The Balance Sheet also referred to as Statement of Financial Position, reports the Assets, liabilities and owner’s (stockholder’s) equity at a specific point in time. The Balance Sheet is sometimes described as a “snapshot” of the company’s financial position at a particular point in time. Because a Balance Sheet discloses a company’s Assets along with payables, it is important to potential creditors when evaluating whether or not a company is loan-worthy.
Introduction The Balance Sheet - Percent Comparison Report is a balance sheet which shows a comparison between two specified dates and reports the change as a percent. A "Year-Over-Year" balance sheet is common, whereby the same date from two consecutive years is compared -- December 31st from one year to the next, for example. The