Discover how pro-forma forecasts work, their benefits, and limitations. Learn to leverage these financial predictions using income statements, balance sheets, and cash flows.

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

Mesabi Trust faces halved royalty income despite stable iron ore prices. Learn how new arbitration and legal outcomes could ...

Revenue and income are also prominent fixtures in tax forms filed with the IRS, as well as in company strategies for ...

In most cases, business credit card rewards aren’t taxable. The IRS generally treats rewards earned through spending as ...

Start by looking at cash flow from operations, the section that tells you how much money the company’s main business is ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

The Cash Flow Statement is a secret weapon for analysts and investors, a way to see through the accounting tricks companies ...

That personal branding statement you’ve agonised over? The one on your LinkedIn profile? It’s probably not working. In fact, it might be actively harming your business. I’m talking about sentences ...

You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...

Contra accounts adjust asset values, like equipment depreciation reducing fixed assets. Increased allowance for doubtful accounts may signal rising uncollectable receivables. Companies use contra ...