Preparing financial statements for a future public company is not just a compliance exercise; it’s an opportunity to demonstrate your organization’s credibility, transparency and growth potential.

Learn financial statement analysis techniques, including horizontal, vertical, and ratio analysis, to assess company ...

When it is time to bring in an external audit firm — perhaps because lenders, investors or a regulatory body triggered the need to audit your financial statements — preparation and responsiveness are ...

Understand financial statement assertions and what they mean in accounting and to investors.

A statement of retained earnings shows the changes in retained earnings over time, often a year. Retained earnings are profits leftover after paying dividends.

Preparing a financial statement is the last step in the accounting cycle before the cycle starts over in a new period. After the accounts have been adjusted and closed, the financial statements ...

How to Prepare a Divisional Income Statement. A divisional income statement is a summary of the financial performance of an operating unit within your larger business. It shows the profits or ...

Section 70, Preparation of Financial Statements, of Statement on Standards for Accounting and Review Services No. 21, Statements on Standards for Accounting and Review Services: Clarification and ...

Financial statements are written records of a business’s financial situation. They include standard reports like the balance sheet, income or profit and loss statements, and cash flow statement.

The AICPA's Accounting and Review Services Committee clarified a standard on financial statement preparation as part of a client advisory services engagement.

For example, if the firm is assisting with cash to accrual or conversion entries in addition to financial statement preparation assistance, threats to independence will be more significant.