Posted on September 21, 2019
Cash Flows, Financial Statements, & Taxes
Now we get to talk about the Balance sheet and the Income Statement.
This is the standard outline of accounting that plays a huge role within Finance.
What is The Balance Sheet?
The Balance Sheet is a current look at the firm’s assets and liabilities.
For Accounting the Balance Sheet Identity is labeled as:
Assets = Liabilities + Equity
When it comes to finance the Balance Sheet Identity becomes:
Assets = Debt + Equity
Next Topic: TBD