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Balance sheet december - PowerPoint PPT Presentation

Balance Sheet and Financial Disclosures

Balance Sheet and Financial Disclosures. Objectives of the Chapter. 1. Identify the major classifications of the balance sheet. 2. Prepare a classified balance sheet statement. 3. Discuss the disclosures to financial statements. Objectives of the Chapter (contd.).

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879 views • 59 slides

Introduction to the Balance Sheet

Introduction to the Balance Sheet. What is Net Worth?. The Accounting Equation. The foundation of the balance sheet is included in the following equation Here it is: A = L + OE Also known as Assets = Liabilities + Owners Equity. The Accounting Equation. Reviewing that terminology

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Chapter 20.2 Preparing Financial Statements

Chapter 20.2 Preparing Financial Statements . Business Management Mrs. Deady. Objectives. Describe the items of information included on each financial statement Identify ongoing accounting activities Explain how technology helps business owners with all the accounting functions.

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Balance sheet december - PowerPoint PPT Presentation

Balance Sheet and Financial Disclosures

Introduction to the Balance Sheet

Chapter 20.2 Preparing Financial Statements