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Accounting | November 2018 – VirtualX MasterClass Series 3 | Episode 3

Welcome to Episode 3 of Series 3: Understanding the Balance Sheet in the Accounting | November 2018 – VirtualX MasterClass! In this enlightening episode, we unravel the intricacies of the balance sheet, also known as the statement of financial position. Join us as we explore key concepts and principles that drive balance sheet analysis and provide insights into a company’s financial health.

In this thought-provoking episode, we delve into authorized share capital, which represents the maximum number of shares a company is allowed to issue. Learn about ordinary shares, the most common type of shares, and understand how issued share capital reflects the portion of authorized shares that has been issued to shareholders. Explore the concept of buyback of shares and the implications it has on a company’s equity structure.

Discover the importance of retained income, which represents the accumulated net profits of a company after dividend payments. Gain insights into net profit after tax and its impact on the balance sheet, providing valuable information about a company’s financial performance.

Explore the concept of ordinary share dividends, including interim and final dividends, which are payments made to ordinary shareholders. Understand how these dividends affect the distribution of profits to shareholders.

Dive into shareholders’ equity, a key component of the balance sheet that represents the residual interest in the company’s assets after deducting liabilities. Learn about ordinary share capital, a major component of shareholders’ equity, and understand its significance in determining the ownership structure of a company.

Explore non-current liabilities, long-term debts and obligations that are not due within the next year, and current liabilities, short-term debts and obligations that are due within the next year. Gain insights into trade and other payables, representing the amounts owed by a company to its suppliers and other creditors.

By the end of this episode, you’ll have a clear understanding of the balance sheet, statement of financial position, authorized share capital, ordinary shares, issued share capital, buyback of shares, retained income, ordinary share dividends, shareholders’ equity, non-current liabilities, current liabilities, trade and other payables, and their significance in evaluating a company’s financial health.

Subscribe to our channel and turn on notifications to stay updated with each new release. Join us in Episode 3 of Series 3: Understanding the Balance Sheet in the Accounting | November 2018 – VirtualX MasterClass and enhance your knowledge and skills in financial analysis.

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Source: VirtualX MasterClass, Published: 2023-07-16 12:41:01

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