A statement of retained earnings (and similarly an equity statement, statement of owner's equity for a single proprietorship, statement of partners' equity for a partnership, and statement of retained earnings and stockholders' equity (for a corporation) is a basic financial statement.
The statement explains the changes in a company's retained earnings over the reporting period. They break down changes in the owners' interest in the organization, and in the application of retained profit or surplus from one accounting period to the next. Line items typically include profits or losses from operations, dividends paid, issue or redemption of stock, and any other items charged or credited to retained earnings.
A retained earnings statement is required by the U.S. Generally Accepted Accounting Principles (U.S. GAAP) whenever comparative balance sheets and income statements are presented. It may appear in the balance sheet, in a combined income statement and changes in retained earnings statement, or as a separate schedule.
In accounting, retained earnings (sometimes plowback) refers to the portion of net income of a corporation that is retained by the corporation (plowed back) rather than distributed to shareholders as dividends (paid out). Similarly, if the corporation incurs a loss, then that loss reduces the corporation's retained earnings balance. If the balance of the retained earnings account is negative it may be called retained losses, accumulated losses or accumulated deficit, or similar terminology.
If a company is publicly held, the balance of retained earnings account that is negatively referred to as "accumulated deficit" may appear in the Accountant's Opinion in what is called the "Ongoing Concern" statement located at the end of required SEC financial reporting at the end of each quarter.
Retained earnings are reported in the shareholders' equity section of the corporation's balance sheet. Corporations with net accumulated losses may refer to negative shareholders' equity as positive shareholders' deficit. A report of the movements in retained earnings or losses are presented in the Statement of Retained Earnings or Statement of Retained Losses.
What is the meaning of the term retained earnings? Where do retained earnings show up in the financial statements? What makes retained earnings go up or down?
⏱️TIMESTAMPS⏱️
00:00 Introduction to retained earnings
00:28 Retained earnings definition
00:43 Retained earnings on the balance sheet
01:53 Reinvested earnings example
04:04 Retained earnings example
05:08 Accumulated deficit
In this video we walk through the definition of retained earnings, analyze two real-life examples of well-known companies to understand how retained earnings get accounted for, and provide bonus tips above and beyond what other videos and textbooks would give you on things you should know about retained earnings.
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable...
published: 12 Feb 2018
Retained Earnings
This video explains what the retained earnings account is in the context of financial accounting and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkifi...
published: 29 Aug 2014
How To Calculate Retained Earnings
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 http://bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
How to Calculate Retained Earnings? Accounting University will show you basics of accounting through beautifully designed educational videos. Who says Accounting has to be boring?
Well corporations have savings account too. Only it is called Retained Earnings.
Let’s analyze these two words:
Retained + Earnings
Retained means “to ...
published: 03 Sep 2015
Complete a Balance Sheet by solving for Retained Earnings
This question asks us to calculate the amount of retained earnings in the balance sheet by applying the basic accounting equation.
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics. I will be attempting to talk about Retained Earnings in this video. The Net Income on the last day of the year turns into Retained Earnings on the first day of the Accounting Period. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video ha...
published: 05 Jul 2017
Retained Earnings - Sources of Business Finance | Class 11 Business Studies
✔️📚👉 Watch Full Free Course:- https://www.magnetbrains.com
✔️📚👉 Get Notes Here: https://www.pabbly.com/out/magnet-brains
✔️📚👉 Get All Subjects playlists:- https://www.pabbly.com/out/all-videos-playlist
===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Sources of Business Finance
✔️ Topic Name: Retained Earnings
===============================================
📢 🔥 Available (Kindergarten to 12th) all Video Subject wise Playlist https://www.pabbly.com/out/all-videos-playlist
Why study from Magnet Brains?
Magnet Brains is an online education platform that helps give You NCERT/CBSE curriculum based free full courses from Kindergarten to Class 12th so that you can perform well in any and all exams you give in your ...
published: 04 Dec 2019
Chapter 4 - Statement of Retained Earnings EXPLAINED!
