Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. As the name implies, a balance sheet should reveal ...

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Balance sheets consist of assets, liabilities, and shareholders' equity, revealing financial health. Shareholders' equity equals assets minus liabilities and reflects theoretical investor value if a ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

Tim Bennett explains what a balance sheet is for, including the type of information it contains, and how you can use it. See all of Tim's video tutorials here. Don't miss the latest investment and ...