Business

Current Assets are cash or other assets that are readily converted into cash. This often includes cash on hand (or in bank accounts), inventory, and accounts receivable.
If you have 20 or more employees, you are subject to a law known as the Consolidated Omnibus Budget Reconciliation Act of 1985, better known as COBRA. COBRA requires employers to offer individuals who would otherwise lose benefit protection the option of continuing to have group health care plan coverage. (From the CCH Business Owner´s Toolkit)
An Accountant prepares and maintains the financial records of a business. With more training than a bookkeeper, an accountant has a larger responsibility, including preparing financial statements using the data recorded by the bookkeeper.
The Balance Sheet is a statement of a company´s assets, liabilities, and capital at a specific period of time. Assets = Liabilities + Capital. The Balance Sheet is a "snapshot" of a company´s financial standing at one point in time. It is used to determine the financial status of a company, what the company´s present value is.