Businesses can hide both assets and liabilities off the balance sheet so that they are not reflected in accounting book value. Accounting rules are designed to give the best estimate of ...

Learn about the components of a company balance sheet—aka the statement of financial position—and how it relates to other financial statements.

IMGCAP(1)]A major financial reporting and accounting deficiency needs our long-overdue attention: the failure to reflect the value of human capital as an asset on a firm’s balance sheet. Admittedly, ...

I have seen firms that use time sheets provide staff evaluations based on total chargeable hours, the ratio of chargeable hours to total hours, realization based on their time charges and sometimes ...