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DK Essential Managers: Understanding Accounts by Stephen Brookson

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Understanding Balance Sheets

The balance sheet is effectively a listing of everything a business owns minus all that it owes. Learn how this key financial statement is structured and how the figures work to provide you with a picture of the total net assets of an organization.

DK Think of the balance sheet as an aerial photograph.

Examining how balance sheets work

The balance sheet shows the present financial performance of a business. It can be compared to a snapshot of an entire organization taken at the close of business on a specific day, and it is therefore correct only at that one precise moment. The snapshot shows everything that the business ...

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