Small businesses that issue invoices or credits to customers must keep accurate records of their accounts receivable amounts. These amounts are future income on which the business relies to continue ...

[Asia Economy Reporter Minwoo Lee] Recent measures by financial authorities instructing commercial banks to increase their loan loss reserves are analyzed to have little accounting impact. Unlike loan ...

Reading the financial statements of a business helps with evaluating financial strength and stability. The balance sheet shows the financial condition of the business at a specific point in time.