“…In an attempt to make accounting functional, that is, allocated the entity's reality, providing a systemic approach to the economic and financial situation, according to Silva (2016), Fleuret's dynamic model reclassifies the Balance Sheet into erratic accounts (assets and financial current liabilities), cyclical (assets and operating current liabilities), and not cyclical (assets and non-current liabilities). The Current Assets, Noncurrent Assets, Current Liabilities, Noncurrent Liabilities and Shareholders' Equity accounts, which make up the Balance Sheet, are reclassified and divided into erratic accounts and cyclical or non-cyclical accounts (Silva et al, 2016).…”