Simcountry is a multiplayer Internet game in which you are the president, commander in chief, and industrial leader. You have to make the tough decisions about cutting or raising taxes, how to allocate the federal budget, what kind of infrastructure you want, etc..
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Financial statements in simcountry

Topics: Suggestions: Financial statements in simcountry

XON Xyooj

Thursday, August 22, 2013 - 12:14 am Click here to edit this post
it would be very awesome if the income statement (profit/loss), cashflow statement, and balance sheet be integrated within one page.

at the moment, i have to search through pages to find what these are.

XON Xyooj

Saturday, August 24, 2013 - 12:34 am Click here to edit this post
when you look at the financial page of each corp, the "cash available now" should be the same as "cash beginning of this month"

but mine are not?

so much easier to just have:
cash at beginning of this month
profi/loss items (itemized into revenues and expenses)
cash at end of this month

then cash at the end of this month goes into the balance sheet. the balance sheet contains the assets and liabilities of the corp or the country.

come on, let's at least make this educational for all players on basics of accounting?

Star Foth

Saturday, August 24, 2013 - 12:55 am Click here to edit this post
All that already exists.
Purchases made during the current month do not count toward last month's records.

Although.... You should get an idea of what it costs by the revenue. The p/e ratio history sheet tells you if it profits. If it's <100, there's a profit. Usually they only profit once upgraded.

They list all the expenses, salaries, upgrade costs, products sold, everything is on the corporation page.

XON Xyooj

Saturday, August 24, 2013 - 01:10 am Click here to edit this post
existed in sc but not per generally accepted accounting principles (GAAP)on planet earth?

every corp to have a cashflow statement, profit/loss statement, and balance sheet.

every country to have these three statements as well.

XON Xyooj

Friday, August 30, 2013 - 04:08 pm Click here to edit this post
simply that:

if you make a profit in your corp or country, you cash value would increase.

if you make a loss in your corp or country, you cash value would decrease

as it is now, making profit every month, yet cash value keeps decreasing?

the basic accounting equation is:
Assets = Liabilities + Equities
where Equities is sometimes known as capitals

XON Xyooj

Friday, August 30, 2013 - 04:11 pm Click here to edit this post
where equities or owner's equity = contributed capital + retained earnings

retained earnings = net income - dividends

net income = income (or revenues) - expenses

XON Xyooj

Friday, August 30, 2013 - 04:25 pm Click here to edit this post
the cashflow statement and profit/loss statement can be combined, such as

Cash from Jan 2013 Ending
+cash injections
-cash expenditures
Total Available Cash Feb 2013 Beginning

Total Revenues Feb 2013

Total Expenses Feb 2013

Net Profit/Loss Feb 2013 (this is net income/loss)

Total Available Cash Feb 2013 Ending

XON Xyooj

Sunday, September 1, 2013 - 12:36 am Click here to edit this post
if you run a state/country economy, should the

country cash available = total cash in state controlled corporations

because the corporations are owned by the state/country?

if your corps make profit or loss, this should be reflected in the cash for the country on your main webpage?

these are not the same for my country, so i'm confused!!!

XON Xyooj

Sunday, September 1, 2013 - 12:40 am Click here to edit this post
it's very difficult to find where there are holes that are draining my the cash of my country,

any help to find these holes would be much appreciate :)

i am constantly asking loans to get my cash positive, eventhough most of my corps make a profit every month. so i don't know where or what when wrong.

XON Xyooj

Sunday, September 1, 2013 - 12:41 am Click here to edit this post
the figures of the financial statements need to be traceable from one statement to the next, so i know where and which figures came from

XON Xyooj

Sunday, September 1, 2013 - 12:49 am Click here to edit this post
if i have say 25 corps that make a profit of say $1B each every game month, then the cash position of my country should be increasing at $25B per game month?

of course the cash for the country is after the costs of running the country are subtracted.

the profit/loss statement for the country needs to show where their figures came from, so i can trace back to which corps or items are draining the country

XON Xyooj

Sunday, September 1, 2013 - 12:53 am Click here to edit this post
i'm a detail person, so i want to know what are the items for "general cost of government" as well as all the other expenses shown on the profit/loss statement.

at the moment, i do not knoww where or how those figures were derived/determined

XON Xyooj

Monday, September 2, 2013 - 05:14 am Click here to edit this post
why would i want my social security to be 80% because it is a cost to my government?

i'm below this "ideal" 80% so is it not better to be as little as possible to decrease the expenses of my country?

it would be very nice to have links within each cost and revenue so that i know where each came from? just giving me that my general government cost is "x" millions, or my transportation cost is "y" millions, not help me to get better in this game.

this is the internet where you can link everything so you know where they came from?

