S1 E3 Ice cream production: recording inventory changes, profit and loss accounts, P&L explained with example

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Bibi Bilanzierung

Published on Nov 13, 2020
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📸 Now NEW: Bibi's Instagram channel ➜ https://bit.ly/3MTWRh1 📝 PRACTICE TASKS FOR THE EPISODE: https://bit.ly/3HptXmJ 👍 ... OF COURSE THERE ARE ALSO THE EXACTLY CORRECT SOLUTIONS: https://bit.ly/3Giq3L7 📘 NOT ENOUGH YET!? CLICK HERE FOR THE FREE TEXTBOOK: https://bit.ly/3447FZr #WeLoveAccounting #P&L #ProfitAndLossStatement #Expenses #Revenue #FinishedProducts #WorkinProcessAccounts #Bookkeeping What are finished and work in progress? What are inventory increases and inventory decreases? Contents: 2:30 Annual profit and loss 3:01 Profit and loss statement (P&L) and the connection with the balance sheet 8:13 Total cost method and cost of sales method 9:19 Manufacturing process: work in progress and finished products as well as raw materials, consumables and supplies 10:13 Inventory increases and inventory decreases 11:29 Expense accounts and income accounts 14:55 Inventory determination: inventory method and discount method 15:57 Consumption of stocks and withdrawal from stock The channel's videos, accompanying materials and scripts are licensed under CC BY-SA 4.0 (https://creativecommons.org/licenses/....

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