Charities blend nonprofit missions with for-profit strategies for clarity in financial reporting. Understanding the statement of activities helps track net assets in charities. Calculate a charity's ...

A company's income statement is often called by another name--the bottom line. An income statement is useful for an investor looking to determine a business' earning potential and likelihood of future ...

Whether you're selling web design services or tacos, your sales revenue may not be your business's only source of income. The gain from selling assets can be another income stream, but mingling it ...

Some real estate assets and liabilities were affected by Statement no. 157 sooner than others. For all financial assets and liabilities as well as all nonfinancial assets/liabilities that are ...

TO PROVIDE BUSINESSES WITH GUIDANCE ON WHEN and how to recognize a liability for asset retirement obligations, FASB issued Statement no. 143, Accounting for Asset Retirement Obligations. The statement ...

Until recently, lenders have taken a “less is more” approach to collecting asset documentation, and understandably so. The process of requesting, reviewing and (often) re-requesting statements can be ...

Discover how amortization and impairment affect intangible assets such as patents and goodwill, and understand their impact on a company's balance sheet.

Charities and other nonprofit organizations are known best for the charitable causes they serve, but increasingly, they are using strategies and techniques borrowed from the for-profit business world.