The balance sheet is one of three common financial statements businesses use to provide information to outside stakeholders. Publicly-traded corporations are required by federal law to submit a ...

A balance sheet is a versatile document that offers a snapshot of a company's or individual's finances at a given point in time. Businesses can use balance sheets to develop plans for the future and ...

Running a successful business requires a lot more than showing up at the office and promoting your products or services. Successful small business owners understand that always knowing where their ...

Financial statements are essentially the report cards for businesses. They tell the story, in numbers, about the financial health of the business. The information found on the financial statements of ...

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. With over a decade of editorial experience, Rob Watts ...

Joseph Nguyen is a contributing author at Investopedia and a research analyst with experience at a securities brokerage firm. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...

How to Read Financial Statements: A Practical Guide for Understanding Numbers Your email has been sent Learn how to read financial statements with simple tips that help you spot trends, connect ...

The Financial Accounting Standards Board (FASB) introduced a new accounting standard (ASU 2016-02) that requires companies to recognize operating lease assets and liabilities on the balance sheet. My ...

As of June 30, Bank of America's (BAC 0.23%) balance sheet was home to over $2.1 trillion in assets. That figure would rank as the world's eighth largest economy by GDP, just behind Brazil and ...