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balance sheet |
Also found in: Legal, Financial, Wikipedia, Hutchinson | 0.06 sec. |
balance sheetFinancial statement that describes the resources under a company's control on a specified date and indicates where they have come from. It consists of three major sections: assets (valuable rights owned by the company), liabilities (funds provided by outside lenders and other creditors), and the owners' equity. On the balance sheet, total assets must always equal total liabilities plus total owners' equity. |
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The best groundwork for such advice is dynamic financial analysis of the client's asset and liability portfolios. The most notable tool is dynamic financial analysis (DFA), which has the same underlying principles of ALM but addresses a wider range of risks to the business entity. She is a frequent invited speaker at industry events, serves with the Casualty Actuarial Society as an educator and technical expert on ERM and dynamic financial analysis, and publishes extensively in both trade and academic journals. |
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