payroll, bookkeeping for free.
Learn More :- https://www.capium.com
The document discusses key concepts in financial accounting, including the accounting equation (Assets = Liabilities + Owners' Equity), balance sheets, and the basic elements they contain (assets, liabilities, owners' equity). It also covers revenues and expenses, how they impact owners' equity, and examples like sales of inventory that contain both revenue and expense elements. The document discusses various adjustments that may need to be made to accounting records like depreciation, interest, rent, and unearned revenue.
The document discusses key concepts in financial accounting, including the accounting equation of Assets = Liabilities + Owners' Equity. It explains that the balance sheet is an expanded expression of this equation. It also defines assets, liabilities, owners' equity, revenues and expenses, and how various transactions affect the accounting equation. Specific topics covered include historical cost, depreciation, interest, rent, sales of inventory, adjustments to accounts, and unearned revenue.
The document discusses basic concepts of financial accounting including the accounting equation, balance sheets, and key elements like assets, liabilities, owners' equity, revenues, and expenses. It explains that the accounting equation must always balance, with assets equal to liabilities plus owners' equity. Transactions can increase or decrease different elements of the balance sheet to maintain the balance of the equation. Historical costs, revenues, expenses, adjustments, and other accounting concepts are also summarized.
The document provides an overview of basic financial accounting concepts. It explains that accounting is based on the accounting equation of Assets = Liabilities + Owners' Equity. The balance sheet expresses this equation by listing assets, liabilities, and owners' equity. It also defines key elements like assets, liabilities, owners' equity, revenues and expenses. Transactions must follow the accounting equation and be recorded and analyzed to maintain accurate financial records.
The document discusses the accounting equation and accounting cycle. The accounting equation for a business is Assets = Liabilities + Owner's Equity, while for a corporation it is Assets = Liabilities + Shareholders' Equity + Retained Earnings. The accounting cycle includes recording transactions, posting to accounts, making adjustments, preparing financial statements. It also discusses adjusting entries for prepaid expenses, depreciation, and unearned revenues to comply with accounting principles.
The document provides an overview of basic financial accounting concepts. It explains that accounting is based on the accounting equation of assets equaling liabilities plus owners' equity. Assets are valuable resources owned, while liabilities are obligations, and owners' equity is the residual interest in assets. Revenues increase owners' equity by providing goods/services, while expenses decrease it by consuming resources to generate revenue. Financial statements like the balance sheet present a company's assets, liabilities, and owners' equity at a point in time.
The document provides an overview of basic financial accounting concepts. It explains that accounting is based on the accounting equation of assets equaling liabilities plus owners' equity. Assets are valuable resources owned, while liabilities are obligations, and owners' equity is the residual interest in assets. Revenues increase owners' equity by providing goods/services, while expenses decrease it by consuming resources to generate revenue. Financial statements like the balance sheet present a company's assets, liabilities, and owners' equity at a point in time.
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in net accounts receivable $17,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 150,000
Collections for January (120,000)
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in estimated uncollectible accounts $3,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 30,000
Collections for January (25,000)
The document discusses accounting concepts including accounts, the accounting equation, and types of accounts. It defines an account as a record of transactions relating to a person, asset, liability, expense, or income. The accounting equation, Assets = Liabilities + Capital, shows that the assets and liabilities of a firm are equal. There are three types of accounts: personal accounts that represent people, real accounts for assets and properties, and nominal accounts for expenses, losses, income, and gains.
This document provides an overview of accounting principles and concepts. It defines accounting as the process of identifying, analyzing, recording, and reporting financial transactions and information. The key concepts discussed include the accounting equation, the basic financial statements (income statement, balance sheet, statement of owner's equity, statement of cash flows), and the different types of business entities and users of accounting information.
The document defines accounting as recording, classifying, and summarizing financial transactions and events to prepare financial statements. It discusses the basic accounting concepts like the accounting equation, assets, liabilities, equity, revenues and expenses. It also explains the key steps in accounting cycle which includes recording transactions, posting to ledger accounts, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance and financial statements, and closing temporary accounts. The accounting cycle aims to generate useful financial information for decision making in the form of income statement, balance sheet, and other financial reports.
Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The chapter discusses key accounting concepts such as the accounting equation, assets, liabilities, and owner's equity. It also explains the accounting process, accounting principles, and how business transactions affect the basic accounting equation. The chapter concludes with an explanation of the four main financial statements - the income statement, statement of owner's equity, balance sheet, and statement of cash flows - and how they are prepared.
This chapter discusses the fundamentals of accounting including its nature, functions, users, principles, and key concepts. Accounting identifies, records, and communicates the financial events of a business. It provides information to internal users like managers and external users like investors and creditors. Companies follow generally accepted accounting principles to prepare four main financial statements - the income statement, balance sheet, statement of owner's equity, and statement of cash flows. The accounting equation forms the basis of recording transactions and showing a company's assets, liabilities, and owner's equity.
Accounting involves recording and analyzing a business's financial activities. There are two main types: financial accounting which analyzes a company's financial position, and managerial accounting which is used for internal decision making. Key financial documents include the balance sheet, which measures financial health at a point in time by listing assets, liabilities, and equity, and the income statement, which reports revenue, expenses, and profit over a period. Accounting helps ensure accountability, enable comparisons, and is a business's common financial language.
The document discusses key accounting concepts including the accounting equation, accounting cycle, adjusting entries, trial balance, financial statements, and closing process. It provides examples to illustrate preparing adjusting entries for prepaid expenses, accrued liabilities, depreciation, and estimates. It also discusses the use of worksheets, reversing entries, subsidiary ledgers, and special journals.
Day 1 accounting_lecture_slides_bu_500 (1)Bhavin Chavda
Financial accounting provides financial information to external parties such as creditors, investors and governmental agencies. It reports on the financial position and performance of a firm through financial statements. The key elements of financial accounting are assets, liabilities and shareholders' equity. Assets are items owned by a company, liabilities are amounts owed, and shareholders' equity represents the owners' claim on assets. The accounting equation states that assets must always equal liabilities plus shareholders' equity. Financial accounting uses double-entry bookkeeping to record transactions, ensuring the accounting equation stays in balance.
Website Development Company is fastest growing company in the IT market for the website design and development. we are best website development company in India as well as in USA we are based in Noida and Delhi NCR. Website development company is powered by Css Founder.com
The accounting cycle is the process by which accountants prepare financial statements for an entity over a period of time. It involves analyzing transactions, journalizing them, posting to ledger accounts, adjusting entries, preparing a trial balance and financial statements, and closing entries. Key steps include journalizing, posting, preparing a trial balance, adjusting entries, and financial statements.
Total Quality Management (TQM) is a management approach focused on meeting customer needs and improving processes. The document discusses the history and key thinkers in TQM, including Deming, Juran, Ishikawa, and Crosby. It also covers the Baldrige National Quality Program established in 1987 to recognize excellence through criteria in leadership, strategic planning, customer/market focus, information/analysis, human resources, process management and business results. The Baldrige Award has become a standard for quality excellence pursued by many large corporations.
Q&As on business and collective bargaining.pdfKevin117905
This document contains a series of questions and answers about collective bargaining and business. It discusses why collective bargaining is important for both workers and businesses. It allows issues to be settled through dialogue rather than confrontation, and provides benefits to the enterprise, stakeholders, and society. The document also provides guidance on how companies can uphold collective bargaining rights, such as by recognizing unions, bargaining in good faith, and providing worker representatives with necessary facilities and information. It discusses the importance of negotiation and concluding collective agreements.
The document discusses basic concepts of financial accounting including the accounting equation, balance sheets, and key elements like assets, liabilities, owners' equity, revenues, and expenses. It explains that the accounting equation must always balance, with assets equal to liabilities plus owners' equity. Transactions can increase or decrease different elements of the balance sheet to maintain the balance of the equation. Historical costs, revenues, expenses, adjustments, and other accounting concepts are also summarized.
