Comparative balance sheet
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Comparative balance sheet is a balance sheet listing financial condition for 2 or more years in a side-by-side manner. This format allows the reader to make quick comparisons between the two balance sheet dates. Current and past financial reports covering two or more successive periods that place data in single columns side by side.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Comparative balance sheets. Current and past financial reports covering two or more successive periods that place data in single columns side by side. Current and past financial reports covering two or more successive periods that place data in single columns side by side.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Comparative balance sheets. A comparison of the balance sheets from the end of two fiscal periods, usually highlighting the changes in each account.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
