Balance Sheet Formulas with Examples, Cheat Sheet of Financial Statement Analysis

Download Balance Sheet Formulas with Examples and more Cheat Sheet Financial Statement Analysis in PDF only on Docsity! The Balance Sheet (Also known as a “Statement of Financial Position”) Sources: https://nonprofitsassistancefund.docalytics.com/v/balance-sheet-cheat-sheet-2014 http://www.nonprofitfinancefund.org/sites/default/files/22-1_christopher_why-do-balance-sheets-matter1.pdf Definition: A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period. Overview: The balance sheet - also called the Statement of Financial Position - serves as a snapshot, providing the most comprehensive picture of an organization's financial situation. It reports on an organization's assets (what is owned) and liabilities (what is owed). The net assets (also called equity, capital, retained earnings, or fund balance) represent the sum of all annual surpluses or deficits. The balance sheet also indicates an organization's liquidity by communicating how much cash an organization has at present and what assets will soon be available in the form of cash. BALANCE SHEET EXAMPLE 1