The document provides an overview of basic financial accounting concepts. It explains that accounting is based on the accounting equation of Assets = Liabilities + Owners' Equity. The balance sheet expresses this equation by listing assets, liabilities, and owners' equity. It also defines key elements like assets, liabilities, owners' equity, revenues and expenses. Transactions must follow the accounting equation and be recorded and analyzed to maintain accurate financial records.
The document discusses the accounting equation and accounting cycle. The accounting equation for a business is Assets = Liabilities + Owner's Equity, while for a corporation it is Assets = Liabilities + Shareholders' Equity + Retained Earnings. The accounting cycle includes recording transactions, posting to accounts, making adjustments, preparing financial statements. It also discusses adjusting entries for prepaid expenses, depreciation, and unearned revenues to comply with accounting principles.
The document provides an overview of basic financial accounting concepts. It explains that accounting is based on the accounting equation of assets equaling liabilities plus owners' equity. Assets are valuable resources owned, while liabilities are obligations, and owners' equity is the residual interest in assets. Revenues increase owners' equity by providing goods/services, while expenses decrease it by consuming resources to generate revenue. Financial statements like the balance sheet present a company's assets, liabilities, and owners' equity at a point in time.
The document provides an overview of basic financial accounting concepts. It explains that accounting is based on the accounting equation of assets equaling liabilities plus owners' equity. Assets are valuable resources owned, while liabilities are obligations, and owners' equity is the residual interest in assets. Revenues increase owners' equity by providing goods/services, while expenses decrease it by consuming resources to generate revenue. Financial statements like the balance sheet present a company's assets, liabilities, and owners' equity at a point in time.
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in net accounts receivable $17,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 150,000
Collections for January (120,000)
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in estimated uncollectible accounts $3,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 30,000
Collections for January (25,000)
The document discusses accounting concepts including accounts, the accounting equation, and types of accounts. It defines an account as a record of transactions relating to a person, asset, liability, expense, or income. The accounting equation, Assets = Liabilities + Capital, shows that the assets and liabilities of a firm are equal. There are three types of accounts: personal accounts that represent people, real accounts for assets and properties, and nominal accounts for expenses, losses, income, and gains.
This document provides an overview of accounting principles and concepts. It defines accounting as the process of identifying, analyzing, recording, and reporting financial transactions and information. The key concepts discussed include the accounting equation, the basic financial statements (income statement, balance sheet, statement of owner's equity, statement of cash flows), and the different types of business entities and users of accounting information.
The document defines accounting as recording, classifying, and summarizing financial transactions and events to prepare financial statements. It discusses the basic accounting concepts like the accounting equation, assets, liabilities, equity, revenues and expenses. It also explains the key steps in accounting cycle which includes recording transactions, posting to ledger accounts, preparing an unadjusted trial balance, making adjusting entries, preparing an adjusted trial balance and financial statements, and closing temporary accounts. The accounting cycle aims to generate useful financial information for decision making in the form of income statement, balance sheet, and other financial reports.
Accounting is an information system that identifies, records, and communicates the economic events of an organization to interested users. The chapter discusses key accounting concepts such as the accounting equation, assets, liabilities, and owner's equity. It also explains the accounting process, accounting principles, and how business transactions affect the basic accounting equation. The chapter concludes with an explanation of the four main financial statements - the income statement, statement of owner's equity, balance sheet, and statement of cash flows - and how they are prepared.
This chapter discusses the fundamentals of accounting including its nature, functions, users, principles, and key concepts. Accounting identifies, records, and communicates the financial events of a business. It provides information to internal users like managers and external users like investors and creditors. Companies follow generally accepted accounting principles to prepare four main financial statements - the income statement, balance sheet, statement of owner's equity, and statement of cash flows. The accounting equation forms the basis of recording transactions and showing a company's assets, liabilities, and owner's equity.
