Financial statements are tools for assessing businesses' financial health and performance across various industries. These statements, including the ...

The analysis of financial statements involves examining and interpreting a company's financial data to assess its performance and make informed ...

A balance sheet is a financial statement that lists all the assets and liabilities of a business at a specific point in time.  It comprises assets, ...

A fixed asset is a long-term resource that a company owns and uses to generate income. They are crucial components on a company's balance sheet, ...

Depreciation is an accounting method used to allocate the cost of physical assets over their useful lives. Depreciation on assets occurs when they ...

The Straight-Line Method of depreciation assumes an asset loses value at a constant rate over its useful life until it reaches its scrap value, also known ...

The written-down value method, also known as the declining balance method,  is a method of depreciation that results in higher depreciation charges ...

The unit of production method for depreciation is where the depreciation expense is based on the asset's actual usage or production level rather than ...

Current assets refer to all the assets in a company expected to be sold or consumed through standard business operations within one year. Businesses ...

Non-current liabilities are long-term liabilities, which are financial obligations a company is due to settle over a period exceeding one year. These ...

Current liabilities represent obligations due within twelve months and are settled using current assets. Current liabilities include accounts payable, ...

Shareholders' equity is a financial metric representing the amount returned to shareholders if the company is liquidated and all debts are paid. It is ...

An income statement is a financial document that reports a company's ability to generate profit over a specific accounting period. The income ...

Income statement expenses are the costs incurred by a business in earning revenue for a specific accounting period. These expenses are broadly categorized ...

Income on an income statement represents the revenues and gains a company earns in a specific accounting period. Revenues primarily come from core ...

A cash flow statement provides a detailed account of the cash inflows and outflows over a specific period. The statement is essential for understanding a ...

Operating activities in a cash flow statement represent the cash inflows and outflows directly related to the regular business operations of a company. ...

Financing activities in a cash flow statement are managing cash related to raising funds and returning value to its shareholders for its long-term ...

Investing activities in a cash flow statement focus on a company's strategies for allocating resources in its business infrastructure by acquiring ...

Financial statements are written records that provide stakeholders with information on an organization's business activities and financial ...

Financial statement analysis involves examining a company's financial reports to understand its financial health. By analyzing Salt Corporation's ...