There are four key financial statements your company may have: a balance sheet, income statement, cash flow statement and statement of owners' or shareholders' equity (retained earnings).

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair ...

and minimize their taxes. olm26250/Getty Images Financial statements are like a report card for a business. They highlight a company's health and financial wellness through numbers like income and ...

In total, all public companies must prepare financial statements for external reporting purposes four times each year. Penalty for Failure to File Corporate Tax Return. If you're responsible for ...

Am I still required to submit an audited financial statement? As long as your annual gross revenues do not exceed P3 million, you are qualified for optional 8% income tax and required to use BIR ...