Activity 1.1.1 Prepare A Personal SFP B.: What I Know FABM2

What I Know FABM2
1. C
2. D
3. D
4. A
5. A
6. B
7. A
8. D
9. D
10. C
Activity 1.1.1 Prepare a Personal SFP
B.
Savings ₱250.00
Shoes ₱100.00
Pants ₱200.00
T-shirt ₱250.00
Watch ₱1,250.00
Jewelries ₱3,500.00
Skin Care ₱300.00
School Supplies ₱300.00
Total ₱6,150.00
C.
Juan Jewelry Shop ₱2,000.00
Food Delivery ₱300.00
House Rental ₱1,000.00
Total ₱3,300.00
D.
₱6,150.00
- 3,300.00
₱2,850.00
E.
Marinel Labro Soriano
Statement of Financial Position
As of November 30 2021
Assets Liabilities
Cash ₱250.00 Account Payable ₱3,300.00
School Supplies 300.00 Total Liabilities ₱3,300.00
Personal Things 2,100.00 Equity
Investment 3,500.00 Marinel, Capital ₱2,850.00
Total Assets ₱6,150.00 Total Equity ₱2,850.00
Total Liabilities and Equity ₱6,150.00
Processing Questions:
1. ₱2,850.00
2. Yes, I have greater assets because I have ₱6,150.00 total of assets.
3. I don’t have zero or negative computation in my personal SFP
4. In my opinion, bigger assets are much prefer of most of the companies because
they can solve the financial problem easily if they business strategy didn’t work.
They can easily create new strategy without thinking the cost of new
advertisement.
5. SFP is important in our life because we can manage our money if we have good
financial statues or health.
What’s More
ACCOUNTS ELEMENT CLASSIFICATION
Accounts Payable Liability Current
Accounts Receivable Asset Current
Cash Asset Current
Interest Payable Liabilities Current
Acain, Capital Capital
Notes Payable Liabilities Current
Notes Receivable Asset Current
Prepaid Rent Asset Current
Property and Equipment Asset Noncurrent
Raw Materials Asset Current
Salaries Payable Liabilities Current
Supplies Asset Current
Utilities Payable Liabilities Current
Cash in Bank Asset Current
Finished Goods Asset Current
Accrued Interest Liabilities Current
Bonds Payable Liabilities Noncurrent
Prepaid Insurance Asset Current
Unearned Income Liabilities Current
Land Asset Noncurrent
Goods in Process Asset Current
Acain, Personal Capital
Furniture and Fixtures Asset Noncurrent
Accrued Salaries Liabilities Current
Income Tax Payable Liabilities Current
Intangible Assets Asset Noncurrent
Delivery Truck Asset Noncurrent
Interest Receivable Asset Current
Supplementary Material
1. The video is all about what is Financial Position and describe what different parts
of SFP. And how works Statement of Financial Position. It gives a real-world
company: aerospace corporation Airbus, he reviews the SFP for December 31 st,
2019. Non-current assets €57.7 billion, current assets €56.7 billion adding up to
total assets of €114.4 billion. Equity €6 billion, non-current liabilities €46 billion,
current liabilities €62.4 billion, the total owned equity and liabilities is €114.4
billion. Current assets divide by current liabilities is 0.9 for Airbus for every Euro
of current liabilities, theirs is 90 cents of current assets available. Equity had total
of 5.2% it is lowered compared to the other companies. This is the summary of
the video I watched.
2. Research is important because it will help us to know what the meaning behind
those things and it will help us to understand what the importance of one thing in
this world. It can make us more interesting in those things that we want to know.
3. We can apply it in our everyday life by we can easily answer the questions of
others if they need help about doing research.
Activity 1.1.3 Fill Me Now
1. ₱176,000.00
2. ₱30,000.00
3. ₱200,000.00
4. Current assets ₱640,000.00 current liabilities ₱30,000.00
5. Account Receivable ₱50,000.00
6. Noncurrent liabilities ₱190,000.00
Assimilation
K
What I Know
W
What I Want to Know
L
What I Learned
I know the meaning of I want to learn how to I learned to write or

assets and liabilities. create proper Statement of analyze Statement of
Financial Position. Financial Position or SFP.
And I learned the
importance of SFP in our
personal life.

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