Balance Sheet (Byte Size)

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You are probably familiar with the accounting term 'balance sheet'. However, relatively few of you will probably really understand what a balance sheet really is or what it purports to show. In this course we shall see that the balance sheet aims to provide a statement of financial position by setting out the resources of the business, on the one hand, and the claims against those resources, on the other. The information contained within the balance sheet can be presented in various forms and in this course we shall consider the main forms of presentation. In drawing up a balance sheet, we employ a number of accounting rules or conventions. We consider these in some detail and discuss their limitations.
By the end of this course, you should be able to:

explain the nature and purpose of a balance sheet
define the terms asset, liability and capital
explain the typical form and content of a balance sheet
discuss the major conventions that underpin the balance sheet
explain why a balance sheet on its own does not provide an adequate record of events

Delivery:
  • Online
Category:

Further Details

Introduction


Objectives


Section 1: Nature and Purpose Of A Balance Sheet


1.1 The Nature of Assets


1.2 The Nature of Claims


1.3 The Relationship Between Assets Liabilities and Capital


1.4 Other Important Conventions


Section 2: Capital Revenue and Expenses


2.1 The Effect of Transactions On Capital


2.2 The Link Between the Profit and Loss Account and the Balance Sheet.


Section 3: The Presentation of the Balance Sheet


3.1 Classification of Assets and Liabilities


3.2 Balance Sheet Formats.


3.3 Miscellaneous Points On The Balance Sheet


Review Activity


Recommended Reading


Tutor-marked Question Paper






Qualifications





Qualification 1: Balance Sheet (Byte Size) Certificate

Balance Sheet (Byte Size) Certificate issued by Stonebridge Associated Colleges, entitling you to use the letters SAC Cert after your name.







Study Options





This course is an online course. With online study you have access to your entire course from the start of your studies. You can access your course materials, and submit all of your question papers to your personal tutor, online from anywhere in the World using your unique student account.

If you do not have Internet access, or would prefer to study this course via the traditional paper/postal based study method, you can find more information on the course by clicking on the link below.










Fees





 

Guide Price: £50.00