Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katharine Beer is a writer, editor, and archivist based in New York. She has a broad range ...

Charities blend nonprofit missions with for-profit strategies for clarity in financial reporting. Understanding the statement of activities helps track net assets in charities. Calculate a charity's ...

A company's income statement is often called by another name--the bottom line. An income statement is useful for an investor looking to determine a business' earning potential and likelihood of future ...

If you run a business that uses depreciable fixed assets and you prepare financial statements in accordance with generally accepted accounting principles, impairment of an asset can impact your ...