The Virtual CFO
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Balance Sheet – Owners Equity
on Oct 30, 2009The Owner’s Equity (sometimes called Shareholder’s Equity) represents the assets of the company that the owners and/or shareholders own. You calculate the owner’s equity by subtracting your company’s total liabilities from all of the assets (...
Balance Sheet – Long-Term Liabilities
on Oct 22, 2009The long-term liabilities section of the balance sheet shows the obligations your company has that will take longer than a year to pay. As I stated in my previous post, the short-term portion (due in less than a year) of...
Balance Sheet – Current Liabilities
on Oct 16, 2009The current liabilities section of the balance sheet shows the obligations that your business will be paying in a year or less. As with the current assets section of the balance sheet, the current liability categories are listed in order...
Balance Sheet – Long-Term Assets
on Sep 11, 2009Long-term assets, sometimes called long-term investments, are assets that you plan to hold for a year or more. Long-term assets are generally broken down into 4 categories: Securities – include stocks, bonds, and long-term notes receivable. Fixed A...
Balance Sheet – Long-Term Assets
on Sep 11, 2009Long-term assets, sometimes called long-term investments, are assets that you plan to hold for a year or more. Long-term assets are generally broken down into 4 categories: Securities – include stocks, bonds, and long-term notes receivable. Fixed A...
Current Asset Section of the Balance Sheet
on Sep 4, 2009The current assets section of the balance sheet reports the assets your company has that will be converted into cash in a year. On the balance sheet, the current assets are generally listed in order of liquidity, which is how...
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