This video describes the statement of retained earnings and how it is connected to the income statement, which was the subject of Video 1!
This video is used in conjunction with Chapter 4 in the ACC100 Introduction to Financial Accounting course at Ryerson University.
published: 01 Sep 2016
Retained Earnings | Formula | How to Calculate Retained Earnings?
In this video on Retained Earnings, here we provide you with definition of Retained Earnings and brief explanation of its formula.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬?
----------------------------------------------------
Retained Earnings is a part of the company's net income or net profit after paying the stockholders a dividend. It is also known as accumulated earnings or retained surplus.
𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
---------------------------------------------------
Below is the formula of Retained Earnings
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
------------------------------------------------------------------------------
#1 - Beginning RE
At the beginning of the financial year, starting RE is any accumulated surplus.
...
published: 29 Apr 2019
What Does Equity ACTUALLY Mean?
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
Discover what Equity means in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll find the definition of Equity in Accounting. You'll also learn how Equity is made up of Capital Contributions, Retained Earnings and Withdrawals. And as if that wasn't enough, you'll also find the link between the Income Statement and the Balance Sheet in the context of the expanded Accounting Equation.
⏱️TIMESTAMPS
00:00 - Intro
01:35 - Equity definition #1
02:37 - Equity definition #2
04:37 - How to structure your business?
04:44 - Sole Proprietor
04:50 - Partnership
04:43 - Corporation
05:29 - Capital Contributions Explain...
What is the meaning of the term retained earnings? Where do retained earnings show up in the financial statements? What makes retained earnings go up or down?
...
What is the meaning of the term retained earnings? Where do retained earnings show up in the financial statements? What makes retained earnings go up or down?
⏱️TIMESTAMPS⏱️
00:00 Introduction to retained earnings
00:28 Retained earnings definition
00:43 Retained earnings on the balance sheet
01:53 Reinvested earnings example
04:04 Retained earnings example
05:08 Accumulated deficit
In this video we walk through the definition of retained earnings, analyze two real-life examples of well-known companies to understand how retained earnings get accounted for, and provide bonus tips above and beyond what other videos and textbooks would give you on things you should know about retained earnings.
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
What is the meaning of the term retained earnings? Where do retained earnings show up in the financial statements? What makes retained earnings go up or down?
⏱️TIMESTAMPS⏱️
00:00 Introduction to retained earnings
00:28 Retained earnings definition
00:43 Retained earnings on the balance sheet
01:53 Reinvested earnings example
04:04 Retained earnings example
05:08 Accumulated deficit
In this video we walk through the definition of retained earnings, analyze two real-life examples of well-known companies to understand how retained earnings get accounted for, and provide bonus tips above and beyond what other videos and textbooks would give you on things you should know about retained earnings.
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
This video explains what the retained earnings account is in the context of financial accounting and provides an example.
—
Edspira is the creation of Michael ...
This video explains what the retained earnings account is in the context of financial accounting and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
This video explains what the retained earnings account is in the context of financial accounting and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounti...
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 http://bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
How to Calculate Retained Earnings? Accounting University will show you basics of accounting through beautifully designed educational videos. Who says Accounting has to be boring?
Well corporations have savings account too. Only it is called Retained Earnings.
Let’s analyze these two words:
Retained + Earnings
Retained means “to keep”. Corporations retain their earnings from year to year to be used for different purposes.
What is Retained Earnings used for?
To pay out Dividends
Reinvest Earnings into other Business Ventures
Finance other areas of their Operations
Earnings is the amount of money earned through the regular course of business after all expenses are deducted.
Where is Retained Earnings Reported?
Retained Earnings is reported in the Stockholders Equity Section on the Balance Sheet.
So, How do we calculate Retained Earnings?
Here is the Equation:
Beginning Retained Earnings
Net Income
Dividends
= Ending Retained Earnings
The Ending Retained Earnings is the Value that is Reported on the Balance Sheet.
