Net assets

[Derek Atkins]

PLEASE CC THE GNUCASH-USER LIST ON ALL REPLIES!!!!!

"Andrew Dunkin" <Andrew.Dunkin at fire.nsw.gov.au> writes:

> Thanks again,
> Would it then be correct to say that GNUcash does not look upon an asset
> in the form of a commodity as having $ value, and that only cold hard
> cash in the bank is counted towards "Net Assets $"? This seems
> counterintuitive to me (a non accountant). A stock has a $ value as far
> as I can see.
> Andrew

No, it would not be correct to say that.  It would be correct to say
that the Net Assets bar only looks at one commodity at a time and
ignores everything else.  It's not telling you your current net worth,
it's telling you how many assets you have OF A PARTICULAR COMMODITY.
It tells you how many USD, AUD, CAD, or shared of SUNW you have, and
that is all it does.

-derek

>>>> Derek Atkins <warlord at MIT.EDU> 04/19/05 11:48 PM >>>
> Please cc: gnucash-user on your replies...
>
> If you read closely, the "Net Assets" really says "Net Assets $"
> meaning it's the total Net USD Assets.  Or, in your case, Net AUD
> Assets.
>
> -derek
>
> "Andrew Dunkin" <Andrew.Dunkin at fire.nsw.gov.au> writes:
>
>> Thanks Derek,
>> I understand what you are saying however the "Net Assets" value does
> not
>> seem to be meaningful if the value of all assets held in the form of
>> stocks is excluded from it's calculation. I can click through the drop
>> down list as you described and view the value of each commodity in
>> isolation but I don't understand the value of this. My question was
>> prompted by the fact that the  "Net Assets" bar usually shows me to be
>> "in the red", when in fact due to stocks held I am comfortably "in the
>> black". I have prices for all stocks configured and the $ value of
> each
>> holding is shown correctly in the accounts window under the "Total
>> (Report)" heading. I also don't see where currency exchange issues
> come
>> into it. It seems odd to me that all assets excepting commodities are
>> used in calculation of ones "Net Assets".
>> Regards
>> Andrew Dunkin 
>>
>>>>> Derek Atkins <warlord at MIT.EDU> 04/19/05 12:13 AM >>>
>> The Net Assets bar shows you the total assets in each commodity.
>> Click on it and it will let you choose which commodity you want
>> to see.  It does not use exchange rates to compute the value
>> in your locale currency as you seem to expect it would.
>>
>> -derek
>>
>> andrew <andrew.dunkin7424 at fire.nsw.gov.au> writes:
>>
>>> Immediately below the GUI menu buttons near the top of the Accounts
>> window is a
>>> small section that shows calculated values for "Net Assets" &
>> "Profits". It
>>> appears that the calculation of the figure shown here for "Net
> Assets"
>> does not
>>> take into account any "Investment" asset values, such as stocks and
>> mutual fund
>>> units. The value of such assets appears to be excluded from the
>> calculation of
>>> this "Net Asset" value. Is this correct and if so why are the values
>> of stocks
>>> etc not included in the calculation of the "Net assets" figure shown
>> beneath the
>>> GUI menu buttons?
>>>
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>>>
>>>
>>
>> -- 
>>        Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>>        Member, MIT Student Information Processing Board  (SIPB)
>>        URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>>        warlord at MIT.EDU                        PGP key available
>>
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>
> -- 
>        Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>        Member, MIT Student Information Processing Board  (SIPB)
>        URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>        warlord at MIT.EDU                        PGP key available
>
>
>

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available