What is a financial model? A financial model is simply a tool that’s built in…

Definition:  Financial reporting refers to the communication of financial information, like financial statements, to the financial…

General-purpose financial statements are issued throughout the year to aid investors and creditors in their…

Financial ratios are mathematical comparisons of financial statement accounts or categories. These relationships between the…

The Statement of Cash Flows (also referred to as the cash flow statement) is one of…

Introduction to Chart of Accounts A chart of accounts is a listing of the names…

There are several types of accounting that range from auditing to the preparation of tax…

The field of accounting is often thought of as a set of complex business rules…

Definition:  The Financial Accounting Standards Board or the FASB is an organization created to establish…

What are Accounting Principles? Definition:  Accounting principles are the building blocks for GAAP. All of the…