SI Session Three: The Balance Sheet

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

• Accounts Payable

• Accrued Expenses

• Accounts Receivable

• Deferred Revenue

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

• Inventories

• Accounts Payable

• Accounts Receivable

• Prepaid Expenses

Expenses paid in advance

• Accounts Receivable

• Prepaid Expenses

• Deferred Revenue

• Cash

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

• Inventories

• Intangible Assets

• PPE

• Supplies

Capital that a company earns through operations

• Common Stock

• Accumulated Other Comprehensive Loss

• Additional Paid-in Capital

• Retained Earnings

Based on their original transaction value

• Historical Cost

• Market Value

• Amortized Cost

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

• Historical Cost

• Amortized Cost

• Market Value

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

• Additional Paid-in Capital

• Common Stock

• Retained Earnings

• Accumulated Other Comprehensive Loss

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

• Market Value

• Historical Cost

• Amortized Cost

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

• Notes Payable

• Bonds Payable

• Accounts Receivable

• Current Lease Liability