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What Is a Purchase Order Request?
Understanding Key Financial Ratios
Why Choose an Enrolled Agent vs. a CPA?
How to Prepare Closing Entries
Understanding Bank Financial Statements
Preparing Consolidated Financial Statements
What Are the Requirements for Taking the CPA Exam?
How to Format an Income Statement
Classifying Assets & Liabilities
Types of Accounting Careers
Analyzing Financial Statements
Specialized Fields of Accounting
Role of an Internal Auditor
How to Calculate Margin Percentage
Types of Internal Controls
How to Calculate Sales
How to Become a CPA
How to Fill Out a Financial Statement
How to Define Owner's Equity
How to Calculate CAPM
Calculating Cost of Goods Sold
How to Read a Balance Sheet
Types of Accounting
How to Evaluate a Cash Flow Statement
How to Format a Cash Flow Statement
How to Calculate Return on Assets
Summary: Fill out a financial statement by listing assets from home value, investments and monthly income, and then listing information on liabilities and debts. Calculate net worth in a financial statement with help from a certified public accountant in this free video on financial statements.
Miranda Chook is a CPA with expertise in international operations. She has held executive positions with both publicly listed and privately held companies. In addition to her finance...read more
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"My name's Miranda Chook, a CPA. Frequently, lenders ask borrowers to fill out financial statements. They usually provide a template but in general, this is what they're looking for. Under the assets section, they would like you to write down the fair value of your home, any investment accounts, bank accounts, things like that that you own, and then on the liability side, they need to know other debt that you have, a mortgage on an existing home or equity lines of credit, and credit card debt, student loans, car loan, things like that, and then the result in amount is your net worth which will be considered along with your monthly income to see if you qualify for a loan, and of course, they will also look at credit scores and other information, to not only see if you qualify but also to determine what kind of payment terms to offer to you."
eHow Article: How to Fill Out a Financial Statement
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