Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

A financial statement that lists the assets ... Accounts receivable is the income derived from credit accounts. For the balance sheet, it's the total amount of income to be received that's ...

The cash flow statement and the income statement, along with the balance sheet, are the three main ... including noncash accounting, such as depreciation over a period of time.

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow. The first ...

A closing entry is a journal entry made at the end of an accounting period. It involves shifting data from temporary accounts on the income statement to permanent accounts on the balance sheet.

how the balance sheet and income statements are laid out, and how debts are treated. Another key difference between the two accounting standards relates to the revaluation of assets: GAAP does not ...

Most companies report their dividends on a cash flow statement, in a separate accounting summary ... you can calculate dividends using a balance sheet and an income statement.

Service revenue is reported on the income statement under operating revenues, reflecting earnings from core business ...