Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

Financial statements are vital for businesses, from international corporations down to limited liability companies. These statements give investors an in-depth, accurate picture of a business’s ...

AMONG ENRON’S PROBLEMS WAS ITS USE of variable interest entities, which allowed it to leave significant amounts of debt off its balance sheet. In response to concern about this practice, FASB issued ...

Finra wants member firms to be wary of brokers who produce consolidated statements for clients. In a regulatory notice posted yesterday, the Financial Industry Regulatory Authority Inc. warned that if ...