A component of financial statements which sets forth the assets, liabilities and net worth of an individual or business entity at a given point in time. Also referred to as a "Statement of Condition".
financial statement which shows a company's financial condition (amount of debits and credits) on the last day of an accounting period.
A financial statement that shows a business` asset... more
A financial report that shows the status of a company's assets, liabilities and equity capital at a particular point in time, usually at the close of the calendar month or year. It is also sometimes referred to as a Statement of Condition.
A financial summary of a firm's assets, liabilities, and shareholder's equity at a single point in time.
The financial statement that shows the assets, liabilities, and owner's equity of a business at a point in time. Also called a statement of financial position.
This financial report shows the status of a company's assets, liabilities and stockholder equity on a given date, usually at month or year end. Assets are equal to liabilities plus stockholder equity.
A statement of assets and liabilities, plus owners equity and reserves at a specific date.
One of the three components of a set of financial statements. It represents a “snapshot” of the financial condition of a company at a specific point in time.
A balance sheet is a snapshot of the companyâ€(tm)s accounts at the end of fiscal year. It shows the resources of the company (assets) and its debts (liabilities).
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. also called statement of condition. see also accounting equation, accounts receivable, book value, annual report, asset, current assets, current liabilities, financial statement, financial structure, goodwill, long-term assets, pro forma
A statement of the financial position of a business at a particular point in time.
A “point in time” snapshot listing all of your assets as well as your liabilities.
Statement of assets and liabilities prepared by the accountants of a company. Companies whose shares are publicly traded usually prepare and publish a balance sheet half-yearly or quarterly. Private companies are not under an obligation to release full balance sheets
A balance sheet shows the financial condition of a company at a given point. For example, when automakers procure funds from shareholders in order to manufacture cars, the capital is recorded as liabilities/shareholders' equity and production facilities are recorded as assets. The more profit a company makes, the more its internal reserves increase, which in turn sparks a rise in shareholders' equity. Assets must equal liabilities plus shareholders' equity. Because the government, unlike private corporations, has no shareholders, its liabilities often exceed assets, giving it a negative net worth. But this does not necessarily mean that the government has cash flow problems. However, the government is required to tailor fiscal policy to prevent an unlimited expansion of the budget deficit, because excessive debt could place too great a repayment burden on future generations. The Ministry of Finance released trial calculations of the government's balance sheet for the first time in October 2000.
An official financial statement of a company's assets, liabilities and shareholders' equity. To determine a company's net worth, subtract its liabilities from its assets. A company's balance sheet portrays its financial health.
A financial statement in a table form that shows assets, liabilities and net worth.
The balance sheet shows what assets and liabilities the company has and how the business is funded.... more on: Balance sheet
a statement of net assets, liabilities and equity.
Statement of financial position of the firm for a point in time.
A detailed financial statement setting forth personal or corporate assets, liabilities, and net worth (the difference between assets and liabilities) as of a specified date.
a financial statement for an accounting entity which shows its financial position on a particular day (called the “balance sheet date”) by stating the values of its assets and liabilities on that day and, where appropriate, the owner’s equity on that day.
A statement based on the equation: Assets equal Liability + Equity.
Financial statement that lists a company's assets and liabilities as of a specified date. The balance sheet presents a companyâ€(tm)s financial condition by listing what it owns — assets such as cash, inventory, factories, equipment and accounts receivable — and what it owes — liabilities such as short-term and long-term debt and accounts payable. The difference between assets and liabilities is known as shareholderâ€(tm)s equity or book value.
a statement of assets and liabilities. See the balance sheet page.
A summary of a company's finances as of a given date, which shows its net worth, what it owns (assets) and what it owes (liabilities).
A worksheet outlining your assets and liabilities.
A basic accounting statement that represents the financial position of a firm on a given date.
This is a financial snapshot of business that shows the financial position of a business entity at a point in time. It is essentially a statement summarizing the assets, liabilities, and owner's equity at a specific date.
A balance sheet is a summary of an organisation's financial position. It lists the values, in the books of account on a particular date, of all the organisation's assets and liabilities. The assets and liabilities are grouped in categories, to paint a picture of the organisation's strengths and weaknesses.
A financial statement that presents a business's financial position in terms of its assets, liabilities, and equity as of a certain date.
