1. Balance sheets
THE CONTRACTOR IS ACTING UNDER A FRAMEWORK CONTRACT CONCLUDED WITH THE COMMISSION

2. ..\Session 1A\Sequence of accounts.docx

3. Balance sheet (opening)
Assets Liabilities
Fixed assets
Inventories
Valuables
Currency
Shares held
Loans held
Currency
Shares issued
Loans incurred
Net worth = assets - liabilities

4. Other changes in volume account
Changes in assets Changes in liabilities
Economic appearance
Catastrophic losses
Uncompensated seizures
Classification changes
Economic appearance
Catastrophic losses
Uncompensated seizures
Classification changes

5. Revaluation account Changes in assets Changes in liabilities
Nominal gains
of which
Neutral gains
Real gains
Nominal gains
of which
Neutral gains
Real gains

6. Balance sheet (closing)
Assets Liabilities
Fixed assets
Inventories
Valuables
Currency
Shares held
Loans held
Currency
Shares issued
Loans incurred
Net worth = assets - liabilities

7. Thank you for your attention
CONTRACTOR IS ACTING UNDER A FRAMEWORK CONTRACT CONCLUDED WITH THE COMMISSION