Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...

The thing about a balance sheet is that even though there are two sides, you don't always have a transaction that changes both sides. Sometimes, it just affects one side, but the balance sheet ...

One of the most common accounting errors that affects a balance sheet is the incorrect classification of assets and liabilities. Assets are all of the things owned by a company and expenses that ...

Just as time and billing software can be considered a subset of practice management, trial balance is often thought of as a subset of write-up. That's because the ultimate product of these two ...

Spotting Creative Accounting On The Balance Sheet Mar 25, 2010, 03:33pm EDTJun 19, 2013, 04:45pm EDT ...

Although the aim of the International Accounting Standards Board’s (IASB) IFRS 16 and the US Financial Accounting Standards Board’s (FASB) ASC 842 is to create more transparency, leaders are ...

The balance sheet, income statement, and cash flow statement are foundational to the financial reporting of any company. Public companies are considered to be held to a higher standard because of ...