Earnings per share (EPS) is a well-known financial metric that measures Net Income relative to the number of outstanding shares a company has. EPS is often used to compare one company to another. Basic Earnings Per Share EPS can be either basic or diluted. Basic EPS shows the portion of Net Income attributed to each […]
Securities and Exchange Commission The SEC is a federal agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing US stock and options exchanges. The SEC regulates public companies and oversees the exchange of their securities. Is My Company Subject to the SEC? The SEC’s reporting requirements apply to two types of […]
Notes to the Financial Statements are an important and necessary part of a full set of Financial Statements. Notes to Accounts aka Notes to the Financial Statements are classified as either Significant Accounting Policies, Other Notes to Financial Statements, Related Parties Disclosure, Subsequent Events Disclosure, Going Concern Doubt Disclosure, or Risks and Uncertainties. Significant Accounting […]
What Is the Balance Sheet? The Balance Sheet is one of the primary financial statements used in accounting. The Balance Sheet shows a snapshot of a business’s financial position at a point in time. There are two sections: Assets and Liabilities & Equity. Not only does the Balance Sheet show individual and composite account balances, […]
Statement of Comprehensive Income
What Is the Statement of Comprehensive Income? The Statement of Comprehensive Income is a financial statement for items that are not included within Net Income from the Income Statement but nevertheless do affect the equity section of the Balance Sheet. The Statement of Comprehensive Income shows total comprehensive income. The Statement of Comprehensive Income includes […]
