|Balance sheet identity|
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Definition of Balance sheet identity
Balance sheet identity
Total Assets = Total Liabilities + Total Stockholders' Equity
A statistical compilation formulated by a sovereign nation of all economic transactions
Net flow of goods (exports minus imports) between countries.
Also called the statement of financial condition, it is a summary of the assets, liabilities, and
An investment company that invests in stocks and bonds. The same as a balanced mutual fund.
This is a fund that buys common stock, preferred stock and bonds. The same as a
In a balance of payments, the basic balance is the net balance of the combination of the current
An excess balance that is left in a bank to provide indirect compensation for loans
Method of accelerated depreciation.
Beginning cash balance plus cash receipts minus cash disbursements.
Financing that is not shown as a liability in a company's balance sheet.
The percentage of a month's sales that remain uncollected (and part of
The amount of principal dollars remaining to be paid under the mortgage as of
A computer program that organizes numerical data into rows and columns on a terminal screen,
Optimal amount of cash for a firm to hold, considering the trade-off between the
Zero-balance account (ZBA)
A checking account in which zero balance is maintained by transfers of funds
A “snapshot” statement that freezes a company on a particular day, like the last day of the year, and shows the balances in its asset, liability, and stockholders’ equity accounts. It’s governed by the formula:
An accelerated depreciation method that calculates depreciation each year by applying a fixed rate to the asset’s book (cost–accumulated depreciation) value. Depreciation stops when the asset’s book value reaches its salvage value.
A system of non-financial performance measurement that links innovation, customer and process measures to financial performance.
A financial statement showing the financial position of a business – its assets, liabilities and
One of the basic financial statements; it lists the assets, liabilities, and equity accounts of the company. The balance sheet is prepared using the balances at the end of a specific day.
A method of depreciation.
A listing of all the accounts and their balances on a specified day.
A term often used instead of the more formal and correct
balanced scorecard (BSC)
an approach to performance
employee time sheet
a source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time
job order cost sheet
a source document that provides virtually
A report that summarizes all assets, liabilities, and equity for a company
Financial statement that shows the value of the
common-size balance sheet
balance sheet that presents items as a percentage of total assets.
market-value balance sheet
Financial statement that uses the market value of all assets and liabilities.
Regional bank account to which just enough funds are transferred daily to pay each day’s bills.
Balance of Merchandise Trade
The difference between exports and imports of goods.
Balance of Payments
The difference between the demand for and supply of a country's currency on the foreign exchange market.
Balance of Payments Accounts
A statement of a country's transactions with other countries.
Balance of Trade
See balance of merchandise trade.
The multiplier associated with a change in government spending financed by an equal change in taxes.
The quantity of inventory currently in stock, based on inventory
Projected available balance
The future planned balance of an inventory item,
A financial report showing the status of a company's assets, liabilities, and owners' equity on a given date.
A list of the major points of the proposed financing being offered by an investor.
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