A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future ...

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.

You can spot creative accounting practices on a company's balance sheet by analyzing its assets, liabilities, and equity. Overstating assets and/or understating liabilities leads to increased net ...

Reviewed by Somer Anderson Fact checked by Michael Rosenston Balance sheets are important financial statements that help ...

Policymakers want to keep shrinking the balance sheet until reserves are merely “ample”—a know-it-when-you-see-it level of ...