Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

Discover the hidden details in financial footnotes essential for interpreting income statements, balance sheets, and cash ...

Business owners often use accounting to measure their company's financial performance. Accounting is responsible for recording and reporting a company's financial transactions. While business owners ...

There are four key financial statements your company may have: a balance sheet, income statement, cash flow statement and statement of owners' or shareholders' equity (retained earnings). A balance ...

Bank statements are the kind of paperwork that quietly piles up until a drawer will not close or a downloads folder turns ...

What could your business do with an extra $1 million in cash? Borrow less? Invest in new equipment? Hire staff to help grow your sales? The answers likely depend on the goals for your specific ...

Learn how to prepare an up-to-date profit and loss statement, balance sheet and statement of cash flows. Many, or all, of the products featured on this page are from our advertising partners who ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

The AICPA Accounting and Review Services Committee (ARSC) voted Thursday to expose for public comment a proposed revision that would “make explicit” that a CPA preparing financial statements as a ...

Sometimes, an income statement is a profit-and-loss statement. Within financial statements, names for some items vary from one company to another. (Heck, even the names of the financial statements ...