Understanding the Balance Sheet, Income Statement, and Cash Flow Statement
The balance sheet shows what a company owns (assets), what it owes (liabilities), and what’s left for the owners (equity) at a specific point in time.
The balance sheet shows what a company owns (assets), what it owes (liabilities), and what’s left for the owners (equity) at a specific point in time.
Financial statements are reports that summarize a company’s financial performance and position over a specific period. The three main types of financial statements
The accounting cycle is a series of 8 steps that businesses follow to keep their financial records in order. Read to learn more about The accounting cycle.
Accounting is the process of recording, summarizing, and analyzing financial transactions. It helps you understand how money is being earned and spent.