tag:blogger.com,1999:blog-21269985853684254722024-02-19T06:59:51.659+01:00LearnDoubleEntry.org Official BlogLearnDoubleEntry.orghttp://www.blogger.com/profile/00475322777919625390noreply@blogger.comBlogger55125tag:blogger.com,1999:blog-2126998585368425472.post-49553453361106491272020-03-12T16:34:00.000+01:002020-03-12T16:34:00.163+01:00Videotutorial: le causali contabili e gli automatismiSu LearnDoubleEntry.org si possono predisporre delle causali contabili (modelli di registrazione) con due finalità: agevolare la creazione di registrazioni contabili simili tra loro (basate su un modello) e far sì che scattino alcuni automatismi. In questo video vediamo come si fa.<br />
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<iframe width="320" height="266" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/-78uSWSJ4CI/0.jpg" src="https://www.youtube.com/embed/-78uSWSJ4CI?feature=player_embedded" frameborder="0" allowfullscreen></iframe></div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-32858689411473854522020-03-12T15:29:00.001+01:002020-03-12T15:29:30.394+01:00Videotutorial: registrazioni di chiusura e bilancioAbbiamo pubblicato un video che spiega come viene generato il bilancio e come si devono predisporre le registrazioni di chiusura a fine anno.<br />
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<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/nBAfUWgCzBE/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/nBAfUWgCzBE?feature=player_embedded" width="320"></iframe></div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-64473773551253961342020-03-11T14:18:00.001+01:002020-03-12T15:26:16.046+01:00Creare sfide di economia aziendale - VideotutorialIn questi video mostriamo come un docente può preparare alcune registrazioni contabili di un'azienda e trasformare queste registrazioni in un esercizio guidato per i propri studenti.<br />
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<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/-9Hu8HGzxeQ/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/-9Hu8HGzxeQ?feature=player_embedded" width="320"></iframe></div>
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<i>Video 1: creazione di un'azienda e preparazione delle registrazioni contabili</i></div>
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<i>Video 2: predisposizione della sfida (esercizio guidato)</i></div>
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<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/GTTYecWIohs/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/GTTYecWIohs?feature=player_embedded" width="320"></iframe></div>
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<i>Video 3: accesso a una sfida da parte di uno studente</i></div>
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<i><br /></i><iframe width="320" height="266" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/FjaETN4fFp4/0.jpg" src="https://www.youtube.com/embed/FjaETN4fFp4?feature=player_embedded" frameborder="0" allowfullscreen></iframe></div>
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<i>Video 4: gestione degli esercizi svolti dagli studenti</i></div>
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<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-13899302804522017122019-04-28T10:42:00.002+02:002019-10-26T11:10:51.218+02:00LDE goes RESTfulAfter some months of tests, we are going RESTful.<br />
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REST, or <a href="https://en.wikipedia.org/wiki/Representational_state_transfer" target="_blank">Representational State Transfer</a>, is a standard way to access data on a server with simple requests. It offers the possibility to interact with the server programmatically, with many languages and with different goals.<br />
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The API specs for LearnDoubleEntry are available at <a href="https://app.swaggerhub.com/apis-docs/lde/LDE/0.9" target="_blank">SwaggerHub</a>.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSB50q4NEmrK9YR4Fvf_HGaS0VBsdAxThBiIF042WF1j76Vndizo7tIdjb4Ny7uQtana1Qa3iBWUfwZ4jPm20j5tdeUteUYxyGK7vkhUkYi-y_fWU2fdawh3zLwcPMffU8toUiyMXtrJw/s1600/openapi.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="640" data-original-width="750" height="273" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSB50q4NEmrK9YR4Fvf_HGaS0VBsdAxThBiIF042WF1j76Vndizo7tIdjb4Ny7uQtana1Qa3iBWUfwZ4jPm20j5tdeUteUYxyGK7vkhUkYi-y_fWU2fdawh3zLwcPMffU8toUiyMXtrJw/s320/openapi.png" width="320" /></a></div>
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By using the APIs, it is possible for a user to interact with LDE to get a list of the managed firms, to get a list of the accounts and of the journal entries of a firm, to create, delete or update journal entries, etc. Other possibilities might be used in the future.<br />
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Examples of programs that could be implemented include:<br />
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<ul>
<li>get the list of accounts of a firm and output a csv file with the data;</li>
<li>produce the journal entries for all the invoices issued in a month;</li>
<li>record a transaction for two firms, the buyer and the seller.</li>
</ul>
<div>
It is easy to use the APIs straight from the command line (using <i>curl</i>) or by using a programming language (we will show examples in python, javascript, C# in the next weeks).</div>
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To use the API, you need a key that you can request on the page <a href="https://learndoubleentry.org/api/subscribe" target="_blank">/api/subscribe</a>.</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-34116161649098177742019-04-23T07:42:00.000+02:002019-04-23T07:43:12.233+02:00LDE at Nanyang Polytechnic (Singapore)Alvin Tan, a lecturer at <a href="http://www.nyp.edu.sg/">Nanyang Polytechnic in Singapore</a>, was so kind to send us an article in which he describes how he uses LearnDoubleEntry with his students.<br />
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<i>LearnDoubleEntry is a fantastic e-learning application that I have used for my Financial and Management Accounting (FMA) module since 2017. A lecturer at Nanyang Polytechnic in Singapore, I teach business subjects including accounting and marketing to students from the Diploma in Engineering with Business at the School of Engineering. With engineering students generally more hands-on, I’m constantly seeking new ways to engage them in active learning to achieve the best possible learning outcome. And this is where LearnDoubleEntry fits in perfectly! As part of our semester study plan, we launch LearnDoubleEntry on our third session, right after introducing double-entry accounting (and getting our student excited with <a href="https://www.youtube.com/watch?v=j71Kmxv7smk" rel="nofollow" target="_blank">Colin Dodds’ Debit Credit Theory MTV</a>).</i><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjIn_HCT4fhCF5PqdL7QVeMaMRqWUlZgqqJ7CMVMejjmYXGzJ98peLdGAtmKTZuhWyLPdFeqryuMc_x_EOIXwNT_DHO6L1a3Xy85UM09Zw-Ri0sCbngjhso0PyzbfE8Y4f_je7eFhduMU/s1600/fma_class_photo_r.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="900" data-original-width="1200" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjIn_HCT4fhCF5PqdL7QVeMaMRqWUlZgqqJ7CMVMejjmYXGzJ98peLdGAtmKTZuhWyLPdFeqryuMc_x_EOIXwNT_DHO6L1a3Xy85UM09Zw-Ri0sCbngjhso0PyzbfE8Y4f_je7eFhduMU/s320/fma_class_photo_r.jpg" width="320" /></a></div>
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<i>To contextualise the application for our students, I created a case scenario of an engineering firm, JC Engineering that made various business transactions over a 1-month period. Students are asked to fork JC Engineering firm in the application and create the corresponding journal entries based on the transactions provided. </i><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0yEQEqjslXwA9f6HdfN9kiho4PR9SZNGxWFYf8zrrQWO6RNVCJ1cDLd34VkWKmCo491tTdbKw_xtsTE83bCipGtQ2-53V0R2OhQyzJUkJJMZNDrIcFb0Iqz-Qv8l0dFDqJGbltoCCTaI/s1600/case_scenario.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="916" data-original-width="1010" height="289" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0yEQEqjslXwA9f6HdfN9kiho4PR9SZNGxWFYf8zrrQWO6RNVCJ1cDLd34VkWKmCo491tTdbKw_xtsTE83bCipGtQ2-53V0R2OhQyzJUkJJMZNDrIcFb0Iqz-Qv8l0dFDqJGbltoCCTaI/s320/case_scenario.jpg" width="320" /></a></div>
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<i>One of the many useful features is the drop-down Chart of Account list that enables our students to select the correct account types. With many accounting terms still very foreign to them (it’s only their third class), it helps that the accounts are grouped in a hierarchy structure (e.g., </i>Assets>Current Assets>Cash<i>) for easy identification and association. </i><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKG3zLBnHM0oq2T1OvSsZWP5g-DpNj2nJveWfBM_AEOSwk_OPmZT5m6mQq3txi9jm7MBP3MIYLJKTvPFqC_tkLiI0pHhWF5N8NRqV8bqMqCpbQtFV2Oz1wl2gdDs8EnO-PiKvpjOEHD_M/s1600/drop_down_chart_of_accounts.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="563" data-original-width="1055" height="170" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKG3zLBnHM0oq2T1OvSsZWP5g-DpNj2nJveWfBM_AEOSwk_OPmZT5m6mQq3txi9jm7MBP3MIYLJKTvPFqC_tkLiI0pHhWF5N8NRqV8bqMqCpbQtFV2Oz1wl2gdDs8EnO-PiKvpjOEHD_M/s320/drop_down_chart_of_accounts.jpg" width="320" /></a></div>
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<i>The cherry on top is the generated Balance Sheet that comes with completion of their journal entries. The balance sheet output enables our students to bridge the workings of journal entry to the makings of financial statements. Time and again each semester, we see our students reinforce their learning on double-entry accounting through LearnDoubleEntry. They enjoy the hands-on and it gives them a complete picture of double entry accounting from start to completion. I sincerely thank Loris and team for LearnDoubleEntry, and I hope that more learners around the world can benefit from it, strengthening their interest in accounting by way of active learning!</i><br />
<div style="text-align: right;">
<i>Alvin Tan</i></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-37242239155105209962018-09-29T10:50:00.002+02:002018-09-29T10:57:46.408+02:00Group journal entries in sectionsIt is now possible to create several sections of journal entries, and assign each journal entry to a particular section.<br />
Each section has a name, a color, and an assigned status of visibility. Of course, when a section is set to invisible, none of the journal entries belonging to it will be shown, either in the journal or in the statements or ledger.<br />
