Income statements, balance sheets and cash flow statements. If you're running a business, you probably have some knowledge of basic financial statements and how to use them. But do you know why ...

Regardless of whether you personally participate in the process, understanding how to produce a basic financial statement and report is essential for every small-business owner. A balance sheet, ...

Opinions expressed by Entrepreneur contributors are their own. A few times in my consulting and accounting career, I have had to explain very basic financial topics to seasoned business owners. I have ...

In the complex landscape of business leadership, mastery of fundamental financial concepts is no longer a luxury reserved for the Chief Financial Officer—it has become a crucial necessity for leaders ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

GASB issued a concepts statement to guide the board when establishing note disclosure requirements for state and local governments — part of its response to research reexamining existing note ...

The Governmental Accounting Standards Board released a concepts statement Thursday to provide a conceptual framework for its work on note disclosure requirements for state and local governments. GASB ...