Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Discover the key differences between accountants and financial planners, focusing on salaries, required education, career skills, and job market outlooks.

Compare how advisors and accountants differ in services, credentials and fees so you can choose the right expert for your financial needs Written By Written by Staff Money Writer, WSJ | Buy Side Molly ...

Brette Sember is a retired attorney who has been writing and editing law and legal topics for more than 25 years. She is the author of more than 40 books, is a nationally recognized expert on divorce ...

Accounting principles help hold a company’s financial reporting to clear and regulated standards. In the United States, these standards are known as the Generally Accepted Accounting Principles (GAAP ...

While large corporations and publicly traded companies must follow the financial accounting, small businesses have the choice of using either the financial accounting method or the tax accounting ...

Tax accounting is a critical field that focuses on preparing and analyzing tax payments and returns. It differs from other accounting fields in that it is guided by specific tax-related provisions set ...

Break-even analysis, or calculating the break-even point, is useful for business or personal finances. While the underlying premise of accounting and financial break-even points are the same, the ...

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the ...

An update from the Financial Accounting Standards Board concerning capitalizing software is on the way. The new pronouncement, ASU 2025-06, ...