Although the basics of an income statement are the same from business to business, there are notable differences between services, merchandisers, and manufacturers when it comes to the accounting ...

Future accountants should be as proficient in performing variance analyses and using data visualization software as they are with general ledgers.

A good accounting system meets three criteria ... Obviously, these items (which comprise a basic income statement and balance sheet) must be measured and tracked. However, it's equally important ...

Understand the income statement and balance sheet, and key financial concepts such as earnings, economic profit, EBITDA, capital, equity, leverage. Measure, and analyse, return on capital to reveal ...