A business transaction, such as obtaining financing, often requires companies to provide financial statements that have been evaluated by an outside independent party. Accountants are outside parties ...

If you own stocks or a business, you may know about financial statements. I’ll give an overview of financial statements so you can understand some of the common items. Financial statements report how ...

In the startup era, it’s easier than ever to launch a new business. With barriers to entry for new ventures at historic lows, it’s now extremely common to see aspiring entrepreneurs from all walks of ...

You don’t need a CPA or a Ph.D. in math to understand your stocks’ financial statements. They do have a lot of numbers, but they are just logically-organized tables of information, not math problems.

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 ...

The term "fiduciary activities" refers to assets, which a federal, state or municipal government administers for non-federal individuals. Some types of fiduciary activities include the Thrift Savings ...

FEW ISSUES INVOLVING THE PREPARATION of financial statements in conformity with generally accepted accounting principles have been more elusive and difficult to address and resolve—or of greater ...

It may seem belated, but the Governmental Accounting Standards Board has just recently gotten around to defining such fundamental accounting concepts as "asset" and "liability."It has also defined a ...