Balance Sheet – Part 1

While the income statement is a tally of revenue and expenses over a period of time, a balance sheet is a snapshot of the current financial standing.

Below is a sample balance sheet.  It is part of a larger working financial model.

To keep it simple, the example includes basic line items including:

Current Assets
Account Receivable
Prepaid Expenses
Total Current Assets
Long Term Assets
Plant, Property & Equipment, Gross
Accumulated Depreciation
Plant, Property & Equipment, Net
Total Long Term Assets
Total Assets
Current Liabilities
Account Payable
Accrued Expenses
Total Current Liabilities
Long Term Liabilities
Long Term Debt
Total Long Term Liabilities
Total Liabilities
Shareholder’s Equity
Common Equity
Retained Earnings
Total Shareholder’s Equity