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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[anantjain]

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

[MaximiliandeVries]

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

[naongg]

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

[henryword-fwzm]

just got a six on my business test and i learned basically everything from ur videos. ur the goat man🙌

[aleshafeisal]

thank you so much! ive been referencing you in my business notes alongside the textbook <3

[krissy]

6:28 you gave me a heart attack


edited: 18:37

[haniajj]

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

[ale.-.]

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

[harneetkaur]

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!!!

[faridaghazada]

Hello. I think you forgot to include the intangiable assets

[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.

[jamesfive]

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.

[tanishkabhadale]

wait how was te dividend and retain profit found