Examples of other current assets on a balance sheet

(Current assets are cash and other resources that are expected to turn to cash or to be used up within one year of the statements of financial position date.) Current assets are presented in the order of liquidity, i.e., cash, temporary investments, accounts (pledge) receivable, supplies, prepaid etc. A standard company balance sheet has three parts: assets, liabilities, and owner’s equity or capital. For larger limited companies, a balance sheet must be filed once a year as part of the company's statutory accounts. How the balance sheet works. The balance sheet has two sides that must be equal or balance each other out. Examples of such assets include long-term investments, equipment, plant and machinery, land and buildings, and intangible assets. When balance sheet is prepared, the current assets are listed first and non-current assets are listed later. Balance Sheet (Topic 210) No. 2013-01 . January 2013 . Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities . An Amendment of the FASB Accounting Standards Codification®