BUS 312Unit 2

From accounting numbers to what finance needs.

Name: Business Tutor
Address: Burnaby, BC, CA
Telephone: +1-604-916-5838
Price range: C$30–C$129

The balance sheet and income statement read the way a finance student reads them, Canadian tax band by band, and capital cost allowance with the tax shield it creates.

The balance sheet · Step 1 of 13

The balance sheet identity: assets = liabilities + equity

Cedar Ridge Manufacturing Ltd. · December 31, 2026 · $ thousands · block height = size

The balance sheet is a snapshot at one instant (December 31), not a record of a year. The left side is what the firm owns; the right side is who has a claim on it. Creditors are paid first, so equity is the residual: whatever is left. That is why the identity always balances. It is true by construction.

Try it: Tap any block to look inside it. Then switch to 2025 and watch both sides shrink together.

Balance sheet date

Shareholders' equity · 2026

The residual: what would be left for the owners after every creditor is paid.

Common stock800

Retained earnings1,500

Total$2,300k

Equity = total assets − total liabilities = $4,000k − $1,700k = $2,300k. If an asset lost value tomorrow, the creditors would still be owed the same; the owners would absorb the loss.

Assets = current assets + fixed assets

$1,050k + $2,950k = $4,000k

Liabilities + equity = current liabilities + long-term debt + shareholders' equity

$450k + $1,250k + $2,300k = $4,000k

Practise

Practise statements, tax and CCA

Net working capital, book and market value, the income statement, deferred tax, tax band by band, and CCA from purchase to sale. Answer first, then open the solution one line at a time.

Score

0 / 0

Net working capitalQuestion 1 of 15

Alder Point Foods Ltd. (figures in $ thousands). Find net working capital for each year and the change over 2026. Use a minus sign for a decrease.

$ thousands	2026	2025
Cash	95	110
Accounts receivable	240	205
Inventory	310	265
Accounts payable	180	170
Notes payable	120	90
Long-term debt	900	950

Midterm coming up and cash flow still feels slippery?

Bring your problem sets. We work through them together until every type feels routine.

Book a session Next toolNext: Cash flow from assets

FAQ

Questions, answered.

Still unsure about something? Message us and you will hear back within a day.

See all questions

In person, we meet at the SFU Burnaby campus or in a private meeting room near Brentwood in Burnaby. Online sessions run on Zoom. You choose when you book.
Create a free account, pick your course and a time, and send the request. We review it and confirm by email within 24 hours. The email has your time and place, or your Zoom link for online sessions.
After the session. Nothing is charged when you book.
Tell us within 24 hours and you get a full refund. No forms, no arguing.
Yes, and it is free. Open your account page and choose "Change time or notes" or "Cancel session", or message us on WhatsApp.
SFU Beedie accounting, finance, statistics and economics courses. The full list is on the Courses page. If yours is missing, message us and we will tell you within a day whether we can cover it.
Yes. Two or more students taking the same course can book together and each pays less per hour. Exam prep packages are also available before midterms and finals.
Yes. After each session you get an email report with what was covered, what to practise next and any files from the session. You can re-read them on your account page.

From accounting numbers to what finance needs.

The balance sheet identity: assets = liabilities + equity

Practise statements, tax and CCA

Midterm coming up and cash flow still feels slippery?

Questions, answered.

Where do sessions take place?

How do I book, and how do I know it is confirmed?

When do I pay?

What if I am not happy with a session?

Can I move or cancel a session?

Which courses do you cover?

Do you run group sessions?

Do I get notes after the session?