CF3-2 Financial Planning-Balance Sheet

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来自 Korea Advanced Institute of Science and Technology 的课程

Finance for Startups

2 个评分

Korea Advanced Institute of Science and Technology

Finance for Startups

2 个评分

Finance is one of the key ingredients for successful startups. Many entrepreneurs, however, lack knowledge of finance. This course teaches basic financial knowledge needed in starting and operating startups to entrepreneurs or would-be entrepreneurs who did not major in finance. Students of this course will learn to read and understand financial statements such as balance sheets, income statements and cash flow statements. They will also practice simple financial planning of a startup. This course also covers the concept company valuation as well as how startups get funding. This is a practical course aimed at direct application of the knowledge gained into running real startups. It also aims to enable entrepreneurs and would-be-entrepreneurs to understand the "language of finance" so that they can talk to professionals with confidence.

从本节课中

Financial planning and funding

Financial planning of a startup and seeking funding from outside investors.

CF3-1 Financial Planning-Cash Flow Statement7:44

CF3-2 Financial Planning-Balance Sheet6:12

CF3-3 Financial Planning-Income Statement3:47

CF3-4 Burn Rate6:17

CF3-5 Seed Funding7:59

CF3-6 Venture Capital Fund7:18

CF3-7 Advice on VC Fundraising7:23

CF3-8 Funding Practice3:32

与讲师见面

Steve Ahn
Professor
K-School

In the previous section we did financial planning of

the Pen company in the second year based on ten key assumptions.

So we first constructed the cash flow statement and

from this we determine the amount of the Angel funding.

Now, based on the soft cash flow statement let's

construct the balance sheet of Pen company at the end of the second year.

This is the balance sheet of Pen company in the beginning of the year two.

And so the first line comes from the previous slide.

In the first action,

the company gets end year funding of $5,000.

And so the cash has increased by 5,000,

and so the shareholder equity.

The company purchases raw materials worth $5,000 with cash,

and so there is a decrease of cash by

5,000 and an increase of material inventory with the same amount.

In action three,

the company collects accounts receivable from the last year's revenue,

so that was $2,500,

so increase of cash by that amount,

and now the company doesn't have any accounts receivable.

In the beginning of the year,

the company hires a professional worker and annual salary was $1,200 dollars.

So, by the end of this year,

because of the salary,

cash will be decreased by $1,200,

and since the professional worker is working to produce products,

the same amount goes to the finished goods inventory.

So the finished inventory is increased by this amount.

Action five is related to the production.

So the company produces a total of 12,000

pens and the remaining material inventory at the end of the year is $1,200.

Since the material inventory in the beginning of the year was $1,000,

and the company again bought 5,000,

so for this production the company uses $4,800 worth of materials.

So, there is a decrease of material inventory by that amount,

and this the same value appears in the column for the finished goods inventory.

And CEO's annual salary is $2,000.

So, in action six there is a decrease of cash by 2,000,

and the same decrease of shareholder equity.

And other expenses are $250 per quarter or 1,000 annually.

So, there is an decrease of cash by 1,000 and the same decrease in shareholders equity.

In action eight, the company sells a total of 10,000 pens with a unit price of $1.

And the sells money is collected one quarter later.

So, during the year the company collects $7,000,

but the sales for the fourth quarter will be collected next year.

So, there is an increase of cash by $7,000 an increase of accounts receivable by $3,000.

And, the company sells 10,000 pens out of 12,000 production,

and so the decrease of value in finished goods inventory will be five

over six of these $6,000 which is a minus $5,000.

Okay, so which it says company has

a profit of 5,000 and that goes to shareholders equity.

And just like the last year,

10 percent increase on the loan is paid,

so that's minus 400 in cash,

and also minus 400 in shareholders equity.

The last section for the second year is depreciation and just like the previous year,

there is a decrease of value of the equipment

by $800 and decrease of shareholders equity with the same amount.

So, if you add all these numbers then we

will get the balance sheet at the end of the second year.

So that the last line will be the balance sheet at the end of the second year.

So in summary, we constructed

the balance sheet of Pen company at the end of the second year.

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