A balance sheet indicates a company's financial position on a specific date. The balance sheet contains a listing of a company's assets, liabilities and shareholder's equity. Assets are resources ...

A balance sheet is often referred to as a "statement of financial condition" or a "statement of financial position." It is issued by a business or entity along with other financial statements, such as ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

The ending balance of a cash-flow statement will always equal the cash amount shown on the company's balance sheet. Cash flow is, by definition, the change in a company's cash from one period to the ...

Financial statements are essentially the report cards for businesses. They tell the story, in numbers, about the financial health of the business. The information found on the financial statements of ...

A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business. A basic tenet of double-entry ...