Investors need to be aware of the signs of financial statement manipulation by a company when evaluating its stock.

Discover how tax liabilities are reflected in balance sheets, income, and cash flow statements. Learn about deferred tax liabilities and their financial impact.

The income statement garners a lot of attention because it details whether your business has made a profit or loss. Therefore, it is paramount that you accurately record sales and expense items such ...

If you run a business that uses depreciable fixed assets and you prepare financial statements in accordance with generally accepted accounting principles, impairment of an asset can impact your ...

Tax-exempt organizations are working through the biggest change to not-for-profit financial reporting in 25 years. FASB Accounting Standard Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958 ...

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 ...

When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

According to the American Bar Association's Private Target Mergers and Acquisitions Deal Points Studies, financial statement representations are universally required from sellers in private company ...