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

Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

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

New concept statements released Wednesday address financial statement elements and factors FASB should consider in developing accounting guidance. The statements are presented as new chapters of ...

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 ...

Audited financial statements are prepared in accord with generally accepted accounting principles, or GAAP. Similar to a company's budget, audited financial statements are used to measure business ...

Many companies have been working to interpret the U.S. Securities and Exchange Commission’s (SEC) statement since its release in early April regarding the classification and accounting for warrants ...

How does Accounting Standards Update 2018-08-Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made impact Principal ...

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

If you have an open account with a financial institution, you’ll receive a statement for that account periodically. What is an account statement? In simplest terms, it’s a summary of the transactions ...

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 ...