Hi, I'm Dominique Broadway, financial planner and personal finance coach. I'm going to talk about the five elements of a financial statement. Financial statements are used to provide financial ...

Financial statements are used to report the profitability and financial stability of a company. To create a company's financial statements, information on revenues, expenses, assets, liabilities and ...

It may seem belated, but the Governmental Accounting Standards Board has just recently gotten around to defining such fundamental accounting concepts as "asset" and "liability."It has also defined a ...

GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition ...

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework that defines 10 elements of financial statements. The proposed chapter, Concepts Statement No. 8, ...

A: Public companies provide piles of financial information to investors. But if you don't know how to read these documents or don't know what to look for, you can quickly get buried. Companies release ...

New concept statements released Wednesday address financial statement elements and factors FASB should consider in developing accounting guidance. The statements are presented as new chapters of ...

Navigating the path to becoming a publicly traded company is a significant milestone for any organization. As a micro-cap IPO advisor and investor, I’ve witnessed how the success of this transition ...

J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to 10+ years of experience as a finance writer and book editor. Andy Smith is ...

If you’re a high-net-worth individual (HNWI) or on the path to becoming one, having a clear understanding of your personal finances is critical. Managing wealth effectively requires more than just ...