Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

The Balance Sheet represents the financial position of the University and Business Areas at a particular point in time. The Balance Sheets are represented as Assets, Liabilities, and Equity/Fund ...

Thinking about balance sheets isn’t the most exciting part of being a small business owner. However, if you want to position your business for growth or increase your cash flow, building a fortress ...

A balance sheet indicates a company's financial position on a specific date. The balance sheet contains a listing of a company's assets, liabilities and shareholder's equity. Assets are resources ...

2019 heralded the start of a financial reporting revolution, as new leasing standards came into effect-transforming company balance sheets across industries. The new guidelines require businesses to ...

Under pressure from banks and regulators, the Financial Accounting Standards Board has decided to reverse itself and postpone the effective date of an accounting rule that would have forced financial ...

Accounting rule makers agreed in principle Wednesday to require companies to add to the balance sheet most of the leases they use, a long-awaited move that could swell balance sheets by as much as $2 ...

The Financial Accounting Standards Board has made changes in two of its standards related to off-balance-sheet items to require companies to make more disclosures of special-purpose entities, and to ...

A sole proprietor often withdraws money from business profits. Because he likely does not receive a regular paycheck from the business, withdrawing business funds is how he pays himself for the work ...