Budgeted Balance Sheet – Importance, Steps, Adjustments and More
A budgeted Balance Sheet is similar to a regular balance sheet and has the same line items as well. The only difference between the… Read Article
Financial Statements
Methods of Financial Statement Analysis – All You Need to Know
Financial statement analysis (FSA) means studying the financial statements of a company to get meaningful information for decision-making. External stakeholders also carry out financial… Read Article
Profit and Loss Statement
Introduction to profit and loss statementThe profit and loss statement is one of the three most important financial statements that reflect any Company’s performance… Read Article
Trial Balance vs Balance Sheet – All You Need To Know
A balance sheet and trial balance are two important reports of the accounting system. The balance sheet is one of the three financial statements… Read Article
Assets vs Liabilities – All You Need To Know
Even if you don’t have a business or accounting or financial background, you would have heard the terms assets and liabilities. These terms are… Read Article
Budgeted Income Statement – Meaning, Importance And More
Organizations always rely on comparative performance to understand where they lack and the places where they excel. A Budgeted Income Statement, a type of… Read Article
GAAP Financial Statements – Requirements, Benefits And More
Generally Accepted Accounting Principles or GAAP are basically the set of ten accounting standards set by the United States Financial Accounting Standards Board (FASB).… Read Article
Statement of Stockholders Equity – Format, Example and More
Statement of Stockholders Equity (or statement of changes in equity) is a financial document that a company issues under its balance sheet. The purpose… Read Article
Horizontal Analysis
Horizontal Analysis calculates the amount and percentage changes in financial figures from one period to another period of time. In other words, it compares… Read Article
Statement of Retained Earnings
What is the Statement of Retained Earnings?A statement of Retained earnings is an important financial statement that discloses the amount of retained earnings. Retained… Read Article
Classified Balance Sheet – Meaning, Importance, Format And More
The classified balance sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity & liabilities, and… Read Article