Take JPMorgan Chase, as an example. It currently has $2.6 trillion worth of assets on its balance sheet. The largest share of these are loans, which account for about $900 billion.

There are three main components of a balance sheet — assets, liabilities, and shareholders’ equity. Assets signify what the company owns, such as cash, inventory, property, and other investments.

In the second section of "Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage," authors Mary Buffett and David Clark took ...

3. Governance The acquisition and management of financial assets for the Bank’s balance sheet is broadly prescribed by Section 18 of the Bank of Canada Act (the Act). The range of securities and ...