View attachment 1659 You can watch FREE DEMO VIDEO lectures prepared by the Dr. Anil Lamba , personal financial advisor to Ambani Group of Industries. He is the trainer of top 10 CEOs in Indian Business Market. The best part is the demo videos are FREE to watch. Boon for the those who want to learn FINANCIAL MANAGEMENT/BALANCE SHEETS. Dr. ANIL LAMBA- A Balance Sheet is one of the financial reports that is provided to the stakeholders of a business to help them quantify the financial strength of a company. Note: The Balance Sheet is a snap-shot of the financial status of a company at a particular point in time. The total amount of the Owners Equity (also known as the Net Worth of the company) is the amount of money that would be left over if all the Assets were sold and the external funders (Liabilities) were paid out. This is the first and obvious read of a Balance Sheet in relation to the company's financial strength. i.e. it quantifies how much the business is worth from an accounting point of view. Note: an accounting point of view does not take into account future profit potential and values assets at the time of purchase not what they might be worth today. Owners Equity is typically made up of the shareholders/owners initial and subsequent investments (Capital), the past profits that have not yet been distributed to the shareholders/owners (Retained Earnings) and the profits from the current trading period (Current Earnings). Reading a Balance Sheet using Financial Ratios Reading about the financial strength of a business from a balance sheet generally requires a certain amount of analysis and comparison, as well as access to the other financial report, the Income Statement.