Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

A balance sheet is a record of your assets and liabilities and the value of your shareholders' stock. Shareholders are people who invest in your business. Your total assets must equal the sum of your ...

An audit is an inspection of a company's accounting records, usually done by an independent certified public accountant. Audits are performed in an effort to determine whether a business is ...

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. With over a decade of editorial experience, Rob Watts ...

Some business owners are tempted to leave their balance sheets to their accountants, but it is important for leadership to understand how to read their balance sheets in order to keep an eye on their ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

A strong balance sheet can make all the difference between your investment surviving a market downturn and blowing up in your face. Nearly every financial crisis can be traced back to a foundation of ...