A better name for a balance sheet might be "a list of assets and debts." Your balance sheet shows what you own and what you owe, the difference being your net worth. A balance sheet is like a still photograph taken at some single point in time. Balance sheets are as of a given date. An income statement on the other hand, is for a period of time, such as a month or year. It is the moving picture to show how your balance sheet got from one point in time to another. In business, the income statement shows how many sales were made and how many expenses were incurred to cause your balance sheet (net worth) to go up or down a certain amount. See also financial statement.
a financial picture of a business as it existed on one particular day, comprised of three categories assets, liabilities, and shareholder's equity. Page 326
A statement of the financial position of an entity at a given date disclosing the assets, liabilities and accumulated funds such as shareholders' contributions and reserves, prepared to give a true and fair view of the financial state of the entity at that date.
A report outlining the assets, liabilities and equity (net worth) of an agency or the Government as a whole, at a specific date. Also known as a Statement of Financial Position.
Financial statement that lists all assets, liabilities, and equity of a company or individual at a given point in time. Balance sheet uses the basic accounting equation which is Assets = Liabilities + Owner's Equity or net assets in NFP's.
The financial statement that shows the financial condition of a company on a particular date.
One of the main financial statements. The balance sheet reports the assets, liabilities, and owner's (stockholders') equity at a specific point in time, such as December 31. The balance sheet is also referred to as the Statement of Financial Position. To learn more, see Explanation of Balance Sheet. To Top
A statement of the total assets and liabilities of an organization at a particular date, usually the last day of the accounting period. The first part of the statement lists the fixed and current assets and the liabilities, the second part shows how they have been financed: the totals for each part must be equal. The balance sheet is one of the primary statements to be included in the financial accounts of a company.
A statement of the assets, liabilities and owners' equity (surplus) of an enterprise. Assets minus liabilities equals owners' equity.
A 'snapshot' view of your assets and liabilities.
A statement of a business or institution that lists the assets, debts, and owners’ investment as of a specified date.
A statement of the firm's financial position at a specific point in time.
Financial statement showing assets and liabilities at a specific time.
Forms 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.
is a financial statement showing the assets, liabilities, and net worth of a business on a specified date.
The balance sheet is a financial snapshot showing the assets of a business and how they are financed. The excess of the assets over the liabilities is the equity or net assets.
a financial statement that reflects the financial condition of a business on a given date in terms of assets, liabilities and owners' equity
A key financial statement showing the nature and amount of a company assets, liabilities and capital on a given date. In one column all the company assets are listed with their values, and in the other all its liabilities and the equity of the shareholders. (See also Profit and Loss Account).
An important business document that shows what a business owns and owes as of the date shown. Essentially a "balance sheet" is a list of business assets and their cost on one side and a list of liabilities and owners' equity (investment in the business) on the other side with the amount for each. The liabilities include all that the business owes. The balance sheet looks at two financial aspects, ASSETS - which the company owns, and LIABILITIES which the company owes. Whilst the Profit & Loss account is the culmination of a years activities, the Balance Sheet looks at the company's assets and liabilities on one day - in effect a snapshot.
A statement produced by a business or organisation to show its financial position on a specific date listing assets, liabilities and equity.
a financial statement listing the assets, debts, and owner investment as of a specific time period.
One of the three major kinds of financial statements used by businesses. It is primarily a status report that shows the financial condition of a business or organization as of a particular date#usually the end of the year. (See also: income statement and statement of changes in financial position.)
A financial statement that discloses the assets, liabilities, and equities of an entity at a specified date in conformity with generally accepted accounting principles (GAAP).
The financial statement disclosing the assets, liabilities and equity of an entity at a specified date in conformity with GAAP.
A financial statement that indicates the financial condition of a business as of a given point in time, it includes assets, liabilities, and stockholders' equity, and it represents a statement of the basic accounting equation.
A statement of an institution's assets, liabilities and equity as of a certain date - usually the last day of the institution's fiscal year. It can be thought of as a snapshot of the state of the institution at a certain point. Its name is derived from the fact that the assets have to balance the liabilities plus the owner's (or owners') equity.
A statement of property. A list of all assets (things) which always equal the liabilities (persons who have provided credit) and owners' equity (persons who own the business).
A financial statement showing a “snap-shot” of the assets, liabilities and net worth (fund balance) of an organization on a given date.
The section of the accounts which summarises the financial state of a business at a specific point in time.
