Every business keeps records of its operations and transactions, and accountants take this information to produce four basic financial statements: a profit and loss statement, balance sheet, statement ...

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 ...

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.

The AICPA Auditing Standards Board (ASB) issued an auditing interpretation Tuesday that permits an auditor to report on the basic financial statements of the U.S. government in accordance with ...

Forbes contributors publish independent expert analyses and insights. I share tips about launching, validating and growing startups. This article is more than 4 years old. A startup cannot sustain ...

“I am a people person; therefore I am not a numbers person.” We hear this all the time in the human resources world and encourage overcoming the “fear” of numbers to achieve career growth. The United ...

The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual framework for its work on note disclosure requirements for state and local governments. GASB ...