Financial Statements

Accounting Study Guide

U.S. GAAP

IFRS, IAS

Accounting Topics

An Example of Detailed Balance Sheet

Financial Statements Overview

Sample Technology Corporation
Balance Sheet
December 31, 2011

Assets
Current Assets
Cash
Marketable Securities
Accounts and Notes Receivable
Less: Allowance for Doubtful Accounts
Inventories
Other Current Assets
Total Current Assets
Investments
Long-Term Investments in Bonds
Property, Plant, and Equipment
Land
Buildings
Less: Accumulated Depreciation
Equipment
Less: Accumulated Depreciation
Total Property, Plant, and Equipment
Intangible Assets
Other Noncurrent Assets
Total Assets

Liabilities and Stockholders' Equity
Current Liabilities
Notes Payable
Accounts Payable
Income Taxes Payable
Accrued Expenses
Current Portion of Long-Term Debt
Total Current Liabilities
Long-Term Liabilities
Long-Term Notes Payable
Long-Term Borrowings
Bonds Payable
Deferred Income Tax Liabilities
Total Long-Term Liabilities
Total Liabilities

Contributed Capital
Preferred Stock, $5 par value (authorized 10,000 shares, issued and outstanding 7,000 shares)
Common Stock, $2 par value (authorized 2,000,000 shares, issued 1,200,000 shares, outstanding 1,150,000 shares)
Additional Paid-in Capital
Total Contributed Capital
Retained Earnings
Total Contributed Capital and Retained Earnings
Less: Treasury Stock, at cost (50,000 shares)
Total Stockholders' Equity

Total Liabilities and Stockholders' Equity

Components of Balance Sheet

Examples of Asset Accounts