FA6 - Preparing the Statement of Changes in Equity

[@ViliamSour]

2024, now learning accounting. really good explenation, super video

[@dssaura]

Thank you sir for your examples. i have prepared financial statements for over 40 years as a controller but they were all generated within accounting programs. I appreciate your examples and comments and like your presentation. Thanks a lot. Don Sylvester, Houston, Texas

[@KaraGatta]

I’m making a career change from industrial engineering to accounting by getting a masters in it and these videos are helping me be less nervous about this change. Very understandable, this seem like something I would love to do actually I would love to do it. Thank you for posting these.

[@KirstenBradford-o6s]

Wow! I'm taking accounting now and I was so lost. This literally saved me! I didn't think I was going to make it through the course but now I'm so much more confident. Thank you for these videos!

[@jacktaylor2750]

this guy is elite, you didn't have to make these videos but you did. Thanks a lot man!!

[@vincentortega4284]

Professor Tony Bell. Your accounting video instructions are excellent. You have helped me so much. you are a rare teacher who goes above and beyond sharing your knowledge, and experience. God bless you.

[@jaceyhe]

Your class is amazing. I'm prepared to join you once I've watched all your videos that you post. Thanks, Professor!

[@lucc6619]

alright going into my first accounting exam I feel really confident because of this guy

[@smartabiola6813]

Mehn, I'm super blown away! Can't even think of another way to learn accounting as an entry-level entrepreneur😅 without you Prof. Thank you so much

[@lovely_bean]

I was scared of this upcoming exam I had because I had no clue what went into the financial statements. I always viewed as difficult, but this helped TONS!!! I understand it and I am no longer scared

[@pinkypix4762]

Honestly I’m so grateful for these videos

[@leylaaliyeva9292]

It is so useful for my exams about f3 at the university 😊 thanks a lot

[@ProAdsSkipper]

You make it look so easy! Thank you so much for this videos

[@ritahanyanje4502]

Thanks for your tutorials You are gonna save my semester Content made simpler ❤

[@johnnyxie1756]

The video is so helpful with uni accounting courses!

[@arjjunmanoj7375]

U-UNI?? Im doing this in 10th grade wtfff

[@imb0531]

Thanks for making this video! It would be helpful to see what these examples look like in the financial statements (in excel).

[@frankayala3950]

Nice income Statement, I would apply the word "Total" to identify the yearly/monthly totals for Shutle Revenue.

[@kawaii-d5y]

"ACCOUNTING MADE EASY" periodtttttt!

[@sono.shakhlo]

Thank you very much for your video lessons

[@alaooluwaseun5932]

Thanks for this amazing video. My question is what if the company issue or repurchase any common shares during the year will it be subtracted from the $60000 before including our net income 2) is it compulsory that the total has to be the same when the common share and retained earnings are added together. Thank you

[@bettynyaga2184]

Thnx prof but please explain the issue and repurchase of common shares..what it means

[@whitesun264]

He's amazing.

[@mostafasamir3088]

Could you please make vedio about accounting cycle for a company comprehensive transactions and how to record them ending with closing entries ?

[@YoucefYoucef-ft9ce]

you are the best thank you techear, i usually make like before watching the video thank you again

[@Princess-nu1wi]

Hi, Mr. Bell! I really appreciate your videos. I was wondering if could you please explain what shareholders equity and common shares are again. For some reason I can't get a hold of the meaning. Thank you in advance!

[@imtinashev-ue2fq]

The difference between assets and liabilities are shareholders equity, in simpler words if a company sells all of its assets and pays all of its debts, the remaining money is called shareholders equity.

[@AjaySingh-zc8xw]

Love your channel .... very informative

[@jain3484]

Shouldn't the total for retained earnings be 37,400? Or do I keep it the same?

[@PunmasterSTP]

Equity? More like "I can't wait for the" next video in this series, because I'm sure I'm going to learn even more useful stuff!

[@flowerofash4439]

what is the number $87,700 tell? it is the total equity for the end of the year? why the statement needed?

