Spotting creative accounting practices on the balance sheet can be broken down into three categories for analysis: assets, ...

In other words, the balance sheet must balance. Subtracting liabilities from assets shows the net worth of the business A basic tenet of double-entry bookkeeping is that total assets (what a ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

Moreover, fiscal accounting and reporting are brought closer into line with private sector practice (that is, a profit and loss statement, a balance sheet, and a cash statement). The linkages in the ...