There are three types of financial statements for businesses: income statement, balance sheet and cash flow statement. Each of these financial statements shows a different aspect of the business.

Every business has an accountant who prepares financial statements on a regular basis. Management, creditors and stockholders use these statements to gauge the performance of the company and make ...

Audited financial statements are independent CPA evaluations costing thousands. They include balance sheets, cash flow, ...

Ahmedabad: A guidance note issued by the Institute of Chartered Accountants of India (ICAI) outlines a new standard format for financial statements for the audit of non-corporate entities, effective ...

The way Indian companies present their profit and loss statements is set for a makeover, one that could provide investors with a clearer picture of what’s driving profits and where the money goes. The ...

Indian businesses will soon have to present their financial statements in a new way to help investors and regulators quickly assess their performance and financial health, two persons informed about ...