This article describes my family's assets and liabilities which are two major components of every Balance Sheet. Here are is my family's Balance Sheet.
Posts tagged as “Balance Sheet”
Secondary market research, or desk research, collects second-hand data and information that already exists as these were gathered by others.
While stakeholders in a business organization have a use for the published Final Accounts, different stakeholder groups have unequal access to information.
Each stakeholder group will want to know different information about a business, therefore will analyze Final Accounts differently.
Different types of ratios are used to analyze information from Profit and Loss Account (P&L Account) and Balance Sheet to judge financial performance.
Ratio Analysis is a quantitative management tool used for analyzing the financial performance of a business organization.
Depreciation is a decrease in the value of Fixed Assets. Some assets such as Equipment (machinery) and Vehicles tend to fall in value over time.
Inventories are unsold ready goods, might also be in the form of raw materials and components, or some are in the process as work in progress.
It is difficult to measure the exact value of intellectual property that is expressed in Balance Sheet in the form of Intangible Assets.
Copyrights give the original creator of the website the exclusive rights to own and distribute the copy of creative works.
Intellectual Property is human capital, know-how and industry knowledge. It is somewhat expressed on Balance Sheet in the form of Intangible Assets.
Balance Sheet is a statement of the estimated value of the company. The information can be used in a number of ways.
Businesses usually have two types of spending such as Revenue Expenditure and Capital Expenditure. Here is how to correctly record these two types of spending.
Final Accounts are records of all financial transactions of the business. At the end of each accounting period accountants draw up the Final Accounts.