6+ Unique Condensed Balance Sheet Format

The following is an example of a review report on a condensed balance sheet as of March 31 19X1 and the related condensed statements of income and cash flows for the three-month periods ended March 31 19X1 and 19X0 together with a report on a condensed balance sheet derived from audited financial statements as of December 31 19X0 included.

Condensed balance sheet format. Condensed financial statements are a highly aggregated version of the financial statements where most of the line items are summarized into just a few lines. The footnotes that usually accompany a complete set. A condensed balance sheet reduces the information from a standard balance sheet to a few lines.

This ratio analyzes the companys liquidity by using its current asset to pay the current liability. Current assets include cash accounts receivable inventories securities available for sale and prepaid expenses. Inventories percentage decreased from 116 to 99 overall.

The balance sheet is a very important financial statement that summarizes a companys assets what it owns and liabilities what it owes. This form of presentation may be used in combination with a complete set of condensed financial statements when the intent is to present just the highlights of an entitys assets liabilities and equity. Download Template Fill in the Blanks Job Done.

Dataset based on unaudited data. Quick Ratio Current Assets Inventory Current Liabilities. This form of presentation may be used in combination with a complete set of condensed financial statements when the intent is to present just the highlights of an entity s assets liabilities and equity.

Values are in millions of US equivalent rounded to 2 decimal places. This approach is used to simplify the presentation of information sometimes into a single page for all three of the financial statements. Schedule 3 of the Companies Act 2013 provides the format of the Balance sheet in accordance with which all the Indian companies are needed to prepare their financial statements annually Financial Statements Annually Annual Financial Statements refers to the annual presentation of the entitys financial performance comprising a Balance Sheet statement of profit and loss statement of changes.

Condensed financial statements are a summary form of a companys income statement balance sheet and cash flow statement usually combined into a single document. What Are Condensed Financials. Values are in millions of US equivalent rounded to 2 decimal places.