SI Session Three: The Balance Sheet

Amount of money that a company owes a supplier or a vendor

Amount of cash to be collected from customers for services/sales provided

Expenses paid in advance

Assets you cannot touch (software, patents, logos, trademarks)

Capital that a company earns through operations

Based on their original transaction value

Historical cost of an asset adjusted for the depreciation or amortization accumulated over its lifetime

Generated through external investors giving money to be a part of a company

Price that would be received to sell assets in an orderly transaction.

Loan from the bank or financial institution (can be current or long-term)