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Here some screenshots:<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT3xBLyPRQoFuhIYxo0eqmtdvLUXpb6bdDlDjdrtvQ5IKvAOYRhrRRYFk7U-1om66NI9XHvTGlwsRlKjqzEDt-O1NUNmHubqG9LMV5aOBHmAYJftKwP59VXz0kWLCTJBrY0UToHcNldfc/s1600/journal_with_sections.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="352" data-original-width="750" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT3xBLyPRQoFuhIYxo0eqmtdvLUXpb6bdDlDjdrtvQ5IKvAOYRhrRRYFk7U-1om66NI9XHvTGlwsRlKjqzEDt-O1NUNmHubqG9LMV5aOBHmAYJftKwP59VXz0kWLCTJBrY0UToHcNldfc/s400/journal_with_sections.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">The journal now has a new column, for the section.</td></tr>
</tbody></table>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGnJ_FOLT2zNlmBhdMIAO0I52x5MmmUEJEdITjfIitwFJNtdheCGVj_HVndCNIE7_RHKSJ3hKGXNJClobPbgZ_MS-deJmEJRxhDjEFNkQYZ1J3uIf8tnebiGR9uPhPpfo3a_RmyzEu3gU/s1600/sections_toggle_visibility.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="213" data-original-width="750" height="111" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGnJ_FOLT2zNlmBhdMIAO0I52x5MmmUEJEdITjfIitwFJNtdheCGVj_HVndCNIE7_RHKSJ3hKGXNJClobPbgZ_MS-deJmEJRxhDjEFNkQYZ1J3uIf8tnebiGR9uPhPpfo3a_RmyzEu3gU/s400/sections_toggle_visibility.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">In the sections page, you can set the color and toggle the visibility of each section.</td></tr>
</tbody></table>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEje4_TE_iXIpzo__IsRCDkEn61NAR16RH-Zv9SAtMndzQoGHt0giUF5Jcr8W2lBrEnFiqVbvF9tS6OC4NKJI2ieidZibkuwVOK0r6We0EqV3eN7BWaaPJaOMgpbEt2VqkHwCN2PxFBTu4I/s1600/sections_new_journal_entry.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="392" data-original-width="750" height="207" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEje4_TE_iXIpzo__IsRCDkEn61NAR16RH-Zv9SAtMndzQoGHt0giUF5Jcr8W2lBrEnFiqVbvF9tS6OC4NKJI2ieidZibkuwVOK0r6We0EqV3eN7BWaaPJaOMgpbEt2VqkHwCN2PxFBTu4I/s400/sections_new_journal_entry.png" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">When you prepare or edit a journal entry, you can decide to which section it belongs to.</td></tr>
</tbody></table>
Possible uses of this new feature:<br />
<div>
<ol>
<li>you can group journal entries by category, and have therefore an instant view of what the statements would be if none of the journal entries belonging to the "extraordinary events" group were present;</li>
<li>students working together on the same firm could make it clear who did what (when each student uses a different section);</li>
<li>with the same firm, you can have the journal entries of different years - instead of forking the firm.</li>
</ol>
<div>
This is still an experimental feature: if you happen to experience a bug or want to suggest an improvement, please let us know.</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-35473717819074806342018-01-16T09:16:00.002+01:002018-01-16T09:17:49.855+01:00Export data to an SQLite database, and play with itDo you want to try to execute an <a href="https://en.wikipedia.org/wiki/SQL" target="_blank">SQL</a> query on the database of your firm?<br />
Now you can: it is possible to export the data of a firm you own into a <a href="https://sqlite.org/" target="_blank">SQLite</a> database.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjotDzQtYrZvuUGS6-akU0U8VHHiuBwoGB9-TBShKb9V-FIntApoBW_pM3FNvqFM-EK_-zHdFeq18Y4GRE8TP_G3tHa6EaE_5gsXX23HXQDR3ztupaW7LEcj9s63sPHwvcDt_g54smINB3M/s1600/sqlite_export.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="159" data-original-width="700" height="90" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjotDzQtYrZvuUGS6-akU0U8VHHiuBwoGB9-TBShKb9V-FIntApoBW_pM3FNvqFM-EK_-zHdFeq18Y4GRE8TP_G3tHa6EaE_5gsXX23HXQDR3ztupaW7LEcj9s63sPHwvcDt_g54smINB3M/s400/sqlite_export.png" width="400" /></a></div>
You can easily manage the database offline with a program that manages SQLite databases, like, for instance, <a href="http://sqlitebrowser.org/" target="_blank">SQLiteBrowser</a>, available as free / open source software and working for most platforms.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgbit2x1CqMqa9Fjj70k-PL6i3Ah0ZGmA6MqJo2ytC08GEs88c_1VRDKgUoIcEXe3ZL4y8amZ10eR20e08_nzLQ4s2VtNElMEJUnyfTBwEp6OLm05xD9CkRBoeCk3Ef4JAqERLNaXWIRgv/s1600/sqlite_tables.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="658" data-original-width="934" height="281" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgbit2x1CqMqa9Fjj70k-PL6i3Ah0ZGmA6MqJo2ytC08GEs88c_1VRDKgUoIcEXe3ZL4y8amZ10eR20e08_nzLQ4s2VtNElMEJUnyfTBwEp6OLm05xD9CkRBoeCk3Ef4JAqERLNaXWIRgv/s400/sqlite_tables.png" width="400" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq1T0AlUTyTmqATGaRVhkiqBVahWtj9CF20EYlhkzWL7ykNcJdjGnxv4NsC7r5ixfPEZ_roXH1supKriHsThmM2vxVWbtfe_dEYEfVyXhSrwu3OBvb8A-kjprEAZsjW2T7w79eYu1AMuh1/s1600/sqlite_browse.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="659" data-original-width="935" height="281" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq1T0AlUTyTmqATGaRVhkiqBVahWtj9CF20EYlhkzWL7ykNcJdjGnxv4NsC7r5ixfPEZ_roXH1supKriHsThmM2vxVWbtfe_dEYEfVyXhSrwu3OBvb8A-kjprEAZsjW2T7w79eYu1AMuh1/s400/sqlite_browse.png" width="400" /></a></div>
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<b>Possible exercises</b><br />
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<ol>
<li>Analyze the structure of the tables to find out the meaning of the fields.</li>
<li>Create an SQL SELECT query that shows the journal entries, with date, description, names of the accounts, and amounts.</li>
<li>Create an SQL SELECT query that shows the ledger of a specific account.</li>
<li>Create an SQL SELECT query that shows the trial balance.</li>
</ol>
LearnDoubleEntry.orghttp://www.blogger.com/profile/00475322777919625390noreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-68580684504367286352018-01-14T20:23:00.000+01:002018-01-14T20:24:02.097+01:00SubchoicesIn some cases, when you prepare a journal entry, you need to specify better some information concerning an account that is too generic. Think of <i>Accounts Payable</i>, for instance: if you have several customers, how could you keep track of the amount you owe to each of them?<br />
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Welcome <i>subchoices</i>, a new feature of LearnDoubleEntry.org.<br />
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Whenever you are editing a journal entry, you can add a @ symbol after the name of the account. If you do so, when you press the tab key you'll be offered a field where to write a subchoice.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNFLzE4abfVhJCwBfU0-Sa0gAgZG0x8iMtbazwzYSv_XrikGP72H58pcb-2atSzApcwNd7xipdQj0YHzqLaxxZGlTNt_qKpHg4GMsALu1kHRlqpaffqCHmn0a7ZVd1rAx9cAdPSPjv3Us/s1600/subchoices0.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="129" data-original-width="700" height="70" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNFLzE4abfVhJCwBfU0-Sa0gAgZG0x8iMtbazwzYSv_XrikGP72H58pcb-2atSzApcwNd7xipdQj0YHzqLaxxZGlTNt_qKpHg4GMsALu1kHRlqpaffqCHmn0a7ZVd1rAx9cAdPSPjv3Us/s400/subchoices0.png" width="400" /></a></div>
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In the ledger, you will find the subchoices listed for each posting:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLsdsIsdNANq75SP2GLlF7q3wKl6bIr9mIk9V1_50LaNo_CZZYbX-6oipDgzhuezYxvam2HmDhUn1t1JUrZAbofZ0wxNh3MDeccBojfJPq_-F49-1SrYFJ8WO32-gFB0KZMWCJSUTFphU/s1600/subchoices1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="119" data-original-width="750" height="62" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLsdsIsdNANq75SP2GLlF7q3wKl6bIr9mIk9V1_50LaNo_CZZYbX-6oipDgzhuezYxvam2HmDhUn1t1JUrZAbofZ0wxNh3MDeccBojfJPq_-F49-1SrYFJ8WO32-gFB0KZMWCJSUTFphU/s400/subchoices1.png" width="400" /></a></div>
... and you can get a report with all the postings matching a specific subchoice:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWmTS79alrJuzMXqkRBRAriQNzCSvGAL-SZif1u-zRCafG7OL7c4OEFeTdcsHT9cnsiCz9T3qaW5fKXDnTPt-bkFgYW_uaAUEIQOltEj33qLb2Vu9s-nX7hGamh4jB7wekop9vZe9WXBs/s1600/suchoices_report.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="163" data-original-width="750" height="86" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWmTS79alrJuzMXqkRBRAriQNzCSvGAL-SZif1u-zRCafG7OL7c4OEFeTdcsHT9cnsiCz9T3qaW5fKXDnTPt-bkFgYW_uaAUEIQOltEj33qLb2Vu9s-nX7hGamh4jB7wekop9vZe9WXBs/s400/suchoices_report.png" width="400" /></a></div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-23400648498875461792017-02-16T19:24:00.002+01:002017-02-16T19:26:12.838+01:00Challenge your students!It is easy to prepare an exercise for your students: just login to <a href="https://learndoubleentry.org/">LearnDoubleEntry.org</a> and start managing a firm with all the correct journal entries.<br />
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Let's say you have a firm with these two simple journal entries:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9RJTx2bl-In78hduWUEPBAdZpNhf4X7MEH8re2Ulazp2CXkYDY1C5dn0jI6ynGk32g3lClX-9O3B9hcBwFtJasX2s-6_OBXqI70tkHTSBS5prGU169pNhk9h9USQ_FMOxxag1V-Mwy-8/s1600/benckmark_firm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="120" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9RJTx2bl-In78hduWUEPBAdZpNhf4X7MEH8re2Ulazp2CXkYDY1C5dn0jI6ynGk32g3lClX-9O3B9hcBwFtJasX2s-6_OBXqI70tkHTSBS5prGU169pNhk9h9USQ_FMOxxag1V-Mwy-8/s400/benckmark_firm.png" width="400" /></a></div>
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This will be the benchmark for your exercise.<br />
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When you are done with the firm, click on "Challenges", "Manage Exercises" and then "New Exercise".<br />
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Fill in the details of the exercise, and select the firm that you prepared as benchmark.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE5JtBV7RodrXlnT7Ga8JXSmG7kn42EShxD6BhCP-BmKy75R_i1yUCLlNQlyFRCjZ_YUZM2OpdtEdY8-dFLc0_etv8yFhSGtH1XXE9GbS4xcyf3t2MYVaGalscJ2uuCaXNx_htxcjC4oM/s1600/exercise_create.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhE5JtBV7RodrXlnT7Ga8JXSmG7kn42EShxD6BhCP-BmKy75R_i1yUCLlNQlyFRCjZ_YUZM2OpdtEdY8-dFLc0_etv8yFhSGtH1XXE9GbS4xcyf3t2MYVaGalscJ2uuCaXNx_htxcjC4oM/s400/exercise_create.png" width="372" /></a></div>
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After saving, create the transactions (operations to be recorded on the journal) by clicking on the button "Create Transactions from Benchmark Firm's Journal Entries" to import them from the journal entries (you will automatically invited to the challenge).<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuxbJyjX7N1AGdSOKPOYB2ZFGWAOGzYItCDOZpb3ALfbEvqw2-5PzwEca_GZb-VjU4lkFBsZnRW0DlA8jef51Q-gdyHKWWt8ufn_q8kydUIa6UgrSQAC5KrjUJrdTScoBvF8EQW8sXqi4/s1600/create_transactions.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuxbJyjX7N1AGdSOKPOYB2ZFGWAOGzYItCDOZpb3ALfbEvqw2-5PzwEca_GZb-VjU4lkFBsZnRW0DlA8jef51Q-gdyHKWWt8ufn_q8kydUIa6UgrSQAC5KrjUJrdTScoBvF8EQW8sXqi4/s400/create_transactions.png" width="400" /></a></div>
