Ten Things You Need to Know About Every Balance Sheet

By Tina Orem
January 21, 2010

Sometimes income statements seem to get all the attention in the financial world, leaving the balance sheet and the cash flow statement looking like ugly stepsisters. But with a little knowledge about how balance sheets work, you can gain -- and offer -- insight that the P&L-obsessed mobs might otherwise overlook. Here are ten simple things you should learn about balance sheets.