Business managers rely on accurate financial information when making sound business decisions. The balance sheet and cash flow statement are two reports used for this. These financial statements show ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...

Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

If you own and operate your business single-handedly, financial specialists would call the company a "single-owner entity," also known as a sole proprietorship. From a legal standpoint, a single-owner ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

When investors look at assets, they often want to see steady growth. A company whose assets increase over time, especially ...

Mergers and acquisitions (M&A) are pivotal events in the corporate world, presenting unique opportunities for growth, diversification and competitive advantage. The balance sheet, a fundamental ...

The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...