Now let’s Review:
What is Retained Earnings?
It is the amount of income earned through regular course of business that is retained from year to year.
Here is the equation revisited:
How to calculate retained earnings:
Beginning Retained Earnings
Net Income
Dividends
= Ending Retained Earnings
Remember to Subscribe and Like! More Videos Coming Soon.
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 http://bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
How to Calculate Retained Earnings? Accounting University will show you basics of accounting through beautifully designed educational videos. Who says Accounting has to be boring?
Well corporations have savings account too. Only it is called Retained Earnings.
Let’s analyze these two words:
Retained + Earnings
Retained means “to keep”. Corporations retain their earnings from year to year to be used for different purposes.
What is Retained Earnings used for?
To pay out Dividends
Reinvest Earnings into other Business Ventures
Finance other areas of their Operations
Earnings is the amount of money earned through the regular course of business after all expenses are deducted.
Where is Retained Earnings Reported?
Retained Earnings is reported in the Stockholders Equity Section on the Balance Sheet.
So, How do we calculate Retained Earnings?
Here is the Equation:
Beginning Retained Earnings
Net Income
Dividends
= Ending Retained Earnings
The Ending Retained Earnings is the Value that is Reported on the Balance Sheet.
Now let’s Review:
What is Retained Earnings?
It is the amount of income earned through regular course of business that is retained from year to year.
Here is the equation revisited:
How to calculate retained earnings:
Beginning Retained Earnings
Net Income
Dividends
= Ending Retained Earnings
Remember to Subscribe and Like! More Videos Coming Soon.
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #38 / Retained ...
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics. I will be attempting to talk about Retained Earnings in this video. The Net Income on the last day of the year turns into Retained Earnings on the first day of the Accounting Period. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity
Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation
Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips
Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses
Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial
Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet
Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics
Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics
Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics
Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics
Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics
Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics
Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template
Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense
Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue
Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset
Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101
Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity
Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics
Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial
Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics
Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting
Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics
Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics
Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics.
#Accounting #Exercise #CPA
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics. I will be attempting to talk about Retained Earnings in this video. The Net Income on the last day of the year turns into Retained Earnings on the first day of the Accounting Period. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity
Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation
Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips
Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses
Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial
Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet
Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics
Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics
Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics
Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics
Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics
Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics
Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template
Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense
Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue
Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset
Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101
Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity
Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics
Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial
Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics
Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting
Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics
Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics
Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics.
#Accounting #Exercise #CPA
✔️📚👉 Watch Full Free Course:- https://www.magnetbrains.com
✔️📚👉 Get Notes Here: https://www.pabbly.com/out/magnet-brains
✔️📚👉 Get All Subjects playlists:- ht...
✔️📚👉 Watch Full Free Course:- https://www.magnetbrains.com
✔️📚👉 Get Notes Here: https://www.pabbly.com/out/magnet-brains
✔️📚👉 Get All Subjects playlists:- https://www.pabbly.com/out/all-videos-playlist
===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Sources of Business Finance
✔️ Topic Name: Retained Earnings
===============================================
📢 🔥 Available (Kindergarten to 12th) all Video Subject wise Playlist https://www.pabbly.com/out/all-videos-playlist
Why study from Magnet Brains?
Magnet Brains is an online education platform that helps give You NCERT/CBSE curriculum based free full courses from Kindergarten to Class 12th so that you can perform well in any and all exams you give in your academic career.
👉 Contact us 🤑🤑
➡️ Connect with us : [email protected]
➡️ Website : https://www.magnetbrains.com/
➡️ Subscribe to us on YouTube: https://www.youtube.com/MagnetBrainsEducation?sub_confirmation=1
➡️ Facebook : https://www.facebook.com/groups/MagnetBrains/
✔️📚👉 Watch Full Free Course:- https://www.magnetbrains.com
✔️📚👉 Get Notes Here: https://www.pabbly.com/out/magnet-brains
✔️📚👉 Get All Subjects playlists:- https://www.pabbly.com/out/all-videos-playlist
===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Sources of Business Finance
✔️ Topic Name: Retained Earnings
===============================================
📢 🔥 Available (Kindergarten to 12th) all Video Subject wise Playlist https://www.pabbly.com/out/all-videos-playlist
Why study from Magnet Brains?
