Businesses create financial statements to communicate the financial state of the business. The accountant prepares the financial statements on an accrual basis or on a tax basis. Accrual basis ...

Now more than ever, due to our current economic environment in the grain industry, it is vital we complete a year-end balance ...

Cash-method and accrual-method accounting, also known as cash-basis and accrual-basis accounting, are the two main accounting systems. They differ in the point at which a transaction is recognized and ...

Two sets of financial statements for a company that cover the same time period can both be technically correct yet display dramatically different values. The key to effective financial discovery means ...