Understanding the Foundations of Accounting Practice and Financial Reporting
A periodic report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding, highlighting the financial health of a company's customers.
An entry in a company's general ledger to record unrecognized income or expenses for the period.
Extraordinary items consist of unusual and infrequent gains or losses that companies disclose in their financial statements.
Learn all about the Form 1099-MISC and its role in reporting miscellaneous income.
Understanding the Framework That Keeps Auditors on Their Toes!
An analysis section in a company's annual report
A blend of cash and accrual accounting that aims to provide a clearer financial picture while keeping costs down.
Negative Assurance in Audit and Financial Reporting
Overview of OCBOA, its applications, and comparisons with GAAP
A friendly guide to the SEC Schedule 13G – understanding ownership disclosures with a sprinkle of humor!
An unqualified opinion is a clean bill of health for financial statements from independent auditors.
