Retained earnings are a saved portion of the company's profit that is not paid out to shareholders. Keeping a portion of profit back increases the amount of capital you have to expand your business or ...

Discover the differences, advantages, and drawbacks of single-step vs. multiple-step income statements for better financial ...

A cash flow statement is used to itemize a company's cash inflows and outflows from operating, investing and financing activities. It explains why the company's cash balance increased or decreased ...

Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

Learn what Net Income After Taxes (NIAT) means, how it's calculated, and see examples to understand this key financial metric ...