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Balance Sheet

Ava Jones

Created on February 8, 2023

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Transcript

Balance Sheet

Presented By

Divya Purohit ( IMBA in Finance - 47 )Kashish Sukhyani ( IMBA in Finance - 25) Anchal Joshi ( IMBA in HR - 01)

Index

1.

Types of Balance sheet.

2.

What is Balance Sheet ?

4.

Components Balance Sheet.

3.

Example.

Advantages and Limitations.

6.

5.

Objectives.

1.

What Is Balance Sheet ?

In financial accounting a, balance sheet is a summary of the financial balances of an individual or organization,whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organizations such as government or not-for-profit entity.

a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time

Keywords:

assets, liabilites, shareholders equity, specific point of time.

2.

TYPES/FORMAT OF BALANCE SHEET.

Standard accounting convention present the balance sheet in one of the two formats: Horizontal presentation (the account form) and the Vertical presentation (the report form). Most companies favour the vertical report form, which doesn't conform to typical explanation in investment literature of the balance sheet as having "two sides" that balance out.

Horizontal
Vertical

3.

COMPONENTS OF BALANCE SHEET.

A balance sheet contsists of three component: Assets, Liabilities, and Shareholders' equity. Let's go over these one by one.

Liabilities

Assets

Shareholders' Equity

is something a person or compny owns, usually a sum of money.

refers to company's net worth or the total doller amount that would be returend to its shareholders if the company is liquidated after all debts are paid off.

is any resources that a business owns or controls,which could be sold for money.

4.

Liabilities

  • Current Liability
  • Non-Current Liability (Long-Term Liability)
  • Contingent Liability

Assets

  • Current Assets
  • Fixed/Non Current - Assets
  • Tangible Assets
  • Intangible Assets

Example

Balance Sheet of Apple Company of the Year 2020-21

6.

OBJECTIVES.

The main purpose or objectives of preparing balance sheet can be discribed as follows:-

To reveal the financial position.

To show the picture of asstes and liabilities.

information about the debitors and creditors

To reveal liquidity position.

To show solvency position.

To calcuate ratio.

To provide financial information.

7.

Limitations

Advantages

  • Items on the balance sheet are not all measured in the same manner.
  • The balance sheet doesn't incorporate important aspects of a company's ability to generate future cash flow such as its reputation and goodwill.
  • You can calculate financial ratios using various balance sheet items.
  • It provides an insight into the company's likelihood of defaulting on its creidt obligations or even its bankruptcy risk.
  • Balance sheet are formatted to allow a well-informed opinion of a company's risk and return prospects.

Thank You

Any questions?