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Then, edit the transactions at will, giving enough information to your students to prepare the entries in the right way. You can add hints for each transaction, if you want.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxyLVAXf03oWL2CTF213iWYeEFnQVpGr23kihoyXfAOS2u5Vc_eELz1hcyB9nmAUt3fl8Fnmi9AyMJ9b6S0CbdTo7_BGvUoMHdqbcGPSM88CyVyRV3mUO6LgKPfaWPZCnZFGknWyN00WM/s1600/transactions_edited.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="222" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxyLVAXf03oWL2CTF213iWYeEFnQVpGr23kihoyXfAOS2u5Vc_eELz1hcyB9nmAUt3fl8Fnmi9AyMJ9b6S0CbdTo7_BGvUoMHdqbcGPSM88CyVyRV3mUO6LgKPfaWPZCnZFGknWyN00WM/s400/transactions_edited.png" width="400" /></a></div>
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You can use <a href="https://en.wikipedia.org/wiki/Markdown">Markdown syntax</a> for the descriptions and the entries.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-2419855614398469292017-01-08T12:37:00.004+01:002018-01-14T19:54:53.217+01:00Stale firms to be deleted<span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;">With the new release (1.9) of DELT, which is now up and running on </span><a href="https://learndoubleentry.org/" style="background-color: white; color: #888888; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.2px; text-decoration: none;">LearnDoubleEntry.org</a><span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;">, there is an automatic process that cleans up stale firms.</span><br />
<span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;"><br /></span>
<span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;">Firms are declared "stale" when they are not used or seen (in the public view) for more than <strike>a year</strike> three months. After one month, they are actually deleted.</span><br />
<span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;"><br /></span>
<span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;">The only exception is for bloggers and teachers that want to keep their firms available forever (contact us in this case).</span><br />
<span style="background-color: white; color: #222222; font-family: "arial" , "tahoma" , "helvetica" , "freesans" , sans-serif; font-size: 13.2px;"><br /></span>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-75126795033041560822017-01-08T11:41:00.000+01:002017-01-08T23:01:49.081+01:00Exercise and ChallengesWith the new release (1.9) of DELT, which is now up and running on <a href="https://learndoubleentry.org/">LearnDoubleEntry.org</a>, it is possible for teachers/instructors to prepare exercises for their students.<br />
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An exercise consists of an introductory text, followed by a series of transactions that the student must record using one or more double entries in the journal. An exercise also has a benchmark firm with the entries considered valid.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXb9-zVt0PUJVyVrUvb5UcZh4MZERvnOVTxD3OlLUXvLPv4g1lKvdro7U9cmpK-8dFfK5t2YzL20Ow9av9E6Xfyu5Bo1burTJ8JYbkINvNLBvk0zh-FRTb98eA1V8KiyfY-Q46qNlcamQ/s1600/exercise.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="393" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXb9-zVt0PUJVyVrUvb5UcZh4MZERvnOVTxD3OlLUXvLPv4g1lKvdro7U9cmpK-8dFfK5t2YzL20Ow9av9E6Xfyu5Bo1burTJ8JYbkINvNLBvk0zh-FRTb98eA1V8KiyfY-Q46qNlcamQ/s400/exercise.png" width="400" /></a></div>
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Teachers can challenge their students to go along all the transactions, record them in their journals and have them checked, one by one, against the benchmark.<br />
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Since every transaction has a certain number of points, during (or after) the challenge students can see their success rate.<br />
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Please note that in the journal each entry must be linked to the transaction from the exercise, in order to be correctly compared with the benchmark.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh8o7dSZdRiKv1VuOkAIRlpej4wwTBbLfd2RFLcuXJvRVbz9P0f-3jH0M8-K1_wlA7CXSDm5DTokmuT2P_n5ZM1D5RWNbm-Q0xeUIZWvKT3qTyDe1Gv2Guum0UusZDF8gq9PcYwHymOF4/s1600/challenge.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="243" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh8o7dSZdRiKv1VuOkAIRlpej4wwTBbLfd2RFLcuXJvRVbz9P0f-3jH0M8-K1_wlA7CXSDm5DTokmuT2P_n5ZM1D5RWNbm-Q0xeUIZWvKT3qTyDe1Gv2Guum0UusZDF8gq9PcYwHymOF4/s400/challenge.png" width="400" /></a></div>
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Teachers are offered a report for each session.</div>
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If you want to accept a challenge, you can try the one presented here (just follow <a href="https://learndoubleentry.org/challenge/index?exercise=firm-setup-and-sales" target="_blank">this link</a> after logging in). If you are a teacher and need information about how to setup an exercise, feel free to <a href="https://learndoubleentry.org/site/contact" target="_blank">contact us</a>.</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-55181634866233191082016-04-03T18:50:00.001+02:002016-04-08T12:23:42.823+02:00Running on HTTPS<i>(updated on April 8th, 2016)</i><br />
<br />
Thanks to the great team of <a href="https://www.tuxfamily.org/" target="_blank">TuxFamily.org</a>, free hosting for free people, and taking advantage of <a href="https://letsencrypt.org/" target="_blank">Let's Encrypt</a> technology, our site runs since today with full HTTPS support.<br />
<br />
You can check the <a href="https://www.ssllabs.com/ssltest/analyze.html?d=learndoubleentry.org" target="_blank">class-A HTTPS</a> certificate at QualysSSLLabs site.<br />
<br />
<strike>Simple, unencrypted HTTP is now disabled.</strike><br />
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Simple, unencrypted HTTP is still available, because old browsers do not recognize the validity of certificates emitted by the "Let's Encrypt Authority X1".<br />
<br />
Anyway, you are encouraged to use <a href="https://learndoubleentry.org/site/en/index" target="_blank">HTTPS connections</a> whenever possible. Should you experience any problem, please let us know by leaving a comment below.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-67114678434580748782015-04-13T17:30:00.000+02:002017-02-05T17:04:30.853+01:00Instructions for instructorsIf you are a teacher or an instructor, and you want your students to practice accounting, <a href="http://learndoubleentry.org/">LearnDoubleEntry.org</a> might be the right tool to use.<br />
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These are its advantages:<br />
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<ul>
<li>students can cooperate, sharing a firm to practice accounting on;</li>
<li>everything is online, so students can work both from home or from school;</li>
<li>students can login with their <a href="http://blog.learndoubleentry.org/2014/03/we-are-going-social.html">social accounts</a> credentials; </li>
<li>to discuss an exercise, one just needs to share the public address of the firm;</li>
<li>when an exercise is completed, the <a href="http://blog.learndoubleentry.org/2013/12/freeze-unfreeze-your-firm.html">firm can be frozen</a>, and a timestamp is applied (useful in case of assessments that have a specified due date);</li>
<li>the <a href="http://blog.learndoubleentry.org/2014/02/statements-and-chart-of-accounts.html">balance sheet</a>, the income statement and the <a href="http://blog.learndoubleentry.org/2015/01/statement-of-changes-in-equity.html">statement of changes in equity</a> are automatically generated, so that one can see the effect of each transaction;</li>
<li>data can be easily <a href="http://blog.learndoubleentry.org/2014/03/some-little-enhancements.html">exported to a spreadsheet</a>, for further management;</li>
<li>data can be easily backed-up (a single file download) and reimported if needed;</li>
<li>it is easy to take a <a href="http://blog.learndoubleentry.org/2013/08/taking-snapshot-of-firms-current.html">snapshot of the current trial balance</a>;</li>
<li>each student can see what other firms have done, so it is easy to simulate a world of firms interacting with each other (we'll soon provide an interface to make it even easier).</li>
<li>journal entries are analyzed (<a href="http://blog.learndoubleentry.org/2013/07/explanation-of-journal-entries.html">transaction analysis</a>);</li>
<li>there are some <a href="http://blog.learndoubleentry.org/2015/01/to-record-transactions-is-now-easier.html">helpful things</a> that students can use, like an online calculator and a debit/credit swapper;</li>
<li>entries can be easily excluded (for what-if scenarios);</li>
<li>you can have automatic closing entries;</li>
<li>the chart of accounts can be customized (it's possible to add, delete and edit accounts, to change their position in the chart, to set the ordinary outstanding balance for each account, etc.);</li>
<li>the style associated with each account can be customized, in order to get, for example, colored accounts;</li>
<li>you can use some <a href="http://blog.learndoubleentry.org/2015/02/smart-comments-for-accounts.html">smart comments</a>;</li>
<li>once a firm is created, other firms can be forked from it, inheriting all its properties (chart of accounts, <a href="http://blog.learndoubleentry.org/2015/01/templates-to-rescue.html">templates for journal entries</a>, custom styles, etc.);</li>
<li>changes in the "parent" firm's chart of accounts can be easily transferred to its "children";</li>
<li>you can get a <a href="http://blog.learndoubleentry.org/2015/03/slideshow-from-journal-entries.html">slideshow</a> from a firm's journal; </li>
<li>[update, February 5th, 2017] it is possible to prepare <a href="http://blog.learndoubleentry.org/2017/01/exercise-and-challenges.html">exercises/challenges for students</a>.</li>
</ul>
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If you or one of your students prepare a chart of accounts that you want other students to use, you can either pass them the slug of the firm or ask us to make it public, so that everybody will find it listed.<br />
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If you need more information, we'll be glad to help. This is an open source and free resource, and lives thanks to the contributions of its users. Just email us to <a href="mailto:info@learndoubleentry.org">info@learndoubleentry.org</a> or use the <a href="http://learndoubleentry.org/site/contact">contact form</a>.<br />
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P.S. In <a href="http://blog.learndoubleentry.org/2015/03/five-star-peer-review-on-merlotorg.html">Merlot.org's peer review</a> there are two concerns that are actually unfounded:<br />
