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Learn about the balance sheet, a crucial financial statement that reveals a company's financial health. Discover its components and how it's used for analysis.

Balance sheets list and describe a business's economic resources and economic obligations at one specific point in time. For example, if a sole proprietor's balance sheet has Dec. 1, 2012, as its ...

If there is a balance for accounts payable on the balance sheet, the business owner should have a clear idea of where it’s from. Account Four: Inventory.

The ending balance of a cash-flow statement will always equal the cash amount shown on the company's balance sheet. Cash flow is, by definition, the change in a company's cash from one period to ...

When you try to understand the financial status of a business, you will need a little accounting knowledge. Most people don't have that knowledge.

Off-balance sheet is the classification of an asset or debt that does not appear on a company's balance sheet. ... a business can collect what is owed while outsourcing the risk of default.