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About Robert Hanzel
Expertise
I can answer questions regarding most areas of consumer and commercial finance. I have extensive experience regarding various types of loans (commercial, consumer, USDA, SBA 504, SBA 7A, foreign), many investment vehicles, credit, economics, and banking. I am not an expert regarding tax structures and other tax issues and thus would not recommend asking tax related questions.

Experience
Over 11 years Financial, Investigative, and Legal experience including loan review, due diligence, financial analysis, collections, and risk management. I have managed Credit Administration, Loan Administration, Credit Analysis, Credit Review, Liquidation Departments, Collections, and workouts

Organizations
Both the Risk Management Association and the Bank Administration Institute.

Education/Credentials
I have obtained both my Credit Risk Certification from the Risk Management Association and a Loan Review Certification from the Bank Administration Institute.

You are here: Experts > Real Estate > Banking: U.S. > Financial Reports > basic accounting-differentiating between financial statements

Financial Reports - basic accounting-differentiating between financial statements

Expert: Robert Hanzel - 2/13/2007

Question
i was wondering in which financial statement you could find out the total debts
outstanding

Answer
Their are three basical financial statements. The first is the income statement (sometimes called the P&L) and this statement shows the income versus expenses. The second is the balance sheet. The balance sheet shows assets and liabilities. The third is the cash flow statement and this statement shows the movement of cash throughout the business. The debt for a company would be located on the balance sheet under liabilities. I hope this helps!

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