A balance sheet is an accounting tool used to summarize the financial status of a business or other entity. It generally lists assets on one side and liabilities on the other, and both sides are always in balance. Assets and liabilities are divided into short- and long-term obligations including cash accounts such as checking, money market, or government securities. At any given time, assets must equal liabilities plus owners equity. An asset is anything the business owns that has monetary value. Liabilities are the claims of creditors against the assets of the business. A balance sheet is usually prepared each month, quarter of a year, annually, or upon sale of the business, in order to show the overall condition of the company.
Net cash balance means the beginning cash balance plus cash receipts minus cash disbursements. It also refers to the amount of money in an account. It is calculated by adding the initial deposit to all subsequent deposits and then subtracting all disbursements. A positive net cash balance indicates that money is present and available in the account, while a negative one indicates that the account is overdrawn.
A cash balance plan is a type of defined benefit plan. It also includes some elements that are similar to a defined contribution plan. In a cash balance plan, the benefit amount is computed based on a formula using contribution and earning credits, and each participant has a hypothetical account.
Keywords: Indiana Balance Sheet Support Schedule, cash balance, details, types The Indiana Balance Sheet Support Schedule — Cash Balance is a financial document that provides a detailed breakdown of the cash balance of an entity in Indiana. It helps analyze the liquidity position and financial health of the entity. The Cash Balance section of the Indiana Balance Sheet Support Schedule displays the available cash and cash equivalents held by the entity at a given point in time. It includes all unrestricted funds, such as cash in hand, cash at bank, and short-term investments that can be readily converted into cash. Different types or categories of cash balances that may be recorded in the Indiana Balance Sheet Support Schedule include: 1. Petty Cash: This represents the small amount of cash kept on hand by the entity to meet day-to-day minor expenses without the need for formal documentation or approval. 2. Cash at Bank: This category represents the funds deposited and held by the entity in various bank accounts. It includes checking accounts, savings accounts, money market accounts, and other interest-bearing accounts. 3. Cash Equivalents: These are highly liquid investments that are easily convertible into cash, typically within three months or less. Examples include Treasury bills, commercial paper, and certificates of deposit. 4. Short-term Investments: These are investments with maturities ranging from three months to one year. They are considered relatively safe and easily marketable, such as government bonds or corporate bonds. 5. Restricted Cash: This refers to funds that are not readily available for general use due to legal or contractual restrictions. It may include funds held in escrow accounts, security deposits, or funds earmarked for specific purposes. The Indiana Balance Sheet Support Schedule — Cash Balance provides an accurate snapshot of an entity's cash position and enables financial analysts, investors, and stakeholders to gauge its ability to meet short-term obligations, invest in growth opportunities, and manage its liquidity efficiently. By examining the different types of cash balances, entities can gain insights into their financial stability and make informed decisions regarding cash management and investment strategies.Keywords: Indiana Balance Sheet Support Schedule, cash balance, details, types The Indiana Balance Sheet Support Schedule — Cash Balance is a financial document that provides a detailed breakdown of the cash balance of an entity in Indiana. It helps analyze the liquidity position and financial health of the entity. The Cash Balance section of the Indiana Balance Sheet Support Schedule displays the available cash and cash equivalents held by the entity at a given point in time. It includes all unrestricted funds, such as cash in hand, cash at bank, and short-term investments that can be readily converted into cash. Different types or categories of cash balances that may be recorded in the Indiana Balance Sheet Support Schedule include: 1. Petty Cash: This represents the small amount of cash kept on hand by the entity to meet day-to-day minor expenses without the need for formal documentation or approval. 2. Cash at Bank: This category represents the funds deposited and held by the entity in various bank accounts. It includes checking accounts, savings accounts, money market accounts, and other interest-bearing accounts. 3. Cash Equivalents: These are highly liquid investments that are easily convertible into cash, typically within three months or less. Examples include Treasury bills, commercial paper, and certificates of deposit. 4. Short-term Investments: These are investments with maturities ranging from three months to one year. They are considered relatively safe and easily marketable, such as government bonds or corporate bonds. 5. Restricted Cash: This refers to funds that are not readily available for general use due to legal or contractual restrictions. It may include funds held in escrow accounts, security deposits, or funds earmarked for specific purposes. The Indiana Balance Sheet Support Schedule — Cash Balance provides an accurate snapshot of an entity's cash position and enables financial analysts, investors, and stakeholders to gauge its ability to meet short-term obligations, invest in growth opportunities, and manage its liquidity efficiently. By examining the different types of cash balances, entities can gain insights into their financial stability and make informed decisions regarding cash management and investment strategies.
