What goes on a balance sheet?
What goes under current assets
Any assets that can be liquidated quickly. Such as: Inventory Accounts Receivable Tax Receivable Other Receivables prepaid expenses Short0term investments Cash and cash equivalents
What titles the left side of the sheet?
Assets
What is the next sub-title?
Current Assets
What comes after Non-Current Liabilities
Current Liabilities
How do you title the sheet?
Name of company "balance sheets" As of (date published), in US$ thousands
What is the first subtitle of assets?
Non-current assets
What is first in Liabilities?
Non-current liabilities. This is basically debt for the future. This includes: -Provisions for pensions -Deferred tax liabilities These get added up to create a new line under called Total Non current Liabilities
What comes after the Total liabilities value?
Shareholders equity
What is included in Non-current assets
The date starts off at the top, with a line under it. -Any non current assets such as: Brands Customer relations Leasehold rights Capitalised expenditures Goodwill Building and land Equipment, Tools, figurers and fittings Long-term receivables Deferred tax receivables
What do all the things in Non-current assets add up to equal?
Total Non-current assets
What comes under current assets
Total assets, which i Non current assets+Current assets
What should be equal on a balance sheet?
Total liabilities and shareholder equity and Total assets should be perfectly equal, hence the name balance sheet.
What us the final thing on a balance sheet?
Under Total shareholders equity, is Total liabilities and shareholder equity
Where do we go after Total assets?
We move right, to a brand new heading -- Liabilities and shareholders equity
What is included under Current Liabilities
-Accounts payable -Tax Liabilities -Other liabilities -Accrued expenses and other deferred revenue These get added up to create a total liabilities indented value
What does shareholders equity include?
-share capital -reserves -retained earnings This gets added together to create an indented total of all the shareholder equity values