Magnet Brains is an online education platform that helps give You NCERT/CBSE curriculum based free full courses from Kindergarten to Class 12th so that you can perform well in any and all exams you give in your academic career.
👉 Contact us 🤑🤑
➡️ Connect with us : [email protected]
➡️ Website : https://www.magnetbrains.com/
➡️ Subscribe to us on YouTube: https://www.youtube.com/MagnetBrainsEducation?sub_confirmation=1
➡️ Facebook : https://www.facebook.com/groups/MagnetBrains/
This video describes the statement of retained earnings and how it is connected to the income statement, which was the subject of Video 1!
This video is used i...
This video describes the statement of retained earnings and how it is connected to the income statement, which was the subject of Video 1!
This video is used in conjunction with Chapter 4 in the ACC100 Introduction to Financial Accounting course at Ryerson University.
This video describes the statement of retained earnings and how it is connected to the income statement, which was the subject of Video 1!
This video is used in conjunction with Chapter 4 in the ACC100 Introduction to Financial Accounting course at Ryerson University.
In this video on Retained Earnings, here we provide you with definition of Retained Earnings and brief explanation of its formula.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬?
-...
In this video on Retained Earnings, here we provide you with definition of Retained Earnings and brief explanation of its formula.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬?
----------------------------------------------------
Retained Earnings is a part of the company's net income or net profit after paying the stockholders a dividend. It is also known as accumulated earnings or retained surplus.
𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
---------------------------------------------------
Below is the formula of Retained Earnings
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
------------------------------------------------------------------------------
#1 - Beginning RE
At the beginning of the financial year, starting RE is any accumulated surplus.
#2 - Net Income
Net Income is the total earnings of firm in the financial year calculated by subtracting expenses such as material costs, general and administrative expenses, employee salaries, depreciation and amortization, debt interest and taxes from the company's revenue.
#3 - Dividend
The dividend is a portion of the Company's earnings distributed to shareholders as a reward for the Company's investment.
To know more about 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/retained-earnings/
Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
In this video on Retained Earnings, here we provide you with definition of Retained Earnings and brief explanation of its formula.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬?
----------------------------------------------------
Retained Earnings is a part of the company's net income or net profit after paying the stockholders a dividend. It is also known as accumulated earnings or retained surplus.
𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
---------------------------------------------------
Below is the formula of Retained Earnings
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
------------------------------------------------------------------------------
#1 - Beginning RE
At the beginning of the financial year, starting RE is any accumulated surplus.
#2 - Net Income
Net Income is the total earnings of firm in the financial year calculated by subtracting expenses such as material costs, general and administrative expenses, employee salaries, depreciation and amortization, debt interest and taxes from the company's revenue.
#3 - Dividend
The dividend is a portion of the Company's earnings distributed to shareholders as a reward for the Company's investment.
To know more about 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/retained-earnings/
Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
Discover what Equity means in Accounting. This episode is part of a series exploring...
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
Discover what Equity means in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll find the definition of Equity in Accounting. You'll also learn how Equity is made up of Capital Contributions, Retained Earnings and Withdrawals. And as if that wasn't enough, you'll also find the link between the Income Statement and the Balance Sheet in the context of the expanded Accounting Equation.
⏱️TIMESTAMPS
00:00 - Intro
01:35 - Equity definition #1
02:37 - Equity definition #2
04:37 - How to structure your business?
