Supporting Schedules on Balance Sheets: Examples & Analysis

Supporting Schedules on Balance Sheets: Examples & Analysis
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  • 0:04 What Are Supporting Schedules?
  • 1:29 Breaking Down the Equation
  • 2:38 Lesson Summary
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Lesson Transcript
Instructor: David Bartosiak

Dave draws off his years of experience as a Financial Advisor and Analyst to teach others all about finance and the investing world.

Balance sheets give a broad outline of a company's assets and liabilities. This lesson discusses how to add details to balance sheets through the use of supporting schedules.

What Are Supporting Schedules?

Sometimes it isn't enough to just throw together a few numbers on a balance sheet. Whenever more details are required, they can be added through the use of supporting schedules.

Supporting schedules are additional details about balance sheet entries that are made as supplements. They help break down general categories of assets and liabilities into more detail. Typically, they are provided in the form of tables.

Supporting schedules can offer greater disclosure to balance sheets. While the assets and liabilities on a balance sheet are often broken down into broad categories, supporting schedules can offer up insight by detailing specifics about the broad categories.

Let's say XYZ Corp shows $100,000 in short-term marketable securities under the Current Assets section of its balance sheet. A supporting schedule could be made to accompany this entry, detailing specifically what the short-term securities are.

Supporting schedule detailing short-term marketable securities

Here, we can see that XYZ Corp's short-term marketable securities have varying maturities over the course of the next 12 months. This offers us insight above and beyond just knowing the company has $100,000 in securities. We can see that the longer dated securities pay significantly more in income than the shorter dated securities. While the company does, for all intents and purposes, have $100,000 in securities they could sell, perhaps the additional income from the securities makes them more valuable to hang on to.

Breaking Down the Equation

Supporting schedules can also be used on the liability side of the balance sheet. They can be used for short-term or long-term liabilities just like they can be used for short-term or long-term assets. The only part of the balance sheet they would never be used is for the shareholder equity section.

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