BALANCE SHEET

The overall balance is defined as the state financial where indicates, that it should, what should and what truly belongs to the owner of the company at any given time. Is the financial statement after all it is important to review the financial situation of a company, and finally to reflect this state, the balance sheet shows the assets accounting (which owns the organization) , the liabilities (debts) and the difference between them ( equity ). The balance sheet is a statement of financial position and includes classified information and grouped into three large groups: assets, liabilities and capital. In turn each of these groups show in detail the various accounts. The information requested accounts or items of greater liquidity less liquidity. In regard to the preparation of the balance sheet is carried out every year at the end of the financial year of the company (bottom line) , but it is all too often the development of balances at the beginning of the year ( initial balance ) , e.g. , balances on a monthly, quarterly or half yearly (partial balances ). The analysis of the income statement of a company allows investors to take a look at the corporate operations. For example, investors can see if the decisions of the address are bold enough to ensure the sustained benefits in the short and long-term, because any company needs to know their results and translating them into an accounting document that determine this process. The classified balance sheet is nothing more than a balance that discriminates against non-current assets, as well as liabilities, is composed of three elements: assets, liabilities, and equity. Assets are divided into two groups: current assets and current assets. It is known as the active assets that can be converted into cash within a period not exceeding one year. Any asset that can make or sold in a period of one year effective decision is considered current assets. Like assets, liabilities are classified according to the level of implementation, so that these liabilities are due in less than one year are considered current liabilities or current liabilities and liabilities that are payable in installments only one year, are considered non-current liabilities and long term liabilities. The property corresponds to the contributions of the partners and the profits generated by the company, the services that can take the figure of reserves or retained earnings, also part of the valuations of equity capital and surplus. A basic outline of what the elements of the balance sheet would be: ACTIVE TOTAL ASSET LIABILITIES TOTAL LIABILITIES - Current assets -Short-term debt or short-term HERITAGE - Non-current assets

A balance sheet indicates the business assets, equity and liabilities, in contrast to a balance sheet, an account of results helps investors to calculate the net income of the companies, which is equivalent to total revenues minus total costs. Although the income statements and balance sheets are concepts totally contrary, investors however do not absolve when it comes to analysing the corporate data. They debited and credited the financial accounts, which are the components of the balance sheet and income statement. Accounting managers used similar programs to automate the financial information. This includes document management software, financial applications for review, the financial accounting software, analysis and reporting, also called FAARS, software and management of accounts receivable and payable, furthermore, both states would help financial firms lift the veil on the profitability of the companies and solvency.