Financial Statements

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How to Allocate Tricky Corporate Costs in Cost Accounting

When conducting cost accounting, each division should probably bear some of the cost of the company’s corporate headquarters. Why? Because without the work done by the divisions, there wouldn’t be a need [more…]

How to Read Financial Statements with Ratios

Instead of actually reading your way through the financial statements — that is, carefully digesting every line reported in all the financial statements — one approach is to compute certain ratios to extract [more…]

Tax-Deductible Expenses for Micro-Entrepreneurs

For tax purposes, micro-entrepreneurs can deduct “ordinary and necessary” expenses incurred on behalf of their business. An ordinary expense is any expense common to a particular type of business. An ordinary [more…]

Trading Shares – Who Does What?

After reading the financial pages thoroughly, you’re ready to get started on the business of buying shares. Now you need to know which professionals to use, and what for. This is what they do: [more…]

8 Important Things to Know about a Trust

Reading the financial pages, you’ll come across lots of mentions of trusts. Trusts are investment vehicles managed by city professionals. You give them your money, they add it to a pot with lots of other [more…]

Ways to Keep Yourself Disciplined as an Investor

When investing, you need to maintain some order in what you do. Reading the financial pages helps you get the info you need, and helps you learn what you need to do to keep disciplined. Key things to do [more…]

14 Essential Things to Know about a Company Share

Reading the financial pages lets you stay ahead of the game when it comes to making decisions on you share portfolio. Before deciding whether or not to buy a share in a company, you need to know the following [more…]

Reading the Financial Pages For Dummies Cheat Sheet (UK Edition)

Reading the financial pages gives you an intriguing snapshot of how the City works. You can develop your skill in reading the financial pages to allow you to invest with confidence, whether you’re looking [more…]

10 Differences between Some National Standards and IFRS

You've probably heard the phrase 'it wouldn't do for us all to be the same' – well that's as true for the world of accountancy as it is in real life. Many countries around the globe still use their own [more…]

Key Parts in an Annual Report

Annual reports can be daunting, and you may be relieved to know that you don’t actually need to scour every page of one. The following parts best serve to give you the big picture: [more…]

Key Securities and Exchange Commission Reports

Reports to the government are more extensive than the glossy reports sent to shareholders. Although many different types of forms must be filed with the Securities and Exchange Commission, you can get [more…]

Reading Financial Reports for Profitability Ratios

You read financial reports to get a sense of a company's financial position and how viable it is in the marketplace. You can test a company's money-making prowess using the following important formulas [more…]

Reading Financial Reports for Liquidity Ratios

If a company doesn’t have cash on hand to cover its day-to-day operations, it’s probably on shaky ground. Use the following formulas to find out whether a company has plenty of liquid [more…]

Reading Financial Reports for Cash Flow Formulas

You're interested in a company, so you're reading its financial reports. Part of the test of a viable operation is having enough cash to keep the company going. Use the following formulas to make sure [more…]

Reading Financial Reports For Dummies Cheat Sheet

If you're looking at a business with an interest in investing in it, you need to read its financial reports. Of course, when it comes to the annual report, you don't need to read everything, just the key [more…]

The Best Web Sources for Financial Report Research

Reading up on financial reports needs to become a daily routine for anyone who invests in the stock market. When companies release their financial reports, that can mean a major jump up or down in a stock's [more…]

Key Tools on the Web for Analyzing Numbers

When you're thinking of buying a stock, you want to quickly be able to determine how that stock is performing compared to others on the stock market. But you can't read financial reports in a vacuum. To [more…]

How Internal Financial Reports Differ from the Public Ones

Financial reports developed for internal use can vary significantly from what the public sees. Internal reports don't have to follow the strict rules of GAAP [more…]

Is One International Financial Reporting Standard Likely?

U.S. financial reporting standards are different than the reporting standards of every other country in the industrialized world. The U.S. is the last of the major financial players to adopt the international [more…]

10 Mobile Apps for Financial Report Readers

Plenty of apps on the market can help you get key company stock and financial information. Here are some of the best apps for reading financial reports [more…]

Financial Reports: How to Read the Income Statement for Gross Profit

The Gross profit line item in the income statement's revenue section is simply a financial reporting calculation of net revenue or net sales minus the cost of goods sold. Basically, this number shows the [more…]

What Kind of Financial Statements Do Partnerships Have to File?

The IRS automatically considers any business started by more than one person a partnership, and must report their finances as such. Each person in the partnership is equally liable for the activities of [more…]

What Kind of Financial Statements Do Limited Liability Companies Have to File?

A partnership or sole proprietorship can limit its liability by using an entity for financial reporting called a limited liability company, or LLC. First established in the U.S. about 30 years ago, LLCs [more…]

What Kind of Financial Statements Do Corporations Have to File?

Company owners seeking the greatest level of protection may choose to incorporate their businesses. The courts have clearly determined that corporations are separate legal entities, and their owners are [more…]

What Kind of Financial Statements Do Private Companies Have to File?

Private companies don't sell stock to the general public, so they don't have to report their finances to the government (except for filing their tax returns, of course) or answer to the public. No matter [more…]

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