Definition of a Balance Sheet Approach to an Audit. An audit is an inspection of a company's accounting records, usually done by an independent certified public accountant. Audits are performed in ...

Balance Sheet Definition A balance sheet shows a company's assets, liabilities and shareholder equity at a single point in time. These financial statements are used to determine a company's health ...

A balance sheet is a financial statement that provides a broad overview of a given firm's assets, liabilities and shareholders' equity. This important document gives management and other ...

Discover what goodwill in accounting means, how to calculate it, and its role during acquisitions. Learn about goodwill ...

Definition of Net Worth on a Balance Sheet. In general, net worth is the total assets owned by an individual or business less any debt obligations and other financial liabilities. On a company's ...

Cash flow is, by definition, the change in a company's cash from one period to the next. Therefore, the cash-flow statement must always balance with the cash account from the balance sheet.

The balance sheet is key to the Fed’s implementation of monetary policy. Banks hold reserves at the Fed, on which they earn a risk-free return that effectively acts as a floor for rates across ...