[IICA Independent Director] 18, Reading a Balance Sheet Without Guessing

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to verify the core balance sheet equation using a 100 crore rupee fictional case. • Why cash, trade receivables, and inventory differ in liquidity and recoverability. • How Schedule III distinguishes current and non-current assets and liabilities. • Why book equity does not equal market valuation or immediate operational solvency. • How notes to accounts reveal contingent liabilities, guarantees, and SEBI LODR disclosures. This independent educational study resource is designed for self-assessment preparation. For practice tools, visit https://open-exam-prep.com/practice/in-iica-independent-director and subscribe at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026: • https://www.independentdirectorsdatabank.in/ • https://www.mca.gov.in/