Every entrepreneur is in business to do something -- sell shoes, paint houses, make signs or give legal advice, for example. Operating activities is simply the accounting term used to describe your ...

Operating profit is the profit a firm receives from its normal business activities. For example, a soft drink manufacturer's operating profits would be derived mostly from sales of soft drinks, as ...

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.

Some business owners are tempted to leave their balance sheets to their accountants, but it is important for leadership to understand how to read their balance sheets in order to keep an eye on their ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...

A balance sheet provides a snapshot of a company's assets, liabilities and equity at a specific point in time, while an income statement summarizes its revenues and expenses over a period to show ...