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

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Assets, liabilities, owner's equity, revenue and expenses -- the five main elements of accounting -- each affect a financial statement differently. How each element affects a financial statement, ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

Even if accounting isn’t your forte, it’s important to understand accounting basics to run your business. Learn 11 tips for ...

A company may set its competitive sights high to make money and make more of it over time, but it must heed its accounting cycle to ensure personnel follow stipulations top leadership has established.

Credit losses represent a significant area of focus in financial statement audits. As economic conditions fluctuate and accounting standards evolve, auditors face increasing challenges in evaluating ...

New concept statements released Wednesday address financial statement elements and factors FASB should consider in developing accounting guidance. The statements are presented as new chapters of ...

Forensic accountants are financial detectives who investigate financial reports and documents, often in connection with legal action. Find out what it takes to become one.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. To understand the financial health of your business, ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

The accounting profession has experienced a transformative year in 2025, with changes that are reshaping how financial ...