Join Rudolph Rosenberg for an in-depth discussion in this video Fixed and other assets, part of Financial Literacy: Reading Financial Reports.
- [Voiceover] Next, our categories of assets…that are, let's say, less current.…Net fixed assets is a category that covers…the properties, equipment,…and more generally anything that is necessary…to run the business,…but does not vary with individual transactions.…You can find in this category one or more offices,…production equipment, computers, cars,…and so on.…Of course, to be included in the net fixed assets category…any item must be fully owned by the company.…
For example, if the ICS is renting its stores…it is then not the owner of the store.…In that case, this is just a monthly expense…to the company,…and the store value cannot be included…in the net fixed assets category.…We will see further on where it is recorded.…Usually, the net fixed assets category is divided…into two subcategories.…The first one is called fixed assets at cost,…which reports the value of assets at the time of purchase.…
The second is called the depreciation.…The notion of depreciation is complex…and important to understand.…The following video is therefore dedicated…
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- What is a financial statement?
- Reading the balance sheet
- Understanding depreciation, liabilities, and equity
- Reading the income statement
- Understanding revenue, costs, profitability, and net income
- How cash flow works
- Analyzing financial documents with context<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Skill Level Appropriate for all
1. Financial Statements
2. The Balance Sheet
3. The Income Statement
4. The Cash Flow Statement
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