In April 2004, FASB and the International Accounting Standards Board (IASB) created a joint project on financial statement presentation. The project is part of the memorandum of understanding between ...

GASB Statement 63 renamed the statement of net assets to the statement of net position. The statement requires governmental fund balance sheets and both government-wide and fond statements of net ...

Financial statements comprise three important written records: the cash flow statement, the income statement and the balance sheet. Companies furnish financial statements to provide information on ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

Even sophisticated construction businesses can struggle to interpret their financial statements. In this industry, ...

Financial statements are financial data documents a company publishes on an annual, biannual, quarterly or monthly basis. These documents include the company's net worth based on assets and ...

Learn how to prepare an up-to-date profit and loss statement, balance sheet and statement of cash flows. Many, or all, of the products featured on this page are from our advertising partners who ...