When you apply for business funding, lenders and investors want to ensure they won’t lose money on your venture. That’s why bringing detailed financial statements to your pitch meeting is crucial.

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 ...

What Else Do Financial Records Include? Other than the most common line items found in financial statements, investors can also read the lesser known items, such as the footnotes, which often contain ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As the chief operating officer at a firm specializing in financial and accounting services, ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

All publicly traded companies are required to release financial statements quarterly so investors can get a sense of how the business is doing. There are three main financial statements investors ...

An income statement is a financial document that details the revenue and expenses of a company. Some investors and analysts use income statements to make investing decisions. The income statement, ...

In May 2020, the US Securities and Exchange Commission announced amendments to the rule and forms regarding the financial statement requirements for business acquisitions and dispositions. Among other ...

Under existing SEC rules, when a registrant acquires a “business” (other than a real estate operation) that is “significant,” Rule 3-05 of Regulation S-X generally requires the registrant to provide ...

As the bridge between a nonprofit‘s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency, demonstrate ...