11/28/2015

Classified Balance Sheet - AccountingTools

Search the
Site

Copyright 2015, All Rights Reserved

1,000+
Accounting
Topics!

Accounting
Bestsellers
Accountants'
Guidebook
Accounting
Controls
Guidebook
Accounting
for
Inventory
Accounting
Procedures
Guidebook
Bookkeeping
Guidebook
Budgeting
Business
Ratios
Guidebook

http://www.accountingtools.com/classified-balance-sheet

1/4

11/28/2015

Classified Balance Sheet - AccountingTools

CFO
Guidebook
Closing
the Books
Controller
Guidebook
Corporate
Cash
Management
Cost
Accounting
Fundamentals
Financial
Analysis
Fixed
Asset
Accounting
GAAP
Guidebook
IFRS
Guidebook
Lean
Accounting
Guidebook
Mergers &
Acquisitions
Payables
Management
Payroll
Management
Treasurer's
Guidebook

Home>>FinancialStatementTopics

ClassifiedBalanceSheet
Aclassifiedbalancesheetpresentsinformationaboutanentity'sassets,liabilities,andshareholders'equitythatis
aggregated(or"classified")intosubcategoriesofaccounts.Itisextremelyusefultouseclassifications,since
informationisthenorganizedintoaformatthatismorereadablethanasimplelistingofalltheaccountsthat
compriseabalancesheet.Wheninformationisaggregatedinthismanner,abalancesheetusermayfindthatuseful
informationcanbeextractedmorereadilythanwouldbethecaseifanoverwhelmingnumberoflineitemswere
presented.

Themostcommonclassificationsusedwithinaclassifiedbalancesheetare:
Currentassets
Longterminvestments
Fixedassets(orProperty,Plant,andEquipment)
Intangibleassets
Otherassets
Currentliabilities
Longtermliabilities
Shareholders'equity
Thesumoftheseclassificationsmustmatchthisformula:
Totalassets=Totalliabilities+Shareholders'Equity
Theclassificationsusedcanbeuniquetocertainspecializedindustries,andsowillnotnecessarilymatchthe
classificationsshownhere.Whateversystemofclassificationisusedshouldbeappliedonaconsistentbasis,sothat
balancesheetinformationiscomparableovermultiplereportingperiods.
Thereisnospecificrequirementfortheclassificationstobeincludedinthebalancesheet.Thefollowingitems,ata
minimum,arenormallyincludedinthebalancesheet:
CurrentAssets:

http://www.accountingtools.com/classified-balance-sheet

2/4

11/28/2015

Classified Balance Sheet - AccountingTools

Cashandcashequivalents
Tradeandotherreceivables
Prepaidexpenses
Investments
Inventories
Assetsheldforsale

LongTermInvestments:
Investmentsinothercompanies
FixedAssets:
Computerhardware
Computersoftware
Furnitureandfixtures
Leaseholdimprovements
Officeequipment
Productionequipment
Accumulateddepreciation
IntangibleAssets:
Intangibleassets
Accumulatedamortization
Goodwill
CurrentLiabilities:
Tradeandotherpayables
Accruedexpenses
Currenttaxliabilities
Currentportionofloanspayable
Otherfinancialliabilities
Liabilitiesheldforsale
LongTermLiabilities:
Loanspayable
Deferredtaxliabilities
Othernoncurrentliabilities
Shareholders'Equity:
Capitalstock
Additionalpaidincapital
Retainedearnings
ClassifiedBalanceSheetExample
Hereisanexampleofaclassifiedbalancesheet,wheretheclassificationsarelistedinboldinthefirstcolumn:
HolystoneDentalCorp.
StatementofFinancialPosition
(000s)

asof12/31/x2

asof12/31/x1

ASSETS

Currentassets

Cashandcashequivalents

$270,000

$215,000

Tradereceivables

147,000

139,000

Inventories

139,000

128,000

15,000

27,000

571,000

509,000

Othercurrentassets
Totalcurrentassets

Fixedassets

Furnitureandfixtures

551,000

529,000

82,000

82,000

Officeequipment

143,000

143,000

Totalnoncurrentassets

776,000

754,000

Leaseholdimprovements

Totalassets

http://www.accountingtools.com/classified-balance-sheet

$1,347,000

$1,263,000

3/4

11/28/2015

Classified Balance Sheet - AccountingTools

LIABILITIESANDEQUITY

Currentliabilities

Tradeandotherpayables
Shorttermborrowings
Currentportionoflongtermborrowings
Currenttaxpayable
Accruedexpenses
Totalcurrentliabilities

$217,000

$198,000

133,000

202,000

5,000

5,000

26,000

23,000

9,000

13,000

390,000

441,000

Longtermliabilities

Longtermdebt

85,000

65,000

Deferredtaxes

19,000

17,000

104,000

82,000

Totalnoncurrentliabilities

Totalliabilities

494,000

523,000

ShareholdersEquity

Capital

$100,000

$100,000

15,000

15,000

Retainedearnings

738,000

625,000

Totalequity

853,000

740,000

Additionalpaidincapital

Totalliabilitiesandequity

$1,347,000

$1,263,000

RelatedTopics
Balancesheetoverview
Commonsizebalancesheet
Comparativebalancesheet
Whatisaverticalbalancesheet?
Wheredoaccrualsappearonthebalancesheet?

http://www.accountingtools.com/classified-balance-sheet

4/4