Discover the basics of account statements, including definitions, uses, features, and examples, to manage finances ...

Arguably, monthly financial statements are the most important strategic tool for an organization. Accurate and timely statements provide key data to support fiscal monitoring and decision making, ...

Companies use variance analysis to compare financial performance changes from one month to the next, or perhaps from one quarter to another or year to year. Typically, actual financial results are ...

Discover the crucial differences between pro forma and GAAP financial statements. Learn why companies use both and the ...

Let’s be honest. Your monthly financial statement is like kale: you know it’s good for you but it’s awfully hard to digest. Sadly, if you’re not thoroughly digesting your company’s financial ...

In the first part of this series we dealt with the balance sheet ("Understand your financial statements," September, pg. 30), and now we are going to move onto the profit-andloss statement, hereafter ...

Companies must produce a series of financial statements to provide information on the their activities, net worth and viability. There are three main financial statements maintained by companies and ...

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 ...