I hope that you all enjoyed modeling the historical Profit and Loss of Facebook. This part is a simple and it contains the filled P&L of Facebook, so that you can check your efforts for the past 2 days.
If you go to the consolidated financial statements section, you would get the complete Profit and Loss for Facebook.
Most of the stuff (Revenue, Costs, etc.) just needs to be hardcoded in the P&L template. Some numbers like total revenue and incomes can be derived from the revenue and cost numbers.
Just remember two simple things
So did you get it right?
I am sure if you tried hard, you would have got it right. If not, let’s discuss the issues that you faced and start learning together!
Now that we have the historical P&L in place, we move forward and create the Balance Sheet. Creating the Balance Sheet is similar to creating the P&L, most of the numbers are hardcoded and a few are derived. In the next video, we would release the empty template for the same. In the meanwhile, why don’t you try to create it on your own? The data is with you in the S1 filing!
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