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Program Reviews in Natural Resources and Recreation ManagementCollege of Science October 2015MARSHALL UNIVERSITY Program Review Marshall UniversityDate: October 15, 2015, Program: BS in Natural Resources
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BS in natural resources stands for Balance Sheet, which is a financial statement that shows the assets, liabilities, and equity of a company at a specific point in time.
Companies in the natural resources sector are required to file their Balance Sheet as part of their financial reporting obligations.
To fill out a Balance Sheet in natural resources, companies need to list all their assets, liabilities, and equity and ensure that the equation Assets = Liabilities + Equity holds true.
The purpose of a Balance Sheet in natural resources is to provide an overview of a company's financial position at a specific moment in time, helping stakeholders assess its solvency and liquidity.
Information such as cash, inventory, property, plant, and equipment, accounts payable, debt, and shareholders' equity must be reported on a Balance Sheet in natural resources.
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