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<span style="background-color: #ececec; font-family: "arial" , "helvetica" , sans-serif; font-size: 12px;">Existing accounts in the default chart of accounts can not be deleted. As a result instructors, particulary in the U.S. will need to create their own chart of accounts. The account number, not the title must be entered when creating a journal entry, otherwise error messages occur.</span><br />
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<span style="background-color: #ececec; font-family: "arial" , "helvetica" , sans-serif; font-size: 12px;"><br /></span></div>
Existing accounts can of course be deleted. The only limit is that an account can not be deleted when either: a) it has some children or b) it is used in some journal entry. And there is a standard US-GAAP Chart of Accounts ready to be used.<br />
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When you add a journal entry, you can choose an account by entering its code, or typing part of its name, or choosing it through a <a href="http://blog.learndoubleentry.org/2013/08/choosing-accounts-with-tree-view.html">tree-view window</a>. If this doesn't work, it might depend on browser-related issues. In case, please contact us.<br />
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Anyway, we'll try and improve the interface to make this clearer and easier.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-49056721733911305262015-03-29T16:43:00.000+02:002015-03-29T16:43:06.479+02:00What about colored accounts?As an experimental feature, we added the possibility of having different styles associated with accounts in the journal of the public page and in the slideshow of a firm, here at <a href="http://learndoubleentry.org/">LearnDoubleEntry.org</a>.<br />
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Let's say you want to have all assets in blue, all liabilities in red, all revenues in green and all expenses in orange.<br />
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It's quite easy. By using the keyword <span style="background-color: yellow;"><i>@classes</i></span> in the comments text box, you can specify a class for each account:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8GvxpAZjwntA6YTj6W8HytIMjE4UB1RIndmzKiUW9qQvngQs6fvYULvheYTdYGkmnZ8OuJ-NAeEML_CRnplFywwLRod9ugMvDRxEnLFztsGrJAKlwCrfNyXqmjV-Ditau3Ha8qobnWkQ/s1600/update.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8GvxpAZjwntA6YTj6W8HytIMjE4UB1RIndmzKiUW9qQvngQs6fvYULvheYTdYGkmnZ8OuJ-NAeEML_CRnplFywwLRod9ugMvDRxEnLFztsGrJAKlwCrfNyXqmjV-Ditau3Ha8qobnWkQ/s1600/update.png" height="170" width="400" /></a></div>
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Well, actually you don't need to do that for each account. The classes you specify are automatically inherited by all the children accounts.<br />
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In the <i>Chart of Accounts</i> page, at the bottom, you'll find a link saying <i>Toggle visibility of classes</i> that helps you visualize how inheritance is applied.<br />
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For instance, you should see that all accounts children of <i>Asset Accounts</i> are automatically assigned the class <i>assets</i>:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN7iNsjD6BVEekrECnubOiPijsw_aTocIlYZOkQx19OdqakwOiefkse4mwnKXnhmeaNkzNScenQS-z4auT8M48gm-ryj91lggZuA9UML68Fc82RTQuI3dss2wgPE0Y7Se3maZuk5WD0Sc/s1600/coa.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN7iNsjD6BVEekrECnubOiPijsw_aTocIlYZOkQx19OdqakwOiefkse4mwnKXnhmeaNkzNScenQS-z4auT8M48gm-ryj91lggZuA9UML68Fc82RTQuI3dss2wgPE0Y7Se3maZuk5WD0Sc/s1600/coa.png" height="133" width="400" /></a></div>
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An account can have more than a class, and inheritance is not affected. This might be useful because in a complex chart of accounts you could desire to have a distinction between fixed assets and current assets. Nothing prevents you to specify a class <i>assets</i> at the main level, and an additional class <i>fixed</i> at a lower level. The result will be that you'll have two classes for the children accounts, like <i>fixed assets</i>.<br />
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If you want to prevent inheritance, you can put an exclamation mark after the class name.<br />
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Once you have defined your classes, how can you get colors? In the page of the configuration of the firm, click on <i>Show advanced options</i>: you will be presented a text area named <i>CSS</i>.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfN2K6j6ysP8bT_S_VxPNY-aRZa5XxGGQ4Efpy-lWDPs0BkoA7MEMZRugAgylR6eYov4CnaAviAYXVBob7K9zkRqqGc4jZ1MqX4Efx42V-QIqHLB6fjtwvDAMaiRVG_q4wT-poRuCzFHk/s1600/css.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfN2K6j6ysP8bT_S_VxPNY-aRZa5XxGGQ4Efpy-lWDPs0BkoA7MEMZRugAgylR6eYov4CnaAviAYXVBob7K9zkRqqGc4jZ1MqX4Efx42V-QIqHLB6fjtwvDAMaiRVG_q4wT-poRuCzFHk/s1600/css.png" height="76" width="400" /></a></div>
<br />
Here, you can past the following text (provided as an example; you can of course adapt it to your own needs):<br />
<br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">.assets</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">{</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"> color: blue;</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">}</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"><br /></span>
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">.liabilities</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">{</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"> color: red;</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">}</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"><br /></span>
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">.revenues</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">{</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"> color: green;</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">}</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"><br /></span>
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">.expenses</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">{</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;"> color: orange;</span><br />
<span style="font-family: Courier New, Courier, monospace; font-size: x-small;">}</span><br />
<br />
and click on <i>Save</i>. The result should be what you expect, a colored journal:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT676TlkDsP09T2EFdU4uILBu4r2ds3ZIPz2588-fa0KlCLPoHsf7BzOSHi2dt9nsIQ-rAF5rdV3gKKvSGfaudWF8Y6brLHZv2h5IAj_0eHkc5W7GZ1fr767kqMV7sb_7vyWu2bP73C6U/s1600/journal.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT676TlkDsP09T2EFdU4uILBu4r2ds3ZIPz2588-fa0KlCLPoHsf7BzOSHi2dt9nsIQ-rAF5rdV3gKKvSGfaudWF8Y6brLHZv2h5IAj_0eHkc5W7GZ1fr767kqMV7sb_7vyWu2bP73C6U/s1600/journal.png" height="125" width="400" /></a></div>
<br />
If you want to know more about CSS, start with reading the pages at <a href="http://www.w3schools.com/css/" target="_blank">W3School</a>, and if you have ideas for improvements, please share them with us.<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-75013198862563769232015-03-29T15:25:00.001+02:002015-03-29T15:32:31.393+02:00Slideshow from journal entriesSome teachers like to show the journal entries of a firm and explain them to their students. Others may ask the students to show their work, entry for entry. What about letting the application generate a slideshow from the firm's data?<br />
<br />
It is now possible: we integrated <a href="http://remarkjs.com/" target="_blank">remarkjs</a>, a handy javascript code, into our application, and now you can show the entries, one by one, followed by the connected transaction analysis.<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="http://learndoubleentry.org/firms/sample-exercise-01/slideshow#1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMyftjs1Us_G7sC2aip1wcT4PhNgAndPfFXziGDXnCHySSdDEvFMR5ZfCmBsGN7e5kJwMUlopbYcv24WyaDQUFE8ApeJcaykC7_PHJgm_gdw7YqkJZC-KDHk-MhTey8qOlJjSfX30Ov8U/s1600/slideshow1.png" height="150" width="200" /></a></div>
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<a href="http://learndoubleentry.org/firms/sample-exercise-01/slideshow#2"><img border="1" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnxMl7LHMs_dt15ItnfhrxDuHwSf1zbJoH3nVnAH40tI4M3r6Fw__tuBjF9L-_U-_UdYq4mx3_qQ0889yTye-H-qvKtmqUtasoFOtsLxjAC4WSTuorvJ_Zo-Hgmx-tCEqfAO1TlcWUT7o/s1600/slideshow2.png" height="149" width="200" /></a><span id="goog_1981751843"></span><span id="goog_1981751844"></span><a href="https://www.blogger.com/"></a></div>
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<a href="http://learndoubleentry.org/firms/sample-exercise-01/slideshow#3"><img border="1" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSt_tjAiZ8ZBwP4wVdnoN7ciRwGgdA9BD_IiOYsLwHjrGhcXgdAQ0An66vqYU3_BNG5hPq1EANZ2ajdIsXb15xwwgTu6HNfbiVT03kif5az-p_qxsvAcW_vGHShIz1wUsd_Ci6spcTtAg/s1600/slideshow3.png" height="149" width="200" /></a></div>
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<br />
As an added feature, you can press "p" to toggle the so-called presenter mode, and "c" to clone your view in a different browser's window.<br />
<br />
Let us know if you have ideas on how to improve this.<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-78801167373856279162015-03-29T10:19:00.001+02:002015-04-13T17:33:44.052+02:00Five-star Peer Review on Merlot.orgOur website got recently a <a href="http://www.merlot.org/merlot/viewCompositeReview.htm?id=785124" target="_blank">five-star peer review</a> on <a href="http://www.merlot.org/merlot/">Merlot.org</a>, a program of the California State University System aimed to provide a <i>Multimedia Educational Resource for Learning and Online Teaching</i>.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.merlot.org/merlot/viewCompositeReview.htm?id=785124" target="_blank"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvj4KZwTmG3flZ2FbgXdO4Qi8CNpjxHqZ1WDYeJetEB0WmXKnBBMH_hcOZt_lqd9MMpEowBa9I8ZpaEr2JIgTjhEtc3XshGptqiPrG30_B4BFtVqw3phYuRdrDbrZjhnBDJ2MqC2sV-a4/s1600/merlot_review.png" /></a></div>
<br />
<br />
The review led to five stars on <b>Content Quality</b>, <b>Potential Effectiveness as a Teaching Tool</b> and <b>Ease of Use for Both Students and Faculty</b>.<br />
<br />
There are some concerns, but they denote a lack of documentation on our side more than a deficiency in the application itself: in the next days we'll add some information in the handbook to fix this.<br />
<br />
Many thanks to the reviewer!<br />
<br />
