Learn where raw material costs appear on financial statements and their impact on businesses. Get insights on tracking costs in the income statement effectively.

Financial ratios are calculations that compare two (or more) pieces of financial data that are normally found in a company's financial statements. Ratios can be invaluable to investors making ...

Learn how XBRL enhances financial data sharing globally, utilizing XML for standardized accounting information exchange crucial for investors and businesses.

Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

In the rapidly evolving landscape of financial analysis, using new AI tools is becoming essential for staying ahead of the curve. Copilot, a groundbreaking AI-powered tool from Microsoft powered by ...

A few times in my consulting and accounting career, I have had to explain very basic financial topics to seasoned business owners. I have talked to VPs of billion-dollar companies that didn’t ...

GASB issued a concepts statement to guide the board when establishing note disclosure requirements for state and local governments — part of its response to research reexamining existing note ...

About one-quarter of the world’s central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the ...

Here’s a list of financial tasks on a monthly, quarterly and annual schedule to help keep your finances on track.

Financial leadership is no longer a “nice to have” skill. The leaders who thrive will be the most financially fluent.