This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
A Balance Sheet balancing the ‘Net Assets’ (Total Assets less Liabilities) against the Equity.
The Net Asset Balance Sheet has advantages for measuring management performance, and at one time, it was prevalent outside North America.
There have been various forms of the Net Asset Balance Sheet:
Any term which uses the phrase ‘net asset’ or ‘net assets’ must be examined closely. See Net Asset.
See also Total Asset Balance Sheet.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"