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The Heritage. Notions and variations - Coggle Diagram
The Heritage. Notions and variations
The assets of a company, individual or collective, is the set of
ASSETS, RIGHTS and OBLIGATIONS that constitute the media
economic and financial through which it can fulfill its purposes
The value of the heritage gives us an idea of the value of the company itself and is
obtained by subtracting the financial structure from the economic
The assets are the different items that make up the
Company equity.
Nature: economic goods, rights and
obligations
The set of goods and rights that belong to the company is what is
called economic structure
Goods: they are physical elements owned by the company.
Rights: they involve third-party commitments to the company
Obligations: contrary to rights, they are the debts of the company
in front of third parties
Fundamental basic equations
A = P + C
ASSETS = LIABILITIES + CAPITAL
A: Active
P: Passive
PN: Equity
C: Capital
I: Income
G: Expenses
Static equation:
E
s one where the Equity is composed only of
the contributions
of the owners (Capital)
PN = C
There are no results of any kind.
Replacing in (1) the Equity by its equal:
A-C = P which is the static equation.
Dynamic equation:
PN = C + I - G
Replacing in (1) the Equity by its equal:
A- P = C+I –G
The Net Worth of an entity can be expressed in two ways:
By its components: PN = C + RESULTS
2
. By difference between the remaining equity components:
A - P = PN (1)
Concept of Assets, Liabilities, Equity,
Earnings and loses
Active
It is represented by all positive values, that is, what the company
owns and is entitled to receive. Composed of the patrimonial elements that mean goods and rights
company property
passive
They are all negative values, that is, what the company must and has to
pay any person or entity except its owner.
Net worth
composed of those elements that collect the value
of the funds that the entrepreneur has contributed (initial value of the shares)
Equity: (asset - liability) represents the true participation of the
partner or owner in the entity. Capital: (the money that the partners contributed)
The Profit and Loss Account is in charge of showing us the Profit or
Loss of the company. Although this account can be consulted in any
moment of exercise, it is usually used at the end of the exercise.
The Profit and Loss account is calculated from the following
games:
Exploitation Results::
Financial results: