Businesses create financial statements to communicate the financial state of the business. The accountant prepares the financial statements on an accrual basis or on a tax basis. Accrual basis ...

Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...

Most businesses handle their accounting on an accrual basis. What is accrual basis accounting? It’s the practice of recording transactions at the point of origination, even if no money changes hands ...

Private business owners need to understand the difference between cash and accrual accounting methods to accurately interpret their company's financial health. LONG ...

While the primary goal of every business owner is to increase revenues, the goal of the company's accountant is to ensure that the revenues are recognized, or recorded on the company's books in the ...

Get ready for some hard work if you expect to need bank financing to expand your business in 2001. The economy seems to have slowed across the board, making it a good bet that small business will find ...

The statements used in financial accounting cover the five main classifications of financial data or financial accounts, which are: Revenues and expenses are accounted for and reported on the income ...

A successful small business needs a CEO that understands some basics about financial management. As a starter, whether or not you personally handle your small business's bookkeeping, there are some ...

We examine the financial reporting practices of small privately held businesses that are not subject to SEC regulation. Specifically, we determine the factors associated with the production and use of ...

Accountant general Andreas Antoniades told the House public expenditure committee this week that the treasury plans to introduce accrual accounting for revenues and expenses, on an unofficial basis, ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...