Financial statement presenting the measure of assets, liabilities and owner's equity or net worth of business firm at a given point in time.
A key financial statement that summarizes a person's assets, liabilities, and net worth, measured at a specified point in time.
Think of a Polaroid picture. This is a snapshot of where your company is on a particular date. It lists assets, liabilities, and produces your equity -- the net worth of your company. (Download a Sample Balance Sheet, and visit our Tools Library for more samples.)
An official financial statement that lists a postsecondary institution's assets and liabilities as of a specified date.
A summary of a company or individual's assets, liabilities, and net worth.
A report showing the financial position or condition of a business at a given date. Also called the statement of financial position or statement of financial condition. Always balances because Assets = Equities (liabilities + owner's equity).
An accounting statement that shows the amount of a company or individual’s assets, liabilities, and net worth on a certain date.
A type of financial statement that summarizes a firm's financial position on a particular date in terms of its assets, liabilities, and owners' equity.
Financial statement listing a company's assets, liabilities, and equity on a specific date. (last updated 03/19/2004)
Financial statements providing the status of a company's assets, liabilities and shareholders equity on a specific date.
A total list of all assets and liabilities in the business. The difference between them is owner equity.
A statement showing the financial position (the assets, liabilities, and capital) of an individual, company, or other organization on a certain date.
A statement of the accounts of a company that reflect its financial situation at a given time. There are two main items on the balance sheet, assets and liabilities, which must have an equivalent value.
A statement purporting to present the financial position of an entity or fund by disclosing the value of its assets, liabilities, and equities as of a specified date.
A detailed financial statement showing assets, liabilities, and net worth.
A financial document showing the assets and liabilities of an organization.
the financial statement that shows what the business owns and owes
The balance sheet shows the financial condition of a company at a specific point in time. The balance sheet is broken down into the major sections: Assets, liabilities and net worth.
an itemized statement showing the nature and amount of assets, liabilities, and net assets. It is an instantaneous cross section of the organizations’ solvency.
A financial statement that reports the assets, liabilities and equity of an entity as at a particular date.
A financial statement that shows the financial position of the organization at a particular date. It consists of a list of the assets, liabilities and fund balance.
(go to top) The statement of the capital position of a company, showing what it owns (assets) and what it owes (liabilities). Normally companies produce an independently audited balance sheet and financial statement once a year in their annual report.
This financial statement will report assets, liabilities, and owner's equity on a specific date.
A statement about what someone owns and owes.
an enterprise's statement of its assets, liabilities and net equity.
A financial statement that lists the assets, liabilities, and equity of a company at a certain point in time.
The financial statement that reflects the values of an individual or businessâs assets and the financial claims on these assets at a specific point in time.
Statement of what company owns and owes as of a date. Essentially a list of business's assets, liabilities and net worth.
A financial report regularly issued by companies. It provides a detailed breakdown of what a company owns and owes, together with an analysis of the company's assets.
Is one of the legal accounting documents that must be presented by a company annually. Most companies produce two Ñ at their half year end and at their year end. This represents all the assets that companies keep such as land, buildings, plant and machinery and current assets. It also shows the company's liabilities such as long-term loans, creditors etc. The two sides must balance. More modern terms than assets and liabilities are sources of capital and employment of capital.
The balance sheet is a financial statement that shows a company's assets, liabilities and equity as of particular moment in time.
A financial statement showing all of the company's assets, liabilities and shareholders' equity as at a particular point in time.
A summary statement that reflects the Company's assets, liabilities and shareholders' equity at a particular point in time.
A financial statement as of a specific date detailing the financial condition of a business enterprise, showing assets, liabilities, and capital. (See "Statement of Condition.")
A financial statement for a firm showing the company's assets, liabilities, and capital on a given date.
a financial snapshot of the financial health of your business at a given point in time
A statement showing the "net worth" or a company in accounting terms. It represents the financial position of a company on a particular day.
A report that details the various assets and liabilities of a business at a point in time, usually the end of an accounting period. A Balance Sheet must always balance, i.e. debits must always equal the credits.
A financial statement that lists values of a company's assets on one side and its liabilities on the other. The liability side of the balance sheet includes both debts of the company and owners' capital. The asset and liability columns always add up to the same amount, hence the use of the term balance sheet.
A detailed statement showing net worth, financial liabilities and assets as of the date prepared.
