Knowing what kinds of tests you may undergo and how those tests work can help reduce stress in a time when you may find yourself facing many new questions. Follow the links below to find out what you can expect as you work with your care team to keep your cardiovascular system as healthy as possible.
BALANCE SHEETS. The balance sheet, also known as the statement of financial position, is a snapshot of a company's financial condition at a single point in time. It presents a summary listing of a company's assets, liabilities, and owners' equity. The balance sheet is prepared as of the last day of the business year. Therefore, it corresponds to the end of the time period covered by the income statement. To understand the balance sheet, its purpose, and its contents, several accounting concepts need to be examined.
A balance sheet is a financial statement listing a company's assets, liabilities and owners' or shareholders' equity on a specific date. A balance sheet approach to an audit is a limited audit that only examines the accounts on a company's balance sheet. Balance Sheet Basics A balance sheet provides a synopsis of a company's financial position at a particular point in time, normally on the last day of an accounting period.