3.4 FINAL ACCOUNTS / IB BUSINESS MANAGEMENT / profit and loss account, balance sheet, depreciation

TIMECODES
0:00 Intro & objectives
0:56 Purpose of final accounts to different stakeholders
6:13 Profit and loss account
18:32 Balance sheet
26:28 Depreciation (HL only)
36:34 Back to objectives
The main point of this class is to learn how to prepare profit & loss account and balance sheet, and how to calculate depreciation.
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Free textbook: lewwinski.com
Instagram: lewwinski.business
Tiktok: lewwinski.business
Email: [e-mail]

[@MaximiliandeVries]

I just finished my exam P1 and P3 for business HL. You are a life saver Lewwinski, both papers went very well!

[@aboodafaneh4189]

P3 was aids bro, can u help me with a profit or loss I swear I don't understand anything

[@gustavj5794]

@@aboodafaneh4189fax p3 was ass

[@MaximiliandeVries]

@@aboodafaneh4189 me and you both

[@roshaanchatha411]

@@aboodafaneh4189 My P3 HL was shit as well broo, that 17 marker fucked me

[@anantjain4365]

Your are able to explain more than what I learn in 4-5 classes of business in school just in 1 video, best teacher ever

[@jillybrownie2390]

Literally

[@naongg10]

hope you keep up this awesome work! It really helps me understand IB business :)

[@aleshafeisal]

thank you so much! ive been referencing you in my business notes alongside the textbook

[@Zyff_FN]

You are goated my man

[@mustafacevhercelik7592]

thank you bro keep it up

[@minwoojung733]

great video :), keep it up

[@ale.-.9599]

Amazing video! It was really useful to study for my exam :)))

[@marcfelix1084]

SO GOOOD!!!

[@anonymousentity-jl5wo]

you are so under rated

[@ibstudentt]

saviour honestly

[@abdalraoufkilany9180]

Thank you🙏🙏

[@haniajj6670]

Thanks! would you consider also some revision exercises or doing past paper exams videos? it would be really helpful.

[@Kamie-fh2dd]

God of business 🌟

[@luisiribarren4399]

Grande jefe

[@jorgexreyes__3578]

masterpiece

[@itzmearavedits3046]

Top G

[@bestinlovesdogs8031]

saved me frrrr

[@vladinlevrai]

life saver

[@jorgexreyes__3578]

eres un genio

[@user-rh3mj4tk7i]

GOAT

[@catchtheaman]

What song do you use at the start

[@ivanwu9899]

Ivan loves fruits!

[@harneetkaur8811]

This is very helpful for me!!! How do you find the Profit for period, I am getting different answer. And also The tax is 81900 (with 2 zeroes at end), not 8190. Can you please clarify as soon as possible. Thank You!!!

[@lulumazzei1025]

Profit for period is profit before tax minus the found tax, which is 8190. Therefore, it being 63000-8190=54810.

[@faridaghazada5157]

Hello. I think you forgot to include the intangiable assets

[@krissy6394]

6:28 you gave me a heart attack edited: 18:37 STOPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

[@carmela.varelaa]

in profit statment: why you should do 230.000-60.000? I do not understand if he sold that stock why is minus.

[@Crixy-gp8lp]

Sorry if its late but,what was meant that 230,000 is the amount he sold it for but 60,000 was how much it costed him to get that fruit

[@tanishkabhadale358]

wait how was te dividend and retain profit found

[@sofiaparisi2232]

You are not supposed to work it out, they just give that info to you

[@yasserayoub5253]

rabak shu awe

[@jamesfive6429]

if he uses the printer for 3 years and prints 500 each would it not be 1500 for the calculation of annual depreciation Thank you tho.

[@lewwinski]

Wrong. You’re welcome

[@jamesfive6429]

My bad i did not see the rest of the vid this was calculating the depreciation for one year