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Understanding how it works means you can imagine how it works in the field.【Why bookkeeping knowledge is still useful in an IT world】
2021/1/12
Will we need to spend more time understanding the nature of our business as IT becomes more advanced? To the question, "How do you think the world works?", I answer that it is beneficial in the sense that if you can understand the mechanics of business, you can imagine how the world works. If you understand bookkeeping, you can imagine the movement of goods, money, and cash, and you can also imagine the structure of the company's operations.
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Improving Profitability and Operations for Post-Corona Pandemic (2)【Costing leading to a change in business structure】
2021/2/14
The Corona pandemic is the perfect opportunity to review cost accounting from the perspective of improving profits, and it is important to have a management accounting element that allows you to see operating income, which is calculated by subtracting operating income from sales by aggregating not only manufacturing costs but also cost of sales and SG&A expenses, and it is necessary to change the mindset from a cost center to a profit center.
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Improving Profitability and Operations for Post-Corona Pandemic【Systematization to change the flow and structure of business data】
2021/2/14
We examine ways to improve profitability from an accounting perspective and a supply chain perspective, and consider ways to improve business operations with IT infrastructure. If we try to change the way we work to improve business efficiency, we need to change the flow and structure of business data, and systematization is inevitable.
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Three financial tables, a standard format for explaining corporate activities【Basic knowledge that should be understood even as the system becomes more automated】
2021/1/8
The three financial tables, the income statement, the balance sheet and the cash flow statement, are the world's standard formats for expressing corporate activities in terms of the movement of goods, money and cash, and they are knowledge that should be systematically understood in order to generate new ideas based on the essence of business operations, even if the systemization of business operations has progressed.
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Accounting that incorporates the time axis into the three-dimensional real world and thinks in four dimensions
2020/4/10
The real world is a three-dimensional world of up, down, left and right, front and back, and the transactions that occur in this space are recorded. When you buy something and pay money or pay by credit, the thing becomes your own.
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Deciphering events from an accounting perspective
2020/3/31
Sales from the business are repeated under the constraint of having to replenish cash in the checking account before funds are shorted, and if you can't get a concrete picture of this basic constraint of company continuity and the flow of money behind the glittering events described above, you'll get a sense of a shade of shenanigans.
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Accounting journal entries and tax predictions for bitcoin transactions【Comprehensive taxation on miscellaneous income and separate taxation of capital gains】
2020/10/3
Japan's National Tax Agency has published a tax policy for profits generated by virtual currency trading.
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Adjusting Entries - Deferred Expense, Supplies, Deferred Revenues
2020/3/31
We are going to talk about adjusting entries. Specifically in this segment we'll talk about two adjusting entry situations, prepaids and supplies. So let's get right into the material by asking the obvious quesiton what is an adjusting entry. And adjusting entry is merely a journal entry that is made at the end of the month.
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Cash basis vs Accrual basis
2020/10/11
We will be comparing and contrasting the cash basis accounting versus accrual basis accounting. What are these accounting systems? These are two different types of accounting methods by which a company can maintain their records.
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The rules of debit and credit
2020/3/31
I am going to show you how to remember the rules of debits and credit, so you will know how to prepare financial statements using these rules. So to help you out I have put some information behind me here on the whiteboard.
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Balance Sheet, Profit and Loss Statement, Cash Flow Statement
2020/3/31
Balance sheet is nothing but another financial document that we accomplished prepared to provide a user with more information about the financial potition of a company. you can look up your textbooks for a more formal definition.
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Understanding the entire business system from an accounting perspective
2020/3/31
When the inventory based on the actual input in the production control system is in the production control location, the outflow is an incurred expense and the inflow is recorded in the asset account as work in process inventory, but when the inventory is in the sales control location, the inflow is the cost of production and the outflow is recognized as cost of sales.
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Closing Entries
2020/3/31
Let's talk about why do we close the books. The best analogy is one that I read years back in a textbook it was a sports analogy and I'm going to paraphrase that to help us understand this closing process a little better. Let's assume that the Yankees and the Orioles two baseball professional teams are playing each other.
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Statements of cash flows and foreign exchange gains and losses
2020/4/12
Since the direct method calculates the balance of cash and cash equivalents by aggregating the pluses and minuses of cash and deposits (Cash/Bank) into transaction units (showing the total amount), it is necessary to adjust the translation of foreign exchange gains and losses related to cash and deposits among the unrealized foreign exchange gains and losses.
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Net income becomes retained earnings and is disposed of as profit.
2020/4/13
The reason why it is said that a company's retained earnings do not necessarily exist in the company as cash deposits is that even if net assets increase by transferring profits and losses to retained earnings, accounts receivable, which is the substance of earnings, will eventually be converted into cash and deposits, and the balance will decrease due to capital investment and repayment of loans, etc., independently of the movement of net assets.
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The idea of debit and credit
2020/4/17
If we consider the source of the payment as the basis, we can say that debit is an asset (debit) and credit is a liability (credit), while debit is a right to claim and credit is an obligation to be claimed, giving the other party the right to issue a debit note to the other party.
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Paid and free supply to subcontractors
2020/4/13
However, the P/O price issued to the subcontractor includes material cost and processing cost only in the case of paid supply and processing cost only in the case of free supply.
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Memproses dengan mengirim dan menerima kriteria berdasarkan prinsip akrual
2021/1/4
The accrual basis is independent of cash receipts and disbursements. Since revenue and expenses are recorded at the time of transaction occurrence, sales (revenue) and purchases (expenses) are recognized at the time of shipment and arrival, and age management (aging) is also managed based on the recording of receivables and payables, and invoices are only a unit of billing and payment and a unit of money movement.
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Capital lease agreements that are depreciated as leased assets
2020/4/1
An operational lease is the same as an effective rental of the asset of the leasing company, capital lease (finance lease from the leasing company) = sale and leaseback is your own leased asset, so you will incur depreciation and transfer to the asset at the end of the lease term.
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What is the difference between the month of VAT tax treatment and the month of purchase recording?
2021/1/4
In the case of Indonesian domestic transaction, the month of Faktur pajak should be the same as the month of invoice date, but this means that taxation should be done in the month of invoice date.