What Happens in a Civil Case. A civil lawsuit involves disputes between private individuals and/or organizations. The facts of the dispute could involve a contract, a lease, a physical injury experienced by an individual, a divorce, or many other issues.
Balance sheets are prepared with either one or two columns, with assets first, followed by liabilities and net worth. Identify the elements of a properly formatted balance sheet. Balance sheets are usually prepared at the close of an accounting period, such as month-end, quarter-end, or year-end.
A financial manager oversees the companyâs finances and advises executives on financial matters. Controllers are in charge of preparing income statements and balance sheets and forecasting future profits and expenses. Budget and investment guidance falls to treasurers or finance officers.