An event in accounting is the occurrence of income or expenditures. Although the cash method records these events when cash changes hands, the accrual method records these events when they occur (such ...

General accepted accounting principles (GAAP) recommend that businesses use an accrual method of accounting. This means that the income statement reflects expenses and income earned but not yet ...

The International Accounting Standards Board has embarked on a research project to review and improve the requirements for the statement of cash flows and related matters in International Financial ...

Forbes contributors publish independent expert analyses and insights. Melissa Houston covers financial issues that affect women in business. Many business owners get anxious about their business ...

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 of ...

With the right systems in place, small business owners can reposition cash flow management from a constant stressor to a ...

Cash flow is, understandably, one of a company’s most significant concerns. To stay on top of this vital financial metric, business owners rely on accurate, consistent cash flow statements. These ...

Cash is what keeps your business functioning. You obviously need profit, but equally as critical is your cash flow. It’s important to know the financial health of your business, which is why you need ...

Use this sheet to keep track of the money coming in and going out of your business. What makes up a cash flow statement The difference between profits and cash on hand The cash flow statement monitors ...

If there is any unfortunate thing about investing, it's that no investment can be made with perfect information. Not only are markets forward-looking, but accounting leaves a lot to be desired.

A cash flow statement is a financial document that provides data on the cash a company receives and pays out over a specific period. The combination of these elements is called net cash flow, making ...