BALANCE SHEET

PRESENTED BY: ANGELICA REY SANTOS

PRESENTED TO: HAROLD PEREZ

UNIVERSIDAD DE LOS LLANOS

VILLAVICENCIO
2019
 OBJECTIVES

GENERAL OBJECTIVE
 Analyze the content of the balance sheet

SPECIFIC OBJECTIVES

 Show the structure of the balance sheet

 Say the importance of this one

 JUSTIFICATION

The following work is about the balance sheet (its structure and its importance) and
through important definitions helps us to understand better, so that all people can
make a balance without errors
 SCRIPT
What is the balance sheet?

It is the document in which the financial position of the Company is described in a

specific time.
Must be done at least once a year to know the status of your accounts.
The balance sheet equation is formulated as follows:

Liabilities
Assets
Equity

Assets = Liabilities + Equity

In order to be able to demonstrate in terms of monetary units the relation of financial

equality in the balance equation, it is necessary before knowing concepts of the
components of the previous equation.

Assets: It is all that belongs to the company.

They are divided into current assets and non- current assets.

Current assets: Are those that can be converted into cash in a maximum period of
one year.

Example: cash, banks, accounts receivable, inventories.

Cash and banks: Represents the cash of the company.

Accounts receivable: Are the product of credit sales.

Inventories: Represent the stocks that the company has in its warehouse
Non-current assets: Are those that can be converted into cash in a term greater
than one year.
Example: land, buildings, machinery, equipment.

Liabilities: Are the obligations that the company has. They are divided into current
liabilities and non-current liabilities.

Current liability: Are those debts that should be honored in the short term.

Non-current liability: Are those debts that must be honored in the long term (more
than a year).
Equity: They are the obligations that the company has with shareholders.
Example: Capital and accumulated profits.

Capital: Represents the initial investment for the constitution of the company.

Accumulated profits: Are the profits that the company is taking in time which are
accumulating

How can we make the balance of the company?

It is done in the excel program and you must write down all the company's economic
operations and classify them in their respective accounts.
The values are added and in the end the total of the asset must be equal to the total
of the liabilities plus the total of the equity
Below we can see the example of how the balance sheet should look:

It is very important to write the year when it was made.

In the balance it can be seen that the total of the asset is 8,374 and the sum of the
total liability with the total equity is 8,374, the values are equal, it was perfect
 CIBERGRAPHY

 https://blog.corponet.com.mx/que-es-el-balance-general-y-cuales-son-sus-
objetivos

 https://www.emprendepyme.net/balance-general.html

 http://contabilidad.uprrp.edu/wp-
content/uploads/2014/11/Traduccion_de_terminos_de_contabilidad-
Revisado1.pdf

 https://www.solocontabilidad.com/contenido/ecuacion-de-balance
 TECNICAL VOCABULARY

Accounts Payable: Cuentas por Pagar

Accounts Receivable: Cuentas por Cobrar
Accumulated profits: Beneficios acumulados

Assets: Activos
Bonds Payable: Bonos por Pagar
Buildings: Edificios
Cash: Efectivo
Current Assets: Activos Corrientes
Current liability: Pasivo corriente
Equipment: Equipo
Equity: Patrimonio
Inventory: Inventario
Land: Terreno
Liabilities: Pasivo, o Deuda, u Obligaciones
Non- current assets: Activos no Corrientes
Non-current liability: Pasivo no corriente
Retained Earnings: Ganancias Retenidas