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- A year-end balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at the end of the fiscal year12. Here is an example of a balance sheet for ExxonMobil Corporation for fiscal year 20213:
- Total assets: $338.9 billion
- Total liabilities: $163.2 billion
- Total equity: $175.7 billion
- Total liabilities and equity: $338.9 billion
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Save this printable template as a year-by-year balance sheet, or easily customize it to be a day-by-day or month-by-month balance sheet. Enter projected figures to see your financial position compared to your financial goals. For an easy-to-use online balance sheet template, see this basic balance sheet template.www.smartsheet.com/balance-sheet-templatesUsing this template, you can add and remove line items under each of the buckets according to the business: current assets, long-term assets, current liabilities, long-term liabilities, and equity.
corporatefinanceinstitute.com/resources/financial-…Example of a Balance Sheet Below is a portion of ExxonMobil Corporation's (XOM) balance sheet for fiscal year 2021, reported as of Dec. 31, 2021. Total assets were $338.9 billion. Total liabilities were $163.2 billion. Total equity was $175.7 billion. Total liabilities and equity were $338.9 billion, which equals the total assets for the period.www.investopedia.com/terms/f/financial-statements…Balance Sheet Template ▶ Summarize what your company owns and owes. Compare to previous year (s).www.vertex42.com/ExcelTemplates/financial-state… - People also ask
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WEBBecause it summarizes a business’s finances, the balance sheet is also sometimes called the statement of financial position. Companies usually prepare one at the end of a reporting period, such as a month, quarter, …
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- It's important to note that this balance sheet example is formatted according to International Financial Reporting Standards (IFRS), which companies outside the United States follow. If this balance sheet were from a US company, it would adhere to Generally Accepted Accounting Principles (GAAP). Related: GAAP vs. IFRS: What Are the Key Differences ...
- Estimated Reading Time: 8 mins
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