NoteHive / Silk-Corp-Guide

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Update the photo for Balance sheet #283

Open Aini-Bashir opened 1 year ago

Aini-Bashir commented 1 year ago

image

Purpose of the Issue:

The purpose of this initiative is to enhance the visual representation of the Balance Sheet in our SILK guide. As a vital component of financial reporting, the Balance Sheet provides stakeholders with a snapshot of a company's financial position at a specific point in time. It is essential that this document is not only informative but also visually engaging. The current image used in our Balance Sheet may not effectively convey the significance and relevance of this financial statement. Thus, we aim to find a more suitable and illustrative image to accompany this critical financial document.

What is a Balance Sheet: A Balance Sheet is a financial statement that summarizes a company's financial position at a particular date, typically the end of a fiscal period, such as a quarter or year. It consists of two main sections: assets and liabilities. The purpose of the Balance Sheet is to provide a clear and concise overview of a company's financial health, showing what the company owns (assets) and what it owes (liabilities) at a specific point in time. The balance sheet adheres to the fundamental accounting equation: Assets = Liabilities + Equity.

Type of Image Needed: We are looking for an image that effectively conveys the concept of financial balance, stability, and equilibrium. The image should symbolize the harmonious relationship between assets and liabilities, which is the core essence of a Balance Sheet. Ideal elements to consider might include scales in balance, a stable foundation, or an illustration that visually represents the assets and liabilities sides of the equation. The chosen image should be professional, clear, and easy to understand, even for individuals who may not have an in-depth financial background.

Outcome of the Issue:

The new image will enhance the visual appeal and comprehension of the Balance Sheet in our financial reports, making it more accessible and engaging for our stakeholders, including investors, shareholders, and financial analysts. Ultimately, this change will contribute to more effective communication of our financial health to all interested parties.

Aini-Bashir commented 1 year ago

@SuzyQuant Asset 1: Link

Aini-Bashir commented 1 year ago

I'm going to work on this issue to find an image for the balance sheet. I'll find an appropriate image for this issue, and it will take only 10 minutes, resize it according to the required size 650 x 300, and then commit it within 15 minutes.

Aini-Bashir commented 1 year ago

I created a pull request on this issue. @rahmatzeb @Alisha-Rashid please review it.