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

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 ...

Discover the basics of account statements, including definitions, uses, features, and examples, to manage finances ...

Financial statements comprise three important written records: the cash flow statement, the income statement and the balance sheet. Companies furnish financial statements to provide information on ...

A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board (IASB) ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

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 ...

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 ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

An income statement is a financial document that details the revenue and expenses of a company. Some investors and analysts use income statements to make investing decisions. The income statement, ...

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow. The first step in ...