Читать книгу Financial Accounting For Dummies - Maire Loughran - Страница 39

A classified balance sheet groups similar accounts together. For example, all current assets (see Chapter 7) such as cash and accounts receivable show up in one grouping, and all current liabilities (see Chapter 8) such as accounts payable and other short-term debt show up in another. This grouping is done for the ease of the balance sheet user so that person doesn’t have to go on a scavenger hunt to round up all similar accounts.

Also, people who aren’t accounting geeks (poor them!) may not even know which accounts are short-term versus long-term (continuing more than one year past the balance sheet date), or equity as opposed to assets. By classifying accounts on the balance sheets, the financial accountant gives them information that is easy to use and more comparable.