Презентация на тему "The balance sheet"

Содержание

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  THE BALANCE SHEET

  NIKITA STARODUBTSEV FM1-7 FINANCIAL UNIVERSIRY UNDER THE GOVERNMENT OF THE RUSSIAN FEDERATION MOSCOW

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  Plan

  1. Introduction 2. History 3. Types 4.Assets 5. Liabilities 6.Equity 7. Balance sheet substantiation

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  introduction

  In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership, a corporation or other business organization, such as an LLC or an LLP. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition”. Of the three basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year.

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  history

  Balance - the oldest type of aggregate data on financial and economic life of companies. Accurate data on the origin of the balance sheet is unknown. In the archives of the company Francesco Datini first time in history you can find documented application of the principle of double-entry recording of transactions in the accounts. In addition to his trading company in the first half of 1390-x was compiled by the first annual balance sheet, the prototype of the modern. The first theoretical information were obtained only in 1494, when he published the work of Luca Pacioli "Treatise on the accounts and records", which contained the first description not only balance, but also accounting in General.

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  types

  A balance sheet summarizes an organization or individual's assets, equity and liabilities at a specific point in time. Two forms of balance sheet exist. They are the report form and the account form. Individuals and small businesses tend to have simple balance sheets. Larger businesses tend to have more complex balance sheets, and these are presented in the organization's annual report. Large businesses also may prepare balance sheets for segments of their businesses. A balance sheet is often presented alongside one for a different point in time (typically the previous year) for comparison.

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  example

  This is the simplest representation of Balance Sheet information, and is prevalent in North America. It shows the assets (what you have in the business) and balances that amount against the total of liabilities and equity (which is where the assets came from). In other words, everything you have in the business comes from investing (Capital Stock), making money (Retained Earnings ), or borrowing from sources such as banks (Loans) and suppliers (Accounts Payable (A/P) )

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  10 Intangible assets   CHANGES IN INTANGIBLE ASSETS BETWEEN JANUARY 1 AND DECEMBER 31, 2006

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  Assets

  Current assets Cash and cash equivalents Accounts receivable Prepaid expenses for future services that will be used within a year Non-current assets (Fixed assets) Property, plant and equipment Investment property, such as real estate held for investment purposes Intangible assets Financial assets (excluding investments accounted for using the equity method, accounts receivables, and cash and cash equivalents) Investments accounted for using the equity method Biological assets, which are living plants or animals. Bearer biological assets are plants or animals which bear agricultural produce for harvest, such as apple trees grown to produce apples and sheep raised to produce wool.

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  Liabilities

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  Equity

  The net assets shown by the balance sheet equals the third part of the balance sheet, which is known as the shareholders' equity. It comprises: Issued capital and reserves attributable to equity holders of the parent company (controlling interest) Non-controlling interest in equity

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  Balance sheet substantiation

  Balance Sheet Substantiation is the accounting process conducted by businesses on a regular basis to confirm that the balances held in the primary accounting system of record (e.g. SAP, Oracle, other ERP system's General Ledger) are reconciled (in balance with) with the balance and transaction records held in the same or supporting sub-systems. Balance Sheet Substantiation includes multiple processes including reconciliation (at a transactional or at a balance level) of the account, a process of review of the reconciliation and any pertinent supporting documentation and a formal certification (sign-off) of the account in a predetermined form driven by corporate policy.

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  literature

  https://en.wikipedia.org/wiki/Balance_sheet http://www.investopedia.com/terms/e/equity.asp