Many small businesses start off strong with a solid business plan, an impressive product, sufficient funding and a growing customer base. Then, somewhere along with the way, the business stalls, ...

(Session 11): Furnish, as a separate exhibit of your starting balance sheet and projected income statements for the first six months to one year. (Session 11): Provide a separate exhibit of your one ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Goodwill is an accounting measure of a business's popularity and strength in its market. While goodwill's value on a company's books may be decreased due to market conditions, the only way this asset ...

Net income and free cash flow are related but are not the same measure. Net income represents a company's accounting profit, whereas cash flow presents whether a company's cash balance increased or ...

Complementing the balance sheet and income statement, the cash flow statement, a mandatory part of a company's financial reports since 1987, records the amounts of cash and cash equivalents entering ...

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 ...

Service accounting and product accounting refer to the practices businesses use to record and track the professional services and tangible goods they buy and sell, respectively. While service ...