Among the important characteristics of accounting information is the clarity of the financial data being reported and evaluated by owners and managers. Sometimes, a few simple numbers may paint the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...

Accounts payable is the term used to describe the unpaid bills of a business; the money owed to suppliers and other creditors. The sum of the amounts owed to suppliers is listed as a current liability ...

If your S Corporation is large enough, you may need to complete a Schedule L on the tax return. The Schedule L is a two-year comparison of the company balance sheet according to the accounting records ...