Summary of Mini Corso Partita Doppia

00:00:00 - 00:25:00

This video covers the basics of double-entry bookkeeping for businesses. It explains how to set up accounts and how to record transactions in a way that complies with civil law. The video also provides several examples of how this system can be applied in practice.

• 00:00:00 In this second video, I'll explain the method of the double-entry bookkeeping system, giving you some fundamental rules that will help you understand the concepts contained in this video. I'll also show you several practical examples of how these concepts are applied in the world of accounting. The concepts contained in this video are essential for anyone wishing to have any dealings with financial statements, and are a natural outcome of the way that I think. However, if you have not seen the previous video or if you remember it, you should already be familiar with the concepts of comedy, state of financial affairs, and their differences. I strongly advise you to watch the video first before moving on to the exercises, as it will help you to better understand the concepts being presented. Once you have grasped the essential concepts, you can move on to the double-entry bookkeeping system, which I will explain in detail in the next video. The terms "giving" and "having" have a natural, but often forgotten, meaning in accounting. They are commonly used in everyday conversation, and when dealing with financial statements, they can refer to two fundamental categories of accounts: financial accounts belonging to two families of accounts, the assets and liabilities families.
• 00:05:00 In this video, two concepts are introduced - conto economico and fideiussori. The method of double-entry bookkeeping is explained, with emphasis on the business entity's simultaneous recording of financial and property assets. Here, we focus on a company that makes plastic bottles. In fiscal accounting, when we sell a bottle of plastic, we record a gain on our economic account (in credit) and a loss on our shareholder's (in debit) account. We would also record a gain or loss on our corporate (statutory) account, depending on whether the sale was for cash or goods. In normal business, we would also have to record two entries in our accounts - one for the economic (financial) activity and one for the state patrimonial (property) activity. This is simply not possible in most cases, however, because an enterprise's financial activity only affects two accounts - the account for assets and the account for liabilities. The second rule of thumb is that the total of all entries in a given account must be equal to the total of all entries in another account - called the "total asset" or "total liabilities" balance. Two very important concepts are introduced in this video: financial and state patrimonial.
• 00:10:00 The video examines the different types of accounting and demonstrates how to write them in a simple, easy-to-understand way. It also covers a basic business plan.
• 00:15:00 In this video, the author discusses how the business's profit increases when various expenses are taken into account. These costs include legal consultations, business supplies, and more. The main point of the video is to show how to structure a company's accounting so that it is easier to produce a financial report in compliance with civil law. After discussing the theoretical side of accounting, the author goes on to demonstrate how to apply these concepts in practice by giving examples of entries in a company's accounts. Finally, the author explains how to use accounting principles to manage a business's assets and liabilities.
• 00:20:00 In this video, an Italian accountant explains the concepts of double-entry bookkeeping and how it is applied in a business. He also shows how to produce a balance sheet and explain how a credit is created and extinguished in a business. Finally, he illustrates the third step of bookkeeping - closing the credit account.
• 00:25:00 This video covers how to do a double-handed corso partita, which is a two-player chess game with a doubled number of moves each. The principle is the same, but the total number of operations done (dare plus this plus that) is always 200. This is because we've done this plus this plus this, which is 3 times 200. This looks easy, but the specific details are what you see on this Excel sheet. This is not a software bought in Italy, but an Excel sheet that I use for educational purposes. I prefer the linear presentation because it is more clear to me. This linear presentation is what I use currently on my Excel sheet when I need to set up complicated two-player partita double games. Modern accounting software does not use this presentation, but instead uses a linear representation like this one. This is the second representation, and this is the third. Every two-player partita double game that we will do from now on must be shown this way. With this linear representation, you will see both the player's account and the supplier's account. I have written 80 in this cell when we bought plastic, and this is my first writing in a two-player partita double game.