The ending balance of a cash-flow statement will always equal the cash amount shown on the company's balance sheet. Cash flow is, by definition, the change in a company's cash from one period to the ...

Compared to the tight rules and requirements of financial accounting, managerial accounting can feel quite liberating. It's strictly for internal use, so any formula or calculation that tells you what ...

If you are making your own financial statements for a small business, it can be hard to determine where you need to report accounts. Inventory is a balance sheet account and it is an asset. It is an ...