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Balance sheet |
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Balance sheetForms part of the annual report and is the statement of a value for a company's assets and liabilities and the end of the financial year (balance sheet date). It shows a company's financing through external debt, profit generation and the issuing of share capital.Balance sheetOne of the main components of a company's Report and Accounts, the balance sheet provides a snapshot of everything the company owes and owns at the end of the financial year in question. On a specific date it lists:tangible assetsintangible assetsstockdebtorscashbank creditorstrade creditorsshare capitalreservesWhere the profit and loss account tells you how the company has performed in the previous year, the balance sheet reveals things about its fundamental health, like whether it can pay its debts and how good its cash management is. A 'strong' balance sheet is one where liabilities (including borrowings) are considerably outweighed by assets (including cash).Significance: if the company is having problems, the balance sheet (together with the cash flow statement) will tell you whether it can stand the strain.Similar MatchesCurrent account balanceCurrent account balanceBalance on current account Basic balanceBasic balanceIn a balance of payments, the basic balance is the net balance of the combination of the current account and the capital account. Trade balanceTrade balanceBalance of trade. Trade imbalanceTrade imbalanceA trade surplus or trade deficit. Average daily balanceAverage daily balanceA method for calculating interest in which the balance owed each day by a customer is divided by the number of days. See also: Adjusted balance method and previous balance method. Further SuggestionsSignificant order imbalancecompensating balance Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act) Adjusted debit balance (ADB) Balance on current account Low balance method Balance of payments adjustment mechanism Improve the trade balance Compensating balance Balance breakdown Adjusted balance method Balance on goods and services Balance sheet exposure Declining Balance Method Of Depreciation Double declining balance depreciation Favorable trade balance Capital account balance balance of trade Imbalance Net cash balance Balance of payments Previous balance method Balance of trade Balance of payments argument for protection Outstanding balance |
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