An important business document, which shows, what a company owns and what it owes on the date the balance sheet is made. In the balance sheet the assets and their value are enumerated on one side and the liabilities and the owner's capital (investments made into the business) - on the other side. Liabilities include everything a company owes.
A financial statement that shows the value of your business at a particular point in time. The balance sheet consists of two columns, assets and liabilities, which must be equal.
The balance sheet reflects the financial condition of the company on a specific date. The basic accounting formula is the basis for the balance sheet: Assets = Liabilities + Owner's Equity The balance sheet doesn't start over. It is the cumulative score from day one of the business to the time the report is created.
Statement of assets and liabilities and net equity for a company/entity at a point in time
The balance sheet is one of three primary financial statements that companies use to measure, track and commuicate their financial status (the others being the income statement or profit and loss statement, and the cash flow statement). The balance sheet presents a snapshot of the company's financial status at that moment in time. Its components are the assets (what the company owns such as cash, accounts receivable, inventory, plant, property and equipment); liabilities (what the company owes such as accounts payable, a bank line of credit, a longer-term loan); and equities (capital that stockholders paid into the company and retained earnings). The statement gets its name from the equation that assets = liabilities + equities. See also: Cash Flow Statement, Debt, Equity, Income Statement
A statement of the financial condition of a business at a certain time showing assets, liabilities, and capital.
statement, which gives a picture of the business position at a given point in time. It shows what a business owns (assets) and what the business owes (liabilities).
Listing of the assets, liabilities and owner's equity at a spcific point in time.
a financial statement that shows the financial position of a business at a particular date.
A company's financial statement that provides a snap shot of its assets, liabilities and equity at a specific time
A financial "snapshot" of a company's assets, liabilities and net worth at a particular point in time.
financial statement that lists the assets, debts, and owner's investment as of a specific date.
Is a summary of a company's assets, liabilities, and owners' equity at a specific point in time.
A financial statement that includes the company's assets, liabilities, and equity as of a particular date.
A statement showing a firm's accounting value on a particular date. It reflects the equation, Assets = Liabilities + Stockholders' equity.
A presentation of assets and liabilities at a certain point in time, evidencing the net assets of the company. The structuring into various defined positions is legally stipulated for "Aktiengesellschaften" (joint-stock companies, limited by shares) and by the regulations on accounting standards.
A financial statement as of a particular date that includes the company's assets, liabilities and equity.
A report of financial standing which includes assets, liabilities, and net worth of an individual.
a debt with little chance of being recovered and written off as a loss. a statement of assets, liabilities and net equity for an enterprise at a point of time.
The year end statement of the company's financial position which shows: * everything the company owns, less * everything it owes, giving * who owns that balance.
Financial statement that includes assets, liabilities and net worth for a particular time period.
A report of the financial position of a business at a specific point in time, showing its assets, liabilities, and owner's equity.
A written statement of an individual's assets and liabilities, the difference being an individuals net worth.
the formal stament of the financial position of an entity (individual, institution, agency, corporation, etc.) at an instant in time. The ballance sheet is based on the conservation model stated in the form: Assets = Liabilities, or Assets = Liabilities + Owner's Equity. THE BALANCE-SHEET BALANCES The balance sheet has two sides. The numbers on each side must add up to the same total. The balance sheet balances. On one side of the balance sheet are Assets (Owned things of value ). On the other side are Liabilities (debts owed) ,and Capital (the owners' equity,). Every entry into or out of one part of the balance sheet must be balanced by a corresponding entry in another part of the balance sheet. This is so that the bottom totals will remain in balance. This is basic double-entry bookkeeping.
An accounting statement t shows the amount of a company's assets, liabilities, and owner's equity on a certain date.
An important financial report regularly issued by companies. It details, at a particular moment in time, exactly what the company owns and what it owes. It provides a breakdown of the capital structure of the company between debt and equity and analyses what its assets actually are.
The financial statement showing a company's assets, liabilities and net worth (stockholder's equity).
A summary of how much an organisation owns (i.e. 'assets') and how much it owes to other people (i.e. 'liabilities') at any particular date.
A statement presenting the status of the business's assets, liabilities and equity on a given date.
Statement, at a particular point In time, of the financial position of a business or organization-divided into three parts: assets, liabilities and ownership (equity). Also known as Statement of Financial Position.
