The balance sheet is a critical business statement, which is used to establish the worth of an organization. Preparing and using a balance sheet is vital to the management of any enterprise. This film delivers a comprehensive rundown of the balance sheet clearly demonstrating its different elements and how they are calculated. Senior lecturer from Westminster University, Jonathan Pike, takes us through what a balance sheet is and the purpose it serves, assets, debtors and creditors, net current assets, capital employed, sources of finance and balancing. Section summaries provide a useful recap on the different areas covered. This is an ideal learning resource for business, business management and accounting students.

Originally released by Video Education America (VEA), 2013. Streaming video file encoded with permission for digital streaming by Infobase on January 19, 2017.

The Balance Sheet: Introduction (2:10); --Assets (4:16); -- Debtors and Creditors (1:26); -- Net Current Assets (2:37); -- Capital Employed (1:09); -- Finance (2:12); -- Balancing (0:55); -- Credits: The Balance Sheet (-14:0-55); .