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Sfn 616  Form

Sfn 616 Form

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in previous videos we looked at the calculation for the revenue so using our percentage completion method and in a second video we looked at the journal entri so you see them on the screen right now so all the journal entries to record our contract on our financial statements and now the last last step is to record the statement of financial position so we're going to do this uh we can proceed in one of two ways uh your statement of financial position would be prepared from your journal entry so we can reference the journal entry numbers uh alternatively we can go straight to the problem data right here and pick out our numbers now I'm going to do it from the journal entries just to make sure that the process uh is uh is similar to what you would find in your accounting system so just before we start I'm going to copy over our data right here so our years just going to copy that over right here so that's our 3 years 20 14 15 and 16 and uh so we have our

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