Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

A balance sheet shows a company’s financial health at a specific point in time, its assets, liabilities and shareholders’ equity. Balance sheet is a critical financial statement that offers a snapshot ...

Too often, there is misalignment within organizations between the organizational mission statement, the operational reality, the actions of the board and executive team, and customers’ or stakeholders ...

Small business owners rely on financial accounting reports to make decisions across the company. Investors assess how much funding to offer, employees budget for projects, and leaders use these ...