A comprehensive annual report filed by publicly-traded companies detailing their financial performance.
The process of recording, summarizing, analyzing, and reporting financial transactions for businesses
Accounts Receivable is the balance of money due to a firm for goods or services delivered but not yet paid for by customers.
Accruals are revenues earned or expenses incurred that haven't yet involved cash transactions, impacting a company's net income.
An entry in a company's general ledger to record unrecognized income or expenses for the period.
A humorous exploration of the serious business of auditing financial statements, complete with fun definitions and comparisons.
A professional responsible for reviewing and verifying the accuracy of financial records.
An auditor's opinion is a certification that accompanies financial statements.
A humorous guide to understanding auditor's reports and their significance in the financial world.
Branch accounting is a strategic bookkeeping system that keeps track of individual branches’ financial performance while fortifying the oversight of organizational health.
Understanding Cash Flow and Its Importance in Financial Statements
Understanding Cash Flow from Operating Activities — the lifeblood of your business!
A complete view of a company's income beyond net income, including unrealized gains and losses.
The art of combining financial statements and companies into one harmonious entity, because who doesn't want to share resources and liabilities?
Contingent Liability: The Future's ‘Maybe’ that Impacts Today’s Accounts
A slang term for accounting tricks that inflate financial results and make companies look more profitable than they really are.
COGS - The Nuts and Bolts of Your Company's Profitability
The total cost of manufacturing and delivering products or services to consumers.
An accelerated depreciation method that records larger expenses initially and smaller ones later.
Understanding the Direct Method in Accounting
Earnings refer to a company's after-tax net income, an essential determinant of a firm's financial health and market value.
A humorous yet insightful look at the accounting sleight of hand called Earnings Management.