[@dailybikes668]

Hello sir, just a quick question why is the reducti dividend (3000), why is this number negative?

[@Heyitsmaria24]

Hi! The number is negative because it’s a reduction of retained earnings. Meaning, the company is paying its dividends/shareholders 300. The company no longer owns 300. Therefore, it’s deducted or “negative” or “subtracted”. Hope this helped a bit

[@dailybikes668]

@@Heyitsmaria24 it really did help thanks a lot 🙏🏽🙏🏽

[@diegocabrera108]

do you speak in the future videos about the IFRS standard? Or only the FASB standard

[@CREEPERMAN8000]

yooo thanks man ur sick wit it

[@joesmoe6947]

So common shares is the money made from selling outstanding shares of stock? During this period of time? It’s not 60k in stock. Is that right?

[@Tony-Bell]

Correct - it's $, not # of shares.

[@Foody-j4z]

Thnx prof, but why prefered stock is not mentioned here.

[@northpizza4421]

He mentioned in a previous video that since it’s a beginner course, he doesn’t use them in his class room but it may be different in others

[@faisalkhalidjeddahboys1960]

Love from saudi arabia

[@christianpatten4758]

So would a retained earnings statement look something like this: Sherry's Shuttles Retained Earnings Statement For the Year Ended, Dec. 31, 2024 Retained Earnings, Jan. 1, 2024......$10,000 Net Income......20,700 Dividends.....(3,000) Change in retained earnings......17,700 Retained earnings, Dec. 31, 2024......$27,700

[@prats.7105]

was the "add" and "deduct" like little notes for us? or is that included in the statement. Sorry if this is a dumb question

[@Tony-Bell]

Yes we do include them - good question!

[@prats.7105]

@@Tony-Bell Thank you for the quick reply. I appreciate it.

[@sedatime5541]

Why it is good result? It it because the retained earnings were 10k at the beginning of the year and now it is 27.700?

[@anaf5784]

When did he say it's a good result?

[@anaf5784]

If you could please mention when he says this, that'd be great.

[@sedatime5541]

@@anaf5784 6.12 you can check

[@anaf5784]

​@@sedatime5541 Oh, by "good," he just means "accurate" here. As in he'd get an A+ on it if it were a test.

[@DJSnyman21]

Why is office supplies not an Expense?

[@Tony-Bell]

Check this video from the 6 minute mark - I explain when supplies are an asset and when they are an expense: kzbin.info/www/bejne/qKvah6CKpJpmp8k

[@mariladdu]

what would happen to the common shares if the company is listed? Does the value change?

[@Tony-Bell]

Common shares on the financial statements don't float up and down with changes in the stock markets.

[@pamelablount2397]

thank you how will I egt to the members stuff again?

[@blaqgyal204]

These are amazing thank you

[@basebond5656]

Thank you so much!!

[@lenas1281]

Hi Professor, I just have one question, is the Statement of Owner's Equity just another name for the '' Statement of Changed in Equity'' ?

[@Tony-Bell]

They'll be a little different - mine has Common shares and retained earnings and dividends, yours will have owner's equity/capital, and withdrawals. They serve the same function and are very similar (in an intro class), but you'll want to follow your own textbook for this bit....

[@lenas1281]

@@Tony-Bell Thank you !

[@camerakaravan]

Is that an American or British approach?

[@yusuframadhan6259]

thank you, much appreciated

[@fawazsuleiman488]

Awesome contents

[@CabdFatah]

i thank to you very much teacher

[@nathanjones8213]

you are awesome

[@ninawonpilisungjin]

thanks!

[@elie9160]

should nt it be january 2023 ?

[@alhassanabdulsomed543]

Wow that's great

[@rodolfodickson9500]

Made easy

[@Tony-Bell]

See you next week - so happy you're getting a head start!

[@rinreborn7364]

THANKSSSSSSSSSSSSS BROTHERRRRR

[@ianmacfarlane6842]

holy fuck what did I get myself into

[@creativestudio3343]

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