Depreciation is a core accounting concept that helps match the cost of long-term assets with the revenue they generate. Instead of...

When it comes to evaluating a company’s financial performance, few tools are as powerful as ratio analysis . Ratios distill complex...

Most small organizations start off with cash basis accounting  — it’s simple, intuitive, and tracks the money as it moves in and out. But...

When we think of accounting in the U.S., the GAAP accrual basis framework  usually comes to mind. It’s the standard for most businesses,...

If you’ve ever wondered how fair value  differs from fair market value  or intrinsic value , you’re not alone. These terms often get used...

In financial reporting, the numbers on the balance sheet don’t always tell the whole story. Some events occur after the balance sheet...

Financial statements tell an important story about a company’s performance and position. But that story would be incomplete without the...