Understanding About Balance Sheets And The Balance Sheet

1124 WordsMar 6, 20165 Pages
Understanding about Balance Sheets Specific purpose: To inform the audience about the use and importance of the balance sheet in their everyday lives and how they can use it. Introduction I. Open with impact: Everywhere you see consists of something extraordinary, something which many know nothing about II. Thesis: As our lives get more complicated financially, a balance sheet can help people to understand how they can survive financially to be comfortable, secure, or rich and still be able to enjoy life III. Connect: We all need it, ever since the start of humanity we need something to make us to stay sane and let us know that we are in control. That control over money will help you to understand yourself, your spending or saving habits, as well as how to see through the looking glass where a job is an option and not an obligation IV. Preview: To start what we shall go over for this speech A. First, I will explain the balance sheet and what goes onto the balance sheet B. Second, I will explain how the balance sheet is used in real life C. Finally, I will explain the importance of the balance sheet in everyone’s daily life Body I. Main point: If the balance sheet is a financial statement which summarizes a company’s assets, liabilities, and shareholders’ equity at a specific point in time. This should explain what goes onto the balance sheet. A. To start off, we have the assets 1. Assets are the properties used in the operation or investment activities of a business
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