What is 'Financial Reporting and Analysis'

Financial reporting is the procedure of producing statements that release an organization's financial position to management, investors and the government or state. Generally, the four elementary reports are balance sheets, income statements, cash flow statements and statements of shareholders' equity.

History of Accounting

It is supposed that the very origins of writing itself may have established out of early marks used to keep account of goods at earliest warehouses more than 5,300 years ago. The view that pre-numerical counting systems pre-dated even written language, didn’t originate as a surprise to many archeologists and historian...read more