Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31 (euros in millions). Prepare the balance sheet for this company as of December 31 following the usual IFRS format. Current liabilities €10,397 Noncurrent liabilities . €14,351 Current assets . 8,137 Noncurrent assets . 31,184 Total equity . 14,573

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is