<b>Update</b>: <i>We wrote a new blog post, <a href="http://blog.learndoubleentry.org/2015/04/instructions-for-instructors.html">Instructions for Instructors</a>, when we explain better what teachers can do and expect from the website.</i>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-16758443875179107482015-02-01T18:29:00.001+01:002015-02-01T18:29:54.992+01:00Sections' visibility in public pageIt is now possible to toggle the visibility of the different sections of the public page of a firm: the description of the firm, the journal, and the statements. It is also possible to toggle the visibility of the excluded journal entries in the journal.<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlejwcwmbh3vbBunda7G4CnYJNg3U0PDVS3Lf51QljLV6OHgNegQDefpENZF6mULjWnBsOpYgM8xzyxJ_Syn09ZNpkcPEYVSrlwUSrHt9WYpfV_a2oBpgYtVVcQB5RtWF6cMiV8WB2pLo/s1600/visibility.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlejwcwmbh3vbBunda7G4CnYJNg3U0PDVS3Lf51QljLV6OHgNegQDefpENZF6mULjWnBsOpYgM8xzyxJ_Syn09ZNpkcPEYVSrlwUSrHt9WYpfV_a2oBpgYtVVcQB5RtWF6cMiV8WB2pLo/s1600/visibility.png" height="35" width="400" /></a></div>
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This is expecially useful if you want to print only some of the things shown in the public page.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-85601470683765436512015-02-01T13:17:00.000+01:002015-02-01T13:18:06.491+01:00Smart comments for accountsFor each account, you can set some comments that could help to understand how to use it or to find some extra information.<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQCmcktjY2joGIhjoKC-zu3svF_s759a9MrrnBiitbRjOWcD2iGAMpPoT2u3hosM5_bdprxn86pgHVzSCafq1UAM_eZ_9kyOe3hQ9FI-KUc8rdBt1L94-BC7wS28BegKnD4bbNsF9OKkY/s1600/comments.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQCmcktjY2joGIhjoKC-zu3svF_s759a9MrrnBiitbRjOWcD2iGAMpPoT2u3hosM5_bdprxn86pgHVzSCafq1UAM_eZ_9kyOe3hQ9FI-KUc8rdBt1L94-BC7wS28BegKnD4bbNsF9OKkY/s1600/comments.png" height="225" width="400" /></a></div>
<br />
The format of the comment is free, so you can just type what you need. But, to stay organized, it is better to use some keywords to express special meanings (keywords are at the beginning of the line, prefixed with a '@' symbol).<br />
<br />
In some of our system-provided firms, we used these keywords for ordinary accounts:<br />
<br />
<ul>
<li><i style="background-color: yellow;">@aka</i>, which stands for "also known as", for accounts that could have given other names in other chart of accounts, but with the same meaning;</li>
<li><i style="background-color: yellow;">@href</i>, for URLs of web sites that explain the meaning of the account or provide examples on how to use it;</li>
<li><i><span style="background-color: yellow;">@exampl</span>e</i>, to provide an example of a situation where the account could be used, or to better explain the meaning;</li>
<li><i style="background-color: yellow;">@meaning</i>, to express the meaning of the account in a short sentence;</li>
<li><i style="background-color: yellow;">@see</i>, when we want to point to another related account (mainly to consider the difference);</li>
<li><i style="background-color: yellow;">@check</i>, when we are not sure of the name or of other information (help us to improve the chart of accounts if you can answer our doubts).</li>
</ul>
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When you choose an account using the tree view window, you can check whether the meaning of the account is correct for the transaction you are recording:<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2IVIh4wur9shkb-jbxI0R_yE5ahj0-aWdj44ldW11LAjK4h5Dl8UVF81uEItJ_8Tk_YuEFdTL6zVA_tcn2uZ34illr-0OUKGaqD5isyA2QB8sm9EKS2JmQNFDwcTm9QVMv4QRfB3oEmw/s1600/select.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2IVIh4wur9shkb-jbxI0R_yE5ahj0-aWdj44ldW11LAjK4h5Dl8UVF81uEItJ_8Tk_YuEFdTL6zVA_tcn2uZ34illr-0OUKGaqD5isyA2QB8sm9EKS2JmQNFDwcTm9QVMv4QRfB3oEmw/s1600/select.png" height="233" width="400" /></a></div>
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<br />
Also, when you look at the ledger page of a single account, the comments are shown, so you can better evaluate if you did the correct job:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfQeZeS3Z0j-rKbaqTczGJLIlT504kO9tS5UbHIHL0lINu7WEmXazkQg51U5N5Zt-t04vpTZK8_S2yOLhuJB2LW0WdHL71YROnrfvtN2wtC9cK-uXgY0qu-Gc5a2onBb4znAH_rBcweoc/s1600/ledger.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfQeZeS3Z0j-rKbaqTczGJLIlT504kO9tS5UbHIHL0lINu7WEmXazkQg51U5N5Zt-t04vpTZK8_S2yOLhuJB2LW0WdHL71YROnrfvtN2wtC9cK-uXgY0qu-Gc5a2onBb4znAH_rBcweoc/s1600/ledger.png" height="168" width="400" /></a></div>
<br />
Some kewyords, if used, are specially interpreted by the application. For instance, <i style="background-color: yellow;">@href</i> makes the text afterwards a link, as you might have noticed.<br />
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Keywords and comments play a special role in the Financial Statement Configuration, where instead of accounts we have items that keep accounts organized and let us fine-tune how the Financial Statement gets prepared.<br />
<br />
In a <a href="http://blog.learndoubleentry.org/2015/01/statement-of-changes-in-equity.html" target="_blank">previous post</a> we discussed the use of the following keywords:<br />
<ul>
<li><i style="background-color: yellow;">@caption</i>, to specify the description that is shown after the title of the statement;</li>
<li><i style="background-color: yellow;">@strip</i>, to tell the application which part of the description of the journal entries has to be stripped away when analyzing accounts (for the Statement of Changes in Equity);</li>
<li><i style="background-color: yellow;">@analyze</i>, to tell the application which accounts have to be analyzed.</li>
</ul>
<div>
Here, we introduce a new one:</div>
<ul>
<li><i style="background-color: yellow;">@closing</i>, that you might want to set to "no" if you don't want for the related accounts to be proposed a closing entry.</li>
</ul>
Other keywords for our smart comments could be introduced in the future. Meanwhile, you can safely play with the above ones.<br />
<br />
<br />
<br />
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-38224127048252703072015-01-29T16:01:00.000+01:002015-01-29T16:04:16.279+01:00Templates to the rescue!In our <a href="http://blog.learndoubleentry.org/2015/01/statement-of-changes-in-equity.html">last post</a>, we saw how the <i>Balance Sheet</i>, the <i>Income Statement</i> and the <i>Statement of Changes in Equity</i> are prepared and shown to us by the application.<br />
<br />
To complete the work, we have to cover another little but important detail: automation.<br />
<br />
As you might have noticed, there is a problem when we want to prepare the Financial Statement at the end of a period (say, at the end of the month), because there is a "difference yet unexplained" showing up before we close <i>Income Summary</i> to <i>Retained Earnings</i> and <i>Dividends</i> to <i>Retained Earnings</i>. The application takes into account what has been recorded in the journal, so, before these entries, there is no way to have the correct data.<br />
<br />
But we don't want to actually write such journal entries at the end of each month, do we?<br />
<br />
The solution lies in preparing some templates for the journal entries, and mark them to be automatically executed each time the statements are prepared.<br />
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A template is a place where we can define how a journal entry is made. If we frequently sell services of some kind, for instance, instead of choosing each time the accounts to use, we just prepare a template for the entry.<br />
<br />
First, let's prepare a fictious entry, as usual, but instead of clicking the "Save" button we click on the "Create Template" link:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0ek3ZYcj_aZfXhcQU6-f4-EOGJsJfdOc4sdPXPL1UJRiqCRu_HuHlR7OzYevpL1mdKyKG76xVaaOo_T0FGbrOCPzEuQnxR5qdNwkm48gQiqbac2Hxnqu6c849lTWibMrdXDWuMfgdXuA/s1600/create_template_01.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0ek3ZYcj_aZfXhcQU6-f4-EOGJsJfdOc4sdPXPL1UJRiqCRu_HuHlR7OzYevpL1mdKyKG76xVaaOo_T0FGbrOCPzEuQnxR5qdNwkm48gQiqbac2Hxnqu6c849lTWibMrdXDWuMfgdXuA/s1600/create_template_01.png" height="167" width="400" /></a></div>
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<br />
We will be taken to a page where we can fine-tune the template:<br />
<br />
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</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitvo6wZ_OyfGIjxBAXpZptTPEt3lwspacnXD-Aj076L6fyRZsbAw554EbNY1mu71gdoPzwc2q4rx5deK_O5Yb6VG2d2SpDDpgBPWdMRsLDyFlf-wd-eq7W23eSEPSb34qhvx0ZWhgZSWE/s1600/create_template_02.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitvo6wZ_OyfGIjxBAXpZptTPEt3lwspacnXD-Aj076L6fyRZsbAw554EbNY1mu71gdoPzwc2q4rx5deK_O5Yb6VG2d2SpDDpgBPWdMRsLDyFlf-wd-eq7W23eSEPSb34qhvx0ZWhgZSWE/s1600/create_template_02.png" height="206" width="400" /></a></div>
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<br /></div>
For each account, we can choose one of the following options:<br />
<br />
<ul>
<li><i>ask</i>, if we want the amount to be asked when we prepare the entry;</li>
<li><i>close</i>, if we want the amount to be computed so that the account balance goes to zero;</li>
<li><i>balance anyway</i>, if we want the amount to be always computed so that the entry's debits and credits balance automatically;</li>
<li><i>balance on match</i>, if we want the amount to be computed so that the entry's debits and credits balance, but only if the resulting amount matches the ordinary outstanding balance for that account.</li>
</ul>
For templates that are to be used manually, we'll probably want to use always <i>ask</i> or <i>close</i>. There is also an option to set if we want this template to be used automatically. We'll discuss that later.<br />
<br />
When we use a template manually, we are presented the accounts to be used, with the boxes for debits and credits highlighted:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbPo64yK-QowG3rBEGsTJBo3L3PbmUAPkc6uRnwDADg_83uOQ4cqvvvHc7b94vGq2KzsI4sCZjpCTtgDlp6JwUpyncfgVZPWQTudE2F265kB4J9NvsYCcj5_v_p9eGhyphenhyphenJVVvXRWlmfHDU/s1600/entry_from_template.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbPo64yK-QowG3rBEGsTJBo3L3PbmUAPkc6uRnwDADg_83uOQ4cqvvvHc7b94vGq2KzsI4sCZjpCTtgDlp6JwUpyncfgVZPWQTudE2F265kB4J9NvsYCcj5_v_p9eGhyphenhyphenJVVvXRWlmfHDU/s1600/entry_from_template.png" height="172" width="400" /></a></div>
<br />
This saves us the need of selecting the accounts and remember where to put our numbers. Helpful, isn't it?<br />
<br />
The powerful thing comes when we check the "Apply this template automatically" box. Let's prepare two templates for the last entries of the month.<br />
<br />
In the first one, we want <i>Income Summary</i> to be closed, and <i>Retained Earnings</i> to be balanced to, but only if the amount is a credit (and we want the comment "Net Income" to improve how the Statement of Changes in Equity looks like):<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh8opvqWA5QbBAhawHomYgVHleQymkhij7Po50mlAIG8X6a_BOl31vSC0mKGqqWcvr701g303076aCv-JFEO4Cy3UrBADicgfPG_zxms-h9gEJQigJZdHq-U9qBGQsTYKjwEqmPFqtE2Q/s1600/template_income_summery_close.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh8opvqWA5QbBAhawHomYgVHleQymkhij7Po50mlAIG8X6a_BOl31vSC0mKGqqWcvr701g303076aCv-JFEO4Cy3UrBADicgfPG_zxms-h9gEJQigJZdHq-U9qBGQsTYKjwEqmPFqtE2Q/s1600/template_income_summery_close.png" height="163" width="400" /></a></div>
