Thème 2 - Accounting and auditing VI Balance sheet format Items are classified in order of liquidity. Cash and equivalents, the most liquid asset is shown first, and net intangible assets (= intangible assets minus amortization) are shown last. Assets and liabilities are broken down into short- term or current amounts, meaning due within less than a year, and long- term amounts that extend beyond a twelve- month period. & COMMON TERMS * Adverbs and linking words Here below Beyond Ci- dessous Au- delà de EXERCISE Recall or research the translation in French of the following B/S section: In English Petty Cash Accounts receivables/Debtors Prepaid expenses Accrued revenue Tangible assets Property, plant, equipment Intangible assets Accounts payable/Creditors Accrued expenses Deferred revenues Stockholders' equity Retained earnings In French 134