Expand
Resize
Add to favorites
The rules that govern balance sheet presentation are intended to aid comparability between reporting entities. Among other areas, reporting entities should consider the number of reporting periods presented, as well as chronology. While most reporting entities present the balance sheet in order of liquidity (i.e., starting with the most liquid asset, which is cash for most companies), there is no specific ordering requirement within US GAAP. Certain assets may be presented with more prominence depending on their relative importance to the industry (e.g., property, plant, and equipment in the public utilities industry).
Reporting entities should also consider whether individually significant account balances may warrant further disaggregation, classified balance sheet requirements, and the impact of the entity’s operating cycle on classification.
Expand

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Your session has expired

Please use the button below to sign in again.
If this problem persists please contact support.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide