Balance Sheet
The Balance Sheet shows the financial condition of a business at a specific point of time categorizing financial sheet of the firm under two major heads “Equity & Liabilities” and “Assets”
The balance sheet is based on the fundamental equation:
Assets = Liabilities + Equity
The balance sheet is one of the major fundamental financial statements used to serve various purposes of financial analysis, accounting and financial modelling
Equity & Liabilities represents what the firm owes, the burden or debt
The format prescribed in the Companies Act classifies Equity and Liabilities as follows: Shareholders’ Fund, Non-current Liabilities & Current Liabilities
Equity is a degree of ownership in any asset after deducting all the debts associated with that asset
It represents the shareholders’ stake/ownership in the company
Liabilities are defined as a company's financial debts or obligations that arise during the course of business operations
Shareholders’ fund represents the contribution made by shareholders in the form of financing for the business
Non-current liabilities are liabilities which are expected to be settled in longer period of time usually after one year
These include long-term borrowings , deferred tax liabilities, long-term provisions and other long-term liabilities
Current Liabilities are liabilities which are due to be settled within a year
These include short-term borrowings , trade payables and short-term provisions
An asset is any resource owned by the business either tangible or intangible that produce value and is held by a company to for longer period of time to reap positive economic value for the business.
As per Companies act , under balance sheet asset is categorized under two main headings :- Current assets and Non- current assets.
Current asset is any asset which can reasonably be expected to get sold, consumed, or exhausted through the normal course of a business within the current fiscal year or operating cycle usually within one year
Current assets include current investments, inventories, trade receivables, cash& cash equivalents, short-term loans & advances
Non-current assets are company’s long-term investments usually in the form of investments made in property (land & building), plant and equipment, machinery, intangible assets like patents, copyright, trademark, goodwill etc.
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UNIT - I: INTRODUCTION TO ACCOUNTING: Meaning – Definition – Scope - Objectives
of Accounting - GAAP - Accounting Concepts and conventions - Management Accounting Vs.
Cost Accounting vs. Financial Accounting -Importance of Management Accounting.
Definition of accounting, what is accounting cycle? And how to record business transactions, it consist on various series which started from journal entries, ledger, and trial balance. key terms of accounting. The Accounting Rules of debit and credit, Debit money, assets and liabilities, Bad Debits, Balance Sheet, Double-entry, bad debts, inventory, Expenses, depreciation , Accumulated Depreciation , types of ledger account, categories of general ledger account, Assets and Liabilities, Owners’ Equity, Revenue Expansion of the Basic Equation and Expense, and examples.
SAP FICO - +919000444287 by 21st Century Software SolutionsVasudha India
The 21st Century Software Solutions of India offers one of the Largest conglomerations of Software Training, IT Support, Corporate Training institute in India - +919000444287 - +917386622889 - Visakhapatnam,Hyderabad
Balance Sheet
The Balance Sheet shows the financial condition of a business at a specific point of time categorizing financial sheet of the firm under two major heads “Equity & Liabilities” and “Assets”
The balance sheet is based on the fundamental equation:
Assets = Liabilities + Equity
The balance sheet is one of the major fundamental financial statements used to serve various purposes of financial analysis, accounting and financial modelling
Equity & Liabilities represents what the firm owes, the burden or debt
The format prescribed in the Companies Act classifies Equity and Liabilities as follows: Shareholders’ Fund, Non-current Liabilities & Current Liabilities
Equity is a degree of ownership in any asset after deducting all the debts associated with that asset
It represents the shareholders’ stake/ownership in the company
Liabilities are defined as a company's financial debts or obligations that arise during the course of business operations
Shareholders’ fund represents the contribution made by shareholders in the form of financing for the business
Non-current liabilities are liabilities which are expected to be settled in longer period of time usually after one year
These include long-term borrowings , deferred tax liabilities, long-term provisions and other long-term liabilities
Current Liabilities are liabilities which are due to be settled within a year
These include short-term borrowings , trade payables and short-term provisions
An asset is any resource owned by the business either tangible or intangible that produce value and is held by a company to for longer period of time to reap positive economic value for the business.
