Common-size financial statements present financial information in terms of percentages instead of dollar values. On a common-size statement, each line item is expressed as a percentage of a reference ...

Company management often analyzes financial statement data to understand how the business is performing relative to where it was historically, and relative to where it wants to go in the future.

How to Read Financial Statements: A Practical Guide for Understanding Numbers Your email has been sent Learn how to read financial statements with simple tips that help you spot trends, connect ...

IN CERTAIN INSTANCES CPAs SHOULD CONSIDER preparing and reporting on financial statements using an “other comprehensive basis of accounting” (OCBOA). Tax-basis and cash-basis, including ...