Templates
Finance
GAAP (Generally Accepted Accounting Principles) Balance Sheet Template
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GAAP (Generally Accepted Accounting Principles) Balance Sheet Template

Improve accounting accuracy with our GAAP Balance Sheet Template, a rigorous and systematic workflow for financial data analysis and balance sheet preparation.
1
Gather financial data for the specified period
2
Separate the financial data into assets, liabilities and equity
3
Calculate total assets
4
Calculate total liabilities
5
Calculate shareholders' equity
6
Approval: Financial Analyst for initial calculations
7
Create a rough draft of the balance sheet
8
Check that total assets equals total liabilities plus shareholders' equity
9
Review the balance sheet for any discrepancies
10
Approval: Finance Manager for draft balance sheet
11
Correct any discrepancies if necessary
12
Recheck the balance sheet after corrections
13
Approval: Senior Accountant for corrected balance sheet
14
Prepare final version of the balance sheet
15
Cross-verify balance sheet entries with income statement
16
Approval: Chief Financial Officer for final balance sheet
17
Archive all working data and documents
18
Distribute the final balance sheet to the necessary parties
19
Prepare a presentation summarising key details of the balance sheet
20
Approval: Board of Directors for presentation content