Every financial statement has a specific purpose, and each one has specific objectives. In a public company, these objectives center on complying with full disclosure and Financial Accounting ...

The Financial Accounting Standards Board, which sets the rules for business accounting in the United States, says the objective of financial reporting is to provide current and potential investors and ...

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 ...

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

As the chief operating officer at a firm specializing in financial and accounting services, I've seen firsthand the immense value that accurate financial reporting brings to a business. Whether you're ...

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

Cash flow statements are the third of the core financial reports produced by companies, following the income statement and balance sheet. Cash flow statements tell investors and managers exactly where ...

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 ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Vikki Velasquez is a researcher and writer who has managed, coordinated, and ...