# CHAP5 - REPORTING RESULTS
# --------------------------------
# 4 ETATS FINANCIERS
# Income Statement :
# Revenues - Expenses = Net Income
# Revenues = ventes, services
# Expenses = salaires, loyer,
# utilities, depreciation, etc.
# --------------------------------
# Retained Earnings :
# Beginning RE + Net Income
# - Dividends = Ending RE
# Ending RE va dans Equity (BS)
# --------------------------------
# Balance Sheet :
# Assets = Liabilities + Equity
# Equity = Capital Stock + RE
# Assets = cash, AR, supplies,
# prepaid, equipment, building, land
# Liabilities = AP, salaries pay,
# interest pay, taxes pay,
# unearned revenue, notes payable
# --------------------------------
# Cash Flow Statement :
# Operating = cash reçu - cash payé
# Investing = achats/ventes actifs LT
# Financing = stock, emprunts,
# remboursements, dividendes
# Ending Cash -> Balance Sheet
# --------------------------------
# RELATION ENTRE ETATS
# Net Income -> Retained Earnings
# Ending RE -> Balance Sheet
# Ending Cash -> Balance Sheet
# --------------------------------
# CLOSING ENTRIES (fin d'année)
# Objectif : remettre a zero
# Revenues, Expenses, Dividends
# --------------------------------
# 1) Fermer revenues :
# Dr Revenues
# Cr Income Summary
# --------------------------------
# 2) Fermer expenses :
# Dr Income Summary
# Cr Expenses
# --------------------------------
# 3) Transferer Net Income :
# si NI : Dr Income Summary ; Cr RE
# si perte : Dr RE ; Cr Income Summary
# --------------------------------
# 4) Fermer dividends :
# Dr Retained Earnings
# Cr Dividends
# --------------------------------
# APRES CLOSING :
# restent seulement Assets,
# Liabilities, Equity
# (comptes permanents)