Sunday, October 30, 2011

Components of Balance Sheet - breakdown - simple, and parts, and equations

Components of Balance Sheet - breakdown - simple, and parts, and equations
http://accountinginfo.com/study/fs/fs-bs-101.htm
Link

Components of Balance Sheet

Total Assets = Total Liabilities + Total Stockholders' Equity
--> Accounting Equation

Total Assets
= Current Assets + Investments + Property, Plant and Equipment
+ Intangible Assets + Other Non-Current Assets
Total Liabilities
= Current Liabilities + Long-Term Liabilities
Total Stockholders' Equity
= Contributed Capital + Retained Earnings - Treasury Stock
= Common Stock + Preferred Stock + Additional Paid-in Capital
+ Retained Earnings - Treasury Stock
Ending Retained Earnings
= Beginning Retained Earnings + Net Income - Dividends Declared
Assets, Liabilities and Stockholders' Equity

Examples of Asset Accounts
Examples of Liability Accounts
Examples of Stockholders' Equity Accounts

Components of Financial Statements

Simplified Examples of Balance Sheet