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ISP Boston Area Chapter Presents:Balance is B.S. Wednesday, October 26, 2022 5:30 pm to 8:30 pm Takeda300 Shire Way, Lexington, MA 02421THANK YOU TO OUR PROGRAM SPONSORSBalance is B.S. reclaiming
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Gather all relevant financial information such as assets, liabilities, and equity.
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Calculate the total assets by adding up all the value of assets.
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Calculate the total liabilities by adding up all the value of liabilities.
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Calculate the total equity by subtracting total liabilities from total assets.
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Fill out the balance sheet template with the calculated values for assets, liabilities, and equity.
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Balance sheet is a financial statement that summarizes an entity's assets, liabilities, and shareholders' equity at a specific point in time.
Any business or organization that prepares financial statements, including corporations, partnerships, and sole proprietorships, is required to file a balance sheet.
To fill out a balance sheet, one must categorize assets into current and non-current, categorize liabilities into current and non-current, and then calculate shareholders' equity.
The purpose of a balance sheet is to provide a snapshot of the company's financial position, helping stakeholders understand the assets, liabilities, and equity.
The balance sheet must report total assets, total liabilities, and total shareholders' equity.
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