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Deconstructing the Balance Sheet


Deconstructing the Balance Sheet

What are the five key elements of a balance sheet?
  • Current assets: Current assets are easily converted to cash and are often consumed. They include cash on hand, inventory, and cash in the bank.
  • Fixed assets: Fixed assets are assets the company plans on keeping long term. They include buildings, equipment, vehicles, and property.
  • Current liabilities: Current liabilities are debts owed during the current fiscal year. These include trade creditors and bank overdraft.
  • Long-term liabilities: Long-term liabilities are debts that do not need to be settled within the next fiscal year. They include loans and mortgages.
  • Shareholder's equity: Also referred as capital, shareholder's equity includes monies owed to investors and owners, as well as retained earnings.
Overview/Description
Balance sheets provide an overview of a business's financial standing. This impact explores the primary elements of a balance sheet.

Target Audience
Any individuals interested in gaining essential business finance knowledge.



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