<br />
This automatic entry will fail if we have a net loss for the month (we can choose <i>balance anyway</i> to avoid that this happens).<br />
<br />
In the second one, we want <i>Dividends Declared</i> to be closed, and <i>Retained Earnings</i> to be balanced to, unconditionally:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR3fssIXu32uQQl1GFZJ_2giV-PZ4eB4GLrXOg5uGBNhzt61bHkf-5oAhYjgSbIO4qHEj8n5e8Z5yosyFgjzbVff0DzuQNidHr9VorD_aWG5sSlmCZLzVUBbJ9UfO1cpJGblaI9mWKtSA/s1600/template_dividends_close.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR3fssIXu32uQQl1GFZJ_2giV-PZ4eB4GLrXOg5uGBNhzt61bHkf-5oAhYjgSbIO4qHEj8n5e8Z5yosyFgjzbVff0DzuQNidHr9VorD_aWG5sSlmCZLzVUBbJ9UfO1cpJGblaI9mWKtSA/s1600/template_dividends_close.png" height="160" width="400" /></a></div>
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The list of our templates should look like the following:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiA86RISbwQdFggE5Wbvp6tSS_Db_hikMFdaLclaI1iFV5Pj1Fzr1DH3htgdCvtRE4kH59l1RpMpjzMh8RX7TPG-gNvkpv0fs6Sl2p6-2uWoUo8ftqTT9azKr7K8ZOR9pGUpLQAV4XtwuM/s1600/templates_list.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiA86RISbwQdFggE5Wbvp6tSS_Db_hikMFdaLclaI1iFV5Pj1Fzr1DH3htgdCvtRE4kH59l1RpMpjzMh8RX7TPG-gNvkpv0fs6Sl2p6-2uWoUo8ftqTT9azKr7K8ZOR9pGUpLQAV4XtwuM/s1600/templates_list.png" height="120" width="400" /></a></div>
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We can set each template to be automatically applied or not, and we can delete it to make a new one, if we want.<br />
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What are the benefits of these automatically-applied templates? If we don't have the last journal entries in our journal, the application knows how to compute all the needed data anyway. Let's check. From our previous example, let's remove the last three entries (concerning income summary, retained earnings and dividends), and let's have a look at our Financial Statement. It will look exactly as the one that we prepared last time, with some magic going on behind the scenes.<br />
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If we are curious, or if we need to debug our templates, we can have ask the application to show us the automatically-generated entries: <br />
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We will be presented the list of the entries coming from the automatic closing of accounts from the <i>Income Statement</i> and from the templates that we marked as automatic:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg78vCujCkt92Ld4COqxtXHmJPg0_EXuOxNzP8oL7SvnF_EHiEwDkKLySqkOw5vL-KrEEo5DTWT0ujEvazYwvrrilSNIH0VNCZOl30zI5l9jFhFDiA2UVKwdJzwPEOAdietDwW4r9pwH54/s1600/automatic_entries.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg78vCujCkt92Ld4COqxtXHmJPg0_EXuOxNzP8oL7SvnF_EHiEwDkKLySqkOw5vL-KrEEo5DTWT0ujEvazYwvrrilSNIH0VNCZOl30zI5l9jFhFDiA2UVKwdJzwPEOAdietDwW4r9pwH54/s1600/automatic_entries.png" height="343" width="400" /></a></div>
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Entries that fail are shown as striked over, to let us understand what worked or didn't work. If we look at the journal, we won't find any trace of that. (Why? Technically these insertions are made during a database transaction that is <a href="http://en.wikipedia.org/wiki/Rollback_(data_management)" target="_blank">rolled back</a>, to the previous state, at the end.)Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-37835739065424447352015-01-18T16:20:00.000+01:002015-01-29T16:09:58.554+01:00How to prepare a Statement of Changes in Equity<span style="font-size: x-small;"><i>This post has been edited after its first publication, to reflect some users' comments and changes in the application.</i></span><br />
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In this post, we will see how to get three of the statements required by the IFRS: the <i>Balance Sheet</i>, the <i>Income Summary</i> and the <i>Statement of Changes in Equity</i>.<br />
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We will also recap how to record transactions, how to see transaction analyses, how to have a look at the general ledger and at the trial balance, etc.<br />
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For our example here, we will refer to the online version of the book <a href="http://business.athabascau.ca/faculty/david-annand-edd/" target="_blank">Introduction to</a><br />
<a href="http://business.athabascau.ca/faculty/david-annand-edd/" target="_blank">Financial Accounting</a>, by Henry Dauderis and David Annand (ISBN 978-0-9936701-0-7), which is released under a Creative Commons License, Attribution–Non-commercial–Share Alike 4.0.<br />
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The second chapter of the book, <i>The Accounting Process</i>, explains the meaning of accounts, what is a transaction analysis, and how to use formal accouting records.<br />
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If we want to follow the example of the book, we can start by forking (duplicating) the provided "Basic Canadian Corporation", which already has the complete set of accounts and the configuration needed.<br />
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After confirming the creation of the new firm, we can change the settings (the name of the firm and the comment, for instance).<br />
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With our brand-new firm, we can have a look around. Of course, since the journal is empty (there are no transactions recorded), the statements will be empty, and so will be the general ledger and the trial balance.<br />
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If we are curious, we can have a look at the Chart of Accounts, just to check that there is one. We can notice that the accounts are grouped in categories and ordered by codes. We might guess that grouping is done by codes (<i>Petty Cash</i> is a child of <i>Current Assets</i> because the first part of its code, up to the last dot, is the same), and we would be right.<br />
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For each account, there is a position (<i>P</i> for <i>Permanent Accounts</i>, <i>T</i> for <i>Temporary Accounts</i>, etc.) and an ordinary <i>Outstanding Balance</i>, that can be used for some checks (for instance, it wouldn't be normal that <i>Petty Cash</i> has a credit outstanding balance, would it?).<br />
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On the right side of the page, we find a menu called Operations, which lists some things we can do with the Chart of Accounts:<br />
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We can create a new account, we can import accounts (copying and pasting from a spreadsheet, for instance), we can export our accounts list, we can synchronize our chart of accounts with the one of the firm we forked our one from. By the way, this is why when we create a firm we don't "duplicate" it but "fork" it: a link to the parent firm is kept so that, if the chart of accounts of the parent firm is modified, we can easily import the changes.<br />
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The last operation, <i>Configure</i>, takes us to a section of the program where we can have a look at how the accounts are, not surprisingly, configured.<br />
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Basically, this section allows us to:<br />
<ol>
<li>define which kind of accounts we can have in our chart of accounts (it is here that we define the <i>P</i> code for permanent accounts, for instance);</li>
<li>define which statements we want to be able to prepare.</li>
</ol>
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Now that we have explored a bit around, let's move to the journal (which is empty) and prepare a new journal entry to record the first transaction, like the following (see page 48 and 58 of the book):<br />
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After saving the entry, we can have it analyzed, by clicking on the icon <i>Analyze the transaction</i>:<br />
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We can also have a look at the <i>General Ledger</i>, at the <i>Trial Balance</i> and at the <i>Statements</i>, which are prepared with the available data.<br />
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If everything looks right, we can proceed with the other transactions, described at pages 48–52 of the book (and formalized at pages 58–59). The public view of our firm should show our journal like in this screenshot:<br />
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The <i>Trial Balance</i> shows us the values of page 54 of the book:<br />
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Most of the data show on page 55 of the book is now available, and in fact we can get auto-generated <i>Income Statement</i> and <i>Balance Sheet</i> from it (don't look at the <i>Statement of Changes in Equity</i> yet). They are not perfect yet (you may notice that there is a line stating <i>Difference Yet Unexplained</i> for $2,200), but we may be satisfied as we are finished with Chapter 2.<br />
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The third chapter of the book, <i>Financial Accounting and the Use of Adjusting Entries</i>, deals with the operating cycle and with the concepts of revenue recognition, accrual accounting, matching principle and adjusting entries.<br />
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If we go through pages 103–112 of the book, we find a detail explanation of why adjusting entries are needed and how they look like.<br />
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In our journal, it is easy to record the corresponding journal entries, such as follows:<br />
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The interesting thing at this point is that we can have a look at the accounts to see the effects of the asjusting entries. For instance, here's the account <i>Unearned Repair Revenue</i>, that shows an ending balance of $100:<br />
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If we look at the Statements now, we see that we are closer to what we want to obtain. The <i>Income Statement</i>, for instance, shows that the difference between revenues and expenses is $1932, and that amount is indicated above, in the <i>Balance Sheet</i>, as a difference yet unexplained:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-CLNOHX3ao1jQmAX3PiTZGrlIrznHF3T85uwsCrPVbagx9UuVXZCd8TQRRzhXCs3AFJYRMxlFC-7ycXECvVyXDjgqLu9cG0st4cGC3TiY9tNjIzBnyGcNexIP1HWuJjqj3MF53yaR96o/s1600/statement02.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-CLNOHX3ao1jQmAX3PiTZGrlIrznHF3T85uwsCrPVbagx9UuVXZCd8TQRRzhXCs3AFJYRMxlFC-7ycXECvVyXDjgqLu9cG0st4cGC3TiY9tNjIzBnyGcNexIP1HWuJjqj3MF53yaR96o/s1600/statement02.png" height="640" width="336" /></a></div>