Star Foth

Monday, September 2, 2013 - 05:20 am Click here to edit this post
The ideal improves national welfare. If you want a strong economy, you want a productive populace.

XON Xyooj

Monday, September 2, 2013 - 05:38 am Click here to edit this post
social security is paid to people who no longer in the workforce of my country?

would a productive and strong economy be achieved by investing in the people who are or will be in the workforce, such improving salaries, education, etc?

Star Foth

Monday, September 2, 2013 - 06:58 am Click here to edit this post
Umm...if there are jobs available that pay above state corp salaries, they'll automatically work. Increasing government salaries increases social security.

Here's something that'll make you raise it back to 80 or even 85%. There are greedy enterprises that pay workers dirt to nothing and LESS THAN WHAT IT TAKES TO SURVIVE. If you have 300 salary index and social security is 80%, then anyone who pays less than 12,000 for their low level workers will not e able to hire anyone. It's a way to protect your people from those who don't want to pay your people. I would recommend salaries of 330 and 80% social security. I had someone come into my country and try to pay my workers enough to buy 1 loaf of bread per day. He went out of business so fast.


Monday, September 2, 2013 - 12:41 pm Click here to edit this post
You are jumping the gun again.

all this info is available. You just need to exactly understand what is showing.
Also, as an example, profit or loss are by far not the only factors influencing cash. There are many others that increase or reduce cash and are not profit or loss. Example: the purchase of materials which turns cash into different assets.
using materials is a cost.

There are many any more factors.

XON Xyooj

Monday, September 2, 2013 - 11:43 pm Click here to edit this post
it would be nice to have a "happy" index, so we know how we are treating our populations. this index would be involving wages to our people, national parks we build for them, the mitigation of issues on our roads, rails, waterways, etc...

according to the documentation, if you're an enterprise then you should pay more wages/salaries otherwise you won't get workers from the country you're base on. i'm not exactly sure how that is determine though

Star Foth

Monday, September 2, 2013 - 11:53 pm Click here to edit this post
The welfare index is the happy index. Welfare isn't socialism, as most people believe, but the general happiness and well-be of the people. You could have a socialist, pure capitalist, or even anarchy and still have a good welfare. It depends on the country itself.

XON Xyooj

Tuesday, September 3, 2013 - 12:00 am Click here to edit this post
hi andy,
thank you for dropping in. i probably do not yet know the logics of this game yet so that's why i'm just frustrated not know where figures come from.

i do understand double entry accounting though, so when cash is debit to buy materials then this cash is credited to that material asset category. if you could please incorporate this double entry system into this game, i think it would help players like myself who are interested to know how the figures for each revenue and expense is derived from.

for example, when i look at the profit/loss statement on the country, the items for revenue and cost are listed. but when you click on say "transportation system" it does not tell you where the $1.4B cost came from, it would be good to show that if you click on this item, it would list out what items are mathematically done to get that $1.4B. same for all the other items. the graph showing does help, but not much useful because i have no idea how i could minimize unnecessary costs.

i'm constantly trying to decifer the documentation, but the helps from other players seem to make much more sense to me. i have tried some of the hints provided at the beginning when login, but some of these hints get results opposite to what i needed.

the GAAP cashflow statement consisted of three parts: cash from operating, cash from investing, cash from financing. so perhaps this earth base GAAP would help?

lastly, you have a great game in sc. the real challenge of this game for players is balancing the resources to make a great country or enterprise. the frustrations include that the rules are too mysterious or unclear.

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