Balance sheet new name

A balance sheet is also commonly referred to as a:

  1. Statement of Financial Position
  2. Position Statement
  3. Statement of Assets and Liabilities
  4. Financial Statement
  5. Snapshot of the company's financial situation

In some countries, the balance sheet may be referred to as:

  1. Balance de situación (in Spanish)
  2. Bilan (in French)
  3. Bilancio (in Italian)
  4. Balanço (in Portuguese)
  5. Balans (in Dutch)

It's worth noting that while these names may vary, the purpose and content of the balance sheet remain the same: to provide a snapshot of a company's financial situation at a specific point in time, including its assets, liabilities, and equity.