Accounting involves recording and analyzing a business's financial activities. There are two main types: financial accounting which analyzes a company's financial position, and managerial accounting which is used for internal decision making. Key financial documents include the balance sheet, which measures financial health at a point in time by listing assets, liabilities, and equity, and the income statement, which reports revenue, expenses, and profit over a period. Accounting helps ensure accountability, enable comparisons, and is a business's common financial language.
The document discusses key accounting concepts including the accounting equation, accounting cycle, adjusting entries, trial balance, financial statements, and closing process. It provides examples to illustrate preparing adjusting entries for prepaid expenses, accrued liabilities, depreciation, and estimates. It also discusses the use of worksheets, reversing entries, subsidiary ledgers, and special journals.
Day 1 accounting_lecture_slides_bu_500 (1)Bhavin Chavda
Financial accounting provides financial information to external parties such as creditors, investors and governmental agencies. It reports on the financial position and performance of a firm through financial statements. The key elements of financial accounting are assets, liabilities and shareholders' equity. Assets are items owned by a company, liabilities are amounts owed, and shareholders' equity represents the owners' claim on assets. The accounting equation states that assets must always equal liabilities plus shareholders' equity. Financial accounting uses double-entry bookkeeping to record transactions, ensuring the accounting equation stays in balance.
Website Development Company is fastest growing company in the IT market for the website design and development. we are best website development company in India as well as in USA we are based in Noida and Delhi NCR. Website development company is powered by Css Founder.com
The accounting cycle is the process by which accountants prepare financial statements for an entity over a period of time. It involves analyzing transactions, journalizing them, posting to ledger accounts, adjusting entries, preparing a trial balance and financial statements, and closing entries. Key steps include journalizing, posting, preparing a trial balance, adjusting entries, and financial statements.
Total Quality Management (TQM) is a management approach focused on meeting customer needs and improving processes. The document discusses the history and key thinkers in TQM, including Deming, Juran, Ishikawa, and Crosby. It also covers the Baldrige National Quality Program established in 1987 to recognize excellence through criteria in leadership, strategic planning, customer/market focus, information/analysis, human resources, process management and business results. The Baldrige Award has become a standard for quality excellence pursued by many large corporations.
Q&As on business and collective bargaining.pdfKevin117905
This document contains a series of questions and answers about collective bargaining and business. It discusses why collective bargaining is important for both workers and businesses. It allows issues to be settled through dialogue rather than confrontation, and provides benefits to the enterprise, stakeholders, and society. The document also provides guidance on how companies can uphold collective bargaining rights, such as by recognizing unions, bargaining in good faith, and providing worker representatives with necessary facilities and information. It discusses the importance of negotiation and concluding collective agreements.
The document provides a template recognition and procedural agreement between a trade union (Unite) and an employer. The template covers key areas such as objectives of the agreement, scope of recognition, union representation and facilities, joint consultation and negotiation procedures, and grievance resolution processes. It aims to help Unite representatives negotiate formal recognition from employers and establish effective processes for representation, collective bargaining, and dispute avoidance and resolution.
1. Identify potential risks using techniques like a risk breakdown structure, brainstorming, or reviewing historical data. Key risk categories include technical, schedule, budget, and regulatory compliance.
2. Analyze the probability and impact of identified risks using a risk matrix. Prioritize risks based on their probability and potential impact.
3. Develop risk responses such as contingency plans, risk mitigation actions, and risk monitoring procedures. Assign roles for risk monitoring and response implementation.
4. Create a risk register/log to track identified risks, analysis results, assigned roles, and ongoing status. Meet regularly to
This document discusses the key concepts of labour law. It outlines the objectives of labour legislations as establishing social, political and economic justice; protecting weaker workers; maintaining industrial peace; and ensuring human rights. The principles of labour legislations are described as social justice, equity and security. Social justice means equitable distribution of profits between owners and workers, while protecting worker health and safety. Social equality provides flexibility to adjust to industrial needs. Social security involves collective action against social risks. The scope of labour law covers industrial relations, health and safety standards, employment standards, and workplace issues like wages, hours and dismissal procedures.
