Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Discover how companies report long-term debt in their financial statements, listed under long-term liabilities on the balance sheet.

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. To understand the financial health of your business, ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

The Governmental Accounting Standards Board is changing the term "Comprehensive Annual Financial Report" to "Annual Comprehensive Financial Report" because the abbreviation is often pronounced the ...

About the author: Martin E. Persson is an assistant professor of accountancy at the University of Illinois at Urbana-Champaign and a public voices fellow through The OpEd Project. At the president’s ...

The Securities and Exchange Commission is making extensive changes in auditing and accounting as it continues to deregulate ...

The government plans to merge the ICDS and IndAS accounting standards by FY27 to reduce litigation and the dual-reporting ...

With five years of experience as a writer and editor in the higher education and career development space, Ilana has a passion for creating accessible, relevant content that demystifies the higher-ed ...

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...