There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a different aspect of the business.

Every business has an accountant who prepares financial statements on a regular basis. Management, creditors and stockholders use these statements to gauge the performance of the company and make ...

A global accounting standards body aims to revamp how companies present financial information to give investors a clearer picture of performance. The International Accounting Standards Board (IASB) ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

The way Indian companies present their profit and loss statements is set for a makeover, one that could provide investors with a clearer picture of what’s driving profits and where the money goes. The ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

KARACHI: The State Bank of Pakistan (SBP) has decided to amend the existing format of annual financial statements of banks and issued a new format for to preparation of annual accounts. In terms of ...

The Capital Market Authority (CMA) takes samples of the financial statements of listed companies annually to evaluate their compliance with the certified international accounting standards (IAS) ...

I was poking around this week to see if there is a standard format for generating mortgage bank financial statements. Over the past several years, we’ve visited over a 100 mortgage banks conducting ...