This chapter outlines the key aspects of product design and development. It discusses the characteristics of successful products, who is involved in the development process, and the typical duration and costs. It also covers some of the main challenges and how structured development methods and organizational realities can impact projects. The chapter concludes by introducing some of the major steps in a typical product development process.
This document discusses the time value of money concepts of interest, present value, and future value. It provides examples of calculating simple and compound interest, as well as the present and future value of single deposits and annuities. Formulas for simple and compound interest, present value, future value, ordinary annuities, and annuities due are presented along with examples of applying the concepts and formulas to story problems. Tables of interest rate factors are also included to allow for lookup of present and future values.
The document discusses key financial statements used for corporate reporting:
1) The balance sheet provides a snapshot of a firm's assets, liabilities, and equity on a given date. It shows what the firm owns and how it is financed.
2) The income statement measures financial performance over a period by calculating revenues earned and expenses incurred. It determines net income.
3) The statement of cash flows explains changes in a firm's cash balance by outlining cash flows from operating, investing, and financing activities. It is important because net income does not always reflect actual cash flow.
The document provides an introduction to basic accounting concepts including:
1) Accounting is the universal language of business and finance. It tracks assets, liabilities, and owner's equity through journal entries, ledger accounts, and financial statements.
2) The key financial statements are the balance sheet and income statement. The balance sheet provides a snapshot of financial position on a given date, showing assets, liabilities, and owner's equity. The income statement shows revenues and expenses over a period of time.
3) Accounts are classified as assets, liabilities, owner's equity, revenues, or expenses. The accounting equation states that assets always equal liabilities plus owner's equity. Proper record keeping and financial analysis
This PowerPoint presentation discusses managing growth in small businesses. It covers the entrepreneur's leadership role, the distinctive features of small business management, the managerial tasks of entrepreneurs, and solutions to time pressure issues like using outside management assistance. The presentation addresses topics such as creating an organizational structure, controlling operations, planning, delegating, and communicating. It provides examples of leadership styles, factors that determine organizational span of control, and types of outside assistance available.
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The Evolution and Impact of OTT Platforms: A Deep Dive into the Future of Ent...ABHILASH DUTTA
This presentation provides a thorough examination of Over-the-Top (OTT) platforms, focusing on their development and substantial influence on the entertainment industry, with a particular emphasis on the Indian market.We begin with an introduction to OTT platforms, defining them as streaming services that deliver content directly over the internet, bypassing traditional broadcast channels. These platforms offer a variety of content, including movies, TV shows, and original productions, allowing users to access content on-demand across multiple devices.The historical context covers the early days of streaming, starting with Netflix's inception in 1997 as a DVD rental service and its transition to streaming in 2007. The presentation also highlights India's television journey, from the launch of Doordarshan in 1959 to the introduction of Direct-to-Home (DTH) satellite television in 2000, which expanded viewing choices and set the stage for the rise of OTT platforms like Big Flix, Ditto TV, Sony LIV, Hotstar, and Netflix. The business models of OTT platforms are explored in detail. Subscription Video on Demand (SVOD) models, exemplified by Netflix and Amazon Prime Video, offer unlimited content access for a monthly fee. Transactional Video on Demand (TVOD) models, like iTunes and Sky Box Office, allow users to pay for individual pieces of content. Advertising-Based Video on Demand (AVOD) models, such as YouTube and Facebook Watch, provide free content supported by advertisements. Hybrid models combine elements of SVOD and AVOD, offering flexibility to cater to diverse audience preferences.
Content acquisition strategies are also discussed, highlighting the dual approach of purchasing broadcasting rights for existing films and TV shows and investing in original content production. This section underscores the importance of a robust content library in attracting and retaining subscribers.The presentation addresses the challenges faced by OTT platforms, including the unpredictability of content acquisition and audience preferences. It emphasizes the difficulty of balancing content investment with returns in a competitive market, the high costs associated with marketing, and the need for continuous innovation and adaptation to stay relevant.
The impact of OTT platforms on the Bollywood film industry is significant. The competition for viewers has led to a decrease in cinema ticket sales, affecting the revenue of Bollywood films that traditionally rely on theatrical releases. Additionally, OTT platforms now pay less for film rights due to the uncertain success of films in cinemas.