04:44 - Sole Proprietor
04:50 - Partnership
04:43 - Corporation
05:29 - Capital Contributions Explained
07:27 - Retained Earnings Explained
08:52 - Withdrawals Explained
09:39 - How the Expanded Accounting Equation works
♻️PLASTIC FREE FEB
▪ Facebook → https://www.facebook.com/pffeb
▪ Insta → https://www.instagram.com/plasticfreefeb/
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
Discover what Equity means in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll find the definition of Equity in Accounting. You'll also learn how Equity is made up of Capital Contributions, Retained Earnings and Withdrawals. And as if that wasn't enough, you'll also find the link between the Income Statement and the Balance Sheet in the context of the expanded Accounting Equation.
⏱️TIMESTAMPS
00:00 - Intro
01:35 - Equity definition #1
02:37 - Equity definition #2
04:37 - How to structure your business?
04:44 - Sole Proprietor
04:50 - Partnership
04:43 - Corporation
05:29 - Capital Contributions Explained
07:27 - Retained Earnings Explained
08:52 - Withdrawals Explained
09:39 - How the Expanded Accounting Equation works
♻️PLASTIC FREE FEB
▪ Facebook → https://www.facebook.com/pffeb
▪ Insta → https://www.instagram.com/plasticfreefeb/
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
What is the meaning of the term retained earnings? Where do retained earnings show up in the financial statements? What makes retained earnings go up or down?
⏱️TIMESTAMPS⏱️
00:00 Introduction to retained earnings
00:28 Retained earnings definition
00:43 Retained earnings on the balance sheet
01:53 Reinvested earnings example
04:04 Retained earnings example
05:08 Accumulated deficit
In this video we walk through the definition of retained earnings, analyze two real-life examples of well-known companies to understand how retained earnings get accounted for, and provide bonus tips above and beyond what other videos and textbooks would give you on things you should know about retained earnings.
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
This video explains what the retained earnings account is in the context of financial accounting and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 http://bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 http://bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
https://www.udemy.com/course/learn-accounting-unlock-the-numbers/?referralCode=1C71DB8E04DB39582920
🔥DOWNLOAD YOUR FREE DEPRECIATION CHEAT SHEET 👉 http://bit.ly/depreciation-cheat-sheet
How to Calculate Retained Earnings? Accounting University will show you basics of accounting through beautifully designed educational videos. Who says Accounting has to be boring?
Well corporations have savings account too. Only it is called Retained Earnings.
Let’s analyze these two words:
Retained + Earnings
Retained means “to keep”. Corporations retain their earnings from year to year to be used for different purposes.
What is Retained Earnings used for?
To pay out Dividends
Reinvest Earnings into other Business Ventures
Finance other areas of their Operations
Earnings is the amount of money earned through the regular course of business after all expenses are deducted.
Where is Retained Earnings Reported?
Retained Earnings is reported in the Stockholders Equity Section on the Balance Sheet.
So, How do we calculate Retained Earnings?
Here is the Equation:
Beginning Retained Earnings
Net Income
Dividends
= Ending Retained Earnings
The Ending Retained Earnings is the Value that is Reported on the Balance Sheet.
Now let’s Review:
What is Retained Earnings?
It is the amount of income earned through regular course of business that is retained from year to year.
Here is the equation revisited:
How to calculate retained earnings:
Beginning Retained Earnings
Net Income
Dividends
= Ending Retained Earnings
Remember to Subscribe and Like! More Videos Coming Soon.
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics. I will be attempting to talk about Retained Earnings in this video. The Net Income on the last day of the year turns into Retained Earnings on the first day of the Accounting Period. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity
Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation
Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips
Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses
Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial
Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet
Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics
Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics
Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics
Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics
Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics
Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics
Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template
Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense
Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue
Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset
Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101
Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity
Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics
Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial
Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics
Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting
Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics
Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics
Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics.
