The balance sheet of the organization is its assets and liabilities. And these two indicators are closely related. The sum of all assets of the enterprise is always equal to the value of its liabilities and this equality makes up the balance sheet. Those. when one of the indicators increases, the second increases by the same amount.
What are the assets and liabilities of the
enterprise? Assets are property and various resources of an organization that can be expressed in monetary terms. They are used for profit. There are several types of them - current, long-term, intangible, as well as financial investments.
Current assets include money in the current account or at the cash desk of the company. Long-term include production facilities and equipment. Intangible assets are the intellectual property of the enterprise, and financial investments are investments that cannot be used for the needs of the company in the near future, but in the future can bring him significant profit.
Liabilities are the capital owned by the enterprise, as well as all the obligations of this company. They consist of all production costs,
borrowed funds and other debts of the institution. Liabilities include authorized capital,
accounts payable, as well as the profit of the organization.
In order to analyze assets and liabilities in the enterprise, after a certain period of time, a balance sheet is drawn up . It allows on the basis of these indicators to assess the current state of the company and, if necessary, take measures to improve its work.
The analysis makes it possible to manage the assets and liabilities of the enterprise to maintain its profitability and reduce possible risks. Such management helps the correct distribution of funds within the company, attracting loans, and also facilitates timely financial investments in fixed assets.
By analyzing assets and liabilities, it is possible to identify the value of current and fixed assets, the amount of equity and borrowed funds, the company's dependence on borrowed resources, as well as the urgency of their repayment and other obligations of the organization. That is, with their help, you can assess the state of the company at the time of the analysis.
When assessing the financial condition of the company, assets and liabilities are analyzed by absolute and relative indicators. And also, temporary (comparison of reporting data with the previous period) and structural (identification of the impact of each indicator on the overall result) analyzes are performed. Based on the results of the work, further activities of the organization are planned.
Analysis of assets and liabilities of balance sheet accounts plays a crucial role in assessing the financial activities of the enterprise. It allows you to find flaws and make adjustments to the work of the company in order to increase its profitability. He also helps to plan the economic activities of the organization, depending on various economic factors.