Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

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

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

Consolidated financial statements combine a parent company's information with one or more subsidiary companies to produce one master document. Investors, lenders or regulatory agencies often require a ...

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

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 ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

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