In 2017, revenues increased by 6%. Are small businesses required to have audited financial statements? Companies While laws may not require audited financial statements to be provided by private ...

However, it also is important to analyze the actual level of cash flowing into and out of the business. Like the income statement, the cash-flow statement measures financial activity over a period ...

"Financial accounting describes the systems that process business transactions. These systems provide useful information ...

Financial statements provide insights into a small business’s financial health. Small businesses need to understand their tax obligations, track deductible expenses, and file taxes on time.

Palepu, Krishna G., Paul M. Healy, and Victor L. Bernard. Business Analysis and Valuation Using Financial Statements: Text and Cases. 3rd ed. Mason, OH: Thomson South ...

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow.

A non-profit organization that supported small businesses across British Columbia has ceased operations due to financial challenges. Small Business B.C. was placed under bankruptcy on Dec. 5.