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balance sheet Definition

balance sheet

noun

a statement summarizing the financial status of an individual or a business by showing assets, liabilities, etc. at a given date

balance sheet Synonyms

balance sheet

n.

annual report, budget, liability and asset sheet; see statement 3.

balance sheet Finance Definition
A financial statement that shows a company’s level of assets, liabilities, and shareholders’ equity. In the accounting system used in the U.S., the assets listed on a company’s balance sheet equal both the liabilities and shareholders’ equity of the company.
balance sheet Law Definition

n

A financial statement that indicates the value of an entity’s current fiscal situation as of a specific date, consisting of a summary of the value of assets and a summary of the value of its liabilities and the owners’ equity.
balance sheet Usage Examples

Possessives

  • company: Removing and Avoiding Excess and Obsolete Inventory Excess and obsolete inventory is a constant problem for many companies ' balance sheets.
  • government: And in fact almost 60 % of the investment under signed PFI contracts in the UK will score on the Government's balance sheet.

Converse of object

  • prepare: Miss 'E ' carried out a due diligence exercise on the assets of the business and prepared an initial draft balance sheet.
  • have: Have a projected opening balance sheet following the start of the business.
  • analyze: It is important to analyze a balance sheet, but employers want people who can prepare a set of accounts too.

Adjective modifier

  • external: The United Kingdom's external balance sheet currently records assets and liabilities of more than £ 3.5 trillion.
  • off: Yes, subject to confirmation by your auditors, you have the option to classify your lease as ' off balance sheet ' .
  • own: Funding Some firms or consortia fund projects on their own balance sheet.
  • projected: Have a projected opening balance sheet following the start of the business.

Modifies a noun

  • reconciliation: You will be involved with a variety of tasks including balance sheet reconciliations, fixed assets and variance analysis.
  • value: I have concluded that the balance sheet values for these stock and fixed assets held by industry are essentially complete and correct.
  • information: Balance Sheet information providing details of a businesses assets and liabilities, as well as the liquidity of the business.
  • report: Providing comprehensive account maintenance in home or foreign currencies right through to trial balance, profit and loss and balance sheet reports.
  • component: This article examines recent trends within the balance sheet components with reference to the associated financial flows and income.
  • forecast: The balance sheet forecast should also show how your assets are financed - equity, loans and current liabilities such as creditors.

Noun used with modifier

  • opening: Have a projected opening balance sheet following the start of the business.
  • company: These opinions have been based primarily on detailed examination and interpretation of company balance sheets, profit and loss accounts, and payment performance.
  • draft: Miss 'E ' carried out a due diligence exercise on the assets of the business and prepared an initial draft balance sheet.