A financial statement showing the assets, liabilities, and net worth of a business as of a specific date.
"A condensed financial statement at a particular date (e.g. 31/12) showing the nature and amount of a company's assets, liabilities and capital. It shows what the company owned, what it owed, and the ownership interest in the company of its stockholders. "
Is a statement showing the financial position of a company or individual at a point in time.
A statement that shows the assets, liabilities, and net worth of an individual.
A statement of assets, liabilities and net equity for an entity as at a particular point of time.
A listing of a company's assets, liabilities and net worth as of a fixed point in time.
Itemizes a retailer's assets, liabilities, and net worth at a specific point in time; it is based on the principle that assets equal liabilities plus net worth.
() A financial statement that shows assets, liabilities, and net worth as of a specific date.
This financial document shows the net worth of a business or organisation at a particular point in time by stating its assets and liabilities.
a statement of the financial position of a company at a single specific time (often at the close of business on the last day of the month, quarter, or year.) The balance sheet normally lists all assets on the left side or top while liabilities and capital are listed on the right side or bottom. The total of all numbers on the left side or top must equal or balance the total of all numbers on the right side or bottom. A balance sheet balances according to this equation: Assets = Liabilities + Capital.
The summary of financial condition of a organization at a specific of time which includes its assets, liability, income and expenditure.
A company's year-end statement of assets and liabilities.
The balance sheet lists the insurance company's assets.
A financial statement the shows assets, liabilities, and net worth as of a specific date. created when one person, the principal, delegates to another, the agent, the right to act on his/her behalf in business transactions and to excuse some degree of disaction while so acting.
A snapshot of a company's assets and liabilities at the end of a given trading period.
The account balances of your assets and liabilities, as well as information on how these balances have been funded.
A financial "snapshot" of a corporation showing what it owns and what it owes.
Used for the recording of the financial positions of private individuals, companies, cc's and trusts.
A report listing the balances of the assets, liabilities, and equity as of a specific date.
is a listing of assets, liabilities, and equity as of a certain date. The Balance Sheet is one of the two most important financial statements. The other important financial statement is the Income Statement.
A financial summary of the accounts of a firm at a given time, including assets, liabilities, and shareholders` equity.
A financial statement that reports the financial position of a business at a point in time; lists the types and dollar amounts of assets, liabilities, and equity as of a specific date; also called the statement of financial position.
The firm's financial statement that provides a picture of its assets, debts, and net worth at a specific point in time.
A summary of the assets and liabilities of a company presented by that company at a given date, often at the end of the company's financial year. It is not an exact statement of the financial position but reflects this as fairly and accurately as possible.
A statement of financial accounts, on a given date, which will includes assets, liabilities and equity.
One of the main components of a companyâ€(tm)s financial statements, the balance sheet provides an overview of the companyâ€(tm)s assets (what it owns) and liabilities (what it owes) at the end of a financial year.
A statement of financial condition of the business that provides the owner with an estimate of the firm's worth on a given date.
A financial statement that shows a corporation's assets, liabilities and shareholders' equity on a specific date.
A financial statement of a business, which lists assets, liabilities and net worth at a specified date.
A financial statement that shows a business' current financial condition, with assets on the left side and liabilities and net worth on the right side.
A formal written statement of an organisation's assets (cash, the current value of property and equipment, etc.) set alongside its liabilities (money owed). This is generally done to correspond with the financial year. If an organisation's annual income and expenditure accounts show that it is trading in deficit after all income and grants have been received for that year, it could be trading illegally, thereby putting board members and staff at serious risk. However, if there is a "balance sheet surplus" that covers any trading deficit, then legally the company is likely to be treated as "solvent".
A financial statement that reports a company's assets and the claims against them - liabilities and stockholders' equity - at a set date noted on the statement. Also called statement of financial position.
A financial report that entails the status of a corporation's assets, liabilities, and owners' equity for a specific date, usually at month end. It only captures this information as of that date; it does not cover a period of time. See: Balance Sheet Equation; Fundamental Analysis
A summary of all the accounts of a business. Usually prepared at the end of each financial year. The term 'balance sheet' implies that the combined balances of assets exactly equals the liabilities and equity (aka net worth).
A financial statement showing a company's assets, liabilities and shareholder's equity on a given date.
