Accruals Explained: How Accrual Accounting Works with Examples

Discover how accruals affect company finances, with insights into the accrual accounting method, its applications, and examples illustrating its principles.
Mint

Warren Buffett on why he prefers looking at company balance sheets over income statements: ‘Harder to play games, hide'

Unlike Wall Street, Berkshire Hathaway's Warren Buffett pays more attention to a company's balance sheet over a 10-year period, instead of its income statements, as it is harder to play games or hide ...
Forbes

Profit And Loss Statement: Definition, Uses, And P&L Statement Example

Editor’s Note: This post is focused on helping you understand profit and loss statements. This financial statement is used by most small business owners to help assess business profits and losses ...
thestockdork

Cash Flow Statements Explained: A Simple Guide for Beginners

You’re not alone if you’ve heard the term cash flow statement and felt a little unsure about what it really meant. Many new investors see it listed beside the balance sheet and income statement but ...
Investopedia

Understanding Consolidated Financial Statements: Key Requirements and Examples

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
thestockdork

How to Read a Company’s Income Statement (Beginner’s Complete Guide)

What Is an Income Statement? An income statement, sometimes called a profit and loss statement or P&L, shows how much money a company made and spent during a specific period, usually a quarter or a ...
Bloomberg L.P.

Reeves Drops Income Tax Increase Plan, Spurring Selloff in Gilts

Chancellor of the Exchequer Rachel Reeves has dropped plans to raise the headline rates of income tax in the coming UK budget, prompting a sharp selloff in gilts as investors questioned how she could ...
The New York Times

Cuomo Earned Almost $5 Million Consulting. He Won’t Name His Clients.

Most of Andrew Cuomo’s income came from Innovation Strategies, a company created for his consulting work before he ran for mayor of New York City, a review of his tax returns showed. By Nicholas ...
Entrepreneur

Using Income Statements — These 6 Numbers Will Tell You If Your Business Is on Track

You don’t need to be a CPA to understand your company’s financial health. You just need to know where to look. That starts with the income statement—also known as the profit and loss (P&L) ...
Naija Gist - Latest

PULSE EXPLAINER: How to use Nigeria’s new personal income tax calculator—with practical examples

The President Tinubu-led administration has introduced a new personal income tax calculator to help workers and business owners easily determine how much tax they should pay. In this explainer, we ...
PBS

Family planning clinics lose Title X funding over statements supporting DEI

For more than 50 years, millions of federal dollars in Title X grants have funded clinics that offer free or discounted family planning services to mostly low-income Americans. In April, the Trump ...