Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

How they work How balance sheets work. A balance sheet is a financial statement that shows a business's current financial state and calculates the book value, or investors' equity, in the company ...

Financial statements are essentially the report cards for businesses. They tell the story, in numbers, about the financial health of the business. The information found on the financial statements ...

Running a business involves complex financial management that requires a well-organized cash flow system for long-term ...

Financial forecasting allows you to measure the progress of your new business by benchmarking performance against anticipated ...

Additional details on the insurance service revenue - issued business, hereinafter referred as "Insurance service revenue", are included in Note 1.3. Insurance contracts issued starting on page 64 ...

Natalya Yashina is a CPA, DASM with over 12 years of experience in accounting including public accounting, financial reporting, and accounting policies. Amanda Bellucco-Chatham is an editor ...