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

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

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

A company may set its competitive sights high to make money and make more of it over time, but it must heed its accounting cycle to ensure personnel follow stipulations top leadership has established.

Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

Accrual basis accounting is typically the preferred method, but cash basis accounting may work for very small businesses. Many, or all, of the products featured on this page are from our advertising ...

Discover how creative accounting exploits loopholes in standards to artificially enhance a company's financial image, and learn about its implications for companies and investors.

New Delhi: Companies will have to be more transparent, starting from the reporting period on 1 April by disclosing the accounting policies used in preparing financial statements that can influence the ...

Donald Trump's longtime accounting firm cut off its relationship with him, saying it could no longer stand behind the annual financial documents it had prepared for him. The longtime accountants for ...

New York (CNN)Former President Donald Trump's long-time accounting firm informed the Trump Organization last week that it should no longer rely on nearly 10 years' worth of financial statements and ...