Financial statement audits are a routine part of closing your financial books. Audits help to ensure the accuracy of the accounting data used to compile the statements as well as the overall ...

Create and customize an income statement to fit your business's needs, then save, print or send. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

If your business has incurred a restructuring gain, accounting standards require a reporting of the gain on the period's income statement. A restructuring gain can be part of continuing operations, ...

You would be surprised how many entrepreneurs don't truly understand the financials of their business. Yes they are creating them out of Fresh Books or Xero, and they most likely focus on high level ...

In an effort to simplify its Accounting Standards Codification, FASB has combined its guidance for income statements and comprehensive income into one topic. Previously, FASB’s guidance on these ...

FASB is seeking comments on a proposed Accounting Standards Update (ASU) that is intended to provide investors with more decision-useful information regarding a public business entity’s expenses. The ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

Opinions expressed by Entrepreneur contributors are their own. A few times in my consulting and accounting career, I have had to explain very basic financial topics to seasoned business owners. I have ...