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How to classify columns statement of work

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The video tutorial explains the concept of a Statement of Work (SOW) in project management, specifically in the context of PMBOK or PMI. The SOW is a document that outlines the project objectives, scope of work, deliverables, timelines, and expectations for a project or service contract. It serves to define the work to be done between the customer and the vendor, detailing what the customer wants and what needs to be achieved. The SOW acts as a guiding document for the project.

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What are the 5 elements of balance sheet?

There are five elements of a financial statement: Assets, Liabilities, Equity, Income, and Expenses.

What are the 3 columns in a balance sheet?

The balance sheet includes three components: assets, liabilities, and equity. Its divided into two sides assets are on the left side, and total liabilities and equity are on the right side.

What are the columns of an income statement?

The income statement shows us three columns, the far-right column being the full year audited results, and the other two columns being six months for the period ended for the current year and the previous year in order to compare.

What do the columns on a balance sheet mean?

The balance sheet is split into two columns, with each column balancing out the other to net to zero. The left side records a firms itemized assets, categorized as long-term vs. short-term. The right side contains a firms liabilities and shareholders equity, also separated as long-term vs. short-term.

What are the 4 parts of an income statement?

What Are the Four Key Elements of an Income Statement? (1) Revenue, (2) expenses, (3) gains, and (4) losses. An income statement is not a balance sheet or a cash flow statement.

What are the 4 categories of assets on a balance sheet?

Common types of assets include current, non-current, physical, intangible, operating, and non-operating.

What are the two columns on a balance sheet?

The balance sheet is split into two columns, with each column balancing out the other to net to zero. The left side records a firms itemized assets, categorized as long-term vs. short-term. The right side contains a firms liabilities and shareholders equity, also separated as long-term vs.

What are the 3 parts of an income statement?

The income statement is read from top to bottom, starting with revenues, sometimes called the top line. Expenses and costs are subtracted, followed by taxes. The end result is the companys net incomeor profitbefore paying any dividends. This is where the term bottom line comes from.

What is on each side of a balance sheet?

The left side of the balance sheet outlines all of a companys assets. On the right side, the balance sheet outlines the companys liabilities and shareholders equity. The assets and liabilities are separated into two categories: current asset/liabilities and non-current (long-term) assets/liabilities.

What are the 5 main components of the income statement?

The income statement presents revenue, expenses, and net income. The components of the income statement include: revenue; cost of sales; sales, general, and administrative expenses; other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.

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