Module 2 discussion The balance sheet also known as the statement of position shows a company’s financial position at a point in time. Included on the balance sheet are various assets that are reported at an estimated value. Discuss the importance of the balance sheet to stakeholders including but not limited to investors creditors and governmental entities. With the core value of integrity in mind explain why it is important that management ensure the reliability of the estimates used by accountants and the information provided on the balance sheet.