SI Session Three: The Balance Sheet

Front

Amount of money that a company owes a supplier or a vendor

Back

Accounts Payable

Front

Amount of cash to be collected from customers for services/sales provided

Back

Accounts Receivable

Front

Expenses paid in advance

Back

Prepaid Expenses

Front

Assets you cannot touch (software, patents, logos, trademarks)

Back

Intangible Assets

Front

Capital that a company earns through operations

Back

Retained Earnings

Front

Based on their original transaction value

Back

Historical Cost

Front

Historical cost of an asset adjusted for the depreciation or amortization accumulated over its lifetime

Back

Amortized Cost

Front

Generated through external investors giving money to be a part of a company

Back

Common Stock

Front

Price that would be received to sell assets in an orderly transaction.

Back

Market Value

Front

Loan from the bank or financial institution (can be current or long-term)

Back

Notes Payable