Arrive at the total financial gain or loss by adding the sums in the various categories of the income statement. For example, a business has gains of $15,000 and $12,000 in different categories ...

The Definition of a Non-Financial Model. A business model in essence is a description of the results the business wants to achieve, and how the business intends to achieve those results. Most ...

Financial consultants are often hired by high-net-worth clients. These consultants typically work with complex financial situations. They may advise on investments, property holdings and long-term ...

While the basics of accounting haven’t changed in over 500 years, the practice of bookkeeping has. Bookkeeping was once done manually using actual books called journals and ledgers.

Fund accounting is a bookkeeping system. It is used by nonprofit and government organizations to focus on accountability for how they spend resources provided by donors or taxpayers that are ...

Norwalk, Conn. — In a continuing effort to quickly converge at least a few U.S. standards to international standards, the Financial Accounting Standards Board is hammering out a proposal on liability ...

Other current liabilities are debt obligations that are coming due in the next 12 months, and which do not get a separate line on the balance sheet.

Special Considerations This accounting treatment changes some important financial ratios used by analysts. For example, analysts use the ratio of current liabilities divided by total debt to ...

A chartered financial analyst, or CFA, is someone who has completed the CFA Institute's CFA Program, acquired the program's experience requirements, and passed the rigorous three-part CFA exam to ...