Balance sheet is one of the 3 major financial statements. It shows what the company owns and what it owes. We’ll start by learning about the purpose and accounting principles behind the balance sheet, how it’s organized, the common items that appear for most public companies, and then tie the balance sheet to our corporate valuation framework. This course will also set the stage for our upcoming course on Integrated Financial Statements, where we will learn how the 3 financial statements are interconnected with one another.
- How balance sheet is organized
- Accounting principles and logic flow
- Common items and what they mean