The Balance Sheet Explained
Prepare balance sheets that clearly communicate an organization’s financial position. This course explains the alternative presentation formats available and analyzes the proper content and description of each line item. You will examine real-world balance sheets from publicly held companies to see how presentation choices affect clarity and emphasis. By understanding these variations, you can structure statements that deliver more meaningful financial information to investors, creditors, and other stakeholders.
Format
PDF Course
Course Lists
Duration
2 Hours
Course Information
Author: Steven Bragg
Course Number: AC1115
Table of Contents
Chapter 1. Overview of the Balance Sheet
Chapter 2. Asset Line Items on the Balance Sheet
Chapter 3. Liability Line Items on the Balance Sheet
Chapter 4. Equity Line Items on the Balance Sheet
Chapter 5. The Statement of Retained Earnings
Chapter 6. Balance Sheet Ratio Analysis
Learning Objectives
- Identify which assets are usually classified as current or long-term on the balance sheet.
- Specify which liabilities are usually classified a current or long-term on the balance sheet.
- Recognize the steps required to manually construct a balance sheet.
- Specify the types of assets that can be classified into each of the major asset categories.
- Recognize the different types of liabilities that may appear on the balance sheet.
- Cite the decision points related to how a loan should be classified if the lender can call the loan.
- Describe the proper presentation of each equity line item on the balance sheet.
- Describe the structure of the statement of retained earnings.
- Specify the instances in which different balance sheet ratios may apply to a business.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: January 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
