FINANCIAL REPORTING BALANCE SHEET: TRIAL BALANCE: PROFIT AND LOSS

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FINANCIAL REPORTING (BALANCE SHEET TRIAL
BALANCE PROFIT AND LOSS)

• 98/04/24
• ?????? ??

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Topic Objectives

• At the end of this course, you will be able to
• Run the balance sheet report
• Run the trial balance report
• Run the profit and loss statement report

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Balance Sheet (1)

• The balance sheet for a particular date is a
  report showing the up-to-date accumulated assets,
  liabilities and equity amounts in the company.
• You would usually run this report at the end of
  every fiscal year to realize the stability of the
  company.

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Blance Sheet (2)

• The Balance Sheet formula is Total Assets
  Total Liabilities Total Equity.
• Profit Period - The balance sheet includes the
  profit or loss total amount (from the profit and
  loss statement) to the selected period.

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Balance Sheet (3)
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Trial Balance (1)

• The Trial Balance displays all G/L accounts (both
  Balance Sheet and Profit and Loss accounts) and
  business partners in the company for a chosen
  date range.
• Use this report to display the total activity of
  the company and to check that the total debit
  side is equal to the total credit side.

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Trial Balance (2)
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Trial Balance (3)
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Profit and Loss Statement Report (1)

• The Profit and Loss Statement displays the
  balance of all the Profit and Loss G/L accounts.
• The total result of the profit and loss statement
  is the profit or loss of the company in the
  selected period.

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Profit and Loss Statement Report (2)