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FT Consulants Ltd
Also listed in: Legal
Phone: 242-677-2000 Phone (2nd): 242-394-5816
Fax: 242-677-2020
FTCL commenced operations on January 3, 2006 providing corporate recovery, corporate finance, accounting and company administration services.
The shareholders and directors of FTCL are Maria Ferere and Alison Treco, who have both been in the accounting profession for more than 26 years.
FTCL has 10 full time staff of which 5 are qualified accountants. FTCL also works on a consulting basis with Paul Clarke, who acts as liquidator for a number of Bahamian companies.
Testimonials and reviews are extremely valuable and are a great way to add credibility to your business.
New to Accounting? In this video I will introduce you to the world of accounting by telling you a story. This quick tutorial gives you an introduction to accounting and explains the concepts of income statement (Profit & Loss), balance sheet and the accounting equation (Assets = Liabilities + Equity).
You will also learn through examples what assets, liabilities and equity are. I will also introduce you to the concept of the T account. This is something that we will look into more detail in the Debits & Credits video.
You will follow a day of an Italian beach business and see how this is reflected in two financial reports - although this is a simple example, it can be applied to more complex situations:
00:00 Financial Statements Explained
00:53 Claudio's Beach Business
02:13 Income Statement (which is Revenue - Expenses)
03:31 Balance Sheet
06:21 Claudio's Balance Sheets at different points in time
In the next video of our accounting basics series, we'll take a look at Debits & Credits and in the video after that will take a closer look at the balance sheet.
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