financial markets and accounting standard-setting bodies. The cost and fair market value of an asset are the same at the time of acquisition and in all subsequent periods. Even though a partnership is not a separate legal entity, for accounting purposes the partnership affairs should be kept separate from the personal activities of the owners. A balance sheet, also known as a "statement of financial position," reveals a company's assets, liabilities and owners' equity (net worth).The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial statements.
Santos (Saint Mary’s University, Nueva Vizcaya) Romer D. Torres (University of Perpetual Help System DALTA, Las Pinas) Aleriza Marya L. Cabardo (Don Bosco Technical Institute of Makati) Greg Emmanuel D.Data Analysis Expressions (DAX) sounds a little intimidating at first, but don’t let the name fool you. First things first - DAX is NOT a programming language. You can use DAX to define custom calculations for Calculated Columns and for Measures (also known as calculated fields).