Description
Make up a balance sheet displaying an overview of the organisation’s current financial situation. Take into account income and expenses, fixed assets such as buildings and land, intangible assets such as trademarks and patents.
Alternative labels
complete balance sheet operations
perform a balance sheet operation
implement balance sheet operations
performing balance sheet operations
undertake balance sheet operations
performing a balance sheet operation
Skill type
skill/competence
Skill reusability level
cross-sector
Relationships with occupations
Essential skill
Perform balance sheet operations is an essential skill of the following occupations:
Bookkeeper: Bookkeepers record and assemble the day-to-day financial transactions of an organisation or company, consisting usually of sales, purchases, payments and receipts. They ensure all financial transactions are documented in the appropriate (day) book and general ledger, and that they are balanced out. Bookkeepers prepare the recorded books and ledgers with financial transactions for an accountant to then analyse balance sheets and income statements.
Checkout supervisor: Checkout supervisors oversee cashiers in department stores and other big stores.
Accountant:
Accountants review and analyse financial statements, budgets, financial reports, and business plans in order to check for irregularities resulting from error or fraud, and provide their clients with financial advice in matters such as financial forecasting and risk analysis. They may audit financial data, resolve insolvency cases, prepare tax returns and provide other tax-related advice in reference to current legislation.
Optional skill
Perform balance sheet operations is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
References