Why is it unexplained? Simply enough, because there is no journal entry that explains it explicitly. In other words, there is a missing link between the <i>Income Statement</i> and the <i>Balance Sheet</i> (through the <i>Statement of Changes in Equity</i>, as we'll soon see).<br />
<br />
But that's an easy task. What we need to do is:<br />
<ol>
<li>to close all temporary accounts to an account called <i>Income Summary</i>;</li>
<li>to close the <i>Income Summary</i> account to the <i>Retained Earnings</i> account;</li>
<li>to close the <i>Dividends</i> account to <i>Retained Earnings</i>.</li>
</ol>
<div>
This process is well described in §F, <i>The Closing Process</i>, of the book (pages 116-118).<br />
<br />
Luckily, the application helps us, because in the Journal section we can choose to prepare a <i>Closing Entry:</i><br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfpQGCJkZURWWCjE_X-wL-h3m9CrD3fAX34jqeKC_c2g-oFM9cP01N94yhS0YACmprvzeHy-LkwC5Q3JylOPYt61Q7asbqT8OoQIgAvYkbQtSC0useRrzXXXHaZcVX93AwXt7d-I0klbA/s1600/closing01.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfpQGCJkZURWWCjE_X-wL-h3m9CrD3fAX34jqeKC_c2g-oFM9cP01N94yhS0YACmprvzeHy-LkwC5Q3JylOPYt61Q7asbqT8OoQIgAvYkbQtSC0useRrzXXXHaZcVX93AwXt7d-I0klbA/s1600/closing01.png" /></a></div>
<br />
and then select the appropriate closing option:<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3lX8N4bfIldDvKSnC1ph8C1qrHHc-fTagFGtV8xIs8XLx7HkskkypREgITEo4k42nr90cFAFYVyt5fbOC9r5uEDT1P703bDZTwhNKO4qCE-zt6avYkwWgdZepW4vLzDYI3Ck77Ev17og/s1600/closing02.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3lX8N4bfIldDvKSnC1ph8C1qrHHc-fTagFGtV8xIs8XLx7HkskkypREgITEo4k42nr90cFAFYVyt5fbOC9r5uEDT1P703bDZTwhNKO4qCE-zt6avYkwWgdZepW4vLzDYI3Ck77Ev17og/s1600/closing02.png" /></a></div>
<br />
We are presented a new journal entry with all temporary accounts closed and the <i>Income Summary</i> accounts selected as destination of the difference:<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqcQ_nf-YPi6NDt_XHBgfx4uUJvdj3xzWYNO5OT38AYHkUWRoTv6F0_WTBJdKOEYbV8OGmVx_f9xm60uLnP4rOn11sNrNFlm0ViUKacqxZcHX4ShnSzHJtEt-tLGEFvoqFtt2gj06epPE/s1600/closing03.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqcQ_nf-YPi6NDt_XHBgfx4uUJvdj3xzWYNO5OT38AYHkUWRoTv6F0_WTBJdKOEYbV8OGmVx_f9xm60uLnP4rOn11sNrNFlm0ViUKacqxZcHX4ShnSzHJtEt-tLGEFvoqFtt2gj06epPE/s1600/closing03.png" height="400" width="346" /></a></div>
<br />
(The Income Summary account is automatically chosen because it is the only account that has a position code of lowercase <i>t</i>, and we are closing all the accounts with a position code of uppercase <i>T</i>).<br />
<br />
In the book there are two separate entries, one for revenues first, and one for expenses later. The net effect is the same, of course. Anyway, if we want, we can delete the rows concerning expenses, save the entry, and prepare a second entry for expenses.<br />
<br />
When we look at the journal entries, we see that the closing entry we just added is shown in green.<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmtrulmdCtkG7rw1WmLu6FlFDBnlrrAQpaCRiRrr1Zp3TsOSwtEP8cFQUy0vir_raUqNxDR0y7zEZxzzVQHAvFeny-bmr27OFghU_UQeQ6jsVBoXjL5uZLwXVabM_vSE-rWYF_NJx3RMc/s1600/greenentry.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmtrulmdCtkG7rw1WmLu6FlFDBnlrrAQpaCRiRrr1Zp3TsOSwtEP8cFQUy0vir_raUqNxDR0y7zEZxzzVQHAvFeny-bmr27OFghU_UQeQ6jsVBoXjL5uZLwXVabM_vSE-rWYF_NJx3RMc/s1600/greenentry.png" height="125" width="400" /></a></div>
<br />
This indicates that this particular journal entry does not have any effect on the statements that are shown in the Statements section. Why is that? Because the application needs the amount of the balances of temporary accounts to show the statement (the <i>Income Statement</i> in this case) and, if the accounts are closed, the amount is zero; so it just excludes journal entries with this special status.<br />
<br />
The second and third entries are not automatically generated (but we will see in an upcoming blog post that we can have them automatically generated, don't worry), so we must prepare them in the traditional way (but we can press the <span style="background-color: cyan;">?</span> key on the keyboard, when we have the amount field selected, to automatically retrieve the amount that closes the <i>Income Summary</i> account).<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwpzpbg_zDEgHlLSB9APCS6b6YHxGI4AxzWnsXyVkCZrmdS5uOS3trPMWWcaw4ymSJm2bolNRxN2eAqLwwrhTfl4-Gh9etgpkmMToDSqow-cJEVlwnHvdtGiRvUZa7Sr1QNlvfmTIOB-w/s1600/last_entries.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwpzpbg_zDEgHlLSB9APCS6b6YHxGI4AxzWnsXyVkCZrmdS5uOS3trPMWWcaw4ymSJm2bolNRxN2eAqLwwrhTfl4-Gh9etgpkmMToDSqow-cJEVlwnHvdtGiRvUZa7Sr1QNlvfmTIOB-w/s1600/last_entries.png" height="60" width="400" /></a></div>
<br />
Now that we have journalized all the transactions and the adjusting entries and have completed the closing process, let's have a look at the statements.<br />
<br />
The <i>Balance Sheet</i> and the <i>Income Summary</i> do not present any surprise, because they look like they were before (but we may observe that there is not anymore a "difference yet unexplained", since the <i>Retained Earnings</i> are part of <i>Equity</i> and are shown in the appropriate place).<br />
<br />
How does the <i>Statement of Changes in Equity</i> look like?<br />
<br />
You may have noticed that, before the completion of the closing process, the statement was like this:<br />
<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiY5DPampnLF6pa8PrQXl0rZ_05-BbP-7aApSSHx-rh_Z7MgO94tfRo53ThAWAy4NWu_RAA7QNgfmwb0neFhwHjbNVzLpaowW_zoKXvtjArS-VHWoniXFd0cguh7vbnrxl8l-m5QBd7MQ/s1600/changes_in_equity01.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiY5DPampnLF6pa8PrQXl0rZ_05-BbP-7aApSSHx-rh_Z7MgO94tfRo53ThAWAy4NWu_RAA7QNgfmwb0neFhwHjbNVzLpaowW_zoKXvtjArS-VHWoniXFd0cguh7vbnrxl8l-m5QBd7MQ/s1600/changes_in_equity01.png" height="97" width="400" /></a></div>
<br />
Now it is better, because the <i>Income Summary</i> is taken into account:<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8xOlTkgnERsOXcPCIJQ-U6Uii4ymOHV7CjLJkxxAvivJDDtzcCOcOdDAPxF4y94Yg_L4b-PBpc5cemzOj-guDVwY5leAdtYnUKQe9g2OnZgBMYvhob3E0WgRcdnApCQqJYELbIyZmU9E/s1600/changes_in_equity02.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8xOlTkgnERsOXcPCIJQ-U6Uii4ymOHV7CjLJkxxAvivJDDtzcCOcOdDAPxF4y94Yg_L4b-PBpc5cemzOj-guDVwY5leAdtYnUKQe9g2OnZgBMYvhob3E0WgRcdnApCQqJYELbIyZmU9E/s1600/changes_in_equity02.png" height="121" width="400" /></a></div>
The amounts shown are not taken from account balances, like for the <i>Balance Sheet</i> and the <i>Income Statement</i>, but straight from the journal entries. You might recognise that the first column is filled with their descriptions, with the "To record" part stripped away. How is it so?<br />
<br />
If we get back to the configuration of the Chart of Accounts we can see how the item for the Statement is configured:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2qQYSpnO4JQJhyNvnsuZXx_TAEnvswULvG2dANyXgpa2u3M-t61InNedH0NgmA3va1KPkMuMc3iRvZuns4gm-xIonYDqYrYmn38rfMPussdmoB2e2_2zhcF0gIX2aXo1_wJFBMtik7z0/s1600/conf_statement.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2qQYSpnO4JQJhyNvnsuZXx_TAEnvswULvG2dANyXgpa2u3M-t61InNedH0NgmA3va1KPkMuMc3iRvZuns4gm-xIonYDqYrYmn38rfMPussdmoB2e2_2zhcF0gIX2aXo1_wJFBMtik7z0/s1600/conf_statement.png" height="449" width="640" /></a></div>
<br />
The main point here is that the format is set to "Statement in analytic format": this means that the journal entries are analyzed to compute the needed data. The other two kind of formats (pancake format and two separate sections) are used for the <i>Income Statement</i> and for the <i>Balance Sheet</i>, respectively.<br />
<br />
In the comment field, you can see that there is:<br />
<ol>
<li>a caption, which is the text that appears after the name of the statement, in the title <br />(the "{date}" part is automatically replaced by the date of the last journal entry found);</li>
<li>a strip tag, in form of a regular expression used to replace some text from the journal entry description (you don't need to know how regular expression work to use them: it is enough to kwow that this particular one means that the application should replace every text that begins with "To" + a word, like in "To record", "To close", etc.).</li>
</ol>
<div>
As children of the item <i>Statement of Changes in Equity</i> there are two other items, <i>Share Capital</i> and <i>Retained Earnings</i>, that represent the needed columns in the statement. Each of them, in the comment field, has the list of account to analyze (hence the name of the format of the statement). So, for instance, the first one has the following "analyze" tag, that tells the application to consider accounts with codes 320 (<i>Share Capital</i>) and 325 (<i>Preferred Shares</i>).<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuevVeNXY_K3gb5gVtYp5ijcv44sfn_POAzhp1lNJ2tOCabyziclsk1d-loeQXQK1NCXskG8o5pkek-pUhRKyQ_8K0emrupQO_CXwvvOGnH-2fNiTKHR5km9oT7FBxNNi2fkwUHRobYZc/s1600/conf_statement_subitem.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuevVeNXY_K3gb5gVtYp5ijcv44sfn_POAzhp1lNJ2tOCabyziclsk1d-loeQXQK1NCXskG8o5pkek-pUhRKyQ_8K0emrupQO_CXwvvOGnH-2fNiTKHR5km9oT7FBxNNi2fkwUHRobYZc/s1600/conf_statement_subitem.png" height="84" width="640" /></a></div>
<br />
Last thing, now. If we want to obtain better values for the first column, we can add extra comments in the journal entries involved, in the lines of the single postings (just put a hash sign after the account name, with a comment afterwards). This way, the comment is taken into consideration, instead of the journal entry description.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTcYOwOVDEWJohyVBOIW_p7YZ2531TXK3NmfdQg9t-127Maih3HXMHiydfbSnwpPPO-aIFFcO2R4sitrT8KaNgKwYeGo2UCVYdL3n6w3OkyozwY4yWUfvmeFcf2Ycn8dM5iP-b5fi1pPQ/s1600/entry02.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTcYOwOVDEWJohyVBOIW_p7YZ2531TXK3NmfdQg9t-127Maih3HXMHiydfbSnwpPPO-aIFFcO2R4sitrT8KaNgKwYeGo2UCVYdL3n6w3OkyozwY4yWUfvmeFcf2Ycn8dM5iP-b5fi1pPQ/s1600/entry02.png" height="289" width="640" /></a></div>
<br />
Ok. Now the statement looks nicer (and similar to the one on page 114 of the book):<br />
<br />
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<br /></div>
We are done. If you have comments, corrections or hints, just write a comment here below in the blog or contact us through the <a href="http://www.learndoubleentry.org/site/contact" target="_blank">form on the website</a>.<br />
<br />
<br />
<a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license"><img alt="Licenza Creative Commons" src="https://i.creativecommons.org/l/by-nc-sa/4.0/88x31.png" style="border-width: 0;" /></a><br />
