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

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

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

Analyzing your financial reports should go beyond looking at bottom-line numbers if you want to get the truest picture of how your spending is affecting your profits. Just because an expense doesn't ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement. They ...

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 ...