A statement, in accounting terms, is synonymous with "report." There are several common accounting statements, all of which draw on the same accounting data but which are prepared for different ...

Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

Understanding cash flow statements is important because they measure whether a company generates enough cash to meet its operating expenses.

You want to refinance your home. The bank requires an appraisal to determine the current value. The appraiser uses data from 2019. Would you feel good about that? Or let’s say you want to sell your ...

But they shouldn't be. Governments and nonprofits take our tax and contribution money to provide valuable services--shouldn't we be making sure that they're making good use of our money? (To get ...

Trust beneficiaries often request a corporate trustee to prepare a statutory accounting. The Texas Trust Code in Section 113.151 provides that a beneficiary may request a written statement of accounts ...