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Balance Sheet Statement Preparation Checklist

Balance Sheet Statement Preparation Checklist

Use this checklist to create a snapshot of your companyโ€™s financial position
1
Introduction:
2
Preparation:
3
Gather necessary information
4
Know the balance sheet's basic accounting equation
5
Building the statement:
6
Create the header of the balance sheet
7
Determine and classify assets
8
Calculate total assets
9
Determine and classify liabilities
10
Compute total liabilities
11
Determine stockholders' equity
12
Calculate stockholders' equity
13
Compute liabilities and stockholders' equity
14
Review the balance sheet
15
Sources:
16
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