Accounting Study Guide

U.S. GAAP Codification   Accounting Topics


Examples of Balance Sheet


U.S. GAAP Codification Accounting by Topic Accounting Terms
Financial Accounting Intermediate Accounting Advanced Accounting



Financial Statements Overview

Example 1
   Balance sheet has three major components. 
      Assets = Liabilities + Stockholders' Equity
Precision Technology Corporation
Balance Sheet
December 31, 2011
Assets Liabilities

Stockholders' Equity

Total Assets Total Liabilities and Stockholders' Equity
 
Example 2
   Assets = Current Assets + Investments + Property, Plant, and Equipment + Intangible Assets
       Liabilities = Current Liabilities + Long-term Liabilities
       Stockholders' Equity = Common Stock + Preferred Stock + Retained Earnings
Precision Technology Corporation
Balance Sheet
December 31, 2011
Current Assets
Investments
Property, Plant, and Equipment
Intangible Assets
Current Liabilities
Long-term Liabilities

Preferred Stock
Common Stock
Retained Earnings

Total Assets Total Liabilities and Stockholders' Equity
 
Example 3
Precision Technology Corporation
Balance Sheet
December 31, 2011

Current Assets
   Cash
   Marketable Securities
   Inventories

Investments in other companies

Property, Plant, and Equipment
   Land
   Buildings
   Less:  Accumulated Depreciation
   Equipment
   Less:  Accumulated Depreciation

Intangible Assets
   Patents
   Trademarks
   Goodwill

Current Liabilities
   Accounts Payable
   Notes Payable
   Salaries Payable
   Interest Payable
   Income Taxes Payable
   Current Portion of Long-term Debt

Long-term Liabilities
   Long-term Notes Payable
   Long-term Borrowings
   Bonds Payable

Stockholders' Equity
   Preferred Stock
   Common Stock
   Additional Paid-in Capital, Preferred Stock
   Additional Paid-in Capital, Common Stock
   Retained Earnings

Total Assets Total Liabilities and Stockholders' Equity
 
Example of Detailed Balance Sheet
 
   An Example of Detailed Balance Sheet


Components of Balance Sheet
 
   Examples of Asset Accounts
   Examples of Liability Accounts
   Examples of Stockholders' Equity Accounts




 
U.S. GAAP Codification
 
Accounting Topics
Inventory Valuation Methods
Depreciation Methods
Revenue Recognition Principle
Accrual Basis vs. Cash Basis Accounting
Basics of Journal Entries
Ratios for Financial Statement Analysis
Overview of Financial Statements









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