So you're there racking your brains, doing math, trying to classify entries for a test or for your work and trying to understand what CURRENT ASSETS and NON-CURRENT ASSETS, CURRENT LIABILITIES and NON-CURRENT LIABILITIES are... Well, don't worry, this channel can help you... the first thing you have to do is subscribe to the channel and understand that accounting is not mathematics, more important than doing math is understanding the logic of this business language, that way you put order in your thoughts and start to like this fantastic subject that we study a lot here on the channel. Here we talk about accounting, books, financial markets and we do practical studies. But let's go. Before we start putting numbers, transactions and accounting accounts on the screen, I invite you to think a little about why you are doing this. If you are not familiar with the balance sheet and how it is made, I am leaving some videos in the card that appears above and in the description that will help you with these basic concepts. Accounting is a science that studies the assets of entities. In a company, this equity is the set of everything it has: assets and rights and everything it owes to third parties. What it has to pay. What the balance sheet does is show all this equity on a specific date. So that the user of the information can clearly understand what the company's assets, liabilities and net worth are on a specific date. In this way, by putting order and classifying this equity appropriately, he understands the company's situation and can make decisions. The asset is composed of current and non-current assets. The assets and rights that the entity expects to be realized within 12 months from the date of publication of the Balance Sheet are classified as current assets, while the assets and rights realizable after 12 months from the date of publication of the Balance Sheet are classified as non-current assets. All the company's obligations to third parties are classified as current and non-current liabilities. The maturity date is what determines the classification: if the obligations mature within a period of up to 360 days from the date of closing of the balance sheet, they will be classified as current liabilities, if the obligations mature after 360 days from the date of closing of the balance sheet, they will be classified as non-current liabilities. ACT No. 6,404, OF DECEMBER 15, 1976. - Law of Corporations http://www.planalto.gov.br/ccivil_03/... CPC 26 (R1) - Presentation of Financial Statements http://www.cpc.org.br/CPC/Documentos-... VIDEOS THAT CAN HELP YOU: Basic Accounting and Finance - Risk, Company, Equity, Accounting, Balance Sheet • Basic Accounting and Finance - ... ACCOUNTING EQUATION EXPLAINED (ASSETS = LIABILITIES + PL) / EQUITY EQUATION • ACCOUNTING EQUATION EXPLAINED (A... BALANCE SHEET AND INCOME STATEMENT-Basic Concepts in 10 min! Financial Statements • BALANCE SHEET AND RE... The balance sheet is a snapshot of a company. It is a convenient way to organize and summarize what it owns (its assets), what it owes (its liabilities), and the difference between the two (the company's equity) at a given point in time. The difference between the total value of assets (current and non-current) and the total value of liabilities (current and non-current) is the company's equity. This way of presenting the balance sheet is intended to reflect the fact that if the company sold all of its assets and used the money to pay off its debts, then any residual value would belong to its shareholders. Therefore, the balance sheet "balances" because the value on the left side is always equal to the value on the right side, that is, the value of the company's assets is equal to the sum of the company's liabilities and the equity of its shareholders. Follow the channel for more studies on the financial market, stock exchange, book summaries, and accounting. This channel is for recording studies and sharing knowledge! Here on this channel you will find: Summary of the books I have read, main ideas learned. Several studies of Technical + Fundamental Analysis Dollar and index studies carried out on weekends Some academic articles read TradingView tutorials Accounting Concepts Advanced accounting concepts Analysis of companies' DF's (financial statements) Subscribe and follow!! It's just the beginning! 👊🐰 ___________________________________________ Video link: • ASSETS (CURRENT AND NON-CURRENT) / LIABILITIES... ___________________________________________ #BALANCESHEET​ #ASSETS #CURRENT #LIABILITIES #NON-CURRENT