6645347
Description
Mind Map by Winston Maxwell, updated more than 1 year ago
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Created by Winston Maxwell
over 7 years ago
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1a. Balance Sheet Account Types by Category
- Current Assets
- Cash
Annotations:
- No change in "Cash" value when stated as Nominal, Market, Realizable, Present, Future Values. All the same when it comes to cash
- Cash Equivalents
- Short-term investments
- Account Receivable
- Other Receivables
- Inventories
- Prepaids
- Cash
- Non-Current Assets
- Long-term investments
- Property
- Plant & Equipment
- Intangibles
- "Other" Assets
including Long-Term
Prepaids
- Goodwill is by far the largest intangible in terms of dollar
amount for many firms and equals the excess of the
purchase price paid for another business over the market
value of its net assets. Only when a firm is purchased by
another is goodwill recognized in the balance sheet of
the purchaser. Internally, generated goodwill is
expensed.
- Long-term investments
- Current Liabilities
- Accounts Payable
- Accrued Liabilities
- Unearned Revenue
- Income Tax Payable
- Notes Payabel
- current portion of long-term debt
(the portion due within one year of
the balance sheet date).
- Accounts Payable
- Non-Current Liabilities
- Notes Payable
- Bonds Payable
- Lease Liabilities
- Pension Liabilities
- Post-Retirement
Healthcare
Liabilities
- Deferred Taxes
- Notes Payable
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