Looking ahead, the future of OTT in India appears promising. The market is expected to grow by 20% annually, reaching a value of ₹1200 billion by the end of the decade. The increasing availability of affordable smartphones and internet access will drive this growth, making OTT platforms a primary source of entertainment for many viewers.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
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Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
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IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
2. The Basic Accounting
Equation
• Financial accounting is based upon the
accounting equation.
Assets = Liabilities + Owners' Equity
– This is a mathematical equation which
must balance.
– If assets total $300 and liabilities total
$200, then owners' equity must be $100.
4. The Basic Accounting
Equation
Balance Sheet
Assets Liabilities and Owners’ Equity
Cash 5,000 Liabilities
Accounts receivable 7,000 Accounts payable 8,000
Inventory 10,000 Notes payable 2,000
Equipment 7,000 Total liabilities 10,000
Owners’ equity 19,000
Total assets 29,000 Total liabilities and
owners’ equity 29,000
5. Assets
• Assets are valuable resources that are
owned by a firm.
– They represent probable future economic
benefits and arise as the result of past
transactions or events.
6. Liabilities
• Liabilities are present obligations of
the firm.
– They are probable future sacrifices of
economic benefits which arise as the
result of past transactions or events.
7. Owners' Equity
• Owners' equity represents the
owners' residual interest in the assets
of the business.
– Residual interest is another name for
owners' equity.
8. Owners' Equity
• Owners may make a direct investment
in the business or operate at a profit
and leave the profit in the business.
9. Owners' Equity
• Yet another name for owners' equity is
net assets.
– Indicates that owners' equity results
when liabilities are subtracted from
assets.
Owners’ Equity = Assets – Liabilities
13. A transaction may do one of
several things:
• It may increase both the asset side and
the liabilities and owners' equity side.
• It may decrease both the asset side
and the liabilities and owners' equity
side.
14. A transaction may do one of
several things:
• It may cause both an increase and a
decrease on the asset side.
• It may cause both an increase and a
decrease on the liabilities and owners'
equity side.
15. A transaction may do one of
several things:
• Regardless of what transaction occurs,
the accounting equation must be in
balance after the transaction is
analyzed.
25. Revenues
• Revenues are inflows of assets (or
reductions in liabilities) in exchange
for providing goods and services to
customers.
– A retail store such as Wal-Mart earns
revenues by selling goods to customers.
– A CPA firm earns revenues by providing
services such as tax return preparation or
auditing.
26. Revenues
• Critically important point:
– Cash need not be received in order for
revenue to be recorded.
– Revenues are earned when a company
does what it is supposed to do according
to a contract.
28. Revenues
• A related concept concerns cash
received before a service is performed
or goods are delivered.
29. Consider the following
example:
• A magazine company receives $24,
which represents a year's subscription.
• The subscriber, of course, pays in
advance.
34. Consider the following
example:
• Unearned revenues are usually settled
by the performance of a service, unlike
other liabilities which are usually
settled by the payment of cash.
37. Expenses
• Expenses occur when resources are
consumed in order to generate
revenue.
• They are the cost of doing business.
– Examples include rent, salaries and
wages, insurance, electricity, utilities, and
the like.
39. Expenses
• A critically important point similar to
that for revenues holds true for
expenses.
– A business need not pay out cash in order
to have to record that an expense has
occurred.
40. Expenses
• A critically important point similar to
that for revenues holds true for
expenses.
– If a repairman comes to the business to
work on the air conditioning system, then
the business has a repair expense even
though that work may be charged to its
account.
41. Expenses
• A critically important point similar to
that for revenues holds true for
expenses.
– The company will have a liability which
it will settle later with the payment of
cash.
43. Examples of Payables
• Notes payable—written obligations.
• Accounts payable—unwritten
obligations that arise in the normal
operations of a business.
• Wages payable.
