Chapter 3 - Balance Sheet
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Transcript of Chapter 3 - Balance Sheet
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BALANCE SHEETBALANCE SHEET
(Chapter 3)(Chapter 3)
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LEARNING OBJECTIVESLEARNING OBJECTIVES
Introduce the ba!c concept o"Introduce the ba!c concept o"account!n# $ aet% &!ab!&!t' account!n# $ aet% &!ab!&!t'
oner* e+u!t'oner* e+u!t'
out&!ne the tructure o" the ba&anceout&!ne the tructure o" the ba&ance
heet o" a &!,!ted co,pan'heet o" a &!,!ted co,pan'
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LEARNING OBJECTIVESLEARNING OBJECTIVES
out&!ne the a&ternat!-e ba&anceout&!ne the a&ternat!-e ba&ance
heet "or,atheet "or,at
prepare a ba&ance heetprepare a ba&ance heet
account!n# e+uat!onaccount!n# e+uat!on
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BALANCE SHEETBALANCE SHEET
A .nanc!a& tate,ent thatA .nanc!a& tate,ent that
report the aet% &!ab!&!t!e%report the aet% &!ab!&!t!e%and oner* e+u!t' at aand oner* e+u!t' at a
pec!.c datepec!.c date
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ASSETSASSETS
ASSETS are resources owned by ASSETS are resources owned bybusinessbusiness
fxed assetsfxed assetstangible fxed assetstangible fxed assets
intangible assetsintangible assets
fnancial assetsfnancial assets
current assetscurrent assets
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ASSETSASSETS
toc/toc/
debtor (or account rece!-ab&e)debtor (or account rece!-ab&e)
cahcah
prepa',entprepa',ent
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LIABILIT1LIABILIT1
E2!t!n# debt ob&!#at!on uch aE2!t!n# debt ob&!#at!on uch a
current% or hortter,% &!ab!&!t!ecurrent% or hortter,% &!ab!&!t!e
hortter, .nanc!a& debthortter, .nanc!a& debt
trade cred!tor (or account pa'ab&e)trade cred!tor (or account pa'ab&e) accrua&accrua&
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LIABILIT1LIABILIT1
&on#ter, &!ab!&!t!e&on#ter, &!ab!&!t!e
&on#ter, .nanc!a& debt&on#ter, .nanc!a& debt
&on#ter, trade cred!tor (or&on#ter, trade cred!tor (or
account pa'ab&e)account pa'ab&e)
pro-!!onpro-!!on
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O4NER*S E56IT1O4NER*S E56IT1
cap!ta&cap!ta&
hare pre,!u,hare pre,!u,
reta!ned earn!n#reta!ned earn!n#
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The Main Elements OThe Balance Sheet
The Main Elements OThe Balance Sheet
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A Typical HoriontalBalance Sheet !ormat
A Typical HoriontalBalance Sheet !ormat
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A "ertical !ormatBalance Sheet #$%
A "ertical !ormatBalance Sheet #$%
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.2ed aet (7A) 8 current aet (CA).2ed aet (7A) 8 current aet (CA)
9 current &!ab!&!t!e (CL) 9 &on#ter,9 current &!ab!&!t!e (CL) 9 &on#ter,
&!ab!&!t!e (LTL)&!ab!&!t!e (LTL)
:e+u!t' (E):e+u!t' (E)
7A 8 (CA 9 CL) 9 LTL : E7A 8 (CA 9 CL) 9 LTL : E
A "ertical !ormatBalance Sheet #&%
A "ertical !ormatBalance Sheet #&%
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ASSETS : LIABILITIES 8ASSETS : LIABILITIES 8O4NER*S E56IT1O4NER*S E56IT1
BASIC ACCO6NTINGBASIC ACCO6NTING
E56ATIONE56ATION