ASC 230 and IAS 7 are provided guidelines for the preparation of cash flow statement prescribed by US GAAP and IFRS, respectively.

At the point where total revenues and total cost becomes equal, this phenomenon is known as Break-even analysis.

Ratio Analysis is broadly categorized into four main types; Liquidity Ratios, Activity Ratios, Profitability Ratios, & Leverage Ratios.

Prepare Balance Sheet in 8 Easy Steps The most crucial thing is to balance it when we are talking about how to …

You know you can prepare your income statement in just a click. In AD’s income statement template, you just have to put your figures and you will get your income statement in a minute.

The current ratio of a company identifies the ability of a company to pay its short-term financial obligations.

Preparing an income statement requires 8 steps: Calculate Net Sales, Calculate COGS, Calculate Gross Profit, Calculate Operating Expenses, Calculate Operating Income, Calculate EBIT, Calculate EBT and Calculate Net Income.

Account receivable turnover indicates how many times you receive payment for your credit sales or convert it into cash in a given period.

𝐔𝐧𝐞𝐚𝐫𝐧𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐖𝐡𝐞𝐧 𝐈𝐭 𝐁𝐞𝐜𝐨𝐦𝐞 𝐄𝐚𝐫𝐧𝐞𝐝? The questions like what is unearned revenue? How to calculate it and recognize it? When is …

Is Petty Cash An Expense Account or Asset Account? Petty Cash is not an expense account, it is an asset account.