![]() ![]() With Apple and Amazon both pledging to invest upwards of a billion dollars into big-budget theatrical releases that will presumably be made to a higher standard, there’s reason to hope that “Ghosted” will be the last time a Netflix competitor spends a fortune on an instantly disposable straight-to-streaming action movie that wastes a fun group of actors on some bad Atlanta green screen and a script that feels like it was written by ChatGPT (alas, we’re getting an “Extraction 2” no matter what). If anything, “Ghosted” is just happy to evoke the concept of entertainment in the hopes that some pretty faces and a familiar arrangement of flashing lights might be enough to convince the stock market that Apple is investing its money rather than just pissing it into the wind. If we’re lucky, however, “Ghosted” might also represent the final whimper before a mutual retreat. Directed by Dexter Fletcher with all the style and fun that he brought to “Bohemian Rhapsody,” this gender-swapped riff on “The Spy Who Dumped Me” was shot like a car commercial, lazily borrows from an obvious litany of actual Hollywood blockbusters, and constantly betrays the fact that it was made without any real financial interest in actually being good. Lighter on its feet and less agonizing than last summer’s “The Gray Man” (despite sharing two key cast members with the Russo brothers’ $200 million spy-v.-spy slog), “ Ghosted” nevertheless manages to feel like a model casualty of the recent content wars. As we move down, the information gets less detailed and more concentrated.Įach of these processes play an important part in accounting and help businesses to understand, track, and improve how they earn and spend money.‘Youth (Spring) Review: Wang Bing Shows Working-Class China Through Austere Eyes It can be helpful to think about this accounting process like a funnel. The Income Statement summarizes the revenues and expenses over a given period of time (usually one year).Īnd, The Statement of Cash Flows summarizes a company’s cash flows related to operating, financing, and investing activities. The Balance Sheet shows a company’s assets, liabilities, and shareholders’ equity for a given point in time (usually year-end). The most commonly known financial statements are the Balance Sheet, The Income Statement, and The Statement of Cash Flows. ![]() They can be used internally by managers to make strategic decisions they can be used externally by stakeholders to make investment decisions. Financial Statementsįinancial statements are prepared reports that represent the financial operations of a company. As its name suggests, it’s a trial or a test to see if all of the entries add up, or balance, properly before creating the financial statements. It’s a tool that helps check the clerical accuracy of transactions that have been recorded to date. The trial balance contains a listing of a company’s financial accounts along with their balances. Thankfully, most of this is done on computers now! The general ledger is basically like the diary of a company, showing a chronological listing of transactions.īelow is an example of what a general ledger used to look like. Have you ever heard the phrase ‘on the books’? This is referring to a company’s general ledger, which used to be a large, hand-written book containing all of the financial accounts of an organization. Notice that those amounts are the same-this should always be the case! Depending on the size of the company, there can be hundreds, thousands, and even millions of journal entries made each year! There are two accounts involved in this journal entry, Accounts Payable and Cash, and there are two amounts, $900 and $900. The journal entry shows the date, the accounts that are involved with the transaction, as well as the amounts of money.īelow is an example of a journal entry. buys a piece of equipment, sells inventory to a customer, etc.), they will record this transaction by creating a journal entry. Here is an overview of how companies use accounting to keep track of their money. From small mom-and-pop shops to multi-million dollar corporations, knowing who you’ve paid or who owes you is vital for a successful operation. ![]()
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