Balance Sheet

Business strategy definition. A condensed statement that shows the financial position of an entity on a specified date (usually the last day of an accounting period).Among other items of information, a balance sheet states (1) what assets the entity owns, (2) how it paid for them, (3) what it owes (its liabilities), and (4) what is the amount left after satisfying the liabilities. Balance sheet data is based on a fundamental accounting equation (assets = liabilities + owners' equity), and is classified under subheadings such as current assets, fixed assets, current liabilities, Long-term Liabilities. With income statement and cash flow statement, it comprises the set of documents indispensable in running a business. An audited balance sheet is often demanded by investors, lenders, suppliers, and taxation authorities; and is usually required by law. To be considered valid, a balance sheet must give a true and fair view of an organization's state of affairs, and must follow the provisions of GAAP in its preparation. Also called statement of condition, statement of financial condition, or statement of financial position.

Related Terms Found in Our Dictionary:

Library of Business Frameworks

LearnPPT Search Terms Cloud
No similar words found in our Search Cloud.

RELATED BUSINESS DOCUMENTS

$59 $49 Pricing Strategy Toolkit (with Excel Model) ^ Browse all 40 slides	$29 Porter's Five Forces ^ Browse all 28 slides	$59 $49 Growth Strategy Toolkit ^ Browse all 31 slides
$20 PEST Analysis ^ Browse all 13 slides	$59 $45 Business Case Development Toolkit (with Excel model) ^ Browse all 34 slides	$20 SWOT Analysis ^ Browse all 12 slides
$59 $49 Strategy Development Toolkit ^ Browse all 37 slides	$39 Scenario Planning ^ Browse all 25 slides	$39 IT Strategy Toolkit ^ Browse all 32 slides
$29 $25 BCG Growth-Share Matrix ^ Browse all 11 slides	$39 Strategic Sourcing ^ Browse all 17 slides	$29 Value Chain Analysis ^ Browse all 18 slides

QUICK NAV		POWERPOINT DIAGRAMS General Diagrams Regional Diagrams MiniPacks and Icons View All	BUSINESS FRAMEWORKS Individual Frameworks Full Business Toolkits Business Strategy Operational Excellence View All	EDUCATION / LEARNING Business Presentation Guide PowerPoint Tutorials (free)	OTHER PAGES MBA Student Resources Financial Models PowerPoint Templates (free) Search Terms Cloud
		ABOUT OUR COMPANY Founded in 2010, learnppt offers the Powerpointing tools you need to create professional and effective business presentations. Our products range from ready-to-use PowerPoint Diagrams to consulting-quality Business Strategy Frameworks and have been used by Fortune 500 companies, top MBA programs, and leading management consultancies. Please do not hesitate to reach out to us using any of the methods listed to the right. © Copyright 2024. learnppt.com			Got a question? → Use this form to the left to shoot us an email. Join our newsletter Read our blog Follow us @ twitter Become a partner About us