#Accounting #Exercise #CPA
✔️📚👉 Watch Full Free Course:- https://www.magnetbrains.com
✔️📚👉 Get Notes Here: https://www.pabbly.com/out/magnet-brains
✔️📚👉 Get All Subjects playlists:- https://www.pabbly.com/out/all-videos-playlist
===============================================
✅ In this video,
✔️ Class: 11th
✔️ Subject: Business Studies
✔️ Chapter: Sources of Business Finance
✔️ Topic Name: Retained Earnings
===============================================
📢 🔥 Available (Kindergarten to 12th) all Video Subject wise Playlist https://www.pabbly.com/out/all-videos-playlist
Why study from Magnet Brains?
Magnet Brains is an online education platform that helps give You NCERT/CBSE curriculum based free full courses from Kindergarten to Class 12th so that you can perform well in any and all exams you give in your academic career.
👉 Contact us 🤑🤑
➡️ Connect with us : [email protected]
➡️ Website : https://www.magnetbrains.com/
➡️ Subscribe to us on YouTube: https://www.youtube.com/MagnetBrainsEducation?sub_confirmation=1
➡️ Facebook : https://www.facebook.com/groups/MagnetBrains/
This video describes the statement of retained earnings and how it is connected to the income statement, which was the subject of Video 1!
This video is used in conjunction with Chapter 4 in the ACC100 Introduction to Financial Accounting course at Ryerson University.
In this video on Retained Earnings, here we provide you with definition of Retained Earnings and brief explanation of its formula.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬?
----------------------------------------------------
Retained Earnings is a part of the company's net income or net profit after paying the stockholders a dividend. It is also known as accumulated earnings or retained surplus.
𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
---------------------------------------------------
Below is the formula of Retained Earnings
Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE
𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐅𝐨𝐫𝐦𝐮𝐥𝐚
------------------------------------------------------------------------------
#1 - Beginning RE
At the beginning of the financial year, starting RE is any accumulated surplus.
#2 - Net Income
Net Income is the total earnings of firm in the financial year calculated by subtracting expenses such as material costs, general and administrative expenses, employee salaries, depreciation and amortization, debt interest and taxes from the company's revenue.
#3 - Dividend
The dividend is a portion of the Company's earnings distributed to shareholders as a reward for the Company's investment.
To know more about 𝐑𝐞𝐭𝐚𝐢𝐧𝐞𝐝 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬, you can go to this 𝐥𝐢𝐧𝐤 𝐡𝐞𝐫𝐞:- https://www.wallstreetmojo.com/retained-earnings/
Subscribe to our channel to get new updated videos. Click the button above to subscribe or click on the link below to subscribe - https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
Discover what Equity means in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll find the definition of Equity in Accounting. You'll also learn how Equity is made up of Capital Contributions, Retained Earnings and Withdrawals. And as if that wasn't enough, you'll also find the link between the Income Statement and the Balance Sheet in the context of the expanded Accounting Equation.
⏱️TIMESTAMPS
00:00 - Intro
01:35 - Equity definition #1
02:37 - Equity definition #2
04:37 - How to structure your business?
04:44 - Sole Proprietor
04:50 - Partnership
04:43 - Corporation
05:29 - Capital Contributions Explained
07:27 - Retained Earnings Explained
08:52 - Withdrawals Explained
09:39 - How the Expanded Accounting Equation works
♻️PLASTIC FREE FEB
▪ Facebook → https://www.facebook.com/pffeb
▪ Insta → https://www.instagram.com/plasticfreefeb/
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
A statement of retained earnings (and similarly an equity statement, statement of owner's equity for a single proprietorship, statement of partners' equity for a partnership, and statement of retained earnings and stockholders' equity (for a corporation) is a basic financial statement.
The statement explains the changes in a company's retained earnings over the reporting period. They break down changes in the owners' interest in the organization, and in the application of retained profit or surplus from one accounting period to the next. Line items typically include profits or losses from operations, dividends paid, issue or redemption of stock, and any other items charged or credited to retained earnings.
A retained earnings statement is required by the U.S. Generally Accepted Accounting Principles (U.S. GAAP) whenever comparative balance sheets and income statements are presented. It may appear in the balance sheet, in a combined income statement and changes in retained earnings statement, or as a separate schedule.