For certain types of companies, office supplies make up a significant percentage of expenses. For instance, a company that does all of its operations from a large office must order supplies often to ...

Amortization expense refers to the depletion of intangible assets and can be a major source of expenditure on the balance sheet of some companies. Amortization is always a non-cash expense. Therefore, ...

GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

A profit and loss statement summarizes a business’s revenue and expenses. Learn how to use a profit and loss statement to ...