Also called Statement of Financial Position, the primary financial statement that shows the resources of a business at a particular date and the claims against those resources, and therefore the relationships of assets, liabilities and owners' equity.
Is a statement of financial position listing assets, liabilities and owners' equity as of a specific date. Assets = Liabilities + Equity
The financial statement that summarizes the assets, liabilities, and owners' equity at a specific point in time. In some circumstances, this statement is referred to as the Statement of Net Assets.
The Balance Sheet shows assets and liabilities of a company at a unique point in time (i.e. the end of a particular specified day). It will also give details of how the company is funded by shareholders' funds and debt at that point in time.
A report listing the assets, liabilities, and owner's equity of a business as of a specific date.
One of the annual financial reports. See Example 8.
A financial statement that shows the current financial condition of a business by showing assets "balanced" against liabilities and net worth.
A financial statement listing all assets, liabilities and owner's equity at a certain date.
One 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 (More)
A formal statement indicating the financial position of an individual or business at a specific point in time. Assets are usually listed on the left side, and liabilities on the right. Net worth, or the difference between total assets and total liabilities, is indicated at the bottom.
A formal statement of the financial position of a company on a particular day, normally presented to shareholders once a year.
A table of figures showing the assets, liabilities and net worth of a person or corporation on a given date.
Now known in Australia as a Statement of Financial Position or Statement of Assets and Liabilities, this contains information of assets, liabilities and owners equity on a given date.
The basic financial statement, which discloses the assets, liabilities and equities of an entity at a specified date in conformity with GAAP (Generally Accepted Accounting Principles).
An accounting statement listing a company's total assets, total liabilities, and net worth. Capital assets are included, but operating expenses are not.
A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing methods (such as liabilities and shareholders' equity). also called statement of condition. The term 'balance sheet' is derived from the simple purpose of detailing where the money came from, and where it is now. The balance sheet equation is fundamentally: (where the money came from) Capital + Liabilities = Assets (where the money is now). Hence the term 'double entry' - for every change on one side of the balance sheet, so there must be a corresponding change on the other side - it must always balance.
A financial statement showing an individual's (or business's) assets, liabilities, and net worth.
A statement of the assets and liabilities of a business at a given time, as distinguished from an income statement, which reports what has happened over a period of time. More specifically, it is a tabular statement or summary of debit and credit balances carried forward after an actual closing of the books.
A document showing the financial situation--assets, liabilities, and net worth--of a company at a specific point in time.
A financial statement that shows a company's financial condition or position as of a specified date; summarizes what a company owns (assets), what it owes (liabilities), and its owners' investment in the company (owners' equity) on a specified date. Also known as statement of financial position.
An itemized statement listing the total assets and total liabilities of a given business to portray its net worth at a given moment in time.
A fina ncial statement showing assets and liabilities. Balloon An installment payment agreement granting the payee the right to make a larger payment at the end than that required for previous payments. The balloon pays the debt in full. At any time consideration is given to making payment in full a balloon is that remaining balance due.
An itemized listing of assets and liabilities for an organization or individual arranged and classified so as to permit determination of assets by class, liabilities by class and net worth. For non-profit organizations, net worth or equity is generally referred to as Fund Balance.
A financial statement that portrays liabilities, assets, and net worth as of a specific date.
Also called the statement of financial condition, it is a summary of a company's assets, liabilities, and owners' equity.
financial report showing the status of a company's assets, liabilities, and owners'equity on a given date, usually the close of a month.
A statement of the organisation's assets and liabilities at a precise point in time.
A statement that lists your assets, liabilities, and net worth.
A financial statement that includes a company´s assets and liabilities. A company's net worth is equal to its assets minus its liabilities.
The balance sheet forms part of a company's annual report and accounts. It is a summary of the company's assets, liabilities and shareholders funds.
A financial statement providing an instant picture of your net worth. Total assets minus total liabilities equal net worth.
A report of a corporation's financial condition at a specific time.
Also called Statement of Financial Position. This financial report shows the status of your current assets and liabilities so as to figure out your Net Worth. A balance sheet is used by both individuals and companies.
An accounting statement of the financial position of a company showing all assets, liabilities and net worth as of a specific date.
Statement showing the financial position at the end of an accounting period. On the balance sheet, total assets are equal to total liabilities and net assets.
A report stating the financial status of an individual or business at a given time.
