Total liability is what you owe, total asset is what you hold, and a net
asset is what you actually own.
Total asset is mathematically defined as net asset + total liability. So
they'll have same value, but are different things. Proving the mathematical
equation is true proves accounting had no gl
This is a *draft* treasurer's report for 2024-09.
= Monthly report 2024-09-01 - 2024-10-01 =
== Overall SPI 2024-09-01 - 2024-10-01 ==
debit credit total
209899.22 USD 422551.20 USD -212651.98 USD Assets
66.57 USD
This is a *draft* treasurer's report for 2024-07.
= Monthly report 2024-07-01 - 2024-08-01 =
== Overall SPI 2024-07-01 - 2024-08-01 ==
debit credit total
1191389.72 USD 1231810.51 USD -40420.79 USD Assets
64.22 USD
This is a *draft* treasurer's report for 2024-08.
= Monthly report 2024-08-01 - 2024-09-01 =
== Overall SPI 2024-08-01 - 2024-09-01 ==
debit credit total
294416.30 USD 335523.42 USD -41107.12 USD Assets
66.54 USD
Audited financial statements for the year 2023 are available now:
https://spi-inc.org/treasurer/2023-financial-statements.pdf
Form 990 for the year 2023 is also available:
https://spi-inc.org/treasurer/2023-990.pdf
You can consider the 2023 reports under "Financial reports" at
https://spi-inc.org
Thank you very much one more time Dr Michlmayr,
I just have a remark about presentation of our Statement of Financial
Position (page 3): I do not know accounting, but find the last line
("Total Liabilities and Net Assets") very confusing. It does not explain
how it differs from Total Assets.
This is a very standard Statement of Financial Position and they all
look the same.
Unlike the monthly treasurer reports, which need to be completely
reworked for clarity, in this case it comes down to your observation
about accounting knowledge.
I suggest you read about the accounting equation;
On 2024-11-20 08:45:49 -0500 (-0500), Philippe Cloutier wrote:
[...]
> I do not know accounting, but find the last line ("Total
> Liabilities and Net Assets") very confusing. It does not explain
> how it differs from Total Assets.
[...]
I too am no accountant, but my understanding is that assets r
Le 2024-11-20 à 09:21, Martin Michlmayr a écrit :
This is a very standard Statement of Financial Position and they all
look the same.
Unlike the monthly treasurer reports, which need to be completely
reworked for clarity, in this case it comes down to your observation
about accounting knowledge.
Le 2024-11-20 à 20:27, Martin Michlmayr a écrit :
* Philippe Cloutier [2024-11-20 11:27]:
Yes, I am not entirely clueless about accounting; what I meant is
that I don't have (significant) education about it and have never
been involved in the production of such statements. What I was
talking ab
* Philippe Cloutier [2024-11-20 11:27]:
> Yes, I am not entirely clueless about accounting; what I meant is
> that I don't have (significant) education about it and have never
> been involved in the production of such statements. What I was
> talking about is the emphasis on "Total Liabilities and
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