Balance Sheets

Chapter Map: Balance Sheets

Chapter: Introduction

Outsider Perspective: What Do I See?

  • Things to look for on all financial statements
  • Top-down perspective of balance sheets

Insider Perspective:  What’s Behind the Numbers?

  • Framing record keeping and reporting
  • Recording entries using the balance-sheet equation
  • Recording entries using journal entries
  • Accounting judgment: Basics

Outsider Perspective: How Do I Use the Numbers?

  • Analyzing financial condition: Basics
  • Connecting preparers' and users' decisions
  • Factors driving dispersion of measures