How to read a Balance Sheet - Introduction to Financial Statements
How To Read A Balance Sheet
-
Upload
gustavo-a-viera-cpa -
Category
Economy & Finance
-
view
2.358 -
download
2
description
Transcript of How To Read A Balance Sheet
![Page 1: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/1.jpg)
Gustavo A. Viera, CPA www.vieracpa.com
(786) 250-4450
![Page 2: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/2.jpg)
The Balance SheetThe Balance Sheet
A Balance Sheet, or statement of financial position , gives a “snapshot” of the financial position of the company at a given date. It shows the value of the assets, liabilities and stockholders’ equity on that date.
![Page 3: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/3.jpg)
The Balance SheetThe Balance Sheet
Assets
Current Assets: Cash Accounts Receivable
Fixed Assets: Equipment Furniture & Fixtures Buildings Land
Other Assets: Security Deposits Loans to stockholders
![Page 4: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/4.jpg)
The Balance SheetThe Balance Sheet
Liabilities
Current liabilities: Accounts payable Taxes payable
Long term liabilities: Mortgage payable Loan to bank
Assets
Current Assets: Cash Accounts Receivable
Fixed Assets: Equipment Furniture & Fixtures Buildings Land
Other Assets: Security Deposits Loans to stockholders
![Page 5: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/5.jpg)
The Balance SheetThe Balance Sheet
Liabilities
Current liabilities: Accounts payable Taxes payable
Long term liabilities: Mortgage payable Loan to bank
Stockholders’ Equity Common stock Paid in Capital Retained Earnings
Assets
Current Assets: Cash Accounts Receivable
Fixed Assets: Equipment Furniture & Fixtures Buildings Land
Other Assets: Security Deposits Loans to stockholders
![Page 6: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/6.jpg)
The Balance Sheet FormulaThe Balance Sheet Formula
Assets =
Liabilities +
Stockholders Equity
![Page 7: How To Read A Balance Sheet](https://reader033.fdocuments.net/reader033/viewer/2022061120/546c6889b4af9f702c8b5029/html5/thumbnails/7.jpg)
Gustavo A. Viera, CPAGustavo A. Viera, CPA