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Financial Statements - Coggle Diagram
Financial Statements
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The balance sheet shows the tinancal situation ot the company on a particular date, generally the last day of its financinl year.
lt lists the company's assets, its linbilities, and shareholders' funds
Assets
Consist ot its cash investments and property (buildings, machines, and so on), and debtorsamounts of money owed by customers for gooxls or services purchased on credit.
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The basic accounting equation, in accordance with the principle of double-entry bookkeeping, is
that Assets= Liabilities + Owners (or Sharcholders) Equity.
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A company's market capitalization-the total value of its shares at any given moment, equal
to the number of shares times their market price .
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