Unit IV: Balance Sheet | BCA 2nd Semester Financial Accounting I Notes Pdf

The balance sheet is one of the three basic financial statements, and it is essential for financial modeling and accounting. The balance sheet shows the overall assets of the organization as well as how those assets are financed, whether through debt or stock. A statement of net worth or a statement of financial status are other terms for the same thing. The fundamental equation that the balance sheet is founded on is Assets = Liabilities + Equity.

As a result, the balance sheet is split into two parts (or sections). The balance sheet's left side lists all of a company's assets. The balance sheet shows the company's obligations and shareholders' equity on the right side.

In this “Balance Sheet – Financial Accounting I” you will learn about the following topics:

1. Concepts of Balance Sheet
2. Balance Sheet Example
3. Major Components of Balance Sheet
4. Current Assets
5. Cash and Equivalents, Accounts Receivable, Inventory
6. Non-Current Assets
7. Plant, Property, and Equipment (PP&E), Intangible Assets
8. Current Liabilities
9. Accounts Payable, Current Debt/Notes Payable, Current Portion of Long-Term Debt
10. Non-Current Liabilities
11. Bonds Payable, Long-Term Debt
12. Shareholders’ Equity
13. Share Capital, Retained Earnings
14. Why Is a Balance Sheet Important?
15. What Is Included in the Balance Sheet?
16. Who Prepares the Balance Sheet?
17. Limitations of Balance Sheets
18. How is the Balance Sheet used in Financial Modeling?
19. Importance of the Balance Sheet
20. Liquidity, Leverage, Efficiency, Rates of Return
21. How to Prepare a Basic Balance Sheet?
22. Determine the Reporting Date and Period, Identify Your Assets, Identify Your Liabilities, Calculate Shareholders’ Equity, Add Total Liabilities to Total Shareholders’ Equity and Compare to Assets

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BCA 2nd Semester Financial Accounting I Notes Pdf:

• Unit I: Introduction of Financial Accounting
• Unit II: Recording, Handling, and Summarizing the Accounting Information
• Unit III: Income Statement in Financial Accounting
• Unit V: Accounting Worksheet in Financial Accounting
• Unit VI: Statements of Cash Flow in Financial Accounting
• Unit VII: Concepts of Annual Report in Financial Accounting
• Unit VIII: Accounting Information System and the Use of Computers in Accounting