The Balance Sheet Explained
What’s a balance sheet? Well, it’s the company’s core financial statement, and it’s used to show financial position at a specific point in time. For anyone who wants better grasp on the accounting basics, or maybe you just find financial statements a bit confusing… don’t worry, you’re not alone. This bite-sized module looks at how the accounting equation forms the basis of a company balance sheet.
- Identify what a balance sheet is
- Gained an understanding of how to get a snapshot of your company’s financial position
- Look at three key categories: assets, liabilities, and equity