Understanding the information contained in your balance sheet, income statement, statement of retained earnings and statement of cash flows is crucial for your business to survive. These four ...

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 ...

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 ...

BUFFALO, N.Y. -- Individuals interested in learning the basics of a company's financial statements and how to interpret them for everyday use can now do so, thanks to a Smart Business Practices ...

Quick tips to help you master the art of reading a financial statement Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified ...

There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a different aspect of the business.

Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

Fact checked by Jared Ecker Reviewed by Natalya Yashina Key Takeaways The statement of cash flows shows where a company’s cash comes from and is used.Cash flow statements are divided into operations, ...