Accounting

The pretax (accounting) profit that’s reported on your company’s income statement is an important metric.…

Financial statements help managers, lenders and investors evaluate a company’s financial performance. But they tell…

It’s critical for business owners and managers to understand how to present contingent liabilities accurately…

Running a closely held business is challenging. Owners usually prioritize core business operations — such…

As calendar-year entities wrap up financial reporting for the year, their external auditors work behind…

In recent years, the accounting rules have undergone significant changes, including updated standards for reporting…

When reviewing their income statements, business owners tend to focus on profits (or losses). But…

Profitable businesses often experience cash flow shortages, particularly if they’re experiencing rapid growth. Business owners…

Timing is critical in financial reporting. Under accrual-basis accounting, the end of the accounting period…

Public companies are required to evaluate and report on internal controls over financial reporting using…