Balance sheets

IB Business Management: Balance sheets

The balance sheet is an essential set of final accounts that shows the value of a firm’s assets, liabilities and the owners’ investment (or equity) in the business at a particular point in time. Hence, the balance sheet is often referred to as a “snapshot” of a firm’s financial position. The reporting date of the balance sheet for an organization is the same each year.Essentially, it shows two important things:

To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.