Inventory errors affect your company's bottom line by painting an inaccurate picture of its financial performance and net worth. When mistakes are made in counting inventory, you don't get an accurate ...

Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.

Discover why IFRS prohibits LIFO accounting, including issues like distorted financials, outdated inventory values, and ...

Even though the income statement normally attracts the most attention from investors, the balance sheet is the true starting point for understanding a company’s financial position. It shows how much a ...

Small business owners spend considerable time soliciting customers and managing employees. But the long-term objective is to make a profit and grow the company. A major responsibility of the manager ...

A balance sheet is a financial document that presents the financial status of a business through an accounting of a company’s assets, liabilities, and equity. A balance sheet, when looked at with a ...

HAVE YOU EVER sat in your tax accountant's office for your annual review of your tax return and heard this somewhat common good news/bad news story? He'll say the good news is your sales are up and it ...

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 ...

If you’ve ever looked at a balance sheet and immediately wanted to slam your laptop shut, you’re not alone. Most business owners don’t come from accounting backgrounds, and the sheer volume of numbers ...