External reporting requirements ensure transparency between publicly traded companies and their owners. Let’s walk through the required reporting, supplemental reporting, and finance’s role in the process.
Unravel the mysteries of year-end reporting with our easy, step-by-step guide. We’ll walk you through everything from financial statements to payroll and taxes, ensuring your small or medium business finishes the year strong.
Accruals, a core component of US GAAP, are journal entries used to recognize revenue or expenses in the period they were earned.
Reading a financial statement is like reading a book about your business’s financial story. It involves understanding the three main components: the income statement, the balance sheet, and the cash flow statement. The income statement tells you how much profit (or loss) you’ve made over a period, the balance sheet shows what you own (assets) and owe (liabilities), and the cash flow statement tracks your cash inflow and outflow.
Closing the books is a critical accounting function to ensure accurate and timely records. Let’s walk through why the books need to be closed, the steps involved, and Finance’s role in the process.
Dive into our in-depth guide on Accounting Principles. Whether you’re a corporate finance professional, small business owner, or a curious mind, we unravel the complexity of accounting with clear language, relatable analogies, and a dash of humor. Discover practical advice and tools to empower your financial journey and drive success in your business.
As finance professionals, we often hear the same accounting topics come up day after day. This recurring series will help bring you up to speed on accounting. Today’s topic: What is ASC 842 (lease accounting)?
Get ready to decode ASC 606 with clarity and confidence. Our informative, approachable guide simplifies these revenue recognition standards, making them accessible for everyone. From personal anecdotes to expert advice, we’ve got all you need to navigate ASC 606 like a pro.
Are you an accountant, business owner, or FP&A professional looking for an easier way to calculate MACRS depreciation?
We have the perfect solution for you! Our Ultimate Guide on Calculating MACRS Depreciation in Excel will show you how to quickly and accurately calculate your depreciation expenses. It’s easy-to-follow instructions make it simple to understand, even if you don’t have any prior experience with Excel.