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Balance Sheet Basics: What We Have, What We Owe, What We Are Worth

Balance Sheet Basics: What We Have, What We Owe, What We Are Worth

Confused about balance sheets? Balance Sheet Basics refreshes key terminology. Additionally, learn how the balance sheet works with your income statement and how to report restricted funds on your balance sheet.

Although it is oriented to a non-profit company, the basics are the same for others.

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More about this material

Material Type:
Presentation
Date Added to MERLOT:
October 12, 2017
Date Modified in MERLOT:
May 20, 2020
Author:
Unknown (Know the author?)
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
High School, College General Ed, College Lower Division, College Upper Division
Technical Format:
Video, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
Unknown

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Comments

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Susan Moncada
Susan Moncada (Faculty)
8 years ago
While this presentation is nicely done, it is no longer entirely current, given the recent FASB changes to reporting net assets. The balance sheet and income statement illustrated are dated 2010.