Comparison of the accounting and tax treatment of interest expense may reveal crucial differences and lead to best practices ...

Interest expense is a general term used to describe the cost of borrowing money. It can have slightly different meanings depending on the context, but in corporate finance, interest expense is ...

An accrual has occurred but has not yet been paid for. This can include work or services that have been completed and considered accrued expenses. Interest that has been charged or accrued but not ...

What is a Balance Sheet? Recall that a balance sheet is a financial snapshot which shows the current health of the business as measured in terms of its assets and liabilities. Assets include items ...