Statement of Financial Position (PAS 1)

Learn the basics of statement of financial position under PAS 1.
Textbook used: Conceptual Framework and Accounting Standards 2020 Edition by Mr. Conrado Valix, Mr. Jose Peralta, and Mr. Christian Aris Valix
#pas1 #balancesheet #filipinoaccountingtutorial

[@rs-ww8ui]

jowain ko na lang po kayo sawa na ako sa accounting 🥺🥺🥺ai charrr ahaha salamat po sa vid😭😭😍😍

[@rachellecumahig9834]

Salamat po didto. Hope to have more videos about Conceptual Framework and Accounting Standards. God bless po. 😇

[@FilipinoAccountingTutorial]

Yes Rachelle. More videos pa soon

[@TinTin-jg9ej]

Thank you for the vid sir super helpful po rn especially online/modular learning po ngayon

[@FilipinoAccountingTutorial]

You're welcome Tin. Mag aral ng mabuti 💛

[@christopheropena0123]

sakto sa next lesson namin sa CFAS 😍 thank u po sir and God bless u more po 🎉

[@FilipinoAccountingTutorial]

You're welcome Christopher. Hope it helps. ❤️

[@hannagraceadug7503]

Thank you, it helps a lot lalo na ngayong online class lang kami.

[@FilipinoAccountingTutorial]

You're welcome Adugshie! Mag aral ng mabuti 💛

[@quindaramialiwanag2827]

Salamat sir for this video, sobrang nakakatulong para makaadvance learning

[@FilipinoAccountingTutorial]

You're welcome Mia. Mag aral nang mabuti 💛

[@quindaramialiwanag2827]

@@FilipinoAccountingTutorial maraming salamat po talaga sir

[@FilipinoAccountingTutorial]

Walang anuman Mia. Masaya kami makatulong. Marami pa dito accounting tutorial videos sana makatulong din sa iyo ❤️

[@ritcheldagooc2927]

Thank you Sir, Malaki tulong po talaga ang mga video mu lalong-lalo na sa panahon ngayon.

[@FilipinoAccountingTutorial]

You're welcome, ritchel. Masaya kami makatulong. Mag aral nang mabuti ❤️

[@kylacertificotamis7216]

Naiiyak akoooo. Finally, nakita ko ito!! Kanina pa po ako naghahanap nito, e. Salamat po dito, sir!! 😭😭

[@FilipinoAccountingTutorial]

Walang anuman, Kyla. Mag aral nang mabuti. Sana makatulong ang video na ito ❤️

[@jenicaricafort1882]

Thank you po, sinasabayan ko kayo habang ginagawa din yung akin🥺 mas nagegets at nag eenjoy na ako hihi

[@FilipinoAccountingTutorial]

You're welcome, Jenica. Mag aral nang mabuti 🧡

[@ryanjaysonm.enriquez1809]

Thankyou poooo naintindihan ko po. Mabuhay po kayo

[@FilipinoAccountingTutorial]

Welcome Ryan!

[@casantusanjasperpaull.8792]

napaka laking tulong nyo po sa aming mga nagaaral

[@FilipinoAccountingTutorial]

Salamat jasper. Masaya kami makatulong. Mag aral nang mabuti ❤️

[@riannicole7076]

Thank you po dito sir, mas naiintindihan ko pa yung lessons mo❤️✨

[@FilipinoAccountingTutorial]

You're welcome, Nicole 🙂 Hope this video will help you. Mag aral nang mabuti ❤️

[@magalonajohnmichaele.5298]

Laking tulong nito sir, lalo na ngayong modular lng kami walang nag tuturo😅

[@FilipinoAccountingTutorial]

Salamat, Kazuma 🙂 Masaya kami makatulong. Mag aral nang mabuti ❤️ marami pa kami tutorials dito baka sakaling makatulong 🙂

[@eljoyc.toloza9157]

THANKYOU PO SOBRA SOBRA SANA PO TALAGA MAGALING DIN TEACHER NAMIN MAGTURO AT NAKIKISAMA. PARA HINDI MABIGAT BUONG SCHOOL YEAR HUHU

[@FilipinoAccountingTutorial]

Welcome Eljoy 💛

[@rommelcastro1055]

Salamat po dito! Sana marami pa pong tutorials para mahasa yung foundation namin sa accounting :))

[@FilipinoAccountingTutorial]

You're welcome enyong! More tutorials soon!

