Financial Statements

Financial Statements: What Are Financial Statements?

What Are Financial Statements Financial statements refer to the formal records that business entities - from corporations to proprietors -…

5 min read Aug 13, 2020

Accounting

What is the Accounting Cycle?

One of the most crucial components to ensure that your business runs smoothly is its 'money.' After all, money…

4 min read Jul 23, 2020

What is Multi Step Income Statement | A Complete Guide

Accounting

What is Multi Step Income Statement | A Complete Guide

In this article, we explain in details the definition of the multi-step income statement with examples, and also explain the type of business that uses the multi-step approach.

8 min read Jul 20, 2020

What are the 4 main Financial Statements?

Accounting

What are the 4 main Financial Statements?

Financial Statements are important reports that show the financial condition of a company. They show you where the money is at, where it came from and where it went.

3 min read Jul 17, 2020

What is an Income Statement and Why Is It Important?

Accounting

What is an Income Statement and Why Is It Important?

Everything you need to know about the income statement - from the definition of what income statement to the reasons why businesses need to prepare an income statement.

2 min read Jul 16, 2020

What Are the Different Types of Income Statements and How Are They Calculated?

Accounting

What Are the Different Types of Income Statements and How Are They Calculated?

There are two different types of income statement that a company can prepare such as the single-step income statement and the multi-step income statement.

2 min read Jul 16, 2020

Financial Statements