A listing of assets, liabilities and net worth showing the financial position of a company at the specific time. A bank balance sheet is generally referred to as a statement of condition.
A statement of what a business owns and owes at a particular point in time.
A financial statement showing the financial position of a person or company at a particular date; a record of assets and liabilities.
The report issued by a company that shows just how creative their accountants and auditors can be. A page that is usually ignored on the way to finding the page that shows how much the CEO made last year. That's how you really tell if a company is successful
The balance sheet provides a summary of a company's financial position at the end of an accounting period.
A set of financial documents showing the nature and amount of assets, liabilities and net equity for an enterprise at a certain date.
A financial statement listing Assets, Liabilities, and Owner's Equity at a specific point in time. Also known as a Statement of Financial Position or Statement of Assets and Liabilities.
A financial statement showing a person's assets, liabilities, and net worth. Back to the Top
A financial statement that shows what a business owns and what it owes at a certain date. Also called a statement of financial position.
The statement featured in the Annual Accounts that indicates the value of the company’s assets and liabilities as at the end of its financial period (the Balance Sheet date) and the ways that these have been financed through external debt, internal profit generation and funds raised from the issuing of share capital.
A condensed financial statement showing the nature and amount of a company's assets, liabilities and capital on a given date. In dollar amounts the balance sheet shows what the company owned, what it owed, and the ownership interest in the company of its stockholders. (See: Assets, Earnings Report)
shows a company's assets, liabilities and capital. You can find the balance sheet in the company's annual report.
Shows the financial position of a business. It is a statement of Assets, Liabilities and Proprietorship.
An accounting statement reflecting the firm’s financial condition in terms of assets, liabilities, and net worth (ownership). In a balance sheet, Assets = Liabilities + Net Worth
Also called a statement of financial position, it is a financial "snapshot" of your business at a given date in time. It lists your assets, your liabilities, and the difference between the two, which is your equity, or net worth.
A listing of all assets and liabilities for an individual or a business. The surplus of assets over liabilities is the net worth, or what is owned free of debt.
A financial statement that indicates what assets a company owns and how those assets are financed in the form of liabilities or ownership interest.
An accounting term referring to a listing of a company's assets, liabilities and surplus as of a specific date.
The financial statement disclosing the assets, liabilities, and equities of an entity at a specified date in conformity with generally accepted accounting practices. An entity may be the school nutrition program at either the school or district.
The part of a financial statement that shows the assets, liabilities, and capital of a company as of a certain date.
A financial statement in table form showing assets, liabilities, and equity, in which assets equal the sum of liabilities plus equity.
Provides a snapshot of a company's financial condition at one point in time. It shows assets, including investments and reinsurance, and liabilities, such as loss reserves to pay claims in the future, as of a certain date. It also states a company's equity, known as policyholder surplus. Changes in that surplus are one indicator of an insurer's financial standing.
Financial statement that gives an accounting picture of property owned by a company and of claims against the property on a given date.
part of a company's annual report that shows a company's net worth (assets, liabilities, and capital)
A report of financial position at a specific point in time of assets, liabilities, and fund balances of an entity.
Standard financial statement that presents assets, liabilities, and equity as of the end of one or more fiscal periods.
A summary of the asset, liability and equity accounts of a business intended to provide an overview of the financial condition of a business at a given point in time. The asset side of the balance sheet always equals the sum of liabilities and equity.
an accounting statement of a company's assets and liabilities, provided for the benefit of shareholders and regulators. It gives a snapshot, at a specific point in time, of the assets that the company holds and how the assets have been financed
a summary of the firm’s assets, liabilities, and shareholder’s equity at a specific point in time.
(statement of financial position): The financial statement that shows the assets, liabilities, and owners' equity of an entity at a particular date.
Basic FINANCIAL STATEMENT, usually accompanied by appropriate DISCLOSURES that describe the basis of ACCOUNTING used in its preparation and presentation of a specified date the entity's ASSETS, LIABILITIES and the EQUITY of its owners. Also known as a STATEMENT OF FINANCIAL CONDITION.
A statement of financial position showing the assets, liabilities, and equity of an association at a point in time.
One of several financial statements of a company providing a listing of assets and liabilities and giving a snapshot of a company's financial health.
A financial report that shows a company's financial position (assets, liabilities and equity) on a given date
A 'snapshot' financial statement which lists the total assets and the total liabilities of a business to portray its net worth or net asset value at a given time.
