Discover how tax liabilities are reflected in balance sheets, income, and cash flow statements. Learn about deferred tax ...

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

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

A: Public companies provide piles of financial information to investors. But if you don't know how to read these documents or don't know what to look for, you can quickly get buried. Companies release ...

A statement of shareholder equity can tell you if your business is doing well or if it's time to fine-tune some of your ...

External audits focus on whether and how well a business's financial statements adhere to generally accepted accounting principles, or GAAP. The objective of GAAP is to standardize and regulate ...

Are you a bit confused by financial reports? If so, you're not alone. Many individuals and professionals review accounting statements, such as budget or other financial statements, and don't ...

Bank statements are the kind of paperwork that quietly piles up until a drawer will not close or a downloads folder turns ...

Financial statements are key to understanding the underlying drivers of a business—i.e., how your business is growing, what the margin profile is, how much cash it is generating and using and from ...

Learn how to prepare an up-to-date profit and loss statement, balance sheet and statement of cash flows. Many, or all, of the products featured on this page are from our advertising partners who ...

The Board of Governors and the Federal Reserve Banks annually prepare and release audited financial statements reflecting balances (as of December 31) and income and expenses for the year then ended.