<span property="dct:title" xmlns:dct="http://purl.org/dc/terms/"><i>How to prepare a Statement of Changes in Equity on LearnDoubleEntry.org</i></span> by <a href="http://blog.learndoubleentry.org/2015/01/statement-of-changes-in-equity.html" property="cc:attributionName" rel="cc:attributionURL" xmlns:cc="http://creativecommons.org/ns#">Loris Tissino</a> is licensed under a <a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license">Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License</a>.<br />
Based on a work at <a href="https://business.athabascau.ca/assets/Introduction-to-Financial-Accounting-online-text.pdf" rel="dct:source" xmlns:dct="http://purl.org/dc/terms/">https://business.athabascau.ca/assets/Introduction-to-Financial-Accounting-online-text.pdf</a>.</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-72446689660065326462015-01-12T18:20:00.000+01:002015-01-12T18:25:52.449+01:00Economia aziendale CLILPer elaborare e proporre una unità di apprendimento di economia aziendale in lingua inglese, nell'ambito di un'attività CLIL (<i>Content and Language Integrated Learning</i>), il sito web <a href="http://learndoubleentry.org/">LearnDoubleEntry.org</a> può essere una valida risorsa.<br />
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Il sito è infatti pensato per essere utilizzato in modalità plurilingue, e questo per quanto riguarda sia l'interfaccia utente sia le scritture contabili.<br />
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJHNgL8m-qPuJh1Cm_FQpq3SFrwn0nz-S-xDHDCTP8Q0QntVIMg8zIg92xhrS1lc5Zh0TxYDvi9UVXTNLiIlVc7Tv3P9rkPWwXQfcpbBfSX2ffxV1sZ25vxOw6pO-ul8kP_djs5Coiy6Q/s1600/multilingual_interface.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJHNgL8m-qPuJh1Cm_FQpq3SFrwn0nz-S-xDHDCTP8Q0QntVIMg8zIg92xhrS1lc5Zh0TxYDvi9UVXTNLiIlVc7Tv3P9rkPWwXQfcpbBfSX2ffxV1sZ25vxOw6pO-ul8kP_djs5Coiy6Q/s1600/multilingual_interface.png" height="400" width="383" /></a></div>
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Anche il piano dei conti, infatti, può essere plurilingue: per ogni conto è possibile impostare un nome in italiano e un nome in inglese (o in qualsiasi altra lingua si desideri). E la stessa cosa vale per la strutturazione dei documenti che compongono il bilancio di esercizio.<br />
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<div class="separator" style="clear: both; text-align: center;">
</div>
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<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4aTFXG0r_bXq7cWre86ue9QE_ypVv1aTPimqe9vPLx-3q3fRkQjoS5NZ0RBJUVjJwvVWu4QdLX9cOOHP56ClqKjIokxmbUnimMLxhN15z9dpWLM5p_TOAU2GuCM5ZN9YS1wR0Hq3BTlI/s1600/multilingual_chart_of_accounts.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4aTFXG0r_bXq7cWre86ue9QE_ypVv1aTPimqe9vPLx-3q3fRkQjoS5NZ0RBJUVjJwvVWu4QdLX9cOOHP56ClqKjIokxmbUnimMLxhN15z9dpWLM5p_TOAU2GuCM5ZN9YS1wR0Hq3BTlI/s1600/multilingual_chart_of_accounts.png" height="400" width="382" /></a></div>
<br />
Inoltre, nel <a href="http://blog.learndoubleentry.org/" target="_blank">blog del sito</a> si trovano link a diversi siti web in lingua inglese dedicati al mondo della contabilità, ai quali ci si è rifatti per l'uso della terminologia appropriata e per la predisposizione di alcuni <a href="http://learndoubleentry.org/site/en/handbook" target="_blank">esercizi svolti</a>.<br />
<br />
A seconda del livello di competenza linguistica chi usa <i>LearnDoubleEntry.org</i> potrà decidere se impostare l'interfaccia utente in italiano o in inglese e, per le aziende di cui gestirà la contabilità, se vorrà utilizzare i conti (e vedere poi il bilancio) in italiano o in inglese. È possibile anche passare da una lingua all'altra durante l'esercitazione. Dunque, <i>happy accounting</i>!<br />
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(Nel caso ve lo stiate chiedendo: sì, l'uso del sito è completamente gratuito, ed il sito è basato su software libero che potreste anche installare su un vostro server personale / di istituto, se lo desiderate.)<br />
<br />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-2126998585368425472.post-21126459058143140192015-01-12T17:39:00.000+01:002015-01-12T17:41:43.056+01:00To record transactions is now easierLots of enhancements have been introduced with releases 1.5 and 1.6 of DELT, the software <a href="http://learndoubleentry.org/">LearnDoubleEntry.org</a> is built on.<br />
<br />
Many of them concern the interface that you use when you prepare a journal entry, and have been requested by the users.<br />
<br />
A new little icon has been introduced, to allow swapping amounts from the debit column to the credit column. It's handy, because if you are a student you can easily correct an error and if you are a teacher you can easily show what would happen if two amounts were inverted.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3gYAeY2EtZVSKs4tUOHkcdAh-nF6dl2LYYaof_l85TJqQFmbqd1spuEc4YQgaqOwst5EXTZb2-0te0MKP8W1qNJs2_irN0KjraRLG1IZ6s85vIyYYo-qmEj4u6CrfiuDNoPhHbYHGmhY/s1600/swap_debits_credits.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3gYAeY2EtZVSKs4tUOHkcdAh-nF6dl2LYYaof_l85TJqQFmbqd1spuEc4YQgaqOwst5EXTZb2-0te0MKP8W1qNJs2_irN0KjraRLG1IZ6s85vIyYYo-qmEj4u6CrfiuDNoPhHbYHGmhY/s1600/swap_debits_credits.png" height="57" width="400" /></a></div>
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A calculator is available when your cursor is in an amount field. Just press the <span style="background-color: #d0e0e3;">+</span> or the <span style="background-color: #d0e0e3;">-</span> key to make it appear. If there is an amount already, you can add a value.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_vwuf6I7_E9NQCJd-eoUm8-iFHjqefsy0p41Zhal62l-Cilg34VAq4ryBgbYuTlgITojwOsqGNwawsQOkn1hPStDPx5jvUhE1btkxEXcZnPAkrG2ivBbjduBlfQB4xGdvvhdQwi7v4mU/s1600/calculator.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_vwuf6I7_E9NQCJd-eoUm8-iFHjqefsy0p41Zhal62l-Cilg34VAq4ryBgbYuTlgITojwOsqGNwawsQOkn1hPStDPx5jvUhE1btkxEXcZnPAkrG2ivBbjduBlfQB4xGdvvhdQwi7v4mU/s1600/calculator.png" height="188" width="400" /></a></div>
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If your cursor is in an amount field, other two useful keystrokes are now available:<br />
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a) type <span style="background-color: #d0e0e3;">=</span> to compute the amount that would close the journal entry by making the sum of debits equal to the sum of credits;<br />
b) type <span style="background-color: #d0e0e3;">?</span> to get the amount that would close the account you selected on the left field.<br />
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Other enhancements concern advanced issues (customization of stylesheet, statement of changes in equity, management of the chart of accaounts, etc.) and deserve future blog posts. Stay tuned!Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-42080936945830875602014-03-24T09:41:00.000+01:002014-03-24T09:41:26.502+01:00Some little enhancementsThe website has been updated with the release 1.4.4 of DELT.<br />
There are some little enhancements.<br />
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It is now possible to export the data from the trial balance specifying if you want to take "closing entries" in consideration.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyWsaZXOCW4b9D1aQ82rN3JmJSnikELAjEGP9rcC0MDzP5uMK9sUOJlACDkwB0-1vcIe3KIp7OKF-MOD1cUnbE3fTMJhTr5HhSiMckxRWEhtGsgm6rE1aVOKoZACWxgIZXllWOsAkhoxM/s1600/trial_balance_export.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyWsaZXOCW4b9D1aQ82rN3JmJSnikELAjEGP9rcC0MDzP5uMK9sUOJlACDkwB0-1vcIe3KIp7OKF-MOD1cUnbE3fTMJhTr5HhSiMckxRWEhtGsgm6rE1aVOKoZACWxgIZXllWOsAkhoxM/s1600/trial_balance_export.png" height="210" width="400" /></a></div>
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Closing entries are special journal entries that are not considered when the statements are prepared. This way, when the amount of, say, Purchases is shown on the Income Statement, it can be shown even if the account is already closed.<br />
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Second, the client-side code that prevents users to leave the journal entry page with unsaved data has been improved. Please report any issue you might have with this.<br />
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Third, the "net result" line for the income statement now comes straight from the Configuration of the single firm, That means that you can specify what you want there to appear. Just go to the Chart of Accounts page, and edit the line of the result account. If you have two items, one with a "debit" outstanding balance and one with a "credit" outstanding balance, the appropriate one is chosen.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXMKhVLEvZ-BJfydoFNu5KQ7S2YZwzIvGZGf_4QF8D8Ypidsq8FYSY-ybH-cC6o0diIQIDVoKcXOjmGkhBBsShYOkqc2bHdOs7qht6pZ8gHADxqo1j46bGkLrXjm6uA93BW0QXopKeNq4/s1600/closing_accounts.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXMKhVLEvZ-BJfydoFNu5KQ7S2YZwzIvGZGf_4QF8D8Ypidsq8FYSY-ybH-cC6o0diIQIDVoKcXOjmGkhBBsShYOkqc2bHdOs7qht6pZ8gHADxqo1j46bGkLrXjm6uA93BW0QXopKeNq4/s1600/closing_accounts.png" height="118" width="400" /></a></div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-52573770892872575252014-03-16T09:51:00.000+01:002015-01-12T17:39:39.639+01:00General LedgerDo you want to have a look at the General Ledger, when all your accounts are neatly listed one under the other, with all transactions recorded for each one? You can now do it: just click on the brand new link "General Ledger" for your firm!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSZis4HdcFHETqE9xfTmvLosyAlGHHymy_epPJvBb5KezQn45OXldJpbV1xEMWO7n9TkTIUK8aKqQghEth-GllvAQ0oz_qR9yoylCB2EPd3AI9dfYngWOfNemItIf_DWGKeyrRtaaOKn8/s1600/general_ledger_blog.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSZis4HdcFHETqE9xfTmvLosyAlGHHymy_epPJvBb5KezQn45OXldJpbV1xEMWO7n9TkTIUK8aKqQghEth-GllvAQ0oz_qR9yoylCB2EPd3AI9dfYngWOfNemItIf_DWGKeyrRtaaOKn8/s1600/general_ledger_blog.png" height="400" width="391" /></a></div>
<br />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2126998585368425472.post-39565352002631252622014-03-05T13:24:00.000+01:002014-03-05T13:24:38.434+01:00We are going social!As you might have already noticed, the login screen changed a bit.<br />
It is now possible to login in the website using your preferred social network credentials.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHLLEGoKi61fgpZtb5uoUkOFV2r0vQGYj0H-V66Av4NeSchyphenhyphenCh71VSBhXV399KOsKseBA7ARtckW7eBPgYO0N8lsOc6gnPTOAMs17Yql7wh_c5wmPXD4kQ2muEnvQQtkTen5bL4FFZBJo/s1600/social_login.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHLLEGoKi61fgpZtb5uoUkOFV2r0vQGYj0H-V66Av4NeSchyphenhyphenCh71VSBhXV399KOsKseBA7ARtckW7eBPgYO0N8lsOc6gnPTOAMs17Yql7wh_c5wmPXD4kQ2muEnvQQtkTen5bL4FFZBJo/s1600/social_login.png" /></a></div>
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This way, you can start to complete your exercise without worrying about a new password to remember. If you have any troubles in this, just contact us through the form and we'll try to help you.Unknownnoreply@blogger.com0