The scoreboard. Plain-English guides to reading, understanding, and validating your three core financial reports.
Statements
Get a clear balance sheet definition and understand its core components. Learn the fundamental accounting equation (assets liabilities equity) and essential balance sheet analysis techniques, including the debt-to-equity ratio, to assess financial health.
Statements
The indirect method cash flow statement reconciles net income to actual cash flow. Understand the cash flow statement componentsOperating, Investing, and Financingand learn how to prepare an indirect cash flow statement to ensure your business stays liquid and solvent.
Statements
Demystify your financials! Understand the crucial difference between the income statement vs balance sheet. Learn how to calculate net income vs net loss, and exactly where to find net income on financial statements to master your business's profitability.
Statements
Master the consolidated balance sheet. Discover the difference between consolidated and standalone balance sheet reporting, understand its key components, and learn how to prepare a consolidated balance sheet accurately by eliminating intercompany transactions.
Statements
Ensure balance sheet integrity by mastering the balance sheet substantiation process. Discover best practices and leverage automated account reconciliation software to overcome challenges in financial reporting and prepare for any balance sheet audit.
Statements
Understand the income statement, also known as the profit and loss statement. Learn the key income statement components, calculate gross profit formula, operating income, and net income. Compare the income statement vs balance sheet and review real-world examples.
Statements
Decipher the complex differences between IFRS vs GAAP income statement requirements. We detail the IFRS income statement format, software revenue recognition GAAP rules, and the use of non-GAAP financial measures to ensure accurate financial reporting.
Statements
Understand the critical GAAP vs IFRS balance sheet differences, from asset listing order to valuation methods. Compare rules-based accounting (GAAP) with principles-based accounting (IFRS) to master global accounting standards and balance sheet structure.
Statements
Discover how to prepare cash flow statement from balance sheet using the indirect method. We break down operating cash flow, explain all cash flow components, and provide a full indirect method cash flow statement example for accurate financial reporting.
Statements
Decode your company's financial DNA. Learn the core balance sheet components and the fundamental accounting equation. Master understanding assets liabilities and equity, the essential accounting principles for robust financial health.
Statements
Understand the true financial health of a company using the statement of cash flows. Explore the three core components of cash flow statement—operating cash flow, investing activities cash flow, and financing cash flow—and learn the direct vs indirect cash flow preparation methods.
Statements
Understand the core liabilities definition and how they relate to assets. Learn the different types of liabilities, including current liabilities, non-current liabilities, and contingent liabilities, using detailed liabilities in accounting examples.
