If you have an open account with a financial institution, you’ll receive a statement for that account periodically. What is an account statement? In simplest terms, it’s a summary of the transactions ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Katrina Ávila Munichiello is an experienced editor, ...

A company's income statement shows how much money it brought in as revenue or sales, how much it spent on expenses, and how much profit or loss -- also called net income -- was generated for a given ...

A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management. A business bank statement is an official financial document ...

How Often Should You Review Your Brokerage Account Statements for Accuracy? When was the last time you read your brokerage account statement? For many of us, the answer may be "a while ago" or maybe ...

You probably have money invested in a 401(k) or IRA, but maybe you have no idea how to actually read your investment statements. There are a lot of confusing numbers and jargon that go into a ...

Explore OCBOA, a flexible non-GAAP accounting framework that includes tax-basis, cash-basis, and statutory accounting, offering an easier, cost-effective alternative for financial statements.

Have a question for Kevin Payne or our other editors? Ask here for a chance to be featured in a story. Submit your question This form is protected by reCAPTCHA ...

A company may invest in another private or publicly traded company. The accounting for this investment depends on the level of control of the parent company in the subsidiary. The consolidated method ...

The International Accounting Standards Board published a consultation document Wednesday with eight proposed illustrative examples showing how companies could apply International Financial Reporting ...

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

Clicking the "Print Statement" button will open a new window, displaying a PDF version of the requested Statement of Account. Please temporarily disable pop-up blockers. The Date column for "Tuition, ...