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

Discover the hidden details in financial footnotes essential for interpreting income statements, balance sheets, and cash ...

Consolidated financial statements combine a parent company's information with one or more subsidiary companies to produce one master document. Investors, lenders or regulatory agencies often require a ...

Discover what accounting changes are, how they affect financial statements, and why full disclosure is essential for ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

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, ...