44. Examples of Payables
P
Pa
ay
ya
ab
bl
le
e A
Ac
cc
co
ou
un
nt
ts
s
ASSETS = LIABILITIES + OWNERS’ EQUITY
Utilities
payable
+120
H.Jacobs, capital
Utility expense
–$120
45. Sales of Inventory
• Sales of inventory contain both
revenue and expense components.
46. Sales of Inventory
• A revenue transaction exists because
an asset has been obtained and goods
have been provided to customers.
47. Sales of Inventory
• An expense transaction exists because
an asset has been consumed to
generate the revenue.
49. Sales of Inventory
Sales of Inventory
ASSETS = LIABILITIES + OWNERS’ EQUITY
Accounts
receivable
+$4,000
Inventory
–2,200
H.Jacobs, capital
Sales revenue
+$4,000
Cost of goods sold
–$2,200
50. Adjustments to Accounts
• Several adjustments must be made to
accounting records at the end of the
accounting period.
51. Adjustments to Accounts
• A balance in an account may need to
be adjusted because of the passage of
time and the occurrence of events in
that time period.
52. Adjustments to Accounts
• An amount may not have been
recorded in an account at all.
– The amount will have to be recorded
before the financial statements are
prepared so that all the information will
be correct.
54. Simple Balance Sheets and
Income Statements
• The end result of the accounting
process is the preparation of financial
statements.
55. The Balance Sheet
• The balance sheet shows a firm's
assets, liabilities, and owner's equity
at one point in time.
– The date on the balance sheet will be a
single date, such as December 31 or
June 30.
56. Balance Sheet
January 31, 2000
Assets Liabilities and Owners’ Equity
Cash $ 32,500 Liabilities
Accounts receivable 4,400 Accounts payable $ 30,000
Prepaid rent 11,000 Unearned revenue 50
Inventory 27,800 Utilities payable 120
Equipment 27,792 Interest payable 133
Total assets $100,492 Notes payable 20,000
Total liabilities 50,303
H.Jacobs, capital 50,189
Total liabilities and
owners’ equity $100,492
57. The Income Statement
• The income statement summarizes a
firm's revenues and expenses for a
period of time.
– The date on the income statement will
be a phrase such as, "For the month
ended July 31," or "For the year ended
December 31."
58. The Income Statement
• If revenues exceed expenses, then the
result is net income.
• If expenses exceed revenues, then the
result is a net loss.
59. The Income Statement
• Only revenues and expenses appear
on the income statement.
– Students sometimes think that cash is a
good thing and should appear on the
income statement.
– Cash is an asset and so will appear on the
balance sheet.
60. Income Statement
For the Month Ended January 31, 2000
Revenues
Sales $ 4,000
Service
650
Total revenue 4,650
Expenses
Cost of goods sold 2,200
Rent 1,000
Salary 700
Depreciation 208
Interest 133
Utilities 120
Total expenses 4,361
Net income $ 289
61. The Statement of Owners'
Equity
• The statement of owners' equity
summarizes the changes that took
place in owners' equity during the
period under review.
62. The Statement of Owners'
Equity
• It will have the same date as does the
income statement.
• It shows results over a period of time,
not just at one point in time.
63. The Statement of Owners'
Equity
• The statement starts with the
beginning balance of owners' equity
and adds in any owner investment
and net income.
• If there are withdrawals, then they are
subtracted, as is a net loss.
64. The Statement of Owners'
Equity
• A business will have either a net
income or a net loss, not both.
65. The Statement of Owners'
Equity
Statement of Owners’ Equity
For the Month Ended January 31, 2000
Balance, January 1 $ 0
Investment by owner $ 50,000
Net income 289
Withdrawal by owner (100)
Balance, January 31 $ 50,189
66. Relationship Between Balance
Sheet and Income Statement
• Changes in net income, owner
contributions, and owner
withdrawals, all of which affect
owners' equity, explain changes in net
assets.
67. Forms of Business
Organization
• Profit-oriented enterprises can be
organized in one of three ways.
– Sole proprietorships
– Partnerships
– Corporations