Shareholders’ equity defined: Represents a value retained by the company
- Equity on the balance sheet is defined as: Equity = Assets - Liabilities
- Represents a value per book (does not take into account certain changes in fair market value)
Financial statement: Balance sheet
Accounting Flashcards includes a translate button for English, Chinese, and Spanish.
Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.
« Back to Glossary Index