The cash flow statement is one of the most important but often overlooked components of a firm’s financial statements. In its entirety, it lets an individual, whether they are an analyst, investor, credit provider, or auditor, learn the sources and uses of a company’s cash. In these cases, revenue is recognized when it is earned Read More …

Think of the recent SMS alerts for which banks have started charging customers. If you want an attested printed account statement some banks charge you a small fee. Whether you plan on managing your books on your own or plan on hiring an accountant, it is critical to understand how your income statements and balance Read More …