balance sheets
Assets minus liabilities
A balance sheet is a financial statement showing what a company owns, what it owes, and what remains for shareholders at a specific point in time.
Assets equal liabilities plus equity—the sheet must balance.
Companies publish balance sheets quarterly and annually: The balance sheet revealed more debt than investors expected.
- assetsOwned items of value
- current assetsResources convertible within a year
- financial statementsFormal records of transactions
- audit trailsRecorded history of actions
- internal controlsOrganizational oversight procedures
equity · working capital · accounts · capital · shareholder equity · GAAP · liabilities · retained earnings · journal entries · general ledger · reports · double-entry · bottom line · black ink · ledger · spreadsheet · payables · columns
- farm accountingfarm income, expense tracking, cash flow, income statements, profit and loss
- investment analysistechnical analysis, valuation, financial modeling, investment research, stock valuation
- bankingbank, banks, ATM, ATMs, account
- business financeaccounting, revenue stream, profit margin, budget, net profit
- financebank, CFO, banks, controller, finance
- accountingbookkeeping, ledger, general ledger, accounts payable, accounts receivable
balance sheetsincome statements
Reports showing profitability
earnings reports · expense reports · financial projections · budget forecasts
balance, balanced, sheets, unbalanced, balancing, balances, counterbalance, rebalance, imbalanced