How to Quickly & Effectively Read an Annual Report

Benton Co. has compiled the following account balances from its general ledger on August 31, [...]

Income vs Revenue vs Earnings Definition, Profit

Consider avenues in which you received compensation in return for something, whether it was time [...]

2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers Internal Revenue Service

Similar to revenue, net income appears on the company’s income statement. Due to this reason, [...]

The Best Income Generating Assets for Your Portfolio

Until a few years ago, the only way to invest in real estate with small [...]

Capital Lease vs Operating Lease under ASC 842

A restaurant needs power to ensure it can operate during outages and not have food [...]

What is a current liability?

Content Why do investors care about current liabilities? Types of Current Liabilities Current Portion of [...]

Statement of Financial Position: Importance and Format by Anas Khan

Continuing with Bob and his donut shop example, we can see how his statement of [...]

What Is a Statement of Financial Position? And Why It Matters to Your Business

Save the Children has made a wise decision to include a statement to address these [...]

Depreciation of Business Assets

Content Item 3: OTHER CAPITAL EXPENDITURES IFRIC 23 — Uncertainty over Income Tax Treatments How [...]

Xero vs Quickbooks vs Freshbooks: Best Software for Your Business

They are both strong options for freelancers and small teams. There are a couple of [...]