The balance sheet model applies to global companies like Apple or Google in the same way it applies to any other company. It provides a snapshot of the company's financial standing at a specific point in time, capturing what the company owns (assets) and what it owes (liabilities). The difference between the assets and liabilities is the company's equity. For global companies, the balance sheet might be more complex due to operations in different countries and currencies, but the fundamental principle remains the same.
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