There's a fine line between applying accounting strategies in an attempt to make your balance sheet look better and committing fraud. Companies may understate their cost of goods sold to increase ...

The perpetual inventory system controls inventory in order to both protect it from theft and damage and report it in the balance sheet as an asset that impacts net income. When the inventory is sold ...

Opinions expressed by Entrepreneur contributors are their own. One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...