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In this video, Im going to take you through the basics of Excel charts. Youre going to learn how to insert a chart, how to adjust one, how you can improve your chart, how to add more series to your chart, and how you can create combination charts. (soft music) Now Ive been given this data set and Ive been told to visualize this. To insert a chart, all I have to do is to highlight this, go to Insert, and click on a chart from here. If Im not sure which chart to pick, I can click on Recommended Charts and Excel gives me some proposals. So lets say I want to go with a bar chart, I just have to click on it and press OK. I had highlighted the data set before so lets say I didnt do that just somewhere in an empty cell. And I go to Insert and I insert a column chart. I just get an empty canvas because the data is missing from here. But notice what happens in general when you insert charts. You get this Chart Tools options activated here. And in Excel 2013 and 16, youre given two tab

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What is the purpose of leasing?

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.

What is leasing meaning and definition?

A Lease can be defined as a contract where a party being the owner (lessor) of an asset (leased asset) provides the asset for use by the lessee at a consideration (rental), either fixed or dependent on any variables, for a certain period (lease period), either fixed or flexible, with an understanding that at the end of

What are the 5 levels of chart of accounts?

There are 5 major account types in the CoA: assets, liabilities, equity, income, and expenses.

What does chart of accounts begin with?

Thus, the chart of accounts begins with cash, proceeds through liabilities and shareholders equity, and then continues with accounts for revenues and then expenses.

What is the introduction and meaning of leasing?

A Lease can be defined as a contract where a party being the owner (lessor) of an asset (leased asset) provides the asset for use by the lessee at a consideration (rental), either fixed or dependent on any variables, for a certain period (lease period), either fixed or flexible, with an understanding that at the end of

What is the process of leasing?

The leasing process begins when the lessee agrees to enter into a leasing agreement with the lessor. After gathering information and conducting thorough research, the lessee goes to the leasing company or broker (lessor) and a lease contract is roughly negotiated and finalized between them.

How do you record a leased vehicle in accounting?

How do you record an operating lease? A lessee (the party leasing the asset from a lessor) records the operating lease by including all lease payments for the year on the income statement as an operating expense. Its also recorded as an operating expense for tax purposes.

Can you capitalize a leased vehicle?

A lessee must capitalize a leased asset if the lease contract entered into satisfies at least one of the four criteria published by the Financial Accounting Standards Board (FASB). An asset should be capitalized if: The lessee automatically gains ownership of the asset at the end of the lease.

How do you record a lease in accounting?

Calculate the present value of all lease payments; this will be the recorded cost of the asset. Record the amount as a debit to the appropriate fixed asset account, and a credit to the capital lease liability account.

Do leased vehicles go on balance sheet?

A lease will be recorded on the balance sheet as a right-of-use (ROU) asset and lease liability. The lease liability is the payment obligation over the term of the lease contract, while the ROU asset represents the control of the asset under the lease contract.

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