Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definition: Balance Sheet |
Balance SheetNoun1. A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definition |
Business | The statement of the financial position of a company or trader or partnership at a particular time, such as the end of the financial year or the end of a quarter, showing the company's assets and liabilities. Source: European Union. (references) |
Finance | A financial statement that contains the types and amounts of assets, liabilities and net worth of a company, institution or individual. Also called a statement of condition. (references) |
Mining | A record showing the present financial obligations and resources of thecompany, in terms of cost or book value. (references) |
Source: compiled by the editor from various references; see credits. | |
(From Wikipedia, the free Encyclopedia)
The balance sheet has two parts: assets on the left-hand ("debit") side or at the top and liabilities on the right-hand ("credit") side or at the bottom. The assets of the company -- money ("in hand" or owed to it), investments (including securities and real estate), and other property -- are equal to the claims for payments of the persons or organisations owed -- the creditors, lenders, and shareholders. This standard format for balance sheets is derived from the principle of double-entry bookeeping.
According to the basic accounting equation:
see also other financial statements
Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Balance sheet."
| Context | Synonyms within Context (source: adapted from Roget's Thesaurus). |
Accounts | Books, account book, ledger; day book, cash book, pass book; journal; debtor and creditor account, cash account, running account; account current; balance, balance sheet; compte rendu, account settled, acquit, assets, expenditure, liabilities, outstanding accounts; profit and loss account, profit and loss statement, receipts. |
Money | Sum, amount; balance, balance sheet; sum total; proceeds;(receipts). |
| Source: adapted from Roget's Thesaurus. | |
| Domain | Usage | |
Movie/TV Titles | The Balance Sheet Barrier (1977) | |
Source: compiled by the editor from various references; see credits. | ||
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Source: compiled by the editor from various references; see credits. | |||
| Subject | Topic | Quote |
Business | In the balance sheet, for example, total assets equal 100 percent, and each individual asset is stated as a percentage of total assets. (references) | |
Since growth is usually one goal, the amount of working capital on this year's balance sheet should be greater than that of the previous year's. (references) | ||
The 1998 version of the draft proposes to record the leased asset on the lessee's balance sheet only at the market price for the date when the property is transferred. (references) | ||
Economic History | Chad | Cotontchad's balance sheet has fluctuated depending on world cotton prices and other factors. (references) |
Cote D'ivoire | Companies must submit an annual balance sheet and profit and loss accounts to the Ministry of Economy and Finance. (references) | |
Ukraine | Government entities also use means that are off the balance sheet to pay for operations and expenses not funded by the state budget. (references) | |
Trade | Switzerland | Compared with the previous year, the balance sheet total of the 375 reporting banks declined by 5.3% (1999: +5.4%) to SF 2,125 ($1,257) billion. (references) |
Brazil | If the risk is with a non-bank company, its audited balance sheet and income statements must be very strong, and the company must have a good commercial track record. (references) | |
Pakistan | One shortcoming of this system is that non-performing loans can be "rolled over" indefinitely, so that a bank's balance sheet may not accurately reflect the viability of its outstanding loans. (references) | |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
Expressions using "balance sheet": balance sheet account ♦ balance sheet total ♦ balance sheet value ♦ condensed balance sheet ♦ consolidated balance sheet ♦ falsified balance sheet ♦ final balance sheet ♦ net commission income as a percentage of balance sheet total ♦ normal balance sheet ♦ opening balance sheet ♦ post balance sheet event ♦ temporary balance sheet ♦ trial balance sheet ♦ weight and balance sheet. Additional references. | |
| Source: compiled by the editor from various references; see credits. |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Language | Translations for "balance sheet"; alternative meanings/domain in parentheses. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Albanian | bilanc (balance). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Czech | rozvaha (composure, discretion). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Danish | status (status). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dutch | balans (balance, equilibrium, fly, scales). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Esperanto | bilanco. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finnish | tase (balance, statement of accounts). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
French | bilan financier, bilan (balance), balance d'inventaire, comptes de patrimoine. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
German | bilanz (balance, end result). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Greek | ισολογισμός (balance sheet total, total). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hungarian | vagyonmérleg, mérleg (balance, balance-sheet, pair of scales, scale, scales). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Italian | bilancio patrimoniale, bilancio (balance, budget). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Kanji | 貸借対照表 , バベルの" (balalaika, balance, balance of power, balcony, ballade, ballast, balloon, Baltic, balun, barber's clippers, Barcelona, baritone, barium, barracks, barreled wine, barricade, barrier, Barriquand et Marre, bawm bawm, Brahman, bulk carrier, bulk line, bulk storage, bulky, bulky sweater, impediment removal, Tower of Babel, value, value analysis, value engineering, variable condensor, variant, variation, variety, variety show, variety store, varistor, vulcanized fiber, vulcanized rubber), 決算 (settlement of accounts). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Katakana | たいしゃくたいしょうひょう, バランスシート , けっさ" (settlement of accounts). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Manx | duillag-chorrym. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pig Latin | alancebay eetshay balancete (trial balance sheet), balanço (audit, balance, rocking, sway, swing, swinging, teeter, vacillation, waggle, weighing machine). (various references) bilanţ (account, audit, result, schedule, total). (various references) баланс (balance, balance-sheet, equilibrium). (various references) bilans (balance), završni račun. (various references) balance (balance, rocking, stocktaking). (various references) balansräkning (balance sheet value, book value). (various references) bilanço (balance, financial statement, statement). (various references) балансовий звіт. (various references) mantolen. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Misspellings | |
"Balance Sheet" is suggested in spellcheckers for the following: balace sheet, balance shee, balance shhet. (additional references) | |
| Source: compiled by the editor, based on several corpora (additional references). | |
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-a-b-c-e-e-e-h-l-n-s-t" | |
-1 letter: escheatable. | |
-2 letters: encashable. | |
-3 letters: leachates, teachable. | |
-4 letters: absentee, alcahest, analects, balances, blanches, bleaches, blenches, cashable, castable, chelates, cleanest, eatables, escalate, hateable, heatable, leachate, nestable, seabeach, selenate. | |
-5 letters: ablates, absence, acetals, achenes, actable, altheas, anlaces, balance, baleens, banshee, batches, beaches, beechen, beeches, beetles, belches, benches, beneath, benthal, beseech, bethels, cablets, canthal, cantles, caseate, catenae, catenas, celesta. | |
| Words containing the letters "a-a-b-c-e-e-e-h-l-n-s-t" | |
+1 letter: teachableness. | |
+3 letters: teachablenesses. | |
+4 letters: charitablenesses. | |
+5 letters: exchangeabilities. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
| 1. Definition 2. Crosswords 3. Usage: Modern 4. Usage: Commercial | 5. Quotations: Non-fiction 6. Expressions 7. Expressions: Internet 8. Translations: Modern | 9. Derivations 10. Anagrams 11. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
