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Understanding Balance Sheets

In: Finance for Fintech Professionals

Author

Listed:
  • David Kuo Chuen LEE
  • Joseph LIM
  • Kok Fai PHOON
  • Yu WANG

Abstract

A balance sheet is a snapshot of a company’s cumulative financial position at a particular point in time. It answers the question of “what is the company’s financial position at the end of the period?”. It is also referred to as Statement of Financial Position or Statement of Financial Condition.

Suggested Citation

  • David Kuo Chuen LEE & Joseph LIM & Kok Fai PHOON & Yu WANG, 2022. "Understanding Balance Sheets," World Scientific Book Chapters, in: David Kuo Chuen Lee & Joseph Lim & Kok Fai Phoon & Yu Wang (ed.), Finance for Fintech Professionals, chapter 10, pages 263-312, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811241055_0010
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    Citations

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    Cited by:

    1. Kovárník Richard & Staňková Michaela, 2023. "Efficiency of the Automotive Industry in the Visegrad Group," LOGI – Scientific Journal on Transport and Logistics, Sciendo, vol. 14(1), pages 12-23, January.

    More about this item

    Keywords

    Fintech; Finance; Economics; Financial Statement; Financial Statement Analysis; Portfolio Management; Financial Planning; Financial Management; Investment Management;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G2 - Financial Economics - - Financial Institutions and Services

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