Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial ...

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

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

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 ...

More than just paperwork, audited financial reports show that the numbers for your business add up. Knowing what goes into an audited statement and why it matters can help you gain confidence with ...

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

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, ...

The AICPA Accounting and Review Services Committee (ARSC) voted Thursday to expose for public comment a proposed revision that would “make explicit” that a CPA preparing financial statements as a ...

Cash flow is essential to running a successful business. As a business owner, you need to have a good read on your company’s fiscal health; cash flow statements can help you with this. These reports ...

Most 501(c)(3) nonprofits rely on public support for a sizable portion of their annual income. For any organization, a comprehensive and well-planned fundraising strategy is essential to acquiring and ...