Цій статті більше 3-х років. Українське законодавство складне і мінливе, тож на даний момент редакція не гарантує її 100% актуальність. У разі сумнівів скористайтесь пошуком, щоб читати свіжіші статті і консультації, або зверніться за допомогою до нашого ШІ-консультанта.
1. TASK: Insert the appropriate word in the text below:
Unlike - assets - essentially - over - debts
general purpose - efficiently - equation - reliable
The balance sheet, also called the statement of financial position, is the third ____ financial statement prepared during the accounting cycle. The balance sheet reports a company's financial position based on its ____, liabilities, and equity at a single moment in time.
____ the income statement, the balance sheet does not report activities ____ a vast time frame. The balance sheet is ____ a picture a company's resourses, ____, and ownership on a given day. This is why the balance sheet is sometimes considered less ____ or less telling of a company's current financial performance. Annual income statements look at performance over the course of 12 months, whereas, the balance sheet only focuses on the financial position of one day.
The balance sheet is basically a report version of the accounting equation also called the balance sheet ____ where assets always equation liabilities plus shareholder's equity.
In this way, the balance sheet shows how the resources controlled by the business (assets) are financed by debt (liabilities) or shareholder investments (equity). Investors and creditors generally look at the statement of financial position for insight as to how ____ a company can use its resources and how effectively it can finance them.
2. CHECK YOUR SPEAKING
|
assets |
[ʹæset] |
активы |
|
debts |
[det] |
долги |
|
efficiently |
[i'fiʃ(ə)ntli] |
эффективно |
|
equation |
[ıʹkweıʒ(ə)n] |
равенство |
|
essentially |
[ıʹsenʃ(ə)lı] |
главным образом |
|
general purpose |
[ʹdʒen(ə)rəl] [ʹpɜ:pəs] |
общего назначения |
|
over |
[ʹəʋvə] |
в течение |
|
reliable |
[rıʹlaıəb(ə)l] |
надежный |
|
Unlike |
[͵ʌnʹlaık] |
в отличие от |
3. SEE CORRECT ANSWER
The balance sheet, also called the statement of financial position, is the third general purpose financial statement prepared during the accounting cycle. The balance sheet reports a company's financial position based on its assets, liabilities, and equity at a single moment in time.
Unlike the income statement, the balance sheet does not report activities over a vast time frame. The balance sheet is essentially a picture a company's resourses, debts, and ownership on a given day. This is why the balance sheet is sometimes considered less reliable or less telling of a company's current financial performance. Annual income statements look at performance over the course of 12 months, whereas, the balance sheet only focuses on the financial position of one day.
The balance sheet is basically a report version of the accounting equation also called the balance sheet equation where assets always equation liabilities plus shareholder's equity.
In this way, the balance sheet shows how the resources controlled by the business (assets) are financed by debt (liabilities) or shareholder investments (equity). Investors and creditors generally look at the statement of financial position for insight as to how efficiently a company can use its resources and how effectively it can finance them.
Цей та багато інших цікавих матеріалів Ви знайдете в
підручнику “Practical Financial English”
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