Financial statement presenting measures of the assets, liabilities and owner's equity or net worth of business firm or nonprofit organization as of a specific moment in time.
A commonly-used financial statement that provides a picture of a business entity's assets, liabilities, and net worth at a specific point in time.
A financial statement which shows an individual's assets, liabilities and net worth as of a specific date.
A financial statement showing a "snapshot" of the assets, liabilities and net worth of an individual or organization on a given date.
In formal bookkeeping and accounting, a balance sheet is a statement of the financial value (or "worth") of a business or other organisation (or person) at a particular date, usually at the end of its "fiscal year," as distinct from a profit and loss statement (or "P&L"), which records income and expenditures over some period. Therefore a balance sheet is often described as a "snapshot" of the company's financial condition at that time. The balance sheet has two parts: assets on the left-hand ("debit") side or at the top and liabilities on the right-hand ("credit") side or at the bottom. The assets of the company -- money ("in hand" or owed to it), investments (including securities and real estate), and other property -- are equal to the claims for payments of the persons or organisations owed -- the creditors, lenders, and shareholders. This standard format for balance sheets is derived from the principle of double-entry bookeeping.
A financial statement showing the nature and amount of a company's assets, liabilities and shareholders' equity.
This financial statement is used to look at the company at a moment in time. The balance sheet measures the assets, liabilities and owner's equity of a company.
A financial report that shows what an individual, business or other entity owns (its assets), what it owes (its liabilities), and the amount of its net worth or equity; as of the date of the statement.
A report of a business's financial condition. It includes assets, liabilities and net worth.
An accounting term which refers to a listing of the assets, liabilities, and surplus of a company or individual as of a specific date.
A listing of assets, liabilities, and net worth as of a particular date. "Balance" refers to the fact that assets equal liabilities plus net worth.
Financial statement that presents a "snapshot" of what the business owns, what it owes, and what equity it has on a given date.
A financial statement showing the resources owned, the debts owed, and the owner's share of a company at a given point in time. See: funds flow statement, income statement.
A list of one's assets and liabilities and their difference (net worth) as of a precise date.
Statement of a firm's financial position on a particular date; also known as a statement of financial position.
A financial statement that shows a company’s assets and claims against it (liabilities and shareholders’ equity at a certain date specified in the statement) also called financial statement.
A financial statement listing assets, liabilities and net worth.
A financial statement that lists the total value of (a) everything a company owns (also called as assets), (b) the company's debts (which are called liabilities) and (c) the value of stockholders' stock on a specific date. It is called a balance sheet because assets must equal the sum of the company's liabilities plus the value of stockholders' stock.
A statement showing the financial position of a business on a specific date by listing its assets (what it owns) and its liabilities (the claims on its assets, or what it owes).
A financial statement showing a company's assets, liabilities and shareholders' equity on a given date. It shows what the company owns and what debts it owes
A statement of the assets, liabilities and capital of a business at a certain point in time.
Financial statement showing assets, liabilities and equity of a company.
Something a self employed person may be asked to produce to a lender if they are using accounts to proove their income. A balance sheet provides a snapshot of everything the company owes and owns at the end of the financial year in question.
A statement of financial condition of a specific date.
A table illustrating the assets and liabilities of an individual or company at a given time.
A statement of a company’s financial position at a given point in time. It details the assets of the company and how these assets are being financed. Financing is broken down into two major categories, namely shareholders’ funds and liabilities. Due to the way in which the balance sheet is prepared, total assets always equals total finance, i.e. the balance sheet will balance.
A statement of assets, liabilities and net equity for an enterprise at a single point in time.
Statement of financial condition, which lists assets, liabilities and stockholder's equity. The net worth of an individual is assets minus liabilities.
Shows the assets and liabilities (legal responsibility of your company) at any particular time. The assets on a balance sheet will always equal the liabilities plus the owner's equity.
The statement of the assets and the liabilities (amounts owed) of a business at a particular time usually prepared each month, quarter of a year, annually, or upon sale of the business.
In formal bookkeeping and accounting, a balance sheet is a statement of the book value of all of the assets and liabilities (including equity) of a business or other organization or person at a particular date, at the end of a period such as a "fiscal year," as distinct from an income statement, also known as a profit and loss account (P&L), which records revenue and expenses over a specified period of time.