The income statement is one of the financial statements which we as investors, managers, operators, and employees should all understand. Without a profitable business, we wouldn’t be in business at ...

In the “Understanding Financials: Your Income Statement” column, we learned that the accrual-basis method of accounting is based on the economic activity of the business, and that this preferred ...

These days, the rate of change in business is accelerating. Alongside this, it is becoming even more necessary to grasp financial principles if a company is to enjoy long-term success. Financial ...

Financial literacy allows business owners to make well-informed decisions. By understanding financial statements and key performance indicators, owners can assess their company's health and make ...

Staying on top of your financials is critical to keeping your company afloat. However, the process can be intimidating for those unfamiliar with accounting and financial reports. Not to worry, as you ...

Education and income emerge as strong predictors of both actual knowledge and confidence. Individuals with higher educational ...

Opinions expressed by Entrepreneur contributors are their own. There are several reasons why Americans may lack in financial literacy. That is why I decided to write the financial literacy book ...

More than just paperwork, audited financial reports show that the numbers for your business add up. Knowing what goes into an audited statement and why it matters can help you gain confidence with ...