As per Companies act , under balance sheet asset is categorized under two main headings :- Current assets and Non- current assets.
Current asset is any asset which can reasonably be expected to get sold, consumed, or exhausted through the normal course of a business within the current fiscal year or operating cycle usually within one year
Current assets include current investments, inventories, trade receivables, cash& cash equivalents, short-term loans & advances
Non-current assets are company’s long-term investments usually in the form of investments made in property (land & building), plant and equipment, machinery, intangible assets like patents, copyright, trademark, goodwill etc.
Thank You For Watching
Subscribe to DevTech Finance
UNIT - I: INTRODUCTION TO ACCOUNTING: Meaning – Definition – Scope - Objectives
of Accounting - GAAP - Accounting Concepts and conventions - Management Accounting Vs.
Cost Accounting vs. Financial Accounting -Importance of Management Accounting.
Definition of accounting, what is accounting cycle? And how to record business transactions, it consist on various series which started from journal entries, ledger, and trial balance. key terms of accounting. The Accounting Rules of debit and credit, Debit money, assets and liabilities, Bad Debits, Balance Sheet, Double-entry, bad debts, inventory, Expenses, depreciation , Accumulated Depreciation , types of ledger account, categories of general ledger account, Assets and Liabilities, Owners’ Equity, Revenue Expansion of the Basic Equation and Expense, and examples.
SAP FICO - +919000444287 by 21st Century Software SolutionsVasudha India
The 21st Century Software Solutions of India offers one of the Largest conglomerations of Software Training, IT Support, Corporate Training institute in India - +919000444287 - +917386622889 - Visakhapatnam,Hyderabad
Educational Information Management System (EIMS)Chetan Hireholi
A suite of Integrated Applications that can help in the overall management of an Education Institute, in other words an
ERP (Enterprise Resource Planning) designed for of an education institute.
Resource Mobilization is a management approach that enables Organizations, its Leaders, Stakeholders and People to develop sustainable relationships and continuous support from its partners. The Resource Mobilization and Proposal Writing Workshop framework provides a ladderized approach to establishing a common knowledge on the Subject Area and start awareness for needed skills in people management and project development.
Though this approach still proves to be very useful and outcomes-based, it is still important that participants develop a transformative understanding of the nature of Resource Mobilization, its importance and continuing mindset to promote and nurture relationships among their People, Organizations and Providers. This transformative trend will allow the trainees to exhibit a sense of realization and apply such principles as they handle their daily operations.
Despite how others may define it, Resource Mobilization is still a continuing process that involves identifying people and building relationships with those who share the same values, insights, and advocacies of Organizations. It should be a mindset, built to establish goodwill among its members and parties, who view Resources beyond just raising funds. Its values thrive on building and managing relationships and nurturing them for maximum advantages.
Financial Management Training 10.20.2010GlobalGiving
Tips & Tools for NGO Financial Management presented by Denise Phelps, Treasurer for Maryland School for the Deaf and Civitan Club, on October 20, 2010.
Jimmy Gentry presents "Financial Statements I" during the annual 2012 Reynolds Business Journalism Seminars, hosted by the Donald W. Reynolds National Center for Business Journalism. For more information about free training for business journalists, please visit businessjournalism.org.
Increasing NUS Libraries' Visibility in the Virtual World - UpdatedKC Tan
Presented at the 3rd iGroup Conference, "The Role of the Library in the Virtual and Collaborative World", 18-20 Oct 2007, held at Hunan University in Changsha, China
Library Catalogues: from Traditional to Next-GenerationKC Tan
Presented at Lecture on 13 Sep 2007 for CS3255 Information Organization for 3rd Year IS students of the School of Computing, National University of Singapore
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.