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

If you own your own business or manage one for someone else, you can learn how your business performed in a given period by reviewing your company's financial statements. If you use the accrual method ...

How important are Safe Work Method Statements in managing risk in the workplace, and what should HR professionals know about them? We have all heard the phrase “recipe for disaster”, but what would ...

The statement of affairs method resembles your company's balance sheet in that it shows the company's net worth at a point in time. The statement of affairs method compares transactions at the ...

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 ...