Скачать или смотреть Accounting Out Loud: A Song About Financial Statements & Accounting

For the auditory learners out there struggling with financial statements.

---Ho! Hey!
C F C
I've been studying all night
C F C
Numbers just won’t add up right
C F C
Learning formulas... feeling dread
C F Am
Wish I had a song instead
Am G F C F C
To keep accounting terms in my head...

Verse 2- LOUDER
C F C
Shareholders equity
C F C
You’ll find it on the balance sheet
C F C
Close to Liabilities
C Am
add them up they equal assets.... sweet
Am G F C
excel spreadsheets are neat.

CHORUS
Am G C
If you don’t want to fail, remember the A.L.E, its fundamental
Am G F C
Liabilities Shareholders Equity equal assets.... Every time



---HELLO
Em G D C
Hello, It’s me....
Em G D C
I hear that you could use some help ranking assets by liquidity
Em G D C
It’s not so hard, you see
Em G D C
Always remember cash comes first well before AR and inventory

PRE-CHORUS
Em D Bm C
There's such a difference between assets
Em D C
And current assets



CHORUS
Em C G D
Just in case you are unclear
Em C G D
Current assets get converted into cash within a year
Em C G D
You’ll find assets, on top of the balance sheet
Em C G D Em G D C
Directly above, lia-----bili---ties and equity...

.... But what does it all mean....?

---Thinking Out Loud
C C-E F G
When current assets don’t cover current liabilities anymore
C C-E F G
Your current ratio’s fallen below one
C C-E F G
Will you still manage to pay all of your bills?
C C-E F G
When the next fiscal year is said and done?
C C-E F G C C-E F G
And Investors will be wondering bout profitability
C C-E F G C C-E
Subtract expense from revenues to see if you made money
F G
We call that net income....
PRE-CHORUS
Dm G C
People retain earnings in mysterious ways
Dm G
Maybe paying dividends is the plan
Dm G Am
We’re just about at the end of of this ridiculous song
Dm G
Here are a few last second tips to ensure you don’t get any questions wrong....
C C-E
Remember what Michael Scott says

CHORUS
F G C C-E F G
You miss 100% of the shots you don’t take - Wayne Gretzky
C C-E
Read and answer all of the questions carefully
F G C C-E
Show your work next to each and every one
F G
And bring a non-programmable calculator
Am G F C-E Dm G C
Thank God we didn’t cover tax.
Am G F C-E Dm G C
Also I’ll bring you some snacks.