Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

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

Closing a company’s books and reporting the results has always been a painstaking, detail-oriented, and thus time-consuming process. It’s what experts refer to as a time suck. The outcome, obviously, ...

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 ...

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 ...

The objective of the reporting phase of a financial audit is to present an informed opinion about a business's financial statements, including whether they conform to generally accepted accounting ...