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 ...

Arguably, monthly financial statements are the most important strategic tool for an organization. Accurate and timely statements provide key data to support fiscal monitoring and decision making, ...

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

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...

Financial reports are one of the most powerful tools you have for managing your business. They help identify money-making trends and cash flow issues. Yet, the insights generated by these reports rely ...

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 the critical differences between revenue and income, their impact on financial health, and how understanding each can ...

When starting a new business, a financial forecast is an important tool for recruiting investors as well as for budgeting for your first months of operating. A financial forecast is used to predict ...

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Financial models have become one of the most important decision-making tools in modern finance. They are critical to enabling informed decision-making. But oftentimes, they are flawed with deep and ...

The AICPA Accounting and Review Services Committee (ARSC) voted Wednesday to issue an amendment clarifying that a CPA preparing financial statements as part of a consulting services engagement ...