Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholder's equity. A balance sheet is a type of financial statement. It gives you an ...

The balance sheet is a snapshot of a company's financial position at a particular time. Balance sheets are typically prepared monthly, quarterly and annually, but you can prepare one at any time to ...

The link between a balance sheet and an income statement is obvious, but it's also tricky. The more income your business earns, the more value should show up on its balance sheet. But the calculations ...

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 ...

Learn to report contingent liabilities under GAAP. Understand probability categories—probable, possible, remote—and how to ...

The new lease accounting standard caused lease liabilities for the average company to increase a whopping 1,475 percent, skyrocketing from $4.4 million before the transition to $68.9 million post ...

In the previous issue, we republished a column from 2008 to help readers who might be confused or even baffled by the massive paradigm shift contained in the recent lease accounting exposure draft ...

For February 27, my forensic accounting needle in a haystack comes from an airline that early adopted a new accounting standard related to its operating leases. Analyst Peter Apockotos found an ...

In February 2016, the Financial Accounting Standards Board issued an update known as ASC 842 that, among other changes, brings most leases onto the balance sheet. Now, all of a company’s operating ...

Move, according to Treasury, aims to consolidate assets and liabilities into a single balance sheet to enhance transparency ...

Master the art of crypto accounting! Learn how to handle crypto gains and losses on your balance sheet to stay tax-compliant and organized. Properly accounting for crypto assets on your balance sheet ...