FABM

Front

Statement of Financial Position

Back

A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.

Front

Assets

Back

Resources owned by a business that are expected to generate future cash flows.

Front

Current Assets

Back

Assets that can be realized (collected, sold, used up) within one year after the year-end date.

Front

Cash

Back

Includes coins, currencies, checks, bank deposits, and other cash items readily available for use in business operations.

Front

Cash Equivalents

Back

Short-term investments that are readily convertible to known amounts of cash, with insignificant risk of changes in value.

Front

Marketable Securities

Back

Stocks and bonds purchased by the enterprise to be held for a short period.

Front

Accounts Receivable

Back

Amounts collectible from customers for goods sold or services rendered on credit.

Front

Notes Receivable

Back

Promissory notes issued by clients as evidence of their obligation to pay for goods or services.

Front

Interest Receivable

Back

Amount of interest collectible on promissory notes received from customers.

Front

Advances to Employees

Back

Money loaned to employees, payable through salary deductions.