19+ Comparative Balance Sheet
19+ Comparative Balance Sheet. One column shows the current year financial position, whereas another column will show the previous year's financial position so that investors or other stakeholders can easily understand and analyze the. In order to analyze your comparative balance sheets and develop your statement of cash flows, you first consider any increases or decreases in your current asset and current looking at the balance sheets, accounts receivable has increased from $170,000 to $200,000 for an increase of $30,000.
The line items or accounts on the balance sheet would reflect the number of assets and liabilities at the final moment of the accounting period. Balance sheet is one of the reports of a financial statement which provides the financial condition on a given date. Comparative balance sheet means to use balance sheet of the competitors with base company to compare that how the company in evaluation is performing against its competitors while consolidated balance sheet is prepared when there is parent and subsidiary companies relationship exists and all.
For example, an accounting period is typically 12 months long.
In preparing a comparative balance sheet, the items are placed in rows, and years and amounts are shown in the columns. The line items or accounts on the balance sheet would reflect the number of assets and liabilities at the final moment of the accounting period. Guidelines for interpretation of comparative balance sheet: Сравнительная таблица балансов, сравнительный баланс (содержит данные как текущего, так и comparative statement — a statement which compares financial data from different periods of time.