[@nine3894]

Sobrang natulungan akong mag advance study for our online class mamaya. Keep up the good work po kasi marami po kayong natutulungan sa pag-iintindi para sa accounting(CFAS) subject namin🖤.

[@FilipinoAccountingTutorial]

Thanks Francine! Marami pa kaming i-a-upload na CFAS lessons dito. Masaya kami makatulong. Stay safe! 👍

[@nourhidayamacarampat9592]

THAAANKKKKK YOUUU SOO MUCHHH FOR THISSSS SUPERRRRR THANKKK YOU PO 😍

[@FilipinoAccountingTutorial]

You're welcome Nourhidaya. Mag aral nang mabuti ❤️

[@shymaandrade2408]

thank u po dito, God Bless 😊

[@FilipinoAccountingTutorial]

Welcome Shyma!

[@s4bpl]

hello sa mga kaklase ko from USL charrr

[@RJFromManila]

Laking tulong nito sir! ❤❤

[@FilipinoAccountingTutorial]

Masaya kaming makatulong Rj 😃

[@paulrigor9350]

Please release po kayo ng video tungkol sa conceptual framework mga pas

[@FilipinoAccountingTutorial]

Hi Pauleng! Yes kasama yan sa mga videos natin soon

[@loloysenpai1584]

Ty po ❤️

[@FilipinoAccountingTutorial]

You're welcome, Loloy 🙂

[@caylavergara1605]

Thank you po 💖😊

[@FilipinoAccountingTutorial]

You're welcome Cayla ❤️

[@wawawa4699]

Maraming salamat poooo

[@FilipinoAccountingTutorial]

Walang anuman Camille 💛

[@angelasshii]

salamat po sa tutorial 😭😭💖💖. yun allowance for bad debts po ba im-minus sa accounts receivable?

[@FilipinoAccountingTutorial]

Walang anuman Angela. Yes, minus sa A/R.

[@aroncalaguin4311]

Thankyouu pooo❤

[@srprsmthrfckr885]

Salamat po sir

[@FilipinoAccountingTutorial]

Walang anuman, Ericson 🧡

[@merinpj9406]

Sir pwede kapo gumawa ng video about accounting principles

[@FilipinoAccountingTutorial]

Yes Merin!

[@leeminho8238]

pwede po magrequest ng video about property and plant equipment sa FAR di po kasi sa amin naturo and para po sa Amin medyo mahirap intindihin. please po😊

[@FilipinoAccountingTutorial]

Consider namin itong request mo.

[@ma.christineorale6441]

Paano po gagawin pag may Ordinary share capital share premium Share premium-share warrants outstanding Share premium- treasury shares Retained earnings Pagsasamahin po ba yan lahat? Salamat po 😊

[@neffreteryching3134]

Salamat po sa tutorial 😭

[@FilipinoAccountingTutorial]

Walang anuman Neffretery 💛

[@jowelventura3899]

Sir MAS topic naman po. Salamat.

[@FilipinoAccountingTutorial]

Yes Jowel, naka line up na yan

[@shrimpeko4593]

thank u sir dito. awit yung teacher namin di pa kami nag lesson nito pinagawa kami agad lngya wala kami ideya ano toh.. ;/

[@FilipinoAccountingTutorial]

You're welcome, Shrimpeko 🙂 Hope this video will help. Marami pa kami accounting videos dito. Mag aral nang mabuti 🙂

[@timberlypalo139]

Saan po na belong ang capital sa current assets, non-current assets, current liabilities or sa non current liabilities?

[@FilipinoAccountingTutorial]

Hello Timberly. Assets is equal to Liabilities plus Capital. Capital is basically anything na karapatan ng owner sa negosyo. That is, Assets minus Liabilities (liabilities ay utang which is karapatan naman yan ng mga nagpautang sa business) = Capital. We hope it helps.

[@lovelybation6276]

Salaries expenses san ba siya? Liability? Or asset?

