Objectives On completion of this tutorial, you will be able to:

• List the main types of assets and liabilities that appear on a balance sheet
• Calculate the key measures and ratios that can be derived from balance sheet values
• Recognize the typical adjustments made when accounts are consolidated or merged for groups or acquisitions, and the differences between contingent liabilities and off-balance sheet items

Tutorial Overview This tutorial describes balance sheet structures in detail and provides an introduction to the key measures - such as the debt/equity ratio and various liquidity ratios - that can be derived from balance sheet values. Further commentary on other aspects of balance sheet accounting, such as consolidated accounts and off-balance sheet items, is also provided. Prerequisite Knowledge Credit Analysis - An Introduction Tutorial Level: Intermediate Tutorial Duration: 60 minutes