Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

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

Forming limited liability companies for your small businesses allows you to operate the companies separately. However, certain situations may require you to create a consolidated financial statement ...

Financial statements are vital for businesses, from international corporations down to limited liability companies. These statements give investors an in-depth, accurate picture of a business’s ...

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

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

Generally accepted accounting principles, or GAAP, essentially impact every item on a qualifying financial statement. Most companies and organizations follow GAAP when creating financial statements.

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

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