[@nysaarrianabigcas3893]

Sir pano po kapag may expense na kasama sa transaction kagaya po ng selling expense po. And another po, net income, saan po sila ilalagay, assets or oe po? Thank you po. God bless po

[@rosemarietrazo5652]

Sir. Ang unearned rent income Po ba ay kabilang sa trade and other payables?

[@tobytungcab7306]

yung allowance for doubftul accounts po nca po ba?

[@mingolesliejoya.7421]

Considered as a Contra asset account associated with Accounts Receivable. It is as a direct deduction to AR, which normally presented in the notes to the FS. When Allowance for Doubtful Accounts is subtracted to AR, the resulting amount is called Net Realizable Value of AR. The NRV is the amount to be presented in the FS for it is the required valuation for AR.

[@greatcy3310]

Ilallagay pa po ba sa balance sheet ang expenses at revenues?

[@FilipinoAccountingTutorial]

Hello Great. Ang revenues and expenses ay nasa income statement makikita. Hindi mo na yan makikita ang mga yan sa balance sheet kasi naka-paloob na ang revenur and expenses sa capital (if sole proprietorship, partnership), or sa retained earnings (if corporation). Hope this will help.

[@styleandbloom7810]

Hello sir. Bakit po yung sa exam samin yung provided na problem samin mga ratios para makagawa/buo ng financial position?

[@FilipinoAccountingTutorial]

Hello Pauline. Probably, application yan ng financial ratios 🙂 kapag kasi intermediate accounting tapos statement of financial position, hindi nababanggit ang financial ratios. ♥️

[@johnlloydumali4832]

Hello. Pano naman po malalaman kung how much money did the owner withdrew from the business?

[@FilipinoAccountingTutorial]

Hello john. In actual madali lang naman madetermine yung money wihdrew by owner. For accounting problems purposes, marami mga possible way to determine yan. Maaari mong gamitin yung format ng statement of changes in equity ng sole prioprietorship para madetermine yung amount withdrew. Hope it helps. ❤️

[@johnerictaguinod5452]

Notes Payable- long term (P50,000 due in 1 yr) = 1,400,000 sir, paano po ito? ano pong gagawin sa 50,000? sana po masagot

[@johnerictaguinod5452]

non current assets po ba? 1,400,000 - 50,000 po ba? plss po, salamat

[@amielreyes8061]

Paano po ung SOFP pag Account Format po?

[@shalaikaludana6180]

okay lang po ba kahit hindi mauna yung cash and cash equivalent sa Accounts receivable? or kailangan talaga? sana po mapansin niyo comment ko dito po kasi ako nag aaral sa page niyo heheh salamt po

[@FilipinoAccountingTutorial]

Hi Shalaika. Dapat mauna ang cash and cash equivalent kasi pinepresent natin ang assets sa balance sheet in order ng liquidity ng assets. In order of liquidity, Cash and Cash equiavlents > A/R. Hope this will help.

[@gm861]

Pwede po single entry at cash to accrual naman po

[@FilipinoAccountingTutorial]

Noted ito

[@gm861]

@@FilipinoAccountingTutorial salamts po sir. Nawawala po kasi ko pag cash to accrual.

[@abishixa]

comparative po ba yan

[@christinejanebucat1297]

hello po ask ko lang po kung sa assets po hindi po ba yung total is 10.9m? correct me if im wrong po salamat po. natuto po ako sa video :)

[@keithcharleybecker2862]

9:17 bakit po nagminus doon.. Paki explain naman po

[@kennzmanapsal2615]

Naintindihan kuna Sana ei kaso Ang ingay ng katabi ko dto nag sound trip test pa Naman bukas😑 modular pala ako not online

[@FilipinoAccountingTutorial]

Goodluck sa test kennz.

[@kennzmanapsal2615]

@@FilipinoAccountingTutorial salamat idol

[@benedictcelestecorre4244]

Hindi lahat Alam Ang mga abbreviation niyan pakilagay po sa sunod

[@kittygangjimin1298]

what to do po when preparing for SOFP if missing ang both cash and capital sa given accounts?

[@allynmaepingkian]

Lisoda aning bobo ta uy