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Bookkeeping

The Basic Accounting Equation Financial Accounting

Bookkeeping
Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Simply put, the rationale is that the assets belonging to a company must have been funded somehow, i.e. the money used to purchase the assets did not just appear out of thin air to state the obvious. Think of retained earnings as savings, since it represents the total profits that have been saved and put aside (or “retained”) for future use. The major and often largest value assets of most companies are that company’s machinery, buildings, and property. Assets include cash and cash equivalents or liquid assets, which may include Treasury bills and certificates of deposit (CDs). On 1 January 2016, Sam started a trading business called Sam Enterprises with an initial investment of $100,000.An ...