Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Accountants with businesses big and small normally compile financial statements each quarter. The statements paint a picture of all of the company's transactions. First, the company will record the ...

A business transaction, such as obtaining financing, often requires companies to provide financial statements that have been evaluated by an outside independent party. Accountants are outside parties ...

Navigating the path to becoming a publicly traded company is a significant milestone for any organization. As a micro-cap IPO advisor and investor, I’ve witnessed how the success of this transition ...

Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

Clarified and revised standards for compilations and engagements to prepare financial statements released Thursday create a bright line between accounting (preparation) and reporting (compilation) ...

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs’ Accounting and ...