Bilanz (EN)

Definition

The balance sheet is a statement of assets (assets) and liabilities (liabilities) as of a specific date. It must always be in balance, with the assets corresponding to the liabilities. The balance sheet is a central document in accounting and provides an overview of the financial situation of a company. It is prepared both as an opening balance sheet at the beginning of a fiscal year and as a closing balance sheet at the end.

Structure

flowchart TD     A[Balance Sheet] --> B[Assets]     A --> C[Liabilities]     B --> D[Current Assets]     B --> E[Fixed Assets]     C --> F[Equity]     C --> G[Debt]     D --> D1[Inventories]     D --> D2[Receivables]     D --> D3[Cash]     E --> E1[Real Estate]     E --> E2[Machinery]     E --> E3[Patents]     F --> F1[Share Capital]     F --> F2[Reserves]     F --> F3[Annual Surplus]     G --> G1[Bank Liabilities]     G --> G2[Supplier Liabilities] 

In Context

• Typically used together with the income statement (P&L)
• Related to: Inventory taking, Annual financial statement, Accounting principles
• Example use: Annual financial statement of a company, Assessment of financial stability