This practical guide outlines two views on the problem of studying the balance sheet: the balance sheet as an element of the accounting method and the balance sheet as the main form of accounting (financial) reporting. The relationship between them is reflected in detail, the basis of which is the principle of balance. Specific examples show the creative nature of the work on drawing up a balance sheet - from trial (balance) to forecast (calculation). Significant attention is paid to the balance sheet as the main form of financial reporting; legislative and regulatory requirements for its preparation, standards governing accounting (financial) reporting, etc. The practical guide is intended for heads of organizations, specialists in planning, financial and accounting services. Can be used to improve the qualifications of economic workers, teachers, graduate students, students of economic specialties at universities.