The balance sheet is one of the three basic financial statements and is important to both financial modeling and accounting. A balance sheet can also be described as a snapshot of a company’s financial condition.
The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position.
It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios. At the end of this course, students should be able to:
- Have an in-depth knowledge of Balance Sheets
- Understand the components of a balance sheets
- Know income and cash flow statement
- Understand how to prepare and analyze a balance sheet.
Course Curriculum
SECTION 1: CONCEPT OF BALANCE SHEETS
1 Definition of Balance sheets Self-paced
2 Components of a balance sheet Self-paced
3 The Income Statement Self-paced
4 Cash flow statement Self-paced
5 Quiz 8 questions
SECTION 2: PREAPARATION OF A BALANCE SHEET
1 How to Prepare a Balance Sheet Self-paced
2 How to analyze a balance sheet Self-paced
3 Conclusion Self-paced
4 Quiz 7 questions
SECTION 1: CONCEPT OF BALANCE SHEETS
SECTION 2: PREAPARATION OF A BALANCE SHEET
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